Crypto Morning Brief: 20 Millionth Bitcoin Mined, Nasdaq Partners with Kraken's Parent Company

marsbitPublished on 2026-03-10Last updated on 2026-03-10

Abstract

Crypto Morning Brief: The 20 millionth Bitcoin has been mined, marking a milestone with 95.2% of the total 21 million BTC supply now in circulation. The remaining 1 million will take approximately 114 years to mine. In market developments, former U.S. President Trump commented on geopolitical tensions, warning Iran against disrupting oil flow through the Strait of Hormuz, threatening a severe U.S. response. Ethereum co-founder Vitalik Buterin disclosed that the Ethereum Foundation is staking 72,000 ETH using DVT-lite technology to promote distributed staking. Solana has partnered with Alibaba to establish the Solana Shanghai Builder Station, a developer hub in China. Major exchanges are expanding services: Coinbase launched crypto futures trading in Europe, and Nasdaq partnered with Kraken’s parent company, Payward, to develop infrastructure for tokenized equities. Corporate crypto holdings saw significant updates: Strategy increased its Bitcoin holdings to 738,731 BTC, while Sharplink reported holding 869,000 ETH, despite a net loss due to accounting adjustments. In funding news, Zcash Open Development Lab raised over $25 million in a seed round led by Paradigm, a16z crypto, and others. A security warning was issued for U盘版 OpenClaw hardware, which may pose asset risks due to excessive permissions. The article also includes recommended reads on oil price impacts, crypto valuation frameworks, Bitcoin network resilience, and regulatory shifts under the Tru...

Author: Deep Tide TechFlow

Yesterday's Market Dynamics

Trump Says War Is Largely Over

According to a social media post by a CBS White House correspondent on the afternoon of March 9th local time, during a phone interview, US President Donald Trump stated that the war might end very soon. Trump reportedly said, "I think this war is largely over, pretty much. They (Iran) have no navy, no communication systems, and no air force." Trump also reportedly said that this was "progressing much faster" than his initial estimated timeframe of 4 to 5 weeks. The reporter also stated that when asked about Iran's new Supreme Leader Mojtaba Khamenei, Trump said, "I have nothing to say to him, nothing at all." Trump claimed he "has someone in mind to succeed Khamenei" but did not elaborate further. Regarding the Strait of Hormuz, Trump pointed out that ships are now passing through, but he "is considering controlling it." Trump warned Iran: "They've fired everything they had, they better not try any tricks, otherwise this country is finished."

Trump: If Iran Blocks Oil Flow Through the Strait of Hormuz, They Will Face Twenty Times the Retaliation from the US

According to a Jin10 Data report, US President Donald Trump stated: If Iran does anything to block the flow of oil through the Strait of Hormuz, they will face retaliation from the US twenty times greater than the current level.

20 Millionth Bitcoin Mined

According to CloverPool Bitcoin explorer data, the 20 millionth Bitcoin has been mined. This means that 95.2% of the total supply of 21 million BTC has been mined, leaving only 1 million to be mined over the next 114 years.

SlowMist CISO: USB Drive Version of OpenClaw Poses Asset Security Risks

SlowMist Chief Information Security Officer 23pds (@im23pds) issued a security reminder, "USB drive versions of OpenClaw have appeared on Taobao and Xianyu, claiming that users can configure models plug-and-play after purchase. However, OpenClaw has excessive permissions, and malicious Skills are difficult for ordinary users to identify, which can easily cause capital losses."

Vitalik: Ethereum Foundation is Staking 72,000 ETH Using DVT-lite Technology

Ethereum co-founder Vitalik Buterin disclosed on social media that the Ethereum Foundation is staking 72,000 ETH using DVT-lite technology.

Vitalik stated that the project's goal is to enable institutions to conduct distributed staking in the simplest, one-click manner. Users only need to select the computers to run the nodes, create a configuration file for all nodes to use the same key, and then all settings will be completed automatically. He stated that he plans to use this solution soon and hopes more institutions holding ETH will adopt this method for staking to achieve a highly distributed node permission setup.

Solana and Alibaba · Shanghai Hongqiao Alibaba Center Jointly Establish Solana Shanghai Builder Station

Recently, Solana and Alibaba · Shanghai Hongqiao Alibaba Center reached a cooperation to jointly establish the Solana Shanghai Builder Station. Supported by relevant government units in Minhang District, Shanghai, this station will serve as a long-term exchange and incubation platform for blockchain technology developers and researchers, dedicated to creating an innovation hub integrating technological co-creation, industry对接, and international links. The project is located in the core area of the Hongqiao International Open Hub, leveraging the mature industrial配套 and spatial resources of the Shanghai Hongqiao Alibaba Center to form an innovative synergy model of "International Technology Ecosystem × Local Industry Carrier".

The Solana Shanghai Builder Station will officially open on March 20th from 10:00 to 18:00. Shanghai municipal government leaders will deliver speeches. Ecosystem projects such as Solana Company, Kamino, Chainbase, Magicblock, DoubleZero, Huma Finance, BONK, LIFI, and Neutral Trade will also participate. On-site activities will include raffles for SafePal x Solana co-branded hardware wallets, Moonbirds, Orca, PopX, Perena, and more.

Coinbase Announces Launch of Crypto Futures Trading Services in Europe

Coinbase announced the launch of crypto futures trading services in Europe, gradually opening to users in 26 countries, including markets such as Germany, France, and the Netherlands. The product is offered through its MiFID-compliant entity. Users can trade crypto assets like BTC and SOL, as well as stock index futures, on the Coinbase Advanced platform. The platform also offers long-term futures contracts (with a term of approximately 5 years) with a structure similar to perpetuals, with some products supporting up to 10x leverage.

Nasdaq Announces Partnership with Kraken's Parent Company to Advance Stock Tokenization Infrastructure

According to a report by The Block, Nasdaq and Kraken's parent company, Payward, announced a partnership to jointly develop infrastructure connecting the tokenized stock market with decentralized blockchain networks, marking one of the most representative collaborations to date between traditional finance and the crypto industry in the field of tokenized securities.

The two parties plan to build a system called the "Equities Transformation Gateway," which will allow tokenized stocks to flow freely between regulated capital markets and decentralized blockchain ecosystems.

Strategy Increases Holdings Again by 17,994 Bitcoin, Total Holdings Reach 738,731

According to a post on Strategy's official X account, the company recently increased its holdings by 17,994 Bitcoin at a total price of approximately $1.28 billion, with an average price of about $70,946 per coin.

As of March 8, 2026, Strategy累计 holds 738,731 Bitcoin, with a total holding cost of approximately $56.04 billion and an average holding cost of about $75,862 per coin.

Sharplink Releases Full Year 2025 Financial Report: ETH Holdings Reach 869,000, Net Loss of $734.6 Million

According to a Globe Newswire report, Ethereum treasury platform Sharplink, Inc. (Nasdaq: SBET) released its full-year financial report for 2025 on March 9, 2026.

Core Data:

  • As of March 1, 2026,累计 holds 869,000 ETH, becoming the world's second-largest publicly listed ETH holding institution
  • Total revenue for full year 2025 was $28.1 million, a significant increase from $3.7 million in 2024
  • Q4 staking revenue reached $15.3 million, a nearly 50% increase quarter-on-quarter
  • Since June 2025,累计 received staking rewards of 14,516 ETH
  • ETH per share concentration doubled from 2.0 to 4.01
  • Institutional ownership ratio大幅 increased from about 6% to 46%

Financial Note: The net loss of $734.6 million in 2025 was primarily due to an unrealized loss of $616.2 million resulting from the decline in ETH market value and a $140.2 million impairment of LsETH, both accounting treatments that do not affect the actual number of ETH holdings.

Zcash Open Development Lab Completes Over $25 Million Seed Funding Round

According to an official announcement, ZODL was founded by former ECC CEO Josh Swihart and received investment from top-tier institutions including Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, and others. Its privacy wallet, Zodl (formerly known as Zashi), since its launch in 2024, has driven growth of over 400% in Zcash privacy pools, facilitating累计 over $600 million in ZEC transactions.

Market Dynamics

Recommended Reading

Oil Prices Break $100: Who is Harvesting the 'War Dividend'?

This article analyzes the global chain reaction triggered by the surge in oil prices, with far-reaching impacts from the energy market to the financial sector, while also driving a re-evaluation of alternative energy and industrial structures. The Strait of oil运输 due to the war in the Middle East's Strait of Hormuz pushed oil prices above $100, leading to rising global petrochemical product prices. The long-term effects of the oil price surge include changes in利益分配 within the industry chain and adjustments to risk assessment methods.

How to Precisely Value Cryptocurrencies?

This article explores in detail how to build a valuation framework adapted to the characteristics of tokens, analyzes common misconceptions in token valuation, and proposes a valuation method centered on Enterprise Value/Holder Revenue. Combined with the impact of the balance sheet and actual business costs, it provides a more accurate valuation approach.

Cambridge Study: Subsea Cable Outages Have No Effect on Bitcoin, Cloud Service Centralization is the Real Risk

This article discusses how subsea cable failures have minimal impact on the Bitcoin network, but centralized cloud service providers may pose a greater risk. The research analyzes the distribution and network resilience of Bitcoin nodes, pointing out that coordinated actions targeting cloud service providers could cause connectivity disruptions. Nevertheless, the Bitcoin network has shown strong adaptability under pressure, and censorship pressure has反而 promoted the adoption of anti-censorship infrastructure, enhancing the network's robustness.

Investment Analysis: BitMine's 5% Ethereum Ambition and 'Moonshot' Bet

This article provides an in-depth analysis of the investment strategy, financial situation, valuation possibilities, and potential risks surrounding Ethereum (ETH) undertaken by BitMine. The article compares BitMine to "the Berkshire Hathaway of the blockchain world," detailing its business model centered on holding and staking Ethereum, its asset allocation methods, and strategic investment plans.

SEC Drops Case, CZ Pardoned, Justin Sun Settles: Trump's Crypto Business is Booming

This article describes the changes in US crypto regulatory policies during the Trump administration and their impact, particularly the benefits for crypto projects associated with Trump and the stablecoin economy. Through specific data and events, the article shows how the policy shift brought economic benefits to Trump's private projects while also impacting the overall US crypto market.

Related Questions

QWhat significant milestone was achieved in Bitcoin mining according to the article?

AThe 20 millionth Bitcoin was mined, meaning 95.2% of the total 21 million BTC supply has been issued.

QWhich major financial exchange announced a partnership with Kraken's parent company, and for what purpose?

ANasdaq announced a partnership with Payward (Kraken's parent company) to develop infrastructure connecting tokenized stock markets with decentralized blockchain networks, specifically an 'Equities Transformation Gateway'.

QWhat technology is the Ethereum Foundation using to stake 72,000 ETH, as stated by Vitalik Buterin?

AThe Ethereum Foundation is using DVT-lite technology to stake 72,000 ETH, aiming to enable simple, one-click distributed staking for institutions.

QWhich company reported holding 738,731 Bitcoin with an average cost of $75,862 per coin?

AStrategy reported holding 738,731 Bitcoin with a total cost basis of approximately $56.04 billion and an average cost of $75,862 per coin.

QWhat was the primary reason for Sharplink's reported net loss of $734.6 million in 2025?

ASharplink's net loss was primarily due to $616.2 million in unrealized losses from ETH's price decline and a $140.2 million impairment of its LsETH position, which are accounting treatments and do not affect the actual number of ETH held.

Related Reads

VCs on 2025 Crypto Investments: 84% of 118 Tokens Break Issue Price, Only One Type of Company is Quietly Making Money

Crypto investor Ching Tseng categorizes the market into four quadrants based on two axes: crypto-native vs. traditional finance (TradFi)-oriented, and having traction vs. no traction. In 2025, 84.7% of 118 tracked token launches fell below their issuance price, with a median fully diluted valuation drop of 71%. Crypto-native projects without traction are experiencing massive capital destruction, often relying on speculative narratives without sustainable revenue or user retention. Crypto-native teams with traction, often built in prior cycles, generate real revenue but face structural challenges with their tokens lacking direct value capture mechanisms. While some have implemented successful buyback programs, the core issue remains finding growth beyond crypto volatility. TradFi-oriented startups without traction face long, costly enterprise sales cycles but benefit from a robust M&A environment, with crypto acquisitions reaching a record $8.6 billion in 2025. The current winners are TradFi-oriented companies with traction, particularly in the Real World Asset (RWA) tokenization space, which grew from $5.5B to $18.6B in 2025. They are winning through enterprise sales, building alliances, and improving unit economics on established compliance stacks. Their main risk is being bypassed by large incumbent institutions building their own infrastructure. The overarching theme is market maturation, where narrative alone is insufficient for long-term success.

marsbit23m ago

VCs on 2025 Crypto Investments: 84% of 118 Tokens Break Issue Price, Only One Type of Company is Quietly Making Money

marsbit23m ago

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What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

363 Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

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