Gate News Report, March 11, the midpoint rate of the RMB against the US dollar (the official exchange rate benchmark published daily by the People's Bank of China) rose by 65 basis points to 6.8917, appreciating to the highest level since April 25, 2023.

In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $365 million, with long positions liquidated at $157 million and short positions at $207 million. BTC and ETH were liquidated at $132 million and $70.34 million respectively, with a total of 92,499 people liquidated. The largest single liquidation was $8.083 million.

The AI platform for lawyers, Legora, completed a $550 million Series D funding round on March 10, with Accel leading the investment and several well-known investment institutions participating. Legora focuses on integrating into clients' workflows and currently has 800 law firms using its platform. It plans to open more offices in the future, with a total staff expected to exceed 300 people.

Gate News Report, March 10 — On the 10th, Iran's Supreme National Security Council Secretary Ali Shamkhani responded on social media to U.S. President Trump's threatening remarks, stating that the Iranian people are not afraid of threats. Shamkhani said, "The Iranian people do not fear your (the U.S. and Israel) hollow threats. Even forces stronger than you have failed to eliminate the Iranian nation." Previously, on the 9th, Trump threatened that if Iran took any action to block oil transportation through the Strait of Hormuz, the U.S. would impose a "20 times more severe" strike than before.

Gate News reports that on March 10th, Procurator-General Yin Yong of the Supreme People's Procuratorate delivered a work report to the Fourth Session of the 14th National People's Congress. The report states that by 2025, prosecutorial agencies will intensify efforts against money laundering, prosecuting 3,259 individuals for crimes involving virtual currencies, underground banks, and other methods. Additionally, efforts will be made to lawfully punish telecommunications and online fraud crimes, with 69,000 people prosecuted.

Gate News Announcement, March 10 — Xiaohongshu Shuguanjia announced that Xiaohongshu is committed to maintaining the authentic nature of the community and strictly prohibits any behavior that uses technical means to simulate real people, create inauthentic content, or engage in false interactions. The platform will regulate accounts operated under AI hosting mode. The announcement also calls on creators to use AI tools responsibly and to continue sharing genuine experiences and feelings through real people. The platform encourages users to report suspected AI-hosted accounts or related content via the report button.

In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $337 million, including $139 million in long positions and $198 million in short positions. Bitcoin and Ethereum experienced corresponding liquidations, affecting a total of 82,853 people worldwide, with the largest single liquidation amounting to $8.083 million.

The Russian "All-Russian People's Front" warns that scammers are forging donation documents to induce supporters of Iran to donate cryptocurrencies, claiming that the funds will be used to aid Ukrainian soldiers. The organization reiterates that all crypto fundraising activities in its name are scams, and legitimate donations can only be made through official website bank transfers. Meanwhile, Russian security agencies are stepping up efforts to combat related criminal activities. Cryptocurrencies are becoming increasingly important in the political and military funding flows in the Middle East, posing new security challenges for users.

The Supreme People's Court of China is drafting policy documents regarding legal issues related to AI-generated works copyright and large model training, clarifying rules for originality recognition and the responsibilities of service providers. Taking the "Ultraman case" as an example, the court ruled that the AI platform must cease infringement and bear responsibility.

Gate News Report, March 10 — According to Gate market data, at the time of press, ROBO (Fabric Protocol) is trading at $0.05, up 15.99% in the past 24 hours, reaching a high of $0.06 and a low of $0.04. The 24-hour trading volume is $76.2 million. The current market capitalization is approximately $109 million, an increase of $15 million from yesterday. Fabric Foundation is an independent non-profit organization dedicated to advancing open robotics and general artificial intelligence development. The organization focuses on building governance, economic, and coordination infrastructure to ensure humans and intelligent machines can collaborate safely and efficiently. Its mission is to ensure that intelligent machines expand human opportunities, stay aligned with human intentions, and benefit people worldwide. Fab