24H Hot Cryptocurrencies and News | ZachXBT Accuses Axiom Employee of Involvement in Insider Trading; Circle Stock Price Reaches 90 USD (February 27)

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11 hours ago

1. CEX Popular Cryptocurrencies

CEX Transaction Volume Top 10 and 24-Hour Price Fluctuation:

  1. BNB: -2.17%
  2. BTC: -3.12%
  3. ETH: -4.24%
  4. SOL: -4.34%
  5. XRP: -5.42%
  6. PEPE: -11.83%
  7. DOGE: -7.03%
  8. ADA: -4.13%
  9. SUI: -6.66%
  10. LINK: -6.24%

24-Hour Price Increase Ranking (Data Source: OKX):

  1. CFG: +63.75%
  2. WIN: +17.77%
  3. WET: +15.87%
  4. ZAMA: +15.49%
  5. YB: +11.36%
  6. SPACE: +8.82%
  7. BARD: +7.77%
  8. FOGO: +6.95%
  9. CTC: +4.86%
  10. SENT: +4.29%

24-Hour Cryptocurrency Stock Gain Ranking (Data Source: msx.com):

  1. ProShares UltraShort Silver - MSX: +906.59%
  2. Block, Inc. - MSX: +31.31%
  3. IonQ, Inc. - MSX: +19.35%
  4. MARA Holdings, Inc. Common Stock - MSX: +13.19%
  5. Netflix Inc - MSX: +12.52%
  6. T-Rex 2X Inverse NVIDIA Daily Target ETF - MSX: +11.2%
  7. GameSquare Holdings, Inc. Common Stock - MSX: +10.99%
  8. Direxion Daily Semiconductor Bear 3X Shares - MSX: +10.69%
  9. Intuitive Machines, Inc. Class A Common Stock - MSX: +9%
  10. Direxion Daily FTSE China Bear 3X Shares - MSX: +8.65%

2. On-Chain Popular Meme Top 5 (Data Source: GMGN):

  • XYZ
  • Replacement
  • Higuruma
  • HALO
  • Replaceme

Headlines

Circle's stock price reaches $90, analysts optimistic about diversification growth in stablecoin business

Stablecoin issuer Circle's stock price surged above $90, reaching a new high since November last year. Bernstein analysts maintained an "outperform" rating and set a target price of $190, believing that the company’s expansion in the infrastructure sector is leading to new revenue sources with higher profit margins. Mizuho analysts also pointed out that as stablecoins are applied in new scenarios such as prediction markets, Circle's revenue structure is expected to further diversify.

ZachXBT accuses Axiom employee of insider trading

"On-chain detective" ZachXBT accused Axiom trading platform's senior business development manager Broox Bauer of abusing internal system access since early 2025, conducting insider trading by tracking user private wallet activities, and sharing internal dashboard screenshots revealing multiple traders' private wallet and registration information on social platforms multiple times. Axiom was founded by Mist and Cal in 2024 and has generated over $390 million in revenue.

Ethereum Foundation releases "strawmap" roadmap, aiming for second-level transactions and significantly increasing throughput

The Ethereum Foundation released the "strawmap" roadmap, planning seven hard forks between 2026 and 2029, with highlights including: compressing L1 finality from 16 minutes to a minimum of 8 seconds; L1 target of 10,000 TPS, L2 network target of about 10 million TPS; reducing slot time from 12 seconds to a minimum of 2 seconds; and introducing shielded transfers for privacy ETH transfers, and deploying post-quantum cryptographic solutions.

Industry News

Bipartisan U.S. lawmakers introduce blockchain innovation bill to protect non-custodial developers from improper accountability

U.S. Representatives Scott Fitzgerald, Ben Cline, and Zoe Lofgren jointly proposed the "2026 Blockchain Innovation Promotion Act," aimed at protecting software developers from criminal liability under Section 1960 of the U.S. Code, clarifying that this provision applies only to institutions controlling client funds and not to developers who merely write code. This distinction is the core content that the crypto industry (especially DeFi) has been pushing to include in the "Clarity Act."

AAX head in Hong Kong suspected of embezzling over 600 million HKD arrested and charged with 3 counts of theft and 1 fraud

Hong Kong virtual currency trading platform AAX stopped operations in November 2022, and its head fled abroad with a virtual currency wallet and private keys but was arrested upon returning to Hong Kong. Hong Kong police stated that the head took out virtual currencies worth approximately HKD 633 million after the platform ceased operations and has been charged with 3 counts of theft and 1 count of fraud, involving a total of about HKD 81 million in losses to 191 victims.

Jane Street's involvement in Terra insider trading lawsuit reignited, previously heavily penalized by regulators in India

Quantitative trading firm Jane Street has been sued in the U.S. District Court for the Southern District of New York, accused of using undisclosed information to avoid a potential loss of over $200 million before the collapse of Terra/Luna in May 2022. The plaintiff claims that they obtained important inside information through communications with the Terraform Labs team and made large trades. Jane Street denies the allegations, with the current case involving a total of 13 charges including insider trading and securities fraud.

Suspected insider bets $59,800 three hours before ZachXBT reveals insider trading of Axiom employees, profits nearly $110,000

According to Lookonchain monitoring, three hours before ZachXBT revealed the insider trading allegations against Axiom employees, a suspected insider bet $59,800 using two newly created wallets, profiting nearly $109,000.

Project News

MARA expands AI data center business, stock price rises 17% after hours

Bitcoin mining company MARA Holdings announced a partnership with Starwood Capital Group to establish a large data center focused on artificial intelligence and cloud computing clients on the existing mining sites in the U.S. The project is expected to provide approximately 1 GW of computing capacity in its initial phase, with plans to expand to over 2.5 GW in the future. Following the announcement, the company’s stock price rose about 17% in after-hours trading. MARA stated that Bitcoin will remain a core component of the company’s long-term strategy.

Block lays off about 40%, Jack Dorsey advances AI-first strategy

Fintech company Block announced a large-scale layoff plan, with co-founder Jack Dorsey stating that the company will cut nearly 4,000 jobs, reducing its workforce from over 10,000 to fewer than 6,000, to promote a more streamlined, flat, and AI-centric organizational structure. Following the announcement, Block's stock price rose over 20% in after-hours trading.

Huma Finance: HUMA token third quarter airdrop now open for claims

Huma Finance announced that the HUMA token third quarter airdrop is now open for claims and will close on March 26 at 21:00 (UTC+8). During the claiming period, withdrawing locked $PST or $mPST will reduce the allocation for the next season. The fourth quarter has also been launched, with the classic pool offering a maximum annualized return of 13.4% and the priority pool offering a maximum annualized return of 21.5%. The next airdrop is expected to occur in about three months.

Investment and Financing

The World Bank's International Finance Corporation will invest $40 million in digital infrastructure Zetrix AI

The World Bank Group announced that its International Finance Corporation will invest $40 million in digital infrastructure Zetrix AI. The new funds will be used to support the development and promotion of blockchain-based deep information collection applications and AI products, while exploring cross-border practical applications of blockchain and artificial intelligence in areas such as digital identity, customs clearance processes, large language models, and stablecoins.

NASDAQ-listed Solana Treasury company DeFi Development strategically invests in stablecoin protocol Apyx

The NASDAQ-listed Solana Treasury company DeFi Development announced a strategic investment in the stablecoin protocol Apyx, with the specific investment amount undisclosed, aimed at establishing an early position in the emerging Dividend Supported Stablecoin (DBS) category. The Apyx model can convert dividend flows into on-chain yields, providing scarce yield opportunities for a market of over $300 billion in stablecoins.

Voices of Individuals

Federal Reserve Governor Bowman: Ensuring the banking system can support digital asset-related activities

Federal Reserve Governor Bowman stated at a Senate hearing that the Federal Reserve is advancing the GENIUS project and plans to "clarify how digital assets are handled, ensuring the banking system can support digital asset-related activities." Bowman emphasized, "As a regulator, my duty is to responsibly encourage innovation while continuously enhancing supervisory capabilities to address security and soundness risks that innovation may bring."

10x Research: Circle surges due to short squeeze, subsequent market trading logic will return to fundamentals

10x Research analysis indicates that the core driver of Circle's stock price increase was not the financial report data itself, but a high-probability short covering market triggered by the market position structure. It is reported that hedge funds built large short positions before the earnings report was released, and as Circle's stock price soared, it triggered a short squeeze, with hedge funds losing approximately $500 million in a single day. 10x Research stated that new market catalysts may soon emerge, after which market trading logic will return to fundamentals.

Dragonfly partner publicly disputes with former co-founder, both sides insist on different views on early history and investment leadership

Dragonfly managing partner Haseeb Qureshi and former co-founder Alexander Pack recently publicly debated on social platforms. Haseeb claimed that company development and scaling gradually achieved after his joining, while Alexander Pack refuted that Dragonfly was already co-founded by him and Feng Bo over a year before Haseeb joined, and had committed to leading investments in projects like Bybit and Amber Group.

Axiom promoter collaborator Devin apologizes: admits risking reputation but was unaware of ZachXBT exposure information

Axiom promoter collaborator Devin apologized on platform X, stating he indeed risked his reputation previously, but he had no means of knowing that ZachXBT would expose Axiom. Previously, Devin had repeatedly supported Axiom and bet on Axiom's NO on Polymarket, publicly claiming "Axiom is not the company mentioned in ZachXBT's investigation."

Zhou Hongyi: The U.S. will convert involved virtual currencies into strategic reserves, harvesting actions lead to secondary losses for victims

360 Group founder Zhou Hongyi stated in an interview with the Global Times that the U.S. is using "protecting victim rights" as a banner to convert involved virtual currency assets into strategic financial reserves under its control. Zhou believes that such unilateral harvesting behavior by the U.S. not only results in secondary losses for victims but also disrupts the global flow of virtual currency assets, undermining financial stability in emerging market countries, with the ultimate goal of consolidating the dollar's hegemony in the digital finance sector.

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