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U.S. February Retail Sales Growth Below Expectations, Uncertainty Leads to Low Consumer Confidence

18 hours ago

March 17th: In the United States, retail sales in February witnessed a monthly increase; however, it fell short of expectations. The January sales decline was revised from 0.9% to 1.2% on a month-on-month basis. The report indicates that among 13 categories, only 5 categories experienced an increase in sales in February compared to January. These categories include non-store retailers (representing e-commerce), general merchandise, health and personal care, food and beverages, and building materials. These types of categories are generally essential goods rather than non-essential ones. Hence, the growth in these areas implies that consumers were cautious with their spending last month. Retailers have issued warnings that due to cold weather, tax refund delays, and the increasing uncertainty of consumers regarding the economy, February began on a weak note. Since January of this year, consumer confidence has been on a downward trend for three consecutive months as Americans strive to deal with the constantly changing policies of the Trump administration, such as intermittent tariffs and widespread layoffs in the federal government. (Jin10)
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Polkadot Treasury Allocates $3.5 Million to Incentivize DOT and vDOT Liquidity Across Multiple Blockchains

March 18th. The Polkadot Treasury Proposal #1439, which was initiated by Bifrost and Hyperbridge, was approved the day before yesterday. This proposal intends to allocate 3.5 million US dollars (approximately 25 million RMB) to the top DEX collaborations in the Ethereum, Arbitrum, Base, and BSC blockchain ecosystems for providing liquidity of DOT and vDOT (DOT LST). Developers can utilize this liquidity for cross-chain composability and application development related to DOT/vDOT in the aforementioned blockchain ecosystems by using the Hyperbridge cross-chain and Bifrost SLPx SDK, and share the benefits, making full use of Polkadot's cross-chain interoperability.

7 minutes ago

Tether Increases Holding of Bitdeer Shares, Current Ownership Ratio Reaches 21.4%

On March 18th, Tether made a notable increase in its holdings of the leading Bitcoin mining company, Bitdeer Technologies Group. This strategic action underscores Tether's expanding engagement within the Bitcoin mining ecosystem and its diversification of the investment portfolio beyond stablecoin operations. According to the recent filings submitted to the U.S. Securities and Exchange Commission (SEC), Tether and its subsidiaries currently hold a total of 31,891,689 shares of Bitdeer's Class A common stock, which accounts for approximately 21.4% of the total number of shares issued by the company. Previously, in May 2024, Tether acquired $100 million worth of Bitdeer shares through a private placement and has the option to purchase an additional $50 million worth of shares within a 12-month period. It is reported that the relationship between Tether and Bitdeer is not merely a passive investment but rather a strategic partnership aimed at bolstering the Bitcoin infrastructure. By ob

7 minutes ago

Japanese publicly listed company Metaplanet has announced the purchase of an additional 150 Bitcoins, bringing its total holdings to 3,200 Bitcoins.

On March 18th, as per Metaplanet, the company has made an announcement that it has further acquired 150 bitcoins. Subsequent to this acquisition, Metaplanet's overall bitcoin holdings have reached 3200 coins.

7 minutes ago

Avalon's early investors/team deposited 3.5 million AVL into Bybit

On March 18th, as monitored by The Data Nerd, 7 hours ago, an early investor / team of Avalon #Bybit made a deposit of 3.5 million AVL (approximately $1.58 million). Up to now, this wallet still holds 6 million AVL (approximately $2.55 million).

7 minutes ago

Microsoft has warned of a new type of remote access Trojan targeting cryptocurrency wallets.

On March 18th, Microsoft discovered a novel type of Remote Access Trojan (RAT) that is targeting 20 cryptocurrency wallet extensions within the Google Chrome browser with the aim of stealing encrypted assets. Microsoft's incident response team disclosed that they initially detected this malicious software named StilachiRAT in November of the previous year. This software is capable of stealing credentials, digital wallet information, and clipboard data stored within the browser. Once deployed, attackers can utilize StilachiRAT to scan the configuration information of the 20 cryptocurrency wallet extensions, thereby stealing encrypted wallet data, including wallets such as Coinbase Wallet, Trust Wallet, MetaMask, and OKX Wallet. (Cointelegraph)

7 minutes ago

Yesterday, the BSC Network saw a net inflow of $8.37 million through cross-chain bridges, ranking first across all networks.

On March 18th, based on DefiLlama data, the net inflow of funds through cross-chain bridges on the BSC network in the past 24 hours reached $8.37 million, ranking first among all public chains. Next are Noble and Arbitrum, with net inflows of $5.98 million and $2.75 million, respectively.

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