1. Received US$2 billion to surrender to the UAE

The rumored boots of "Binance seeks sale" have landed. On March 12, 2025, Binance announced a $2 billion investment (paid in stablecoins) in Abu Dhabi MGX, and MGX acquired a minority stake in Binance. The deal is Binance’s first institutional investment to date and the largest single investment in a cryptocurrency company. Click to read

2. When can the tokenization of Coinbase stocks "coin stocks equal rights"

be resolved?

Recently, Coinbase CEO Brian Armstrong said on X that Coinbase is actively exploring the possibility of tokenizing the company's stock. It is reported that Coinbase has conducted preliminary communication with the U.S. Securities and Exchange Commission (SEC) and is studying how to shareholding stocks in tokenized stocks enjoy the same interests as traditional stock holders. Click to read

3. Logical analysis of Binance’s share reduction and MGX investment:

valuation, motivation and market impact

As the market gradually cools down, Binance today announced that MGX has invested in Binance. Based on the objective fact that Binance sold a large number of crypto assets in January, I analyzed the possible investment logic of MGX, the motivation for Binance to reduce its holdings, and the market impact, hoping to provide a logical explanation for a series of events. Click to read

4.Bank New York Mellon and Circle strengthen business dealings

As banks’ attitudes toward cryptocurrencies warm, Bank of New York Mellon (BNY), the oldest U.S. bank, is expanding its services to stablecoin giant Circle, the latest sign that banks are relaxing access to the cryptocurrency industry in a more friendly regulatory environment. The bank will allow some customers to send money to or receive payments from Circle through BNY to buy or sell Circle's stablecoins, people familiar with the matter said. Previously, Circle's customers had to use small U.S. banks to send money to Circle, which could limit the scale of the stablecoin company's growth. Click to read

5. The United States is brewing a recession

On March 10, 2025, the U.S. stock market staged a thrilling plunge. The Nasdaq fell 4% in a single day, setting the largest single-day decline since September 2022; the S&P 500 fell 2.7%, setting its worst single-day performance since December 18, 2024; the Dow Jones closed down 2.08%. Technology stocks led the decline, and Nvidia, the former market darling, fell 5.1%, and fell nearly 20% so far this year (as of the close of March 11); Tesla plummeted more than 15% on the same day, setting the largest single-day decline in more than four years, with its market value evaporated by US$130 billion overnight. Click to read