US Treasury believes Tornado Cash case does not require final judgment
according to Cointelegraph, the U.S. Department of the Treasury stated that the legal challenge brought against Tornado Cash should be considered "undisputed" due to its removal from the sanctions list on March 21. The U.S. Department of the Treasury stated in a declaration: "Because this court, like all federal courts, has a continuing obligation to ensure its jurisdiction over cases under Article III of the Constitution, it is necessary to debate the 'undisputed' issue." However, Coinbase's Chief Legal Officer Paul Grewal believes that the Treasury's desire to declare the case undisputed before a formal judgment is not in accordance with proper legal procedure. He stated: "After reluctantly removing Tornado Cash from the list, they now claim that there is no need for a final court judgment. But this is not a legal requirement, they know it themselves." Grewal pointed out: "According to the 'voluntary cessation exception,' a defendant's decision to cease the challenged conduct can only make the case undisputed if the defendant can prove that the conduct 'is not reasonably expected to recur.' " He also cited a 2024 Supreme Court ruling, which found that removing U.S. citizen Yonas Fikre from the no-fly list did not render his legal challenge moot, as the ban could be reinstated in the future. "Here, the Treasury also removed the Tornado Cash entity from the specially designated nationals list, but provided no assurance that it would not be listed again. This is not enough, we will make this clear to the district court," Grewal added. In August 2022, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash, accusing the protocol of assisting the North Korean hacker group Lazarus Group in money laundering. Subsequently, several Tornado Cash users filed lawsuits against the regulatory agencies. After a favorable ruling for Tornado Cash by the court, the U.S. Department of the Treasury removed the mixing service from the sanctions list on March 21 and deleted dozens of smart contract addresses related to Tornado from the Specially Designated Nationals (SDN) list.
2025-03-24 14:08:31
Cathie Wood: ARK Invest recently bucked the trend and bought crypto-related assets
On March 24th, ARK Invest founder Cathie Wood stated that the United States has entered a rolling recession (rotating recession in different industries). Cathie Wood is pessimistic about the short-term outlook for the U.S. economy, but expects the Federal Reserve and the Trump administration to take action soon. Cathie Wood pointed out that Trump's heavy tariffs and wave of layoffs are forcing American families to tighten their wallets, the fear of unemployment is causing the savings rate to soar, and the consumption engine is suddenly stalling. She revealed that Ark Investment has recently bottomed out Tesla, Coinbase, and Robinhood, among other cryptocurrency-related assets, believing that "technological disruption will bring benign deflation."
2025-03-24 14:08:29
Solana on-chain AI concept coin rebounds, BUZZ rises more than 36% in 24 hours
On March 24th, according to GMGN market data, Solana's on-chain AI concept coins rebounded, among which: Fartcoin's market value is now $575 million, with a 24-hour increase of 26.92%; ALCH's market value is now $58.2 million, with a 24-hour increase of 12.57%; GRIFFAIN's market value is now $50.1 million, with a 24-hour increase of 16.51%; BUZZ's market value is now $13.6 million, with a 24-hour increase of 36.12%.
2025-03-24 14:08:29
Ethereum spot ETF had a net outflow of $103 million last week, with BlackRock ETHA leading the outflow
on March 24th, according to SoSoValue data, the overall net outflow of Ethereum spot ETFs last week was $103 million. Among them, the net outflow of Belld ETHA was $74 million, ranking first, and the net outflow of Grayscale Mini Trust ETF ETH was $23.67 million. The only net inflow was Grayscale ETHE, with an inflow of $2.87 million. The current net asset value of Ethereum spot ETFs is $6.77 billion, accounting for 2.84% of the total market value of ETH. Historical cumulative net inflow of $2.42 billion.
2025-03-24 14:08:27
Galaxy Digital withdraws 10,000 ETH from Binance, about 20.42 million US dollars
March 24th news, according to The Data Nerd monitoring, 3 hours ago, Galaxy Digital withdrew 10,000 ETH from Binance, about $20.42 million.
2025-03-24 14:08:25
Data: Circle minted 250 million new USDC on Solana
according to Onchain Lens monitoring, Circle has added 2.5 billion USDC to Solana. As of now, Circle has cumulatively minted 10.75 billion USDC on Solana by 2025.
2025-03-24 11:03:06
The SHELL repurchase address has withdrawn another 1 million tokens from Binance, and the repurchase progress has reached 81.2%
On March 24th, according to on-chain data analyst @ai_9684xtpa, the SHELL buyback address has once again withdrawn 1 million tokens from Binance, bringing the total buyback token amount to 21.95 million, with progress updated to 81.2%. Since the first day of the buyback on March 14th, SHELL has risen by a total of 4.56%.
2025-03-24 11:03:04
A private miner successfully mined block 888989 using an Umbrel self-hosted node
On March 24th, according to Public Pool and Umbrel, at 08:30 on March 23rd Beijing time, an individual miner successfully mined the first Bitcoin block (888989) using a self-hosted Umbrel node and Bitaxe miner, through the Public Pool protocol, with a block reward of 3.15188086 BTC.
2025-03-24 11:03:03
BTC options with a notional value of $11.9 billion will be settled on Friday, with the biggest pain point at $85,000
On March 24th, according to data released by Deribit official, this Friday (28th) at 4 pm will see the BTC March options expiration, with a total of $11.88 billion in open interest expiring. The current put/call ratio is 0.48, with the biggest pain point at $85,000 (current price $85,671).
2025-03-24 11:03:01
Data: In the past 24 hours, the entire network has liquidated $147 million, and short positions have liquidated $90.85 million
according to Coinglass data, the total liquidation in the past 24 hours was $147 million, with long positions liquidated at $55.66 million and short positions liquidated at $90.85 million. Among them, Bitcoin liquidated $47.32 million, and Ethereum liquidated $18.5 million.
2025-03-24 11:03:00
A certain whale address lost $197,000 last night after Trump called TRUMP
On March 24th, according to on-chain data analyst @ai_9684xtpa monitoring, the whale address cGxeY...4B3Hz bought 4,014,20 TRUMP coins after Trump's "shoutout" of TRUMP three minutes after last night, holding 4,995,000 USDC coins. After holding for an hour, he cleared the position and suffered a loss of $197,000.
2025-03-24 11:02:59
The U.S. Secretary of Commerce revealed that 1,000 gold cards have been pre-sold and the application system will be launched in about two weeks
On March 24th, U.S. Commerce Secretary Lutnick claimed to have raised $5 billion by selling 1000 gold cards at a price of $5 million each, although there is currently no formal application system in place. "Yesterday I sold 1000," Lutnick said on a podcast discussing the designed immigration plan. The proposed gold card by the Trump administration would grant wealthy foreign investors permanent residency in the U.S. without the requirement of creating job opportunities as required by the current EB-5 program. In the podcast, Lutnick explained that Musk is "developing software" for the application process, with plans to launch in approximately two weeks. This ongoing development indicates that the reported card sales may represent a principle agreement rather than completed transactions. Trump had previously estimated that selling 1 million gold cards could generate $5 trillion in revenue. The timetable for officially opening applications has not yet been determined, and the plan may require congressional approval to be implemented.
2025-03-24 11:02:59
CSOP launches leveraged and inverse products for US stocks, plans to invest in 5 US stocks including Coinbase and Strategy
asset management company Southern Dongying announced the launch of 9 leveraged and inverse products of US stocks (L&I Products), allowing investors to trade US stocks during the Asian session. It is reported that the new products will be first listed on Monday (24th), investing in 5 US stock stocks, including Berkshire Hathaway, Tesla, Nvidia, Coinbase, and Strategy (formerly MicroStrategy), using a derivative-based synthetic simulation strategy with 2x leverage and offering both Hong Kong dollar and US dollar counters, with a minimum trading unit of 10 units, an entry fee of about 780 yuan, and an expected tracking error of about 0.06%.
2025-03-24 11:02:58
Ethereum's worst performance in history in Q1 2025, with negative returns for three consecutive months
On March 24th, according to Coinglass data, Ethereum experienced its worst start in recent years in the first quarter of 2025, with negative returns for three consecutive months:
2025-03-24 11:02:57
BTC breaks through $85,000
the market shows that BTC has broken through $85,000 and is now trading at $85,014.27, with a 24-hour increase of 0.83%. The market is volatile, so please be prepared for risk control.
2025-03-24 10:02:50
Robert Kennedy: The Federal Reserve is actually squeezing wealth and rights from the American middle class
Robert Kennedy Jr. (RFK Jr) commented on the Federal Reserve: "It represents a few Wall Street banks operating, its function is like a pump. It is actually extracting wealth and rights from the American middle class."
2025-03-24 10:02:49
WLFI bought $3 million worth of MNT 15 minutes ago
according to Ember's monitoring, the DeFi project WLFI supported by the Trump family increased its investment in Mantle (MNT) 15 minutes ago, spending $3 million to purchase approximately 3.539 million MNT tokens at a purchase price of $0.84.
2025-03-24 10:02:47
A whale address withdrew 14,200 ETH from Aave 5 hours ago and transferred it to Binance, suspected of selling
according to on-chain data analyst @ai_9684xtpa monitoring, address 0xcD4...364D6 withdrew 14202 ETH (approximately $28.35 million) from Aave 5 hours ago, and then recharged all into Binance, suspected to be sold.
2025-03-24 10:02:46
Data: Metaplanet purchased another 150 bitcoins, bringing its total holdings to 3,350 bitcoins
according to Metaplanet's announcement, as part of its Bitcoin treasury strategy, the company has once again purchased 150 bitcoins at an average price of 12,570,173 yen per bitcoin, totaling approximately 1.886 billion yen. As of now, the company holds a total of 3,350 bitcoins, with a cumulative purchase total of approximately 42.216 billion yen.
2025-03-24 10:02:44
Astherus: TGE is being prepared but tokens have not yet been issued, reminding the community to remain vigilant
Astherus stated in a post on X platform that it has not yet issued tokens at this stage, but is preparing for the Token Generation Event (TGE). More details will be announced soon, reminding the community to remain vigilant against fraud. It is reported that Astherus, a multi-asset liquidity center, is the seventh season incubation project of Binance Labs (now renamed YZi Labs) and has received investment from Binance Labs.
2025-03-24 08:32:58