BlockBeats will organize the key industry news content of the week (3.17-3.23) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
Binance launches "Voting for Coin Listing", 9 memes join, Wallet launches 6-month free transaction fee event
On March 20, Binance officially announced that it will launch the first voting for coin listings, inviting users to vote for the first batch of tokens to be listed on Binance under the official post on Binance Square. The first batch of voting for coin listings is limited to tokens based on the Binance Chain (BNB Chain), and future voting rounds will be expanded to all tokens in Binance Alpha. The first batch of tokens include BANANAS31 (Banana For Scale), BID (CreatorBid), Broccoli (Broccoli), Broccoli (CZ'S Dog), KOMA (Koma Inu), SIREN (SIREN), mubarak (mubarak), TUT (Tutorial), and WHY (why). Related reading: " Binance launches "Voting for Coin Listings", 9 memes are selected, how can users participate?" 》In addition, Binance Wallet announced that starting from 16:00 on March 17, 2025, all exchange trading pairs in Binance Wallet will enjoy zero transaction fees. The event will end at 16:00 on September 17, 2025.
The true identity of the “50x leveraged profit whale” is controversial: in reality, it is a cyber criminal
The mysterious whale that frequently operates on Hyperliquid has attracted much attention in the industry due to its extremely high winning rate. The whale made a profit of about 20 million US dollars between January and March 2025 through high-leverage positions. And its precise "stepping" order opening behavior has also been suspected by many people as a "rat warehouse" of the Trump Crypto Group. However, on March 18, the chain detective ZachXBT said that the "50x leveraged profit whale" that the market is concerned about is actually a cyber criminal who uses stolen funds for gambling.
The investigation found that this person used casino game loopholes and phishing attacks to obtain funds and conducted high-leverage transactions on Hyperliquid and GMX through multiple wallets. Eventually, the whale was traced to William Parker (formerly known as Alistair Packover), a former criminal with multiple fraud and gambling criminal records. Currently, the funds are mainly stored in an Ethereum address. Related reading: " The identity of the 50x Hyperliquid whale is revealed. Is it a scammer who made the headlines in British news? "
Movement Co-founder: MoveDrop will be launched in April and will provide additional incentives
Rushi Manche, co-founder of Movement Labs, responded to the recent airdrop controversy on X, saying, "MoveDrop is coming soon (confirmed to be launched in April). Before that, several key issues need to be resolved: · Ensure that TVL is bridged from Cornucopia, Parthenon is ready, there are no additional conditions for claiming, prevent Sybil Activity, and provide additional incentives. We will ensure that the MoveDrop process is smooth and there will be no delays."
OKX DEX aggregator service suspended, multiple API trading robots affected
On March 17, OKX officially announced that after consultation with regulators, it has decided to temporarily suspend DEX aggregator services in order to carry out more security upgrades and prevent further abuse. As a result, related limit orders and cross-chain orders will be automatically revoked. OKX said that the specific recovery time will depend on the progress of the upgrade. During this period, users can still trade by jumping to third-party protocols, and other services of the OKX Web3 wallet will not be affected. Related reading: " DEX aggregation products press the pause button, OKX is a bit wronged "
BNB Chain has seen multiple memes, with CZ and He Yi promoting the public chain
This week, under the leadership of CZ, multiple meme tokens emerged on BNB Chain. CZ and He Yi will choose a few of them to interact with, thus building momentum for BNB Chain. With the weak Solana meme market, market funds began to flow into BNB Chain. On March 22, BNB Chain (BSC) TVL exceeded 7 billion US dollars and is now reported at 7.06 billion US dollars. In 24 hours, the DEX transaction volume on BSC reached 2.61 billion US dollars, the leveraged contract transaction volume reached 93.47 million US dollars, the net inflow of funds reached 28.1 million US dollars, and the number of active addresses reached 1.21 million.
Trump delivered a video speech at the Digital Asset Summit, but did not announce any new policies
The total length of the speech by US President Trump at the 2025 Digital Asset Summit was only about 2 minutes, all of which were "formal remarks" without any new content. It was not as previously reported by reporter Eleanor Terrett that Trump would announce his subsequent encryption policy at the US Digital Asset Summit. Judging from the live broadcast of the summit, the live broadcast room barrage has been vertically screened by the disappointed comments of followers.
AUCTION tokens surged 500% in a single week, and users questioned the violent harvesting by the market makers
Bounce Brand's ecological token AUCTION has bucked the trend and shown outstanding growth performance during this period. Since hitting a low of $7 in early February, the price of AUCTION has been rising all the way, reaching $68 on March 21, not only refreshing the price high of the past year, but also achieving a maximum increase of over 470% in just one and a half months, far exceeding the market average. The violent pull-up also brought about extremely high funding rates. All trading platforms have reached the limit of around -2% and maintained it for several days. Many users expressed on social platforms that the completely unreasonable price trend was the result of malicious manipulation by the dealer behind the scenes. Related reading: " AUCTION soared nearly 500% in 50 days. Is it a "dealer" operation or a potential value discovery? "
Shenyu: Strategy amplifies Bitcoin's high volatility by 2.5 times and passes it to US stocks, and professional institutions use it for arbitrage
On March 17, according to the analysis of Shenyu, co-founder and CEO of Cobo, Strategy (MSTR) amplified the high volatility of Bitcoin by 2.5 times and passed it to the US stock market through clever design. Professional institutions use this high volatility to arbitrage and obtain short-term profits; MSTR obtains cash through the issuance of convertible bonds and ATM additional issuance to hoard a large amount of Bitcoin; ordinary shareholders bear the risk of drastic stock price fluctuations and short-term declines, but passively obtain the "Bitcoin income" of increasing Bitcoin per share; Bitcoin holders benefit from the continuous inflow of market funds and the rise in Bitcoin prices.
Acting Chairman of the U.S. SEC: Considering canceling or modifying proposals on investor asset protection during Biden’s term, including cryptocurrencies
On March 18, the acting chairman of the U.S. Securities and Exchange Commission (SEC) said that it is considering adjusting the monthly reporting rules for mutual funds and ETFs’ portfolio holdings. It is considering canceling or modifying proposals put forward during Biden’s term regarding investor asset protection (including cryptocurrencies).
EOS to be renamed Vaulta, focusing on Web3 banking
On March 19, EOS Network announced that it would change its name to Vaulta and shift its focus to Web3 banking. The transformation is accompanied by a token swap that is expected to be scheduled at the end of May. At the same time, the Vaulta Banking Advisory Board was launched, a team of experts from the financial and blockchain industries dedicated to bridging the gap between traditional banking and decentralized systems. The committee members include executives from Systemic Trust, Tetra, and ATB Financial. Vaulta plans to retain its technical infrastructure from EOS Network, including smart contract architecture, decentralized databases, and inter-blockchain connectivity. As part of its Web3 banking initiative, the platform will integrate with exSat, a digital banking solution focused on Bitcoin. Vaulta will leverage multiple partnerships with Ceffu, Spirit Blockchain, and Blockchain Insurance to expand its Web3 banking ecosystem.
YZi Labs Announces Investment in Plume Network
On March 17, YZi Labs announced its investment in Plume Network, aiming to bring real-world assets on-chain and advance RWAfi. Plume is building an EVM-compatible environment that can not only introduce diverse RWAs, but also connect them to a composable RWAfi ecosystem to give them practicality. Plume's mission is to tailor blockchain infrastructure for crypto-native users and institutions. After successfully completing a testnet with more than 18 million wallets and establishing partnerships with more than 180 protocols, Plume not only brings the real world to the chain, but also bridges the gap between decentralized finance (DeFi) and traditional finance, aiming to unleash the full potential of RWAfi. Related reading: "Understanding Plume Network: A 20% rise against the trend, Binance's exclusive L1 for RWA"
Crypto KOL: WhiteRock is suspected to be launched by the RUG criminal team, users need to pay attention to safety
On March 16, crypto KOL He Bi tweeted that the on-chain brokerage project WhiteRock was suspected to be launched by the ZKasino team, and users need to pay attention to safety. ZKasino had previously robbed users of a total of 10,500 ETH (worth over $30 million at the time). Related reading: "ZKasino is making a comeback? The new project WhiteRock is said to be the same team "changing its shell" and returning"
Solana Futures Officially Launched on CME
On March 17, Solana futures were officially launched on CME, and CME currently offers two new contract sizes: micro contracts covering 25 SOLs and large contracts covering 500 SOLs. Giovanni Vicioso, global head of cryptocurrency products at CME Group, said, "As Solana gradually becomes the preferred platform for developers and investors, these new futures contracts will provide a capital-efficient tool to support their investment and hedging strategies."
Crypto.com Forces Through Controversial Vote to Reissue 70 Billion Destroyed CRO Tokens
On March 18, the final vote on "Crypto.com re-issuing 70 billion destroyed CRO tokens" was: 61.18% in favor, 17.61% against, 20.11% abstentions, and 0.11% vetoes. The participation rate of the vote finally reached 70.18%. For most of the voting period of the proposal (March 2-16), the support votes barely exceeded the opposition votes, but the proposal could not take effect because it did not reach the required 33.4% threshold of voting. It was not until last Sunday that 335 million CRO tokens were added to the support votes, thus reaching the required threshold. With the vote passed, the Cronos blockchain will be upgraded to mint 70 billion new CRO tokens. These upcoming tokens will be gradually unlocked over five years and used for a variety of functions, including funding for a potential CRO ETF.
Canary Funds submits first SUI ETF application to the US SEC
On March 17, according to official news, Canary Funds submitted the first SUI ETF application to the U.S. Securities and Exchange Commission (SEC). If approved, this ETF will provide investors with direct access to SUI spot exposure, further promoting institutional adoption.
Mask Network founder: The content of the decentralized writing platform Mirror has not been uploaded to the chain for two months
On March 17, Mask Network founder Suji Yan disclosed that since 12:38 am on January 13, 2025, all articles on the decentralized writing platform Mirror have only been stored on the server and not on the chain. This situation has lasted for two months. Related reading: "The rise and fall of Mirror: From the pioneer of Web3 content revolution to a sample of "decentralized bubble""
This week's hot articles
"Solana's advertisement failed. Should public chains take a political stance?"
Solana and Base recently had a dispute over ideological issues, reflecting the differences in the political stance of blockchain projects. Solana released an advertisement suggesting that some modern ideologies hinder innovation, which was later deleted but has been minted by the community, and Base also released a short video in response. Solana was once accused of wavering in its position for supporting "Black Lives Matter", while Ethereum insisted on decentralization and political neutrality. Projects such as Solana and Base are gradually moving closer to Trump, while Ethereum remains independent, showing the competition for political discourse power in the public chain ecosystem. The crypto world is moving from technological competition to ideological competition, and decentralized beliefs are facing challenges in the real law of survival.
People who left the Telegram mini-game
The TON ecosystem was once regarded as a traffic gold mine for Web3, but it declined rapidly after a brief boom. The Telegram mini-games in the TON ecosystem attracted a lot of money, and hundreds of games emerged in a short period of time. The TVL increased 70 times, and the price of TON once rose from US$2 to US$8. However, the extremely low customer acquisition cost led to a false prosperity of data, the proportion of real users was extremely low, and the ecological traffic became a black box controlled by the project party and the studio. There was a serious factional struggle within the TON Foundation, key resources were in the hands of the Russian team, and the core ecological construction was gradually dominated by the TOP organization. The TON Foundation's strategy swayed and suddenly turned to the DeFi track, causing the mini-game developers to lose support. Coupled with the arrest of the founder of Telegram and the frequent listing of coins on trading platforms, which led to market overdrafts, the TON ecosystem quickly slid to a low point, and the "traffic explosion outlet" expected by Web3 eventually became a short-lived speculative game.
"CZ's "Post-Binance Era": 363 tweets in 170 days, busier than when he was CEO?"
Since CZ stepped down as CEO of Binance, he has become more active, frequently tweeting and participating in various activities. He has not only invested in fields such as decentralized science (DeSci) and biotechnology, but also demonstrated strong market influence through the operation of Meme coins, promoting the Meme economy on BNB Chain. At the same time, he is also committed to founding Giggle Academy, using blockchain technology to reconstruct the education system, emphasizing the improvement of retention rate through gamified learning, and advocating the replacement of traditional academic qualifications with actual ability assessment. CZ's transformation is not only a reshaping of his personal brand, but also marks his new role in the crypto ecosystem.
《Andre Cronje's latest interview: "I'm not in the crypto to make money" | In-depth dialogue》
In this article, Andre Cronje shares his original intention to enter the crypto industry, his views on the current state of the industry, and his future prospects. He mentioned that he was not driven by money, but was attracted by the industry's innovative potential. Although the current industry is full of low-quality projects and capital flow problems, he still insists on solving the problems in the industry. Andre discussed the impact of Meme coins on capital flow, compared the differences between the ICO era and now, and pointed out that the progress of infrastructure has been completed by 50%-60%, but breakthroughs are still needed. He also emphasized that future innovation will come from "crypto-native" developers, and hopes to promote the development of decentralized exchanges and infrastructure, and ultimately realize the transformation of the financial industry.
STO: The possibility, path and long-term impact of US stocks on the blockchain
STO (Securities Tokenization) has regained attention in the crypto space, especially after Coinbase CEO and CFO proposed a plan to restart stock tokenization, and it has become a hot topic. The topic was first mentioned in 2020, but it failed to move forward due to an unfavorable regulatory environment. Recently, with the SEC's abandonment of the Coinbase lawsuit and the government's more friendly attitude towards cryptocurrencies, Coinbase intends to tokenize its stocks and plans to issue them on the Base chain. The main advantage of stock tokenization is that it can break geographical restrictions and transform traditional financial markets into global markets. In addition, stock tokenization may also bring greater value by empowering stocks and expanding their functions, transforming them from simple shareholder certificates to multi-functional tools that can be used for pledges, payments, etc.
"Ethena launches new public chain Converge, will stablecoin become the leader of DeFi+TradFi?"
Converge is a settlement network driven by Ethena Labs and Securitize, which aims to integrate traditional finance and DeFi, build a high-performance EVM-compatible network with USDe and USDtb as core assets. By supporting institutional capital inflows and tokenized assets, Converge will provide permissionless and license-free financial applications, promote the deep integration of traditional finance and crypto finance, and the mainnet is scheduled to be launched in the second quarter.
Mirror was once a pioneer in Web3 content creation platforms, promoting content ownership and revenue for creators. However, due to strategic fluctuations, product shortcomings, regulatory pressure, and user growth difficulties, the platform gradually declined. Although it once received widespread attention in the crypto community, its deviation from the concept of decentralization, the concentration of key data, and its economic model similar to that of Web2 platforms led to a breakdown in user trust. In the end, Mirror was acquired and transformed, marking the failure of the Web3 content platform and the collapse of the concept of decentralization.
From becoming rich overnight to returning to zero, a "crypto veteran" reflects on speculation
The author of this article reviews his experience in cryptocurrency investment and shares the three major lessons he learned from greed, emotional investment, and lifestyle traps. He suffered heavy losses in the 2018 bear market by blindly pursuing Altcoin investment, and then lost everything through futures trading. In March 2020, the Bitcoin flash crash made him completely withdraw from the crypto field and switch to film production. In the end, he realized that greed, emotional investment, and improving living standards too quickly were the root causes of failure.
Crypto market makers play a key role in the market, but there are also irregular behaviors. Market makers can be divided into active and passive types. Active market makers may profit from manipulating market prices, or even cooperate with project parties or manipulate currency prices. In the past, there have been many cases of market makers being investigated by regulators, such as Jump Crypto and Cumberland DRW. Common manipulation methods used by market makers include wash trading, pumping and dumping, etc. Many market makers also participate in investment projects to influence the market by providing liquidity or financial support. Project parties usually choose multiple market makers to diversify risks, but the lack of regulation and supervision makes it difficult to effectively restrain these behaviors.
BSC has recently vigorously promoted the Meme ecosystem, promoting the overall on-chain ecosystem through liquidity incentives, ecological cooperation and infrastructure development. However, although liquidity and users have increased in the short term, the long-term effect is not significant. BSC's TVL and on-chain activity have fluctuated, especially the Meme-related liquidity incentive plan has not brought stable user growth. Although the Meme token has performed well in the market and other tokens have generally fallen, the overall effect has not surpassed the performance of other chains.
Aave announced the launch of the RWA program Horizon on March 13, allowing institutions to use tokenized money market funds as collateral to borrow stablecoins, and plans to migrate to Aave V4 in the future. However, the community has strongly questioned Horizon's possible issuance of new tokens and its profit distribution mechanism, believing that this move will dilute the value of AAVE, harm the interests of long-term holders, and question the motivations of Aave Labs. Faced with continued opposition, founder Stani first tried to explain, but eventually compromised on March 16 and promised to use only AAVE tokens. This incident highlights the challenge of how Aave balances institutional needs with community interests when exploring the RWA field.
Solana has recently been frequently sandwiched due to MEV-related issues, and users have complained about being "sandwiched". Some traders lost a lot of SOL when selling $GANG tokens due to routing problems, and analysis pointed out that some Jito validators may have leaked data, causing attackers to profit in advance. Although the Solana Foundation has taken measures to remove malicious nodes, attackers continue to monitor transactions through private RPCs. Compared with Ethereum's MEV-Boost to limit transaction manipulation, Solana is more difficult to prevent due to the relatively concentrated number of validators. Faced with the current situation, users can reduce slippage and turn on anti-MEV protection to reduce risks, but if the problem persists, Solana's ecological reputation may be affected.
"Why will single new energy assets no longer be a hot spot in the RWA market?"
The new energy market is cooling down, and single new energy assets are facing challenges of saturation, insufficient liquidity, and policy uncertainty. Traditional investment and financing models are difficult to adapt to market changes, and cross-industry asset portfolios are becoming a new trend in the RWA market. New energy + AI computing power, transportation, logistics, commodities, agriculture and other cross-industry integration models not only increase asset returns, but also create new investment opportunities. In the future, RWA investment needs to break traditional boundaries and explore diversified asset portfolios to achieve higher returns and more stable market adaptability.
"Bitcoin under the shadow of the trade war: How to find a balance between risk and risk aversion?"
Bitcoin's status as a safe-haven asset has been questioned in recent years, especially under global economic pressure and market volatility, where Bitcoin has not performed as well as traditional safe-haven assets such as gold. Many experts believe that Bitcoin is too volatile to be a safe-haven asset. Despite its potential to store value in the long term, Bitcoin is more often seen as a speculative asset that is highly correlated with risky assets such as technology stocks. Bitcoin's dual nature means that it may perform differently in different economic scenarios, and it may be used as a safe-haven asset in certain situations, but it may also be greatly affected by market turmoil.
"Strategy restarts the "buy, buy, buy" mode? A full analysis of the new financing plan"
Strategy (formerly MicroStrategy) plans to issue up to $21 billion of 8% Series A perpetual preferred stock, which is an innovation in the company's financing method. Unlike previous reliance on debt financing and stock issuance, preferred stock does not rely on company performance and has no fixed maturity date, providing greater financing flexibility. Although the dividend is higher (8%), it avoids the repayment pressure of traditional debt financing. This financing method may bring more stable capital inflows to Strategy, especially for the purchase of Bitcoin. However, the market has doubts about whether it is suitable for the current sluggish market, believing that this may increase volatility risks.
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