Gate Research Institute: The crypto market evaporated $1.3 trillion, creating the largest quarterly pullback, with stablecoin market cap rising to $2,271 billion, hitting a historical high.

gate Research Institute Daily: On March 11th, BTC price fell by 2.92% to 80,226 USDT, and ETH price fell by 9.62% to 1,867.95 USDT. The cryptocurrency market evaporated 1.3 trillion US dollars, marking the largest quarterly pullback in history. The market capitalization of stablecoins rose to 227.17 billion US dollars, reaching a historical high. Thailand's SEC approved USDT compliant trading, taking a crucial step in digital asset regulation. Movement submitted an application for MOVE ETF, and the mainnet Beta launch is driving ecosystem growth. The SEC is shifting towards a crypto-friendly stance and may withdraw exchange registration requirements.

Market Review: The price of BTC fell by 2.92% to 80,226 USDT, and the price of ETH fell by 9.62% to 1,867.95 USDT. Popular Tokens: The top 24-hour popular altcoins are RARE, MYTH, SAROS, with gains of 83.71%, 19.39%, 4.77% respectively. Highlights：The cryptocurrency market evaporated $1.3 trillion, marking the largest quarterly pullback in history; the market capitalization of stablecoins rose to $2,271.7 billion, reaching a new all-time high. Hotspot Review: SEC shifts to a crypto-friendly stance, may withdraw exchange registration requirements. Market Opportunity: XOOB is a Telegram-based GameFi platform that revolves around a space theme for mining experience. Players can earn XOOB tokens by completing tasks and participating in mini-games.

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Gate.io March 11, 2025