BTC breaks through the $84000 mark

On March 18th, according to official sources, the Trump crypto project WLFI announced the completion of a total of $550 million in token sales, with over 85000 participants completing KYC certification. WLFI's Macro Strategy has also allocated various digital assets in its strategic reserve plan, including BTC, ETH, TRX, LINK, SUI, and ONDO tokens. The 'macro strategy' may be partially used to support WLFI in funding innovative projects, promoting ecosystem growth, and creating new opportunities in the rapidly developing DeFi field.

According to CoinDesk citing Blockspace, two Bitcoin improvement proposals (BIPs), BIP 119 and BIP 348, are gaining public support and may be implemented in the next soft fork of Bitcoin. BIP 119 refers to OP_CECKTEMPLETVERITY (CTV), while BIP 348 refers to OP_CECKSIGFROMSTACK (CSFS). These BIPs propose new methods for writing Bitcoin scripts, which have received explicit support from numerous developers and can significantly improve Bitcoin's self custody, fee management, and existing technologies such as Lightning Network, Ark, and contract based applications. Blockspace wrote that this is the first time in over four years that Bitcoin users have pushed for changes to the underlying software of the project. It is reported that the process of Bitcoin soft fork requires the support of stakeholders including developers, custodians, investors, and miners, and miners need to express their support for making changes to the blocks they mine.

Magic Eden saw an explosive but short-lived surge in Ordinals trading, with daily volume averaging nearly $50 million for eight days, driven by the Idiots NFT mint.The following is an excerpt from The Block’s Data and Insights newsletter.

On March 18th, according to TechCrunch, xAI, a subsidiary of Elon Musk, has officially acquired Hotshot, an AI video generation startup that focuses on developing artificial intelligence video generation technology similar to OpenAI Sora. Hotshot stated on its website that it will cease new video production services starting from March 14th, and it is currently unclear whether all Hotshot employees will join xAI.

According to BlockBeats, on March 18th, Bakkt Holdings (BKKT), a cryptocurrency trading and custody company, disclosed that both Bank of America (BAC) and Webull Pay will not renew their contracts, causing their stock prices to plummet 35% to $12.83 after trading on Monday. According to the agreement, Bank of America's contract will terminate on April 22nd, while Webull's collaboration will end on June 14th. In addition, Bakkt has applied to the US Securities and Exchange Commission (SEC) for an extension to submit its 2024 annual report.