ChainCatcher news, encrypted broker LTP acquires Spanish crypto company Turing Capital Brokerage (TCB), with the specific amount not disclosed. This strategic acquisition allows LTP to expand its business into the European market while providing fully compliant digital asset brokerage services under the MiCA framework.Turing Capital is a digital asset investment company, and TCB is its subsidiary, founded by serial entrepreneurs and cryptocurrency investors Jorge Schnura and Javier Garay.

ChainCatcher news, LG announced the closure of its NFT marketplace Art Lab for TV devices. According to its official notice, the platform will be shut down on June 17, and this decision was very difficult to make. Art Lab was launched in 2022 as a way to buy, sell, and appreciate high-quality digital artworks through TV, allowing users to purchase by scanning QR codes and completing transactions via LG's cryptocurrency wallet app Wallypto.

ChainCatcher news, Fox reporter Charles Gasparino posted on the X platform that as the price of XRP rises, Ripple CEO Brad Garlinghouse's personal net worth has reached approximately $10 billion; however, Ripple does not seem to have publicly submitted any documents regarding how much the company has earned. After all, Ripple is a traditional business, which will be an issue that Paul Atkins and the U.S. Securities and Exchange Commission need to pay attention to in the future, as these are typically required to disclose financial information under securities law.

ChainCatcher message, QCP Capital's latest analysis points out that it has been exactly one month since the S&P 500 index reached an all-time high, and the market frenzy that once dominated Wall Street and Main Street, along with the narrative of American exceptionalism, has faded. Market sentiment has clearly shifted, and the pressing question now is: "How much longer will this pain last?"The latest victims of the market downturn include some of the largest macro hedge funds, which were forced to stop losses during this month's plunge. Millennium reported losses of $900 million from just two teams, while Brevan Howard's flagship fund has dropped 5% year-to-date, prompting it to impose stricter risk limits on traders. For these traders, the music has not completely stopped, but it is undoubtedly slowing down.The biggest near-term risk is the upcoming April 2 deadline, when Trump is expected to announce a new round of reciprocal tariffs. This remains the most direct resistance facing risk assets. Tonight's Federal Reserve FOMC meeting is likely to keep interest rates unchanged. However, QCP Capital will closely monitor any dovish shifts, particularly regarding changes in growth and inflation expectations. Given that the impact of tariffs takes months to ripple through the economy, the Fed is expected to remain in "wait-and-see" mode. While the tariff decision on April 2 has already been hinted at, it remains a key uncertainty.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, a Hyperliquid whale that shorted BTC at 20x has completely closed all 512.64 BTC short positions this morning, accumulating a profit of 6.21 million dollars over half a month. He opened the 20x short position at the highest point of the BTC rebound on March 3rd (95,824 dollars), with a peak size of 41.9 million dollars, and then started to close positions in batches from March 15th, with the closing range being 82,817 dollars - 84,303 dollars.

ChainCatcher message, according to Ember monitoring, "the 50x giant whale on Hyperliquid" closed long positions on MELANIA and HYPE with a small loss and has re-entered a BTC short position. Currently, with 40x leverage, the short position of 6,210 BTC has transferred a total of 16.75 million USDC into Hyperliquid as margin, which is all the funds in its address.

ChainCatcher news, according to @ai_9684xtpa's monitoring, a "50x leverage whale" opened a 40x BTC short position on Hyperliquid when Bitcoin was at $83,923.2. It is currently closing its BTC short position for profit using a TWAP strategy and has reduced its position by 342.67 BTC through TWAP. The current short position has decreased to $428 million, with an unrealized profit of $3.06 million.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the "Hyperliquid 50x whale" has been closing BTC short positions for profit using a TWAP strategy. So far, it has closed 108 BTC short positions in the past hour and a half. Currently, it still holds 5,500 BTC short positions, valued at $455 million.ChainCatcher note: The TWAP (Time Weighted Average Price) strategy involves splitting large trade orders into several smaller orders and executing them at fixed time intervals, thereby reducing the impact of large orders on market conditions and making the average execution price closer to the actual market price.

ChainCatcher news, according to a report by PR Newswire, the NYSE-listed company Cango has disclosed that it has received a preliminary non-binding letter of intent from Enduring Wealth Capital Limited (EWCL) aimed at acquiring 10 million shares of Class B common stock from the company's co-founders, with the purchase price to be agreed upon by both parties. Additionally, the letter of intent requires Cango's founders to voluntarily convert all of their remaining Class B common stock into Class A common stock and to resign from their positions on the board and as executives.

ChainCatcher news, according to Cointelegraph, analysts say that Bitcoin needs to maintain a closing price above $81,000 this week to avoid further downward volatility ahead of next week's FOMC meeting.Bitget Research Chief Analyst Ryan Lee stated that if Bitcoin's weekly closing price falls below $81,000, it may further adjust to around $76,000 next week. The results of the FOMC meeting scheduled for March 19 could significantly impact Bitcoin investor sentiment.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a whale with 50x leverage on Hyperliquid has closed their position, making a total profit of $80,000 through dual platform and dual line operations.$2.24 million shorted ETH on GMX, quickly closed for a profit of $170,000 after 5 minutes;$2.3 million longed ETH and shorted BTC on Hyperliquid, just closed to withdraw $2.46 million USDC, earning $160,000;$1.5 million longed ETH on GMX, just closed to withdraw $1.24 million, losing $250,000.

ChainCatcher news, Jupiter co-founder Meow posted on the X platform that Jupiter is currently undergoing its third iteration of smart slippage, called RTSE (real time slippage estimator), which supports providing slippage-related signal information, including real-time price data, failure/success rates, etc., to help traders determine the best and safest slippage.

ChainCatcher message, according to on-chain analyst @ai_9684xtpa monitoring, the "Hyperliquid 50x leverage giant whale" has closed its short positions on Hyperliquid and GMX and turned long.Opened a 16.99x ETH long position on GMX, with a position size of 38.7 million USD;Opened a 25x ETH long position on Hyperliquid, with a position size of 16,173.77 ETH, opening price of 1886 USD, liquidation price of 1840 USD.

ChainCatcher news, Zhu Su, co-founder of Three Arrows Capital, stated that the rise of CeDeFi is the biggest negative for Ethereum, as it means that a large amount of business logic that was originally expected to run on distributed networks as open-source smart contracts has actually turned into closed-source code running on a single server.Zhu Su believes that Ethereum needs to embrace use cases that benefit from global distributed computing and anti-censorship characteristics, including some cypherpunk-style applications (such as privacy protection) and yet-to-be-developed low-hanging fruits.He pointed out that if Ethereum itself does not perform well, decentralized finance will find it difficult to rise again, because in a world where validator decentralization and demand for smart contracts are low, people can choose to operate off-chain to save time and money.

ChainCatcher message, on-chain analyst @Checkmatey stated on social media that currently 78% of the ETH/BTC exchange rate is in a downtrend on the daily chart.

ChainCatcher news, U.S. stocks closed on Wednesday, with the Dow Jones Industrial Average initially down 0.2%, the S&P 500 index up 0.49%, and the Nasdaq up 1.2%. Nvidia (NVDA.O) rose 6.4%, Tesla (TSLA.O) rose 7.5%, Walmart (WMT.N) fell 2.6%, and Apple (AAPL.O) fell 1.7%.Among blockchain concept stocks, Strategy (MSTR.O) rose 0.75%, and Coinbase (COIN.O) rose 0.02%.

ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, after 7 hours of continuous small liquidations, Hyperliquid's liquidation address has finally closed the long position of 160,000 ETH (worth $306 million) taken over from the "50x leverage whale on Hyperliquid."Acquired at $1915, the average price for closing was $1895, and the HLP vault ultimately incurred a loss of $3.23 million to digest this long position of 160,000 ETH.

ChainCatcher news, according to The Block, the Axelar Foundation has announced a strategic AXL token sale worth $30 million. The foundation stated on Tuesday that several cryptocurrency investors participated in this token sale, including Arrington Capital, Distributed Global, Electric Capital, Laser Digital, C² Ventures, Plassa Capital, and Wagmi Ventures. However, the foundation declined to disclose the sale price or valuation of the AXL tokens. The Axelar Foundation plans to expand the use of dollars through stablecoins and support the institutional tokenization of real-world assets (RWA) via its interoperability protocol.A spokesperson for the foundation stated that these investments were made "in recent months." "Part of the investment involves purchasing unlocked AXL tokens from the Axelar Foundation's community project allocation, which will be subject to a new lock-up period ranging from six to twelve months." This means that the Axelar Foundation is not the only seller in this transaction. The spokesperson declined to disclose the identities of other sellers. Other sellers may have facilitated the transaction through over-the-counter (OTC) trading, where investors acquired AXL tokens that are already in circulation.According to the foundation's spokesperson, the latest $30 million investment announced by the Axelar Foundation, combined with the previous $100 million raised through multiple rounds of financing and a public token sale, further increases its total investment amount.

ChainCatcher news, according to on-chain analyst Ai Yi's monitoring, after a giant whale opened a long position on ETH with 50x leverage on Hyperliquid, ETH rose to a maximum of $2149 and has now completely closed the position for a profit of $2.15 million in less than 40 minutes.30 minutes ago, he withdrew a total of $4.1 million in cost and profit back to the Arbitrum network. As of now, he has accumulated a profit of $9.28 million through three leveraged trades.