Gate Crypto Flash News and Market Updates

Gate News Announcement, March 7 — In response to Curve Finance's allegations that PancakeSwap appears to have used its Stableswap code without permission and borrowed security practices to safeguard user funds, violating open-source license agreements, PancakeSwap issued a statement saying it will directly contact the Curve Finance team to discuss the matter.

Gate News Report, March 7 — On X platform, on-chain analytics platform Arkham announced that a suspected address linked to Sun Yuchen recently deposited $250 million into sUSDS. Currently, the total sUSDS tokens held by this address have exceeded $880 million, and it is estimated that this address can earn approximately $35 million annually.

MicroStrategy, a Bitcoin treasury company, disclosed the holdings of the top ten asset management companies worldwide. Vanguard Group has the largest stake at 8.12%, with a market value of over $3.1 billion. Other major shareholders include Capital Research and BlackRock.

The Trump administration is drafting strict rules requiring AI companies to grant the U.S. government an irrevocable license to use AI for "any lawful purpose" in civilian contracts. This move aims to strengthen AI service procurement, similar to measures the Department of Defense has for military contracts.

Vitalik Buterin proposed on the X platform to replace Ethereum's finality component Casper FFG with Minimmit, claiming it offers better security and recoverability. Minimmit requires only one round of signatures, reducing the fault tolerance threshold to about 17%, which can enhance the network's competitiveness and coordinated recovery ability under attack.

Gate News Report, March 7 — Bloomberg analyst James Seyffart announced on X platform that BlackRock has updated its application documents related to the Ethereum Staking ETF (ETHB). The latest documents show that the staking fee for this product will be adjusted to 10% of staking rewards and may offer tiered fee discounts based on scale. In previous versions of the documents, the staking fee for this ETF was 18% of total staking earnings. This fee reduction is seen as part of BlackRock’s Ethereum product structure optimization.

Gate News Report, on March 7th, on-chain analyst Yu Yan monitored that ParaFi Capital staked 70 million SKY tokens, which were reclaimed yesterday (March 6th), about 4 hours ago, worth approximately $5 million.

This week, the cryptocurrency industry received positive news from Wall Street, but Bitcoin's price fell from $74,000 to $69,000, with a market cap evaporating approximately $110 billion. The strength of the US dollar and macroeconomic factors are putting pressure on risk assets. Short-term holders are taking profits, increasing selling pressure, but the US spot Bitcoin ETF recorded net inflows, indicating an improvement in the funding environment.

The White House released "President Trump's Cyber Strategy," emphasizing cyber offense, defense, and deterrence, and for the first time mentioning the protection of cryptocurrencies and blockchain. The strategy will target transnational cybercrime, expand cyber operation authorities, mobilize the private sector, and promote AI-driven defense systems.

Gate News Report, March 7 — According to Onchain Lens monitoring, a whale address staked 8,208 ETH after being dormant for 1 year, worth $16.85 million. Over the past four years, the whale has spent a total of $16.09 million to accumulate these ETH, currently making a profit of approximately $768,000.

Gate News Report, March 7th, according to Alternative.me data, today the cryptocurrency fear and greed index dropped to 12, indicating the market is in a state of "extreme fear." Yesterday, the index was 18, also in the "extreme fear" zone.

Gate News Report, March 7th, Arkham monitoring shows that approximately 10 hours ago, Grayscale transferred 1628 ETH (worth $3.29 million) and 264.974 BTC (worth $18.31 million) to a certain CEX address.

Gate News Update, March 7 — According to data from the Polymarket website, the probability of the event "Crude oil prices will surpass $100 in March" has surged from a low of 35% yesterday to 76%, with trading volume exceeding $10 million. Previously, JPMorgan stated that even if the passage through the Strait of Hormuz is blocked for only 3-4 weeks, it could force Gulf Cooperation Council member countries to shut down oil production and push Brent crude oil prices above $100 per barrel.

Gate News Announcement: On March 7th, Kaito AI officially launched the Kaito Studio beta on the X platform. The platform adopts a new model that enables brands and creators to achieve more targeted matching based on compatibility, preferences, and expectations. The first batch has integrated 16 partners, and more collaborators will be added gradually once the details are finalized. Previously, the X platform revised its developer API policy, no longer allowing applications that provide rewards for users posting on the X platform (i.e.,

BlackRock's private credit funds have begun restricting withdrawals due to an increase in redemption requests, sparking market concerns over private credit and the DeFi ecosystem. Analysts warn that potential asset impairments or defaults could lead to liquidity tightening, affecting both traditional lending and the crypto market.

Gate News bot message, Gate market display, since launching Alpha, WhiteHouse has increased by 656.01%, current price is 0.0038799 USDT.

OpenAI and Oracle have decided not to proceed with the expansion of their AI data center in Texas, as negotiations stalled due to changes in funding and demand, ultimately falling through. Meta is taking the opportunity to consider leasing data center space, with Nvidia playing a facilitating role.

BitGo announces that its subsidiary, BitGo Bank & Trust, will provide stablecoin infrastructure services for SoFiUSD to support its distribution. SoFiUSD is the first USD stablecoin issued by SoFi Bank on a public blockchain, and BitGo will provide technical and operational support through its platform.

Gate News Announcement, March 7, Bloomberg senior ETF analyst Eric Balchunas revealed that 21Shares launched its first spot Polkadot ETF in the U.S. market today, with a fee of 0.30% and an initial seed capital of approximately $11 million. 21Shares stated in the product description that the uniqueness of Polkadot lies in its aim to connect multiple independent blockchains into an interoperable network, enabling developers to build and operate their own customized blockchains on it.