BlockBeats will organize the key industry news content of the week (3.10-3.16) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
Abu Dhabi MGX invests $2 billion in Binance, acquires minority stake
On March 12, cryptocurrency trading platform Binance and Abu Dhabi-based artificial intelligence and advanced technology investor MGX announced a $2 billion investment deal, which is Binance's first institutional investment to date. This is the largest single investment in a cryptocurrency company and the largest investment in cryptocurrency ever. It is reported that this investment represents MGX's first foray into the cryptocurrency and blockchain field, acquiring a minority stake in Binance.
According to the MGX official website, MGX Chairman Tahnoon bin Zayed is the deputy chief of the UAE and the national security adviser of the UAE. He is the son of the first UAE President Sheikh Zayed Bin Sultan Al-nahayan and the younger brother of the current UAE President Mohamed Bin Zayed Al-Nahyan. Tahnoon bin Zayed, 56, controls two sovereign wealth funds with assets of up to $1.4 trillion. Related reading: "Binance welcomes $2 billion in institutional investment, and the financial backer is actually the second-in-command of Abu Dhabi"
The Wall Street Journal reported that the Trump family was suspected of being interested in acquiring shares in Binance.US in exchange for pardoning CZ; CZ responded: The report is false
On March 13, the Wall Street Journal reported that representatives of the Trump family have negotiated to acquire a financial stake in Binance's US branch, with possibilities including the Trump family holding shares or trading through World Liberty Financial. Meanwhile, Binance founder CZ has been urging the Trump administration to pardon him. Last year, Binance contacted Trump's allies and proposed a business deal with the Trump family as part of a plan to return the exiled company to the United States, after which the two sides began negotiations. It is unclear what form the Trump family's shares will take if the deal is reached, or whether it will be conditional on a pardon. Later, Binance founder CZ responded on social media that the Wall Street Journal's report was factually incorrect and that he had never discussed a transaction with anyone about Binance.US but did not mind being pardoned. Related reading: "Binance.US equity in exchange for amnesty is a misunderstanding, CZ refutes rumors online"
"Hyperliquid 50x leverage whale" frequently operated this week and actively "voluntarily liquidated" 160,000 ETH, causing HLP to lose more than 4 million US dollars in a short period of time
This week, the "Hyperliquid 50x leveraged whale" frequently operated, opening large amounts of short or long ETH. On March 12, the whale opened a long position of Ethereum with more than 170,000 ETH, and then withdrew most of the principal and profits to compress the liquidation price. The remaining long positions of more than 160,000 ETH were "actively liquidated", totaling US$306.8 million. These 160,000 ETH long orders were closed at US$1,915 and taken over by HLP. Due to the huge amount, the losses caused by the decline during the liquidation process were borne by HLP. HLP lost more than US$4 million that day.
Later that day, Hyperliquid posted a statement saying, “Regarding the issue of the ETH long position of the “Hyperliquid 50x leverage whale” (0xf3f4 user), first of all, it is clear that there was no protocol vulnerability or hacker attack. In order to increase the maintenance margin requirements for large positions, the maximum leverage of BTC and ETH will be adjusted to 40x and 25x respectively. This will provide a better buffer for the rollback liquidation of large positions.”
On the 13th, Hyperliquid officially announced that it will adjust the margin ratio requirement for margin transfers to 20% in the network upgrade on March 15. "Margin transfer" refers to the transfer of funds from a cross margin wallet or an isolated margin position, including withdrawals, perpetual contracts to spot, and increasing or decreasing isolated margin margin. This adjustment will not affect newly opened cross margin positions. It will only be affected when the cross margin leverage ratio exceeds 5 times after the user opens a new isolated margin position.
On the 14th, according to monitoring, the "50x leveraged whale" made a profit of $16.39 million on Hyperliquid in the past month. Later that day, the whale's LINK long order was liquidated, with a loss of 1.07 million USDC, but it still made a profit of more than $15 million in the past month. Related reading: "How did the Hyperliquid "Insider" do it after his 50x long position was exposed but he made $2 million?" , "The "Insider" and the whale' first choice for opening orders, how strong is Hyperliquid's fundamentals? "
Telegram founder Pavel Durov allowed to leave France, now living in Dubai
On March 15, Telegram founder Pavel Durov left France and moved to Dubai after obtaining approval from a French court. According to a report cited by Barron's, on March 13, Durov allegedly obtained permission from a French court to leave the country and go to Dubai, a city known for its business-friendly environment and lack of extradition agreements with many countries. The specific terms of the court's decision are unclear, but Durov's relocation has once again sparked debate about jurisdiction, privacy, and the responsibility of technology leaders in combating illegal activity on their platforms. On March 16, the TON Foundation issued a statement confirming that Telegram founder Durov has regained his freedom and supports the defense of online freedom of speech and privacy.
Ethereum's nearly 20% plunge breaks bull trend line since 2022 Terra crash
On March 10, Coindesk reported that the price of Ethereum plunged nearly 20% in the seven days ending March 9, marking the largest weekly percentage drop since November 2022. The sell-off broke the bull trend line that began at the low point after the collapse of Terra's algorithmic stablecoin UST in June 2022, which led to the loss of billions of investor wealth. This decisive drop means that Ethereum's nearly three-year bull trend may have ended, and the focus has shifted to deeper losses, which may fall to support near the September-October 2023 low, around $1,500.
Progress of Bitcoin Strategic Reserves in U.S. States: 6 States Entered the House and Senate for Voting, and 8 States Have Submitted to the Committee for Review
On March 13, according to the BlockBeats and charts of BlockBeats, the complete process of passing the strategic reserve of Bitcoin in each US state is: public support by legislators - bill proposal - relevant committee review - House of Representatives and Senate vote - governor signing the bill. The current progress of each US state is as follows: Utah has passed the Bitcoin bill, but the bill does not include strategic Bitcoin reserves for the time being; the states that have progressed to the House of Representatives and Senate votes are: Texas, Arizona, Oklahoma, Ohio, New Hampshire; the states that have submitted to the relevant committees for review are: Massachusetts, Illinois, New Mexico, Iowa, Michigan, North Carolina, Missouri, Georgia; the states that have received public support from legislators are: Florida, Alabama, Kentucky; the states where the bill was rejected are: North Dakota, South Dakota, Montana, Pennsylvania, Wyoming.
Shenyu: Assets have increased dozens of times since 312, and hoarding Bitcoin is the biggest source of wealth
On March 12, Shenyu, the co-founder and CEO of Cobo, launched a survey on the asset size of the fifth anniversary of the "312" incident. The data showed that his assets have increased dozens of times (15 to 100 times) since the "312" incident, and the biggest source of wealth is hoarding Bitcoin. Bitcoin once fell to $3,800 on March 12, 2020, and rose to $110,000 five years later. It is now quoted at $81,700, an increase of more than 20 times in five years.
Coinbase to launch 24/7 Bitcoin and Ethereum futures contracts
On March 10, Coinbase announced that Coinbase Derivatives, LLC, a CFTC-regulated futures trading platform, will launch the first 24/7 Bitcoin and Ethereum futures contracts so that U.S. traders can manage risks and seize opportunities uninterruptedly.
Ethereum developers launch new testnet Hoodi for final testing of Pectra upgrade
On March 14, according to Thursday's All Devs Call, Ethereum Foundation developers will launch a new test network called Hoodi, which will test the final Pectra deployment before the mainnet is activated. This new "long-term" test network is expected to be launched on March 17. Previously, Pectra activation on the Holesky and Sepolia test networks encountered configuration problems, which delayed the official release schedule. The Pectra upgrade is designed to improve the availability and scalability of Ethereum. It includes reducing data availability costs by increasing the number of "blob" transactions on the Layer 2 network, significantly increasing staking limits, and introducing account abstraction, which greatly expands the functionality of smart contracts and wallets. Pectra may be activated on the Ethereum mainnet as early as April 25, about 30 days after the upgrade plan is deployed on the new Hoodi test network.
The Ethereum Foundation Board of Directors updates personnel appointments and dismissals, and the first Chinese member Hsiao-Wei Wang joins the board
On March 10, the Ethereum Foundation issued a statement announcing new personnel appointments and dismissals. Hsiao-Wei Wang will join the board of directors of the Ethereum Foundation. The current board members include Aya Miyaguchi (Chairman), Vitalik Buterin (Founder), Patrick Storchenegger (Swiss Legal Counsel) and Hsiao-Wei Wang (Co-Executive Director). Related reading: "EF Foundation's Self-rescue: The First Chinese Executive Director Takes Office, Technocrats Are Rising"
Trump's crypto project WLFI has completed its public offering, with a total financing amount of US$550 million
On March 14, according to the official website, the Trump family crypto project World Liberty Financial has completed all community public offering financing (previously an additional round), with a total financing amount of US$550 million. Earlier news, the Trump crypto project WLFI added 5% of the supply and the price rose to US$0.05, while the previous round of price was only US$0.015.
SBF is seeking a pardon from Trump
On March 11, Fortune magazine reported that FTX founder SBF is seeking a pardon from Trump, and a crypto industry lobbyist said the possibility of SBF being pardoned is increasing because of Trump’s increasingly close ties with the crypto industry.
Bubblemaps releases BMT token economics: total supply is 1 billion, airdrop accounts for 22.2%; Bubblemaps TGE on Binance Wallet exceeds fundraising by 94 times
On March 11, Bubblemaps released the BMT token economics, with a total supply of 1 billion, 26.3% for the ecosystem and community, 24.3% for investors, 22.2% for airdrops, 12.2% for liquidity, 9% for the team, and 6% for protocol development and research. BMT is a cross-chain token issued on BNB Chain and Solana through the LayerZero OFT standard. The current supply distribution ratio is: 12% on the BNB chain and 88% on the Solana chain. On the same day, the Bubblemaps TGE launched by Binance Wallet on PancakeSwap was oversubscribed 94 times, with a subscription limit of 3 BNB, and a cumulative deposit of more than 140,000 BNB.
Japan's Cabinet approves crypto brokerage and stablecoin reform plan, submitted to Diet for review
On March 10, the Japanese Cabinet has approved a proposal to reform laws related to crypto brokerages and stablecoins. According to an announcement from the Financial Services Agency (FSA) of Japan, the government has approved a cabinet resolution to amend the Payment Services Act. The bill will allow crypto companies to operate as "intermediary businesses." This means that brokers will no longer need to apply for the same type of licenses as crypto trading platforms and crypto wallet operators. The bill also provides more flexibility for stablecoin issuers in terms of the types of assets that support their tokens. In the history of the Japanese parliament, no crypto-related legal changes have ever been rejected after being approved by the cabinet. Similarly, the cabinet has never rejected any legal change proposals put forward by the Financial Services Agency (FSA) when it comes to crypto regulatory matters in Japan. The FSA has a certain degree of "full discretion" in Japanese crypto regulatory matters.
OKX clarifies: Web3 wallet service is not investigated by EU regulators
On March 11, OKX responded to the EU regulator’s review of its Web3 service on social media, saying, “The Bloomberg article is misleading. Like all other major cryptocurrency trading platforms, OKX provides self-custodial wallet services/exchange functions, acting as an aggregator to create efficiency for users. When Bybit was hacked, we responded in two ways: we froze the relevant funds entering CEX; we developed a new feature that can detect and block hacker addresses from using our DEX or wallet services. Bybit’s statement spread misinformation among reporters. OKX clarified to the community: OKX is not under investigation; our Web3 wallet services are no different from those provided by other industry participants.”
Earlier, Bloomberg reported that European cryptocurrency regulators are reviewing the use of a service provided by the crypto exchage OKX, which hackers used to launder $1.5 billion stolen from the trading platform Bybit, according to people familiar with the matter. These people requested anonymity because the review process is confidential. They said that national regulators from the 27 EU member states discussed the issue at a meeting hosted by the European Securities and Markets Authority's Standing Committee on Digital Finance on March 6. OKX is regulated by the EU's new Crypto Asset Market Regulation.
Farcaster founder: We will cooperate with ecological projects to provide airdrops for users, and the first airdrop will be carried out next week
On March 14, Farcaster founder Dan Romero posted on social media that Farcaster will work with developers/projects that want to provide airdrops to users. After users join and perform the required actions (using the framework, participating in channels, etc.), they can establish a good user reputation to receive airdrops in the future. Ultimately, developers can decide the target users (the data is permissionless). The first airdrop will take place next week. Dan Romero added that it should be made clear that the airdrop comes from the framework built by ecosystem developers (not Farcaster). Related reading: "Is Farcaster finally going to airdrop? An interpretation of the rules is included"
Popular memes of the week: DRB, the first token proposed by Grok, has a market value of over 40 million USD; mubarak, the meme coin of BSC ecosystem, has a market value of over 52 million USD; Kanye West’s forwarded meme has increased by more than 25 times
On March 12, the market value of DRB "DebtReliefBot", the first token proposed by Grok, exceeded 40 million US dollars, setting a record high. The DRB token was jointly created by the AI agent Bankr and Grok through the "agent-to-agent" mechanism, and Grok conceived the name for the token. Related reading: "Grok's "fraudulent issuance" $DRB market value exceeded 40 million US dollars, is the BaseAI narrative making a comeback?"
On March 15, the market value of BSC ecosystem Meme coin mubarak briefly exceeded 52 million US dollars. The 24-hour trading volume reached 46.9 million US dollars. At the same time, Binance Alpha has launched mubarak.
On the same day, the famous rapper Kanye West retweeted a tweet with the Meme coin CA on the social platform. The name of the Meme coin is Swasticoin (YZY), and its market value briefly "dropped" to US$180 million and then fell back.
Solana's "Inflation Rate Adjustment Proposal" SIMD-0228 failed to pass; another proposal SIMD-0123 passed smoothly
On March 14, data showed that with the end of Epoch 755, the Solana community's proposal SIMD-0228 to reduce SOL staking inflation has ended voting. The proposal received 43.6% of votes in favor, 27.4% against, and 3.3% abstentions, and failed to pass (total voting rate 74%). It is reported that SIMD-0228 proposes major adjustments to the token issuance model of the Solana blockchain. Specifically, the proposal hopes to adjust the inflation model of the SOL token from the current fixed rate to a dynamic market mechanism linked to the staking participation rate. It aims to optimize Solana's monetary policy by dynamically adjusting the inflation rate according to the staking ratio of SOL, thereby enhancing the flexibility and efficiency of the network economy.
On the same day, the Solana SIMD-0123 proposal was successfully passed by the community vote. The proposal received 42.3% of the votes in favor, 14.2% against, and 0.7% abstentions, with a total voting rate of 56.9%. SIMD 0123 will introduce an in-protocol mechanism to distribute Solana's priority fees to validator stakers. Traders can pay additional fees to speed up transaction processing, and priority fees account for 40% of network revenue, but currently validators do not need to share with stakers. The proposal will be voted on March 6, which will increase staking rewards, block off-chain transaction agreements, and strengthen on-chain execution. Related reading: "Solana SIMD-0228 proposal vote failed, who is against Multicoin?"
pump.fun app adds chat feature
On March 14, pump.fun tweeted that its mobile app has added a chat function. Users can send private messages, create group chats, and seamlessly share token details. Related reading: "Experience Pump.fun's new DM function, can social skills help the "on-chain meme market" recover?"
El Salvador and Paraguay Sign Cryptocurrency Regulatory Agreement
On March 11, Paraguay's Secretariat for the Prevention of Money Laundering (SEPRELAD) and El Salvador's National Digital Asset Commission (CNAD) signed a memorandum of understanding last Friday. This is the second such agreement signed in nearly three months, following a similar regulatory cooperation between El Salvador and Argentina's National Securities Commission (CNV) in December last year. According to SEPRELAD's statement, the two sides will jointly combat unlicensed cryptocurrency operations and strengthen anti-money laundering measures.
China Banknote Printing and Minting Group: Never sold virtual currency through any channel
On March 13, China Banknote Printing and Minting Group issued a statement saying: "Recently, our company has received reports from the public that some criminals have pretended to be our company and sold virtual currency on the website and App. Our company hereby solemnly declares that our company has never sold virtual currency through any channel. Please be careful not to be deceived and avoid loss of your own economic interests."
The number of contract deployments on the Base network hit a record high last week
On March 14, Token Terminal published a post on the X platform disclosing data that the Base network deployed 11.4 million contracts last week, a record high. Related reading: "Base AI coin issuance is hot again, what's the hype these days?"
This week's hot articles
A man named Threadguy disappeared
In the more than 20 days since threadguy disappeared, there are still a lot of people on X discussing when he will return. He once spent $25,000 to attend the Trump dinner and asked Trump about his views on the future of cryptocurrency. As a crypto KOL, threadguy began writing analytical Twitter threads in the early stages of NFT in 2021, gradually building a personal brand, and later turned to hosting Twitter Space and podcasts, interviewing guests including NFT founders, artists, musicians, etc. His interview with Andrew Tate in 2024 reached its peak in traffic, but the ensuing controversy and traffic decline caused him to fall into a trough, and he eventually turned to Twitch live broadcasts to discuss topics such as encryption and meme coins. And just last month, he was involved in the storm of LIBRA token harvesting and then disappeared from the public eye. In any case, more and more post-00s like threadguy are entering the crypto, leaving stories in this market in the way they are good at.
Cryptocurrency, the collapse of cyber religion in progress?
The current crypto is in a stage of fading faith. Innovative narratives that once drove the industry, such as NFT, Metaverse, DAO, etc., are now considered bubbles or scams, and the market has gradually shifted from pursuing ideals to pure profit-seeking. Bitcoin has hit a record high, but funds have mainly flowed into traditional financial channels rather than the on-chain ecosystem, resulting in a lack of new growth momentum within the crypto and a "fake bull market" PvP pattern. In this environment, exchanges, market makers, and KOLs control the market, meme coins have become the focus of speculation, and Solana has become a "crypto casino." The crypto world that once carried faith now only has the belief in making money.
Binance received a $2 billion investment from Abu Dhabi investment institution MGX, becoming the largest institutional investment in the history of the crypto industry. Behind this money is Tahnoun bin Zayed Al Nahyan, the UAE National Security Advisor and Deputy Ruler of Abu Dhabi, who controls multiple sovereign wealth funds and has invested in AI, finance, crypto and other fields. Binance's move is not only financing, but also a deep bond with Middle Eastern capital, seeking a safe haven against the backdrop of tightening global regulation. Abu Dhabi is accelerating its transformation into a global crypto financial center, and Binance is also reshaping its market positioning here to get rid of the restrictions of European and American regulation.
The fifth anniversary of "312", respect the market, forever and ever
Market sentiment was low in March 2025, even worse than after the series of crashes in early 2023. Although the US President showed "favor" for Bitcoin, the actual actions did not match his promises. Not only did he not purchase Bitcoin reserves, but he also issued digital currency on his own, sucking away market liquidity. Seven weeks after Trump took office, $1 trillion evaporated from the crypto market, and $2 billion and 700,000 people were liquidated within 24 hours, setting a new historical record. Looking back at the market crash on March 12, 2020, Bitcoin plummeted by nearly 50% in 24 hours, with $2.93 billion liquidated across the entire network. BitMEX even suspended trading to prevent the price from returning to zero. From a macro perspective, the global financial market is turbulent, and assets such as U.S. stocks and crude oil have also suffered heavy losses. The "312" incident has become a wake-up call for the market. Investors, whether bull or bear, need to respect the market, do a good job of risk control, and ensure the safety of their principal.
Hyperliquid has successfully dominated the on-chain perpetual contract market through its fully on-chain central limit order book (CLOB) and high-performance Layer-1 blockchain, breaking through the liquidity and user experience bottlenecks of traditional DEX. Its success not only relies on innovative technology and optimized trading experience, but also on its user-driven token distribution and community feedback mechanism, which ensures that users and protocols have long-term interests. Through risk-free self-financing, decentralized paths, and efficient marketing, Hyperliquid has gradually established a high-performance decentralized trading platform with the goal of becoming the "Binance on the chain."
The HyperLiquid platform suffered a loss of more than $4 million due to the operation of the whale"Insider Brother". The insider brother opened long ETH and BTC with high leverage and extracted floating profits from the contract, causing his position to be liquidated without closing the position. The HyperLiquid platform's liquidation fund (HLP) took over the liquidation process. Due to the huge amount of operation, HLP borne the platform's losses. This incident highlights the liquidity risks in DeFi projects, especially in the absence of strict leverage control and floating profit withdrawal restrictions, exposing loopholes in platform management and mechanisms, and reminding investors to act with caution in high-risk environments.
Trump signed an executive order to formally establish a strategic reserve of Bitcoin, which will be sourced from Bitcoins confiscated by the federal government through criminal or civil proceedings. According to data, the United States currently holds about 198,109 Bitcoins, of which about 112,000 will be returned to Bitfinex, and the remaining about 86,000 can be used as reserves. The executive order stipulates that government digital assets cannot be sold at will, but can be returned to victims or used for law enforcement actions in certain circumstances. Coinbase CEO expects G20 countries to follow the United States' practice and launch similar Bitcoin asset reserve plans.
This article discusses the role and business model of market makers in the cryptocurrency industry, and the author shares his own experience and views. The core job of market makers is to maintain market liquidity and help project parties stabilize the price of coins by providing bilateral quotes on the order book of the exchange. The article emphasizes the difference between active market makers and passive market makers, especially passive market makers who provide liquidity through borrowing coins or monthly fee models to earn price differences and service fees. The author also points out that some unregulated market makers in the industry will profit through unethical means, causing losses to project parties and retail investors.
"Analysis and Opinion: Will there still be a bull market in the crypto market in 2025?"
The market is currently in the "wealth destruction phase" of the cryptocurrency cycle, and even with many seemingly positive factors, overall market sentiment remains depressed. As the prices of mainstream crypto assets such as Bitcoin fluctuate, speculative sentiment weakens, and the market faces liquidations, panic, and the emergence of bad actors. In addition, although there are signs of growth in global liquidity, the overall economy is in recession, and the cryptocurrency industry has failed to gain support from these macro changes. Overall, the rebound may encounter severe selling pressure in the short term, and the resumption of the bull market remains unclear.
Since Trump took office, the total market value of the cryptocurrency market has fallen by nearly $900 billion, but the market value of stablecoins has grown against the trend, breaking through $227 billion to a record high. The growth of the stablecoin market has benefited from the upcoming favorable regulatory environment and the role of stablecoins in consolidating the global dominance of the US dollar. The US government has promoted the formulation of the bill through the stablecoin policy and emphasized its support for the demand for US debt. Many countries and traditional financial institutions are also accelerating the layout of stablecoins to cope with the reshaping of the cross-border payment market. Stablecoins are gradually shifting from speculative tools to broader payment and capital flow tools.
This article reports a sandwich attack on a cryptocurrency exchange, where a trader lost more than $215,000 when exchanging stablecoins. The article describes the attack in detail, including how the MEV robot profited through front-loaded transactions, and explores possible money laundering. At the same time, the article also mentions the protection measures taken by the Uniswap platform to prevent such attacks and clarifies the initial criticism.
On March 6, there were market rumors that Coinbase was interested in restarting its plan to tokenize its stock COIN and other securities. In 2020, Coinbase made its first attempt at this, but abandoned it due to regulatory obstacles. With the establishment of a new cryptocurrency working group by the SEC, Coinbase seemed to see an opportunity to restart the plan. Just two days later, RWA project Backed announced on March 8 that it had launched Coinbase stock derivative token wbCOIN on the Base network, and the value of the token was supported by COIN stock 1: 1. Although Backed claimed to clarify that this move had nothing to do with Coinbase, it is hard not to imagine such a fast pace of action. This article analyzes the multiple arbitrage opportunities that may exist between the two markets under the "coin-stock parallel" model, including price arbitrage, liquidity spread arbitrage, etc.
Since the success of $GOAT, Degens have been trying to guide Grok to issue cryptocurrencies, but most tokens have failed. The birth of $DRB is different. It has exceeded the market value of 40 million US dollars on the Base platform, becoming the first token truly issued by Grok. Through the Bankr platform, any X user can directly create and manage tokens, and Grok unconsciously "participated" in the generation of $DRB. Although Grok denied that he created the token, the address still gained. Subsequently, Grok lost a large sum of money due to being deceived, but his wallet still recovered its value. The success of $DRB has brought new attention to Base and reignited the potential of combining AI with cryptocurrency.
"Farcaster is finally going to airdrop? Rules explained inside"
The Farcaster team announced an experimental airdrop program designed to help developers reach active users through airdrops. Users can choose to join the airdrop and complete specific actions as required by the developer to improve their reputation and increase future airdrop opportunities. Users with high activity are more likely to be selected, while users who do not follow the requirements may lose future airdrop qualifications. Developers can freely set airdrop goals, and the program is voluntary and aims to promote platform activity and increase wallet usage. The Farcaster team hopes to promote the enrichment of platform content through this mechanism and drive more users to participate in the ecosystem.
Still using old-fashioned DeFi lending? Wake up, 3Jane has opened the book
3Jane breaks the traditional high-collateralized lending restrictions in the DeFi field by introducing a credit lending model, using on-chain and off-chain data to assess user credit and provide uncollateralized loans. Unlike traditional DeFi platforms, 3Jane uses a multi-dimensional credit assessment mechanism, including on-chain assets, bank deposits, and credit scores, to ensure that loans are issued to trusted users and prevent borrowers from "running away." Its technical architecture includes zero-knowledge technology and smart contracts to ensure flexible risk control and repayment mechanisms. Although 3Jane is in its early stages, its innovative model shows the potential to reshape the DeFi lending ecosystem.
"Behind Binance's new coin dump: a complete operation chain of a crypto"harvester""
The collapse of two crypto tokens, GPS and SHELL, exposed the dark side of market manipulation. A market maker manipulated the token price through unilateral selling, causing the market to collapse and making a profit of $5 million. After in-depth investigation, it was found that Web3Port and Whisper operated this incident through a complete arbitrage chain. Web3Port provided free tokens in exchange for services, and then cashed out the tokens through Whisper, causing retail investors to suffer losses. This incident exposed the deep-seated problems in the interest chain of the crypto market, especially the complex relationship between multiple parties such as project parties, market makers, trading platforms and VCs.
DoubleZero Foundation has received $28 million in investment, with support from Dragonfly and Multicoin Capital. The project focuses on the DePIN field, allowing users to contribute fiber links without permission and promote the development of Web3 infrastructure. Its unique "dual-ring architecture" optimizes blockchain performance, improves communication efficiency through hardware filtering of junk transactions and uses dedicated bandwidth to reduce latency and congestion. Founder Austin Federa, who was a key figure in the Solana Foundation, led the project to leverage the resources of the Solana ecosystem, aiming to provide better bandwidth and low-latency services for high-performance blockchains.
"GMGN Lianchuang teaches you how to become a qualified P player"
GMGN co-founder Haze pointed out in this article that the success of on-chain transactions is affected by multiple factors, including gas fees, slippage, and MEV clamp attacks. Gas fees determine the priority of transactions. The higher the gas, the more likely the transaction will be packaged. Slippage refers to the deviation between the actual transaction price and the expected price. The causes include insufficient market liquidity, transaction delays, and robot attacks. MEV clamps manipulate prices through pre- and post-transactions, causing users to trade at unfavorable prices. To avoid clamp attacks, users can turn on MEV protection, adjust the priority fee, and reasonably set the slippage range and transaction amount to avoid excessive impact on the liquidity pool.
"The battle for Altcoin ETFs has begun. Who will be the first to be approved?"
With the approval of Bitcoin and Ethereum ETFs, multiple financial institutions plan to launch more types of cryptocurrency ETFs, including Dogecoin, Solana, XRP, and TRUMP coins. Traditional financial giants such as Franklin Templeton have also begun to participate in this field, submitting applications such as XRP spot ETF. Solana and Dogecoin ETFs are expected to be approved around 2026, which may attract a large amount of investment funds. Although facing regulatory challenges, analysts believe that the Litecoin ETF is more likely to be approved, and ETFs for TRUMP and BONK coins are also in the application process.
《A look at five of Y Combinator's latest crypto projects》
As the crypto market fluctuates and falls, a number of new projects worthy of attention have emerged in the field of stablecoins and cross-border payments. In the latest W25 incubator program of Y Combinator, there are four startups related to payments or stablecoins. BlindPay provides a global stablecoin payment interface to help companies deal with compliance issues; Infinite provides low-cost global instant payment solutions; Karsa is a stablecoin digital bank for emerging markets, providing stablecoin deposits and consumption services; PAX Markets is the world's first crypto trading platform using a single-chip architecture, with extremely fast transaction speeds.
The Ebb and Flow of TON: A Folding Narrative of VC, Trading Platform and Traffic Carnival
Yescoin's predicament and the ups and downs of the TON ecosystem reflect a similar story. In the early days, TON rose rapidly with the support of VCs, the promotion of trading platforms, and Telegram's huge user base, becoming a popular project in Web3 and attracting a large number of users and investments. However, as market enthusiasm faded, the airdrop effect weakened, users gradually became tired, the coin price fell, capital began to withdraw, and the value of the TON ecosystem shrank sharply. Although the story of TON has not yet completely ended, it reveals the fragility of capital manipulation, traffic magic, and market bubbles.
The cryptocurrency summit hosted by Donald Trump marked the United States' leadership in the field of digital finance. The summit discussed cryptocurrency regulation and policy, and the government emphasized the importance of Bitcoin as a strategic asset and announced the establishment of a Bitcoin reserve. Despite the introduction of a long-term regulatory strategy, the market was disappointed with the lack of clear regulatory measures and uncertainty about Altcoin.
"What is FlyingTulip created by AC, the finishing touch of Sonic Ecosystem?"
FlyingTulip is an innovative DeFi integration platform that aims to solve the liquidity fragmentation problem of existing DEXs and provide multiple functions such as trading, liquidity pools and lending. It uses adaptive curve AMM to automatically adjust liquidity distribution according to market fluctuations, so that liquidity providers can obtain the best returns and reduce Impermanent Loss without complex settings. In addition, the platform has created a dynamically adjusted LTV lending model that adjusts the lending amount according to market depth and volatility to reduce risks. FlyingTulip aims to attract more Web2 users into the decentralized financial market through an easy-to-understand DeFi experience, but its success depends on the stability of the oracle and Andre Cronje's ecological fission effect on Sonic.
"Solana SIMD-0228 proposal vote failed, who is against Multicoin?"
The Solana community's SIMD-0228 proposal failed to pass because it failed to obtain the required two-thirds majority. The proposal aims to adjust SOL's inflation model, dynamically adjust the issuance to reduce inflation, and improve network security and decentralization. However, supporters believe that the proposal can increase the scarcity of SOL and enhance the value of the network, while opponents worry that this may lead to the loss of decentralization and the concentration of power in the hands of large players. The voting results reveal the conflict of interest between large and small validators, and also show the Solana community's strong focus and heated discussions on the future direction.
Does the United States intentionally "want" a recession?
The United States faces enormous debt refinancing pressure, with $9.2 trillion in debt expected to mature in 2025. To meet this challenge, the quickest way to lower interest rates may be to trigger a recession. U.S. economic growth expectations have fallen sharply due to the trade war and falling oil prices, and the possibility of rate cuts is rising. Although President Trump claims not to pay attention to the stock market, his policy signals suggest a willingness to take measures to lower interest rates, even if this may lead to a recession. The high debt level and rising interest costs in the United States have increased the urgency of rate cuts, and a recession may become the only solution.
"Has the Cryptocurrency Speculation Bubble Burst? Examining Crypto Investment from First Principles"
The author believes that the biggest problem in the crypto space is not talent or capital, but the lack of first principles thinking, which has led the industry to fall into a cycle of short-termism, extraction culture, and low integrity. The author analyzes the reasons why compounders are difficult to emerge, and proposes the need to promote long-term thinking from the top and focus on creating revenue-generating products. At the same time, he criticizes the inefficiency of general Layer 1 blockchains, and recommends that they focus on specific areas and build their own ecosystems to give tokens value. In addition, he emphasizes that liquidity token projects should establish investor relations roles to enhance transparency, rather than relying solely on repurchases and destruction, and advocates that funds be used to expand products and consolidate long-term competitive advantages to break the current nihilistic dilemma and achieve sustainable growth.
"The macro cycle has reached its peak. Are you ready for a decade-long bear market?"
This article reviews the period from the outbreak of World War II in 1939 to Trump's re-election in 2024. The global economy dominated by the United States experienced a super bull market driven by one-off events such as the rise to a superpower after World War II, the entry of women and minorities into the labor market, and the victory in the Cold War. However, the author believes that this feast has ended due to factors such as the trend of deglobalization, the non-repeatable expansion of the labor force, and the difficulty in lowering interest rates. In the future, it will face the liquidation of financial assets, capital controls and fiscal repression, and it will be difficult for traditional markets to regain their glory. Gold and Bitcoin, as non-traditional assets that are difficult to be controlled by the government, will become safe-haven options. In particular, Bitcoin may rise in small and medium-sized countries due to its digital advantages, and may eventually reach a market value of millions of US dollars, but it must first go through the test of a bear market.
Warren Buffett once again proved the wisdom of long-term investment through his investment strategy. When the market plummeted, he insisted on reducing his stock holdings and accumulating cash to prepare for a possible recession. Despite market fluctuations, Buffett always believes that opportunities are hidden in market downturns. Patiently waiting and buying undervalued assets when the stock market falls will eventually bring rich returns. His investment philosophy emphasizes staying calm when panic spreads and seizing those opportunities that are undervalued.
"Narrative Stalls: In-depth Analysis of Dogecoin DOGE's Final Battle"
Dogecoin ($Doge) has soared in price since the end of 2024, driven by the US election and the Musk effect, but then pulled back, indicating that short-term momentum is dominated by market sentiment. In terms of institutional investment, Grayscale launched the Dogecoin Trust Fund, and Bitwise applied for the $Doge ETF, suggesting its potential to transform from a meme coin to institutional investment. In addition, Musk's support and X platform payment integration may become long-term growth catalysts for Dogecoin. Despite the current large price fluctuations, future development will rely on factors such as payment applications, institutional investment, and chip movements.
《The Crypto Life of the Founder of Cardano, the Veteran “Ethereum Killer”》
Charles Hoskinson is a well-known figure in the cryptocurrency field. He was an early Bitcoin evangelist, a founding member of Ethereum, and the founder of Cardano. His career not only involves blockchain technology, but also spans into many fields such as extraterrestrial life exploration, animal husbandry, and medical care. Although Cardano is not as active in the market as other competitors, its technology and financing model are still attracting attention. In recent years, Hoskinson has devoted himself to politics, supporting Trump and participating in the regulation of the cryptocurrency industry. In addition, although he has been questioned for his personal resume and controversy, his achievements and diversified investments have left him a strong mark in the crypto community.
Hsiao-Wei Wang was promoted to the board of directors of the Ethereum Foundation, becoming the first Chinese leader to be promoted from the technical grassroots. She has promoted the expansion of Ethereum technology and community building from an early core researcher to an ambassador of the Asia-Pacific community, and then to an executive director. The sharding and merging projects she led are regarded as important achievements in the development of Ethereum, especially in solving challenges such as the fragmentation of the Layer 2 ecosystem and the governance trust crisis, showing the new role of technocrats. The technical and governance innovations she proposed, such as the dynamic sell-off mechanism and the Layer 2 profit-sharing plan, are aimed at solving the economic and ecological problems of Ethereum and providing new impetus for its future upgrades.
"Recent revenue review of the seven major DEXs, which one is rising against the trend?"
In the past week, the survival status of decentralized exchanges (DEX) has received widespread attention, and the revenue of most platforms has dropped sharply. Hyperliquid's liquidity was affected by the whale arbitrage incident, and GMGN's revenue plummeted due to user loss and intensified market competition. Mainstream DEXs such as Jupiter and PancakeSwap still maintain high activity and stable income, while Raydium and Shadow Exchange's income has dropped sharply. Overall, DEX faces three major challenges: how to maintain activity, optimize liquidity, and achieve sustainable income. The future competition will not only be about trading volume, but also a comprehensive competition of liquidity, risk control, and ecological layout.
"2024 Public Chain RWA Annual Research Report: Market Deconstruction and Paradigm Change"
In 2024, the tokenization of real-world assets (RWA) has experienced explosive growth, driven by institutional investment, technological breakthroughs, and clear regulation, and a new financial paradigm has gradually emerged. The differentiated growth rates of asset classes such as U.S. Treasuries and private credit reflect the diversity of market liquidity and risk preferences. At the same time, technological advances and support from public chain infrastructure have paved the way for the large-scale application of RWA. However, structural issues such as liquidity stratification and return-risk mismatch still need attention, especially in the field of real estate tokenization. With the expansion of market scale and the promotion of technological innovation, the industry is moving towards a more mature and diversified direction.
《I am speechless. How can I get blocked for transferring money from Coinbase to the chain?》
Ethereum core developer Eric Conner publicly complained about Coinbase locking his account, criticizing the platform for over-reliance on risk control systems, which resulted in restrictions on innocent users. His account was locked due to failure to pass verification and required to reset the password, which attracted the attention of the crypto community. Coinbase's aggressive security strategy has caused controversy many times before, and its over-reliance on automated risk control systems and lack of transparency often put users in trouble. At the same time, security vulnerabilities in third-party services may also become a weak link in the platform, affecting overall security. Exchanges need to strike a balance between risk control, transparency and customer service support to increase user trust.
Recently, the market atmosphere is sluggish, especially Asian VCs generally adopt conservative investment strategies, and many projects have not been launched for several months. However, European and American VCs are still active and continue to increase their investments. The difference between the two may be related to different investment concepts, exit cycles, and short-term yields. The current crypto market seems to have reached the stage of "low-hanging fruit", and innovation in the financial field is saturated. In the future, there may be a new trend of modularization and cross-border integration, especially the combination of blockchain and AI technologies. Future projects will focus more on solving real-world problems, rather than just existing for encryption or AI. This may also be the direction of future investment.
Pump.fun recently launched a new private message (DM) feature, marking its transformation from a single token issuance platform to a social platform. Users can chat with others privately or form group chats through DM to share token links, investment experience, etc., to increase the exposure and promotion effect of tokens. This move makes the spread of tokens more natural and efficient, and also increases the possibility of more social interaction on the platform. With the enhancement of social functions, Pump.fun may cooperate with other projects to promote the diversified development of the Solana ecosystem and face the challenge of improving privacy and security.
Coinbase announced a partnership with Echo to launch an investment model based on community member participation to promote the development of Base ecosystem projects. Founded by crypto KOL Cobie, Echo attracts investors to participate in high-potential projects through a lead investment recommendation mechanism. The Echo platform has successfully raised more than $100 million in funds and attracted the participation of many well-known projects. The cooperation with Coinbase will make this investment model more open and is expected to attract more investors to participate. The cooperation between Echo and Base may provide a wider range of funding channels for crypto industry builders and promote the birth of more innovative projects. In addition, several potential projects, such as Sapien, HeyElsa and Conduit, are being developed in the Base ecosystem.
"A $5 billion airdrop feast: Why did the United States become an "outsider"? "
The cryptocurrency airdrop market in the United States is subject to policy restrictions, which has prevented a large number of American users from participating and missing out on significant economic benefits. In 2024, approximately 920,000 to 5.2 million American users will be unable to participate in airdrops due to geo-blocking, resulting in revenue losses of $1.84 billion to $2.64 billion. In addition, the United States has missed a large amount of tax revenue due to the relocation of crypto companies, including $418 million to $1.1 billion in federal taxes and $107 million to $284 million in state taxes. The report also analyzes the complex regulatory environment in the United States and recommends promoting innovation and fair development of the crypto market by formulating clear rules.
"Overview of AI Agent Market in Q1 2025, What are the New Developments of Various Agents?"
In the first quarter of 2025, Web3 AI agents experienced price fluctuations, but innovation continued to accelerate. The market focus shifted to projects that solve real-world problems, build valuable products, attract users, and generate revenue. Major platforms such as Virtuals, ElizaOS, and Arc continue to promote the application of AI agent technology, while Clanker and Cod3x also actively participate in the competition by optimizing user experience and product features.
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