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Ethereum (ETH) rebounded above $2,200, gaining over 6% in 24 hours. Key indicators suggest a potential shift in momentum, with $3,000 in sight if bullish pressure continues.
Quick Take Argentine federal prosecutor Eduardo Taiano is seeking to freeze assets exceeding $110 million linked to the Libra memecoin scandal The scandal has drawn attention due to its alleged connection to President Javier Milei.
Quick Take RedStone has launched the RED token on Ethereum, with 10% of its total 1 billion supply allocated to the community through claim activities. Stakers will initially earn rewards in RED, with future potential for other assets like ETH, BTC, SOL and USDC, RedStone co-founder and COO Marcin Kazmierczak told The Block.
Quick Take Although early details are scant, Sui Foundation said it plans to collaborate with the World Liberty Financial crypto project, backed by U.S. President Donald Trump. Besides exploring “product” opportunities, Sui also said World Liberty Financial will “include Sui assets in … its strategic token reserve.”
Quick Take Bitwise, the cryptocurrency index fund manager, has made its first DeFi allocation via onchain credit protocol Maple Finance, the company announced on Thursday.
Quick Take A senior Russian official stated that sanctions won’t fully prevent Russians from using the cryptocurrency market. The EU recently imposed sanctions on Russian crypto exchange Garantex, which has already been under U.S. sanctions since 2022.
- 04:22Overview of Important Developments on March 10th Noon1. The market expects the Federal Reserve to resume interest rate cuts as early as June; 2. The Utah Senate passed a Bitcoin bill but removed the Bitcoin reserve clause; 3. Bitmain announced the completion of testing for the latest SEAL03 Bitcoin mining chip; 4. The WLFI portfolio has currently lost $110 million, with ETH accounting for 65% of the entire portfolio; 5. The yield on the 10-year U.S. Treasury fell 6 basis points to 4.257%; 6. Arthur Hayes: Bitcoin will test the $78,000 support, and if it breaks, the next test point is $75,000.
- 04:17A certain address deposited 1.14 million USDC into Hyperliquid, using a 20x leverage to go long on BitcoinAccording to Lookonchain monitoring, during the Bitcoin price drop, some whales chose to buy against the trend and go long on BTC. The address 0x9b28...7cA1 deposited 1.14 million USDC into Hyperliquid to leverage Bitcoin by 20 times. Meanwhile, another address 0x8Bff...CDC3 invested $4 million and set up 100 limit orders to go long on Bitcoin in the price range of $76,000 to $79,000.
- 03:51Andre Cronje has created a new project, Flyingtulip, positioned as a high-leverage contract trading protocolNews on March 10th, Sonic (formerly Fantom) co-founder Andre Cronje (AC) has added the tag "flyingtulip founder" to his personal X profile. According to the official website of the project, flyingtulip is positioned as a new generation of intelligent trading protocol that can support more than 50 times leverage trading. The protocol uses adaptive curve technology, which can automatically adjust between constant product and constant sum curves according to real-time market volatility, providing traders with better execution prices while bringing optimal returns for liquidity providers.