BlockBeats will organize the key industry news content of the week (3.24-3.30) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
Hyperliquid Vault was attacked by a whale, the exchange launched the $JELLYJELLY contract to "help"the whale, and Hyperliquid urgently removed the token
On the evening of March 26, an address opened a long order of 250 million $JELLYJELLY on Hyperliquid at a price range of 0.0095. 10 minutes later, another address opened a short position of 398 million $JELLYJELLY on Hyperliquid perpetual futures, and purchased $JELLYJELLY spot on the chain, artificially raising the spot price of $JELLYJELLY, removing the margin in the short position, and triggering the liquidation mechanism of HLP, that is, when the price of $JELLYJELLY falls, HLP will use Hyperliquid Vault funds to act as a counterparty during the liquidation period and inherit the short position. The whale address continued to buy back $JELLYJELLY, and low liquidity caused the price to soar. At this time, HLP had a passive short position of 398 million $JELLYJELLY, which had caused HLP to lose nearly $12 million.
OKX and Binance announced the launch of JELLYJELLY perpetual contracts, further raising the token price, and the Hyperliquid vault faced challenges. However, as a DEX, Hyperliquid also discovered the suspicious market activity and claimed in a short period of time that it had voted with validators and decided to remove the JELLY perpetual contract. In addition to the marked address, all user losses will be fully compensated by the Hyper Foundation. The on-chain behavior was directly liquidated at a price of $0.0095. According to the lian sha g, Hyperliquid did not lose any funds in the end and even made a profit of $700,000 in this liquidation. Related reading: "Hyperliquid was attacked again, and "pulling the network cable" saved $200 million | Timeline" , "Hyperliquid "pulling the network cable" forced settlement: causing a sharp decline in TVL, and USDC's outflow trend is obvious" , "Hyperliquid's trapped beast fight: three-party game, the winner is the king"
GPT-4o launched image generation function this week, Ghibli style pictures became popular, and the meme coin with the same name soared
On March 26, the image generation function of GPT-4o was officially launched and will be gradually opened to ChatGPT Plus, Pro, Team and free users. Musk, Ultraman, CZ and many other celebrities have released Ghibli-themed AI pictures on the X platform. The market value of the meme of the same name has skyrocketed, once exceeding 40 million US dollars. GPT-4o is an "Omni" model. In addition to text code, OpenAI has also trained it on image code and even audio and video, enabling it to understand all these forms of media and their similarities, and generate given media based on user prompts without connecting to any external models. Related reading: "$Ghibli 100 times in half a day, GPT-4o's new function makes "Hayao Miyazaki style" sweep the entire network" , "$Ghibli market value hits a new high, Ghibli's "extra-staff CEOs" are anxious"
Polymarket's 7 million bonus pool was misjudged due to an "attack", and those who bet correctly suffered losses. Polymarket refused to pay
On March 25, a user hijacked the oracle UMA to tamper with the results of the "Ukrainian Rare Earth Market" prediction event on Polymarket. In reality, the United States and Ukraine have not yet reached an agreement on the transaction, so the true result of the prediction should be "No". However, the user had previously bet a large amount of money on the "Yes" prediction result. In order not to lose money, he hijacked the results of the UMA oracle, causing the Polymarket 7 million prize pool to give an incorrect judgment result due to the "attack", and the correct bettors lost money.
This incident led to Polymarket officials saying that they had identified the "Ukrainian rare earth market" forecast event, but Polymarket believed that this was not a market failure and would not refund. Related reading: "Polymarket's 7 million prize pool was misjudged due to an "attack", and those who bet correctly suffered losses"
Binance notifies employees of "rat trading" complaints: they have been suspended and will be held legally responsible, and a $100,000 reward will be issued to four whistleblowers
On March 25, Binance Wallet announced that the Binance internal audit team received a complaint alleging that an employee used insider information to engage in front-running trading. After preliminary investigation, the results are as follows: 1. Investigation results: The employee worked in a business development position at BNB Chain before joining the Binance Wallet team. He used the information obtained from his previous position to purchase tokens of a certain project in advance, and then quickly sold them after the project announcement, making a lot of profit. This behavior violated company policy and constituted front-running trading based on non-public information. 2. Disciplinary action: The employee has been suspended and is awaiting further disciplinary action. Binance will actively cooperate with relevant departments and take appropriate legal actions in accordance with the law. 3. Reporting rewards: Binance encourages community supervision and rewards valid information reported through official channels. A total of $100,000 in rewards have been allocated to four reporters. For future clues, the community can continue to submit through official channels. Binance is committed to strengthening internal controls to ensure transparency, fairness, integrity, and maintain a safe trading environment.
On March 27, according to official news, uDEX announced the completion of the first batch of token destruction, and 37.2% of the total supply of UUU tokens has been destroyed. Related reading: "Binance publicly handles insider trading for the first time, how should the industry deal with insider trading" , "Binance employee insider trading was arrested, lost his job for $110,000 and faced legal responsibility"
Trump announced a 25% tariff on all imported cars; and may impose a tariff of about 20% on the European Union, without any exemptions or exceptions
On March 27, US President Trump issued a statement announcing a 25% tariff on all imported cars. The tariff will take effect on April 2. Trump said that the auto tariff will be permanent. US officials said that the tariff is expected to bring in more than $100 billion in additional annual revenue. The 25% auto tariff is levied on the basis of the existing tariff (generally 2.5%). On the same day, the European Union expects that the tariff rate for the entire EU will reach double digits in the "reciprocal tariff" plan announced by US President Trump on April 2. According to people familiar with the matter, the United States intends to adopt a unified tariff rate for the EU instead of setting differentiated standards for member states. This week, EU Trade Commissioner Sefcovic predicted that Trump will impose tariffs of about 20% on the EU next week. And the United States has not indicated that there will be any exemptions or exceptions.
Trump pardons three BitMEX co-founders
On March 29, CNBC reported that President Trump has pardoned the three co-founders of the cryptocurrency trading platform BitMEX. The three co-founders - Arthur Hayes, Benjamin Delo and Samuel Reed - had previously pleaded guilty to a series of federal criminal charges related to money laundering and failure to regulate exchanges. Reed pleaded guilty to violating the Bank Secrecy Act in 2022 and agreed to pay a $10 million fine. Prosecutors previously accused the men of operating BitMEX as a "money laundering platform" and called their claims to withdraw from the U.S. market "false."
Binance announced the results of the first voting for listing of coins. MUBARAK, BROCCOLI714, TUT and BANANAS31 have been listed and seed tags have been applied
On March 28, based on the voting results and due diligence, Binance has listed Mubarak (MUBARAK), CZ'S Dog (BROCCOLI714), Tutorial (TUT) and Banana For Scale (BANANAS31) and opened spot trading pairs at 05:00 (ET) on March 28, 2025. Tokens that have not yet been listed in the first voting pool will still be considered for listing in the future, but they are subject to continuous performance evaluation and comprehensive due diligence.
Binance Wallet launched the TGE activities of Particle and KiloEx this week, which exceeded the fundraising by hundreds of times, and the subscription limit was 3 BNB
On March 25, Binance Wallet will work with PancakeSwap to hold an exclusive TGE event for ParticleNetwork (PARTI). A total of 326,963 BNBs were invested in this event, and a total of 1% of the total PARTI tokens were allocated. The investment time was 1 hour, and the target amount of funds raised was 1994.99 BNBs, which was 163.89 times oversubscribed. On the 27th, Binance Wallet launched the KiloEx TGE on PancakeSwap again, with a subscription limit of 3 BNB. The activity investment time was 2 hours, and about 442,900 BNBs (US$280 million) were subscribed. The project plans to raise 1213.94 BNBs, which is oversubscribed by more than 36491%. According to the official announcement, KiloEx will issue 50 million tokens, accounting for 5% of the total supply, with each token priced at US$0.015 (in BNB), and the total amount raised is US$750,000 (in BNB).
Binance Releases Measures for Handling Violations of Movement (MOVE) Market Makers
On March 25, Binance released the "Measures for Handling Market Violations of the Market Makers of the Movement (MOVE) Project", and it has been determined that the market maker of the project Movement (MOVE) (hereinafter referred to as the "market maker") is associated with another market maker that has recently been delisted and banned from further market making activities on Binance. Some of the market making behaviors of the market maker include: On the first day after MOVE went online, the market maker sold approximately 66 million MOVE tokens on December 10, 2024 (UTC), with very few buy orders. The market maker ultimately made a net profit of 38 million USDT before leaving the market on March 18, 2025. At present, Binance has frozen the relevant income of the market maker, and the MOVE project has promised to use the relevant income of the market maker to compensate users.
Binance Launchpool launches the 66th project GUNZ (GUN)
On March 27, according to the official announcement, Binance Launchpool has launched the 66th project GUNZ (GUN), an L1 public chain for AAA games developed by Gunzilla Games. Users can put BNB, FDUSD and USDC into the GUN reward pool on the Launchpool website after 08:00 (Eastern Time) on March 28, 2025, and the activity will last for a total of 3 days. Binance will list GUNZ (GUN) at 21:00 (Eastern Time) on March 31, 2025, and open GUN/USDT, GUN/BNB, GUN/FDUSD and GUN/TRY trading markets, and seed tag trading rules will apply. The total supply of GUN is 10 billion, with an initial circulation of 645 million (6.05% of the total token supply), and the total Launchpool supply is 400 million (4% of the total token supply). Related reading: " Interpreting Binance Launchpool's new project GUNZ: The team received hundreds of millions of dollars in financing, is the blockchain game track going well again? "
GMX and MIM Spell related contracts were attacked, with a loss of about $13 million
On March 25, according to PeckShield monitoring, GMX and MIM Spell related contracts have been hacked, with a loss of about 6,260 ETH (worth about $13 million). On the same day, GMX officially issued a statement to clarify that no problems were found in the GMX contract and it was not affected by this unfortunate incident. On the 26th, MIM Spell posted on the X platform that the previous hacker attack caused a loss of $13 million, and 50% will be repaid within 36 hours, with zero loss of user funds. Abracadabra is rebuilding the system through platform expansions such as Berachain. The bonds held before repayment are about $19 million in liquid assets.
OKX Wallet independent app is now available on Google Play Store
On March 24, OKX Web3 product manager Kyle posted on social media that "OKX Wallet independent app has been listed on the Google Store. You can download it by searching. It may not be available for users in some regions and devices. It is under review for listing on the APP Store."
US SEC meets with Wintermute representatives to discuss solutions to crypto regulation issues
On March 29, the U.S. Securities and Exchange Commission (SEC) issued an announcement stating that the cryptocurrency working group met with representatives of Wintermute Trading Ltd. and Morrison Cohen LLP on March 28. The topic of the meeting was solutions to issues related to the regulation of crypto assets. Representatives of Wintermute Trading Ltd. and Morrison Cohen LLP provided accompanying documents, and the topics in the documents were discussed during the meeting. Wintermute discussed trading and liquidity provision issues in the U.S. cryptocurrency market.
Ethereum network daily ETH destruction hit a record low last Saturday
On March 24, according to data from The Block, the Ethereum network destroyed only 53.07 ETH in a single day last Saturday, which is worth about $106,000 at the current price, a record low, indicating a significant reduction in demand for Ethereum block space. Ethereum's EIP-1559 change simplifies the transaction fee process while requiring the network to destroy all ETH used to pay basic transaction fees. The mechanism is designed to reduce inflationary pressure and could make Ethereum a deflationary asset during peak network activity. In addition, the seven-day moving average of active addresses recently fell to its lowest value since October 2024. The number of new address creations, the number of transactions, and daily transaction volume have also declined in recent weeks.
BlackRock to launch Bitcoin ETP in Europe
On March 25, BlackRock, the world's largest asset management company, announced the launch of a Bitcoin exchange-traded product (ETP) in Europe, continuing its successful experience in the US Bitcoin spot ETF (with a scale of US$48 billion). The new product iShares Bitcoin ETP landed on the German Xetra Exchange, the Paris Euronext (trading code IB1T), and the Amsterdam Euronext (trading code BTCN) on March 25. Following the United States, BlackRock is expanding its crypto territory to the three major financial centers in Europe to accelerate the entry of traditional funds. ETP is similar to the ETF structure, and cryptocurrency tracking products are usually issued in the form of ETP under the European regulatory framework. Related reading: "BlackRock launches the first Bitcoin fund "IB1T" in Europe. Can it replicate the miracle of the US BTC ETF?"
The US SEC officially dropped the lawsuit against Kraken, Consensys and Cumberland; and has closed the investigation into Crypto.com without taking any enforcement action
On March 28, the SEC issued an announcement officially announcing the withdrawal of the lawsuit against Kraken, Consensys, and Cumberland. On the same day, according to people familiar with the matter, the U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into Crypto.com and will not take any enforcement action against the trading platform. This move was made after the company received the Wells Notice from the SEC last October, when the company responded by proactively suing the agency, accusing it of overstepping its authority. Crypto.com withdrew the lawsuit in December after Trump announced his intention to appoint crypto-friendly Paul Atkins to succeed Gensler as the next SEC chairman.
Ripple agrees to drop cross-appeal, US SEC to retain $50 million of $125 million fine
On March 26, Ripple’s Chief Legal Officer Stuart Alderoty wrote, “Last week, the U.S. Securities and Exchange Commission (SEC) agreed to unconditionally waive its appeal. Ripple has now agreed to waive its cross-appeal. The SEC will retain $50 million of the $125 million fine (which has been deposited in cash into an interest-bearing escrow account), and the remainder will be returned to Ripple. The agency will also ask the court to lift the standard ban previously imposed at the request of the SEC. All of this is subject to a committee vote, the drafting of final documents, and regular court procedures.”
26 states in the U.S. have proposed Bitcoin reserve bills; South Carolina will allow 10% of state funds to be invested in Bitcoin
On March 26, Cointelegraph disclosed that more than half of the states in the United States (26 out of 50 states) have proposed Bitcoin reserve bills, many of which propose to allocate up to 10% of state funds to crypto assets. Wisconsin became the first state to purchase a Bitcoin ETF, holding $588 million as of the fourth quarter of 2024. On the 28th, Bitcoin Laws disclosed that the South Carolina Bitcoin Reserve Act (Bill H4256) would allow the state treasurer to invest 10% of state funds in Bitcoin. The upper limit of Bitcoin reserves is 1 million BTC. The bill was proposed by Congressman Jordan Pace.
Hurun Global Rich List 2025: CZ retains title of richest person in cryptocurrency with 160 billion yuan in net worth
On March 27, Hurun Research Institute released the "2025 Hurun Global Rich List", showing that the number of billionaires in the world has increased to 3,442, an increase of 163 from last year, an increase of 5%, and a record high. The United States ranks first with 870 billionaires, and China ranks second with 823 billionaires. Binance founder CZ's wealth has grown to 160 billion yuan, and he is still the richest man in the cryptocurrency field. Coinbase founder Brian Armstrong's wealth has increased by 72% to 80 billion yuan. On average, wealth in the cryptocurrency field has increased by 80% year-on-year.
L2 SocialFi blockchain Lens Chain is about to launch mainnet
On March 26, Stani, founder of Layer 2 SocialFi blockchain Lens Chain, said that Lens Chain will be launched soon. As previously reported, on February 26, the social protocol Lens Protocol migrated to Lens Chain. By working with ZKSync, the Lens team developed a migration solution to maintain maximum data integrity. The migration successfully transferred 650,000 user accounts and their digital identities, 28 million follower connections, social graphs, and 360 applications.
Bitcoin NFT project Taproot Wizards opens NFT minting, with a minimum minting price of 0.1BTC for white tickets, and the final price at the Dutch auction is 0.31BTC
The Bitcoin NFT project Taproot Wizards was released on March 25 after two years of construction. The total supply of this NFT is 2,121, 36 of which have been airdropped to some early supporters over the past two years, 100 to the most deeply involved supporters, Quantum Cats holders with the "gold cape" feature, and very early raffles for Bitcoin Wizards holders, and 200 team reserves. Only 1,785 Taproot Wizards entered this release. The total number of white orders is determined to be 1,750. Among them, 828 white orders have a casting price of 0.1 BTC, which is a discount obtained by staking 2 Quantum Cats (the features of 2 Quantum Cats must be 1 "life" + 1 "death"). Another 922 white orders have a casting price of 0.2 BTC. After the whitelist casting is completed, Taproot Wizards will start the Dutch auction, with a starting price of 0.42BTC and a price drop of 0.01 BTC every 3 minutes. There are 80 NFTs in this auction, and Bitcoin and SOL are supported to participate in the auction. The final settlement price of the Dutch auction is 0.31BTC. Related reading: "Taproot Wizards is about to be launched, and a new NFT blue chip is about to be born?"
BlackRock BUIDL fund size exceeds $1.9 billion, with a 30-day increase of 203.63%
On March 28, BlackRock BUIDL Fund exceeded $1.9 billion, reaching $1,935,226,721, with a 203.63% increase in the past 30 days. The current number of holders is 62 (for institutional investors, with a minimum threshold of $5 million), the APY is 4.50%, and the management fee is 0.20-0.50%.
He Yi published a meme learning note: Investors should choose to hold or take profits according to the market cycle
On March 28, Binance co-founder He Yi posted his personal Meme learning notes on social media, saying, "Meme transcends cultural boundaries and represents the ultimate expression of the crowd and the influence of subculture on mainstream culture. Every culture has a resonant group, and Meme is not about following trends, but about creating trends. As a symbol of crypto culture, Dogecoin proves that Meme comes from community consensus rather than celebrity speech. Real Meme comes from cultural accumulation, not short-term hot spots. Long-termism is still valid, and investors should operate according to market cycles and understand when to hold or profit. The crypto market will stabilize over time, and opportunities will always exist." Related reading: "He Yi: My MeMe Learning Notes"
Justin Sun is on the cover of Forbes: The crypto billionaire who helped the Trump family earn $400 million
On March 28, Justin Sun, founder of TRON and global advisor of Huobi HTX, appeared on the cover of the English version of Forbes. Forbes interviewed Justin Sun with the title "The Crypto Billionaire Who Helped the Trump Family Earn $400 Million", saying that Justin Sun "is accelerating the construction of a global payment system through the TRON platform, with 300 million users and growing." Justin Sun is the fourth person in the field of crypto exchage after CZ, SBF, and Brian Armstrong. As a global advisor, Huobi HTX, led by Justin Sun, was recently selected as the most trusted crypto exchage in 2025 by Forbes. On the X platform, Justin Sun said, "From visionary to global leader - it's a great honor to be on the cover of Forbes."
Ezhou Court concluded 2 virtual currency network fraud cases: nearly 30,000 people were defrauded, and the amount involved was as high as 460 million yuan
On March 28, according to the official account of the Ezhou Intermediate People's Court, the Ezhou Court recently successfully concluded two virtual currency fraud cases. The fraud gang consisting of 34 defendants involved used a fake virtual currency trading platform to carefully plan the fraud. In just one year, nearly 30,000 people were defrauded, and the amount involved was as high as 460 million yuan. Some defendants argued in court that this was an "investment transaction", but the court ultimately determined that their behavior constituted fraud and sentenced them to fixed-term imprisonment ranging from three to twelve years and fined them in accordance with the law. The fraud gang set up a fake platform called "OURBIT Digital Currency Trading Platform" (Obit Platform), and publicized false qualifications such as "registered in Singapore" and "holding US and British financial licenses", and even forged trading K-line charts and virtual currency trading data, and launched gimmicks such as "new stop-profit and stop-loss" and "first-ever transaction with 0 slippage" to create a professional and compliant illusion and attract investors to join.
This week's hot articles
GPT-4o's image generation function quickly became popular due to its ability to highly restore Miyazaki's style. A large number of users on social platforms such as X uploaded Ghibli-style meme pictures, triggering "Ghibli viral spread" and even driving the market value of the meme coin of the same name $Ghibli to soar by more than 100 times. Although AI creation is becoming increasingly convenient, Miyazaki himself strongly opposed AI animation, believing that it was an offense to life. At the same time, GPT-4o's "Omni" model feature also represents that AI is fully evolving into a multimodal creation tool.
The conversation between Ethereum podcast Bankless and Alon, the founder of Pump.fun, the most successful anonymous project in the Solana ecosystem, sparked controversy, with the focus shifting from product philosophy to the issue of whether meme coins should be kept or abolished. The host, with a critical preconceived stance, portrayed Pump.fun as the culprit for destroying the market, sparking dissatisfaction among the community with the media's hypocritical attitude. Alon, on the other hand, insisted that cryptocurrencies should remain open and experimental, emphasizing that meme coins are just the product of the natural evolution of the market. This conflict also reflects the ecological division and discourse conflict between Ethereum's "establishment" and Solana's "barbarians."
A Binance employee was exposed for using non-public information obtained from his previous position to buy a large amount of project tokens before they were made public and made a profit of more than $110,000, which constituted a typical front-running transaction. The employee has been suspended and will face legal prosecution, and the whistleblower received a total reward of $100,000. The incident exposed the stubborn problem of insider trading in the crypto industry. Despite the high transparency on the chain, the lack of unified supervision and effective internal control still makes the trading platform a hotbed for rat trading, and the industry needs to further strengthen compliance and risk control.
On the evening of March 28, Binance co-founder He Yi published an article titled "MeMe Learning Notes". She mentioned that subculture is the response and deconstruction of mainstream culture by marginal groups, and MEME is the ultimate expression of their emotions and identity, which does not rely on authority, celebrities or hot topics, but comes from the real resonance in the heart; Doge's success is not only due to its joke nature, but also because the community has given it vitality and faith; long-termism is not outdated, the key is to choose the right object to trust and accompany, and the value will eventually appear after going through the cycle; investment should focus on certainty, understand the cycle, follow the head effect, and control risks, which is far more important than knowing.
Virtual Currency, Real Crime: Uncovering Cambodia’s “Crypto Money Laundering Factory”
Cambodia has become one of the core areas of global online fraud and money laundering. After the scammers lure victims through social platforms, they quickly transfer and launder the stolen money. Behind this is an efficient underground financial network, with core roles including "middlemen" and "fund mules". Huiwang Group and its subsidiaries were revealed to be platforms that provide money laundering services. They not only operate payment systems, but also matchmake through the Telegram black market to provide guarantees and fund conversion channels for criminal groups. Despite the continuous crackdown by international law enforcement, the system continues to revive and expand, resulting in tens of billions of dollars being illegally transferred around the world every year, many victims losing their fortunes, and even people being trafficked and forced to participate in fraud.
"After being hunted by whale and CEX, Hyperliquid "pulled the plug" to save $200 million"
The video social application-related tokens launched by the former Venmo co-founder and others $JELLY triggered violent fluctuations, causing the leading derivatives DEX Hyperliquid to face a serious liquidity crisis. The whale manipulated the spot and futures markets for arbitrage operations, causing the protocol to lose more than 10 million US dollars, triggering the platform to urgently remove the contract to save itself, and even causing a head-on conflict with CEX. This incident exposed the major flaws of decentralized platforms in governance, fairness, and anti-manipulation capabilities, and also triggered a heated discussion in the industry about whether "decentralization" really exists.
Hyperliquid's battle of survival: three-way competition, winner takes all
On March 26, the attacker manipulated the price of the low-liquid meme coin $JELLYJELLY, opened short orders on Hyperliquid and induced the liquidation mechanism to start, causing the platform treasury to take over the position and suffer huge floating losses. At the same time, the attacker used CEX to launch the coin contract to push up the price, exacerbating the treasury's losses and nearly triggering a $240 million liquidation crisis. Although Hyperliquid eventually urgently removed the contract without actual losses, the incident exposed the vulnerability of DeFi in high-leverage transactions, liquidity management and platform governance, as well as the deep contradiction between decentralized ideals and reality.
"Taproot Wizards is about to be launched, will a new NFT blue chip be born?"
Taproot Wizards is one of the most watched projects in the Bitcoin NFT market. In the context of the overall sluggish market, it is still sold at a price of up to 0.2 BTC. A total of 1,785 public sales seats are almost all reserved, which is expected to bring more than 23 million US dollars in revenue to the team. Together with the previous sales of Quantum Cats, the total revenue is 36.4 million US dollars. The project is managed by the controversial and influential founder Udi Wizardheimer, and has completed two rounds of financing totaling 37.5 million US dollars. The core goal is to promote the implementation of smart contracts on the Bitcoin mainnet. Taproot Wizards not only continues the early wizard meme of Bitcoin, but also continues to attract attention in the circle through a series of topical operations, becoming a representative project of Bitcoin NFT.
WLFI, a DeFi project supported by the Trump family, launched USD1, a stablecoin pegged to the US dollar, on BSC, triggering market speculation and a rapid plunge of more than 50%, as the proliferation of fake tokens caused security concerns. WLFI used the Trump halo, policy trends and stablecoin demand to try to transform from a meme project to a compliant DeFi player, but its token mechanism is opaque and the family's interest distribution is constantly controversial, raising questions about its motives and future.
The prediction market platform Polymarket suffered a serious oracle manipulation attack, resulting in an incorrect judgment of a prediction event with a betting amount of more than 7 million US dollars. The winner was wrongly judged as "Ukraine will reach a rare earth agreement with Trump before April". The reason behind this was that the oracle UMA voting mechanism was manipulated by a large number of UMA tokens, exposing the problems of low cost of evil and easy manipulation of governance mechanisms in the current system, which aroused strong dissatisfaction in the community. The official stated that the incident did not constitute a system failure and no refund could be made, which further aggravated user anger.
"Green Bull Chain" Eclipse TGE is coming, is Ethereum's new savior coming? "
Eclipse is a Solana Virtual Machine (SVM) Layer2 project running on Ethereum. It combines Solana's high-speed parallel processing capabilities with Ethereum's security and liquidity. With its innovative GSVM technology and "beefy sequencer" architecture, it has unique advantages in performance and scalability. Since its launch, it has attracted more than one million users and dozens of ecological projects, and has a comprehensive layout in DeFi, GameFi, NFT and other fields. The TGE token $ES has been exposed, indicating that the token issuance phase is about to begin, which has attracted widespread attention in the market.
Off The Grid is a high-investment cyberpunk-style blockchain game created by Gunzilla Games. It combines console-level battle royale gameplay with an optional on-chain economic system. Players obtain and mint NFT props through the in-game extraction mechanism, avoiding the "gold farming" label of traditional blockchain games. Its native token GUN runs through multiple links such as transactions, governance, and staking, and relies on the self-built GUNZ subnet to support efficient and low-cost transactions. The project has received support from institutions such as Delphi Ventures, and attempts to achieve a breakthrough in blockchain games from "money-making" to "fine products" with high-quality content and technology.
Michael J. Saylor's Strategic Bet: Bitcoin's Premium Issuance and Capital Manipulation
Led by founder Michael Saylor, MicroStrategy has completely transformed from an enterprise software company into a capital operation platform with Bitcoin as its core asset. It raises funds to buy Bitcoin by issuing additional shares and bonds at a high premium, and then uses the rise in Bitcoin prices to feed back to the stock price, building a "financial alchemy" that is deeply tied to Bitcoin. Its stock price is highly sensitive to Bitcoin prices due to the leverage effect, making it an "alternative ETF" for institutional investors who cannot invest directly in Bitcoin. Despite the dual risks of market sentiment and regulatory policies, its clever financing structure, cult-like marketing and commitment to "never sell" Bitcoin allow it to gallop like a wealth engine in a bull market, but it may also encounter the baptism of crypto frost in a bear market.
Stablecoin APR exceeds 20%, the most complete Berachain mining guide
This article will provide you with the most comprehensive overview of POL and its potential impact on the ecosystem, especially the price of BERA. The content covers basic mechanisms, inflation emission plans, token economic models, and key strategies (or tips) for absorbing inflationary pressure. Berachain's PoL mechanism drives ecological growth through liquidity incentives and delegation rewards, creates a positive cycle and capital efficiency, and provides liquidity and staking rewards through iBGT and iBERA to promote the revival of the DeFi ecosystem.
Is the four-year cryptocurrency cycle dead?
The impact of Bitcoin's four-year halving cycle on prices is gradually weakening. The crypto market landscape has undergone profound changes in the past two years. The introduction of ETFs has attracted a large amount of institutional funds to Bitcoin, while Altcoin have lost their appeal due to inflation and a wide variety, making it difficult to replicate previous bull market performances. In the current environment, betting on Bitcoin is a winner's game, while indulging in Altcoin is more like choosing losers in the game. In the long run, Bitcoin remains the most promising crypto asset.
The article introduces the participation guide of MegaETH testnet, a high-performance Ethereum Layer 2 expansion plan with $30 million in financing. The guide details how to claim the test tokens and recommends experiencing multiple ecological DApps, including decentralized exchange GTE (which has raised $10.94 million), lending protocol TEKO, Meme coin platform XL Memecom and blockchain game autonomous world engine.
"Spend 0.1BNB to chat privately with CZ. How to use the new crypto social product ReachME?"
CZ updated the profile of X late at night and promoted ReachMe, a paid chat application based on BNB payment, which attracted the attention of the community. The platform is committed to solving the problem of effective communication between KOLs and fans, and improving the quality of information through mechanisms such as payment by message, timeout refunds, and prohibition of attachments. The platform does not issue tokens, but charges a 10% handling fee, and the rest belongs to KOLs. CZ's income will be donated to charity. The team behind it may be related to the droppod project and is suspected to have received support from venture capital Paper Ventures. Although the platform is still in its early stages, it has some initial active users under the leadership of CZ, and its future performance is worth looking forward to.
A senior US national security official mistakenly added a journalist to a group chat, inadvertently leaking secrets about an upcoming military strike against the Houthi armed forces in Yemen, exposing the casual and chaotic working methods of the global power center. This incident also once again attracted attention to the privacy-focused communication software Signal, whose founder Marlinspike is a legendary hacker and anarchist. Signal has attracted users from dissidents to senior government officials because of its end-to-end encryption and extreme privacy concepts. At the same time, it has also demonstrated the tension between it as a tool and a concept in the controversy intertwined with cryptocurrencies.
Duplicate Bitcoin Transactions: An Interesting Bug with Minimal Risk
In 2010, two identical transactions appeared in the Bitcoin blockchain. This was because the coinbase transaction had no input, which could construct the same transaction data and generate the same transaction ID (TXID), causing system confusion and potential attack risks. Although developers have greatly alleviated this problem through solutions such as BIP30 and BIP34, it has not been completely eradicated. In theory, the next possible duplicate transaction will occur in 2046. The cost of attack is extremely high and almost unprofitable, so the overall risk is low, but this rare and complex vulnerability is still a technical risk and anecdote in the history of Bitcoin.
When BlackRock re-examines stablecoins
Stablecoins, if large enough, could pose a threat to the U.S. economy because they would reduce the money supply in the banking system and weaken the Federal Reserve's ability to implement monetary policy. However, stablecoins promote dollar dominance globally, improve cross-border payment efficiency, and help non-U.S. residents access stablecoins. When the stablecoin supply reaches trillions of dollars, stablecoin issuers like Circle could become part of the U.S. economy, and regulators would need to balance monetary policy with the needs of programmable money.
"The end of crypto investment? Data reflects the true situation of the primary market"
In the past few years, the scale of early financing for Web3 has expanded, but the funds are concentrated in a few companies, and the difficulty of financing has increased. After the collapse of FTX, LP funds have concentrated in a few leading funds, making it more difficult for start-ups to raise funds. Token liquidity has decreased, the investment return cycle has become longer, and the market is more concerned about profitability and PMF. Venture capital will not die out, Web3 infrastructure has matured, and AI development has brought new opportunities. In the future, capital will favor founders with long-term competitiveness rather than short-term token gains. The key question is which founders and investors can stick to the end and find the final answer to the evolution of the industry.
SEC Chairman Gary Gensler was known for his tough regulation during his term, especially for his intensive crackdown on the cryptocurrency industry, including suing several large crypto companies, emphasizing that most tokens are securities, and promoting key events such as the approval of Bitcoin spot ETFs. After he stepped down, Mark Uyeda, who is more crypto-friendly, took over the position, and the return of the Trump administration brought the market's expectations for loose policies and a new bull market, including the launch of official Meme coins and the establishment of a national Bitcoin reserve, which triggered a new round of speculative craze, but also exacerbated the potential risk of bubbles.
"Building AI moat, how do crypto capital and AI Agent dance together?"
Crypto AI empowers autonomous agents, allowing them to manage assets, optimize capital flows, and operate autonomously in the DeFi ecosystem. Compared with Web2 AI, it can access decentralized data, collaborate using open models, and accelerate evolution. With the development of DeFi, Darwinian AI, and decentralized infrastructure, AI will not only be an assistant, but a direct participant in the on-chain economy, enabling asset holding, trading, and value creation. Crypto AI combines programmable currency with agents to build a decentralized economic system, accelerate the arrival of the autonomous agent economy, and break through the limitations of Web2 AI.
《Is culture the "hard currency" of public chains?》
Competition in the crypto industry is shifting from technology competition to cultural resonance, and culture chains have become a new trend. Technology is already "good enough", and the key to the future is community atmosphere and resonance. Investors should focus on believers, inside jokes, and community culture, rather than just code performance. Culture chains provide exclusive ecosystems for fans and creators, but they also face challenges such as excessive speculation and dispersed liquidity. A successful culture chain requires a strong community, open construction, and composability to truly become the core track of the next cycle.
《ABCDE: ETH rolls technology rolls capacity expansion, Solana rolls token rolls application》
The most eye-catching thing on Ethereum (ETH) recently is the introduction of Native Rollup, which further delegates the execution of the state proof system to L1 validators on the basis of Based Rollup. Although it has potential, it faces technical and hardware threshold issues; at the same time, Solana’s SIMD-0228 proposal for adjusting the inflation model has caused heated discussions. Although it was not passed, it demonstrated governance efficiency. Its new generation of SPL standard - Token Extension, has also become the key to RWA projects' preference for Solana because of its native support for privacy, KYC, interest-bearing and other features at the chain level. These developments show that the two major public chains are gradually approaching each other in terms of expansion methods and infrastructure evolution.
"Why is RWA tokenization the lifeline of the traditional financial market?"
Real-world asset tokenization (RWA) is becoming a breakthrough for the traditional financial market. Against the backdrop of global financial system turmoil, insufficient liquidity and lack of transparency, RWA uses blockchain technology to digitize physical assets such as bonds and real estate, which not only provides stable returns, improves liquidity and transparency, but also significantly reduces transaction costs, solves cross-border investment problems, promotes financial democratization, and enables ordinary people to enjoy institutional-level asset returns. With the entry of giants such as JPMorgan Chase and BlackRock, RWA is expected to lead a new round of financial revolution and reshape the market landscape.
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