Catizen disclosed the latest project data. In the first quarter of 2025, the consumption of $CATI tokens has reached 22 million, and the annual token consumption target has been raised to 150 million.

according to data monitored by Farside Investors, the net outflow of the US spot Ethereum ETF was $21.6 million yesterday.

On March 12th, according to market data, the ETH/BTC exchange rate has fallen to 0.022676, a 3.71% decrease in the past 24 hours, hitting a new low since June 2020.

according to Reuters, Trump's proposal to increase the actual tariffs on steel and aluminum imported by the United States to 25% has officially taken effect, with no country exempted. 

according to Scam Sniffer monitoring, 30 minutes ago, a user fell victim to an online phishing attack, resulting in a loss of 1.82 million US dollars worth of cUSDCv3.

ARK Invest CEO Cathie Wood stated that the U.S. economy is approaching the end of a "Rolling Recession" and is about to usher in unprecedented productivity growth driven by artificial intelligence (AI) and emerging technologies. She predicted that the U.S. GDP growth rate will reach 7.3%, and believes that the largest productivity growth in history is imminent, despite weak short-term economic data. She believes that technologies such as AI, genetic technology, automation, and cryptocurrencies will drive global economic transformation and form a positive cycle with the Trump administration's tax cuts and deregulation policies. In addition, she pointed out that since SEC Chairman Gary Gensler stepped down, the U.S. government's attitude towards the crypto industry is changing, and Washington is embracing a "digital asset revolution." Wood believes that the current market funds are mainly concentrated in the "MAG7" (seven major tech giants), but will shift towards a wider range of innovative stocks in the future, specifically mentioning that ChatGPT still dominates, but Elon Musk's Grok is growing faster, and open-source AI models (such as DeepSeek, Meta's Llama, and possible future open-source versions of Grok) will become important trends. However, the market's reaction to her views has been negative, with many investors questioning her investment strategy and believing that her optimism towards the economic policies of the Trump administration, especially regarding tariff policies and tax cuts, could lead to an expansion of the fiscal deficit, while the ARK Innovation ETF has lagged behind the S&P 500 since the major drop in 2022. Nevertheless, Wood remains firm in her belief that the U.S. economy will enter one of the strongest bull markets in history, and states that if new technologies such as AI drive deflation, the U.S. will experience unprecedented economic growth.

Trump reversed his stance on Canadian tariff policies multiple times on Tuesday, causing a "roller coaster" market. At the opening, the major US stock indexes rose, but then Trump announced a 25% tariff on Canadian steel and aluminum, causing the three major indexes to fall. Shortly after, news came out that this policy was suspended and both sides would renegotiate, but the downward trend in the US stock market remained. In the afternoon, the market changed again as Ukraine agreed to a 30-day ceasefire. Large-cap tech stocks rebounded, pushing the US stock market to hit new daily highs, but the market weakened again towards the end of the day. At the close, all three major indexes fell, with the Dow falling 1.14%, the S&P 500 falling 0.76%, and the Nasdaq falling 0.18%. Most of the big tech stocks rose.

Cynthia Lummis, a US senator friendly to encryption and chairman of the US Senate Banking Committee's digital asset subcommittee, has resubmitted a new version of the Bitcoin Reserve Act. The latest version will allow the US government to hold more than 1 million bitcoins, as long as these bitcoins are obtained through legal means other than direct purchase, such as civil or criminal forfeiture, gift to the United States, or transfer from a federal agency. The previous version of the bill required a total acquisition of 1 million bitcoins within five years. In addition, the new bill also establishes an evaluation process for Bitcoin fork assets and airdropped assets in reserves, requiring all fork assets to be held in reserves and not sold or disposed of within five years unless authorized by law.

Goldman Sachs has lowered its year-end target for the S&P 500 index from 6,500 points to 6,200 points by 2025, reflecting the institution's adjustment of its fair forward price-to-earnings (P/E) ratio from 21.5 times to 20.6 times, a decrease of 4%. At the same time, the expected earnings per share (EPS) of index component stocks have been lowered, with the 2024 EPS expectation dropping from $268 to $262, and the 2025 expectation dropping from $288 to $280. 

the US Bureau of Labor Statistics will release the Consumer Price Index (CPI) report for February at 20:30 tonight (Beijing time). The market expects inflation to ease slightly but still remain above the Federal Reserve's target.