Gate News update: On March 18, CryptoQuant posted on the X platform stating that Ethereum's open interest shows a continuous growth trend, indicating sustained liquidity inflows into the derivatives market. The institution believes this trend supports the stability of Ethereum's uptrend rather than short-term volatility.

Gate News, March 17 – US crypto exchange spot market share has risen from 8% to 15% over the past year, with BTC on-chain liquidity deeper and growing faster than multiple offshore platforms. Data shows that improved institutional access, ETF demand, enhanced compliance, transparency, and operational resilience are the main reasons for the flow of market share back to US markets.

Gate News reported that on March 17, Mantle Vault completed its integration on Mantle Network, with technical support provided by AAVE and CIAN Protocol. This integration enables direct flow of CeFi liquidity to yields on the Mantle chain.

HIVE Digital is accelerating business restructuring, reducing bitcoin mining in Sweden and pivoting toward Canadian AI data centers and high-performance computing to address tax pressures and market volatility. The new business model will shift revenue generation from block rewards to computing power service fees to improve cash flow stability, though it also faces intensifying competitive challenges. This transformation reflects industry trend shifts and may reshape the profitability logic of the mining ecosystem.

Ethereum has declined 63% cumulatively in this cycle, reaching a low of $1,837, and is currently testing technical resistance levels. Price recovery is driven by options flow and gamma hedging, while fundamentals have not shown significant changes. ETF demand is recovering, but derivatives positioning continues to influence price action. Ethereum's movement has decoupled from traditional assets.

Gate News reported that on March 17, Strategy founder Michael Saylor stated that if AI compresses terminal value and makes all moats ephemeral, capital will flow toward assets that are not subject to disruption risk. He pointed out that Bitcoin is digital capital with scarce and neutral characteristics, unaffected by AI disruption. In this shift, BTC should be a major beneficiary.

The Seoul Central District Court in South Korea rejected a motion for a preliminary injunction filed by the Flow Foundation and Dapper Labs against three exchanges, supporting their termination of FLOW trading. The court determined that there was insufficient evidence and prioritized investor protection. FLOW remains tradable on Korbit, but has been delisted from the other three exchanges.

As the Federal Reserve is about to hold an FOMC meeting, liquidity in the U.S. private credit market is tight, with several funds restricting investor redemptions, potentially triggering a chain reaction and causing capital to flow out to more liquid assets such as Bitcoin and Ethereum. Market risks are increasing, and it is important to monitor the Fed's policy moves and shifts in capital flows.

As Middle East tensions escalate, researchers point out that Bitcoin's price drivers are shifting from traditional economic indicators toward geopolitical risks. Recently, Bitcoin has demonstrated strong performance among safe-haven assets, showing that investors are reassessing its role, with institutional capital continuing to flow in, reflecting recognition of Bitcoin as a holdable asset.

A Singapore court sentenced a man to two years imprisonment after he was convicted of involvement in a cryptocurrency theft case that resulted in approximately $6.9 million in losses. The case stemmed from hackers illegally accessing crypto wallets and transferring assets. Police successfully identified and arrested gang members by tracing the flow of funds. Law enforcement stated that cybercrime remains active in the digital asset sector, and countries are strengthening cooperation to enhance security measures.