Ethereum (ETH) price broke through $2,200 following a recent rebound, with intraday gains of approximately 4.1%. ETF capital inflows and institutional buying support the rally. Key resistance levels are at $2,250-$2,320, and if $2,300-$2,400 is broken through, it could potentially point toward $2,500. Overall, this demonstrates Ethereum's market recovery potential.

On March 16, two Hyperliquid traders, Paul Wei and 100% Win Rate Low Drawdown, reached consensus on the BTC long position take-profit zone at $78,000. The former set take-profit between $75,000 and $78,100, while the latter has pending orders. Both employed different pyramiding strategies and leverage choices, profiting from volatility through pyramid position management.

Pi Network launched a new application feature called Pi Launchpad on the testnet on March 16, designed to help developers issue project tokens and integrate them with practical applications. The platform emphasizes "utility first," promoting healthy ecosystem development, and allows users to experience token issuance and DeFi functionality through the testing environment. Launchpad adopts a liquidity pool mechanism to provide base liquidity, with the overall update aimed at attracting more developers and driving application implementation.

Gate News Report: On March 16, Jupiter's strategic reserve trust fund Jupiter Litterbox Trust increased its holdings by 387,919 JUP, valued at approximately $65,000. This month, the fund has cumulatively purchased 9,117,862 JUP, valued at approximately $1.53 million. To date, Jupiter Litterbox Trust's total purchases amount to 95,570,914 JUP, valued at approximately $16.1 million.

Gate News Report: On March 13, most stocks in the US crypto sector rose at market opening. In the past 24 hours, MARA rose 8.5%, CIFR rose 7.7%, CRCL rose 5%, MSTR rose 3.9%, COIN rose 2.1%; BTGO fell 1.8%, GEMI fell 0.6%.

Gate News bot message: According to Gate official announcement on March 16, 2026 Gate platform announced adjustments to the lending functions of MBG by Multibank Group (MBG). Starting from March 16, 2026 at 16:00 (UTC+8), the platform will close new lending functions in unified account spot margin, collateral lending, and isolated margin leverage businesses. For users with outstanding loans, the platform requires repayment to be completed before March 17, 2026 at 16:00 (UTC+8). Overdue loans will be automatically settled and repaid by the system at that time point. The platform stated that this adjustment is based on a regular project review mechanism, aimed at optimizing trading experience and safeguarding user asset security. Spot trading functions are not affected.

TURBO token increased 26.44% in the past 24 hours, now trading at $0.00116779 with a market cap of $80.6 million. The project was created by artificial intelligence and features decentralization and zero trading taxes. Recent increased trading activity and coverage on over 140 exchanges have boosted market recognition and liquidity.

Gate News Alert: On March 12, according to Arkham monitoring, Alameda unstaked SOL worth $17 million and transferred it to a bankruptcy account. It is reported that Alameda regularly distributes SOL to creditors on a monthly basis. Currently, its on-chain account still holds SOL valued at $321 million.