[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.staticimgs.com/image/article/1742551867ann_en.webp) This week, the crypto market continued to track trends in price movements, regulatory updates, and technological advancements. Bitcoin (BTC) rebounded to a high of around $87,500 USDT, while Ethereum (ETH) surged to approximately $2,050 USDT. Key highlights included SEC regulatory developments, innovations in Web3 technology, and the expansion of the DeFi ecosystem. The Ethereum Foundation announced it will activate the Pectra upgrade on the Hoodi testnet on March 26. Additionally, XRP's fully diluted valuation (FDV) surpassed $250 billion, overtaking ETH's FDV. Below is a summary of this week's key insights: **Weekly Highlights** - **Market Trends: **BTC price rebounded to a weekly high of $87,500 USDT; ETH peaked around $2,050 USD. Long-term Bitcoin holders accumulated over 182,000 BTC in the past month, worth nearly $15 billion. The total stablecoin market cap reached a new high of $230 billion. - **Policy & Regulation: **U.S. voters broadly opposed a proposed national crypto reserve strategy, with fiscal priorities still focused on public welfare. The SEC dropped its appeal in the Ripple case. - **DeFi & Layer 1 Ecosystems: **The Ethereum Foundation plans to activate the Pectra upgrade on the Hoodi testnet on March 26. XRP's FDV broke $250 billion, surpassing that of ETH. - Read the full report: Gate Research: Stablecoin Market Cap Hits $230B ATH; Ethereum to Activate Pectra Testnet **Selected Research Reports** - **Policy & Macro Developments: **The University of Michigan's March consumer expectations fell significantly short of forecasts, with 5–10 year inflation expectations hitting their highest level since 1993. The Federal Reserve announced it will maintain the federal funds rate at 4.25%–4.5%, in line with market expectations. Canary Capital filed for a spot SUI ETF, indicating growing institutional interest in the Sui ecosystem. - **Key Industry Events: **Four.Meme suffered a hack resulting in $130,000 in losses, raising market security concerns. A Solana proposal (SIMD-0228) to adjust inflation failed to pass, stalling economic reforms. The CME launched Solana futures, with trading volume equivalent to 38,000 SOL. - **Web3 Ecosystem Expansion: **Aave launched its Horizon Program targeting institutional adoption of real-world asset DeFi. Raydium is preparing to launch its token platform, LaunchLab. - Read the full report: Gate Research: Web3 Policy and Macro Report (March 14 - 20, 2025) - Read the full report: Gate Research: Web3 Events and Cryptocurrency Technology Developments (March 14 - 20, 2025) **Hot Topics** - **Public Chains & DeFi Ecosystem: **Base saw an explosion in contract deployments, reaching 11.4 million in one week, setting a new record. In February, Solana generated 57% of all blockchain revenue. - **Industry Trends & Innovation: **The Gate Web3 Wallet received a major upgrade with AI-driven, cross-chain aggregated trading features. - **Key Web3 Developments: **Hyperliquid trading volume surpassed $1.122 trillion, accelerating the scaling of decentralized exchanges. - Read the full report: Gate Research: Weekly Hot Topics (March 17 - 21, 2025) **Hot Airdrops** - **Skate**: Focused on seamless cross-chain interaction. Through the Ollies Points Program, users can earn points that will be redeemable for future airdrop tokens. - **Giza**: Uses AI to optimize DeFi strategies. The "Megaphone x Giza Points" program rewards testers with GIZA token claim rights. - **Voltix**: Offers decentralized computing resources. Plans to airdrop VOLT tokens. Users can earn points through social tasks and a browser extension. - **Superfluid**: Specializes in streaming payments. The SPR airdrop campaign allows users to earn SUP tokens through NFT minting and ecosystem interaction. - Read the full report: Gate Research: Weekly Report, Analysis, Hot Topics, and Airdrop Overview **Disclaimer **This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please note that Gate may restrict or prohibit all or part of its services in certain restricted regions. For more information, please read the User Agreement here: https://www.gate.io/user-agreement.** **Investing in the cryptocurrency market involves high risk. It is recommended that users conduct independent research and fully understand the nature of the assets and products they purchase before making any investment decisions. Gate is not responsible for any losses or damages from such investment decisions. Gate Team March 21, 2025 **Gateway to Crypto** Trade over 3,800 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves