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## Crypto Daily Digest: Ethereum spot ETF suffered net outflow for 12 consecutive days, Sonic Network TVL exceeded $850 million
On March 21, according to Farside Investors monitoring data, the US <a href="/ja/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> spot ETF had a net inflow of $165.7 million yesterday, marking the fifth consecutive day of net inflow. Among them, BlackRock IBIT had a net inflow of $172.1 million, and FETH had a net outflow of $3.5 million.

Yesterday, the U.S. <a href="/ja/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> spot ETF had a net outflow of $12.5 million, and has now experienced net outflows for 12 consecutive days, of which BlackRock ETHA had a net outflow of $9 million.

**Sonic Networks TVL exceeded $850 million**

On March 21, according to Defillama data, Sonic Network's TVL was reported to be $854 million, an increase of 83% in the past month.

The network’s top three TVL DeFi protocols are currently: lending protocol Silo Finance, liquidity staking protocol Beets, and <a href="/ja/price/aave-aave" target="_blank" class="blog_inner_link">Aave</a> V3.

**ETH stocks on CEX dropped to 10-year low**

On March 21, according to data from <a href="/ja/price" target="_blank" class="blog_inner_link">crypto market</a> analysis agency Santiment, due to the many DeFi and staking options on the market, Ethereum holders have now reduced the available supply on trading platforms to 8.97 million, the lowest level in nearly 10 years (the previous low was in November 2015).

**Pump.fun announced the launch of PumpSwap**

On March 21, CoinDesk reported that Pump.fun launched a token swap service based on the protocol liquidity pool. The service, called PumpSwap, puts the project in direct competition with the automated market makers (AMMs) in the <a href="/ja/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> ecosystem that specialize in on-chain token transactions.

**Trump's summit speech did not announce <a href="/ja/price/view/new-cryptocurrencies" target="_blank" class="blog_inner_link">new crypto</a>-related policies**

On March 20, US President Trump's speech at the 2025 Digital Asset Summit lasted only about 2 minutes. It was all formal remarks without any new content. It was not as previously reported by reporter Eleanor Terrett that Trump would announce his subsequent crypto policy at the US Digital Asset Summit. Judging from the live broadcast of the summit, the live broadcast room was flooded with disappointed comments from followers.

## Market Trends: Altcoins generally pulled back, ETH fell below $2,000
### Market Hotspots
BANANA broke through $23, with a 24-hour increase of 23.4%. Since hitting a short-term bottom of $10.2 on March 11, the coin has more than doubled. The Banana Gun team's future plans include token destruction, revenue sharing, and further implementation of the bonus program, which may have a positive impact on the token price.

Influenced by the news that L3 may be added to the asset listing roadmap by mainstream exchanges, L3 rose by more than 20% in a short period of time, temporarily reporting $0.06831.

### Mainstream Coins
BTC once fell below $84,000 during the session. After a brief rebound, the market's <a href="/ja/price/optimism-op" target="_blank" class="blog_inner_link">optimism</a> did not last long and returned to a "panic" state yesterday. From the perspective of the market, BTC still failed to maintain an upward trend, and the possibility of continued decline in the short term is still relatively high.

ETH fell below the $2,000 mark. Judging from the ETF data, the outlook is not optimistic.

Altcoins still have no independent market, and the market fell across the board. SocialFi and CeFi sectors are relatively strong. Among them, the SocialFi sector rose 1.44% in 24 hours. Within the sector, <a href="/ja/price/toncoin-ton" target="_blank" class="blog_inner_link">Toncoin</a> (TON) rose 2.14% due to factors such as large financing, and Galxe (GAL) rose 3.10%. The CeFi sector rose 0.67%, and within the sector, Binance Coin (<a href="/ja/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>) rose 1.14%.

## Macro news: US stocks continued to fall after rebounding, Japan's core inflation hit fastest growth
The market digested the Fed's decision, doubting whether the Fed could cut interest rates sharply in the face of potentially inflationary trade tariffs, while the comments of European Central Bank President Christine Lagarde weighed on market sentiment. Lagarde said that US tariffs could hit economic growth in the region, but could not make a firm commitment on interest rates. The rebound in the US stock market lasted only one day on the day of the Fed's decision, and all three major US stock indexes fell yesterday.

Japan's core inflation, excluding fresh food, rose 3% year-on-year in February, down from 3.2% in January, but core inflation rose 2.6%, the fastest growth in nearly a year. This result supports the case for the Bank of Japan to continue to gradually raise interest rates. The market still expects the Bank of Japan to raise interest rates again in June or July and maintain the pace of raising interest rates about every six months.



<div class="blog-details-info">
<div>Author:**Rooick Z. & Orisi T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>


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Daily News | Ethereum Spot ETF Saw Net Outflows For 12 Consecutive Days, Sonic Network TVL Exceeded $850 Million