- CEX Hot Coins
CEX Trading Volume Top 10 and 24-Hour Price Change:
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 Price Increase Ranking (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%
- On-Chain Hot Meme Top 5 (Data Source: GMGN):
REVS
YODA
anime
PIPE
Ghibli
- 24H Hot Search Coins
JELLYJELLY: Jelly-My-Jelly (JELLYJELLY) is a Solana-based meme coin that has recently experienced significant price fluctuations, with a surge in 24-hour trading volume. However, there are concerns in the market about price manipulation, leading the Hyperliquid protocol to delist the token and promise compensation to affected users. Hyperliquid has also faced criticism for centralization.
HYPE: HYPE is the native token of the Hyperliquid platform, which is a high-performance Layer 1 blockchain designed to combine the efficiency of centralized exchanges with the transparency of decentralized finance, providing a fast and secure on-chain trading experience. The price of HYPE has dropped approximately 15% in the last 24 hours.
Headlines
Hyperliquid Vault Suffers Nearly $8 Million Loss After Trader Self-Liquidates JELLY Short Position
According to on-chain data, the Hyperliquid Vault is currently facing a loss of over $7 million on its JELLY short position. Previously, it was reported that the Hyperliquid Vault received a $5 million JELLY short position due to automatic liquidation by traders.
Hyperliquid officials posted in the Discord community stating: "After discovering suspicious market activity, validators quickly convened and voted to delist JELLY. All user losses, except for marked addresses, will be deducted from the corresponding funds of the Hyper Foundation. This will be automatically completed in the coming days based on on-chain data. No ticketing is required. The method will be detailed in a later announcement. Like other chains, validators typically need to gather 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 priority. Please note that as of the time of writing, HLP's 24-hour profit and loss is approximately 700,000 USDC. The official team will implement technical improvements and learn lessons to strengthen the ecological network. More details will be shared soon."
Hyperliquid Settles JELLYJELLY at a Favorable Price of $0.0095, No Funds Lost
Market news indicates that Hyperliquid delisted JELLYJELLY and completed the settlement at a favorable price of $0.0095, without losing any funds.
Industry News
South Korean Regulators Plan to Block Access to 17 Unreported VASP Apps on Google Play
The Financial Intelligence Unit (FIU) of South Korea announced that starting March 25, it will impose domestic access restrictions on Google Play platform applications of 17 overseas virtual asset service providers (VASP) that are not registered in South Korea, including KuCoin and MEXC. This means users will not be able to install the related applications or update existing ones.
According to official page information, in the first batch of voting listing projects on Binance, BANANAS31 (19.4%) and WHY (18.8%) ranked as the top two. The official Binance Square commented: "Voting is being counted, please be patient for the final results."
Previously, Binance announced the launch of its first voting listing activity, allowing users to vote on tokens that have completed official due diligence, with the top two ranked tokens qualifying for listing on Binance.
U.S. House to Unveil New Version of Crypto Market Structure Bill
French Hill, Chairman of the U.S. House Financial Services Committee, stated at a blockchain summit in Washington that a revised draft of the new crypto market structure bill will be unveiled in the coming days. This is an updated version of the 'Financial Innovation and Technology Act of the 21st Century' (FIT21) passed by the House last year. The bill has not yet been formally introduced in this Congress but was previously passed in the House with support from 71 Democratic lawmakers, including former Speaker Nancy Pelosi. Hill noted that the draft has been adjusted based on multiple technical opinions. The bill aims to grant the Commodity Futures Trading Commission (CFTC) more regulatory authority and funding to oversee the crypto spot market and digital commodities like Bitcoin, while further clarifying the role of the Securities and Exchange Commission (SEC).
Project News
Polymarket Responds to Event Prediction Result Tampering, Promises to Optimize Rule System
Polymarket announced on its official Discord that it has identified issues regarding the "Ukrainian Rare Earth Market" prediction event. The resolution of this market contradicted the expectations of Polymarket users. Polymarket stated that since this is not a market failure, there will be no refunds.
At the same time, Polymarket and the UMA team have agreed to establish systems and monitoring to ensure that such situations do not recur.
According to previous community news, a user tampered with the prediction result of the "Ukrainian Rare Earth Market" event on Polymarket by hijacking the UMA oracle.
Eclipse Token Code Set as ES, TGE Expected in Weeks
Eclipse, the first SVM Layer 2 network on Ethereum, held a community AMA this morning. According to the summary of the AMA by community leader Alucard and others, the Eclipse team plans to conduct the TGE in a few weeks, with the token code set as ES.
Hack VC Launches Group on Crypto Angel Investment Platform Echo
According to official news, crypto VC firm Hack VC announced the launch of the Echo group on the crypto angel investment platform Echo.
The announcement stated that launching the Echo group is Hack VC's way of democratizing access and making Hack VC truly aligned with the community.
Previously, Coinbase Ventures launched the Base Ecosystem Group on the on-chain private investment platform Echo.xyz this month to support developers.
CZ Adds ReachMe Chat Application Link to X Account Profile
CZ updated his X account profile 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 connecting KOLs with fans. Based on a previous article released by CZ on Binance Square, currently, sending a private message to CZ requires:
- Payment of 0.08 BNB (price not fixed);
- If CZ does not respond within 5 days, a 50% refund will be automatically issued;
- Maximum message length is 2000 characters;
- No attachments or images are allowed.
GameStop Plans to Raise $1.3 Billion to Purchase Bitcoin
GameStop (GME.N) announced on Wednesday that it plans to privately place $1.3 billion in convertible senior notes, maturing in 2030. Additionally, the company stated that it will allow initial purchasers to buy notes with a total principal amount not exceeding $200 million. GameStop stated in a release: "The company intends to use the net proceeds from this offering for general corporate purposes, including acquiring Bitcoin in a manner consistent with GameStop's investment policy."
Investment and Financing
Blockchain game developer Planetarium Labs announced the completion of $3 million in financing, led by Spartan Group and Immutable, with participation from MARBLEX, Comma3 Ventures, Sovrun, 32-Bit Ventures, Notch Ventures, Cristian Manea, Niels de Ruiter, and a group of angel investors. The new funds will be used to expand its game Immortal Rising 2, which will launch its token generation event (TGE) on March 27. Previously, over 9 million soulbound tokens were distributed through an airdrop event.
Enterprise-level loyalty platform Superlogic has completed a $13.7 million Series A round of financing, led by Powerledger, with participation from Sangha Capital, 10SQ, 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 to provide strategic guidance on integrating environmental accountability into experiential rewards.
Voices
BitMEX co-founder Arthur Hayes posted a sharp critique of the "Hyperliquid JELLY liquidation incident" on the X platform, stating, "HYPE cannot bear the impact of the JELLY incident. Let's stop pretending Hyperliquid is decentralized; and let's not pretend traders really care; I bet HYPE will soon return to square one because gamblers are ultimately gamblers."
On-chain detective ZachXBT criticized Hyperliquid on the X platform, stating: "It is outrageous that Hyperliquid officials can arbitrarily manipulate prices, yet remain indifferent when North Korean hackers hold significant short positions using stolen funds from Radiant."
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