U.S. Senate Banking Committee Chair Tim Scott stated at the Washington Blockchain Summit that the crypto market structure legislation is making progress, and a draft related to stablecoin yields is expected this week. He emphasized that stablecoin issues are a key topic, with ongoing discussions, and other unresolved issues are also under negotiation. The overall situation is looking favorable.

On Polymarket, two accounts invested $23,800 betting that Kevin Warsh has no chance of being confirmed by the Federal Reserve, with current odds at 94%. If not confirmed by the Senate, the bet will settle otherwise. Powell faces investigation but is steadfastly refusing to resign, and key senators have indicated they will reject any new nomination.

As the 2026 U.S. election cycle progresses, the Illinois Democratic primary for Senate has become a crucial battleground for the crypto industry. The competition between candidates Juliana Stratton and Raja Krishnamoorthi reflects intense clashes over crypto industry funding and policy support. Multiple sources of funding are attempting to shape a favorable regulatory environment, while also raising concerns about the democratic process. As voting approaches, the market is watching the impact of crypto capital on election outcomes and potential shifts in future policy direction.

The 360 security team responded to the incident involving the leak of Longxia wildcard certificates and private keys, stating that due to operational errors, internal certificates were mistakenly included in the installation package. The leaked certificates are only for local use, have been revoked, and pose limited actual risks, with no impact on regular users.

Bitcoin surged during Asian early trading, breaking through $75,000 and reaching new highs, with gains extending to an eighth consecutive trading day, signaling recovery in market sentiment. Declining exchange inflows and heightened whale trading activity reinforce the upward momentum. Capital is shifting from gold to Bitcoin, though macro uncertainty remains. $75,000 has become key support, and future trends face testing.

TRUMP Coin is experiencing capital concentration into major holders ahead of an upcoming offline dinner event, with addresses holding over 1 million yuan increasing to 83, driving a 36% price surge. Whales are participating in pushing the price higher, while short-term volatility remains elevated, though some investors are choosing to sell at peak levels. Analysts believe that if the price breaks through key resistance levels, it could rally further; otherwise, a pullback may occur.

On March 17, XRP's price surged to $1.53, up 11% for the week, reclaiming the fourth position by market cap with a total market capitalization of approximately $93.4 billion. Trading volume and derivatives market activity are robust, with open interest reaching 3.53 billion contracts, reflecting increased market participation but also heightened volatility risks. Key near-term observation lies in the $1.50 to $1.60 range, with price performance set to influence subsequent trends.

On March 17, Bitcoin tested the 75,000 US dollar level driven by short liquidations, briefly reaching 75,653 US dollars before retreating. This rally was accompanied by massive liquidations totaling approximately 609 million US dollars in 24 hours, with shorts accounting for a significant proportion. Market sentiment has recovered somewhat, with capital inflows into spot demand and ETF support driving Bitcoin's rally. Future price movements will be influenced by sustained capital inflows and macroeconomic data.

The Solana Foundation has launched Tokens on Solana, a token search and liquidity aggregator that consolidates various token variants of non-native assets, offering a one-stop search function and key data to help users identify the best trading opportunities. Additionally, it will utilize AI and manual curation to publish global news.

Bitcoin broke through $75,000 on March 17th, primarily driven by the derivatives market. A large number of short position closures and hedging adjustments by market makers pushed prices higher. The market rally was mainly fueled by shorts exiting rather than new long positions entering. Overall cryptocurrency asset performance has warmed up, but the sustainability of the rally will depend on monitoring capital inflows.