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Crypto Market Rebounds, Funding Rates Indicate Easing Bearish Sentiment for ETH, BTC Funding Rates Remain Negative on Multiple Platforms

On March 31, according to Coinglass data, the crypto market rebounded, with Bitcoin currently priced at $68,171.00, reflecting a 24-hour increase of 2.34%; Ethereum is priced at $2,079.76, with a 24-hour increase of 3.53%. Current funding rates on major CEX and DEX platforms indicate that bearish sentiment for ETH has eased compared to previous levels, while BTC lags behind, with several platforms still showing negative funding rates, resulting in a clear divergence between the two. Specifically, the ETH funding rate has returned to the +0.0100% benchmark level on multiple platforms, significantly narrowing the overall bearish signal compared to earlier. For BTC, funding rates on platforms like Binance remain in the negative range, with shorts continuing to pay fees to maintain their positions; although some platforms have turned positive, they are all below the 0.005% threshold and have not yet returned to neutral. The funding rates for major cryptocurrencies are illustrated in the attached chart. Note from BlockBeats: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applicable to perpetual contracts. It serves as a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee. It adjusts the cost or profit of holding contracts for traders to keep contract prices close to the prices of underlying assets. A funding rate of 0.01% indicates the benchmark rate. When the funding rate exceeds 0.01%, it suggests a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.

Spot Gold Rises $100 in One Day

On March 31, it was reported that spot gold increased by $100 within the day, currently priced at $4611.12 per ounce, with a rise of 2.22%.

NFL Requests Kalshi and Polymarket to Remove Easily Manipulated Contracts, CFTC to Respect League's Opinion

On March 31, The Block reported that the National Football League (NFL) has sent a letter to prediction market platforms Kalshi and Polymarket, requesting them to "avoid offering contract trading related to events that are easily manipulated or predetermined." Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), stated that the regulatory body would leave ample room for the league's opinions. According to ESPN, the NFL specifically named the following categories of contracts in its letter: single-game events (such as whether a quarterback's first pass is incomplete or if a kicker misses a penalty kick), contracts related to draft positions and roster decisions, as well as contracts related to broadcast mentions or celebrity appearances. The league also raised concerns about markets related to point spreads and player injuries, arguing that these contracts could create incentives for manipulation. In an interview, CFTC Chairman Selig stated, "If a league tells us that a contract is easily manipulated, we will assess the risks involved. The league is well-suited to make these judgments." It remains unclear whether Kalshi and Polymarket plan to adjust their products; The Block has requested comments from both platforms and the NFL. On the legislative front, lawmakers have proposed a bipartisan bill aimed at prohibiting federally regulated prediction markets from offering sports-related contracts, while several states are challenging the legality of these platforms through judicial means. In contrast, earlier this month, Major League Baseball (MLB) reached a partnership with Polymarket and signed an information-sharing and internal risk monitoring agreement with the CFTC, opting for a collaborative rather than confrontational approach.

UK Investors Face Double Taxation on STRC; 21Shares ETP May Be a Better Alternative

On March 31, Strategy's preferred stock STRC was listed on the UK trading platform Trading 212 on March 30, with an annualized yield of approximately 11.5%. However, UK investors holding STRC directly may face significant tax burdens. In the US, STRC's monthly dividends are classified as Return of Capital (ROC) and are not subject to tax; however, UK brokers typically categorize them as foreign dividends, which are subject to income tax at marginal dividend tax rates—8.75% for basic rate taxpayers and up to 39.35% for higher earners. Additionally, capital gains tax (CGT) is applicable upon sale, resulting in an estimated actual net yield of only about 10%. Crypto analyst James Van Straten recommends that UK investors consider the 21Shares Strategy Yield ETP, listed on the Amsterdam and Paris exchanges, which has zero management fees and an accumulation structure that automatically reinvests earnings instead of cash distributions. This typically incurs only CGT upon sale, with no income tax burden, providing significantly better tax efficiency.

Apple Intelligence Mistakenly Launched in China, No Immediate Plans for Official Release

According to monitoring by 1M AI News, Bloomberg reporter Mark Gurman stated on X that Apple's AI feature, Apple Intelligence, was briefly available in the Chinese market due to a mistaken launch. Although the feature has been 'ready for months,' Apple has not yet received regulatory approval, and it has now been taken offline. Screenshots shared by the leak account @L0vetodream showed that a page for 'Apple Intelligence and Siri' briefly appeared in iPhone settings. Mark Gurman also mentioned that this mistaken launch is unrelated to the iOS 26.5 beta, and Apple has no plans for an official launch in the short term.

Cuba's Central Bank Authorizes Ten Companies to Use Cryptocurrency for International Payments

On March 31, it was reported that the Central Bank of Cuba (BCC) announced on March 23, 2026, in the Official Gazette, the first authorization for ten companies (nine small and medium-sized enterprises and one mixed enterprise) to use cryptocurrency for cross-border payments. The authorized companies span various sectors including information technology, catering, transportation, and industry, with a license valid for one year and eligible for renewal. Companies must conduct transactions through virtual asset service providers (PSAV) licensed by the BCC and report transaction details to the central bank on a quarterly basis.

Spot Gold Rapidly Rises, Surpassing $4,570

Spot gold has seen a short-term increase, rising by 1.3% and surpassing $4,570 per ounce.

US SOL Spot ETF Sees $6.1743 Million Net Outflow in One Day

According to SoSoValue data, the SOL spot ETF experienced a total net outflow of $6.1743 million in one day. Yesterday, only the Bitwise Solana Staking ETF (BSOL) saw a net outflow of $6.1743 million, bringing its historical total net inflow to $792 million. As of the time of this report, the total net asset value of the SOL spot ETF is $802 million, with a net asset ratio of 1.69%, and the historical cumulative net inflow has reached $979 million.

New Wallet Deposits $4.89 Million to HyperLiquid, Shorts 9,887 ETH at 20x Leverage

On March 31, according to OnchainLens monitoring, a newly established wallet deposited $4.89 million into HyperLiquid and shorted 9,887 ETH at 20x leverage. The position is valued at $20 million, with an opening price of $2,021.63 and a liquidation price of $2,466.02.

Wang Chun: Sold Pattaya Apartment Purchased for 2900 BTC in 2015 for 7 BTC

On March 31, Wang Chun, co-founder of F2Pool, stated, "In 2015, I purchased an apartment in Naklua, North Pattaya for 2900 bitcoins. This was the first property I ever owned. While many Chinese miners were still celebrating the early prosperity of the crypto market and had not yet faced the subsequent regulatory crackdowns, I experienced true freedom for the first time in Pattaya. It was also here that I personally built and launched our Zcash mining pool. Yesterday, I sold this apartment for 7 bitcoins."