KuCoin Crypto Daily(2026-03-23)

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Today's Highlights

1. MANTRA Chain Hosts Community Connect Live Session on Token Upgrade

2. Metallicus Weekly Recap Highlights Institutional Blockchain Progress

3. U.S. Congressman Proposes Bill to End Federal Reserve


Macro News

Faraday Future Cleared by SEC After 5-Year Investigation

The SEC has concluded its five-year investigation into Faraday Future (FF) without taking any enforcement action against the company or its founder, Jia Yueting. FF is now free from historical burdens and plans to launch an upgraded "Ten-Punch Combo" strategy, including relocating its headquarters to Silicon Beach.


Global Markets Mixed as Geopolitical Tensions Rise

U.S. futures opened sharply lower amid rising geopolitical tensions, with WTI crude oil climbing above $100 and the VIX volatility index rising to 26.3–26.5. Bitcoin rose 0.5% while the S&P 500 and Nasdaq futures fell 0.7–0.8%.


CFTC Clarifies Crypto Collateral Rules, Boosting Institutional Confidence

The CFTC recently clarified rules on using crypto as collateral, which is expected to increase institutional participation and potentially unlock billions in new capital for the crypto market.


IEA Releases 400M Barrels of Oil Reserves, Yet Prices Remain High

Despite the IEA releasing 400 million barrels of oil reserves—the largest in its 50-year history—oil prices remain above $100 per barrel due to ongoing geopolitical risks in the Strait of Hormuz.


U.S. Congressman Thomas Massie Proposes Bill to End the Federal Reserve

Inspired by *The Bitcoin Standard*, U.S. Congressman Thomas Massie introduced a bill to dissolve the Federal Reserve. The move has sparked debate on the future of monetary policy and the role of Bitcoin in financial systems.


Industry Hotspots

Ethereum OG Sells $30.97M Worth of ETH

A long-term Ethereum holder sold 15,002 ETH in a single transaction, valued at approximately $30.97 million. The wallet had received 172,700 ETH over a decade ago, highlighting the potential for long-term gains in the crypto market.


BTC Breakout Above $71,421 Could Trigger $1.27B in Short Liquidations

According to Coinglass data, a Bitcoin price breakout above $71,421 could trigger $1.27 billion in short liquidations on major centralized exchanges. Conversely, a drop below $64,705 could trigger $758 million in long liquidations.


USDC Treasury Burns 50M USDC on Ethereum

Whale Alert reported that the USDC Treasury executed a burn of 50 million USDC on the Ethereum network. The move is part of ongoing efforts to manage supply and maintain the stablecoin’s peg to the U.S. dollar.


Bitcoin Near End of Bear Market, On-Chain Data Suggests

On-chain data indicates Bitcoin may be nearing the end of its bear market since October. If confirmed, the market could be entering a potential recovery phase, though caution remains due to ongoing volatility.


Ordinals NFT Volume Surpasses Ethereum, But Mostly Non-Art

On-chain data reveals that Bitcoin's NFT volume has surpassed Ethereum’s for the first time, with $11.8 million in the last seven days. However, only $6.8 million of that volume came from actual Ordinals art, indicating speculative activity rather than genuine adoption.


KOL and Institutions

@lookonchain

JUST IN: ETHEREUM OG DUMPS 15,002 ETH WORTH $30.9M. A long-term Ethereum holder recently offloaded a large position. According to @lookonchain, the wallet (0xa2F6) sold 15,002 $ETH in a single move. The transaction is valued at roughly $30.97 million.

@blokfeed

Today, the crypto market is catching its breath. Bitcoin slipped to $67,860, and Ethereum is down to $2,053, both continuing a short-term decline. The total market cap also dipped slightly to $2.42 trillion. Trading volumes are low, signaling a neutral sentiment as investors seem to be waiting for clarity.

@im_BrokeDoomer

Big positions right now (large market cap projects I’m holding): $TAO, $DOGE, $LTC, $ZEC, $ASTER.

@r_y_p_t_o_c

#CRYPTO CORE METRICS $TOTAL : $2.4T. BTC.D : 58.16% -0.2%. ETH.D : 10.70% 0.0%. #Bitcoin dominates 58.16% of the $2.4T crypto market.

@quantsdefi

Market Close. BTC $68K ↓3.2%. ETH $2.1K ↓4.4%. QDF Top Picks: Stay informed and strategize for tomorrow! #Crypto #MarketUpdate

@oxhak

BTC fell 2.2% and dropped below $69,200 as $299 million in market liquidations hit, with long traders making up 85% of the losses.

@pebloescobarSEI

Crypto apps CT bros actually use: Hyperliquid, Polymarket, Dexscreener, Jupiter, Aave, Pumpfun, Uniswap, Phantom, Pendle, Moonshot, Meteora, Aerodrome. They all share one thing: People keep coming back. Simple, useful… and you can make or save money.

@cameron_do_888

Market cap reshuffle: BNB overtakes $XRP for 4th place. On-chain data shows $DOGE −1.38%, $SOL −1.67%, and $ETH −1.52% leading a broader pullback.

@MiraGainz

What Is Market Cap? Market Cap shows the total value of a cryptocurrency. It is calculated by: Price of coin × Circulating supply. This helps investors compare the size of different projects. For example, Bitcoin has the largest market cap in crypto.

@zachary_beexper

Interesting divergence: $XRP −4.38% leads the drop vs. $BNB −2.62% & $BTC −3.80%. On-chain data shows ~ $400M in liquidations after the dip to $68K, signaling heavy leverage flush. The market is cleansing weak hands.


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