Important information from last night and this morning (March 16-March 17)

Analyst: The crypto community has launched a "whale hunting operation" against the "Hyperliquid 50x whale"

According to the X post by on-chain analyst @ai_9684xtpa, a "whale hunting operation" targeting the 50x leveraged whale of Hyperliquid has begun. ①11 hours ago, Twitter user @Cbb0fe posted a post to recruit a "hunting team", saying: If you are willing to work hard with this guy, send me a private message. We are building a team and we already have a good scale. ②Only half an hour later, Justin Sun joined. ③The sudden rise of BTC at 12 o'clock last night seemed to be the "masterpiece" of the whale hunting team, which instantly wiped out the 6 million floating profit of the 50x whale and even lost 2 million, forcing him to increase the margin of 5 million USDC. However, this hunt has temporarily ended with this bitter victory. At present, BTC has fallen back below $83,000, and its position has again made a floating profit of $5.36 million.

Trump's ex-wife calls on the US president to "drop the lawsuit against Roger Ver"

According to Bitcoin.com, last Sunday, Marla Maples, the second wife of US President Donald Trump, posted on the social media platform X, calling on Trump and his team to drop the lawsuit against early Bitcoin investor Roger Ver. The video about Roger Ver's philanthropy was widely circulated on the Internet, and the disseminators included Ryan Fournier, co-founder of "Students for Trump". Last week, a group of international supporters released a video showing Roger Ver's philanthropy. Trump's ex-wife Marla Maples forwarded Fournier's post to her 61,500 followers on the X platform on Sunday. Maples added: "Share more about calling for the withdrawal of the prosecution of Roger Ver." She mentioned US Attorney General Pam Bondi, White House Counsel Dave Warrington, Elon Musk, and President Trump's @realDonaldTrump X account in the message. Roger Ver was arrested in Spain in May last year and was charged by the United States with suspected mail fraud, tax evasion and filing false tax returns. He is known as "Bitcoin Jesus" online and is the former CEO of digital wallet developer Bitcoin.com.

“Hyperliquid 50x Whale” is closing BTC short positions to take profits through the TWAP strategy, and has closed 108 BTC short positions

According to the monitoring of on-chain analyst Yu Jin, "Hyperliquid 50x Whale" has been closing BTC short positions to take profits through the TWAP strategy. Currently, 108 BTC short positions have been closed in the past hour and a half. Currently, 5,500 BTC short positions are held, worth $455 million. PS: The TWAP (time-weighted average price) strategy is to split large transaction orders into several small orders and execute them at fixed time intervals, thereby reducing the impact of large orders on market conditions and making the average transaction price closer to the actual market price.

Baidu releases two large models, benchmarking DeepSeek and focusing on multimodality

According to China Business News, on March 16, two years after the official release of Wenxin Yiyan, Baidu released the multimodal large model Wenxin 4.5 and Wenxin X1, which is comparable to DeepSeek. Wenxin Large Model 4.5 was launched on Baidu Smart Cloud Qianfan Large Model Platform, with an input price of 0.004 yuan/thousand tokens; Wenxin Large Model X1 input price is 0.002 yuan/thousand tokens, which is half of DeepSeek R1. In addition, Li Yanhong revealed in an internal speech this year that Baidu will release version 5.0 of the Wenxin Large Model in the second half of the year and increase the commercialization of AI applications. Next, Baidu will officially open source the Wenxin Large Model on June 30. Through Baidu's native multimodal large model Wenxin 4.5, users can upload files including documents, pictures, audio, and video for AI to interpret. Wenxin Big Model X1 is a deep thinking model. The key technologies used include progressive reinforcement learning, end-to-end training based on thought chain and action chain, and a multi-unified reward system. Baidu claims that its performance is comparable to DeepSeek-R1 and has a "long thought chain". The reporter experienced that in addition to online search, it has added multimodal capabilities and multi-tool calls, can understand and generate images, and call tools to generate code, charts, etc. Currently, DeepSeek-R1 supports only text recognition for uploaded attachments.

BTC broke through $83,000, down 0.37% on the day, ETH broke through $1,900, up 0.33% on the day

OKX market data shows that BTC has just broken through $83,000 and is now trading at $83,012.10 per coin, down 0.37% on the day. ETH has just broken through $1,900 and is now trading at $1,901.28 per coin, up 0.33% on the day.

South Korea's central bank: Never considered adding Bitcoin to foreign exchange reserves

According to the Korea Economic Television, the Bank of Korea has made it clear that it has "never considered including Bitcoin in its foreign exchange reserves." In response to a written inquiry from Cha Gwi-geun, a member of the National Assembly and a member of the Planning and Finance Committee, the Bank of Korea said on the 16th, "We believe that the issue of including Bitcoin in foreign exchange reserves needs to be treated with caution." This is the first time that the Bank of Korea has expressed its position on the issue of Bitcoin reserves. The first reason for the Bank of Korea's negative attitude is the high volatility of Bitcoin prices. In response, the Bank of Korea pointed out that "if the virtual asset market becomes unstable, Bitcoin may face the risk of a sharp increase in transaction costs during the cash conversion process." In addition, the Bank of Korea also stated, "We believe that Bitcoin does not meet the International Monetary Fund (IMF)'s foreign exchange reserve calculation standards." For these reasons, the Bank of Korea replied, "So far, we have never discussed or considered including Bitcoin in our foreign exchange reserves." The Bank of Korea also added, "It is understood that some countries such as the Czech Republic and Brazil have a positive attitude towards this, but the European Central Bank (ECB), the Swiss National Bank and the Japanese government have all expressed opposition."

US spot Bitcoin ETF reduced its holdings by 55,348 Bitcoins in just 35 days, worth $4.58 billion

According to Bitcoin.com, the latest data shows that US spot Bitcoin ETFs have reduced their Bitcoin holdings by 4.76% since February 6, 2025. From January 1 to February 6, these funds added approximately 56,802.86 Bitcoins to their balance sheets, but in the past 35 days, their holdings have decreased by 55,348.00 Bitcoins. As of March 14, the total value of Bitcoin held by these funds was US$93.25 billion, accounting for approximately 5.6% of the total market value of Bitcoin. BlackRock's IBIT consolidated its leading position with a net inflow of US$39.24 billion and a holding of 568,559.37 Bitcoins. Fidelity's FBTC followed closely behind in second place, with a total inflow of US$11.25 billion and a holding of 194,269.83 Bitcoins. Meanwhile, Grayscale's GBTC, despite recording a net outflow of $22.5 billion, still ranks third with 193,870.05 bitcoins. These three giants - IBIT, FBTC and GBTC - together account for 85.26% of the 1.121 million bitcoins held by the entire ETF group. Although there are currently 12 spot Bitcoin ETFs operating in the market, a 13th competitor may join the competition. On February 14, Osprey Funds submitted a draft registration form S-1 for its Osprey Bitcoin Trust (OBTC) to the U.S. SEC. As of March 16, 2025, OBTC has not yet been approved by the SEC, but according to timechainindex.com, the fund already holds approximately 1,934 bitcoins, worth up to $160 million.

US Treasury Secretary: No guarantee that the US will not fall into recession

According to Jinshi, after US President Trump refused to guarantee that the US economy would not experience negative growth last weekend, the US Treasury Secretary also said in an interview on Sunday (16th) that there was no guarantee that the US economy would not fall into recession. However, Bessant ruled out the possibility of a financial crisis in an NBC interview. When asked if he could guarantee that there would be no recession during Trump's administration, Bessant replied: "There is no guarantee. (Just like) who could predict the new crown epidemic?" Bessant said he was pursuing a prudent policy that would last, saying that the country needed to gradually get rid of what he called massive government spending. When asked whether the adjustment would lead to a recession, Bessant said: "There is no reason why it has to be so." Bessant refuted people's concerns about the recent decline in US stocks, saying that the correction in the stock market was healthy and that if the government implemented good tax policies, relaxed regulations and energy security, the market "would be in good shape."

The BTC short position of “Hyperliquid 50x Whale” has made a profit of 8.3 million USD, and it opened a long position of 3.39 million MELANIA half an hour ago.

According to the on-chain analyst Yu Jin, the sudden rise of BTC last night did not liquidate the "Hyperliquid 50x Whale", and now the BTC price has fallen back to around $82,000. Therefore, the whale's BTC shorting has now made a floating profit of $8.3 million: the number of BTC shorted is as high as 5,608, worth $460 million. The cost price is $83,923 and the liquidation price is $85,803. In addition, he opened a long position of 3.39 million MELANIA (about $2.4 million) at a price of $0.69 an hour and a half ago.

Mini game platform PlaysOut completes $7 million seed round of financing, with participation from OKX Ventures and others

According to Financial Tech Times, mini-game platform PlaysOut has completed a $7 million seed round of financing at a valuation of $70 million. OKX Ventures, KBW Ventures, and Pacific Century Group participated in the investment. The financing enables the company to focus on three key tasks: expanding its mini-game ecosystem, securing strategic partnerships, and penetrating high-growth markets in the United States, the Middle East and North Africa, and Asia. According to reports, PlaysOut is a mini-game platform that helps developers publish mini-games on platforms such as Telegram, Discord, and YouTube by embedding infrastructure such as blockchain functions. PlaysOut is preparing to launch its embedded SDK in May, allowing developers to build and deploy games more easily.

BTC breaks through $85,000, up 2.07% on the day

The OKX market data shows that BTC has just broken through $85,000 and is currently trading at $85,038.30 per coin, with a daily increase of 2.07%.

The 50x leveraged whale on Hyperliquid increased its holdings by 100 BTC, with a current floating profit of $3.05 million

According to monitoring by @ai_9684xtpa, a 50x leveraged whale on Hyperliquid increased its holdings by 100 BTC. The current total position value has reached US$376 million, with a floating profit of US$3.05 million: - Positions: 4522.84 - Opening price: US$84,018.8 - Liquidation price: US$85,504 In addition, the whale also placed a limit buy order for 1,551 BTC at US$68,774 to stop profit.

Analyst: The bull market may return in June, and the median target price of Bitcoin is expected to reach $126,000

According to Cointelegraph, Bitcoin has fallen 30% since it peaked in mid-January, but network economist Timothy Peterson believes that the bull market may make a comeback. He said: "Bitcoin is currently trading near the lower end of its historical seasonal range. Bitcoin's annual performance almost all occurs in two months: April and October, which means that Bitcoin is entirely likely to hit a record high before June, with an estimated median target price of $126,000."

Lazarus Group now owns approximately 13,562 BTC, pushing North Korea’s Bitcoin holdings above those of El Salvador and Bhutan

According to News.bitcoin, after hacking Bybit, the hacker group Lazarus Group began to convert some of the stolen assets into Bitcoin. Data shows that the group now owns 13,562 BTC, worth about $1.14 billion. This has also caused North Korea's Bitcoin holdings to continue to rise. It has now surpassed El Salvador (6,117 BTC) and Bhutan (10,635 BTC), becoming the third largest government entity in the world in terms of Bitcoin holdings, second only to the United States (198,109 BTC) and the United Kingdom (61,245 BTC).

Data: MRS, FTN, QAI and other tokens will be unlocked in large amounts next week, of which MRS unlocked value is about 97.4 million US dollars

According to Token Unlocks data, MRS, FTN, QAI and other tokens will be unlocked in large amounts next week, including: Metars Genesis (MRS) will unlock 10 million tokens at 8:00 am Beijing time on March 23, which is 11.87% of the current circulation and worth approximately US$97.4 million; Fasttoken (FTN) will unlock 20 million tokens at 8:00 am Beijing time on March 18, which is 4.65% of the current circulation and worth approximately US$79.8 million; QuantixAI (QAI) will unlock approximately 566,000 tokens at 8:00 am Beijing time on March 18, which is 3960.24% of the current circulation and worth approximately US$41.4 million; MANTRA (OM) will unlock 5 million tokens at 8:00 am Beijing time on March 23, which is 0.51% of the current circulation and worth approximately US$32.8 million; Polyhedra Network (ZKJ) will unlock about 15.53 million tokens at 8:00 a.m. on March 19th, Beijing time, accounting for 25.72% of the current circulation and worth about 31.8 million U.S. dollars; SPACE ID (ID) will unlock 78.49 million tokens at 8:00 a.m. on March 22nd, Beijing time, accounting for 18.23% of the current circulation and worth about 19.3 million U.S. dollars; Melania Meme (MELANIA) will unlock 26.25 million tokens at 8:00 a.m. on March 18th, Beijing time, accounting for 17.50% of the current circulation and worth about 17.6 million U.S. dollars; Immutable (IMX) will unlock 24.52 million tokens at 8:00 a.m. on March 21st, Beijing time, accounting for 1.39% of the current circulation and worth about 13.4 million U.S. dollars; ApeCoin (APE) will unlock 15.6 million tokens at 8:30 p.m. on March 17th, Beijing time, accounting for 1.95% of the current circulation and worth about 8 million U.S. dollars; Murasaki (MURA) will unlock 10 million tokens at 8:00 a.m. Beijing time on March 23, which is 1.00% of the current circulation and worth approximately US$7.4 million; Solv Protocol (SOLV) will unlock approximately 117 million tokens at 6:00 p.m. Beijing time on March 17, which is 7.93% of the current circulation and worth approximately US$5 million.

The floating profit of the number one address on the mubarak list increased to 1.2 million US dollars, with a return rate of 1058 times

According to @ai_9684xtpa's monitoring, due to the test purchase of CZ's donation address, the market value of mubarak has reached a new high again. The floating profit of the number one address 0x970...0a710 has grown to 1.2 million US dollars, with a return rate of 1058 times.

The 25x short ETH whale on Hyperliquid has a floating profit of more than $90 million

On-chain data monitoring shows that the 25x short ETH whale on Hyperliquid currently has a floating profit of more than 90 million US dollars. The whale holds about 76,600 ETH, worth about 144 million US dollars. The opening price is about 3058 US dollars, and the liquidation price is about 3195 US dollars.

Cango reveals it has received a preliminary non-binding letter of intent to sell its domestic business

According to PRNewswire, Cango, a NYSE-listed company, disclosed that it had received a preliminary non-binding letter of intent from Enduring Wealth Capital Limited (EWCL) to acquire 10 million Class B common shares from the company's co-founders at a price agreed upon by both parties. In addition, the letter of intent also requires Cango's founders to voluntarily convert all remaining Class B common shares held by them into Class A common shares and resign from the board of directors and senior management positions. In addition, EWCL suggested that Cango sell its existing domestic business and is willing to introduce potential buyers to promote overseas business growth, especially its newly launched cryptocurrency mining business.

Analyst: BTC's four-year halving cycle is still an important factor affecting price trends, and the current key support range is $72,000-73,000

According to Cointelegraph, although investors are generally concerned about the current adjustment, Bitcoin's historical bull market cycle is still intact, and the current situation may only be a temporary "shock" before the next round of rise. Bitfinex analysts pointed out that several key technical indicators have turned bearish, leading people to speculate that the bull market cycle may end prematurely. Despite this, Bitcoin's 4-year cycle is still an important factor, which historically affects price trends. Past trends show that it is not the beginning of a long-term bear market yet. $72,000-73,000 is still a key support range. Global Treasury yields and stock trends may determine the next major trend of Bitcoin.

CZ suspected response to the purchase of TST and mubarak: do some testing on the weekend

Binance co-founder CZ posted a message on Binance Square in apparent response to the purchase of TST and mubarak. He wrote: Do some testing over the weekend.

CZ spent 1 BNB each to buy 9161 TST and 20155 mubarak in the past 15 minutes

According to @ai_9684xtpa's monitoring, CZ spent 1 BNB each to buy 9,161 TST and 20,155 mubarak, worth $1,200, in the past 15 minutes. Affected by this, TST and mubarak both rose to varying degrees.

The 40x leveraged Bitcoin short position of "Hyperliquid's 50x leverage whale" currently has a floating profit of $1 million

According to on-chain analyst Yu Jin’s monitoring, the 50x leveraged whale on Hyperliquid has held its BTC short position for more than a day, and he has just added another 2.5 million USDC in margin to increase his BTC short position. He is now using 11.75 million USDC in margin to open a BTC short position worth $370 million on Hyperliquid with 40x leverage, with an opening cost of $84,043 and a liquidation price of $85,596. The current floating profit is $1 million.

Uber’s early investor: BTC will not be replaced as a value transfer protocol, but the market is monopolized by some giants

According to Cointelegraph, Jason Calacanis, an early investor in Uber and Robinhood and a well-known angel investor, wrote on the X platform that the Bitcoin market has been monopolized by some giants, and now is the best time to create a better Bitcoin, and "the game needs to be restarted." However, Jason Calacanis's views seem to have caused different opinions in the industry. Brady Swenson, co-founder of Swan Bitcoin, said that Bitcoin is a technological revolution that changes all industries, rather than following the adoption curve of a single technology like the iPad. Bitcoin will never be replaced as a value transfer protocol, but the competition for the second-layer protocol continues.

A savvy trader with accumulated profits exceeding $34 million is shorting BTC and ETH, boasting a 91% win rate over the past 8 months.

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