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PANews March 17 news, Matrixport published an analysis today stating that Ethereum has experienced a relatively sharp correction in this cycle, with prices falling by about 63% cumulatively. Currently, the trend is testing the technical resistance at the upper edge of the downward channel. From the perspective of driving factors, the recent price recovery is more related to options capital flows and the Gamma hedging mechanism, while there have not been significant changes in fundamentals. Although ETF demand has rebounded somewhat, derivatives positions remain one of the key factors affecting recent price movements. The financial asset characteristics of Ethereum are becoming increasingly apparent, and the impact of market structure, position distribution, and derivatives capital flows on price is rising. This has led to a certain degree of decoupling between the recent performance of crypto assets and other major asset classes, making the traditional risk-on/risk-off analysis framework somewhat limited in explaining its price behavior. The crypto market may be forming a more independent pricing logic, in which changes in position structure and capital flows are worth continuous monitoring.

ChainCatcher news, in addition, the police department plans to complete the selection of private custody institutions within the first half of the year, but the previous three tenders failed due to a budget of only 83 million Korean won and the small scale of qualified institutions. Experts recommend establishing a government-led unified professional custody system to prevent security vulnerabilities and internal risks.

Golden Ten Data reported on March 17 that the National Oil Corporation of Libya announced on the 16th the discovery of two natural gas fields in the offshore area of northwestern Libya, with a total reserve of approximately 1 trillion cubic feet (28 billion cubic meters). The National Oil Corporation of Libya stated in a press release that its foreign partner, Eni North Africa, completed drilling and preliminary assessment at two offshore geological structures, "Assalam River No. 2" and "Assalam River No. 3," located 16 kilometers south of the Assalam River gas field, confirming the discovery of new gas fields. It is understood that the Assalam River gas field is one of Libya's main natural gas production areas. The company said that the newly discovered natural gas will help meet the demand of both domestic and international markets. Italian energy company Eni Group stated in a press release that the produced natural gas will not only meet Libya's domestic market demand but will also be exported to Italy.