Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

On March 10, The Block reported that Starknet is developing a new privacy feature to let teams launch privacy-preserving stablecoins and other assets while staying compliant. Dubbed the STRK20 framework, the tool is built by StarkWare and set to deploy on Starknet later this year. The framework aims to provide token-level privacy for assets on Starknet—keeping transactions and balances confidential—while remaining compatible with decentralized finance (DeFi) apps. Per the team, Starknet’s solution will support ERC-20 tokens, the standard for most fungible assets on Ethereum.

On March 10, official sources confirmed that Advanced Machine Intelligence Labs (AMI Labs)—an AI firm founded by Yann LeCun, Meta Platforms’ former Chief AI Scientist—has closed a $1.03 billion funding round (approximately €890 million). The round was led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions, with participation from global investors and angel backers worldwide, valuing the French company at $3.5 billion. Meta did not participate in this funding round; LeCun characterizes the tech giant as a "partner but not an investor." Yann LeCun stated that AMI Labs will build an AI system with intelligence comparable to that of an adult human—one capable of reasoning, planning, understanding the physical world, and learning autonomously from very few samples.

March 10 Per Hyperinsight monitoring (via Telegram @HyperInsight), the whale address starting with 0xcac has recently shifted its holding strategy significantly. Previously, the address ran neutral arbitrage: selling BTC spot while closing short positions, or buying spot while adding shorts, to profit from funding rate spreads. After BTC prices dropped below $73,000, the whale began unhedged, one-way short position additions. It now holds ~$11 million in BTC and ETH spot positions, while total short positions have expanded to $34.9 million. Key positions include: - 20x BTC Short: $15.7M position size, $89,900 average entry, $4.3M unrealized profit (548%), $1.76M in funding rate settlements - 10x HYPE Short: $11.8M position size, $33.6 average entry, $0.45M unrealized loss (-38%), $0.35M in funding rate settlements - 20x ETH Short: $7.04M position size, $4,011 average entry, $6.64M unrealized profit (1886%), $1.35M in funding rate settlements

On March 10, the National Internet Emergency Response Center issued a security risk warning for the OpenClaw application. The app is granted high system privileges—including access to local file systems, reading environment variables, calling external service APIs, and installing extensions. However, its default weak security configuration creates a critical vulnerability: attackers who exploit a flaw can easily take full control of the affected system. Previously, improper installation and use of the OpenClaw agent have led to key security risks, such as: - Prompt Keyword Injection; - Misoperation risks; - Malicious function plugins (skills); - Security vulnerability risks. Relevant organizations and individual users are advised to implement the following security measures when deploying or using OpenClaw: 1. Strengthen network access controls; 2. Enhance credential management; 3. Strictly vet plugin sources and disable auto-update functionality; 4. Continuous

March 10th — Perpetual contract trading volume for traditional assets like crude oil surged, per DefiLlama data. Oil price volatility and the 24/7 availability of U.S. stock trading drew massive capital into the HIP-3 market. Hyperliquid’s trading volume rebounded sharply, hitting ~$100.8 billion (a recent high) — well above other platforms, which saw varying gains but none exceeding $3 billion. Below are the top Perp DEXs by 24-hour trading volume, plus their TVL and open interest (OI): - [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD): ~$100.8B 24h volume | ~$44.7B TVL | ~$60.8B OI - [Aster](https://www.asterdex.com/zh-CN/referral/aboter): ~$27.3B 24h volume | ~$9.83B TVL | ~$21.7B OI - EdgeX: ~$25.4B 24h volume | ~$1.78B TVL | ~$10.6B OI - [Lighter](https://app.lighter.xyz/?referral=70045843): ~$22.3B 24h volume | ~$6.28B TVL | ~$6.42B OI - Grvt: ~$13.7B 24h volume | ~$1.07B TVL | ~$4.81B OI - [Pacifica](https://app.pacifica.fi/?referral=pacbot): ~$5.71B 24h vol

On March 10, U.S. President Trump said he may hold talks with Iran. (Xinhua)