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Quick Take Barstool Sports founder Dave Portnoy appears to have mistakenly invested nearly $170,000 worth of Solana buying a random LIBRA token, not the one grabbing headlines in recent days. The LIBRA token Portnoy purchased, which has a different contract address than the memecoin famously linked to Argentinian President Javier Milei, shot up in price after the memecoin trader bought it. Portnoy could lose more than half of what he paid for the illiquid token if he liquidates his position.
Quick Take Buyers of Trump-branded watches, fragrances, sneakers or digital collectible cards may be eligible for a TRUMP memecoin airdrop. Users will get three TRUMP tokens no matter how many products they purchased, as long as they bought the items before Feb. 15.
Quick Take Argentinian President Javier Milei faces fraud charges over his involvement in the Solana-based LIBRA memecoin, which collapsed 95% from its peak. An Ethereum user burned 500 ETH ($1.38 million) on Monday and 603.38 ETH ($1.67 million) in total over the past seven days to spread bizarre warnings about alleged “brain control” technology via onchain messages.
Quick Take Standard Chartered, Animoca Brands and HKT have teamed up to issue a Hong Kong dollar-backed stablecoin. The initiative comes as Hong Kong prepares to pass a bill regulating stablecoins.
About 500 ETH ($1.37 million) was sent to the Ethereum burn address. An accompanying cryptic message accused Kuande Investment executives of misconduct. The same address previously made significant donations to WikiLeaks and a Ukraine donation address.
SOL is predicted to soar to as much as $1,000 in the near future. XRP and ETH have also formed technically bullish setups in their price action. ADA is also forecasted to claim $1 as the broader market remains sluggish.
Fed’s hawkish stance and unexpected inflation data drove digital asset outflows, with Bitcoin and Ethereum taking major hits.
- 01:30The price of the Ethereum oracle on Maker will be updated at 10 o'clockAccording to third-party monitoring, currently, the Maker oracle price for Ethereum will update to $1806 at 10 o'clock. If the whale with a loan of 65,675 ETH on Maker does not add more funds beforehand, their position will begin to be liquidated.
- 01:29Arthur Hayes: BTC may bottom out at 70,000 USD, waiting for central bank easing before reinvesting heavilyPANews reported on March 11 that Arthur Hayes tweeted that Bitcoin (BTC) could bottom out around $70,000, which is equivalent to a 36% pullback from its historical high of $110,000 and is considered a normal adjustment in a bull market. He believes the next step should be to pay attention to the sharp drop in US stocks (SPX, NDX) and bankruptcies of traditional financial institutions (TradFi). Subsequently, the Federal Reserve (Fed), People's Bank of China (PBOC), European Central Bank (ECB), and Bank of Japan (BOJ) may adopt loose policies to stimulate the economy. Hayes advises traders to be patient. If they have a higher risk tolerance, they can try bottom fishing; if they are more conservative, wait for central bank policy changes before going heavy again to avoid psychological pressure caused by long-term sideways movement or potential floating losses.
- 01:27California financial regulatory authorities issue warnings about 7 new types of cryptocurrency and artificial intelligence fraudA financial regulatory body in California stated that in 2024, users reported seven new types of cryptocurrency and artificial intelligence scams through thousands of complaints, which had never been seen before. The California Department of Financial Protection and Innovation (DFPI) said in a statement on March 10th that the department received 2,668 complaints in 2024, discovering seven types of frauds they had not previously recorded, such as fake Bitcoin mining schemes where scammers offer false mining investments. DFPI also received complaints about fraudulent cryptocurrency gaming schemes where users are encouraged to deposit funds but their wallets are emptied; there were also scammers offering fake jobs requiring victims to transfer cryptocurrencies and provide personal information.