Cointime

CZ: The block explorer should filter out spam transactions to reduce the risk of address poisoning. On March 14, regarding the recent increase in Ethereum address poisoning attacks, CZ stated that block explorers should directly filter such spam transactions instead of displaying them to users. He pointed out that these types of transactions can be easily filtered out technically, and the wallet application Trust Wallet has already implemented similar functionality. CZ also mentioned that while filtering spam transactions may have some impact on future micro-payment transactions between AI agents, AI technology can also be used to identify and filter spam transactions at that time. Previously, the block explorer Etherscan warned that address poisoning attacks on Ethereum are becoming more automated and widespread, with attackers misleading users into misdirecting funds by forging similar addresses.

The Polkadot upgrade issuance model sets the maximum supply of DOT at 2.1 billion
On March 14, Polkadot announced on the X platform that its token issuance model upgrade officially took effect on March 14 (Pi Day). This protocol update will introduce several key adjustments, including setting the maximum supply of the native token DOT at 2.1 billion, with about 80% of the tokens already issued. Meanwhile, the issuance rate of DOT will be reduced by approximately 53% in a one-time adjustment on March 14, with plans to continue gradually lowering it in the future. It is reported that the above adjustments were proposed by the community and approved through the OpenGov governance mechanism, aiming to maintain the network's incentive mechanism while limiting long-term issuance scale and providing a more transparent and predictable token issuance path for the market.

A newly created wallet is going long on crude oil with 1x leverage, currently with a floating profit of over 1.18 million USD.
On March 14, according to Onchain Lens monitoring, as oil prices rise again, a wallet created 3 days ago is going long on $CL (crude oil) with 1x leverage, and has now achieved a floating profit of over 1.18 million USD.

Kraken-related SPAC seeks potential merger targets, with the target company's actual valuation likely approaching $2 billion
On March 14, cryptocurrency exchange Kraken's associated special purpose acquisition company (SPAC) KRAKacquisition Corp. announced that it has begun searching for potential merger targets, with a maximum valuation of the target company possibly reaching $10 billion. Its goal is to integrate a mid-cap company with this cryptocurrency exchange. At the time of seeking the acquisition, Kraken is also considering its own IPO.

Market news: Iran warns that an attack on Kharg Island will be a red line
March 14, according to the Wall Street Journal: Iran warns that an attack on Kharg Island will be a red line. (Golden Ten)

BlackRock Digital Assets Chief: The Vast Majority of Bitcoin ETF Holders Are Long-Term Investors Focused on Fundamentals
The Block's Project Director Frank Chaparro stated on social media that the Chief of BlackRock Digital Assets indicated that the vast majority of Bitcoin ETF holders are long-term investors who focus on fundamentals. About 90% of Bitcoin holders are in a continuous accumulation phase, and since the beginning of this year, the inflow of BlackRock's IBIT Bitcoin ETF has been slightly positive.

Grayscale staked 57,600 ETH through Coinbase this morning, worth approximately $121.62 million
On March 14, according to Onchain Lens monitoring, over the past 4 hours, the Grayscale address staked 57,600 ETH through Coinbase, worth approximately $121.62 million.

The U.S. Department of Justice will appeal the ruling in the Powell case, possibly delaying the appointment of Walsh
On March 14, after a judge dismissed a subpoena issued to the Federal Reserve, U.S. Attorney Piro vowed to continue the investigation into Federal Reserve Chairman Powell, which could delay the appointment of Powell's successor, Kevin Walsh, whose term ends in May. U.S. District Judge James Boasberg stated that the government failed to provide any evidence to justify the validity of its subpoenas, which were related to renovations at the Federal Reserve headquarters and Powell's comments on the project. Piro stated: "This process has been arbitrarily disrupted by a radical judge. The procedure should have proceeded step by step, but it didn’t. They are truly shameful." U.S. Senate Banking Committee member Tillis warned that as long as the Department of Justice's investigation into Powell remains open, he will block any nomination for Federal Reserve Chairman. "This ruling confirms how weak and baseless the criminal investigation into Chairman Powell is; it is merely a failed attack on the independence of the Federal Reserve," said Tillis. "The appeal will only delay Kevin Walsh's confirmation as the next Federal Reserve Chairman."

Hyperliquid Whales (0x1ee7) long BTC with 20x leverage, entry price $71,849.6
According to CoinGlass data, Hyperliquid Whales (0x1ee7) long BTC with 20x leverage, entry price $71,849.6, position value $2.87 million.

Analyst: Bitcoin returns above $70,000, Binance funding rate continues to show negative indicating a general bearish sentiment in the market
On March 13, CryptoQuant analyst Darkfost stated that when BTC stabilizes above $70,000, the market's distrust is intensifying. Currently, very few investors truly believe that BTC will experience a sustained bullish rebound. The geopolitical and macroeconomic environment remains unfavorable, especially with the ongoing tensions surrounding global oil trade. In such an environment, risk assets like Bitcoin typically struggle to perform strongly. Therefore, despite BTC having regained the $70,000 mark, many market participants still maintain a bearish inclination. This sentiment is particularly evident in the derivatives market, especially reflected in Binance's funding rate. Since early March, every price rebound seems to have been viewed by traders as an opportunity to short BTC. This has led to Binance's funding rate being in negative territory for about a week. Some records even reached extreme levels. For instance, on March 10 and 11, Binance's funding rate briefly fell below -0.006, representing significant deep negative values. In practical terms, this indicates that the vast majority of current open positions in the market are leaning toward shorts, and investors generally hold a skeptical view on the possibility of a genuine recovery for Bitcoin. Historical experience shows that when funding rates reach extreme levels or the market forms strong consensus expectations, it often means that it is too late to position in that direction. If BTC can continue to rebound and trigger the market's 'distrust rally' phase, bearish positions might actually become a driving force for the rise. As prices climb further, forced liquidations of shorts could potentially provide additional momentum for the market.

The total deposits of syrupUSDC and syrupUSDT have surpassed 2.5 billion US dollars.
On March 13, the crypto lending platform Maple tweeted that the total deposits of syrupUSDC and syrupUSDT have exceeded 2.5 billion US dollars.

The risk of war is escalating, and the panic index for U.S. bonds has surged to a 9-month high.
On March 13, driven by concerns about inflation raised by the Iran conflict and disrupting traders' expectations for the Federal Reserve's policy path, the volatility of U.S. Treasury bonds rose to a 9-month high. The ICE Bank of America MOVE Index, known as the "panic indicator" in the bond market, climbed to its highest level since June of last year. High oil prices are exacerbating inflation fears, eroding the real returns on U.S. bonds, and weakening their safe-haven appeal.

A certain foreign bank responded to the application for a stablecoin license in Hong Kong and is still waiting for official news from the regulators.
On March 13, according to Caixin, there have been recent reports that the first batch of stablecoin licenses in Hong Kong will be obtained by HSBC, Standard Chartered and local virtual asset trading platform OSL. Currently, inquiries have been made through the channels of HSBC and Standard Chartered's subsidiaries in China for verification, but no positive response has been given so far. However, an insider from one of the foreign banks revealed: "We are still waiting for official news from the regulators."

BTC broke below 71000 USD
The market shows that BTC broke below 71000 USD, currently reported at 70988.1 USD, with a 24-hour increase of 2.29%. The market is highly volatile, please ensure proper risk control.

Viewpoint: Due to slippage, the party involved in the loss of $50 million may be Garrett Jin, the operator of the '1011 insider address'. On March 13, according to Lookonchain analysis, the party involved in the slippage loss of $50 million may be Garrett Jin, the operator of the '1011 insider address'. On-chain tracking shows that 13 wallet addresses associated with him withdrew USDC or USDT from Binance on February 16 and February 20, and have recently become active again, transferring funds to two new wallets. One of the wallets shares the same Binance deposit address as Garrett Jin. Lookonchain indicates that Garrett Jin previously sold 261,024 ETH (approximately $543 million) and 11,318 BTC (approximately $761 million) on February 15 and February 20, with the withdrawal times from Binance being close to those dates.

Bitmine is suspected to have bought 30,000 ETH again, approximately 61.89 million USD
Cointime news, on March 13, according to monitoring by Lookonchain, Bitmine is suspected of buying 30,000 ETH (61.89 million USD) again through FalconX.

A certain whale has accumulated a total of 73744.98 ETH over the past 3 days. According to Cointime news, on March 13, on-chain analyst @ai_9684xtpa monitored that the whale, which has accumulated 63324.36 ETH since March 11, withdrew 10421 ETH from Kraken 9 hours ago, valued at 21.59 million USD; currently, the total value of their accumulated ETH is 152 million USD, with an average withdrawal price of 2072.2 USD, resulting in a floating profit of 4.04 million USD.

Zhou Hongyi: "Lobster" is not a virus and should be given sufficient freedom and permissions
Cointime reported that on March 12, Zhou Hongyi, the founder of 360, stated at the Lobster Security Media Exchange Conference that "Lobster" is not a virus and should be given sufficient freedom and permissions to fully unleash its creativity; if permissions are overly restricted, the capabilities of "Lobster" will be greatly diminished.

Sky issued USDS with an additional deposit of 1.5 billion USD this month, with an outstanding balance exceeding 11.2 billion USD.
Cointime reports that on March 12, Sky issued USDS with an additional deposit of 1.5 billion USD this month, with an outstanding balance exceeding 11.2 billion USD. During this period, it quietly surpassed the historical deposit peak of 10.3 billion USD set in 2022.

Informed sources: The Pentagon estimates that the cost of operations in the six days before the war with Iran exceeded $11.3 billion
According to Cointime news on March 12, an informed source revealed to The Hill on Wednesday that Pentagon officials told lawmakers in a briefing on Tuesday that the cost of operations in the first six days before the war with Iran exceeded $11.3 billion. According to estimates from the Center for Strategic and International Studies, a think tank focused on national security, the first 100 hours of 'Operation Epic Fury' cost about $3.7 billion, or approximately $891.4 million per day.
According to a previous report by The Hill, estimates submitted by Pentagon officials to lawmakers on Monday indicated that the Pentagon consumed approximately $5.6 billion worth of ammunition in the first two days of the conflict with Iran.