Daily Report | OKX Wallet independent application has been launched on the Google Store; Binance Alpha has listed BUBB and AGON
March 24 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Zhao Changpeng: On-chain trading is not as good as CEX
- OKX Wallet independent app has been launched on the Google Store
- DeFi project WLFI supported by the Trump family buys more MNT, with a portfolio loss exceeding 100 million USD
- Cathie Wood: The U.S. has fallen into a "rolling recession," Ark Invest recently bought the dip in cryptocurrency-related assets
- DWF Labs launches a 250 million USD liquidity fund Liquid Fund
- Binance Alpha lists BUBB, AGON
- OKX will list PARTI (Particle Network)
"What important events happened in the past 24 hours"
Zhao Changpeng: On-chain trading is not as good as CEX
Zhao Changpeng responded multiple times on the X platform regarding previous on-chain contract testing, stating: "On-chain trading is not as good as CEX. My understanding of futures is that you never want others to know your liquidation price." He also indicated: "Decentralization and privacy are two different matters. They can be achieved simultaneously, for example, using zero-knowledge proofs."
Previously, Zhao Changpeng responded to "using BNB to long Mubarak": conducting the first on-chain contract trade to see if there are MEV issues.
OKX Wallet independent app has been launched on the Google Store
Kyle, the Web3 product manager at OKX, announced on social media that the OKX Wallet independent application has officially launched on the Google Store. Users can now directly search for "OKX Wallet" to download and install it, and the App Store is under review.
According to on-chain analyst Yu Jin's monitoring, the DeFi project WLFI supported by the Trump family purchased 3.539 million MNT for 3 million USD just 15 minutes ago, with an average transaction price of about 0.84 USD.
As of now, WLFI has invested approximately 343 million USD in 11 tokens including ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, SEI, AVAX, and MNT, with an overall paper loss of about 109 million USD, resulting in a loss rate of one-third. Some tokens have mutual "lifting" behavior with WLFI.
Cathie Wood, CEO of Ark Invest, stated that the U.S. has fallen into a "rolling recession" (with different industries experiencing recession in rotation).
In an interview with Bloomberg, she said: "We believe we have entered a rolling recession, and in fact, we will see some quarters of negative growth, as the velocity of money is collapsing." She predicts that the collapse of money velocity will trigger 1-2 quarters of negative growth in the U.S. economy, preparing for tax cuts from the Trump administration and interest rate cuts from the Federal Reserve.
Despite her pessimistic view on the short-term outlook for the U.S. economy, Wood revealed that Ark Invest has recently bought the dip in cryptocurrency-related assets such as Tesla, Coinbase, and Robinhood, firmly believing that "technological disruption will bring about healthy deflation."
It is worth mentioning that in early March, Wood stated at Bloomberg's investment conference in New York that the U.S. economy was at the end of a "three-year rolling recession," after which the U.S. stock market would soar. However, she now seems to have changed this view.
DWF Labs launches a 250 million USD liquidity fund Liquid Fund
DWF Labs officially announced the launch of the Liquid Fund, valued at approximately 250 million USD. The fund will provide strategic capital and ecosystem support to ensure the sustainable growth of medium to large token projects, promote real applications, and drive industry transformation.
Investment sizes will range from 10 million to 50 million USD, aiming to accelerate the real growth of a broader cryptocurrency ecosystem.
Binance Alpha lists BUBB, AGON
According to the official page, Binance Alpha has listed BUBB and AGON.
OKX will list PARTI (Particle Network)
According to the official announcement, OKX will soon list PARTI (Particle Network), with the following schedule: PARTI deposit opening time: March 24, 2025, 6:00 PM (UTC+8); PARTI auction time: March 25, 2025, 8:00 PM to 9:00 PM (UTC+8); PARTI/USDT spot trading opening time: March 25, 2025, 9:00 PM (UTC+8); PARTI withdrawal opening time: March 26, 2025, 6:00 PM (UTC+8).
"What are the interesting articles worth reading in the past 24 hours"
One-day drop of 60%: Unveiling the secret trading tactics of AUCTION whales
What kind of trading layout is this? How did the "big players" complete large-scale selling under the "seemingly bullish" situation?
Signet is attempting to remove the proof system and state root to create a minimalist Rollup.
Liquidity continues to tighten, is the bull turning back or is the bull over?
Based solely on the MVRV ratio, ETH is already at bear market levels.
Paradigm: 5 key suggestions for crypto projects hiring BD leaders
An excellent BD leader needs to be able to build sales infrastructure while leading the end-to-end sales process.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of March 24, 19:50:
In the past 24 hours, the top five popular Ethereum tokens are: SPX, DOPE, MEGA, COCORO, BEEBEE
In the past 24 hours, the top five popular Solana tokens are: TRUMP8, PILL, YODA, OTC, PIPE
In the past 24 hours, the top five popular Base tokens are: VIRTUAL, BARIO, AIXBT, BORETT, EURC
