Gate News bot message, according to the latest Gate TradFi data, USDZAR has risen 2% in the short term, with current volatility significantly higher than recent average levels, indicating increased market activity.

Gate News bot message, Polymarket is exploring a new funding round at approximately $20B valuation. The platform has experienced rapid growth in web traffic, reaching 38.4M monthly visits and ranking #2 among major platforms.

Gate News bot message, a newly created wallet address H2oNAX withdrew 200,000 $SOL, valued at $17.17 million, from a centralized exchange 9 hours ago. The wallet subsequently staked the withdrawn tokens.

SoftBank-backed Japanese cashless payment company PayPay went public on Nasdaq on March 13, with its stock price rising 15.6% on the first day of IPO, reaching a market cap of $12.37 billion. PayPay has 70 million users and is promoting the combination of digital payments and cryptocurrency through acquiring stakes in cryptocurrency exchanges.

Gate News, as of March 12, according to relevant page information, Polymarket displayed on March 13 that the probability of predicting "Backpack token's FDV exceeding $300 million on the first day of listing" is 64%, while the probability of FDV being greater than $500 million is 30%. Previously, Backpack announced that it will conduct a TGE (Token Generation Event) on March 23.

Research firm Santiment found that over the past year, when USDT active addresses on a certain public blockchain surged three times, BTC price rebounded each time, indicating that USDT liquidity has a significant impact on BTC price.

The U.S. Senate passed a housing bill that includes a provision banning the Federal Reserve from issuing a Central Bank Digital Currency (CBDC), with the ban lasting until the end of 2030. The bill's prospects in the House are uncertain, as some members oppose restrictions on the number of properties that large institutional investors can hold, which may affect the bill's progress.

On March 12, Hyperinsight detected a major holder accumulating approximately 95,000 WTI crude oil short positions within 1 hour, with a total value of $9.13 million, increasing their total position value from $14 million to $23.13 million, currently with a floating loss of $764,000.

Gate News Report: On March 12, Ethena announced on March 13 an adjustment to the sUSDe unstaking mechanism. The new mechanism will change the cooldown period from a fixed 7 days since the project's launch to a dynamic model, linked to the amount of liquid stablecoins available in the USDe reserve. According to current reserve conditions, the sUSDe unstaking cycle has been shortened to 1 day. In the future, the cooldown period will dynamically adjust between 1 day and 7 days based on the composition of liquid assets in the USDe reserve.

Gate News reported that on March 12, U.S. Senate Majority Leader John Thune stated that the Senate plans to advance cryptocurrency market structure legislation and licensing-related legislation after completing debate on the (voter identification provisions) of the Save America Act. John Thune said that senators are pushing forward this long-awaited cryptocurrency market structure legislation and indicated that if there is bipartisan willingness to cooperate, the Senate can make progress on multiple issues of shared concern between the two parties. The Save America Act is expected to undergo partisan debate in the Senate next week.