24H Popular Cryptocurrencies and News | Binance has filed a lawsuit against WSJ for defamation; CZ says Forbes billionaire list ranking is "not accurate" (March 12)

1. Popular Coins on CEX

Top 10 CEX Trading Volumes and 24-Hour Price Changes:

BTC: - 0.18%
ETH: + 0.7%
SOL: + 0.1%
XRP: - 0.64%
DOGE: - 1.33%
BNB: + 0.69%
NEAR: + 0.62%
AVAX: - 0.21%
FIL: + 1.05%
HUMA: + 28.7%

24-Hour Price Increase Rankings (Data source: OKX):

PIXEL: + 49.2%
AVNT: + 28.32%
HUMA: + 28.7%
CATI: + 12.44%
BICO: + 12.01%
BERA: + 10.35%
AR: + 9.78%
BAND: + 9.27%
AIXBT: +8.78%
RON: + 8.26%

24-Hour Crypto Stock Price Increase Rankings (Data source: msx.com):

Nebius Group N.V. - MSX (NBIS.M): 13.06%
Hims & Hers Health, Inc. - MSX (HIMS.M): 11.67%
Twice Shorting Silver Spot Price - MSX (ZSL.M): 8.93%
IREN Limited - MSX (IREN.M): 7.48%
U.S. Crude Oil ETF - MSX (USO.M): 7.45%
Oracle - MSX (ORCL.M): 7.2%
CoreWeave, Inc. - MSX (CRWV.M): 6.86%
Klarna Group Plc - MSX (KLAR.M): 6.21%
Sui Group Holdings Limited - MSX (SUIG.M): 5.67%
Firefly Aerospace Inc - MSX (FLY.M): 5.47%

2. Popular On-Chain Memes (Data source: GMGN):

Solana: HAIRY, Distorted, JEW
BSC: Lobster, Rich Bird, Fight

Headlines

U.S. Core CPI Meets Expectations, February Unadjusted CPI Year-on-Year at 2.4%, Expected 2.40%

Odaily Planet Daily reported that the U.S. Core CPI met expectations, with February unadjusted CPI year-on-year at 2.4%, expected at 2.40%, previous value at 2.40%. (Jinshi)

CryptoQuant: Bitcoin Supply in Loss Close to 40-45%

Odaily Planet Daily reported that CryptoQuant stated the supply of Bitcoin in loss is climbing to 40-45%, a level often seen in the early stages of bear markets.

Binance Has Officially Sued the Wall Street Journal for Defamation

Odaily Planet Daily reported that Binance has solemnly stated that it has never terminated any compliance investigation. The Wall Street Journal continues to repeat false information. Therefore, Binance has officially sued the Wall Street Journal for defamation.

In fact, Binance's investigation has been ongoing, revealing a complex pattern of capital activity spanning Asia, the Middle East, and other regions, involving multiple jurisdictions. Binance has conducted a complete review of the related capital flows, taken down relevant user accounts, and reported to law enforcement agencies.

Currently, we have not been informed of any related investigations. However, we will continue to cooperate with regulatory authorities and law enforcement to investigate the truth.

For a complete account of the incident, please refer to our blog post. This article is a follow-up to our statement on February 23, which elaborated on the flow of funds and the false accusations against Binance.

Industry News

Lawyer Chen Zhi Submits Motion to U.S. Court to Dismiss Government Seizure of His Bitcoin

Odaily Planet Daily reported that Chen Zhi's lawyer recently submitted a motion to the federal court in New York, requesting the dismissal of the U.S. government's seizure of a batch of Bitcoin related to him. The lawyer stated that the prosecution's claim that Chen Zhi supervised a fraud park lacked specific evidence and was merely a general description of the situation in Cambodia; they also questioned the timeline of the cryptocurrency seizure, arguing that this Bitcoin could not have come from fraudulent or laundered funds.

The U.S. Department of Justice announced the forfeiture of 127,271 Bitcoins controlled by Chen Zhi last October, valued at approximately $15 billion at that time. In January, Chen Zhi had his nationality revoked by Cambodia and was extradited to China. After sanctions were imposed by the U.S. and the U.K., related assets totaling over $1 billion were frozen or seized in Singapore, Hong Kong, Taiwan, and South Korea.

Mastercard Launches Crypto Partner Program, Over 85 Institutions Join, Including Circle and Binance

Odaily Planet Daily reported that Mastercard has launched a global partnership program, recruiting over 85 digital asset companies, payment service providers, and financial institutions, including Circle, Binance, and Gemini Space Station, aimed at scaling digital assets and integrating them into existing payment systems. The program will offer card programs, global merchant acceptance, and cross-border settlement services to crypto companies. Stablecoins are currently seen as a potential alternative to traditional payment networks, with Mastercard and Visa both laying out plans for stablecoin-related business since 2021, aiming to bridge digital assets with the existing payment system. (Bloomberg)

OpenClaw Founder Criticizes GitHub Security Vulnerability Reporting Process for Multiple Issues

Odaily Planet Daily reported that OpenClaw founder Peter Steinberger criticized GitHub's security vulnerability reporting process for several issues, pointing out that the current reporting system is only accessible to administrators, making it difficult for teams to effectively distribute and collaborate on handling vulnerabilities. Furthermore, GitHub's API functionality for vulnerability reporting is insufficient, lacking the ability to read or post comments through automated agents, which limits the automation of the security response process. Peter Steinberger also specifically noted that the current vulnerability reports are filled with low-quality content generated by AI, requiring hours to filter, further increasing the burden of security handling work.

Project News

Ripple Launches $750 Million Share Buyback, Company Valuation Reaches $50 Billion

Odaily Planet Daily reported that sources indicated that the blockchain payment company Ripple has initiated a share buyback program worth up to $750 million, with an overall company valuation of approximately $50 billion.

This buyback will be conducted through a tender offer, allowing investors and company employees to sell their shares back to the company. The buyback plan is expected to last until April of this year. Bloomberg was the first to report this news.

This buyback plan comes shortly after Ripple attempted to buy back $1 billion in shares at a $40 billion valuation last October. At that time, participation was relatively limited due to some private investors not wanting to sell their shares.

The last financing round for Ripple occurred in November last year, where the company completed a $500 million strategic financing at a similar $40 billion valuation. This round was led by funds related to Fortress Investment Group and Citadel Securities, with participation from institutions such as Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.

Ripple President Monica Long stated earlier this year that the company currently has no plans for an IPO and emphasized that Ripple's financial condition is stable, leaning more toward continuous expansion through mergers and product development.

Backpack Token TGE Date Approximately March 23, More Accurate Date to be Announced Tomorrow

Odaily Planet Daily reported that Backpack CEO Armani Ferrante announced in an official Twitch live stream that the token TGE date is approximately March 23, with a more accurate official date to be announced on March 12.

Foundry to Launch Institutional Zcash Pool to Fill Compliance Infrastructure Gap

Odaily Planet Daily reported that Bitcoin pool operator Foundry Digital plans to launch a U.S.-based Zcash mining pool next month, providing a mining platform for institutions and publicly traded companies focused on compliance review, reporting standards, and operational control.

Paradigm-backed Across Protocol Exploring Allowing ACX Holders to Exchange Tokens for Equity

Odaily Planet Daily reported that Across Protocol has initiated a temperature check proposal, exploring transforming the existing DAO and token structure into a U.S. Class C company and equity structure. Under this proposal, the new entity AcrossCo will become the operating company of Across Protocol, allowing ACX token holders to choose to exchange their tokens for AcrossCo equity at a 1:1 ratio, or redeem ACX for USDC at the average market price over a month within a six-month window. Larger holders can directly exchange for equity, while smaller holders can participate through a free special purpose entity structure.

Across Protocol co-founder Hart Lambur stated that if the community feedback is positive, the team will initiate a formal governance vote two weeks after the temperature check, to decide the result by simple majority.

The team indicated that as the demand from institutional partners for protocol infrastructure grows, the current DAO structure has limitations in executable contracts and clear legal entities. Across Protocol previously raised a total of $51 million through two rounds of token financing, with the most recent round of $41 million led by Paradigm, with participation from Bain Capital Crypto, Coinbase Ventures, and Multicoin Capital. The current price of the ACX token is approximately $0.035, up about 4% in the past 24 hours, and down about 84% in the past year.

Investment and Financing

General Tensor Completes $5 Million Seed and Pre-seed Financing Rounds, Led by Good Morning Holdings

Odaily Planet Daily reported that General Tensor, a startup focused on Bittensor ecosystem infrastructure, announced it has completed a total of $5 million in oversubscribed seed and pre-seed financing rounds. The seed round was led by Good Morning Holdings, a venture capital firm backed by Goldman Sachs; the pre-seed round in December 2024 was led by Lvna Capital, with participation from DCG, X Ventures, Proof of Talk, and Outliers Fund.

General Tensor was established in early 2024, formerly known as General TAO Ventures, focusing on developing and operating mining, validation, and subnet infrastructure for the decentralized AI network Bittensor. The company is referred to as “TAO Generation Tools” and claims its cost efficiency for acquiring TAO tokens is about 40 times higher than direct purchases. Currently, its business also covers the development of consumer DeFi applications and subnet incubation. (The Block)

Regulatory Policies

U.S. Democratic lawmakers Propose DEATH BETS Act to Ban War and Death Prediction Market Contracts

Odaily Planet Daily reported that U.S. Congressman Mike Levin and Senator Adam Schiff submitted the "DEATH BETS Act" on Tuesday, aiming to amend the "Commodity Exchange Act" to explicitly prohibit CFTC registered entities from listing prediction contracts involving terrorism, assassination, war, or individual death.

This bill is a response to the recent appearance of high-stakes betting on platforms like Polymarket regarding nuclear explosions, military strikes, and leadership changes.

Although CFTC Chairman Michael Selig recently stated that the regulatory framework for prediction markets would be expanded and claimed their accuracy has exceeded political polling, this bill seeks to eliminate the agency's discretion, enforcing the prohibition through legislative means. Lawmakers stated that such contracts not only pose national security risks but may also encourage violent behavior and lead to profiting from non-public information. (Decrypt)

Voices

Forbes: Trump's Wealth Increased by $1.4 Billion in a Year

Odaily Planet Daily reported that according to Forbes' latest "World Billionaires" list, Trump's net worth is now $6.5 billion, having increased by $1.4 billion over the past year. He ranks 645th among the 3,428 billionaires globally, improving from 700th place in 2025. The rise in Trump's wealth is mainly attributed to his cryptocurrency trading. Over the past year, he netted approximately $550 million by selling cryptocurrency tokens issued by the crypto venture World Liberty Financial founded by him and his family in September 2024.

Ma Huateng: Tencent is Launching the "Lobster Family Bucket"

Odaily Planet Daily reported that on March 10, Tencent announced a comprehensive "lobster" product matrix, with Ma Huateng mentioning various "lobster" products from his company: Self-developed Lobster, Local Lobster, Cloud Lobster, Corporate Lobster, Cloud Desktop Lobster, Secure Isolation Lobster Room, Cloud Security, Knowledge Base… and more products are on the way.

CZ Responds to Forbes Billionaires List Ranking: Related Data is Not Accurate

Odaily Planet Daily reported that CZ responded to Forbes' recent "Real-Time Billionaire Ranking," stating that the estimate of his wealth is not accurate.

Previously, Forbes' real-time list showed CZ's net worth at approximately $111 billion, placing him 17th on the global billionaire list. CZ commented that it is merely a "guess the number" game. He pointed out that the current Bitcoin and cryptocurrency market has fallen 50% from historical highs (ATH), implying that the list does not accurately reflect the current market fluctuations and the true state of his personal assets.

Arthur Hayes: Currently Will Not Increase Bitcoin Holdings Until Fed Restarts Printing

Odaily Planet Daily reported that Arthur Hayes recently stated in a podcast that despite his long-term bullish view on Bitcoin (predicting it will reach $250,000 by the end of 2026), he will not purchase any Bitcoin until the Fed eases monetary policy and restarts the "money printing machine."

Hayes pointed out that while the market generally believes that war benefits Bitcoin, it is actually "money printing that benefits Bitcoin." He is concerned that ongoing geopolitical tensions in the Middle East may lead to massive sell-offs in U.S. stocks and Bitcoin, possibly triggering a liquidation chain reaction that brings Bitcoin below $60,000. Currently, the Bitcoin price is approximately $69,926, down 45% from the historical high of $126,000 set last October. He emphasized that the optimal buying point would only be when the Fed restarts liquidity to support military spending or alleviate market pressures. (Cointelegraph)

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