dYdX community approves $1.5 million token distribution proposal
according to the dYd Foundation, the community has passed a proposal to allocate 1.5 million dollars worth of DYDX tokens from the dYdX chain community treasury as part of the 10th season incentive program, rewarding eligible users.
2025-03-31 16:02:22
South Korean court sentences three cryptocurrency scammers to prison for $416,000
according to Cryptopolitan, three cryptocurrency investment scammers were sentenced to prison by the Busan District Court for violating the "Specific Economic Crime Aggravated Punishment Act". The main offender was sentenced to four and a half years in prison, while the two accomplices were sentenced to three and a half years and two and a half years respectively.
2025-03-31 15:02:54
Australia issues ‘warning’ to cryptocurrency ATM providers over money laundering concerns
Australian financial crime watchdog has issued a "warning" to cryptocurrency ATM operators, warning that many such machines may be helping criminals launder money or defraud victims.
2025-03-31 15:02:53
Orderly: Will be upgraded in 24 hours, estimated downtime is about 3 hours and 30 minutes
On March 31st, Web3 liquidity provider Orderly Network announced on X platform that Orderly is about to launch an important new product, which will undergo a planned upgrade starting 24 hours later (April 1st). The expected downtime is approximately 3 hours and 30 minutes.
2025-03-31 15:02:51
OKX will launch GUN perpetual contract
OKX will launch GUN perpetual contract
2025-03-31 15:02:50
Australian regulator warns of money laundering and fraud risks at cryptocurrency ATMs
according to Decrypt, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has issued a warning to cryptocurrency ATM operators, stating that these devices may be used for money laundering and fraudulent activities. AUSTRAC CEO Brendan Thomas stated the need for cryptocurrency ATM operators to establish robust risk prevention mechanisms.
2025-03-31 15:02:48
Thailand's SEC files lawsuit against OKX for alleged regulatory violations
On March 31st, the Securities and Exchange Commission (SEC) of Thailand officially filed a lawsuit against the cryptocurrency exchange OKX, alleging that it violated Thailand's digital asset regulatory requirements. This highlights the ongoing efforts of regulatory agencies to ensure compliance in Thailand's rapidly growing digital asset market. The complaint from the Securities and Exchange Commission of Thailand emphasizes several alleged violations by OKX, including operating without a license, failing to provide adequate investor protection, and not complying with regulatory reporting requirements.
2025-03-31 15:02:47
Gnome Labs deposited 10,850 BNB to Bybit 2 hours ago, equivalent to $6.51 million
according to The Data Nerd, 2 hours ago, Gnome Labs deposited 10,850 BNB (approximately $6.51 million) into Bybit (first time depositing BNB into Bybit). Within a month, they have deposited a total of 76.37 million USDC into Binance and Bybit.
2025-03-31 14:06:25
DeepSeek monthly visits exceed ChatGPT
according to the AI analysis platform aitools.xyz, DeepSeek has become the fastest growing AI tool globally, with its monthly new website visits surpassing OpenAI's ChatGPT. The report states that DeepSeek reached 525 million visits in February 2025, exceeding ChatGPT's 500 million. Currently, DeepSeek has a market share of 6.58%, second only to ChatGPT and Canva, which account for 43.16% and 8.27% respectively.
2025-03-31 14:06:23
Analysis: Luna 2.0 and low-liquidity assets may not be eligible for Terraform Labs claims
Terraform Labs has announced that it plans to open a cryptocurrency loss claim portal on March 31, 2025. The deadline for submitting claims is April 30, 2025, and claims submitted after this date will forfeit the right to recover losses. The portal website prioritizes API keys for faster verification; manual evidence may cause delays. However, it is reported that Luna 2.0 and low liquidity assets (with a $100 threshold) will not be eligible for claims.
2025-03-31 14:06:22
Viewpoint: "Tariff Day" is here, risk assets may see a short-term rebound
Matt Weller, StoneX's global market research director, emphasized in the latest report that "market aversion to uncertainty" is an ancient adage on Wall Street. The ambiguity of the tariff statement has undoubtedly dealt a heavy blow to risk appetite. "Once the shoe drops, risk assets and the dollar may see a brief rebound." However, he warned that if Trump continues to escalate tariffs after April 2, "any rebound in risk assets will be short-lived unless traders are convinced that these disruptive economic policies have come to a complete end."
2025-03-31 14:06:20
Survey: UK authorities have frozen nearly $7.7 million in illegal crypto assets in one year
On March 31st, MailOnline's investigation showed that since April 2024, British authorities have frozen around $7.7 million (£6 million) worth of illegal crypto assets. Last year, the UK revised its regulations, granting special powers to the National Crime Agency (NCA) and the police to freeze, seize, and destroy crypto currencies related to crime and criminals. These powers allow the police to freeze crypto wallets for up to three years. Officials can also seize these assets if the court believes the funds are from illegal sources or will be used for criminal purposes. This special power also allows law enforcement agencies to seize any crypto wallets suspected of being linked to criminal organizations without the need for arrest. Authorities are also empowered to destroy these assets if they believe that putting the seized crypto assets back into circulation "is not in the public interest." This may include privacy coins commonly used by criminals to conceal the source of funds. According to court documents analyzed by MailOnline, the largest freeze order was issued against a wallet hosted on Coinbase. The wallet contained tokens worth $1.94 million (£1.5 million). The freeze order was issued by the Tyne River Newcastle Magistrates' Court on March 18th. The fact that the application for the court order was made by Her Majesty's Revenue and Customs (HMRC) indicates that the case may be related to tax evasion. The identity of the wallet owner remains a mystery.
2025-03-31 14:06:19
Nikkei: Japan's Financial Services Agency plans to propose formal classification of crypto assets as financial products
Nikkei News reported on Sunday that the Japanese Financial Services Agency plans to propose officially classifying crypto assets as financial products, as part of new regulations on insider trading of cryptocurrencies. It is reported that the Japanese Financial Services Agency plans to submit an amendment to the Financial Instruments and Exchange Act to the Diet as early as 2026, following a closed-door expert analysis of the existing legal framework. Currently, Japan classifies cryptocurrencies as a means of settlement under the Payment Services Act.
2025-03-31 14:06:17
Musk says US government has no plans to use Dogecoin
March 30, at a town hall meeting hosted by his American political action committee in Green Bay, Wisconsin, Musk distinguished the Federal Department of Efficiency (DOGE) from Dogecoin cryptocurrency.
2025-03-31 14:06:16
Iranian official suspected of embezzling over $21 million in crypto assets during investigation of cryptocurrency exchanges
senior investigators from the Intelligence and Economic Crimes Department of the Islamic Revolutionary Guard Corps (IRGC) in Iran have been accused of embezzling over $21 million in crypto assets during an investigation of the cryptocurrency exchange Cryptoland. According to court documents reviewed by Iran International Television, two senior officials from the IRGC Economic Intelligence Department, Mehdi Hajipour and Mehdi Badi, were the main planners of the scheme. Blockchain evidence shows that wallets controlled by Hajipour alone handled tokens worth over $21 million.
2025-03-31 14:06:14
Initia has established the Foundation X account and official website
On March 31st, according to relevant page information, Layer 1 blockchain Initia has established foundation X account and official website. Earlier news, Initia hinted that it had completed a snapshot on platform X by releasing a picture.
2025-03-31 14:06:13
Galaxy Digital Settles $200 Million Lawsuit Over LUNA Token Allegations
The focus of the case revolves around allegations that Galaxy Digital, led by founder Michael Novogratz, participated in the promotion and purchase of LUNA tokens at a discounted rate in 2020, sparking interest in the token in the Western market. New York Attorney General Letitia James stated that Galaxy Digital bought 18.5 million LUNA tokens from Terraform Labs for $0.22 each, below the market price at the time, contributing to the token's visibility and subsequent price surge. Despite publicly supporting LUNA and Novogratz's pledge to get a tattoo if the token hit $100, Galaxy Digital sold millions of tokens without disclosure, profiting as the price rose. The company had mostly sold its LUNA holdings by the time the Terra ecosystem collapsed in May 2022, while Terraform Labs founder Do Kwon faces multiple fraud charges after being arrested in Montenegro in 2023. The settlement of the $200 million lawsuit against Galaxy Digital highlights the increasing scrutiny on crypto firms involved in the rise and fall of digital assets, emphasizing the potential legal and financial consequences for major crypto investment firms. This resolution with the New York Attorney General could establish a precedent for future actions against firms connected to the failure of other cryptocurrency projects.
2025-03-30 22:02:17
Cryptocurrency trader turns $2,000 into $43 million with Pepe memecoin
A cryptocurrency trader with foresight reportedly transformed an investment of $2,000 into more than $43 million by capitalizing on the memecoin Pepe at its peak value, despite the token's high volatility and lack of underlying technical worth. The trader achieved a remarkable return on investment of over 4,700 times on the popular frog-themed Pepe (PEPE) cryptocurrency, as per blockchain intelligence platform Lookonchain. Lookonchain stated, "This original investor only spent $2,184 to acquire 1.5 trillion $PEPE ($43 million at its peak) in the early stages. After selling 1.02 trillion $PEPE for $6.66 million, they were left with 493 billion $PEPE ($3.64 million) and a total profit of $10.3 million (4,718 times)." Source: Lookonchain.
2025-03-30 21:01:23
Marathon Digital Seeks $2 Billion to Increase Bitcoin Holdings
Marathon Digital is planning to raise $2 billion through a new offering, following a successful round that raised $1.4 billion to increase its Bitcoin holdings. The company intends to use the funds from the current offering primarily for purchasing more Bitcoin, with 40% allocated for acquisitions, 35% for general corporate needs, and 25% for working capital. The equity sale will be facilitated by investment firms like Barclays and BMO Capital Market, as Marathon continues its strategy of funding Bitcoin acquisition through stock offerings. With a current holding of 46,376 BTC, Marathon aims to secure a strong position in the digital asset space by focusing on acquiring Bitcoin, inspired by strategies seen in companies like MicroStrategy. The decision to buy Bitcoin directly through stock offerings and convertible bonds is in response to challenges in the Bitcoin mining industry, such as rising energy costs and the halving of mining rewards, while also diversifying the company's digital asset portfolio.
2025-03-30 20:02:20
XRP (XRP) Drops Nearly 40% to $2.19 Amid Market Sell-Off
XRP (XRP) has experienced a significant drop of almost 40% to approximately $2.19, following a recent high of $3.40 two months ago. This decline is part of a larger market sell-off influenced by President Donald Trump's trade war, despite positive news such as the SEC dropping its case against Ripple. XRP is still showing a 350% increase from its low in November 2024, indicating a period of consolidation after a strong rally. There is speculation about whether this marks the end of the bullish trend or presents a good buying opportunity. The price of XRP has been fluctuating between $1.77 (support) and $3.21 (resistance) since January, with resistance near the upper limit and diminishing bullish momentum. Analysts predict a potential long entry if the price revisits the support level of $1.77. The green support area on the chart, extending down to $1.50, suggests a zone of high demand where buyers may intervene. A short-term market rebound, driven mainly by Bitcoin (BTC), could lead to a temporary recovery, but a clear breakout above $3.21 is needed to confirm a bullish trend reversal. XRP is currently in a sideways structure, with analysts monitoring reactions at the $1.77 support level before considering a long position. Analysts are observing a potential bull flag formation within the consolidation zone of $1.77 to $3.21, with a breakout above $3.21 possibly leading to a 450% price rally. XRP is currently consolidating within a long-term bullish pattern, resembling a previous rally from March 2020 to April 2021. As long as XRP remains above the 50-week moving average (1W MA50), the broader bullish cycle is expected to continue, potentially targeting $6.50 in the coming months. This article does not provide investment advice, and readers are encouraged to conduct their own research before making any financial decisions.
2025-03-30 20:02:19