1. Received US$2 billion investment, Binance surrendered to the UAE

The boots of the rumored "Binance seeks to sell" have landed. On March 12, 2025, Binance announced a $2 billion investment (paid in stablecoins) in Abu Dhabi MGX, which acquired a minority stake in Binance. The deal is Binance’s first institutional investment to date and the largest single investment in a cryptocurrency company. Click to read

2.Coinbase stock tokenization When can the "coin stock equal rights" be resolved?

Recently, Coinbase CEO Brian Armstrong said on X that Coinbase is actively exploring the possibility of tokenizing the company's stock. It is reported that Coinbase has conducted preliminary communication with the U.S. Securities and Exchange Commission (SEC) and is studying how to shareholding stocks in tokenized stocks enjoy the same interests as traditional stock holders. Click to read

3. Logical analysis of Binance’s share reduction and MGX investment: valuation, motivation and market impact

As the market gradually cooled down, Binance announced today that MGX had invested in Binance. Based on the objective fact that Binance sold a large number of crypto assets in January, I analyzed the possible investment logic of MGX, the motivation for Binance to reduce its holdings, and the market impact, hoping to provide a logical explanation for a series of events. Click to read

4. Bank of New York Mellon strengthens business dealings with Circle

As banks' attitudes towards cryptocurrencies warm, Bank of New York Mellon (BNY), the oldest bank in the United States, is expanding its services to the stablecoin giant Circle, the latest sign that Bank of America is relaxing access to the cryptocurrency industry in a more friendly regulatory environment. The bank will allow some customers to send money to or receive payments from Circle via BNY to buy or sell Circle's stablecoins, people familiar with the matter said. Previously, Circle's customers had to send money to Circle using small U.S. banks, which could limit the scale of the stablecoin company's growth. Click to read

5. The United States is brewing a recession

On March 10, 2025, the U.S. stock market staged a thrilling plunge. The Nasdaq fell 4% in a single day, setting the largest single-day decline since September 2022; the S&P 500 fell 2.7%, setting its worst single-day performance since December 18, 2024; the Dow Jones closed down 2.08%. Technology stocks lead the decline, former market darling, Nvidia fell 5.1%, so far this yearThe decline is close to 20% (as of the close of March 11); Tesla plummeted by more than 15% on the same day, setting the largest single-day decline in more than four years, and its market value evaporated by US$130 billion overnight. Click to read