Today's cryptocurrency panic and greed index dropped to 20 (yesterday the index was 27), changing to "extreme panic" level. Note: Panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market survey (15%) + bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%). Showing market sentiment as "extreme panic".

On March 9th, CryptoQuant research director Julio Moreno posted on X platform, saying that the reason for the decline in Bitcoin price is simply that the current growth in spot demand for Bitcoin is shrinking, while Bitcoin's short positions dominate the futures market.

Jacob King, the founder of WhaleWire, posted on social media that the bear market for Bitcoin has arrived. The failure of Bitcoin's strategic reserve launch clearly indicates that, apart from confiscated bitcoins, there was never any intention to purchase any other assets. At the same time, the claim of institutional demand has collapsed, with record outflows of ETF funds as proof. All narratives have been shattered - every single one.

US President Trump refuses to rule out the possibility that the US economy will shrink and enter a recession this year. He said his comprehensive economic agenda may cause short-term turbulence, but he believes it will drive future prosperity.

According to @ai_9684xtpa monitoring, the whale suspected of opening a position with 3223 US dollars in ETH two months ago is now selling off 2048 ETH (4.39 million US dollars), facing a potential loss of 2.21 million US dollars if sold. The ETH position from two months ago also ended with a loss of 35,000 US dollars.

The yield on the 10-year U.S. Treasury bond fell 6 basis points to 4.257%, and the 2-year Treasury bond yield fell 4 basis points to 3.9624%. 

On March 8th, AB DAO announced that AB has been listed on Hotcoin exchange at 18:00 on March 8th (UTC+8), further expanding global trading channels and promoting the widespread application of AB in the Web3 field. AB will soon be listed on four other mainstream exchanges: Gate, BitMart, Lbank, and Biconomy, significantly enhancing AB's global liquidity and ecological influence.

The owner of the DOGE prototype Shiba Inu KABOSU posted on the X platform, "After being attacked by hackers, this may look suspicious, but it's true. Today, our family has added a new member, I named her "Kokoro", she is a girl. Like Neiro-chan, she is a 10-year-old rescue dog. From the first meeting, Neiro-chan and Kokoro-chan greeted each other, as intimate as old friends. It's surprising to see Iro-chan like this, as he took quite a long time to get used to other dogs. I believe that from now on these two cats will get along well, and of course the other three cats will happily spend their days together."

On March 8th, Zhu Su posted on X platform that the establishment of a strategic Bitcoin reserve in the United States sent an important signal, because for many years the biggest risk facing Bitcoin has been seen as a challenger to the US dollar, or seen as a protocol that facilitates "illegal" transfer of funds. The strategic Bitcoin reserve positions Bitcoin as a digital anonymous asset equivalent to gold, which will be recognized in the West and around the world. The US government does not need to accumulate millions of Bitcoins, it just needs to make Bitcoin the single coordination point for digital value storage.

The White House in the United States held a cryptocurrency summit for the first time on the 7th local time. Trump stated at the summit that the federal government of the United States will support the development of cryptocurrencies represented by Bitcoin and the digital asset market. U.S. media reported that Trump's policy shift may be due to the significant political donations provided by cryptocurrency investors during last year's U.S. election campaign, hoping that he would end the Biden administration's restrictive policies on cryptocurrencies after taking office. According to the Wall Street Journal, during last year's U.S. election campaign, the cryptocurrency industry provided over $130 million in political donations to candidates for both parties in the House and Senate who support cryptocurrencies through a super political action committee.

An increasing number of women are becoming interested in investing in cryptocurrency, with a focus on long-term strategies and lower-risk assets such as Bitcoin, despite admitting a lack of knowledge about the industry. According to a recent survey by Bitpanda shared exclusively with Cointelegraph, 50% of female crypto investors prioritize long-term financial growth, with 49% holding digital assets for up to five years and 39% planning to hold for more than five years. Women tend to lean towards safer digital assets, with Bitcoin being the most popular choice among 30% of respondents for their first digital asset investment. The survey also revealed that over 54% of the 1,400 investors surveyed made their initial investments in Bitcoin, Ether, or XRP. Gracy Chen, CEO of Bitget cryptocurrency exchange, noted that women tend to have a more diverse portfolio and focus on long-term wealth creation rather than short-term gains, which is beneficial for the crypto ecosystem.

XRP (XRP) is currently facing increasing technical and fundamental pressures that could potentially lead to a 20% price decline in the near future. Based on recent market analyses and historical patterns, investors should pay attention to three key signals. The XRP/USD price chart is showing a symmetrical triangle formation on the weekly chart, indicating a struggle between buyers and sellers. Contrary to popular belief, symmetrical triangles do not always result in bullish continuation patterns and can lead to significant declines. The recent White House Crypto Summit on March 7 caused XRP's price to drop as optimism faded about its inclusion in a US strategic crypto reserve, leading to a 10% decline in the XRP market. Additionally, Bitcoin is gaining favor from the Trump administration, with the US holding approximately $17.7 billion in BTC, while XRP remains in a historical distribution zone against BTC. XRP's trading volumes have surged to record levels, indicating a distribution phase where large holders are offloading positions to retail buyers after a major rally, similar to patterns seen in 2021. The decline in XRP whale holdings further reflects distribution, with whale balances dropping from 94.21 billion to 90.21 billion XRP in a year.

According to the on-chain analyst Yu Jin's monitoring, willjeetonyou.eth used 21 ETH to snipe and buy 14.83 million Cocoro at an average price of $0.003 within 2 minutes after adding liquidity on Cocoro. Currently, he still holds 13.88 million Cocoro, worth $1.11 million. He made a profit of $1.14 million on Cocoro in one hour.

SlowMist Yu Xian stated in a post on X platform that if you are still using Safe multi-signature or other multi-signature (regardless of the technical mode), you need to pay attention to these points:

The overall market value of stablecoins increased by $7.7 billion in February, highlighting the growing demand for "digital dollars" in the crypto market. The main situation of the stablecoin market in February is as follows: USDS market value increased by 64%, PYUSD increased by 49%, USDT market value reached approximately $143 billion (an increase of $2.5 billion in February alone), USDC increased by 7%. However, the market value of USDe and DAI decreased.

David Marcus, former head of Meta's cryptocurrency business and co-founder and CEO of Lightspark, confirmed in a post on social media X that he was invited to participate in the first White House cryptocurrency summit.

Some US government agencies are still refusing to provide transparency regarding their involvement in Operation Chokepoint 2.0, a period during the Biden administration where crypto and tech founders were reportedly denied banking services, as stated by Coinbase's chief legal officer Paul Grewal. The collapse of crypto-friendly banks in early 2023 led to initial accusations of Operation Chokepoint 2.0. Critics, such as venture capitalist Nic Carter, characterized it as a government initiative to pressure banks into severing ties with cryptocurrency companies. Despite recent regulatory changes, agencies like the Federal Deposit Insurance Corporation (FDIC) are still resisting efforts for transparency, according to Grewal. He mentioned that the FDIC has been uncooperative in providing details on their due diligence process and has refused to comply with requests for documentation related to the events. Additionally, Grewal highlighted that the FDIC has heavily redacted documents and only provided snippets in response to Freedom of Information Act (FOIA) requests.

The German "Wirtschaftswoche" website published an article by economist Desmond Rahmann on the 7th titled "Trump may trigger a new European debt crisis." The article believes that various signs indicate that the new US government is targeting Europe, especially Germany, as its next target in the trade war. European decision-makers should prepare for a trade war. The US recently threatened to impose a 25% tariff on products imported from the EU. However, the US government may want to consider the economic difficulties on the European continent: the German economy is currently in a slump, while Italy and France are working to address more serious public debt issues. Perhaps by then, the US government will realize that its tariff policy - as part of the "America First" agenda - may trigger an economic recession in Europe and a debt crisis in the Eurozone.

The market shows BTC falling below $86,000, now trading at $85,975.56, with a 24-hour decline of 3.51%. The market is fluctuating significantly, please manage your risks.

On March 8th, according to a statement released by the Greater Memphis Chamber in Tennessee on March 7th local time, Musk's artificial intelligence company xAI has purchased a property in the southwest part of Memphis covering 1 million square feet, as another expansion move after announcing the expansion of the supercomputer "Colossus" in the city last December. The statement mentioned that the new facility will complement xAI's existing business and support the company's expansion in Memphis. The Greater Memphis Chamber stated that the supercomputer "Colossus" is advancing towards xAI's announced "supercluster scale" last December.