Crypto Morning Brief: Dogecoin Foundation Launches $DOGE Reserve, Nillion Alpha Announces Mainnet Now Live
TechFlow Selected TechFlow Selected
Crypto Morning Brief: Dogecoin Foundation Launches $DOGE Reserve, Nillion Alpha Announces Mainnet Now Live
Ethereum posted its worst performance in Q1 2025, with negative returns for three consecutive months.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
S&P 500 Reclaims 200-Day Moving Average, Bitcoin Breaks Key Resistance Level
According to CoinDesk, the S&P 500 index broke above its 200-day moving average (200 DMA) on March 24, signaling a potential long-term bullish trend and providing positive momentum for Bitcoin (BTC).
The S&P 500 rose 1.7% on Monday, continuing last week’s upward momentum and surpassing the average closing price over the past 200 trading days—a key technical benchmark. After experiencing a prolonged 10% correction over several months, this breakout may mark the end of the market’s corrective phase. The 200-day moving average is widely regarded as a critical indicator for assessing overall market trends and potential turning points.
Bitcoin has recently mirrored the S&P 500’s trajectory. After breaking above its own 200-day moving average at $85,046 over the weekend, BTC is now trading above $88,000. The next major resistance level lies at $93,245, which corresponds to the on-chain average cost basis for short-term holders.
Analyst: BTC Must Surpass $90K to Exit Consolidation Phase
According to Cointelegraph, crypto market analyst Daan Crypto Trades stated on social media platform X that Bitcoin must reclaim the $90,000 mark to exit its current consolidation period. The analyst noted that since March 11, Bitcoin’s price action has been volatile without forming a clear directional trend on the daily chart.
Daan Crypto Trades emphasized that only when Bitcoin re-enters the previous range above $90,000 will market sentiment and momentum shift decisively in favor of bulls, potentially paving the way for new all-time highs. Failure to break through could lead to a retest of support between $73,000 and $74,000.
Dogecoin Foundation Launches New Business Arm with DOGE Reserve, Buys 10M DOGE
According to The Block, the Dogecoin Foundation has established an "official Dogecoin reserve" through its newly formed commercial division, purchasing 10 million DOGE (~$1.8 million) at current market prices. DOGE surged 6% following the announcement.
This initiative is part of a collaboration between the Foundation and House of Doge, which became the official commercial partner after signing a five-year agreement in February. The DOGE reserve serves as a proof-of-concept to demonstrate Dogecoin’s viability for fast and seamless transactions.
"The launch of the Dogecoin reserve is a significant step toward House of Doge’s vision of making Dogecoin a fast and reliable payment option for businesses and consumers," the announcement said. "Through innovative technology, merchants can instantly accept Dogecoin payments at checkout—eliminating typical blockchain confirmation delays—while delivering trust levels comparable to traditional payment methods."
The announcement added that House of Doge will reveal its first strategic partners in the coming months to showcase real-world applications of Dogecoin as a global payment solution. Additionally, the Dogecoin Foundation plans to collaborate with "major sporting events" to promote DOGE adoption and focus on educating users about self-custodied Dogecoin wallets.
White House Pushing Stablecoin Bill for Senate Review Next Month
According to Crypto In America, the White House is pressuring Congress to pass stablecoin legislation within two months and send it to the President for signing.
The GENIUS Act, a stablecoin bill proposed by Senator Hagerty, is set for a key Senate review next month. It previously passed the Senate Banking Committee on March 13 by a vote of 18–6.
CoinRegTech Submits Regulatory Recommendations to SEC’s Crypto 2.0 Working Group
CoinRegTech has submitted several regulatory recommendations to the SEC’s Crypto 2.0 Working Group:
-
The SEC should clarify that trading of digital asset securities—whether “on-chain” or “off-chain”—must adhere to the same trade reporting requirements as traditional securities.
-
The SEC should address investor protection and market structure concerns related to digital asset securities facilitated via off-chain trades on exchanges.
-
The SEC should amend the Exchange Act rules to require timely reporting of all transactions deemed digital asset securities.
-
The SEC and CFTC should jointly authorize and oversee a Digital Asset Transaction Repository (“DART”). DART would record all transactions—including those submitted to public ledgers and off-chain trades—as well as associated customer ownership, regardless of whether the digital asset is classified as a “security” or “commodity.”
The submission responds to the SEC’s public call for input from its Crypto 2.0 Working Group, aiming to advance investor protection, legal clarity, and financial innovation.
Source: World Network in Talks with Visa Over Stablecoin Payment Wallet Partnership
According to CoinDesk, sources revealed that World Network—the company founded by OpenAI CEO Sam Altman—is in discussions with Visa to develop a stablecoin-powered payment wallet. The goal is to integrate Visa card functionality into the World Network wallet, enabling a suite of fintech and foreign exchange apps, fiat on/off ramps, and stablecoin-based payments to thousands of merchants across the global Visa network.
Nillion Alpha Announces Mainnet Is Now Live
Privacy-focused secure computing network Nillion announced that the Nillion Alpha mainnet is now live.
Berachain Launches “Proof-of-Liquidity” System, Kicking Off On-Chain Governance Phase One
According to The Block, Berachain—an EVM-compatible Layer 1 blockchain—launched its Proof-of-Liquidity (PoL) system today, marking the beginning of its first phase of on-chain governance. The PoL system aims to distribute Berachain’s governance token BGT to decentralize governance. Initial implementation will target specific DeFi liquidity pools, with developers planning to expand reward vaults beyond initial DEX pools.
Berachain’s PoL model incentivizes users to provide liquidity to the network while keeping their assets usable. Unlike traditional proof-of-stake (PoS) blockchains that lock up tokens, Berachain rewards users who stake assets in DeFi liquidity pools with governance tokens (BGT). Validators then leverage delegated BGT to increase their influence in consensus, tightly linking network security (via validators) with ecosystem liquidity.
Insider: CZ Attends Closed-Door Event in Hong Kong Today
According to MetaEra citing insiders, Binance founder Changpeng Zhao (CZ) attended a closed-door event in Hong Kong today. The high-profile gathering was limited to 40 invited guests.
Recently, the Hong Kong Special Administrative Region government has actively promoted the development of the Web3 industry, introducing a series of innovative policies and regulations. This has attracted numerous international leading companies to establish Asia-Pacific headquarters in the city and inspired many entrepreneurs to pursue opportunities there. Hong Kong is gradually emerging as a major global hub for Web3 innovation.
Ethereum Posts Worst Q1 Performance in History, Three Consecutive Months of Negative Returns
According to Coinglass data, Ethereum experienced its weakest first quarter since records began in 2017, posting negative returns for three consecutive months:
-
January: -1.28% (historical average: +20.63%, median: +31.92%)
-
February: -31.95% (historical average: +11.68%, median: +8.78%)
-
March: -10.16% (historical average: +19.55%, median: +9.96%)
This marks the first time since Ethereum’s inception that Q1 has seen three straight months of losses. Comparing with previous years’ Q1 performances:
-
2024: Two gains, one loss (-0.13%, +46.28%, +9.33%)
-
2023: All positive (+32.44%, +1.26%, +13.46%)
-
2022: Two gains, one loss (-26.89%, +8.78%, +12.2%)
-
2021: All positive (+78.51%, +8.41%, +34.74%)
Market Data
Recommended Reading
Rapid Meme Coin Surge, AI Recovery—Is Solana’s Meme Bull Run Back?
This article discusses recent hot topics in the cryptocurrency market, including the recovery of major cryptocurrencies such as BTC and SOL, and the performance and trends of meme coins—particularly the resurgence of meme coins on the Solana chain. It also covers the rebound of AI-related meme coins and analyzes their dissemination patterns and market sentiment.
Is Ethereum Fading? With PVP Dominant, I Miss the Summer of 2020
This article explores the current challenges facing Ethereum, shifts in community attitudes toward Vitalik, and the broader state of industry development. It analyzes Ethereum’s upcoming technical upgrades (Pectra upgrade) and their potential impacts, pointing to industry-wide uncertainty and lack of innovation, while expressing cautious optimism about Ethereum’s future.
This article provides an in-depth analysis of Binance Research’s report on crypto airdrops, examining the current state, challenges, and improvement directions. It explores the evolution of airdrops from simple token distribution to complex incentive mechanisms and summarizes potential future trends.
Paradigm: 5 Key Tips for Hiring a BD Lead in Crypto Projects
This article discusses essential advice for hiring a business development (BD) lead in crypto projects, highlighting the crucial role of BD leads in driving growth, building partnerships, and optimizing distribution strategies. It also analyzes optimal timing, required skill sets, and methods for measuring BD performance.
This article focuses on the decentralized blind computation network Nillion, exploring its operational logic, ecosystem dynamics, and future prospects. Leveraging innovative privacy computing technologies, Nillion offers robust privacy protection solutions for the Web3 ecosystem and shows broad application potential across AI, DeFi, and healthcare sectors.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
