1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -1.27%
ETH: -1.62%
XRP: -1.89%
SOL: + 0.03%
BNB: -0.92%
DOGE: -2.83%
SUI: + 0.1%
ADA: -3.18%
PEPE: -4.01%
TRX: +0.96%
24 H increase list (data source: OKX):
X: + 22.85%
ZRO: +9.09%
EOS: +8.16%
VINE: +8.09%
DOGS: + 6.85%
CORE: + 6.31%
TON: +6.15%
USTC: +5.00%
ULTI: +4.67%
PENGU: +4.24%
2. Top 5 popular memes on the chain (data source: GMGN ):
Fartcoin
PEPEAI
MUPPETS (BNB Chain)
Grok
SUPERJUDGE
3. 24-hour hot search currencies
MUPPETS: MUPPETS is a meme coin on BNB Chain. It is based on the puppet culture and combines the popularity of the BSC chain ecosystem to create a community-driven entertainment meme token. The core of the narrative revolves around the competitive slogan of subverting previous memes such as Ghibli, emphasizing the potential relevance of the token to BNB Chain. The current market value is 1.6 million US dollars.
PEPEAI: PEPEAI is a Meme coin on the Solana chain. It is suspected to be a Meme token based on AI technology, combining Pepe culture and GPT technology to provide smart transactions and decentralized governance functions. The current market value is 11 million US dollars, and it has only been issued for about 6 hours.
Headlines
Feds Daly: Its reasonable to expect two more rate cuts in 2025
Feds Daly said there is a reasonable expectation of two more rate cuts in 2025. (Jinshi)
Grayscale submits Avalanche ETF application for listing on Nasdaq
Digital asset management giant Grayscale has submitted an application for the Avalanche (AVAX) spot ETF to the SEC, designating Nasdaq as the proposed listing exchange. If approved, this will become the first exchange-traded fund focused on AVAX.
Eugene: Long SOL in the $125 area, think the risk-reward ratio is attractive before April 2
Trader Eugene posted on the tg channel that he has established a medium-sized SOL long order in the $125 area. He believes that the markets previous sharp fluctuations from 88 K to 82 K have released some risks, coupled with the catalysts of GME and MARA and the evolution of the extreme tariff scenario on April 2, making the current risk-return ratio (r/r) position a good one. At the same time, he added that the current stop loss position below is also relatively clear.
Industry News
US Senator Questions Trumps WLFI Stablecoin Regulatory Risks
Five Democratic senators wrote to the Federal Reserve and the OCC, questioning the unprecedented risks posed by the USD 1 stablecoin launched by World Free Finance (WLFI), which is supported by the Trump family. The letter pointed out that Trump weakened regulatory independence through an executive order in February and held a 60% stake in WLFI, which posed a major conflict of interest. Since its establishment in September 2024, WLFI has raised $550 million through two token sales and launched USD 1 on BNB Chain and Ethereum on March 24. The move coincided with Congresss consideration of the GENIUS Act, which could give the OCC and the Federal Reserve regulatory powers, raising concerns about the stability of the financial system.
Nick Timiraos, a mouthpiece for the Federal Reserve, wrote on the X platform that Goldman Sachs now expects core PCE to rise to 3.5% in 2025, higher than the previous 3.0% under the less aggressive tariff scenario. Despite the upward inflationary pressure, Goldman Sachs still expects the Federal Reserve to cut interest rates three times in the second half of this year to respond to the impact on economic growth and employment.
Project News
Terraform Labs: Creditor claims portal launched on March 31, with a maximum payout of $500 million
Terraform Labs, a blockchain company that has filed for bankruptcy, announced that it will officially open a channel for crypto creditors to file claims on March 31, with a deadline of April 30. According to the companys claim guidelines, creditors need to submit proof of asset holdings, including wallet addresses and exchange API keys. If artificial evidence such as transaction records are used, they will face a longer review period.
The company promised to pay creditors between $185 million and $442 million in compensation in a restructuring plan approved by the court last September, part of a $4.47 billion settlement with the SEC. In particular, the SEC has agreed to prioritize paying ordinary creditors over regulatory fines. The claim involves investors who suffered losses from Terras $40 billion collapse in 2022.
The decentralized derivatives protocol Hyperliquid announced the completion of its on-chain upgrade, natively integrating a voting mechanism for asset delisting based on pledge weights. Features of this mechanism include:
After the validator reaches the legal pledge ratio, the voting will automatically trigger the delisting on the chain;
The first demonstration case will be a vote to delist the MYRO perpetual contract at 13:00 UTC on March 29;
Hyper Foundation validators 2-5 will participate in the vote, and validator 1 will abstain for the time being.
As a fully on-chain governance experiment, the protocol does not require off-chain coordination, but officials said that most validators may still publicly disclose their voting intentions in advance to improve transparency.
Binance Wallet launches the Trade on DEX with CEX Funds feature
According to the official announcement, the Binance Wallet team launched the Use CEX funds to trade on DEX function. Through this function, Binance users can use Binance trading platform (CEX) funds to trade millions of tokens on the chain in Binance Wallet.
Bryan Pellegrino, CEO of cross-chain interoperability protocol LayerZero, wrote on X that he has seen a lot of discussion about airdrops recently, and some people mentioned please dont do it again, I dont want to spend another month hunting Sybils... The next round of allocation plan will be completely different from the first round. It may be completely based on RFP (Request for Proposal) or other different methods, and only focus on real usage.
Four.meme platform liquidity pool adjustment: switch to PancakeSwap V2 and destroy new token LP
The Four.meme platform announced that it will conduct a major liquidity pool update on March 31 (the specific time is to be determined), and plans to switch the platforms liquidity provision method to PancakeSwap V2. According to the official announcement, all newly created and launched token LPs will be destroyed directly after going online.
Character*Voice
CZ responded to the news about Abu Dhabi MGX investing $2 billion in Binance on the X platform, saying, “There is no bet clause and no strategy (at least from my personal perspective).”
Zhu Su posted on social media that institutional investors are interested in RWA (real world assets) because they hope that every $1 of RWA total locked volume (TVL) can be converted into a certain proportion of the protocol token market value, for example, $100 million of RWA brings $100 million of token market value. He also said, Just like BTC L2 and ETH re-staking are hidden launchpools, RWA is a dollar launchpool.
SEC Chairman Nominee Paul Atkins Says Hes Concerned About SBF Parents Link to FTX Crisis
At a hearing of the U.S. Senate Banking Committee, SEC Chairman nominee Paul Atkins expressed concern about reports that the parents of FTX founder Sam Bankman-Fried (SBF) and Stanford University profited from the FTX fraud. Atkins promised to review the SECs investigation into the connection between SBFs parents and Stanford Law School. In addition, Republican Senator John Kennedy criticized the SEC for its slow response to the incident and stressed that he would continue to question the relevant responsibilities. The hearing is the first step in the confirmation process for the four financial officials nominated by Trump.
Exness financial market strategist Inky Cho said that the recent decline in the cryptocurrency market may be related to the panic selling caused by Mt.Goxs transfer of BTC to repay debts. At the same time, Trumps remarks about the impending economic recession also brought shocks to the stock and cryptocurrency markets.
From a macro perspective, the correlation between Bitcoin and Nasdaq remains at around 40%, but Bitcoin is polarizing with ETH and other altcoins. Bitcoin is more like a tool to hedge against economic uncertainty and current US tariffs, while altcoins including Ethereum are still tied to the Nasdaq market dominated by the technology industry and technology stocks. In addition, in the long run, Bitcoins role as a tariff hedging tool may increase, especially when tariffs cause economic instability.
