PA Daily | Trump Notices Economy May Slow; UNI Token Holders Approve $165.5 Million in New Foundation Funds
Reprinted from panewslab
03/20/2025·2MToday's news tips:
Ripple CEO: XRP ETF is expected to be launched by the end of 2025, and IPO is not impossible
10x Research: Bitcoin is currently in a small bear market, with $90,000 being the key fulcrum level
Binance will launch 6 perpetual contracts including TUT/USDT, BID/USDT, up to 25 times leverage
Regulatory/Macro
SlowMist founder Cosine released a response guide to computer poisoning problems and added it to the Chinese version of the Black Manual. He pointed out that hacker organizations often induce users to install malware or run malicious code through social engineering, such as pretending to be an investor, reporter or HR for conference software induction, or pretending to be a Telegram and Cloudflare verification, requiring users to run malicious code. Cosine recommends that poisoned users take the following measures in a timely manner: transfer wallet funds, modify important account passwords and check the login of unknown devices, use well-known antivirus software to check and kill viruses, and reset the computer if necessary and antivirus the backup files. He stressed that these attacks are not only targeting Windows, but also Mac and some Linux systems.
According to Bloomberg, Bilal bin Saqib, CEO of the Pakistan Crypto Council, said in an interview that the country aims to develop a clear regulatory framework to manage digital asset activities to promote the development of local ecosystems. "Pakistan is no longer standing by and we want to attract international investment because Pakistan is a low-cost and high-growth market with 60% of its population under the age of 30. We have a local workforce ready to build Web3," Saqib said. He hopes to build Pakistan into a cryptocurrency capital in South Asia, competing for leadership in the blockchain field with Dubai, Singapore and Hong Kong, China. The legalization plan comes after Saqib was appointed as Chief Advisor to Digital Asset Management, the Minister of Finance earlier this month. He will also advise on exploring the use of artificial intelligence to improve government efficiency, optimize decision-making processes, and promote innovation in public sector operations. "Trump is making cryptocurrency a national priority and every country, including Pakistan, will have to follow suit," Saqib said. According to Chainalysis, Pakistan ranks ninth in the world in terms of cryptocurrency adoption rates. Saqib mentioned in the interview that Pakistan has about 15 million to 20 million cryptocurrency users.
Trump evidently suggests economic slowdown
According to King Thousand, Trump said on social media: "As U.S. tariffs start to affect the economy (slow down!), it will be much better for the Fed to lower interest rates. Do the right thing. April 2 is the U.S. liberation day."
Slow fog: Encrypted users are wary of Trojans disguised as cracked versions of TradingView
23pds, chief information security officer of Slow Fog Technology, posted on the X platform that cryptocurrency users are wary of Trojans disguised as cracked versions of TradingView. Recently, AMOS and Lumma information stealing programs are spreading through Reddit posts, specifically targeting cryptocurrency users, stealing wallets and personal data, with victims including Mac and Windows users.
Czech central bank officials express "suspicion" of Bitcoin as a reserve asset
Jan Kubicek, a member of the Czech Central Bank (CNB), is skeptical about the inclusion of Bitcoin in the bank's reserve assets, mainly concerned about its legal uncertainty and high volatility. Earlier this year, Czech Central Bank President Ales Michl proposed to consider including Bitcoin as a reserve asset, but Deputy Governor Eva Zamrazilova believes Bitcoin is not suitable as a reserve asset. The Czech Central Bank is currently studying the possibility of expanding the reserve asset class, and it is expected that the relevant research will be completed by October, which may include the feasibility of holding assets such as international corporate bonds, technology stock indexes and real estate investment funds.
Trump will attend the New York Digital Assets Summit this Thursday and deliver a speech
According to Blockworks, U.S. President Trump will give a speech at the New York Digital Assets Summit (DAS) this Thursday, the first time in history that an incumbent president has spoken at the cryptocurrency industry conference. Earlier, Bo Hines, executive director of the White House President's Digital Assets Advisory Committee, said that the Trump administration plans to establish strategic Bitcoin reserves and actively hoard Bitcoin "accumulate assets for the American people." The meeting also attracted several political and industry leaders, including Councillors Ro Khanna, Tom Emmer, MicroStrategy CEO Michael Saylor and Ripple CEO Brad Garlinghouse. Trump's speech will be broadcast live through X and YouTube. In addition, according to crypto reporter Eleanor Terrett, Trump plans to deliver a speech at the Digital Assets Summit in a recorded form at 10:40 am Eastern Time on Thursday (22:44 Beijing time on March 20). Trump is expected to announce his subsequent encryption policy by then.
Volatility Shares to launch two Solana futures ETFs on March 20
Volatility Shares will launch two Solana (SOL)-based futures ETFs, namely Volatility Shares Solana ETF (SOLZ) and Volatility Shares 2X Solana ETF (SOLT) on March 20, according to Cointelegraph. According to the Securities and Exchange Commission (SEC) filing, the Volatility Shares Solana ETF (SOLZ) has an administrative fee of 0.95%, until June 30, 2026, after which the administrative fee will be raised to 1.15%. The Volatility Shares 2X Solana ETF will provide investors with 2x leverage, with an administrative fee of 1.85%. This application is the first Solana-based ETF in the United States, after the Chicago Mercantile Exchange (CME) Group launched the SOL futures contract.
The Fed sharply lowers its growth forecast for 2025, while raising inflation expectations
According to Tonghuashun Finance, the Federal Reserve's FOMC economic expectations show that the median GDP growth rate expected from 2025 to the end of 2027 will be 1.7%, 1.8%, and 1.8%, respectively, and the December forecast will be 2.1%, 2.0% and 1.9%, respectively. The median expected federal funds rate from 2025 to 2027 will be 3.9%, 3.4% and 3.1%, respectively, while December's forecast will be 3.9%, 3.4% and 3.1%, respectively. The median expected unemployment rate from 2025 to the end of 2027 will be 4.4%, 4.3% and 4.3% respectively, while the forecast for December will be 4.3%, 4.3% and 4.3% respectively. The median core PCE inflation expectations from the end of 2025 to 2027 will be 2.8%, 2.2%, and 2.0%, respectively, and the December expectations will be 2.5%, 2.2% and 2.0%, respectively.
According to Wall Street News, the Federal Reserve remained unchanged -maintaining the target range of federal funds rate between 4.25% and 4.50%, in line with market expectations. The pace of balance sheet reduction began to slow down on April 1, lowering the upper limit of monthly reduction in US Treasury bonds to US$5 billion, and maintaining the scale of monthly reduction in mortgage-backed securities (MBS) unchanged at US$35 billion. The resolution statement said: The uncertainty faced by the economy has increased, lowered the growth expectations for 2025 and raised inflation expectations. Eliminate the wording about the roughly balanced risks faced by the Fed’s goals (maintaining price stability + achieving full employment). Federal Reserve Director Waller supported the FOMC interest rate decision but objected to the balance sheet decision.
Viewpoint
Bybit co-founder Ben Zhou released the latest summary of the stolen funds. It is reported that of the total stolen funds of US$1.4 billion (about 500,000 ETH), 88.87% are still traceable, 7.59% are missing, and 3.54% are frozen. The report shows that 86.29% of the stolen funds (about 440,000 ETH, worth $1.23 billion) have been converted to 12,836 BTC, distributed among 9,117 wallets, with an average of 1.41 BTC per wallet. Hackers began to transfer funds using BTC currency mixers such as Wasabi, CryptoMixer, Railgun and TornadoCash. Among them, 193 BTCs mainly flowed to Wasabi currency mixers and were then dispersed to multiple P2P traders. Ben Zhou said that decoding mixer transactions have become the biggest challenge currently facing and called on more bounty hunters to participate in tracking and decoding. In the past 30 days, the platform has received 5,012 bounty reports, of which 63 are valid reports. Previous news, Bybit CEO: 77% of the stolen funds are still trackable, 20% are no longer trackable, and 3% have been frozen.
Ripple CEO: XRP ETF is expected to be launched by the end of 2025, and IPO is not impossible
According to CoinDesk, Ripple CEO Brad Garlinghouse said in an interview with Bloomberg that it is expected to launch the XRP Exchange Trading Fund (ETF) by the end of 2025 after the legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC). "I am confident in ETFs, and at the same time, Ripple Labs' IPO is not impossible," Brad said.
BitMEX co-founder Arthur Hayes posted on X platform: "Powell has fulfilled his promise, and the quantitative tightening (QT) basically ends on April 1. Next, if we want to really push the market into a bull market, we must either restore the supplementary leverage ratio (SLR) exemption policy or restart quantitative easing (QE). Bitcoin $77,000 may be the bottom, which is possible. However, the stock market may have to experience another fluctuation before Jay (Powell) will completely turn to the Trump team. So, everyone must be flexible and have cash on hand."
10x Research: Bitcoin is currently in a small bear market, with $90,000 being the key fulcrum level
10x Research posted on X platform: "Bitcoin is currently in a small bear market based on multiple indicators, and as we emphasized earlier, $90,000 is a key fulcrum level. The recent move is a short-term counter-trend rebound that offers opportunities to make profits in this broader consolidation phase. As we expected, the FOMC meeting was slightly dovish."
According to King Shi, Federal Reserve Chairman Powell said that the Federal Reserve does not need to rush to adjust its policy stance and needs to wait and see based on the data. Restrictive positions may be relaxed or maintained as needed. It is already at a stage where interest rates can be cut or the current clear austerity policy stance can be maintained. Inflation is still slightly higher. Further progress in inflation this year may be delayed. The baseline forecast is that inflation will be temporary. The U.S. economy is strong, and surveys show increased economic uncertainty. Recent signs indicate a slowdown in consumer spending. Signs of weakness in hard data will be closely watched. Forecasters have increased the likelihood of a recession to some extent, but are still not high. The labor market situation is stable and the overall labor market remains balanced. Both recruitment and layoffs are at low levels, and a significant increase in layoffs may quickly translate into unemployment. Layouts are important to the relevant personnel, but not significant at the national level. The slowing down table is a technical adjustment. Slowing the shrinking table means slower but lasts longer. There is currently no plan to slow down the reduction of MBS, and it tends to eliminate MBS in the table. There is uncertainty about the impact of tariffs, focusing on the net impact of policies, short-term inflation expectations are rising. If commodity inflation data continues to be strong in the recent past, this will definitely be related to tariffs. Staff simulated and predicted that the United States will be fully retaliated for tariffs.
Project News
Binance will launch 6 perpetual contracts including TUT/USDT, BID/USDT, up to 25 times leverage
Binance Futures announced that it will launch a number of USDT perpetual contracts, which support up to 25 times leverage. The specific launch time is as follows: March 20, 2025 at 17:00: TUTUSDT perpetual contract March 20, 2025 at 17:15: BIDUSDT perpetual contract March 21, 2025 at 17:00: BROCCOLI714USDT perpetual contract March 21, 2025 at 17:15: BROCCOLIF3BUSDT perpetual contract March 22, 2025 at 17:00: SIRENUSDT perpetual contract March 22, 2025 at 17:15: BANANAS31USDT perpetual contract.
Ordinals browser Ord.io said on X platform that Ordinals and Casey, founder of Runes protocol, announced an upgrade of the Runes protocol, called "agents", which will allow Runes AMM (automated market makers) to run on Bitcoin L1. Agents utilize the “Interactive Trading Build” feature to enable market makers to add liquidity to Runes AMMs in a trustless way. Runes AMM agents will address the “batch split” and memory pool sniping user experience issues related to trading Runes on Bitcoin L1. Agents' upgrade date has not been announced yet.
According to the official announcement, Binance is now inviting users to vote on the first batch of voting coin listing projects through the official post of Binance Plaza. The first batch of voting coin pools only include BNB smart chain tokens in Binance Alpha. Future voting rounds will expand to all tokens in Binance Alpha. A variety of factors will be considered to determine the voting pool, including project fundamentals and performance indicators, token economics, secondary market performance, technical risk assessment, team background and compliance review. This round of voting will be open for the following projects: BANANAS31 (Banana For Scale), BID (CreatorBid), Broccoli (Broccoli), Broccoli (CZ'S Dog), KOMA (Koma Inu), SIREN (SIREN), mubarak (mubarak), TUT (Tutorial), WHY (why). Binance will select two tokens to list on Binance after completing official due diligence and procedures. The voting time is from 17:00 on March 19, 2025 (UTC) to 16:59 on March 26, 2025 (UTC). Voting method: ① Each user can vote for up to 5 projects and can choose to vote for fewer projects; each verified account can only allocate one vote for one project. ② Users must log in to their verified Binance account and hold at least 0.01 BNB in their main account throughout the voting period to make their vote valid.
The Uniswap community has voted to pass two governance proposals to promote the development of the Unichain Layer 2 and Uniswap v4 protocols. The proposal includes attracting new users and supporting ecological growth through liquidity incentives, designed by the Uniswap Foundation in partnership with Gauntlet. The foundation requested $95.4 million to invest in its funding budget and another $25.1 million is needed for operating funds in the next two years. In addition, a $45 million budget was proposed to support liquidity incentives. Gauntlet has deployed an Aera vault on the main network, injecting more than 7.5 million UNI tokens worth approximately $52 million. Regarding the fee switch, the proposal states that the Uniswap Foundation will take the necessary legal steps to distribute the agreement fee income to the governance members.
Important data
On-chain data shows that WLFI tokens are suspected of undergoing transfer function tests. Five hours ago, an address marked "WLFI" on the chain transferred 199,999,953 WLFIs to an address.
According to monitoring by the on-link analyst @ai_9684xtpa, the band address of the 02.26 average price of US$2471 to build a position of 13306 ETH again increased its position of 2467 ETH, lowering the cost to US$2401, and currently has a floating loss of US$5.88 million. The position building address pledged ETH into Aave 16 hours ago and lent 8 million USDT, of which 5 million were recharged into Binance and then proposed the corresponding value of ETH, and the other 3 million were recharged into OKX, or intend to further increase the position.
A new wallet withdraws 2 million OMs from Binance, which is about $17.07 million
According to The Data Nerd monitors, four or five hours ago, another new wallet (starting from 0xE2f9) withdraws 2 million OMs (about $17.07 million) from Binance.
According to the monitoring of on-chain analyst @ai_9684xtpa, the balance of the public repurchase address of the SHELL market makers has increased to 19.95 million tokens, with an estimated value of US$5.92 million at the proposed price, which is 74% of the repurchase progress (the latest transaction was 11 hours ago), but the price of SHELL has not increased significantly, and the current price is US$0.3029.
According to the monitoring of the on-chain analyst Yuchen, the "Hyperliquid 50x giant whale" announced the incident around the Federal Reserve's interest rate in the early morning, and operated crazy in the three hours between 12:00 and 3:00, and double-checked on BTC, turning 690,000 USDC into 1.826 million USDC, with a profit of 164%. The specific operations are as follows: ① At 2 a.m., the Federal Reserve wants to announce the interest rate decision. He opened short 326 BTC ($27.6 million) at 12 o'clock at $84.566, and then closed short at $83.927 before the interest rate decision is about to be announced (1:48) and made a profit of $215,000; ② As soon as the interest rate was announced at 2 o'clock, he immediately opened short 256 BTC ($84.404) at $84.404 at 2:01, and quickly went to $83.906 after 6 minutes. Quickly close the position and make a profit of US$250,000; ③ After shorting, turn long immediately, open 518 BTC ($43.8 million) at $84,500 at 2:10, then close the position at $85,700 at 2:59, making a profit of US$620,000; ④ After longing, get a profit of US$85,666 immediately: open 384 BTC ($32.9 million) at $85,146 at 2 minutes, close the position at $85,146, making a profit of US$106,000.
120,000 ETHs were transferred from Bybit to unknown wallet in 4 transactions, about US$241 million
According to Whale Alert monitoring, Bybit Exchange has four large-scale ETH transfers in a short period of time, a total of 120,000 ETH (about US$241 million) were transferred to unknown wallets, with each transaction amounting to 30,000 ETHs. Previous news, 30,000 ETHs were transferred from Bybit to unknown wallet, worth about $60.48 million.
Financing
According to a registration statement filed with the Securities and Exchange Commission on Friday, three senior leaders of Trump Media & Technology Group have set up a new blank check company (SPAC) to acquire businesses in cryptocurrencies or related industries — while the Trump administration is trying to shape the landscape of the industry, Forbes reported. Cayman Islands registered Special Purpose Acquisition Corp. (SPAC) Renatus Tactical Acquisition Corp I plans to raise at least $179 million through an initial public offering (IPO) and private placement, with funds to acquire another business. The company's leadership is closely related to the media companies of U.S. President Trump: Renatus Tactical CEO Eric Swider is a member of the Trump Media's board of directors and leads the company merged with Trump Media; Devin Nunes, CEO, President and Chairman of Trump Media, also serves as chairman of the board of directors of Renatus Tactical; Alexander Cano, chief operating officer of Renatus Tactical, was once the president and secretary of the merger with Trump Media. According to the SEC filing by Renatus Tactical, the company aims to acquire cryptocurrencies and blockchain, data security and dual-use technology sectors, with a large number of government involvement as regulators or major clients.
Decentralized trading agreement Hibachi completes seed round of $5 million
According to official news, decentralized trading agreement Hibachi announced the completion of a $5 million seed round of financing, with Dragonfly, Electric Capital and echo participating in the investment. According to reports, Hibachi is a decentralized trading protocol designed for professional traders, emphasizing the realization of proven security through zero-knowledge (zk) mathematics.
Source: Kraken is considering a $1.5 billion acquisition of trading platform NinjaTrader
According to sources from the Wall Street Journal, Kraken is considering a $1.5 billion acquisition of foreign exchange and futures trading platform NinjaTrader. The announcement is expected to be announced as early as Thursday. The deal will allow Kraken to use NinjaTrader’s Futures Commissioner (FCM) license to offer cryptocurrency futures and derivatives in the United States.
Crypto wallet infrastructure company Privy raises $15 million, led by Ribbit Capital
According to Fortune, blockchain infrastructure company Privy has raised $15 million in a new round of financing, led by Ribbit Capital, with Sequoia Capital, Paradigm and Coinbase also involved. The financing brought Privy's total financing amount to more than $40 million. Privy provides businesses with tools to connect crypto wallets to applications or websites, aiming to simplify the use of crypto wallets so that mainstream users can access the blockchain world more easily. Privy plans to use the funds to double its team size in the next 18 months, currently serving about 50 million accounts and working with more than 1,000 companies.
Pluralis Research completes $7.6 million seed round, led by CoinFund and Union Square Ventures
According to Fortune, Pluralis Research has raised $7.6 million in seed funding, led by CoinFund and Union Square Ventures, with other investors including Topology, Variant, Eden Block, Bodhi Ventures and well-known crypto investor Balaji Srinivasan. Pluralis aims to provide computing power through a decentralized blockchain network, challenging the dominance of large enterprises in the AI field. The company plans to use this fund to conduct research to see if AI models can be trained through distributed networks to avoid centralized computing resources. Founder Alexander Long, who worked as an AI engineer at Amazon, and he and his team are working to make small companies compete in AI.
According to CoinDesk, digital asset platform Utila raised $18 million in a Series A financing to expand its multi-party computing (MPC) wallet service to meet the growing demand for institutional digital asset management. Nyca Partners led the round of funding, with other participants including Wing VC, NFX, Haymaker Ventures, Gaingels and Cerca Partners. Since its debut last year, the latest round of financing has brought the startup's total venture capital to about $30 million. Utila CEO Bentzi Rabi said payment providers, fintech companies and emerging banks are increasingly using digital assets, including stablecoins and tokenized assets. The Utila platform has processed $8 billion in monthly digital asset transactions, a significant increase from $3 billion in early 2024. The financing will help Utila expand global markets and enhance product capabilities, including advanced Gas management, API integration and smart contract support. Last year, the institutional encryption platform Utila completed a $11.5 million seed round of financing, led by Framework Ventures and others.
Stable Coin Company Stable Sea completes $3.5 million in financing, led by Kindred Ventures
Stable Coin-fiat currency solutions provider Stable Sea announced a $3.5 million financing led by Kindred Ventures, with Ludlow Ventures, DFS Lab, The Venture Dept. and The Fintech Fund participating. The funding will be used to further promote Stable Sea’s mission to provide efficient, economical and compliant stablecoin withdrawal solutions.
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