Crypto Data and Research Reports

The global payments system is transforming as banks adopt the ISO 20022 messaging standard to enhance efficiency and data richness in transactions. SWIFT's migration timeline aims for widespread adoption by 2025, affecting international transfers. Concurrently, blockchain networks are aligning with this new standard, promoting interoperability with traditional finance systems.

As the Bitcoin network user base grows, the number of non-empty wallets reaches a record high, while Bitcoin reserves on centralized platforms drop to the lowest level since 2017. This indicates a shift in investor behavior, with more users choosing self-custody, reducing reliance on centralized platforms, and enhancing fund security. Analysts believe this is a positive signal for the long-term development of the Bitcoin ecosystem.

Pi Network is currently undergoing mainnet upgrades and AI computing capability testing, exploring the integration of blockchain and distributed AI. Nodes need to upgrade to version 20.2 by March 12. Testing shows that nodes can participate in AI tasks, and in the future, they may earn token rewards by providing AI computing power. Despite challenges such as KYC verification delays, Pi Network is expected to become a decentralized AI computing network.

Ethereum co-founder Vitalik Buterin calls on developers to focus on privacy infrastructure, layer-two scaling technologies, and artificial intelligence applications to drive Ethereum's innovation. In the face of fierce blockchain competition, he emphasizes that important technological experiments should be integrated into the mainstream ecosystem to protect user data and enhance network performance.

The US-based Ethereum ETF spot funds attracted $169 million in net inflows on Wednesday — the highest in two months, according to data from SoSoValue. The new capital influx indicates that institutional investors' interest in Ethereum is gradually returning, even as the financial market t

CryptoQuant report shows that Bitcoin remains in a bear market even after a brief surge above $74,000, with a bull market score of only 10 points. Despite the rebound, multiple pressures (such as macro uncertainties and weakening momentum) make sustained upward movement difficult. Additionally, the Coinbase premium turning positive indicates a demand resurgence, suggesting a shift in market momentum, but it still requires observing the index's recovery to confirm a trend reversal.

The blockchain data analysis platform Santiment pointed out that the discussion heat about "Altcoin Season" has dropped to a historic low, which may indicate that the altcoin market is about to start. Low discussion frequency in the market is often accompanied by cooling retail investor sentiment, and large funds may begin to position themselves. Although Bitcoin has been under pressure recently, if the macro environment improves, the low enthusiasm could create opportunities for small-cap cryptocurrencies to rebound.

Ethereum has recently shown weak rebounds, falling back 6% after touching $2200. Geopolitical tensions and weak stock markets have intensified market risk aversion, leading to insufficient bullish demand and a decline in on-chain activity. Despite the current challenges, Ethereum still holds an advantage in the blockchain space, with institutional funds favoring its ecosystem. If market sentiment recovers to $2400, it will be beneficial for a rebound in the future.

Although Ethereum's price rebounded by 22%, it remains relatively weak due to macroeconomic factors. Weekly DEX trading volume dropped to $12.6 billion, and DApp revenue decreased by 47%. Ethereum dominates the total locked value, with a mainnet TVL of $55.4 billion, indicating institutional investor preference.

Iran's Bitcoin mining activities are controlled by the Islamic Revolutionary Guard Corps, with most cheap electricity providers being affiliated with the government. In the context of low-cost mining, many Chinese miners have entered the market but face high risks, often ending in losses. After airstrikes, the Central Bank of Iran banned individual cryptocurrency transactions, but the public still relies on crypto assets due to the devaluation of the local currency, leading to a surge in withdrawal volumes that cannot be executed due to network outages.

PANews March 6 News, according to Cointelegraph, Santiment data shows that the number of non-zero Bitcoin wallets has reached a record high, while the Bitcoin supply on exchanges has dropped to the lowest level since December 2017. This trend indicates that Bitcoin adoption is increasing, with more investors choosing to store assets in offline wallets.

Bitcoin recently experienced a brief rebound to $74,000, but analysts believe this is only a temporary correction within the bear market. Market indicators still show that it remains in a deep bear market, and although some on-chain data suggest capital is flowing back, market momentum is unstable and may remain volatile in the short term.

Chainalysis reports show that in 2025, addresses related to Iran and its Revolutionary Guard received over $3 billion in illegal crypto assets, aiding in funding terrorist organizations and illegal transactions. After the US-Israel coalition airstrikes, approximately $10.3 million quickly flowed out of Iran, indicating capital flight. The report points out that multiple countries such as Russia, North Korea, and Venezuela are also using cryptocurrencies to evade sanctions, demonstrating the challenges faced by traditional sanctions.

Short-selling firm Culper Research publicly shorted Ethereum (ETH) and BitMine (BMNR), accusing the Ethereum Fusaka upgrade of causing transaction fees to plummet by 90%. The firm warned that the risk of a "death spiral" is increasing and questioned the sustainability of Ethereum's economic model. Culper cited Vitalik's recent sale of 20,000 ETH, indicating the founder's negative outlook on the current situation, and challenged the interpretation of active address growth, suggesting it may be the result of address poisoning attacks.

BlackRock CEO Larry Fink pointed out that there are many intermediaries and complex processes in financial services, and digital assets can reduce transaction costs and frictions. He mentioned that tokenizing all assets will simplify the investment process, improve liquidity, and facilitate investment convenience.

ChainCatcher News, according to PRNewswire, the Nasdaq-listed Ethereum treasury company Bit Digital released a holdings update report. As of today, the company's Ethereum holdings have increased to 155,434.4 ETH, valued at approximately $305.4 million, with an average purchase price of $3,045. Additionally, the company disclosed that as of today, a total of 138,2696 ETH have been staked, accounting for about 89% of its total holdings, generating approximately 313.9 ETH in staking rewards.

PANews March 6 News, Glassnode posted on X platform analyzing that the outflow trend of Bitcoin spot ETF funds has stabilized. The 14-day net flow trend has turned upward, indicating that as Bitcoin breaks through $70,000, selling pressure is easing. Institutional demand remains in a tentative stage, but early signs of reaccumulation are beginning to appear.

From 01:30 to 01:45 (UTC) on March 6, 2026, ETH achieved a return of +0.99% within 15 minutes, with a price range of 2065.42 to 2088.57 USDT, and an amplitude of 1.12%. The volatility during this window was significantly higher than the daily average, increasing short-term market attention. Liquidity was relatively low, and some large transactions drove the trading volume upward. The main driver of this abnormal movement was the concentrated inflow of whale funds into decentralized exchanges and large transfers. On-chain monitoring detected multiple large ETH fund inflows into DeFi protocols and trading platforms, effectively pushing

Bitcoin failed to continue its rebound, with the price around $70,810. Negotiations on the U.S. Digital Asset Market Structure Act have stalled, with banks opposing the approval of stablecoin yield products. Russia plans to introduce an independent stablecoin bill to legalize the related industry. Market conditions are affected by geopolitical tensions, with rising oil prices raising concerns and further impacting inflation and trade.

Short-selling firm Culper Research announced that it is shorting Ethereum and related securities, believing that the Fusaka upgrade in 2025 will harm the ETH tokenomics model. The upgrade resulted in a larger-than-expected decrease in Gas fees, and on-chain data shows that the growth in active addresses and transaction volume is driven by low-value transactions. Culper believes Vitalik is aware of this and will continue to sell ETH, expecting ETH prices to decline further.