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Bakkt Appoints Akshay Naheta as Co-CEO and Board Member

9 hours ago

On March 20th, the cryptocurrency exchange platform Bakkt appointed Akshay Naheta as Co-CEO and Board Member. Previously, Akshay Naheta held senior management positions at SoftBank Group, where he was responsible for overseeing tech investments in ARM, Auto1, Nvidia, and other companies. After leaving SoftBank, he founded Distributed Technology Research (DTR) with the aim of building the next-generation global payment infrastructure. In addition, Bakkt and DTR intend to enter into a commercial agreement to integrate DTR's stablecoin-based payment technology infrastructure with Bakkt's cryptocurrency trading and brokerage technology.
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Lazarus Group transferred 12.929 Bitcoin to an anonymous address, equivalent to approximately $1.12 million

On March 20th, as per Arkham's monitoring, the address of the North Korean hacker group Lazarus Group transferred 12.929 BTC to an anonymous address (bc1qm7zgdmpktrm57n4p2y936daqhsk0tq0lakl82l) half an hour ago, which is approximately equivalent to $1.12 million. Currently, the Lazarus Group's address still holds 13,441 BTC, approximately amounting to $1.16 billion.

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After Binance Wallet's announcement of a new IDO, BNB has increased by 2.15%.

On March 20th, based on market data, after the announcement of a new TGE on Binance Wallet, the price of BNB has increased by 2.15% and is now trading at $636.65.

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The "ETH High Win Rate Swing Whale" increased their position on Hyperliquid by $3.18 million in HYPE, and holds a $3.209 million long position in LDO.

On March 20th, according to the monitoring of ai_9684xtpa, the "ETH High Win Rate Swing Whale" deposited 18.04 million USDC collateral into Hyperliquid yesterday. The current fund allocation is as follows: 1x Long LDO: Position is $3.209 million, and the current floating loss is $0.043 million; Spot Long HYPE: Position is $3.18 million; Spot Long UBTC: Position is $0.35 million. In addition, limit orders were placed to prepare to add $3.915 million worth of LDO and UBTC, adding a 1x long position equivalent to holding three spot assets.

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Four.Meme has partnered with Infini to launch a limited edition payment card with built-in rewards.

March 20th. Four.Meme has entered into a partnership with Infini to launch a limited edition payment card. This card allows for seamless transactions on platforms like WeChat, Alipay, Uber, Grab, Netflix, and OnlyFans. To mark this release, the first 444 Four.Meme traders will have their card issuance fee waived, and 100 lucky users will receive a $4.4 USD cash gift. The Infini card provides global accessibility and income potential. Users can apply through the form provided by the official Four.Meme X account.

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QCP: Market Interprets Quantitative Tightening Plan Contraction as Indirect Rate Cut, Options Market Shifts Back to Call Options

March 20th: QCP disclosed its daily market observation, indicating that during last night's FOMC meeting, a long-awaited upward impetus was brought to the market, driving the price of Bitcoin above $85,000 with a substantial increase. The Federal Reserve decided to commence scaling back its "quantitative tightening" plan starting from April. The market interpreted this as an indirect rate cut, reinforcing the expectation that the Fed will initiate its easing policy as early as June. At the time of drafting this article, the market anticipates three rate cuts in 2025, which are scheduled for June, September, and December. Apart from the current exuberance, the Fed's tone was notably prudent. Policy makers adjusted their economic growth forecast downward to 1.7% (a 0.4 percentage point reduction) while raising the inflation forecast to 2.8%, suggesting an increasing risk of stagflation. Additionally, the Fed's dot plot showed a more hawkish shift compared to December of last year, with

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Missouri Bitcoin Reserve Bill Advances to Committee Stage

On March 20th, according to Bitcoin_Laws, the Bitcoin Reserve Bill HB1217 in Missouri was submitted to the House Committee on Government Affairs. This is one of the relatively slower progressions among the state-level Strategic Bitcoin Reserve (SBR) bills. It has now reached the committee stage six weeks after its introduction. BlockBeats had previously reported that on February 7th, Missouri State Representative Ben Keathley introduced House Bill 1217, which proposed the establishment of a Bitcoin Strategic Reserve Fund to diversify the state's investment portfolio. If this bill is enacted into law, it would enable the Missouri State Treasurer to "receive, invest, and hold bitcoin under certain conditions."

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