Top News

1.Abu Dhabi's MGX Invests $20 Billion in Binance, Acquires Minority Stake

2.[50x Long Position on Hyperliquid] Margin Calls on Addresses Liquidated with Full Position Closure, Resulting in $3.23 Million Loss

3.Co-Founder of Russia Sanctioned Crypto Exchange Garantex Arrested in India

4.Santiment: Crypto Market Trading Volume Continues to Decline Since February 27, Market Sentiment Turns Cautious

5.Trump's Crypto Project WLFI Sells 99.2% of Newly Added Shares

Articles & Threads

1.《Abu Dhabi's MGX Invests $20 Billion in Binance, Acquires Minority Stake》

On March 12, 2024, Binance announced a $20 billion investment from Abu Dhabi-based investment firm MGX. This is not only a milestone in Binance's development history, but also the largest institutional investment in the crypto industry to date. Against the backdrop of increasing global regulatory pressure and a subdued market sentiment, this investment clearly sends a strong signal to the outside world that Binance is still a coveted target for global capital, especially in the Middle East.

2.《Making $2 Million by Going Long 50x but Getting Exposed, How Did the Hyperliquid "Insider" Manage It?》

What started as a mundane afternoon with typical CPI data took a turn when the HyperLiquid whale known as the "Insider" - who had recently garnered significant attention in the Chinese community - once again single-handedly disrupted a large portion of the Ethereum smart contract market, capturing the full attention of the entire network. According to official data, due to long and liquidation actions by an address starting with 0xf3 (hereinafter referred to as the Insider), the Hyperliquid treasury HLP (Hyperliquidity Provider) temporarily lost over $4 million.

Market Data

Daily market-wide capital heat (as reflected by the funding rate) and token unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks