Bitcoin Drops Below $70,000

On March 26, Singapore-based Web3 infrastructure firm Startale Labs announced it has closed a $63 million Series A funding round. The round was led by Sony Innovation Fund, with participation from Samsung Next, UOB Venture Management, SBI Holdings and other major Asian industry and financial giants. This financing has doubled the company’s valuation from its seed round expansion stage in early 2024. Proceeds from the round will primarily be allocated to: - Global rollout of the “Startale Super App” and integration of USDSC stablecoin as a unified settlement layer for on-chain entertainment. - Expansion of the “Soneium Spark” incubation program, which has already onboarded over 250 decentralized apps (dApps) spanning gaming, music and AI content creation. - Development of “entertainment-native” blockchain tools to help traditional media firms tokenize intellectual property (IP) and engage directly with global fans. - Advancement of the Japanese Yen stablecoin (JPYSC) in re

March 26 — Per community feedback, X is currently recovering gradually to normal operations. Downdetector records show the platform has had five major outages over the past three months.

March 26 — The X platform is currently experiencing a technical issue, with tweets failing to display properly.

On March 26, data from Bitget shows WTI crude oil futures surged 3% intraday, last trading at $93.03 per barrel.

March 26th — Cryptocurrency analyst Axel has released a new report detailing that U.S. and global Bitcoin ETFs recorded a net inflow of 62,986 BTC (roughly $11.3 billion) over the past 30 days (February 24 to March 25), pushing their total holdings to 1.327 million BTC. Over the same period, short-term Bitcoin holders continued realizing losses on exchanges, with average daily inflows into loss positions hitting 15,500 BTC. Axel noted that institutional buying pressure has outpaced retail selling pressure, providing price support—but the market is showing divergence: short-term participants are still selling at a loss, while ETF funds are gradually absorbing supply. For the uptrend to continue, Bitcoin needs to hold above $70,000 and ETF inflows must remain positive.

On March 26, data from Hypertracker shows the number of active perpetual contract trading addresses on Hyperliquid hit a record high of 241,419.