Daily Report | OKX DEX has started service upgrades and has suspended aggregator trading services; Binance will launch StraitsX USD (XUSD)

Organizer: Jerry, ChainCatcher

Important News:

• The crypto community is planning a "whale hunting operation" against the "Hyperliquid 50x leverage whale"
• OKX DEX has begun service upgrades and has suspended aggregator trading services
• Cobo co-founder Shen Yu: Strategy amplifies Bitcoin's high volatility by 2.5 times to the US stock market, professional institutions use this high volatility for arbitrage
• Binance will list StraitsX USD (XUSD)
• Coinbase CEO: The company is currently collaborating with 145 government agencies in the US and 29 government agencies outside the US
• Zhao Changpeng: Although cryptocurrency is the currency of artificial intelligence, not every agent needs its own token
• He Yi: Update the Binance App, something big is happening

"What important events have occurred in the past 24 hours"

The crypto community is planning a "whale hunting operation" against the "Hyperliquid 50x leverage whale"

According to on-chain analyst Ai Yi's monitoring, a "whale hunting operation" against the "Hyperliquid 50x leverage whale" has begun.

Twitter user @Cbb0fe posted a tweet 11 hours ago to recruit a "whale hunting team," and then Tron founder Justin Sun (@justinsuntron) joined the operation.

The sudden surge of BTC at midnight last night seems to be the work of this whale hunting team, causing the 6 million floating profit of the 50x whale to be wiped out instantly, even resulting in a loss of 2 million, forcing him to increase his margin by 5 million USDC.

OKX DEX has begun service upgrades and has suspended aggregator trading services

According to official news, due to service upgrades, OKX DEX has suspended aggregator trading services, and related limit orders and cross-chain orders will be automatically canceled. The specific recovery time will depend on the progress of the upgrade, and we will announce it as soon as it is restored. During this period, users can still trade through third-party protocols, and other services of the OKX Web3 wallet remain available. Please rest assured that your funds are not affected.

Cobo co-founder Shen Yu: Strategy amplifies Bitcoin's high volatility by 2.5 times to the US stock market, professional institutions use this high volatility for arbitrage

According to analysis by Cobo co-founder and CEO Shen Yu, Strategy (MSTR) cleverly amplifies Bitcoin's high volatility by 2.5 times to the US stock market.

Professional institutions use this high volatility for arbitrage to obtain short-term profits; MSTR raises cash through issuing convertible bonds and ATM increases to accumulate a large amount of Bitcoin; ordinary shareholders bear the risks of severe stock price fluctuations and short-term declines but passively gain "Bitcoin earnings" as the number of Bitcoins per share increases; Bitcoin holders benefit from continuous market capital inflow and rising Bitcoin prices.

Binance will list StraitsX USD (XUSD)

According to the official announcement, Binance will launch StraitsX USD (XUSD) at 16:00 on March 19, Beijing time, and open the XUSD/USDT spot trading pair.

XUSD is a stablecoin pegged to the US dollar, issued by the licensed major payment institution StraitsX.

Coinbase CEO: The company is currently collaborating with 145 government agencies in the US and 29 government agencies outside the US

Coinbase CEO Brian Armstrong stated in a recent post on X platform that Coinbase is currently collaborating with 145 government agencies in the US and 29 government agencies outside the US at the federal, state, and local levels; with the launch of the US strategic Bitcoin reserve, we are seeing increasing interest from governments.

Zhao Changpeng: Although cryptocurrency is the currency of artificial intelligence, not every agent needs its own token

Binance founder Zhao Changpeng stated, "I have an unpopular opinion about AI agents: while cryptocurrency is the currency of AI, not every agent needs its own token. Focus on practicality, not tokens."

He Yi: Update the Binance App, something big is happening

Binance co-founder He Yi stated, "Update the Binance App, something big is happening."

He Yi then retweeted the Binance Wallet zero-fee activity, stating, "The product is being optimized. Your feedback and suggestions are welcome."

"What are the must-read articles in the past 24 hours"

Ethereum, don't let newcomers down

Whales are rushing out, while newcomers are still shouting "ETH to the moon" at the door.

Ten questions and answers clarify the "black box" of market makers: Why are VCs getting involved in market making? Are project parties really easy to be "backstabbed"?

Includes a diagram of crypto market makers.

Strategy restarts the "buy buy buy" mode? A full analysis of the new financing plan

This time, Strategy does not rely on debt or selling stocks, but uses a "super credit card" with an 8% interest rate and no maturity.

OKX DEX under siege, where should it go in the future?

Regulatory tightening and competitors' pursuit, the suspension of OKX's DEX business still reflects the industry's "impossible triangle."

Nankai University President Chen Yulu: The rise and challenges of cryptocurrency

The latest developments in various fields of crypto assets indicate that the strategic direction behind the shift in the positions of the US political and business circles is likely to build a "trinity" digital dollar hegemony system.

Meme Popularity Rankings

According to the meme token tracking and analysis platform GMGN, as of March 17, 19:50:

In the past 24 hours, the top five popular tokens on Ethereum are: DOPE, SHIB, SPX, APU, drElon

In the past 24 hours, the top five popular tokens on Solana are: ITRUMP, $ROGERS, PIPE, YEYE, Akio

In the past 24 hours, the top five popular tokens on Base are: SKITTEN, VIRTUAL, Glaucus, BORK, BARIO