Important information last night this morning (March 26-March 27)
Reprinted from panewslab
03/27/2025·1MEarly PEPE giant whale qianbaidu.eth withdraws coins again, holding nearly 700 billion pieces
According to Spot On Chain monitoring, qianbaidu.eth, a giant whale that once made a profit of $7.34 million from PEPE, withdrew 506.2 billion PEPE (about $4.4 million) from Binance about 10 hours ago. Its current holdings are 699.8 billion (about $5.11 million), with a floating profit of $164,000, an increase of 2.8%. The address is one of the early buyers of PEPE and has achieved a 110% return.
Vitalik transfers 250 ETH to Privacy Agreement RAILGUN this morning
According to on-chain analyst Ember Monitoring, Ethereum co-founder Vitalik Buterin transferred 250 ETHs (about $500,000) to the privacy agreement RAILGUN in the early morning this morning. Ethereum co-founder Vitalik Buterin has used the agreement several times to transfer funds and has said that most of these funds are used for charitable donations. RAILGUN supports on-chain privacy transactions, allowing users to manage assets without exposing their addresses.
According to Decrypt, 34 crypto companies including Coinbase, Kraken, Uniswap Labs and other crypto companies jointly wrote a letter to the U.S. Congress, demanding clarification on the Department of Justice's extensive explanation of the definition of "fund transmitter" in Article 1960 of the Criminal Law, saying it threatens the development of local non-custodial software in the United States. The clause was used to accuse Tornado Cash co-founder Roman Storm, raising industry concerns. The DeFi Education Fund said that current practices may convict ordinary developers, calling on Congress to clarify the legislative intent to avoid the "criminal replacement of rules".
According to The Block, the US Senate passed a resolution by 70 to 28, repealing the crypto tax regulations issued by the Biden administration at the end of the period, and the bill will be submitted to President Trump for signature. The IRS DeFi broker rules require some DeFi platforms to report user trading information as securities brokers and issue 1099 forms, causing privacy and compliance disputes. White House crypto adviser David Sacks said senior presidential adviser would recommend signing the bill, a move that would be the first crypto legislation signed during Trump's tenure. The DeFi industry welcomed the move, saying it would help protect innovation and technological development.
According to its X platform account, Binance co-founder and former CEO Zhao Changpeng (CZ) has now enabled the paid private message function through the ReachMe platform. Users need to pay 0.1 BNB per message. If they do not reply within 5 days, the system will automatically refund 50%. All proceeds will be donated to charity. At the same time, ReachMe officially clarified that the platform does not have any official tokens and reminds users to be wary of related frauds.
8:40
Tether acquires 30% stake in Italian media company Be Water
According to Bloomberg, stablecoin issuer Tether will spend about 10 million euros to acquire a 30% stake in Italian media company Be Water. Be Water includes podcast production company Chora Media, Will Media and film and television production publisher Be Water Film. This transaction is part of Tether's recent investment boom, which has previously been involved in agriculture, AI, brain-computer interfaces and other fields. Tether's current market value of USDT is approximately US$144 billion, mainly backed by high-liquid assets such as US bonds.
8:32
Interactive Brokers adds four new cryptocurrency trading services: Solana, Cardano, XRP and Dogecoin
According to Bloomberg, Interactive Brokers announced the addition of four new cryptocurrency trading services: Solana, Cardano, XRP and Dogecoin. These currencies have been previously named by Trump on the Truth Social platform, suggesting that they are included in the U.S. crypto reserves, although the final executive order only covers Bitcoin. The new currency will be provided through Zero Hash and Paxos, expanding customers' flexibility in crypto asset allocation. IB has previously supported mainstream coins such as BTC, ETH, LTC and BCH.
U.S. stocks close: Nasdaq fell 2%, Nvidia fell more than 5%
U.S. stocks closed on Wednesday, with the Dow Jones Industrial Average initially closing down 0.3%, the S&P 500 closed down 1.1%, and the Nasdaq Composite closed down 2%. Tesla (TSLA.O) fell 5.5%, NVDA (NVDA.O) fell 5.7%, Apple (AAPL.O) fell nearly 1%, and Trump Media Technology Group (DJT.O) fell more than 8%. Among blockchain concept stocks, MARA Holdings (MARA) fell 3.23%, Strategy (MSTR.O) fell 3.66%, and Coinbase (COIN.O) fell 5.03%.
According to Bloomberg, OpenAI is close to completing a round of financing of up to US$40 billion, with a valuation of US$300 billion, setting the largest financing record in history. The round of financing was led by SoftBank Group, and the participants also include Magnetar Capital, Coatue Management, Founders Fund and Altimeter Capital. SoftBank will invest a total of about US$30 billion in two phases, with a investment of US$7.5 billion in the first phase. This move significantly improved the basis of OpenAI's valuation of $157 billion in October last year.
According to an announcement issued by the Governor of Wyoming, the Wyoming Stablecoin Committee announced that its fiat currency-backed and fully reserved WYST stablecoins have entered the multi-chain testing stage and are deployed on test networks such as Avalanche, Solana, and Ethereum. WYST is issued by a public entity and is the first such project in the United States. The testing is expected to continue until the second quarter of 2025 and is scheduled to be officially launched in July. Partners include LayerZero and Stargate. WYST will over-collateralize cash and U.S. bonds and inject interest into the state education fund.
GameStop plans to raise $1.3 billion to buy Bitcoin
GameStop announced on Wednesday that it plans to place $1.3 billion in convertible premium notes on a private placement with an expiration date of 2030, Bloomberg reported. In addition, the company said it would allow initial buyers to purchase notes with a total principal of no more than $200 million. "The company hopes to use the net proceeds from the issuance for general corporate purposes, including the acquisition of Bitcoin in a manner that complies with GameStop's investment policies." Earlier this week, GameStop announced that it would include Bitcoin in the company's reserve assets.
Coinbase supports the launch of ALT, PENDLE and L3
According to Coinbase Assets, Coinbase will launch the Ethereum Network (ERC-20) assets AltLayer (ALT), Pendle (PENDLE) and Layer3 (L3), and will open the ALT-USD, PENDLE-USD and L3-USD trading pairs in stages after the liquidity conditions are met at 0:00 a.m. on March 28 (Beijing time).
Coinbase will launch Freysa (FAI) transaction
According to Coinbase Assets, Coinbase will launch Base chain asset Freysa (FAI) and start phased trading of FAI-USD trading pairs from 0:00 a.m. on March 28 (Beijing time) after liquidity conditions are met. The official reminds users not to transfer to this asset through other networks, and transactions in some areas may be restricted.
The top two votes in Binance's first voting are BANANAS31 and WHY respectively
According to Binance Square, Binance's first "Vote to List" vote ended at 00:59 on March 27 (Beijing time). BNB chain project BANANAS31 ranked first with 19.4% votes, and WHY project followed closely with 18.8%, attracting a total of 185,436 votes. Binance emphasized that the voting results are for reference only, and the final listing of the currency still needs to be decided through the review process.
Hyperliquid: Verifiers Committee votes to remove JELLY after discovery of suspicious market activity
According to market news: Hyperliquid said in discord that after the discovery of suspicious market activity, the Verifiers Committee voted to remove JELLY, and all user losses will be fully compensated by the Hyper Foundation except for the tagged address. Compensation will be automatically performed based on on-chain data in the next few days without submitting a work order. The specific implementation plan will be explained in detail in the subsequent announcement. Like other blockchains, validators often need to gather together as a group to take decisive action to ensure network integrity and improve the robustness and transparency of voting systems are top priority.
Hyperliquid has forced JELLY longs to sell their positions to the vault at a 75% discount on the oracle price. According to the on-chain analyst Yuchen, Hyperliquid has closed the settlement of 392 million JELLY short orders, with a settlement price of US$0.0095, which is the price of opening short orders at 0xde9...c91 short address, and now JELLY price is US$0.025.
Market News: Hyperliquid removes JELLYJELLY and settles, no losses in funds
According to market news, Hyperliquid removed JELLYJELLY and settled at a discounted price (0.0095 USD) without losing any funds.
@ai_9684xtpa released Hyperliquid vault and was attacked again to review: 1. The 50-fold leverage whale on Hyperliquid previously used the Hyperliquid mechanism to "actively liquidate 160,000 ETH long positions" and withdraw 1.857 million US dollars in profit; 2. More scheming target selection: At that time, the target of the 50-fold leverage whale on Hyperliquid was ETH, but this time the target of the attacker was Memecoin $Jellyjelly with N times depth gap, so price manipulation became much easier 3. Open an airdrop and set a bait: address 0xde9...f5c91 A $JELLY short order of $4.08 million was issued on Hyperliquid, with a opening price of $0.0095 and a margin of $3.5 million USDC 4. Re-stage active liquidation: Another address Hc8gN...WRcwq After the short order is opened, the spot price is reduced, causing the short order to have floating profit space. At the same time, the opening address has withdrawn 2.76 million USDC margin. The re-adjustment of the position liquidation was taken over by the vault and turned to buy and hollow out the vault: The two waves of intensive buying at 21:01 and 21:45 further increased the floating loss of the vault until the huge amount was paid attention to by the market. As long as jellyjelly does not fall, HLP retail investors will withdraw their investments. The more withdrawn the investment, the lower the liquidation price. It can be understood as "the one who runs early and runs late". Then HLP will run. In the end, there may be no need for jellyjelly to pull the vault. It is forced to close due to insufficient margin... However, HLP's TVL has dropped by about 20 million US dollars, and the short liquidation price has been reduced to $0.14. The last buying operation position that manipulates the coin price address. 1 hour ago, the address currently holds 124 million jellyjelly (valued at US$4.86 million), which is the top 1 position address on the chain. There is no more funds for buying at this address. This is also the main reason for the subsequent large fluctuations in the coin price. As Hyperliquid One of the main competitors, if Binance releases related benefits, such as online jellyjelly spot or other, it will directly kill the game.
Market News: Hyperliquid removes JELLYJELLY after Binance and OKX launch perpetual contracts
According to market news: Hyperliquid removed JELLYJELLY after Binance and OKX launched perpetual contracts.
Binance Contracts to be launched on JELLYJELLYUSDT and MAVIAUSDT USDT perpetual contracts
According to the official announcement, the Binance Contract Platform will launch perpetual contracts at the following times: 00:00 on March 27, 2025 (East Eight Time): JELLYJELLYUSDT perpetual contract, with a maximum leverage of 50 times, 2025 (East Eight Time): PLUMEUSDT perpetual contract, with a maximum leverage of 25 times. Please note that the JELLYJELLY (LINK) perpetual contract has been launched in Binance Alpha market.
According to the on-link analyst Yuchen Monitor, Hyperliquid's HLP vault is unlikely to be demolished. At most, Hyperliquid's liquidator address (that is, the address that now takes over $JELLY short order), and will not affect the other two policy addresses of the HLP vault. The liquidator has $50 million in funds, and the liquidation price of these 398 million short orders in hand is US$0.141. And the current price of $JELLY is $0.033. In other words, if you want to "explode" the liquidator's address, JELLY will have to increase by more than 3 times.
OKX will launch JELLYJELLY perpetual contract
According to the official announcement, Ouyi OKX will officially launch the JELLYJELLYUSDT perpetual contract on the web, App and API on March 26, 2025 at 11:30 pm (UTC+8). The JELLYJELLYUSDT contract trading opening time: 11:30 pm (UTC+8) on March 26 (UTC+8).
Regarding the fact that a certain address today followed the previous operation of Hyperliquid's 50-fold leverage giant whale on Hyperliquid, throwing 398 million JELLY short orders to Hyperliquid, causing the Hyperliquid vault to face liquidation and losses. Sonic Labs Andre Cronje posted on the X platform: I hate this practice (using the Hyperliquid mechanism). The position size should not be a fixed function formula for leverage, but should depend on available liquidity and actual volatility. For example, you can give 1,000 times of leverage to a small position and 1.2 times of leverage. In the DeFi field, the leverage multiple cannot be set to a fixed value.
He Yi responded to the community's call for Binance to go online jellyjelly: "Okay, received"
Regarding community users' proposals that Binance can consider launching jellyjelly, He Yi responded on the X platform: "Okay, received."
According to The Block, K33 analysts said that although the cryptocurrency market has been on a calm upward trend in the past few weeks as U.S. government statements show that tariff attitudes tend to be moderate and the Fed’s slightly dovish stance, the market volatility caused by tariffs may be further intensified in the past few weeks, eight days before President Trump’s “liberation day.” However, the most serious de-risk phase of BTC seems to have ended, and the market is now resuming a wait-and-see attitude, however, some traders are slightly optimistic and remain relatively passive and defensive, not entirely bullish. Analysts believe that if Trump's stance softens, the market may rebound. If the vagueness continues, volatility may affect both long and short positions; if a tough line is adopted, a sharp decline may occur—similar to past tariff-related declines.
Musk's AI application Grok logs on Telegram
According to Techstartups, Grok, an AI application created by Musk's artificial intelligence company xAI, has officially landed on Telegram, allowing it to access a message platform with more than 1 billion monthly active users. It is reported that Telegram Premium users will not have to pay extra fees. Analysts believe that Grok's introduction of Telegram may have an advantage in competition with WhatsApp and Signal.
Tether: T3 FCU has frozen $9 million in funding related to Bybit hackers
Tether officially stated that T3 FCU (T3 Financial Crime Unit) announced today that it had frozen $9 million in funds related to Bybit hackers. Tether CEO Paolo Ardoino said Tether is committed to stopping the actions of criminals. Through the T3 FCU, as well as other partners and global law enforcement, close collaboration will ensure that stablecoin technology is not only transformative, but also safe, transparent and difficult to exploit.
Bitso to issue Mexican peso-based stablecoin MXNB on Arbitrum
According to CoinDesk, cryptocurrency exchange Bitso announced the establishment of a subsidiary of Juno, which will issue and manage digital assets including stablecoins, the first token issued by Juno is the fully supported Mexican Peso stablecoin (MXNB), designed to facilitate cross-border payments and financial transactions in the region. To support its stablecoin adoption, Juno launched the Juno Mint platform, providing enterprises with APIs and tools to issue, exchange and convert MXNB, and implementing fiat currency entry and exit with Mexico's SPEI banking system.
According to @ai_9684xtpa monitoring, the MOVE treasury address transferred 13.35 million tokens to the DWF Labs related address three hours ago, worth US$7.23 million. Arkham marked the address or belonged to DWF, but its superior fund source address had financial transactions with Wintermute/Jump Crypto, and it is temporarily unsure which institution it belongs to.
Bernstein: Strategy is expected to double its Bitcoin holdings to 1 million
According to The Block, Bernstein: Strategy is expected to double its Bitcoin holdings to 1 million. After revealing the latest data on increasing Bitcoin, Bernstein has set Strategy's rating as outperforming the market, with a target price increase of 75% to $600. In addition, Bernstein analysts expect Bitcoin to reach a cycle peak of around $200,000 by the end of 2025, $500,000 by the end of 2029 and $1 million by the end of 2033, during which a year-long bear market will occur intermittently.
US stocks opened, GameStop rose by more than 13% after the results were
At the opening of the U.S. stock market, the Dow Jones Industrial Average rose 0.16%, the S&P 500 fell 0.08%, and the Nasdaq fell 0.3%. GameStop (GME.N) opened more than 13% after the results.
According to The Block, Bloomberg analyst James Seyffart said the XRP ETF could be launched in the next few months and is likely to see the XRP futures ETF first, with the chances of the XRP ETF being approved in 2025 rising due to the US SEC's decision to revoke the Ripple lawsuit. Ripple CEO Brad Garlinghouse revealed in an interview with Bloomberg TV that the XRP ETF may be launched in the second half of 2025, and there are currently about 11 XRP ETF issuance application documents for different companies awaiting approval from the Securities and Exchange Commission. ”
mubarak, USDT and Broccoli are currently ranked among the top 3 holdings of Binance Alpha Wallet
According to Arkham monitoring data, the current top 3 positions in Binance Alpha Wallet are: mubarak, USDT and Broccoli, including: 1. Mubarak's holdings are about 47.492 million pieces, worth US$6.85 million; 2. USDT's holdings are about 2.505 million pieces, worth US$2.51 million; 3. Broccoli's holdings are about 32.494 million pieces, worth US$1.7 million.
Michael Saylor: Preferred stock STRF will be listed on Nasdaq today
Michael Saylor, founder of Strategy (formerly MicroStrategy), posted on the X platform that the company's latest preferred stock STRF (Strife), is expected to be listed on the Nasdaq today. Previous news, according to the Securities and Exchange Commission's disclosure documents, several Strategy insiders bought their latest preferred shares, involving executives such as the company's CEO and CFO. CEO Phong Le bought 6,000 shares of preferred shares for $85, Chief Financial Officer Andrew Kang bought 1,500 shares, and General Counsel Wei-Ming Shao bought 500 shares.
PARTI token spot trading volume exceeds US$1 billion in 24 hours
According to CoinGecko and GeckoTerminal data, Particle Network token PARTI has a 24-hour spot trading volume of more than US$1 billion, a contract trading volume of more than US$4 billion, and a number of on-chain holders exceeding 170,000 on-chain trading popularity, surpassing Fartcoin's ranking first.
Kaito AI: It plans to launch a KAITO continuous rewards program in April
Kaito AI posted on the X platform that Quad-core will launch a continuous KAITO reward program from April, with the $5,000 in sKAITO being distributed between the top 50 Yappers and the top 50 emerging Yappers each week, meaning that people who publish high-impact encrypted content will receive continuous rewards, and in this way, our strategic KAITO reserve will give back to the community.
EOS parent company CEO Brendan Blume spends nearly 170 million euros to buy a luxury home in Italy
According to Unionesarda, Brendan Blumer (BB), CEO of Vaulta (formerly EOS Network), parent company Block. one and chairman of Bullish, recently bought the villa of Romazzino for nearly 170 million euros. Apart from Villa Certosa, this deal is the highest-value deal in history in Sardinia and even Italy. The media revealed that the villa in Romazzino, Brendan Blumer bought this time, is one of the most luxurious mansions in Costa Smeralda, the old mansion of former Saudi oil minister Ahmed Zaki Yamani. The mansion has a 350-meter coastline and covers an area of 2.3 hectares. It has 28 bedrooms, 35 bathrooms, a spacious terrace, two private beach entrances, two exclusive marinas, three swimming pools, and approximately 23,000 square meters of gardens and supporting facilities.
GameStop: No Bitcoin holding limit is set, and the Bitcoin holdings may be sold in the future
According to Business Insider, GameStop has previously stated in a brief statement that the board of directors has passed the updated investment policy unanimously, using Bitcoin as the company's financial reserve asset. This move is not entirely unexpected, as there have been many rumors in the market over the past few weeks surrounding GameStop and its CEO Ryan Cohen’s Bitcoin layout. In the 10-K file, GameStop revealed that the company may invest some of the proceeds from cash, debt or equity financing in Bitcoin in the future. "We have not set a limit on Bitcoin holdings and may sell the Bitcoin it holds." GameStop also released its fourth-quarter financial report on Tuesday night. Data shows that as of February 1, the company's revenue for the quarter was US$1.283 billion, a sharp decline from US$1.794 billion in the same period last year.
Kirill Kretov, trading expert at CoinPanel, a cryptocurrency trading automation platform, warns investors to be extra cautious in the current environment. At this stage, retail investors are sluggish in activity and trading volume is thin, and even the so-called smart money is on the sidelines. It is no accident that the power that truly has the ability to promote the market chooses to remain silent. Kirill Kretov believes that long-term Bitcoin holders who have experienced the previous cycles are still sticking to their positions and waiting for a higher exit price. This "selling reluctance" behavior has formed market selling pressure and aggravated the fragility of price volatility. Although volatility may clean up retail investors who hold excessive positions, he pointed out that only the "complete clearance" of long-term holders being forced to sell can create a "pure stage" for establishing new positions for large investors, and any rebound before this is full of danger.
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