ChainCatcher news, encrypted KOL and former FTX community partner Benson Sun analyzed in a social media post, "Today at 18:30, ACT suddenly crashed by 50%. The reason is that Binance adjusted the leverage position limit for ACT, allowing a maximum of $4.5 million in positions with 1x leverage. Some market makers' positions exceeded the limit and were directly liquidated at market price. After the contract price collapsed, there was a huge price difference with the spot market, causing the spot market to crash as well.Binance announced the change at 15:32 on April 1, with an effective time of 18:30 on April 1, giving users less than 3 hours to react. Even more outrageous is that Binance had already announced a modification to the ACT position limit on March 31, and on April 1, they cut the position limit for low leverage by another 50%.Before modifying the rules, Binance should assess how many positions would be liquidated. If there are large positions from market makers, they should also be notified in advance. As an industry leader, we hope Binance can handle this incident properly."

ChainCatcher news, the globally compliant crypto asset trading platform Backpack has officially completed the acquisition of FTX EU. Starting today, Backpack EU has officially launched the asset recovery and fund distribution process, providing clear and convenient fund return services for former FTX EU users, helping them recover previously frozen fiat assets.After the completion of this acquisition, Backpack will reactivate the licenses held by FTX EU and will provide comprehensive cryptocurrency derivatives trading services within the European Union in the future.

ChainCatcher news, according to Fortune, stablecoin USDC issuer Circle has hired JPMorgan and Citibank to assist with its initial public offering (IPO), which is expected to publicly file for listing by the end of April.This will be the largest cryptocurrency-related IPO since Coinbase.

ChainCatcher news, encrypted KOL EnHeng posted on platform X, expressing gratitude for receiving $100,000 support from Binance co-founder Zhao Changpeng. The first phase of funding aimed at victims of the SOL chain-based Argentina token rug has been fully completed, with all operations traceable on-chain.As there is still $30,000 unused, EnHeng has decided to return the original amount to Zhao Changpeng for continued development of the BNB Chain.It is reported that this funding has supported the meal expenses of over 800 university students and the treatment of cancer patients.EnHeng stated: "Doing charity is not a show, but a long-term value. Openness, transparency, and responsibility are the bottom lines I always adhere to."Previously, the Argentina presidential token rug incident caused many crypto users to suffer losses. To help the affected users, EnHeng decided to donate $50,000 and accepted donations through a BSC address. EnHeng expressed that this aid is a transmission of hope, encouraging everyone to help those in distress and provide them with more courage and strength.Binance co-founder Zhao Changpeng commented under EnHeng's tweet, expressing support and sponsoring 150 BNB (approximately $100,000).

ChainCatcher news, CESS Network has partnered with the renowned Brazilian higher education institution, the University of Brasília (UnB), to launch a dedicated blockchain course for CESS Network. The course officially started with the beginning of the new semester.This course focuses on Web3 data infrastructure and blockchain technology development, marking an important milestone in the deep integration of academic research and decentralized technology. Previously, CESS has collaborated with top universities such as Duke University, Yale University, and Harvard University to host multiple Web3 events and hackathons, attracting more talent from universities to join the industry. This partnership with UnB will further promote the globalization of Web3 education.Transitioning from academia to practice, empowering the next generation of developers and innovators, CESS is building a strong talent foundation for Web3.

ChainCatcher news, according to Jinshi reports, there are market rumors that the EU plans to make concessions to U.S. President Trump after mutual tariffs are imposed.

ChainCatcher news, according to the official announcement from Huobi HTX, Huobi HTX will open the deposit services for TUT, BROCCOLI, and BANANAS31 on March 28 at 14:30 (GMT+8). The spot trading for TUT/USDT, BROCCOLI/USDT, and BANANAS31/USDT will open at 15:30 (GMT+8), 15:45 (GMT+8), and 16:00 (GMT+8) respectively. The withdrawal services for TUT, BROCCOLI, and BANANAS31 will open on March 29 at 16:00 (GMT+8).It is reported that TUT, BROCCOLI, and BANANAS31 are popular meme coins on BSC. Tutorial is an educational tool that utilizes AI technology, focusing on helping people learn about blockchain, cryptocurrency, and the BNB Chain ecosystem. The $Tut token is used to reward users, unlock additional features, and govern the platform. The $Broccoli token is co-managed and owned by the community, bonded by love. The concept of "Banana for Scale" first became popular on Reddit in 2012, when users would place a banana next to the object they were photographing to humorously convey its size. A more culturally impactful event related to this meme was when Elon Musk placed a banana sticker on the SpaceX Ship 31, which was launched on November 18, paying tribute to internet memes like "Banana for Scale."

According to the ChainCatcher news and the official WeChat account of the Intermediate People's Court of Ezhou City, the Ezhou Court has recently successfully concluded two cases of virtual currency online fraud. A fraud gang consisting of 34 defendants meticulously planned and executed the scams using a new type of virtual currency trading platform, resulting in nearly 30,000 victims in just one year, with a total amount involved of 460 million yuan.It is reported that the fraud gang established the "OURBIT Digital Currency Trading Platform," claiming to be "registered in Singapore" and other gimmicks. They fabricated trading K-line charts based on the trading prices of the Bitcoin market and created the illusion of trading nine types of virtual currencies.After hearing the case, the court determined that the amount involved was particularly huge, and the defendants' actions constituted fraud. The court sentenced the 34 defendants to fixed-term imprisonment ranging from three to twelve years and imposed fines. Given the large number of people involved and the complexity of the case, the court is handling the cases separately, and the judgments have all taken effect.

ChainCatcher news, International Monetary Fund (IMF) spokesperson Julie Kozack stated on Thursday that the organization is continuing to assess the impact of U.S. President Trump's tariff plan (including the new 25% auto tariff), but its baseline forecast does not anticipate an economic recession in the United States.When asked about Trump's tariff plan at the IMF's regular press conference, Kozack said that tariffs imposed on goods from Canada and Mexico, if sustained, would have a "significant adverse impact" on the economic outlook of those countries, but she declined to provide specific details. She stated that the IMF is continuing to evaluate the impact of the various tariff measures announced by Trump on other regions.

ChainCatcher news, according to CoinDesk, on-chain order processing company Warlock Labs announced the completion of an $8 million funding round, led by Polychain Capital, with participation from Greenfield Capital, Reciprocal Ventures, Symbolic Capital, Ambush Capital, and TRGC.It is reported that Warlock Labs is a company that uses on-chain data for responsible order flow processing, aiming to prove that submitted order flows have not been tampered with to ensure fair trading.

ChainCatcher message, BNB Chain posted on platform X that due to a surge in access demand, there is a temporary delay in block displays on BscScan.For more accurate real-time data, it is recommended to use Bsctrace for inquiries.The technical team is continuously monitoring the system status and will release updates in a timely manner as needed.

ChainCatcher news, according to official sources, the on-chain firewall project Harpie has announced that it has ceased operations and will no longer provide services.Harpie stated that it was committed to creating a theft-free crypto ecosystem, but unfortunately failed to build a sustainable business model around this goal. In the coming days, Harpie will launch a tool for users to transfer stored assets on the Harpie website. Currently, due to financial difficulties, it has immediately shut down its on-chain firewall business.According to the crypto asset data platform RootData, on-chain firewall provider Harpie completed a $4.5 million seed round financing on September 27, 2022, led by Dragonfly Capital.

ChainCatcher news, Binance founder Zhao Changpeng (CZ) stated on social media that all BNB transaction fees or donations received through the public address will be used to support BSC community projects. These funds may be directly used to purchase some tokens, as this is the simplest way to support BSC projects.At the same time, Zhao Changpeng also mentioned that he will ignore other tokens sent to that address for as long as possible, as handling these tokens requires additional effort.

ChainCatcher news, according to Jinshi Data, Moneyfarm's Chief Investment Officer Richard Flax stated in a report that the data showing a moderate decline in the UK's inflation rate for February is unlikely to alleviate fiscal pressure.The UK's annual overall inflation rate for February fell from 3.0% in January to 2.8%, a decline slightly higher than expected.Flax mentioned that the UK Chancellor of the Exchequer may feel some relief due to the continued easing of inflation, but this moderate decline does little to alleviate fiscal pressure.He also stated that tariff risks could increase import costs, pushing inflation rates up and thereby limiting the Bank of England's room for interest rate cuts.

ChainCatcher news, the Financial Intelligence Unit (FIU) of South Korea announced that starting from March 25, it will implement domestic access restrictions on the Google Play platform applications of 17 overseas virtual asset service providers (VASP) that are not registered in South Korea, including KuCoin, MEXC, etc. This means that users will not be able to install the relevant applications anew, and existing users will also be unable to update.

ChainCatcher news, according to The Block, Celo, originally an independent layer one blockchain, has officially launched its transition to an Ethereum layer two network. This transition began today on the mainnet, with Celo L1 block production paused and the network officially migrating to a layer two architecture.The core development team of the project, CLabs, first proposed the transition of Celo from a layer one to a layer two chain in July 2023. This transformation aims to integrate more closely with Ethereum, benefiting from its security and large developer ecosystem, while addressing challenges such as scalability and interoperability that Celo faced as an independent chain.The layer two development utilizes the customizable toolkit OP Stack from Optimism, which means Celo now operates as an optimistic rollup. After the transition, Celo has gained native Ethereum bridging capabilities, and block time has been reduced from 5 seconds to 1 second.

ChainCatcher news, Ark Invest CEO Cathie Wood stated that the U.S. has fallen into a "rolling recession" (with different industries experiencing recession in rotation).In an interview with Bloomberg, she said, "We believe we are in a rolling recession, and in fact, we will see some quarters of negative growth, as the velocity of money is collapsing." She predicts that the collapse of money velocity will trigger 1-2 quarters of negative growth in the U.S. economy, which will prepare for tax cuts from the Trump administration and interest rate cuts from the Federal Reserve.Despite her pessimistic outlook on the short-term prospects of the U.S. economy, Wood revealed that Ark Invest has recently been counter-cyclical in buying assets related to cryptocurrencies, such as Tesla, Coinbase, and Robinhood, firmly believing that "technological disruption will lead to healthy deflation."It is worth mentioning that in early March, Wood stated at the Bloomberg Investment Conference in New York that the U.S. economy was at the end of a "three-year rolling recession," after which the U.S. stock market would soar. However, she now seems to have changed this view.

ChainCatcher news, according to Public Pool and Umbrel, at 08:30 Beijing time on March 23, an individual miner successfully mined the first Bitcoin block (888989) using a self-hosted Umbrel node and Bitaxe mining machine through the Public Pool protocol, with a block reward of 3.15188086 BTC.

ChainCatcher news, the DeShare public beta event launched by the decentralized data value infrastructure CESS Network has attracted nearly 600,000 users in just 20 days. The number of uploaded files has reached hundreds of thousands, and the on-chain transaction count has surpassed one million, thoroughly testing the performance, speed, and stability of its decentralized storage and distribution network.As a decentralized file sharing tool within the CESS ecosystem, DeShare has achieved a Web2-level user experience with millisecond-level retrieval, high throughput, and high concurrency capabilities, fully demonstrating the CESS network's leading advantages in performance, stability, and scalability. This public beta event has not only enhanced user awareness and participation in CESS but also validated CESS's reliable carrying capacity and real-world implementation capabilities as a new generation of Web3 data infrastructure.

ChainCatcher news, the BNB Chain has successfully completed the Pascal hard fork. This upgrade introduces the EIP-7702 smart contract wallet, aimed at enhancing EVM compatibility and developer support, as well as optimizing features related to fuel fee abstraction, smart payment interfaces, and batch transactions. The official roadmap for future improvements has been announced: the Lorentz upgrade scheduled for April 2025 aims to reduce block time to 1.5 seconds, improving transaction speed and network efficiency.Following this, the Maxwell upgrade planned for June 2025 will further accelerate block time to 0.75 seconds.