Ethereum Temporarily Drops Below $1900

On March 18th, according to GMGN market data (accessible via https://t.me/GMGN_sol_bot?start=i_m4TE56o8), the market capitalization of mubarak has exceeded 1.9 billion US dollars. It is currently reported at 1.908 billion US dollars, reaching a new all-time high, with a 24-hour increase of 130%. BlockBeats reminds users that many Meme coins have no practical use cases and experience significant price volatility. Therefore, investment should be approached with caution.

On March 18th, as per Bloomberg, the cryptocurrency project championed by former U.S. President Donald Trump - World Liberty Financial - has concluded its second round of token sale, amassing a total of $550 million. WLFI has earmarked $30 million for company-related expenses and other outlays. According to the issuance document of World Liberty's initial token sale, Trump and his affiliated company DT Marks DEFI LLC will obtain 75% of the net proceeds as fees, which amounts to $390 million. Furthermore, token purchasers are currently prohibited from reselling the tokens and do not possess any entitlement to profits. The project initiated its initial token sale in mid-October of the previous year and promoted it to both U.S. and non-U.S. investors.

On March 18th, as monitored by Onchain Lens, 1 hour ago, pump.fun made a deposit of 196,370 SOL into Kraken. This deposit is equivalent to approximately $25.31 million.

On March 18th, according to official channels, the cryptocurrency project WLFI backed by Trump announced the completion of a total token sale of $550 million. More than 85,000 participants have completed KYC verification. WLFI's "macro strategy" also allocated a variety of digital assets in its strategic reserve plan, such as BTC, ETH, TRX, LINK, SUI, and ONDO tokens. This "macro strategy" may be partially used to support WLFI-funded innovative projects, promote the growth of the ecosystem, and create new opportunities in the rapidly evolving DeFi space.

On March 18th, based on hypurrscan data, the "50x Leverage Whale" previously established a 40x short position on Hyperliquid for BTC at $83,923.2 when the price of Bitcoin was $83,923.2. As Bitcoin witnessed a slight upward rebound along with leverage funding costs, the position is now in a floating loss state, and the estimated liquidation price is $85,565. Before this, a "Whale Hunting Operation" targeting the Hyperliquid 50x Leverage Whale has already commenced, and there is a possibility that Justin Sun may participate in this effort.

On March 18th, U.S. President Trump made a post on Truth Social, announcing the appointment of Michelle Bowman, who is currently a member of the Federal Reserve Board, as the new Vice Chair for Supervision of the Federal Reserve.