Fox Business News reporter Eleanor Terrett wrote on the X platform that two reliable sources revealed that the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple is nearing its end and may end soon. It is understood that the delay in reaching an agreement is due to Ripple's legal team trying to get more favorable terms for the August federal court ruling. The ruling fined Ripple $125 million and issued a permanent injunction prohibiting the company from selling XRP to institutional investors.

Binance Futures will launch VICUSDT perpetual contracts at 01:00 on March 13th (GMT+8), with a maximum leverage of 75x.

Crypto exchange Binance announced a $2 billion investment with Abu Dhabi-based investment firm MGX. The deal is Binance's first institutional investment to date, the single largest investment in a crypto company, and the largest investment paid in cryptocurrency (stablecoin). The investment is MGX's first entry into the cryptocurrency and blockchain space, and as part of its broad strategy to support blockchain's impact on social change, MGX will acquire a minority stake in Binance.

According to CoinDesk, MEXC Ventures, the investment arm of the crypto exchange MEXC, will invest a total of $36 million in Ethena and its USDe stablecoin. The statement said that the company is making a strategic investment of $16 million in Ethena and purchasing $20 million worth of USDe stablecoins to expand the application of synthetic dollars in DeFi and provide an alternative to legally backed stablecoins.

Nasdaq-listed video-sharing platform Rumble has invested $17.1 million in Bitcoin, adding 188 BTC to its company treasury. The average purchase price per Bitcoin was $91,000.

The Central Bank of Russia, in accordance with the instructions of the Russian President, submitted a proposal to the government for discussion on regulating cryptocurrency investments. The proposal suggests allowing a limited group of Russian investors to buy and sell cryptocurrencies. For this purpose, a special experimental legal regime is planned to be established for a period of three years.

BlockTower Capital’s venture capital arm has spun out as Strobe Ventures, which launched with $235 million in assets under management and plans to raise $100 million for its second fund. Strobe Ventures will double down on investing in early-stage cryptocurrencies with a “high conviction” strategy.

The annual rate of the US core CPI in February was 3.1%, expected to be 3.20%, and the previous value was 3.30%. The monthly rate of the US core CPI after seasonal adjustment in February was 0.2%, expected to be 0.30%, and the previous value was 0.40%. The annual rate of the US CPI after seasonal adjustment in February was 2.8%, expected to be 2.90%, and the previous value was 3.00%. The monthly rate of the US CPI after seasonal adjustment in February was 0.2%, expected to be 0.30%, and the previous value was 0.50%.

Binance Alpha has implemented a comprehensive token review framework to review selected tokens on a regular basis. Given the inherent volatility and rapid development of the cryptocurrency industry, the review process facilitates dynamic adjustments to ensure that all projects on Binance Alpha continue to meet market-driven evaluation standards.

Just as people living by a river will ignore the sound of water, people will become numb and insensitive to information that is presented for a long period of time. However, Trump’s tariff issue has not yet reached the threshold for a long period of time. The reaction on March 11 may be a manifestation of "desensitization", but the deeper reason is more likely that safe-haven funds have withdrawn, and those left in the market are traders who have already priced in the "tariff".

Hyperliquid posted on the X platform: "Regarding the comments and questions about the Ethereum long position of user 0xf3f4, we would like to clarify that there was no protocol vulnerability exploitation or hacking. The user had unrealized profit and loss (PNL), and then withdrew cash, which caused his margin to drop and the position was eventually forced to close. His final profit and loss was about $1.8 million. In the past 24 hours, HLP lost about $4 million. The historical total profit and loss of HLP remains at about $60 million. It should be reminded that HLP is not a risk-free strategy. We will update the maximum leverage of Bitcoin and Ethereum to 40x and 25x respectively to increase the maintenance margin requirements for large positions. This will provide a better buffer for the backup forced liquidation of large positions."

South Korea's financial regulator announced on Wednesday that it plans to release comprehensive guidelines for institutional cryptocurrency investments in the third quarter. The Financial Services Commission made the announcement in a meeting with local crypto industry experts. While investment guidelines for listed companies and professional investors are expected to be released in the third quarter, the Financial Services Commission said it aims to launch investment guidelines for non-profit organizations and cryptocurrency exchanges in April.

According to Lookonchain monitoring, a whale has just deposited an additional $10 million USDC into the Hyperliquid platform and set a limit buy order at $1921. Currently, the whale's Ethereum long position has reached 141,013 ETH (about $271.6 million). Data shows that its average opening price is $1900.28 and the liquidation price is $1805. Earlier news, Hyperliquid 50x bullish ETH whale holds about $270 million in long positions, with a liquidation price of $1,877.