Caixin: China's Digital Currency DCEP Operations and Management Center Exposes Three Scams Including "Brushing Rebate"

March 16 — Per LookOnChain, a newly created address has withdrawn 20,000 ETH from Coinbase, with the cryptocurrency valued at roughly $44.83 million.

March 16 — According to GMGN monitoring (via [link]), Base ecosystem AI token FAI posted a partial uptick this morning. Its market cap peaked at $66 million and currently sits at $62.9 million, marking a 15% gain over 25 hours. FAI is the native token of the Freysa AI project, deployed on the Base chain. Last year, it surged in market cap—hitting a $660 million peak—after a retweet from Elon Musk. BlockBeats advises users that meme coins are highly volatile, relying heavily on market sentiment and speculative trading with no inherent value or use case. Investors should exercise caution amid these risks.

March 16 (Reuters) — Decrypted documents released last Friday reveal that Jerome Powell, Chair of the Federal Reserve, may continue serving as a Fed governor after his chairmanship term ends in May — a precedent-breaking possibility his lawyer raised during a January meeting with the U.S. Department of Justice. The documents stem from a case where the Fed sought to block a Justice Department criminal investigation subpoena related to Powell’s handling of the central bank’s Washington headquarters renovation. Last Friday, a district court judge ruled in the Fed’s favor, quashing the subpoenas. In opposing the Fed’s motion, a DOJ attorney noted that at a Jan. 29 meeting, Powell’s lawyer told U.S. District Attorney Jeannine Pirro: “The Chair believes that if he remains under investigation, he will not leave the Fed Board even if his term expires; while he cannot say the reverse, his public image would shift if the investigation ends, allowing him to make family-focused decisions fre

As of March 16, Coinglass data shows the crypto market extended last week’s rebound this morning, entering an accelerated uptrend. At press time, Bitcoin briefly topped $74,000 and was last trading at $73,633.85. Ethereum currently trades at $2,236.33, up 6.8% over the past 24 hours. Amid the sharp market rebound, funding rates on major centralized (CEX) and decentralized (DEX) exchanges signal market sentiment has shifted to neutral. Funding rates for key mainstream coins are detailed in the attached image. **BlockBeats Note**: Funding rates are fees set by crypto exchanges to balance contract prices with underlying asset prices, typically applied to perpetual contracts. They’re a fund transfer mechanism between long and short traders—exchanges do not charge this fee. The rates adjust the cost or profit of traders holding contracts to keep contract prices aligned with underlying asset values. - A 0.01% funding rate is the baseline. - Rates above 0.01% signal broadly bu

On March 16, per Coinglass data, nearly $116 million in positions were liquidated across the entire network in one hour—with $113 million of that from short positions.

On March 16, per HTX market data, Bitcoin briefly topped $74,000, last trading at $73,882.58 with a nearly 2% gain over the past hour.