[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.staticimgs.com/image/article/1741690262ann_en.webp) Gate Research Daily Report: On March 11, BTC price dropped 2.92% to 80,226 USD, while ETH price fell 9.62% to 1,867.95 USD. The crypto market evaporated $1.3 trillion, marking the largest quarterly pullback in history. The market capitalization of stablecoins rose to $227.17 billion, reaching an all-time high. The Thailand SEC approved USDT for compliant trading, marking a key step in digital asset regulation. Movement submitted a MOVE ETF application, with the Mainnet Beta launch driving ecosystem growth. The SEC has shifted to a crypto-friendly stance and may withdraw the exchange registration requirement. - **Market Analysis**: BTC price dropped 2.92% to 80,226 USD, while ETH price fell 9.62% to 1,867.95 USD. - **Top Performers**: The top performing altcoins in the last 24 hours are RARE, MYTH, and SAROS, which rose by 83.71%, 19.39%, and 4.77%, respectively. - **Data Highlights**: The crypto market saw a $1.3 trillion wipeout, marking the largest quarterly correction in history. Meanwhile, the stablecoin market cap surged to a record high of $227.17 billion. - **Spotlight Analysis**: The SEC is shifting towards a more crypto-friendly stance and may withdraw exchange registration requirements. - **Market Opportunities**: XOOB is a Telegram-based GameFi platform centered around a space-themed mining experience. Players can earn XOOB tokens by completing tasks and participating in mini-games. Explore today's details → Gate Research: Crypto Market Sees Record $1.3T Quarterly Pullback, Stablecoin Market Cap Hits $227.1B ATH **Gate Research** Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis. Click the Link to learn more **Disclaimer** This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please note that Gate may restrict or prohibit some or all services for users from restricted regions. For more information, please read the User Agreement at: https://www.gate.io/user-agreement. Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions. **Gateway to Crypto** Trade over 3,700 cryptocurrencies safely, quickly, and easily on Gate • Visit our Official Website • Download Gate App / Web now • Follow us on Gate X (Twitter) to get more bonuses • Join our Telegram to discuss hot topics • Join our Global Community to get more updates • We provide 100% proof of reserves • Sign up to enjoy max. $10,000 in rewards exclusively for new users • Get 40% commission from referrals Gate Team March 11, 2025