On March 11, Zeta Network announced its plan to raise 10 million USD via a securities purchase agreement. The first 6 million USD tranche has already been secured, with the remaining funds due by May 12, aimed at advancing their Bitcoin-centered institutional financial services.
Archives: Fast News
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Hyperliquid launches HIP-4 on testnet, introduces BTC and HYPE one-day binary prediction market
On March 11, Hyperliquid officially launched HIP-4 on its testnet, introducing periodic binary options that rely on the HyperCore mark price.
The market’s outcome contracts are fully collateralized, operate within fixed price ranges, and include non-linear payouts. A one-day binary market for BTC and HYPE is on the roadmap.
Future updates will expand to multi-outcome markets and transition portfolio margin from the pre-alpha to alpha stage, accessible to accounts with trading volumes above 5 million USD.
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U.S. Authorities move to seize 3.44 million USDT amid fraud investigation
The investigation targets fraud against residents in four states, involving misleading communications that led victims to believe they were investing in exclusive Ethereum opportunities.
Victims’ investments were converted into USDT and transferred illicitly. The seized USDT is intended to allow victims to reclaim their lost assets through civil forfeiture lawsuits.
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Ethereum’s scarcity index on Binance turns positive as supply exits the exchange
Ethereum’s scarcity index on Binance is showing positive signals as holders move ETH off the exchange. The metric, which measures the balance between inflows and outflows, suggests declining supply on the platform. This pattern historically correlates with reduced selling pressure, as coins held in personal wallets are less likely to be traded immediately compared to those on exchanges.
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32% of US Gen Z show interest in crypto, according to Northwestern Mutual survey
A Northwestern Mutual survey found that roughly one-third of US Gen Z respondents favor cryptocurrency, with interest levels comparable to sports betting and prediction markets. The data reflects growing openness toward digital assets among younger demographics, though adoption patterns vary across different investment vehicles.
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Multicoin Capital: The future of cryptocurrency adoption lies in the internet labor market
Multicoin Capital suggests that the next wave of cryptocurrency adoption will stem from users earning crypto assets via work contributions, rather than direct purchases.
The blockchain infrastructure can automate job verification, improving payment efficiency. As AI progresses, new opportunities may arise for collaboration in data-related tasks.
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Oil price decline fails to deter whales from opening long positions in futures
On March 11, data revealed that whales, including ‘0x547’ and ‘0x0e0’, are opening long positions in crude oil futures despite declining prices. Whale ‘0x547’ leveraged 20x in CL and 10x in HYPE, while another wallet added 5 million USDC for a 1x long in CL.
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32% of US Gen Z prefer cryptocurrency, comparable to interest in sports betting and prediction markets
According to Northwestern Mutual, 32% of US Gen Z consumers favor cryptocurrency, indicating a rising trend in digital finance among the youth.
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US SEC and CFTC collaborate on regulatory coordination
The SEC and CFTC are working on a memorandum to enhance their cooperation and streamline communication through joint meetings.
Chairman Atkins emphasized the need to prevent companies from facing confusion between the two agencies and ensure clear guidance is provided.
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Paxos and Global Dollar inject $150k into USDG market
Paxos and Global Dollar have begun streaming $150,000 into the USDG market over the next five weeks. The injection is expected to improve real-world asset yields on Pendle, a yield farming protocol that aggregates RWA opportunities across DeFi platforms.