1. CEX Popular Cryptocurrencies
CEX Top 10 Trading Volume and 24-Hour Price Changes:
BTC: + 1.46%
ETH: + 0.44%
AUCTION: -38.59%
SOL: + 2.09%
TRUMP: + 5.72%
XRP: + 1.39%
PNUT: + 18.65%
W: + 28.49%
BNB: -0.47%
PEPE: + 1.12%
24-Hour Gainers List (Data Source: OKX):
DORA: + 22.18%
RUNECOIN: + 6.84%
ZETA: + 6.49%
SAMO: + 5.25%
CSPR: + 4.48%
G: + 3.91%
MAJOR: + 3.29%
RENDER: + 2.42%
TIA: + 2.28%
AVAX: + 2.16%
2. On-Chain Popular Meme Top 5 (Data Source: GMGN):
PILL
YODA
TRUMP 8
ANTY
OTC
3. 24-Hour Hot Search Cryptocurrencies
AUCTION: AUCTION is the governance and utility token of the Bounce Finance platform, used for platform governance, paying transaction fees, and staking to earn rewards. In recent days, AUCTION has experienced significant volatility, with a nearly 40% drop in 24 hours.
ZETA: ZETA is the native token of the ZetaChain network, used for paying transaction fees, protecting the proof-of-stake network, cross-chain transaction gas fees, and participating in platform governance. Within 24 hours, ZETA briefly surged to $0.4 before retreating.
Headline News
Bounce Brand: Team Did Not Participate in Any AUCTION Token Price Manipulation
Bounce Brand posted on X platform, hoping to clarify recent community concerns about AUCTION price fluctuations. They emphasized that the team did not participate in any AUCTION token price manipulation. In the past few weeks, some unknown parties have accumulated over 20% of the total AUCTION supply, and their on-chain transfer activities and impact on AUCTION price have attracted widespread attention, leading to a surge in AUCTION trading volume across major exchanges (Binance spot trading volume broke $200 million, with AUCTION futures becoming the third-largest trading pair after BTC and ETH. Upbit spot trading volume exceeded $500 million, surpassing BTC for several consecutive days).
As the primary price discovery market, Binance's hot wallet holdings have dropped to less than 10% of the total supply, with borrowing rates consistently above 80% and financing rates maintained at -2% for multiple periods. Major exchanges have adjusted perpetual contract position limits and risk control measures. To help stabilize market liquidity, they have been actively providing liquidity support for multiple exchanges. Additionally, the team has voluntarily locked approximately 1.5 million AUCTION tokens from funding and team allocations.
Fidelity to Launch Tokenized Fund Investing in US Treasury Bonds, Competing with BlackRock's BUIDL
Fidelity will launch a tokenized fund investing in US Treasury bonds, competing with BlackRock's BUIDL.
Trump Posts on Social Media: I Love $TRUMP
Trump posted on Truth Social: I love $TRUMP, it's very cool, they are all great.
Binance to Launch First Delisting Vote on March 21
Binance announced the launch of a "voting for delisting" mechanism starting March 21, 2025, allowing the community to vote on delisting projects with monitoring labels. The voting period will be 7 days, ending on March 27, 2025, at 23:59 (UTC). Users must hold at least 0.01 BNB and log into a verified account to participate. The voting results will be incorporated into Binance's official review but will not serve as the final decision-making basis.
Industry News
Fidelity Applies to Register "OnChain" Share Class for Tokenized USD Money Market Fund FYHXX
According to a document filed with the US Securities and Exchange Commission (SEC) on Friday, Fidelity has applied to register the "OnChain" share class for its tokenized USD money market fund, Fidelity Treasury Digital Fund (FYHXX), which was launched at the end of last year and holds cash and US Treasury securities.
According to the document, the "OnChain" class of the FYHXX fund currently uses the Ethereum network and may expand to other blockchains in the future. This registration is subject to regulatory approval and is expected to take effect on May 30.
Fidelity Solana Fund Registered in Delaware, USA
According to market information, the Fidelity Solana Fund has been registered in Delaware, USA.
Coinbase in Deep Negotiations to Acquire Crypto Derivatives Exchange Deribit
Coinbase is in deep negotiations to acquire the crypto derivatives exchange Deribit. Some sources indicate that both parties have informed Dubai regulators about the negotiations, as Deribit holds relevant licenses in Dubai. It is currently unclear whether Coinbase has reached a final agreement with Deribit. Bloomberg reported in January that Deribit's valuation could be between $4 billion and $5 billion. This negotiation may not result in an agreement. Sources requested anonymity as they were discussing confidential negotiations.
Project News
... (rest of the text continues in the same translation style)Russian Central Bank Governor Elvira Nabiullina stated that the Russian Central Bank considers cryptocurrency an unstable financial instrument. She reiterated Russia's concerns about crypto asset risks, pointing out its high volatility and difficulty in being widely adopted as a payment or store of value method.
CZ: First on-chain perpetual contract test on APX Finance for long mubarak, just for experience
CZ posted on X platform, "Long mubarak on APX Finance is the first on-chain perpetual contract test. Just wanted to experience it and see if there are still miner extractable value (MEV) opportunities. You might find it hard to believe, but I've never traded futures on Binance (centralized exchange). Although I've seen many product demonstrations."
BlackRock CEO: Bitcoin price expected to rise to $50,000 to $70,000
BlackRock CEO Larry Fink stated that the Bitcoin price is expected to rise to $50,000 to $70,000.
SEC Crypto Special Working Group Head and Commissioner Hester Peirce stated that crypto projects like Stoner Cats that raise funds through Non-Fungible Token should be exempt from securities laws, and revealed that the SEC may soon issue a clarifying statement.
Peirce, in an interview after the SEC's first crypto roundtable, said that the SEC's statement yesterday that "proof-of-work mining is not a security" received positive feedback. She believes Non-Fungible Token may become the next asset class to receive regulatory exemption. She stated that if the SEC could provide a clear framework or reference markers for Non-Fungible Token issuers, it would be extremely helpful.
Previously, Stoner Cats and Flyfish Club were sued by the SEC under former Chairman Gary Gensler for Non-Fungible Token fundraising. Stoner Cats raised $8 million through Non-Fungible Token sales for animation production, while Flyfish Club raised over $14 million through Non-Fungible Token sales for a private restaurant. These Non-Fungible Tokens can be traded on secondary markets and have royalty sharing mechanisms.
Peirce emphasized that even if an exemption is issued in the future, not all Non-Fungible Token projects will automatically be exempt from securities regulation. If a Non-Fungible Token is essentially a securitized token, it will still be subject to relevant regulations.
Additionally, the US Congress is pushing legislation to legalize fundraising activities for Non-Fungible Tokens with equity, membership, or artistic attributes.
Trader Eugene stated in a Telegram group that the current market has entered the fifth stage (long positions losing, price consolidation, trading volume and volatility shrinking). At this stage, some stronger Altcoins have reached their bottom, but it is still uncertain whether the global bottom for most assets has been reached.
Eugene explained that this is the stage he participates least in, mainly because volatility is very low whether rising or falling. He will only try to pick one or two targets that he believes are more defensive than ordinary Altcoins, hoping they will perform better if his bearish judgment is wrong, but nothing more.
The tricky part of the fifth stage is that it could last any length of time. In my view, considering the lack of structural destruction (no companies or projects collapsing), I think we won't stay in this stage as long as the previous cycle, but this is just my speculation. Cryptocurrency may continue to follow stock market trends for some time.
