A Chinese Hacker Team's Internal Strife Self-exposure, Revealing They Once Stole Around $7 Million in Cryptocurrency
March 17 — A Chinese hacker group had an internal rift over dividing stolen funds, with a member coming forward to reveal they stole roughly $7 million in cryptocurrency via supply chain attacks targeting platforms including Trust Wallet, per a post from the "Internet Intelligence Institute" public WeChat account.
The group operated publicly under the guise of Wuhan Anjun Technology, a cybersecurity firm offering vulnerability research, network defense, and security services. Internally, however, it engaged in illegal activities involving cryptocurrency theft and dark web operations. Members exploited Electron client vulnerabilities, reverse-engineered plugins, and used automated tools to mass-scan mnemonic phrases and target assets across blockchains like Ethereum, BNB Chain, and Arbitrum.
The informant said the team built tools to bulk-scan mnemonic phrase assets, used remote access tools to steal wallet data, transferred funds, divided proceeds, and laundered assets. The attac
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Arbitrum 2025 Transparency Report: Institutional On-chain Acceleration, RWA Scale Surpasses $800 Million
On March 17, the Arbitrum Foundation released its 2025 Transparency Report, noting that 2025 has emerged as a pivotal year for traditional financial institutions to massively adopt on-chain infrastructure.
The report shows the Foundation approved 189 ecosystem partnerships throughout the year, fueling growth in DeFi, infrastructure, and consumer applications.
Several traditional finance (TradFi) firms have already launched products on Arbitrum:
- Robinhood rolled out tokenized U.S. stocks and ETFs for European users, with nearly 2,000 tokenized assets live within six months;
- Asset managers Franklin Templeton, WisdomTree, and Spiko expanded their tokenized financial product lines on the network.
Key ecosystem metrics:
- Real-World Asset (RWA) value topped $800 million;
- Stablecoin supply jumped 80% year-over-year, peaking at nearly $10 billion;
- Total on-chain transactions exceeded 2.1 billion;
- Over 1,000 projects were developed on Arbitrum by year-end.
The
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US Stock Market Opens with Major Indexes Up, Crypto-Related Stocks Experience Mixed Performance
March 17: U.S. stocks opened higher, with the Dow Jones Industrial Average up 0.66%, the S&P 500 gaining 0.42% and the Nasdaq Composite adding 0.33%.
Qualcomm (QCOM.O) climbed 3.2% after the chipmaker approved a $20 billion stock buyback program and raised its dividend.
Micron Technology (MU.O) rose 2.5% as it launched mass production of HBM4 memory for NVIDIA.
For crypto-related stocks:
- MicroStrategy (MSTR) dipped 0.28%;
- Coinbase (COIN) added 2.34% while Circle (CRCL) fell 0.88%;
- Sports Betting (SBET) ticked up 0.37%;
- Marathon Digital (BMNR) rose 0.24%.
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Tether Unveils AI New Framework: Mobiles Can Train Billion-Parameter AI Models
On March 17, stablecoin issuer Tether announced that its AI platform QVAC Fabric has launched the world’s first cross-platform LoRA fine-tuning framework for Microsoft’s BitNet (1-bit large language model). This framework enables billion-parameter-scale LLMs to be trained and inferred on everyday hardware—including laptops, consumer-grade GPUs, and smartphones.
Officially, the framework drastically cuts the VRAM and computing power requirements for AI model training, supporting Intel, AMD, Apple Silicon, and a range of mobile GPUs (such as Adreno, Mali, and Apple Bionic).
In testing:
- A roughly 1.25-billion-parameter BitNet model fine-tunes in ~10 minutes on a Samsung S25.
- A 10-billion-parameter model takes ~1 hour 18 minutes on the S25, and ~1 hour 45 minutes on an iPhone 16.
- The team even successfully fine-tuned a 13-billion-parameter model on an iPhone 16.
For performance:
- BitNet models see 2–11x faster inference speeds on mobile GPUs than on CPUs.
- BitNet
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Survey: Global Fund Manager Cash Levels Rise to 4.3%, Highest Hedge Mentality Since Pandemic
**March 17 – Bank of America’s latest March Global Fund Manager Survey (FMS) shows global asset managers are ramping up cash holdings at the fastest pace since the 2020 pandemic amid Middle East geopolitical tensions and rising inflation expectations, with risk appetite sliding sharply.**
Key findings:
- Average cash positions for surveyed managers jumped from 3.4% in February to 4.3%, while overall investor sentiment hit a near six-month low.
- Net optimism about global economic growth plummeted from 39% to just 7%.
- Some 45% of respondents expect global CPI to keep rising over the next year, cooling Fed rate-cut expectations dramatically: only 17% now see cuts this year (down from 46% in February).
Allocation highlights:
- 34% are overweight commodities (highest since April 2022).
- 53% are overweight emerging market (EM) stocks (new peak since February 2021).
- Allocation to non-essential consumer (discretionary) stocks dropped to its lowest since December 2022.
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Gency AI Completes $20M Funding Round with Participation from TikTok
On March 17, Gency AI—a decentralized AI and blockchain infrastructure firm—announced it has closed a $20 million funding round, with participation from TikTok, HF0, XYZ, Streamlined Ventures, Hat-Trick Capital, ViaBTC, Basics Capital and other institutional investors.
The company said the fresh capital will be used to expand its decentralized ad execution and settlement network, strengthen its privacy computing tech stack, and accelerate product rollouts and ecosystem partnerships across North America, Asia and Europe.
Gency AI aims to build verifiable advertising infrastructure using blockchain and smart contracts, recording ad impressions, conversion outcomes and revenue distribution on-chain to enable automated settlement and transparent revenue sharing. This addresses longstanding pain points in the digital ad industry, including data ownership, attribution transparency and cross-platform settlement efficiency.
Its technical architecture includes an on-chain identity syst
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