Cango announced that it will sell its Chinese auto finance business to Ursalpha Digital Limited, which is associated with Antalpha under Bitmain, for US$352 million, and will fully transform into a Bitcoin mining company.

According to the announcement of MARA Holdings, a total of 242 blocks were mined in March 2025, a month-on-month increase of 17%, with an average daily BTC output of 26.8 and a cumulative output of 829 BTC. The company's total BTC holdings increased to 47,531.

A total of 600 million BABY will be airdropped to Phase 1 stakers, Finality Providers, Pioneer Pass NFT holders, and GitHub contributors, accounting for 6% of the total supply.

According to official news, Binance Alpha has launched StakeStone (STO), which is currently priced at $0.061.

Binance announced that it will adjust the label classification of some tokens on April 3. The following tokens will be added to the Watch label: Ardor (ARDR), Biswap (BSW), Flamingo (FLM), LTO Network (LTO), NKN (NKN), PlayDapp (PDA), Perpetual Protocol (PERP), Viberate (VIB), Voxies (VOXEL), and Wing Finance (WING). At the same time, the following tokens will be removed from the Seed label: Jupiter (JUP), Starknet (STRK), and Toncoin (TON).

StakeStone announced the economics of STO tokens, with a total of 1 billion tokens, and the distribution ratios are as follows: 17.87% for the community, 4% for the ecosystem, 15% for the team, 18.65% for the foundation, 7.85% for airdrops and future incentives, 9.13% for marketing, 6% for liquidity, and 21.5% for investors.

First Digital issued a statement saying: “Regarding Sun Yuchen’s recent false accusations against First Digital Trust, the company makes the following solemn response: 1. The dispute only involves TUSD and has nothing to do with FDUSD. First Digital is in a sound financial position and has full solvency.

Justin Sun said in a live broadcast titled "First Digital Trust (FDT) Misappropriation of Public Trust Funds and Aria Investment Scam": "The important reason we chose to deposit in First Digital Trust (FDT) is because FDT is a licensed trust company in Hong Kong. Since the beginning of 2023, FDT has failed to pay investment interest, which has aroused Techteryx's vigilance and began to entrust a professional investigation team to conduct a one-year thorough investigation. With the endorsement of Truecoin Financial Director Alexander Lauren, FDT was appointed as the custodian of TUSD's fiat currency reserves. US$500 million was transferred to a private company account in Dubai without authorization."

Hong Kong legislator Wu Jiezhuang issued a statement on the media reports of the "suspected US$500 million fraud case". Wu Jiezhuang said: "A Web3 company is suspected of being involved in a transnational fraud of US$500 million by a local trust company in Hong Kong. The incident has attracted international and social attention. Many media and financial technology practitioners have asked me for my views and situation. I have the following responses: 1. The incident has attracted widespread attention. I have great confidence in Hong Kong's rule of law system and law enforcement agencies. If the incident is true, the law enforcement agencies will definitely take action to protect the rights and interests of citizens and international investors. 2. Hong Kong has a legal basis and a healthy environment for protecting international investors and the Web3 industry. I call on international investors and technology practitioners not to worry about a single incident and to continue to invest and develop in Hong Kong. 3. My office and the Anti-Fraud Alliance have indeed received more than one case suspected of using the characteristics of trust companies to commit fraud this year. I believe that in the future, society needs to explore how to improve the system of relevant trust companies so that criminals cannot use relevant loopholes to commit fraud. 4. I also believe that relevant departments can strengthen the understanding and education of citizens and practitioners about trust companies to prevent being deceived from the source."