A "buyback wave" has swept the crypto industry

A "buyback wave" has swept the crypto industry, with 15 projects including Aave, Arbitrum, and Movement announcing token buyback plans

A "buyback wave" is rolling through the crypto industry, with 15 projects, including Aave, Arbitrum, and Movement, announcing token buyback plans, ranging in size from millions to tens of millions of dollars.

As reported by Wu Blockchain, the sources of buyback funds vary by project. For example, Aave plans to use a portion of protocol income to buy back A tokens, while Arbitrum intends to confiscate IRON tokens from the exploiter and use the funds for buybacks. An industry fund is also planning to spend tens of millions of dollars to buy back and burn tokens for several projects, including AAX, Anyswap, and Blocklink.

This move not only serves as a stopgap measure to save the market in the short term but is also an important strategic layout for projects to reshape the token economy and give long-term value.

In other news, Immutable has received a notice of termination of the SEC investigation, bringing a clear signal of regulation to the Web3 gaming industry. The SEC's investigation into Immutable and related parties began in March 2023, focusing on whether Immutable's activities violated U.S. securities law.

At the same time, the U.S. SEC cryptocurrency working group will hold four new roundtable meetings from April to June 2025 to discuss key topics such as crypto trading, custody, asset tokenization and DeFi.

As for Bitcoin, its price movements continue to show a trend that is highly correlated with the U.S. stock market, with volatility remaining several times higher than that of U.S. stocks.

Investors on both sides are focusing on the Fed's expectations of rate cuts. Analyst Daan Crypto Trades pointed out that Bitcoin is still trading at a solid premium, and if it can maintain this level and slowly recover to more than $90,000, it is expected to create a new high.

The Greeks.live community briefing shows that the market is divided on the trend of cryptocurrencies. Some investors believe that it is suitable to buy on dips, while short sellers expect Bitcoin to fall to the $84,500 range.

In the regulatory field, the SEC announced that it will hold four roundtable meetings from April to June 2025, covering key topics such as crypto trading, custody, asset tokenization and DeFi. Commissioner Hester Peirce called this move a "spring sprint to crypto clarity," showing that regulators are shifting from an enforcement orientation to a constructive dialogue.

It is worth noting that traditional financial institutions are increasingly accepting Bitcoin, and the GameStop board of directors has unanimously approved an update to its investment policy to include Bitcoin as one of the company's reserve assets. At the same time, the Oklahoma House of Representatives passed the Strategic Bitcoin Reserve Act, further demonstrating the recognition of Bitcoin by institutions and governments.

In addition, Ripple reached a preliminary settlement agreement with the SEC, and the SEC agreed to refund a $75 million fine, marking the end of the long-term legal dispute between the two parties.

At the macro level, the market generally expects the Fed to shift from quantitative tightening (QT) to quantitative easing (QE), which may inject new liquidity into the financial market. However, Benjamin Cowen, CEO of crypto research firm IntoTheCryptoVerse, reminded that quantitative tightening has not completely ended, but has only reduced its scale from $60 billion per month to $40 billion.

Furthermore, Goldman Sachs' latest report warned that Trump's upcoming reciprocal tariff policy may cause the market to experience "first collapse and then stability" and violent fluctuations, and the actual tax rate may be twice as high as market expectations.

Key Data (as of 13:30 HKT on March 26)

Bitcoin: $87,346.87 (-6.65% year-to-date), daily spot volume $28.634 billion

Ethereum: $2,055.65 (-38.48% year-to-date), with a daily spot volume of $11.309 billion

Fear of corruption index: 47 (neutral)

Average GAS: BTC 1.4 sat/vB, ETH 0.36 Gwei

Market share: BTC 60.7%, ETH 8.7%

Upbit 24-hour trading volume ranking: MOVE, XRP, LAYER, BTC, CRO

24-hour BTC long-short ratio: 1.0496

Sector ups and downs: Meme sector rose 4.74%, Layer2 sector rose 4.62%

24-hour liquidation data: A total of 78,970 people