RunningFinance

# U.S. BTC and ETH Spot ETFs Record Combined Net Outflows of Nearly $227 Million on Thursday
On March 20, according to the latest data from SoSovalue, U.S. BTC spot ETFs experienced net outflows of $90.19 million yesterday, marking the second consecutive day of net outflows;
Among these, BlackRock's IBIT, Fidelity's FBTC, and Bitwise BITB led in daily net outflows with $38.25 million (544.17 BTC), $26.02 million (370.20 BTC), and $17.18 million (244.42 BTC) respectively;
Following closely were Ark&21Shares ARKB and Grayscale GBTC, which recorded single-day net outflows of $15.16 million (215.7

North Carolina Bitcoin Reserve Bill Passes First Reading, Proposing to Allocate 10% of Public Funds to Bitcoin
On March 20, according to the latest X post from Bitcoin Magazine, Bill No. 327 proposed by the U.S. state of North Carolina, titled "North Carolina Bitcoin Reserve and Investment Act," officially passed its first reading on March 19.
The bill, sponsored primarily by Senators Johnson and Overcash, has as its core provision authorizing the state treasurer to allocate up to 10% of public funds into bitcoin as part of the state's long-term financial strategy.
To safeguard asset security,

Deribit Data: $2.786 Billion Bitcoin and Ethereum Options Expire Today, $75,000 Emerges as Key Resistance Level
According to the latest Deribit data, 34,400 Bitcoin options expire today with a put/call ratio of 1.71 and a maximum pain point of $70,000, representing a notional value of approximately $2.417 billion.
On the same day, Ethereum expiring options reached 173,900 contracts with a put/call ratio of 1.49, maximum pain point of $2,100, and notional value of $369 million. The combined notional value of both totals $2.786 billion.
Analysis suggests that as Bitcoin briefly broke below the $

Morgan Stanley Submits Revised Bitcoin ETF Application, Stock to List on NYSE Arca
This Tuesday, Morgan Stanley submitted a second revised S-1 registration statement to the SEC for its Bitcoin spot ETF application, confirming listing on NYSE Arca under the ticker symbol MSBT.
The filing shows that the creation and redemption unit for this offering is 10,000 shares, with an initial seed capital purchase unit of 50,000 shares, with expected fundraising of approximately $1 million. Morgan Stanley purchased two ETF shares on March 9 for audit purposes.
Regarding custodial arrangements, the fund wi

# U.S. CLARITY Act Poised for New Progress This Week: Negotiations Near Completion, Stablecoin Yield Debate Expected to Reach Consensus
According to CoinDesk on March 20, negotiations on the U.S. crypto market structure bill, the CLARITY Act, have been ongoing for several weeks and are currently at a critical "nearly finalized" stage.
According to informed sources, the updated legislative text was submitted to the White House for review on Thursday, and Senate Banking Committee Republicans held a special meeting that day to discuss how to bridge the final key differences.
This development sign

European Central Bank Launches Digital Euro Technical Working Groups Focused on ATM Integration and Payment Terminal Compatibility
On March 19, the European Central Bank (ECB) announced the launch of two new project initiatives aimed at recruiting industry experts to jointly explore how the digital euro can operate within existing payment infrastructure, including ATM integration, payment terminal compatibility, and offline transaction support.
According to the published announcement, the ECB is opening applications for two development working groups for its rulemaking. One working group will

US BTC and ETH Spot ETFs Record Combined Net Outflows of $219 Million on Wednesday
On March 19, according to the latest Farside data, US BTC spot ETFs recorded a combined net outflow of approximately $164 million yesterday, marking the first day of net outflows this week; additionally, no BTC ETF experienced net inflows on that day.
Among them, Fidelity's FBTC and BlackRock's IBIT topped the net outflow rankings yesterday with approximately $104 million and $33.9 million respectively;
Following these were Grayscale's GBTC and Bitwise's BITB, which recorded daily net outflows of $18.8 million a

# BIS Data Reveals: Retail Gold Purchases Doubled Over Past Six Months While Institutions Accelerate Selling
According to Cointelegraph, the Bank for International Settlements (BIS) pointed out in its quarterly report released on Monday that the gold market has been displaying a remarkable and notable divergence over the past six months.
Data shows that retail gold purchases have surged threefold over the past six months, increasing from approximately $20 billion to approximately $60 billion; while Wall Street institutions have been accelerating sales over the past four months, creating two co

# Fed's Hawkish Signal Triggers Crypto Market Shake-Up, $100 Billion in Market Cap Evaporates
On March 19th, the Federal Reserve concluded its March policy meeting, maintaining interest rates unchanged at 3.5%-3.75%. Fed Chair Powell delivered hawkish signals during the press conference, hinting that there may be only one rate cut opportunity this year.
This statement immediately triggered a sharp market reaction. Crypto market total capitalization (TOTAL) evaporated nearly $100 billion in less than 24 hours around the meeting, declining from a six-week high just below $2.57 trillion to approx

# Analyst Perspective: Bitcoin Exits High Volatility But Fails to Enter Safe-Haven Asset Status
On March 18, Bitcoin's closing price fell below $72,000, failing to hold the price range formed after the rebound and lacking the upward momentum needed to break through recent highs.
QCP Capital released market analysis indicating that the correlation logic between Bitcoin and traditional financial markets has changed. It no longer behaves purely like a high-risk asset, but has yet to attract sustained inflows of safe-haven capital.
Specifically, such assets previously typically exhibited volatilit

Federal Reserve Holds Rates Steady for Second Consecutive Meeting, Powell Signals Hawkish Stance, Rate Cut Expectations Significantly Delayed
In the early morning hours of March 19 Beijing time, the Federal Reserve announced it would maintain interest rates unchanged, marking the second consecutive "hold" following the previous meeting. Federal Reserve Chair Powell released clearly hawkish signals during the subsequent press conference.
Powell stated bluntly that current U.S. inflation remains stubborn, and the outlook carries increased uncertainty. He specifically pointed out that certain oil

US Senator Tim Scott: Stalled Crypto Bill Expected to See Breakthrough This Week
On Tuesday, US Senate Banking Committee Chair Tim Scott revealed at a crypto lobbying event in Washington, DC that the stalled crypto market structure bill is expected to see a breakthrough this week.
He indicated that a compromise proposal on stablecoin yield payment terms could be reached this week, and if achieved, this would clear the largest obstacle to advancing the bill.
Since delaying combined consideration in January, the Senate Banking Committee has been seeking to advance its version of the crypto marke

Strategy Purchased Seven Weeks of Bitcoin Mining Output in One Week; Four-Year Cycle Pattern May Be Reshaped by "Corporate Demand"
According to Cointelegraph, Strategy, founded by Michael Saylor, is accelerating Bitcoin purchases through its company preferred stock STRC financing pathway, a move that could potentially break the market cycle narrative constructed by Bitcoin's four-year halving.
Data shows that in just one week in mid-March, the company purchased 22,337 BTC, equivalent to approximately seven weeks of global miner output. In the previous week, its purchase of 17,994 BTC also reac

US BTC and ETH Spot ETFs Saw Combined Net Inflows of Approximately $338 Million on Tuesday
On March 18, according to the latest SoSovalue data, US BTC spot ETF recorded $199 million in net inflows yesterday, marking the 7th consecutive day of positive net inflows; and no BTC ETF experienced net outflows yesterday.
Among them, BlackRock's IBIT and Fidelity's FBTC recorded single-day net inflows of $169 million (approximately 2,270 BTC) and $24.39 million (326.58 BTC), respectively.
Following closely are VanEck HODL and Ark & 21Share ARKB, which recorded single-day net inflows of $3.17 million (

# U.S. SEC and CFTC Joint Release Major Guidance: Vast Majority of Digital Assets Are Not Securities
On March 17, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly released a comprehensive 68-page digital asset regulatory guidance opinion, clarifying that most cryptocurrencies do not constitute securities.
SEC Chair Paul Atkins stated plainly that the regulatory bodies' responsibility is to establish clear regulatory boundaries with precise terminology, and this initiative aims to end over a decade of regulatory uncertainty.
This posi

# Argentine Court Orders Nationwide Ban on Polymarket, Citing Unlicensed Gambling Operations
March 17 – An Argentine court has ruled that prediction market platform Polymarket is engaged in illegal gambling and has ordered a nationwide ban on its website, while also requiring Google and Apple to remove its market application.
An investigation revealed that Polymarket openly circumvented regulations, allowing users to open trading accounts without identity or age verification, enabling minors to participate without restrictions.
The platform not only lacked proper control measures, but upon ver

U.S. SEC Proposes Adjusting Financial Disclosure Frequency by Company Size, Shifting from Quarterly to Semi-Annual Reports
The U.S. Securities and Exchange Commission (SEC) is brewing a potential game-changing reform for American capital markets, aiming to reset information disclosure frequency based on company size, potentially ending the mandatory quarterly reporting tradition that has lasted over 50 years in the United States.
According to market sources, regulators are actively evaluating modifications to financial reporting requirements, planning to transform mandatory quarterly disclosur

Analyst Willy Woo: Beware of Bull Market Trap in Crypto, Current Market Has Only Completed 1/3 of Bear Market Process
On March 17, crypto analyst Willy Woo provided an analysis on X regarding cryptocurrency market trends, stating that Bitcoin's market fundamentals are currently maintaining their localized strength, with potential to touch the $80,000 range in the medium term, while $70,000 serves as the cost basis for short-term holders.
Willy Woo further explained that the main driver behind this wave of market movement comes from the futures market, where these investors are classified as sh