According to Spot On Chain monitoring, qianbaidu.eth, a giant whale that once made a profit of $7.34 million from PEPE, withdrew 506.2 billion PEPE (about $4.4 million) from Binance about 10 hours ago. Its current position is 699.8 billion PEPE (about $5.11 million), with a floating profit of $164,000, an increase of 2.8%. This address is one of the early buyers of PEPE and has achieved a 110% return rate.
According to on-chain analyst Ember, Ethereum co-founder Vitalik Buterin transferred 250 ETH (about $500,000) to the privacy protocol RAILGUN early this morning. Ethereum co-founder Vitalik Buterin has used the protocol to transfer funds many times before, and has said that most of these funds are used for charitable donations. RAILGUN supports on-chain privacy transactions, allowing users to manage assets without exposing their addresses.
According to Decrypt, 34 crypto companies and foundations including Coinbase, Kraken, and Uniswap Labs jointly wrote to the U.S. Congress, asking for clarification of the Department of Justice's broad interpretation of the definition of "fund transmitter" in Section 1960 of the Criminal Code, saying it threatens the development of non-custodial software in the United States. This provision was used to accuse Tornado Cash co-founder Roman Storm, causing industry concerns. The DeFi Education Fund stated that the current practice may convict ordinary developers, and called on Congress to clarify the legislative intent and avoid the trend of "replacing regulations with criminal penalties" in law enforcement.
According to The Block, the U.S. Senate passed a resolution by 70 votes to 28 to repeal the crypto tax regulations issued at the end of the Biden administration, and the bill will be submitted to President Trump for signature. The IRS DeFi broker rule requires some DeFi platforms to report user transaction information and issue 1099 forms as securities brokers, sparking privacy and compliance disputes. White House crypto adviser David Sacks said that the president's senior advisers will recommend signing the bill, which will become the first crypto legislation signed by Trump during his tenure. The DeFi industry welcomed the move, saying it would help protect innovation and technological development.
According to his X platform account, Binance co-founder and former CEO Changpeng Zhao (CZ) has enabled the paid private message function through the ReachMe platform. Users need to pay 0.1 BNB for each message. If they do not reply within 5 days, the system will automatically refund 50% of the fee. All proceeds will be donated to charity. At the same time, ReachMe officials clarified that the platform does not have any official tokens, reminding users to be vigilant against related scams.
According to Bloomberg, stablecoin issuer Tether will spend about 10 million euros to acquire a 30% stake in Italian media company Be Water. Be Water includes podcast production companies Chora Media and Will Media and film and television production and distribution company Be Water Film. The transaction is part of Tether's recent investment boom, and it has previously been involved in agriculture, AI, brain-computer interfaces and other fields. Tether's current USDT market value is about 144 billion US dollars, mainly supported by highly liquid assets such as US Treasuries.
According to Bloomberg, Interactive Brokers announced that it has added four new cryptocurrency trading services: Solana, Cardano, XRP and Dogecoin. These currencies were previously named by Trump on the Truth Social platform and recommended to be included in the US crypto reserves, although the final executive order only covers Bitcoin. The new currencies will be provided through Zero Hash and Paxos, expanding customers' flexibility in crypto asset allocation. Interactive Brokers previously supported mainstream currencies such as BTC, ETH, LTC and BCH.
U.S. stocks closed on Wednesday, with the Dow Jones Industrial Average initially closing down 0.3%, the S&P 500 closing down 1.1%, and the Nasdaq Composite Index closing down 2%. Tesla (TSLA.O) fell 5.5%, Nvidia (NVDA.O) fell 5.7%, Apple (AAPL.O) fell nearly 1%, and Trump Media Technology Group (DJT.O) fell more than 8%. Among blockchain concept stocks, MARA Holdings (MARA) fell 3.23%, Strategy (MSTR.O) fell 3.66%, and Coinbase (COIN.O) fell 5.03%.
According to Bloomberg, OpenAI is close to completing a round of financing of up to $40 billion, with a valuation of $300 billion, setting a record for the largest financing in history. The round of financing was led by SoftBank Group, and other participants included Magnetar Capital, Coatue Management, Founders Fund and Altimeter Capital. SoftBank will invest a total of about $30 billion in two phases, with $7.5 billion in the first phase. This move has greatly increased the basis of OpenAI's valuation of $157 billion in October last year.
According to an announcement issued by the Governor of Wyoming, the Wyoming Stablecoin Committee announced that its fiat-backed, fully-reserved WYST stablecoin has entered the multi-chain testing phase and has been deployed on test networks such as Avalanche, Solana, and Ethereum. WYST is issued by a public entity and is the first such project in the United States. Testing is expected to last until the second quarter of 2025, and it is planned to be officially launched in July. Partners include LayerZero and Stargate. WYST will be over-collateralized by cash and U.S. Treasury bonds, and the interest will be injected into the state education fund.
According to Bloomberg, GameStop announced on Wednesday that it plans to privately place $1.3 billion in convertible senior notes due in 2030. In addition, the company said it would allow initial purchasers to purchase notes with a total principal amount of no more than $200 million. GameStop said in a statement: "The company hopes to use the net proceeds from this offering for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop's investment policy." Earlier this week, GameStop announced that it would include Bitcoin in its reserve assets.
According to Coinbase Assets, Coinbase will list the Ethereum network (ERC-20) assets AltLayer (ALT), Pendle (PENDLE) and Layer3 (L3), and will open ALT-USD, PENDLE-USD and L3-USD trading pairs in stages at 0:00 am on March 28 (Beijing time) after liquidity conditions are met.
According to Coinbase Assets, Coinbase will list the Base chain asset Freysa (FAI) and start phased trading of the FAI-USD trading pair at 0:00 am (Beijing time) on March 28 after meeting liquidity conditions. The official reminds users not to transfer the asset through other networks, as trading may be restricted in some regions.
According to Binance Square, Binance's first "Vote to List" voting ended at 00:59 (Beijing time) on March 27. BNB chain project BANANAS31 ranked first with 19.4% of the votes, followed by WHY project with 18.8%, attracting a total of 185,436 votes. Binance emphasized that the voting results are for reference only, and the final listing of the coin still needs to go through the review process.
According to market news: Hyperliquid said in discord that after discovering suspicious market activities, the validator committee voted to delist JELLY. In addition to the marked addresses, all user losses will be fully compensated by the Hyper Foundation. Compensation will be automatically executed in the next few days based on on-chain data without submitting a work order. The specific implementation plan will be detailed in subsequent announcements. Like other blockchains, validators often need to be convened as a group to take decisive action to ensure the integrity of the network. Improving the robustness and transparency of the voting system is a top priority.
Hyperliquid has forced JELLY longs to sell their positions to the vault at a 75% discount to the oracle price. According to on-chain analyst Ember, Hyperliquid has closed 392 million JELLY short positions at a settlement price of $0.0095, which was the price at which the 0xde9...c91 short address opened a short position. The current JELLY price is $0.025.
According to market news, Hyperliquid delisted JELLYJELLY and settled at a preferential price ($0.0095) without losing any funds.
@ai_9684xtpa published a review of the attack on Hyperliquid vault again: 1. The 50x leveraged whale on Hyperliquid previously used the Hyperliquid mechanism to "actively liquidate 160,000 ETH long positions" and withdraw $1.857 million in profits; 2. More scheming target selection: At that time, the 50x leveraged whale on Hyperliquid chose ETH as its target, but this time the attacker's target was Memecoin $Jellyjelly, which has a depth gap of N times, making price manipulation much easier 3. Opening an airdrop to set bait: Address 0xde9...f5c91 opened a $4.08 million $JELLY short order on Hyperliquid, with an opening price of $0.0095 and a margin of 3.5 million USDC 4. Re-enacting active liquidation: Another address Hc8gN...WRcwq After the short position was opened, the spot market was smashed to lower the coin price, creating floating profit space for the short position. At the same time, the opening address withdrew a margin of 2.76 million USDC, and the same trick was used again, so that the position liquidation was taken over by the treasury and then bought back to empty the treasury: the two waves of intensive buying starting at 21:01 and 21:45 further magnified the floating loss of the treasury, until the huge amount attracted the attention of the market. As long as jellyjelly does not fall, HLP retail investors will withdraw their funds, and the more they withdraw, the lower the liquidation price will be, which can be understood as "those who run early are taking advantage of those who run late", and then there will be a run on HLP, and in the end, perhaps no jellyjelly will be needed to pull much money from the vault before it is forcibly liquidated due to insufficient margin... However, the TVL of HLP has now dropped by about 20 million US dollars, and the liquidation price of short orders has dropped to around $0.14. The last buy operation of the address that manipulated the coin price 1 hour ago, the address currently holds 124 million jellyjelly (worth 4.86 million US dollars), making it the TOP1 holding address on the chain. The address currently has no more funds to buy, which is also the main reason for the subsequent large fluctuations in the coin price. As one of the main competitors of Hyperliquid, if Binance releases related benefits, such as launching jellyjelly spot or other products, it will directly kill the competition.
According to market news: Hyperliquid delisted JELLYJELLY after launching perpetual contracts on Binance and OKX.
According to the official announcement, Binance Futures will launch perpetual contracts at the following times: 2025-03-27 00:00 (GMT+8): JELLYJELLYUSDT perpetual contract, with a maximum leverage of 50x 2025-03-27 00:15 (GMT+8): PLUMEUSDT perpetual contract, with a maximum leverage of 25x Please note that JELLYJELLY (LINK) perpetual contracts are already available on the Binance Alpha market.
According to the monitoring of on-chain analyst Yu Jin, Hyperliquid's HLP vault is unlikely to be liquidated. At most, the liquidator address of Hyperliquid (that is, the address that currently takes over the $JELLY short order) will be liquidated, and the other two strategy addresses of the HLP vault will not be affected. The liquidator address has $50 million in funds, and the current liquidation price of the 398 million $JELLY short orders is $0.141. The current $JELLY price is $0.033. In other words, in order to "explode" the liquidator address, JELLY will have to increase by more than 3 times.
According to the official announcement, OKX will officially launch the JELLYJELLYUSDT perpetual contract on the web, App and API at 11:30 pm (UTC+8) on March 26, 2025. The JELLYJELLYUSDT contract trading opening time is: March 26, 11:30 pm (UTC+8).
In response to a certain address today imitating the 50x leveraged whale operation on Hyperliquid and dumping 398 million JELLY short orders to Hyperliquid, causing the Hyperliquid vault to face liquidation and losses, Sonic Labs co-founder Andre Cronje posted on the X platform: I hate this practice (using the Hyperliquid mechanism). The position size should not be a fixed function formula of leverage, but should depend on available liquidity and actual volatility. For example, a small position can be leveraged 1,000 times and a large position can be leveraged 1.2 times. In the DeFi field, the leverage multiple cannot be set to a fixed value.
In response to community users’ suggestion that Binance could consider listing jellyjelly, He Yi responded on the X platform: “OK, got it.”
According to The Block, K33 analysts said that although the cryptocurrency market has been in a quiet upward trend in the past few weeks due to the US government's statements showing a moderate attitude towards tariffs and a slightly dovish stance of the Federal Reserve, there are still eight days until President Trump's "Liberation Day", and the market volatility caused by tariffs may further intensify. However, the most severe de-risking phase of BTC seems to have ended, and the market is now returning to a wait-and-see attitude, but some traders are slightly optimistic and remain relatively passive and defensive, not completely bullish. Analysts believe that if Trump's stance softens, the market may rebound. If the ambiguity continues, volatility may affect both long and short positions; if a hard line is taken, a sharp drop may occur-similar to past tariff-related declines.
According to Techstartups, Grok, an AI application created by Musk's artificial intelligence company xAI, has officially landed on Telegram, enabling it to access a messaging platform with more than 1 billion monthly active users. It is reported that Telegram Premium users will not need to pay extra. Analysts believe that the introduction of Grok to Telegram may give it an advantage in the competition with WhatsApp and Signal.
Tether officially announced that T3 FCU (T3 Financial Crime Unit) announced today that it has frozen $9 million in funds related to the Bybit hacker. Tether CEO Paolo Ardoino said that Tether is committed to stopping the actions of criminals. Through T3 FCU, close cooperation with other partners and global law enforcement agencies will ensure that stablecoin technology is not only transformative, but also safe, transparent and not easily exploited.
According to CoinDesk, the cryptocurrency exchange Bitso announced the establishment of a subsidiary, Juno, which will issue and manage digital assets including stablecoins. The first token issued by Juno is the fully-backed Mexican Peso stablecoin (MXNB), which aims to promote cross-border payments and financial transactions in the region. To support the adoption of its stablecoins, Juno launched the Juno Mint platform, which provides companies with APIs and tools for issuing, exchanging and converting MXNB, and realizes the entry and exit of legal currency with Mexico's SPEI banking system.
According to @ai_9684xtpa’s monitoring, the MOVE treasury address transferred 13.35 million tokens worth $7.23 million to the DWF Labs associated address three hours ago. Arkham marked the address as belonging to DWF, but its parent funding source address also had financial transactions with Wintermute/Jump Crypto, so it is not yet clear which institution it belongs to.
According to The Block, Bernstein: Strategy is expected to double its Bitcoin holdings to 1 million. After disclosing the latest Bitcoin holdings, Bernstein has rated Strategy as outperforming the market, with a 75% increase in the target price to $600. In addition, Bernstein analysts expect Bitcoin to reach a cyclical peak of around $200,000 by the end of 2025, $500,000 by the end of 2029, and $1 million by the end of 2033, with intermittent one-year bear markets.
At the opening of the U.S. stock market, the Dow Jones Industrial Average rose 0.16%, the S&P 500 fell 0.08%, and the Nasdaq fell 0.3%. GameStop (GME.N) rose more than 13% after the results.
According to The Block, Bloomberg analyst James Seyffart said that the XRP ETF may be launched in the next few months, and it is likely that the XRP futures ETF will be seen first. Since the US SEC decided to withdraw the Ripple lawsuit, the probability of the XRP ETF being approved in 2025 has increased. In an interview with Bloomberg TV, Ripple CEO Brad Garlinghouse revealed that the XRP ETF may be launched in the second half of 2025. Currently, there are about 11 XRP ETF issuance application documents from different companies waiting for approval from the US Securities and Exchange Commission. "
According to Arkham monitoring data, the top three holdings of Binance Alpha Wallet are mubarak, USDT and Broccoli. Specifically: 1. Mubarak holdings are approximately 47.492 million, worth US$6.85 million; 2. USDT holdings are approximately 2.505 million, worth US$2.51 million; 3. Broccoli holdings are approximately 32.494 million, worth US$1.7 million.
Michael Saylor, founder of Strategy (formerly MicroStrategy), posted on the X platform that the company's latest preferred stock STRF (Strife) is scheduled to be listed on the Nasdaq today. Earlier news, according to the disclosure documents of the US Securities and Exchange Commission, several Strategy insiders bought its latest preferred stock, involving the company's CEO, CFO and other senior executives. Among them, CEO Phong Le bought 6,000 shares of preferred stock at a price of US$85, CFO Andrew Kang bought 1,500 shares, and General Counsel Wei-Ming Shao bought 500 shares.
According to data from Coingecko and GeckoTerminal, the 24-hour spot trading volume of Particle Network token PARTI exceeded US$1 billion, the contract trading volume exceeded US$4 billion, the number of on-chain coin holders exceeded 170,000, and the on-chain transaction popularity surpassed Fartcoin to rank first.
Kaito AI posted on the X platform that it will launch a continuous KAITO reward program from April. $5,000 of sKAITO will be distributed weekly between the top 50 Yappers and the top 50 emerging Yappers, which means that people who publish high-impact crypto content will receive continuous rewards. In this way, our strategic KAITO reserves will be given back to the community.
According to Unionesarda, Brendan Blumer (BB), CEO of Block.one, the parent company of Vaulta (formerly EOS Network) and Chairman of Bullish, recently bought the Romazzino villa for nearly 170 million euros. Apart from Villa Certosa, this transaction is the highest-value transaction in the history of real estate in Sardinia and even Italy. The media disclosed that the mansion Brendan Blumer bought this time is located in Romazzino, one of the most luxurious mansions on the Costa Smeralda. It is the former residence of Ahmed Zaki Yamani, the former Saudi oil minister. The mansion has a 350-meter coastline and covers an area of 2.3 hectares. It has 28 bedrooms, 35 bathrooms, a spacious terrace, two private beach entrances, two exclusive docks, three swimming pools, and about 23,000 square meters of gardens and supporting facilities.
According to Business Insider, GameStop has previously stated in a brief statement that the board of directors has unanimously approved the updated investment policy to use Bitcoin as the company's financial reserve asset. This move is not entirely unexpected, as there have been many rumors in the market about GameStop and its CEO Ryan Cohen's Bitcoin layout in the past few weeks. In the 10-K filing, GameStop revealed that the company may invest part of its cash, debt or equity financing in Bitcoin in the future. "We have not set an upper limit on Bitcoin holdings and may sell the Bitcoin we hold." GameStop also released its fourth-quarter financial report on Tuesday night. Data shows that as of February 1, the company's revenue for the quarter was US$1.283 billion, a sharp drop from US$1.794 billion in the same period last year.
Kirill Kretov, a trading expert at CoinPanel, an automated cryptocurrency trading platform, warned investors to be extra cautious in the current environment. At this stage, retail investor activity is low, trading volume is thin, and even the so-called smart money is on the sidelines. It is no coincidence that the forces that can really drive the market choose to stay put. Kirill Kretov believes that long-term Bitcoin holders who have experienced previous cycles are still holding on to their positions, waiting for a higher exit price. This "reluctant to sell" behavior creates market selling pressure and exacerbates the fragility of price fluctuations. Although volatility may clean out retail investors with excessive positions, he pointed out that only a "complete clearing" of long-term holders forced to sell can create a "pure stage" for large investors to establish new positions. Any rebound before that is full of danger.
