Gate Research: Ethereum Supply on CEX Drops to Lowest Level Since 2015; Pump.fun Launches Native DEX 'PumpSwap'
Gate Research: Ethereum Supply on CEX Drops to Lowest Level Since 2015; Pump.fun Launches Native DEX 'PumpSwap'
Gate Research Daily Report: On March 21, Gate Research reported that Bitcoin fell 1.62% to $84,621, while Ethereum dropped 2.67% to $1,982. Bitcoin's short-term circulating supply plummeted over 50%, with daily exchange inflows down 54% as well. Meanwhile, Ethereum's balance on centralized exchanges has dropped to 8.97 million ETH. In macro news, Tether has emerged as one of the top seven holders of U.S. Treasury bonds, overtaking both Hong Kong and Canada. On the product side, Pump.fun launched its native decentralized exchange, PumpSwap. The U.S. SEC also clarified its stance on Proof-of-Work (PoW) mining, confirming that such activities do not involve the issuance of securities. In the Middle East, the Dubai Land Department has kicked off a real estate tokenization initiative.
- Market Analysis: Bitcoin fell 1.62% to $84,621, while Ethereum dropped 2.67% to $1,982.
- Top Performers: The Liquid Staking Tokens, Oracle, and Centralized Exchange (CEX) Token sectors posted gains of +7.0%, +6.1%, and +1.2%, respectively.
- Data Highlights: The amount of Ethereum held on CEX has dropped to 8.97 million ETH—its lowest level since 2015.
- Spotlight Analysis: The SEC clarified its stance on PoW mining, stating it does not classify mining activity as a securities offering.
- Market Opportunities: Chronicle Protocol offers a cutting-edge oracle solution for blockchain ecosystems. Its reward system, Chronicle Points, will soon be convertible at a 10:1 ratio into the native $CLE token.
Explore today's details → Gate Research: Ethereum Supply on CEX Drops to Lowest Level Since 2015; Pump.fun Launches Native DEX 'PumpSwap'
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