earnings

Binance: Delisting market makers for misconduct in GPS and SHELL, and confiscating their related earnings

According to ChainCatcher's message and Binance's announcement, Binance discovered that a market maker (hereinafter referred to as "market maker") responsible for GoPlus Security (GPS) was also responsible for the market-making activities of the MyShell (SHELL) project during an investigation.To better protect Binance users, Binance has taken the following additional measures against the misconduct of this market maker:The market maker has been delisted and prohibited from conducting any further market-making activities on Binance;The relevant earnings of the market maker have been confiscated and will be used to compensate users of the GPS and SHELL projects (the detailed compensation plan will be determined and announced by the relevant project teams).ChainCatcher previously reported that, according to Binance's announcement, the recent abnormal price of GPS was directly caused by a certain market maker. The market maker sold approximately 70 million GPS from March 4, 2025, 13:00 (UTC) to March 5, 2025, 9:55 (UTC).During the aforementioned period, the market maker did not place any buy orders. After spot trading began, the market maker continued to sell tokens, becoming the largest beneficiary, with profits of about 5 million USD. While Binance conducts an in-depth follow-up investigation into this matter, the market maker's account has been temporarily frozen.

4E: Walmart's earnings warning drags down US stocks, while the crypto market rebounds

ChainCatcher news, Walmart's earnings guidance was below market expectations. As an important barometer of U.S. consumer spending, its slowing growth signals have raised investors' concerns about stagnation in consumer spending. According to 4E monitoring, the three major U.S. stock indices collectively fell on Thursday. Walmart's stock plummeted by 6.53%, dragging the Dow down by 1.01%, marking the largest single-day drop in nearly five weeks; the S&P 500 index fell by 0.43%, and the Nasdaq dropped by 0.47%, with large tech stocks generally under pressure.The cryptocurrency market has remained sluggish since February, with pessimistic sentiment once prevailing. However, after Bitcoin fell to a previous low of $93,000 on Tuesday, the price has continued to rebound as the market seems to gradually digest the impact of Trump's tariff policies and optimistic expectations for a resolution to the Russia-Ukraine conflict. As of now, Bitcoin is priced at $98,146, up 1.2% in the last 24 hours. The altcoin market has also shown signs of recovery, especially with newly launched coins experiencing significant increases, leading to a notable improvement in market sentiment.In the forex commodities sector, influenced by both the tariff plan and economic data, the U.S. dollar index fell by 0.7%; a decline in U.S. fuel inventories and a weaker dollar provided support for oil prices, which have risen for three consecutive days; safe-haven demand pushed spot gold to touch a historic high of $2,954, before the increase narrowed to 0.22%.U.S. stocks retreated on Thursday from record highs after several days of gains, with weak retail earnings reports coupled with U.S. unemployment claims data intensifying concerns about declining consumer confidence and the economic impact of tariff policies, leading traders to generally maintain a cautious stance.

Michael Saylor: The accounting rules coming into effect next year may enable MicroStrategy to meet the S&P 500 earnings requirements

ChainCatcher news, according to Barrons, MicroStrategy Chairman Michael Saylor did not explicitly state whether the company might be included in the S&P 500 during a recent interview, but he mentioned that, given the optimistic outlook on Bitcoin, MicroStrategy could report billions of dollars in quarterly net income next year due to the increase in the value of its Bitcoin holdings. The accounting rule changes set to take effect in 2025 may allow MicroStrategy to meet the profitability requirements for joining the S&P 500.It is reported that MicroStrategy's traditional software business (its main business before it began acquiring Bitcoin in large quantities in 2020) is relatively small, with a valuation of only about $1 billion. Additionally, this business is currently operating at a loss according to GAAP (Generally Accepted Accounting Principles), making it difficult to meet the inclusion requirements for the S&P 500 index based solely on this. The upcoming accounting rules will adjust the company's Bitcoin holdings from their current undervalued state to fair market value, potentially leading to significant net income growth when Bitcoin prices rise. However, the S&P Global Index Committee decides on S&P 500 index members by invitation, reviewing profitability, market capitalization, and other factors.

Network3 mining machine ranks first in both daily earnings and payback period on Depinscan

ChainCatcher news, recently, the Edge v1 miner launched by the decentralized edge artificial intelligence infrastructure platform Network3 has achieved remarkable results. According to the latest data from Depinscan, the daily earnings of the Network3 miner have reached a new high, shortening the payback period to 71 days. This has secured its top position in both the payback period ranking and daily earnings ranking, showcasing its strong ecological potential and user value. Meanwhile, reliable sources have revealed that Network3 will launch a large TGE airdrop event, and the final round of Pre-TGE financing is about to be completed.The Network3 miner provides a stable source of income for global users by supporting AI data processing and computing tasks. With the number of nodes exceeding 542,827, distributed across 188 countries and regions, the efficiency of Network3's decentralized network continues to improve. This ranking further proves its leading position in the decentralized AI infrastructure field.Network3 has secured $5.5 million in investments, with investors including top institutions such as Borderless, EV3 Labs, IoTeX Eco Fund, Mask Network, Bing Venture, Waterdrip Capital, SNZ, and Candaq. The team is actively expanding the influence of Network3, with N3E points redemption and staking activities set to launch soon, and TGE will take place in the near future.
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