PANews reported on March 28 that according to the official account of the Ezhou Intermediate People's Court, the Ezhou Court recently successfully concluded two virtual currency network fraud cases. A fraud gang consisting of 34 defendants carefully planned and implemented fraud with the help of a new virtual currency trading platform. Nearly 30,000 people were defrauded in just one year, and the amount involved was 460 million yuan. It is reported that the fraud gang set up the "OURBIT Digital Currency Trading Platform" (Obit Platform), claimed to be "registered in Singapore" and other gimmicks, forged trading K-line charts based on the Bitcoin market trading price, and fabricated the illusion of 9 virtual currency transactions.

Funding rate arbitrage strategy is one of the more stable income strategies in the crypto market and is favored by institutions. However, for ordinary investors, this strategy is extremely difficult to implement and is often "visible but not achievable". This article will deeply analyze the basic principles and specific methods of funding rate arbitrage, as well as the core competitiveness of institutions in this field, to help readers fully understand its essence and application.

This report will conduct an in-depth discussion on the development status, technical architecture, compliance challenges, impact on the payment system, and future trends of stablecoins, analyze how they drive changes in the payment industry, and evaluate the strategies of major market participants.

PANews reported on March 28 that according to the Binance APP page, Binance Alpha has launched GhibliCZ (Ghibli) and Ghiblification (Ghibli). The introduction is as follows.

ChatGPT-4o has launched a powerful image generation function. The images generated by GPT-4o this time are not only "good-looking", but more importantly "practical", and are the savior of the majority of Web3 operators.

Will the era come when style equals ownership and ownership equals value?

According to Hyperliquid's announcement, due to abnormal trading events in the JELLY market, users holding JELLY long positions will be compensated at a price of 0.037555 at the time of settlement. Except for the marked addresses, this compensation is beneficial to all JELLY traders.

The U.S. Securities and Exchange Commission (SEC) has formally terminated its civil enforcement actions against Kraken (Payward, Inc. and Payward Ventures, Inc.), Consensys Software Inc., and Cumberland DRW LLC, dismissing the cases “with prejudice.”

According to Reuters, French state-owned investment bank Bpifrance plans to invest up to 25 million euros (about 26.95 million U.S. dollars) in purchasing niche cryptocurrencies to support French cryptocurrency projects.

Binance will launch Mubarak (MUBARAK), CZ'S Dog (BROCCOLI714), Tutorial (TUT) and Banana For Scale (BANANAS31) at 05:00 (GMT+8) on March 28, 2025, and open the following spot trading pairs: MUBARAK/USDT, MUBARAK/USDC, BROCCOLI714/USDT, BROCCOLI714/USDC, TUT/USDT, TUT/USDC, BANANAS31/USDT, BANANAS31/USDC.

Abound, a remittance app spun out of Times Internet in 2023, has raised $14 million in its first external funding round. The seed round was all equity-funded and was led by NEAR Foundation, with participation from Circle Ventures, Times Internet, and other investors. The company plans to use the new funds to expand its business scope, increase its product offerings, and improve its technical infrastructure.

According to Whale Alert monitoring, USDC Treasury minted 50 million new USDC on the Ethereum chain.

Fox Business reporter Eleanor Terrett tweeted that Paul Atkins, President Trump’s nominee for SEC Chairman, plans to abandon the previous administration’s heavy-handed enforcement approach: “It takes industry experience and focused application to ensure that customers and investors benefit from efficient, effective, and well-designed regulation. Our mission at the SEC should be to facilitate these efforts and, when necessary, use enforcement powers to correct and rectify wayward behavior.” On digital assets: “My first priority as Chairman will be to work with my fellow Commissioners and Congress to provide a solid regulatory foundation for digital assets through a reasonable, coherent, and principled approach.”

Ethereum core developer Terence tweeted that the Ethereum testnet Pectra is tentatively scheduled to be launched on the mainnet on April 30. Waiting for the next core developer to solve some unresolved minor issues and conduct a comprehensive confirmation.