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Xinhua News focuses on "March 15th": Beware of speculation in the Metaverse investment, as criminals use the guise of "future currency" to create fake trading platforms

2 days ago

On March 16th, Xinhua News Agency released an article entitled "Focus on '3·15' | AI Face-swapping and Hype of Metaverse Investment." It was pointed out that under the guise of "future currency" and "high returns," some criminals have forged trading platforms, exaggerated revenue data, leading people to mistakenly think that investing in cryptocurrency is a sure thing. Once they have collected enough funds, they manipulate the market, causing the value of the "currency" to drop sharply and even shutting down the trading platform. Some criminals, under the banners of the Metaverse and blockchain, hype up game development related to the Metaverse, virtual reality and other concepts, claiming "earn money while playing games," packaging high-tech investment projects, publicly promoting false high returns, attracting public funds and showing the characteristics of illegal fundraising and illegal activities.
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BLUR has undergone over a year of unlocking, and its circulating supply has increased from 400 million to 2.25 billion coins, with the price dropping 90% during the same period.

On March 18th, as monitored by on-chain analyst Yu Jin, when BLUR went live at the beginning of 2023, the price was approximately $1, and the circulating market capitalization was $410 million. Now, the BLUR price has dropped to $0.1, representing a 90% decrease. However, the circulating market capitalization has only decreased by 40% (from $410 million to $235 million). Due to more than a year of monthly unlocks, the circulation supply of BLUR has expanded from the initial 400 million to the current 2.25 billion, an increase of 4.6 times.

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CryptoQuant CEO: Bitcoin Bull Market Has Ended, Expecting Either a Range-Bound or Bearish Trend in the Next 6 to 12 Months

On March 18, Ki Young Ju, the CEO of CryptoQuant, stated in a post that "the Bitcoin bull market cycle has come to an end and it is anticipated to enter a bearish or sideways market within the next 6 to 12 months."

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Binance to Delist DODO/BTC, IDEX/USDC Leveraged Tokens

On March 18th, according to an official announcement, Binance will remove the following leverage trading pairs on March 25, 2025, at 14:00 (UTC+8): - Cross Margin Trading Pairs: ALPHA/BTC, CTXC/BTC, DODO/BTC, IDEX/USDC, LISTA/FDUSD, NKN/BTC, SAGA/BTC - Cross Margin Trading Pairs: ALPHA/BTC, CTXC/BTC, DODO/BTC, IDEX/USDC, LISTA/FDUSD, NKN/BTC, SAGA/BTC

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ORO has completed a $1.5 million Pre-Seed funding round, with 468 Capital leading the investment.

On March 18th, the Solana-based golden asset project ORO declared the accomplishment of a $1.5 million Pre-Seed round of financing. This financing was led by 468 Capital, with the participation of Fasset, Dead King Ventures, and several angel investors. According to the announcement, ORO intends to expand income-generating real-world assets on Solana by means of gold tokenization.

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Data: 21.69 million BLUR were transferred out from the Blur contract 4 hours ago

March 18th. As per on-chain analyst Yu Jin, the monthly unlocked Blur was unlocked 4 hours ago, with 21.69 million BLUR ($2.32 million) being released. It is anticipated to be transferred to Coinbase Prime just as before. Since commencing the unlocking cycle on June 15, 2023, Blur has unlocked 35% of the total BLUR supply (1.044 billion tokens) and has been transferred to Coinbase Prime for circulation in the market. Based on the price at the time of transfer, this totaled $337 million. The average transfer price was $0.32 per token.

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A certain smart money allegedly liquidated 1,475,000 CAKE tokens 15 hours ago, worth $3.79 million.

On March 18th, as per @ai_9684xtpa's monitoring, a particular smart money wallet is said to have liquidated 1,475,000 CAKE tokens 15 hours ago, with a value of $3.79 million. This represents the first instance of this smart money wallet depositing CAKE into a trading platform. Furthermore, they have previously made a profit of $19.69 million by buying at a low price and selling at a high price on WBTC, with a cost base as low as $26,395.

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