Important information last night and this morning (March 16-March 17)
Reprinted from panewslab
03/17/2025·3M
Analyst: Crypto Community Launches a "Whale Hunting Operation" for "Hyperliquid 50x Giant Whale"
According to an X post by on-chain analyst @ai_9684xtpa, a "whale hunting operation" against Hyperliquid 50x leverage giant whales has begun. ① 11 hours ago, Twitter user @Cbb0fe posted a post to collect the "Liejing Team" and said: If you are willing to have a big fight with this guy, send me a private message. We are forming a team and it has a good scale. ② Just half an hour later, Justin Sun joined. ③ The sudden rise of BTC at 12 o'clock last night seemed to be the "masterpiece" of the whale hunting team, which instantly cleared the 6 million floating profit of the 50x giant whale and even lost 2 million, forcing him to increase the margin of 5 million USDC. However, this hunting came to an end with the hard victory. BTC has fallen back below $83,000, and its position has once again made a floating profit of $5.36 million.
Trump's ex-wife calls on U.S. president to "revoke lawsuit against Roger Ver"
According to Bitcoin.com, Marla Maples, the second wife of U.S. President Donald Trump, posted on social media platform X last Sunday, calling on Trump and his team to abandon their lawsuit against early Bitcoin investor Roger Ver. Videos related to Roger Ver's charity work have been widely circulated on the Internet, with multiple freedom advocates including Ryan Fournier, co-founder of Students for Trump. Last week, a group of international supporters released a video showing Roger Ver's charity-related video, with Trump's ex-wife Marla Maples reposting Fournier's post to her 61,500 followers on the X platform on Sunday. "Share more about calling for the withdrawal of the prosecution against Roger Ver," Maples added. In the news, she tagged U.S. Attorney General Pam Bondi, White House counsel Dave Warrington, Elon Musk and President Trump's @realDonaldTrump X account. Roger Ver was arrested in Spain in May last year and was charged by the United States with suspected mail fraud, tax evasion and filing false tax returns. He is known online as "Bitcoin Jesus" and is the former CEO of digital wallet developer Bitcoin.com.
According to on-chain analyst Yuchen Monitor, the "Hyperliquid 50x giant whale" is already closing BTC short positions through TWAP strategy to take profit. Currently, we have tied 108 BTC short positions in the past hour and a half. Currently, there are still 5,500 short positions in BTC, worth US$455 million. PS: TWAP (Time Weighted Average Price) strategy is to split large-value transaction orders into several small-value orders and execute them at fixed time intervals, thereby reducing the impact of large-scale orders on the market and making the average transaction price closer to the actual market price.
Baidu releases two big models, benchmarking DeepSeek and focusing on multimodal
According to the First Financial News, on March 16, two years after the official release of Wenxin Yiyan, Baidu released the multimodal big model Wenxin 4.5 and Wenxin X1, which benchmarks DeepSeek. Wenxin Big Model 4.5 is online on Baidu Smart Cloud Qianfan Big Model Platform, with an input price of 0.004 yuan/1,000 tokens; Wenxin Big Model X1 has an input price of 0.002 yuan/1,000 tokens, which is half of DeepSeek R1. In addition, Robin Li revealed in his internal speech this year that Baidu will release the 5.0 version of the Wenxin big model in the second half of the year and increase the commercialization of AI applications. Next, Baidu will officially open source the Wenxin big model on June 30. Through Baidu's native multimodal big model Wenxin 4.5, users can upload files including documents, pictures, audio, and videos for AI to interpret. The Wenxin big model X1 is a deep thinking model. The key technologies used include progressive reinforcement learning, end-to-end training based on thinking chains and action chains, and a diverse and unified reward system. Baidu says that it is benchmarked against DeepSeek-R1 in terms of performance and has a "long thinking chain". The reporter saw that in addition to online search, multi-modal capabilities and multi-tool calls have been added, so that they can understand and generate pictures, and call tools to generate codes, charts, etc. Currently, the attachments supported by DeepSeek-R1 only recognize text.
According to the Ouyi OKX market, BTC has just broken through US$83,000 and is now at US$83,012.10 per coin, down 0.37% during the day. ETH just broke through US$1,900 and is now at US$1,901.28 per coin, an intraday increase of 0.33%.
Bank of Korea: Never considered including Bitcoin in foreign exchange reserves
According to South Korea's Economic Television, the Bank of South Korea has made it clear that it has "never considered including Bitcoin in foreign exchange reserves." In response to a written question from MP and member of the Program and Finance Committee Cha Guigen (transliteration), the Bank of South Korea said on the 16th, "We believe that we need to be cautious about the inclusion of Bitcoin in foreign exchange reserves." This is the first time that the Bank of South Korea has made a position on the issue of Bitcoin reserves. The first reason why the Bank of Korea is negative is the high volatility of Bitcoin prices. In response, the Bank of Korea pointed out: "If the virtual asset market becomes unstable, Bitcoin may face the risk of a sharp increase in transaction costs during the monetization process." In addition, the Bank of Korea also stated: "We do not believe Bitcoin does not meet the International Monetary Fund (IMF) foreign exchange reserve calculation standards." For these reasons, the Bank of Korea replied: "As of now, we have never discussed or considered including Bitcoin in foreign exchange reserves." The Bank of Korea also added: "It is understood that some countries such as the Czech Republic and Brazil have been positive about this, but the European Central Bank (ECB), the Swiss National Bank and the Japanese government have all expressed opposition."
US spot Bitcoin ETF reduced its holdings by 55,348 bitcoins in just 35 days, worth US$4.58 billion
According to Bitcoin.com, the latest data shows that the US spot Bitcoin ETF has reduced its holdings of 4.76% of its Bitcoin holdings since February 6, 2025. From January 1 to February 6, the funds added about 56,802.86 bitcoins to their balance sheets, but positions have decreased by 55,348.00 bitcoins over the past 35 days. As of March 14, the total value of Bitcoin held by these funds was US$93.25 billion, accounting for about 5.6% of the total market value of Bitcoin. BlackRock's IBIT consolidated its lead with a net inflow of $39.24 billion and a holding of 568,559.37 Bitcoins. Fidelity's FBTC followed closely behind, with a total inflow of US$11.25 billion and a holding of 194,269.83 Bitcoins. Meanwhile, Grayscale's GBTC ranked third with 193,870.05 bitcoins despite recording a net outflow of $22.5 billion. These three giants - IBIT, FBTC and GBTC - account for 85.26% of the 1.121 million Bitcoin holdings of the entire ETF group. While 12 spot Bitcoin ETFs are currently operating in the market, the 13th competitor may join the competition. On February 14, Osprey Funds submitted a draft registration for its Osprey Bitcoin Trust (OBTC) Form S-1 to the US SEC. As of March 16, 2025, OBTC has not yet obtained the SEC's approval, but according to timechainindex.com, the fund has held about 1,934 bitcoins, worth up to $160 million.
US Treasury Secretary: No guarantee that the United States will not fall into recession
According to Kim Shi, after US President Trump refused to guarantee that the US economy would not grow negatively last weekend, the US Treasury Secretary also said in an interview on Sunday (16th) that there is no guarantee that the US economy will not fall into recession. However, Becent ruled out the possibility of a financial crisis in an NBC interview. Asked if there was a guarantee that there would be no recession during Trump's administration, Becent replied: "There is no guarantee. (Like) anyone can predict the COVID-19 pandemic?" Becent said he was implementing a lasting prudent policy, saying that the country needs to gradually get rid of what it calls large-scale government spending. Asked if the adjustment would lead to a recession, Becent said: "There is no reason to do so." Becent refuted concerns about the recent decline in U.S. stocks, saying that stock market corrections are healthy and that if the government implements good tax policies, relaxes regulation and energy security, the market will be in good condition.
According to the monitoring of the on-chain analyst Yuchen, BTC's sudden rise last night did not clear out the "Hyperliquid 50x giant whale". Now the price of BTC has fallen back to around $82,000. So the giant whale's BTC shorting has now earned $8.3 million: the number of shorting BTC is as high as 5,608, worth $460 million. The cost is $83,923 and the liquidation price is $85,803. In addition, he opened 3.39 million more MELANIA (about $2.4 million) an hour and a half ago for $0.69.
According to Financial Tech Times, mini-gaming platform PlaysOut completed a $7 million seed round of financing at a $70 million valuation. OKX Ventures, KBW Ventures and Pacific Century Group participated in the investment. The financing allows the company to focus on three key missions: expanding its mini-game ecosystem, securing strategic partnerships, and penetrating high-growth markets in the United States, the Middle East and North Africa, and Asia. According to reports, PlaysOut is a mini-game platform that embeds infrastructure such as blockchain functions to help developers release mini-games on platforms such as Telegram, Discord and YouTube. PlaysOut is preparing to launch its embedded SDK in May, allowing developers to build and deploy games more easily.
BTC breaks through $85,000, an intraday increase of 2.07%
According to Ouyi OKX market, BTC has just broken through US$85,000 and is now at US$85,038.30 per coin, an intraday increase of 2.07%.
According to @ai_9684xtpa monitoring, the 50-fold leverage giant whale on Hyperliquid increased its holdings of 100 BTC. The current total position value has reached US$376 million, with a floating profit of US$3.05 million: -Position: 4522.84 - Opening price: 84,018.8 - Clearing price: 85,504 In addition, the giant whale also put a limit price of 1,551 BTC to take profit at US$68,774.
According to Cointelegraph, Bitcoin has fallen 30% after reaching its peak in mid-January, but network economist Timothy Peterson believes that the bull market may come back, saying: "Bitcoin is currently trading near the low end of its historical seasonal range, with Bitcoin's annual performance almost all in two months: April and October, which means that Bitcoin is fully likely to hit record highs by June, with a median target price of $126,000."
According to News.bitcoin, after the hacker group Lazarus Group attacked Bybit, it began to convert some of theft assets into Bitcoin. Data shows that the group now has 13,562 BTC, worth about US$1.14 billion, which has also caused North Korea's Bitcoin holdings to continue to rise. It has surpassed El Salvador (6,117 BTC) and Bhutan (10,635 BTC) to become the third largest government entity in the world with Bitcoin holdings, second only to the United States (198,109 BTC) and the United Kingdom (61,245 BTC)
Token Unlocks data shows that tokens such as MRS, FTN, QAI will be unlocked in large amounts next week, including: Metars Genesis (MRS) will unlock 10 million tokens at 8 am on March 23, with a ratio of 11.87% to current circulation and a value of about US$97.4 million; Fasttoken (FTN) will unlock 20 million tokens at 8 am on March 18, with a ratio of 4.65% to current circulation and a value of about US$79.8 million; QuantixAI (QAI) will unlock about 566,000 tokens at 8 am on March 18, with a ratio of 3960.24% to current circulation and a value of about US$41.4 million; QuantixAI (QAI) will unlock about 566,000 tokens at 8 am on March 18, with a ratio of 3960.24% to current circulation and a value of about US$41.4 million; MANTRA (OM) will unlock 5 million tokens at 8 am on March 23, with a ratio of 0.51% to current circulation and a value of about US$32.8 million; Polyhedra Network (ZKJ) will unlock about 15.53 million tokens at 8 am on March 19, with a ratio of 25.72% to current circulation and a value of about US$31.8 million; SPACE ID (ID) will unlock 78.49 million tokens at 8 am on March 22, with a ratio of 18.23% to current circulation and a value of about US$19.3 million; Melania Meme (MELANIA) will unlock 26.25 million tokens at 8 am on March 18th, Beijing time, with a ratio of 17.50% to current circulation and a value of about US$17.6 million; Immutable (IMX) will unlock 24.52 million tokens at 8 am on March 21st, Beijing time, with a ratio of 1.39% to current circulation and a value of about US$13.4 million; ApeCoin (APE) will unlock 15.6 million tokens at 8:30 pm on March 17th, with a ratio of 1.95% tokens at 8 million; Murasaki (MURA) will unlock 10 million tokens at 8 am on March 23rd, with a ratio of 1.00% to current circulation and a value of about US$7.4 million; Solv Protocol (SOLV) will unlock approximately 117 million tokens at 6 pm Beijing time on March 17, with a ratio of 7.93% to the current circulation and a value of approximately US$5 million.
According to @ai_9684xtpa monitoring, mubarak's market value has once again been high due to the test purchase of CZ donation address, and the floating profit of the first address 0x970...0a710 has increased to US$1.2 million, with a return rate of 1058 times.
On-chain data monitoring shows that the 25-fold short ETH giant whale on Hyperliquid has currently made a floating profit of more than US$90 million. The whale holds about 76,600 ETH, worth about US$144 million, the establishment price is about US$3,058, and the liquidation price is about US$3,195.
According to PRNewswire, the NYSE listed company Cango disclosed that it had received a preliminary non-binding letter of intent from Enduring Wealth Capital Limited (EWCL) to acquire 10 million shares of Class B common shares from the company's co-founders, with the purchase price agreed by both parties. In addition, the letter of intent also requires the founders of Cango to voluntarily convert all the remaining Class B common shares they hold into Class A common shares and resign from the board of directors and senior executive positions. Not only that, EWCL recommends Cango sell its existing domestic business and is happy to introduce potential buyers to boost growth in overseas business, especially its newly launched cryptocurrency mining business.
According to Cointelegraph, although investors are generally worried about the current adjustment, Bitcoin’s historical bull market cycle is still intact and may be just a temporary "fluctuation" before the next round of rises. Bitfinex analysts pointed out that several key technical indicators have turned bearish, leading to speculation that the bull market cycle may end prematurely. Despite this, Bitcoin’s 4-year cycle is still an important factor, historically speaking, price trends. Past trends show that it is not the beginning of a long-term bear market, and $72,000-73,000 is still the key support range. Global Treasury yields and stock trends may determine the next major trend of Bitcoin.
CZ suspected of responding to buying TST and mubarak: do some tests on weekends
Binance Lianchuang CZ posted a message in Binance Plaza that suspected of responding to the purchase of TST and mubarak, and he wrote: Do some tests on the weekend.
CZ spent 1 each in the past 15 minutes. BNB bought 9161 TST and 20155 mubarak
According to @ai_9684xtpa monitoring, CZ spent 1 BNB each to buy 9161 TST and 20155 mubaraks worth US$1,200 in the past 15 minutes; affected by this, both TST and mubaraks rose to different levels.
According to the monitoring of the on-chain analyst Yuchen, the BTC short order of the 50x leverage giant whale on Hyperliquid has been held for more than a day, and he just added another USDC margin of 2.5 million to increase his position in BTC short orders. He is now using 11.75 million USDC margin, and opened a BTC short order worth US$370 million with 40x leverage on Hyperliquid. The opening cost is US$84,043, the liquidation price is US$85,596, and the current floating profit is US$1 million.
According to Cointelegraph, early Uber and Robinhood investor Jason Calacanis, a well-known angel investor, posted on the X platform that Bitcoin has been monopolized by some giants, and now is the best time to build a better Bitcoin, and "the game needs to be restarted." However, Jason Calacanis's view seems to arouse dissent in the industry. Swan Bitcoin Brady Swenson said that Bitcoin is a technological revolution that changes all industries, rather than following the single technology adoption curve like the iPad. Bitcoin will never be replaced as a value transfer protocol, but the competition for the second-tier protocol continues.
