1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -0.77%
ETH: -3.04%
SOL: -4.57%
DOGE: +1.30%
XRP: -3.86%
PEPE: +5.76%
SUI: +6.93%
BNB: -1.76%
PARTI: +7.24%
ADA: -2.75%
24H increase list (data source: OKX):
SSWP: +23.49%
MEW: +20.58%
ZETA: +19.20%
RACA: +11.77%
BANANA: +11.18%
CVX: +8.97%
CETUS: +8.59%
AIDOGE: +7.63%
DGB: +7.33%
MKR: +7.24%
2. Top 5 popular memes on the chain (data source: GMGN ):
REVS
YODA
anime
PIPE
Ghibli
3. 24H hot search currencies
JELLYJELLY: Jelly-My-Jelly (JELLYJELLY) is a Solana-based meme coin that has seen significant price fluctuations and a surge in 24-hour trading volume recently. However, the market has expressed concerns about its price manipulation, and the Hyperliquid protocol has therefore delisted the token and promised to compensate affected users. Hyperliquid has also been questioned for its centralization.
HYPE: HYPE is the native token of the Hyperliquid platform, a high-performance Layer 1 blockchain that aims to combine the efficiency of centralized exchanges with the transparency of decentralized finance to provide a fast and secure on-chain trading experience. The price of HYPE fell by about 15% in 24 hours.
Headlines
Hyperliquid Treasury Loses Nearly $8 Million After Traders Self-Liquidate JELLY Shorts
According to on-chain data, Hyperliquid Treasury has now lost more than $7 million on its JELLY short position. Earlier news, Hyperliquid Vault received $5 million worth of JELLY short positions due to automatic liquidation by traders.
Hyperliquid officially posted in the Discord community: After discovering suspicious market activities, validators quickly gathered and voted to delist JELLY. In addition to the marked address, all user losses will be deducted from the corresponding funds of the Hyper Foundation. This will be done automatically based on on-chain data in the next few days. No invoice is required. The method will be shared in detail in a later announcement. Like other chains, validators often need to be convened as a group to take decisive action to ensure the integrity of the network. Improving the robustness and transparency of the voting system is a top priority. Please note that as of the time of writing this article, HLPs 24-hour profit and loss is approximately 700,000 USDC. The official will make technical improvements in the future and learn lessons to strengthen the ecological network. More details will be shared soon.
Hyperliquid settled JELLYJELLY at a favorable price of $0.0095 with no loss of funds
Market news indicates that Hyperliquid delisted JELLYJELLY and completed the settlement at a favorable price of $0.0095, without losing any funds.
Industry News
The Financial Intelligence Analysis Unit (FIU) of South Korea announced that starting from March 25, it will impose domestic access restrictions on the Google Play platform applications of 17 overseas virtual asset service providers (VASPs) that are not registered in South Korea, including KuCoin, MEXC, etc. This means that users cannot install new related applications and existing users cannot update.
According to the official page, among the first batch of projects voted for listing on Binance, BANANAS 31 (19.4%) and WHY (18.8%) finally ranked first and second. Binance Square officials posted in the comment area: Voting is being counted, please wait patiently for the final results.
According to previous news, Binance announced the launch of its first voting for listing tokens. Users can vote for tokens that have completed official due diligence, and the top two tokens will be eligible for listing on Binance.
French Hill, chairman of the U.S. House Financial Services Committee, said at the Blockchain Summit in Washington that a revised draft of the new Crypto Market Structure Act will be released in the next few days. This is an updated version of the 21st Century Financial Innovation and Technology Act (FIT21) passed by the House of Representatives last year. The bill has not yet been formally introduced in this Congress, but it was passed by the House of Representatives last year, with the support of 71 Democratic members, including former Speaker Nancy Pelosi. Hill said that the current draft has been adjusted based on technical opinions from multiple parties. The bill intends to give the Commodity Futures Trading Commission (CFTC) more regulatory power and funds to oversee the crypto spot market and digital commodities such as Bitcoin, and further clarify the role of the Securities and Exchange Commission (SEC).
Project News
Polymarket announced on its official Discord that it has identified a situation regarding the Ukrainian rare earth market forecast event. The resolution of this market violated the expectations of Polymarket users. Polymarket stated that since this is not a market failure, no refunds will be made.
At the same time, after consultation, Polymarket and UMA teams will establish systems and monitoring to ensure that this situation does not happen again.
According to previous community news, a user hijacked the oracle UMA to tamper with the results of the Ukrainian Rare Earth Market prediction event on Polymarket.
Eclipse token code is set as ES, and TGE may be launched in a few weeks
Ethereums first SVM Layer 2 network Eclipse held a community AMA event this morning. According to the AMA information summarized by community leader Alucard and others, the Eclipse team plans to conduct TGE within a few weeks, and the token code is set as ES.
Hack VC launches group on crypto angel investment platform Echo
According to official news, crypto VC agency Hack VC announced the launch of the Echo group on the crypto angel investment platform Echo.
The announcement states that launching the Echo group is Hack VC’s way of democratizing access and making Hack VC a truly community-aligned VC.
Earlier news came out that Coinbase Ventures launched the Base Ecosystem Group on the on-chain private investment platform Echo.xyz this month to support developers.
CZ adds a link to the ReachMe chat app in Xs account profile
CZ changed the profile of the X account to: “DM me at https://reachme.io/@cz_binance (fees go to charity)”
DM me on ReachMe and the fees will go to charity.
It is reported that ReachMe is a paid chat application for KOLs to connect with fans. Based on an article previously published by CZ on Binance Square, currently sending a private message to CZ requires:
- Pay 0.08 BNB (price varies);
- If CZ does not respond within 5 days, you will automatically receive a 50% refund;
-The maximum length of the message is 2000 characters;
- No attachments or images are allowed.
GameStop plans to raise $1.3 billion to buy Bitcoin
GameStop (GME.N) announced on Wednesday that it plans to privately place $1.3 billion in convertible senior notes due in 2030. In addition, the company said it would allow initial purchasers to purchase notes with a total principal amount of no more than $200 million. The company expects to use the net proceeds from this offering for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStops investment policy, GameStop said in a statement.
Investment and Financing
Blockchain game developer Planetarium Labs announced that it has completed a $3 million financing round, with participation from Spartan Group, Immutable, MARBLEX, Comma 3 Ventures, Sovrun, 32-Bit Ventures, Notch Ventures, Cristian Manea, Niels de Ruiter and a group of angel investors. The new funds are intended to be used to expand its game Immortal Rising 2, which will launch a token generation event (TGE) on March 27. More than 9 million soul-bound tokens have been distributed through airdrop activities.
Enterprise-level loyalty platform Superlogic has completed a $13.7 million Series A round of financing, led by Powerledger, with participation from Sangha Capital, 10 SQ, Nima Capital, ACTAI Unicorn Fund, Hyla Liquid Venture Fund and Liquid 2 Ventures. As part of the investment, Powerledger co-founder and CEO Jemma Green will join the Superlogic board of directors to provide strategic guidance for integrating environmental accountability into experiential rewards.
Character Voice
Arthur Hayes, co-founder of BitMEX, published an article on the X platform to comment on the Hyperliquid JELLY liquidation incident and said, HYPE cannot afford the impact of the JELLY incident. Lets stop pretending that Hyperliquid is decentralized; and then lets stop pretending that traders really care; I bet HYPE will soon return to the starting point, because gamblers are gamblers after all.
Chain detective ZachXBT criticized Hyperliquid on the X platform, saying: “It’s infuriating that Hyperliquid officials can draw lines and manipulate prices at will, but when North Korean hackers use Radiant stolen funds to hold a certain size of short positions on it, they do nothing.”
