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This article comes from: Cointelgraph & Decrypt, original author: Ana Paula Pereira & Sander Lutz Odaily Planet Daily Translator | Moni 40 trading days after the listing of the spot Bitcoin ETF, Nasdaq-listed BlackRock IBIT ushered in an important milestone. The number of Bitcoins it holds has exceeded that of Michael Saylor's listed company MicroStrategy. Number of Bitcoin holdings. Data shows that as of March 8, IBIT held a total of approximately 195,985 BTC (as shown below), with a market value of more than $13.579 billion, while MicroStrategy’s Bitcoin holdings were approximately 193,

In recent years, PT leveraged yield strategies in the DeFi field have attracted widespread attention, but the potential discount rate risk cannot be ignored. The strategy utilizes Ethena's sUSDe and Pendle's PT-sUSDe for interest rate arbitrage. Although market enthusiasm is high, participants still need to reasonably assess risks and control leverage to prevent potential losses.

In April, the crypto market showed a complex performance, with on-chain transactions of stablecoins reaching a historical high of $1.1 trillion, an increase of 23.7%. However, on-chain transaction volumes for Bitcoin and Ethereum fell by 30.5% and 30.2%, respectively. Miner income and the NFT market also saw significant declines, leading to an overall sluggish performance.

The DeFi market is currently experiencing a downturn, with Total Value Locked significantly falling, but some profitable projects are still being followed. Industry experts suggest focusing on stable yield and projects related to real assets, as future potential lies in innovation and the ability to adapt to market changes.

The cryptocurrency market is about to undergo a significant transformation, with approximately $2.99 billion in tokens expected to be unlocked and flow into the market this month. Among them, Solana (SOL) has an unlocking amount of up to $746.656 million, which, although only accounting for 0.77% of its circulating supply, will undoubtedly become the market focus due to its massive scale. Worldcoin (WLD) has an unlocking amount of $202.776 million, accounting for 9.46% of its circulating supply, and such a large-scale supply increase will inevitably have a significant impact on trading activities and price trends. MORPHO (MORPHO) and ETHFI (ETHFI) will unlock $66.845 million and $49.849 million respectively, accounting for 9.62% and 8.93% of their circulating supply. These unlocking events may impact the price dynamics of the related tokens in the short term. Additionally, projects such as Sui (SUI), Ethena (ENA), Fasttoken (FTN), Layerzero (ZRO), and Huma Finance (HUMA) will also experience significant unlocking moments, and the sudden influx of a large number of tokens will put a severe test on the market's absorption capacity, potentially reshaping market sentiment and price trends. In such a complex and ever-changing encryption currency environment, investors need to remain highly vigilant, closely monitor the evolution of regulatory policies, deeply analyze the opportunities and challenges brought by technological innovations, and prudently assess capital flows and their underlying intentions. In terms of investment strategy, one can consider seizing compliance opportunities offered by regions such as Hong Kong and Wyoming, and participating in compliant stablecoin projects. At the same time, pay attention to advanced and potentially developing areas such as the Solana ecosystem, and reasonably allocate asset portfolios. For investors with a lower risk tolerance, it is advisable to avoid high-risk areas such as privacy coins and small cryptocurrencies. It is worth noting that certain privacy coins have been included in the regulatory list by the European Union, and holding more than a specific amount may raise legal issues. Recently, there has also been a significant drop in the value of many small cryptocurrencies in the market, reflecting that the market is undergoing a process of de-bubbling. In addition, with the advancement of quantum computing technology, the security of traditional encryption algorithms is being challenged. Bitcoin users should consider upgrading to quantum-safe wallet systems to ensure the security of their assets. In this rapidly changing cryptocurrency world, staying vigilant and keeping up with the times is crucial.