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QCP Capital reported that U.S. stock markets extended declines following former President Donald Trump’s recent remarks, with the S&P 500 and Nasdaq dropping 2.7% and 3.8%, respectively, marking the largest single-day loss for the “Magnificent 7” tech stocks at over $830 billion. According to QCP, bearish sentiment at the start of the week surged as U.S. equities put option volumes hit their highest since 2020, driven by Trump’s Fox News interview where he downplayed recession risks, calling a potential downturn a necessary corrective measure. BTC/USD via Bitstamp 1H chart on March 11, 2025. QCP noted bitcoin’s role as a “pressure valve” for risk assets, with BTC briefly falling below $80,000 as investors sought put protection. However, early Asian trading revealed unexpected demand for longer-tenor call options, suggesting traders may be positioning for a rebound from the $75,000 support level seen pre-election. The firm emphasized bitcoin’s continued correlation with broader risk asset trends. Despite the equity rout, QCP observed that 10-year Treasury yields fell roughly 60 basis points, while the U.S. dollar weakened—a historically positive combination for USD-denominated risk assets like equities and crypto. Lower yields also eased borrowing costs for the U.S. government, which faces significant refinancing needs. QCP stressed concerns around Trump’s proposed tax cuts and expansionary fiscal policies, which could strain deficit projections. However, the firm noted that current yield levels provide temporary fiscal relief, creating a complex backdrop for investors navigating policy risks and market volatility. QCP Capital’s analysis paints a nuanced picture: While immediate risk-off moves dominate, shifting macroeconomic conditions and policy developments may recalibrate market trajectories in the coming weeks. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Circle has introduced an upgrade of its cross-chain transfer protocol, enabling the settlement of USDC transactions within seconds. Developers can now tap into the new version of the cross-chain transfer protocol for USDC ( USDC ) transfers that will settle in seconds, Circle said in an announcement . Circle achieves the enhanced CCTP v2 through two key features: Fast Transfer and Hooks. The new fast transfer feature will reduce USDC settlement times from as high as 15 minutes on Ethereum ( ETH ) and layer-2 networks to just seconds. CCTP v2 will offer this capability regardless of the transaction’s source blockchain. Apart from faster-than-finality settlement, v2’s Hooks feature also enhances composability for smart contracts. This means developers can automate post-transfer actions on the chain receiving the USDC transfer. “Traditional cross-chain flows are often riddled with additional trust assumptions, block-finality delays, and liquidity fragmentation,” Jonathan Lim, principal product manager at Circle, said. “CCTP V2 mitigates these issues, and paves the way for improved cross-chain USDC liquidity, enhanced cross-chain UX, and institutional-grade cross-chain infrastructure for crypto capital markets.” The upgrade to CCTP comes a few days after Circle added support for passkeys to its Modular Wallets, which the company said would help unlock a better transaction experience for USDC users. Passkeys allow developers to enable easy user onboarding and offer secure USDC transactions. The key improvement lies in enhanced authentication flows, the firm noted. According to Circle, CCTP v2 will still support the cross-chain transfer speeds for USDC currently available via CCTP v1. This Standard Transfer time allows transactions to settle according to the finality time of the given blockchain. v2 launches with initial support for the Avalanche, Base, and Ethereum networks. The company plans to expand the features to more chains. Meanwhile, Wormhole, Mayan, Interport, and Socket are among the top apps, bridges, and infrastructure platforms that have already integrated CCTP v2. Circle introduced its cross-chain transfer protocol in April 2023, and it has since gained adoption across the ecosystem. Integration across leading blockchain networks and protocols has contributed to its growth.

Crypto payments network Mesh has closed $82 million in a funding round led by venture capital firm Paradigm. Mesh said in a press release that it raised $82 million in its Series B funding round. Venture capital firm Paradigm led the financing round, which attracted the participation of Consensys, QuantumLight Capital and Yolo Investments, and brought the decentralized platform’s total raise to $120 million. The funding will go into expanding the payment network’s solution across the globe, with stablecoin adoption a major part of the company’s goal. Simply, Mesh plans to bring crypto payments and stablecoin settlements to any merchant, with the target being to make it easier for cryptocurrency holders to pay with any crypto, while merchants have the benefit of faster and seamless stablecoin settlements. In this case, a user can pay with Bitcoin ( BTC ), Ethereum ( ETH ) or Solana ( SOL ). Mesh’s technology will see the merchant receive the payment in a stablecoins such as PayPal USD ( PYUSD ). Payments will auto convert to the supported stablecoin. “Stablecoins present the single biggest opportunity to disrupt the payments industry since the invention of credit and debit cards, and Mesh is now first in line to scale that vision across the world,” Bam Azizi, chief executive officer and co-founder of Mesh, said. The crypto payments platform, founded in 2020, connects hundreds of exchanges, wallets and financial services providers. Its footprint in the ecosystem includes key partnerships with MetaMask, Shift4 and Revolut. Mesh has also partnered with India-based crypto exchange CoinCDX, crypto wallet Conio and Turkey-based crypto platform Paribu. In a notable development, Mesh’s funding round saw most of the VC injection settle in PayPal USD, the U.S. dollar-pegged stablecoin backed by PayPal and issued by Paxos. PYUSD offered the venture capital firms benefits of stablecoins, including instant settlement, transparency and 24/7 support. PayPal backed Mesh via a PYUSD investment in January 2024.

Lummis reintroduces Bitcoin Act legislation Cynthia Lummis, a pro-cryptocurrency U.S. Senator, announced via X that she has reintroduced a bill that formalizes the U.S. government's Bitcoin strategic reserve. Lummis said that Bitcoin ( $BTC ) is more than just a technological…

Amber Group moves 20K $ETH to exchanges On-chain analyst AmberCN reported via X that Amber Group transferred 20,000 ETH ($37.36 million) to centralized exchanges, including Binance, OKX and