區塊客

Is the Bitcoin bullish momentum strong? Don't celebrate just yet. The bullish bets on the cryptocurrency exchange Bitfinex have just reached a 28-month high, and the market atmosphere seems optimistic, but historical experience tells us that this indicator has accurately predicted price declines in previous surges.

According to CoinDesk data, the number of 'BTC/USD long positions' on the Bitfinex platform has surged to 79,343, reaching its highest level since November 2023. However, this data has long been a textbook-level 'contrarian indicator' in the crypto space, as extreme bullish sentiment often signals that Bitcoin is about to face a downturn.

Author: Max, Crypto City

According to a report by The Wall Street Journal, the U.S. housing finance system is experiencing a historic turning point. The government-sponsored enterprise (GSE) Federal National Mortgage Association (also known as Fannie Mae), which holds nearly 40% of the U.S. mortgage market, announced that it will for the first time incorporate cryptocurrency into the mortgage assessment process. According to an announcement by Coinbase, the company has partnered with Fannie Mae and the financial technology lending institution Better Home & Finance to officially launch a mortgage product that uses cryptocurrency as collateral for the down payment.

This policy shift allows homebuyers who hold digital assets to bypass the mandatory liquidation of assets process and directly enter the core of the U.S. housing finance system. Previously, Fannie Mae's (selling guidelines) strictly required that any virtual currency must first be converted to U.S. dollars and deposited into a regulated financial institution to be included in credit assessments. Now, this financial barrier has collapsed, and digital assets have officially become a key component of the U.S. housing finance system.

Author: Nancy, PANews

Recently, NVIDIA has been the subject of a class-action lawsuit by investors, accused of concealing over $1 billion in cryptocurrency mining revenue, which has attracted market attention.

This protracted lawsuit has once again drawn the market's attention back to that crazy gold rush years ago. The current AI empire NVIDIA was, at that time, a direct beneficiary of this frenzy.

Accused of hiding over $1 billion in mining revenue, the long-standing class action lawsuit is officially advancing.

A U.S. federal judge has approved a class-action lawsuit against NVIDIA and its CEO Jensen Huang.

According to the plaintiffs, during the period from 2017 to 2018, NVIDIA concealed the extent of its gaming graphics card revenue's dependence on cryptocurrency mining demand.

Author: HIBIKI, Encrypted City

LiteLLM suffers from a supply chain attack, hundreds of GB of data and 500,000 credentials leaked

With daily downloads reaching up to 3.4 million, the AI open-source package LiteLLM is an important bridge for many developers connecting multiple large language models (LLMs). Recently, however, it has become a target for hackers. Kaspersky estimates that this wave of attacks has exposed over 20,000 code repositories to risk, with hackers claiming to have stolen hundreds of GB of confidential data and over 500,000 account credentials, causing serious impacts on global software development and cloud environments.

Author: Ariel, Encrypted City

The first trial verdict of Ko Wen-je's Jinghua City case has been announced.

Former chairman of the People's Party, Ko Wen-je, was involved in the Jinghua City scandal and political donation case. The Taipei District Court today announced the verdict of the first trial. According to reports from (Public Television News Network), Ko Wen-je is involved in 3 cases with 4 charges, combined to serve 17 years in prison and deprived of public rights for 6 years. The entire case can still be appealed.

The first trial verdict results for other defendants are as follows:

Shen Qing-jing, chairman of the Weijing Group, was sentenced to 10 years.

Taipei City Councilor Ying Xiao-wei was sentenced to 15 years and 6 months.

Former Deputy Mayor Peng Zhen-sheng was sentenced to 2 years with 3 years probation.

The US spot Bitcoin ETF experienced the largest outflow of the past three weeks on March 26, with a net capital outflow of over $170 million in a single day. Even Ark Invest, which has always supported cryptocurrencies, significantly reduced its holdings in the Bitcoin ETF it co-issued with 21Shares on the same day, selling nearly 500,000 shares worth about $11.2 million.

According to SoSoValue statistics, the US Bitcoin spot ETF recorded a net outflow of $171.2 million on Thursday, marking the highest single-day loss since March 6. Among them, BlackRock's IBIT had an outflow of $41.9 million, leading the way, while Fidelity, Bitwise, and Ark's funds also saw outflows of over $30 million each.

The meme stock pioneer GameStop (GME) made a significant move earlier this year by transferring $420 million in bitcoins, which once triggered market panic, leading investors to speculate whether GameStop had sold off for cash. With the latest financial report released, the truth is finally revealed: GameStop not only did not sell its coins, but instead put idle bitcoins to 'collect rent' by selling call options to earn premiums (rent).

According to GameStop's annual financial report submitted on Tuesday, out of the 4,710 bitcoins held by the company, as many as 4,709 have been pledged to Coinbase as collateral to utilize the 'Covered Call' strategy to generate cash flow. This is a conservative options strategy that allows investors to sell call options while holding the underlying asset, thus earning premium income, similar to the concept of 'collecting rent.' Therefore, during market consolidation or downturns, it can provide more stable returns compared to other assets.

On-chain data shows that an early investor who participated in the Ethereum Initial Coin Offering (ICO) reemerged today (27th) and sold over $23 million worth of Ether, becoming a representation of the latest wave of long-term holders realizing profits.

According to Lookonchain tracking, the wallet identified as an Ethereum ICO participant, "0xd64A…7ED7", earlier today transferred 18,500 Ether (approximately $38.1 million) to another address, which subsequently sold 11,552 Ether through multiple transactions at an average price of about $2,027, totaling around $23.4 million in cashing out.

The Financial Times of the UK reported on Thursday, citing informed sources, that Tether, the world's largest stablecoin issuer, has commissioned KPMG, one of the Big Four accounting firms, to conduct a comprehensive financial audit of its USDT, which has a market value of $185 billion.

At the same time, Tether also hired another Big Four accounting firm, PwC, to assist in organizing and optimizing the company's internal systems and financial processes in preparation for the upcoming audit. This is seen as Tether's most substantial and groundbreaking step towards 'financial transparency' since its establishment.

Tether's CFO, Simon McWilliams, stated earlier this week that the company has 'long been operating in accordance with the audit standards of the Big Four accounting firms' and promised that 'the final audit report will definitely be delivered to the public on time.'

As major crypto companies compete to ring the bell for their IPOs, the cryptocurrency exchange OKX has chosen to slow down. Despite actively expanding its global footprint and aggressively entering the tokenized finance sector, OKX has made it clear: there is currently no urgency to go public in the United States.

OKX Global Partner and Chief Marketing Officer Haider Rafique pointed out at the Digital Asset Summit held in New York: "We will only consider going public when we are confident that we can create long-term value for shareholders. If we do not have this assurance, we have no interest in entering the public market."

Recently, OKX just secured a strategic investment from the parent company of the New York Stock Exchange (NYSE) — Intercontinental Exchange (ICE), which values OKX at 25 billion USD. However, Haider Rafique revealed that the company deliberately adopted a conservative pricing strategy in this round of financing:

The US-listed mining company MARA Holdings announced on Thursday that it has sold 15,133 bitcoins from March 4 to March 25, cashing in about $1.1 billion, and will use the proceeds to repurchase zero-coupon convertible bonds maturing in 2030 and 2031, to reduce debt and strengthen financial flexibility.

According to an official statement, MARA modified its digital asset management strategy on March 3 to allow the company to sell bitcoins held on its balance sheet, whereas the previous policy only allowed the sale of newly mined bitcoins. At the time of the policy adjustment, MARA held 53,822 bitcoins, of which 28% had been used for financial operations such as lending and collateral.

As the flames of war rage in the Middle East, the global safe-haven landscape is already being reshaped. JPMorgan Chase stated that during the geopolitical conflict in Iran, Bitcoin, known as "digital gold," has experienced a significant influx of funds and increased trading activity, demonstrating a much stronger resilience against declines compared to gold and silver; in contrast, precious metals are facing large-scale capital flight and severe liquidation of long positions.

Why have traditional "safe-haven assets" failed during this crisis? A report released on Wednesday by the analysis team at JPMorgan Chase, led by Nikolaos Panigirtzoglou, pointed out that gold prices have fallen by about 15% this month, primarily due to the rising interest rate environment and a strong dollar, which has put pressure on the previously overcrowded positions.

Author: Fenrir, CryptoCity

To eliminate irregularities related to brokerage services, the Financial Supervisory Commission (FSC) plans to strengthen oversight by authorizing a subsidiary law under the Financial Protection Law.

As cryptocurrency investment continues to heat up in Taiwan, a large number of KOLs (Key Opinion Leaders) claiming to be "crypto gurus" have emerged, forming trading groups on social media platforms to provide instruction, trading signals, or investment advice. This kind of "leading in and out" behavior involves influencing market prices and misleading investors, drawing serious attention from regulatory authorities.

Image source: Legislative Yuan | Kuomintang legislator Lee Yen-hsiu demands that the Financial Supervisory Commission (FSC) clarify its oversight of the chaotic cryptocurrency trading practices involving unauthorized trading.

Author: Gilmo

Translated by: Yuliya, PANews

Why have many tokens listed on Binance failed?

Recently, while browsing X or cryptocurrency communities, you may have encountered the phenomenon of 'listing on exchanges leads to liquidation.' The days when being listed on Binance meant 'skyrocketing' seem to be a thing of the past. Instead, a 'listing curse' has circulated in the community, with many investors watching their account funds evaporate daily, heartbroken.

So, what exactly happened behind the scenes?

1. Overview

The year 2025 revealed a harsh reality. Most tokens listed on Binance struggled to maintain their value.

Author: Fenrir, Crypto City

The release of the CLARITY Act draft imposes limitations on stablecoin yield mechanisms.

Stablecoin issuer Circle (NYSE: CRCL) has recently seen a significant drop in its stock price, with a nearly 20% decline in a single day, attracting high market attention. The main reason for this drop stems from the latest draft of the CLARITY Act released by the U.S. Congress, which the market interprets as potentially imposing stricter restrictions on stablecoin yield mechanisms.

Source: Google Finance ｜ Circle (NYSE: CRCL) has recently seen a significant drop in its stock price, with a nearly 20% decline in a single day.

According to former Fox Business Channel reporter and U.S. cryptocurrency show host Eleanor Terrett, regulators plan to prohibit any form of passive income related to 'holding stablecoin balances' and restrict all designs that are economically or functionally equivalent to bank deposit interest. In other words, whether direct yields or rewards indirectly distributed through platforms, they may all fall under regulatory scope.

Futu Holdings today (26) announced the official launch of its wholly-owned self-built virtual asset trading platform – the 'Panther Trade' exchange. In the near future, it will be fully connected with Futu Securities, a retail brokerage under the group in Hong Kong, providing trading matching, asset custody, and technical solutions for virtual assets.

The official statement pointed out that the Panther Trade exchange is Hong Kong's first virtual asset trading platform incubated by a brokerage firm and operated with a license in compliance, deeply integrated into the Futu ecosystem. This marks a key step in the group's Web3 strategic layout, aiming to build the first comprehensive financial service platform in Hong Kong and Asia that operates both 'securities brokerage + virtual asset exchange' with a license.

The Bhutanese government has recently been frequently selling off Bitcoin, cashing out over 150 million USD this year, with its holdings reduced from a peak of 13,000 coins to less than 4,500 coins. It now appears that the Bhutanese government's earlier promise to allocate 10,000 Bitcoins to build a 'Mindfulness City' seems to be facing a crisis of default.

On-chain data from Arkham Intelligence shows that the Bhutanese government transferred 519.7 Bitcoins (worth approximately 36.75 million USD) to an external address on Wednesday. Over the past two weeks, Bhutan's selling pressure has intensified, with 72 million USD worth of Bitcoin transferred just last week, a small portion of which flowed into the deposit address of Singapore cryptocurrency trading firm QCP Capital.

Bloomberg senior ETF analyst Eric Balchunas said on Wednesday that Wall Street financial giant Morgan Stanley's 'Bitcoin Spot ETF' is in the final countdown to its official listing, which could happen at any moment in the coming days.

Eric Balchunas posted on social media platform X, pointing out that the New York Stock Exchange (NYSE) has officially announced the listing information for this fund. According to Wall Street practices, this is usually a precursor to 'the fund is about to be issued.'

Morgan Stanley submitted its ETF listing application as early as January this year. Less than a week ago, the company submitted a revised S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), mentioning that this fund named 'Morgan Stanley Bitcoin Trust' will be listed on the NYSE Arca electronic trading platform, with the trading symbol 'MSBT.'

Bitmine Immersion Technologies, led by Wall Street renowned analyst Tom Lee, announced on Wednesday the official launch of the institutional-grade Ethereum staking platform 'MAVAN,' aiming to earn staking rewards using approximately 4.66 million Ether held by the company.

MAVAN stands for 'Made in America Validator Network.' This platform was initially built for Bitmine's own staking needs and is now ready to be opened to external clients, including institutional investors, digital asset custodians, and cryptocurrency exchanges. For U.S. customers, MAVAN will provide localized and compliant validation infrastructure; for overseas markets, a globally distributed node architecture has been established to meet the needs of international clients.

Bought new coins but suffered a crash? To protect the wallets of large investors, the world's largest cryptocurrency exchange, Binance, recently published a 'Market Maker Risk Warning', clearly listing the trading behaviors that market makers may involve 'market manipulation' or 'conflicts of interest', while reminding project parties to carefully select market makers, and users should also pay attention to potential unnatural trading behaviors when trading.

The main function of a 'Market Maker' is to simultaneously place buy and sell orders in the market, maintaining market liquidity by providing two-way quotes. Binance pointed out in its statement that under normal operations, market makers can 'narrow the bid-ask spread, deepen liquidity, and reduce slippage.' In addition, market makers often participate in token issuance or early listing stages, providing liquidity and reducing price volatility in the initial trading.