1. CEX popular currencies
CEX top 10 trading volume and 24-hour rise and fall:
BNB: 6.11%
BTC: 6.39%
ETH: 5.04%
SOL: 7.58%
DOGE: 10.93%
XRP: 11.94%
Trump: 6.02%
ADA: 8.47%
RARE: 3.48%
PEPE: 16.33%
24 H increase list (data source: OKX):
BANANA: 39.8%
PRQ: 27.24%
AUCTION： 20.88%
ID: 14.47%
TIA: 11.36%
VELO: 9.58%
SWFTC: 8.63%
CTC: 7.75%
VRA: 7.68%
SONIC: 7.47%
2. Top 5 popular memes on the chain (data source: GMGN ):
YODA
PIPE
SAYLOR
PROMETHEUS
WTFO
3. 24-hour hot search currencies
PWEASE: A meme coin inspired by the interaction between US Vice President Vance and Ukrainian President Zelensky. The name comes from a humorous misspelling of please and also pokes fun at the perceived arrogance of US Vice President Vance during his interaction with Ukrainian President Zelensky.
Headlines
CBOE Files Application to Allow Staking for Fidelity Ethereum ETF
According to market news, the Chicago Board Options Exchange (CBOE) submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) to amend the relevant regulations of the Fidelity Ethereum Fund. The trusts shares have been approved by the commission to be listed and traded on the exchange in accordance with BZX Rule 14.11(e)(4). The amendment is intended to allow the Ethereum held by the trust to be pledged.
Cynthia Lummis announces reintroduction of new version of Bitcoin bill
Cynthia Lummis, a crypto-friendly U.S. senator and chair of the U.S. Senate Banking and Digital Assets Subcommittee, announced on the X platform that she has reintroduced a new version of the Bitcoin Act. The legislation will incorporate President Trumps vision of establishing a U.S. strategic Bitcoin reserve. Cynthia Lummis said that Bitcoin is not only a technological opportunity, but also a national priority for the United States to continue to maintain its financial leadership in the 21st century.
US Congress votes to overturn IRS cryptocurrency tax reporting rules
On March 12, 2025, the U.S. House of Representatives passed a resolution by 292 votes to 132, overturning the IRSs rule requiring cryptocurrency platforms (including decentralized finance DeFi entities) to collect and report taxpayer and transaction data. The resolution has bipartisan support and aims to avoid imposing unreasonable regulatory burdens on DeFi platforms. Opponents believe that this move could encourage tax evasion and criminal activities and increase the national debt by $4 billion. The IRS said the rule is designed to ensure tax compliance and is consistent with existing broker regulations. If passed by the Senate and signed by President Trump, the IRS will be permanently prohibited from implementing similar rules.
Trump said on social media Truth that in response to Ontario, Canadas 25% tariff on electricity entering the United States, he has instructed the Secretary of Commerce to impose an additional 25% tariff on all steel and aluminum entering the United States from Canada, bringing the tariff level to 50%, which will take effect tomorrow morning, March 12. In addition, Canada must immediately cancel its anti-American farmer tariffs of 250% to 390% on various American dairy products, which have always been considered outrageous, and will soon declare a national power emergency in the threatened areas. This will enable the United States to quickly take the measures that must be taken to mitigate the abuse threats from Canada. If Canada does not similarly cancel other shocking long-standing tariffs, it will significantly increase tariffs on cars entering the United States on April 2, which will essentially permanently shut down Canadas auto manufacturing industry.
Industry News
Copper and Anchorage Digital have become the custodians of the BTC financing business of asset management giant Cantor Fitzgerald, which aims to provide institutional investors with leveraged trading services for their Bitcoin holdings, with an initial start-up capital of $2 billion. It is worth mentioning that Howard Lutnick, former CEO of Cantor Fitzgeral, is currently the Secretary of Commerce, and he has always been a supporter of incorporating BTC into traditional finance.
Coreweave and OpenAI reach a strategic agreement worth $11.9 billion
Coreweave has announced a strategic agreement with OpenAI with a contract value of up to US$11.9 billion. OpenAI will also become an investor in AI HyperScaler by issuing US$350 million worth of Coreweave shares. It is reported that this strategic transaction involves expanding OpenAIs computing power and extending its latest models to its hundreds of millions of global users.
Transaction Agreement Vest announced the completion of a $5 million financing round, with participation from BlackRock, Jane Street Group, Selini Capital, Amber Group, QCQ Group and Big Brain VC.
Vest replaces the need for fragmented individual risk assessments with a verifiable, neutral framework. Instead of relying on trust, financial participants can use a shared, objective risk model that dynamically adjusts based on market conditions.
Project News
StarkWare, the protocol contributor and development company behind Starknet, announced that it has established a strategic Bitcoin reserve and will hold more funds in the form of BTC in the future. StarkWare was valued at US$8 billion in the last round of investment and is a core contributor to Ethereums second layer Starknet. In the past few years, the company has invested more time and resources in Bitcoin research. At present, StarkWare has not disclosed specific details on how much Bitcoin it holds or plans to acquire.
GoPlus Security launches buyback program and user compensation plan
In response to the price fluctuations of GPS tokens, GoPlus Security released a remediation and improvement plan on the X platform:
1. Market maker fund repurchase commitment. Binance has frozen the USDT assets generated by GPS transactions in the original market maker account (the current balance is 4.34 million USDT). Once the regulatory procedures are completed, these funds will be transferred to our control. We promise: within 90 days, in accordance with laws, regulations and market rules, use these funds to repurchase GPS tokens to support healthy market development; optimize market liquidity through this repurchase plan, reduce the impact of previous market making activities, and rebuild market confidence; ensure that the repurchase process is transparent and compliant, update the community regularly, and maintain close communication with relevant parties. Repurchase principles: set limit orders on Binances GPS/USDT trading pair; make multiple small purchases every day to avoid causing market fluctuations; all repurchased tokens will be permanently destroyed to prevent future market impacts.
2. Additional Compensation Plan: The team has allocated an additional $2 million to compensate users directly. This compensation will be distributed directly through Binance to users who made net purchases on the Binance platform between 21:00:00 on March 4 and 17:55:59 on March 5 (UTC+8). Eligible users will receive a corresponding share of the $2 million USDC. Net buyer definition: The total amount of GPS tokens purchased during the qualification period minus the total amount of GPS tokens sold must be a positive number. Note: This compensation plan includes spot and leverage users.
Regulatory trends
Mark Uyeda, acting chairman of the U.S. Securities and Exchange Commission (SEC), said he has directed staff to study abandoning a plan that would expand the definition of alternative trading systems to include some cryptocurrency companies. The SEC proposed in 2022 to require some cryptocurrency companies to register as alternative trading systems, a proposal that has drawn criticism from the industry in the face of possible increased supervision and additional rules. The plan has not yet been finalized.
Investment and Financing
Encrypted payment company Mesh completes $82 million Series B financing, led by Paradigm
Crypto payment company Mesh announced the completion of $82 million in Series B financing to expand its stablecoin-based payment settlement network. This round of financing was led by Paradigm, with participation from ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna and AltaIR Capital.
Mesh aims to build a payment network that connects crypto wallets, exchanges and payment service providers, supporting users to pay with crypto assets such as BTC, ETH, SOL, while merchants can choose to settle with USDC, PYUSD or RLUSD.
Arda, a real estate tokenization company, announced the completion of a $3 million Pre-Seed round of financing, with Lightshift Capital participating. It is reported that Arda will not directly solve real estate pain points such as mortgages, escrow and property inspections, but his company will serve as a foundation - aggregating data and building blockchain infrastructure - to help other companies execute transactions.
Canaan Technology Completes USD 200 Million Series A-1 Preferred Stock Financing
Canaan Inc., a bitcoin mining hardware manufacturer, announced that it has completed a $200 million Series A-1 preferred stock financing. The first installment of the preferred stock financing was completed on March 10, 2025, and the first $100 million has been received. An additional $100 million related to the second installment is expected to be received in the near future, subject to certain terms and conditions. The funds will support Canaans research and development, production expansion, and digital mining infrastructure investment in North America.
Character Voice
Goldman Sachs cuts US economic forecast, sees 20% recession risk
U.S. economic growth forecasts have been slashed amid concerns that President Donald Trump’s trade war will tip the global economy into recession.
Goldman Sachs said the U.S. economy is expected to grow by just 1.7% this year, down from its previous forecast of 2.4%, as Trump has launched massive global tariffs. The downgrade by Goldman Sachs reflects Wall Streets growing concerns about the Trump administration, which sent U.S. stocks tumbling on Monday after Trump refused to rule out a U.S. recession, with the tech-heavy Nasdaq falling as much as 3.9% and the SP 500 falling 1.5%. Goldman Sachs predicts the U.S. now faces a 20% risk of recession, and economists believe Trump will downplay tariffs once the prospect of an economic threat becomes clear.
Bitcoin Magazine CEO David Bailey wrote on X that the implementation of the US Strategic Bitcoin Reserve Executive Order will be far more compact than the market expects and the time period will be days and weeks, not months or years. Bailey said that the US government is keeping up with the pace of technological development and taking urgent action.
