ETH falls below the $2000 mark

According to BlockBeats, on March 21st, Paul Atkins, the nominee for the position of Chairman of the U.S. Securities and Exchange Commission (SEC), will attend the Senate Banking Committee confirmation hearing on March 27th. If approved, the entire Senate will conduct a final vote. Atkins, a former SEC commissioner and supporter of digital assets, previously founded a financial compliance consulting firm in Washington. He is expected to continue the pro crypto regulatory stance promoted by the Trump administration, succeeding former SEC Chairman Gary Gensler, who has been criticized for his "law enforcement style regulation" of the crypto industry. The same day's hearing also included Jonathan Gould, the nominee for the Office of the Commissioner of the Currency (OCC), which is responsible for regulating the National Bank of the United States and is crucial for cryptocurrency companies to seek bank access and regulate stablecoin issuance. In addition, the Senate will also consider the nomination of Luke Pettit as Assistant Secretary of the Treasury.

The Binance VIDT/USDT perpetual funding rate is currently -1.01%, and bears need to pay funding fees to bulls, indicating a high bearish sentiment in the market. AiCoin [PC - Home - Popular Rankings] has launched the "Fund Rate" ranking, which provides a list of rate arbitrage opportunities. Capital fees are an important mechanism for anchoring spot prices in perpetual contracts, used to balance long and short sentiment. When the funding rate is greater than 0, long positions pay funding fees to short positions; When the funding rate is less than 0, short sellers pay funding fees to long sellers.

The US stock market closed down, with the Dow Jones Industrial Average falling 0.03%, the Nasdaq falling 0.33%, and the S&P 500 index falling 0.22%.

TON Foundation announced that venture capital firms such as Sequoia Capital, Ribbit, Benchmark and Kingsway have invested over $400 million in Toncoin.Crypto exchange Kraken has agreed to acquire CFTC-registered U.S. retail futures trading platform NinjaTrader for $1.5 billion — marking the largest-ever deal between crypto and traditional finance. 

According to BlockBeats, on March 21st, during discussions regarding Binance's voting and listing mechanism implemented in 2017, Binance founder CZ replied, "Voting was good at the beginning, but later it tore apart the community and caused project parties to attack each other. It feels like PVP. Preventing and controlling cheating has become increasingly difficult over time. We need to keep changing modes. We can still do it occasionally