In the past 24 hours, there was a total of $157 million in liquidations across the network, triggering a long and short squeeze.
On March 26th, based on Coinglass data, the total liquidation within the past 24 hours amounted to $157 million. The long liquidations were $85.0385 million and the short liquidations were $71.9192 million.
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mubarak, $BANANA, and SIREN ranked in the top three of the past 24 hours BSC ecosystem Meme Coin trading volume leaderboard
On March 25th, according to GMGN data, mubarak, $BANANA, and SIREN ranked among the top three in the BSC ecosystem Meme Coin trading volume leaderboard over the past 24 hours. The details are as follows:
The 24-hour trading volume of mubarak reached $18.4 million. Its market capitalization is currently $141 million, with a 24-hour increase of 5.69%.
The 24-hour trading volume of $BANANA reached $12.6 million. Its market capitalization is currently $59.4 million, with a 24-hour increase of 8.49%.
The 24-hour trading volume of SIREN reached $9.3 million. Its market capitalization is currently $65.7 million, with a 24-hour decrease of 10.22%.
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David Sacks: FDIC Removes 'Reputational Risk,' a Major Victory for Cryptocurrency
On March 25th, David Sacks, the U.S. chief in cryptocurrency and AI fields, asserted that the Federal Deposit Insurance Corporation (FDIC) is treading in the footsteps of the Office of the Comptroller of the Currency (OCC) by eradicating "reputational risk" as an element in bank regulation, deeming it a significant victory for cryptocurrency.
"Reputational risk" may seem reasonable in theory. However, its definition is "the risk that negative publicity related to a financial institution's business practices, regardless of its truthfulness or not, will result in a decreased customer base, costly litigation, or a reduced revenue potential." In reality, this ambiguous and subjective criterion has been employed to justify the denial of banking services to legitimate cryptocurrency enterprises through "Operation Choke Point 2.0." Banking standards should be objective and quantifiable instead of being based on potentially untrue stories.
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Arbitrum Foundation Releases 2024 Transparency Report: Co-Funded 276 Projects
On March 25th, the Arbitrum Foundation issued its 2024 Transparency Report, revealing the funding for 276 projects in fields like DeFi, gaming, and infrastructure. Furthermore, the AI Trailblazer program has attracted early-stage innovative endeavors.
In 2024, the Foundation enhanced developer education and engagement. It was prominently showcased at EthCC, Token2049, Devcon, and regional events. Ambassadors from 18 countries generated over 9000 pieces of content. Initiatives such as "Step into Arbitrum" facilitated the onboarding of new developers.
The Arbitrum Foundation also played a crucial role in supporting technological advancements like Stylus, BoLD, Timeboost, and Fast Withdrawals, further strengthening Arbitrum's alliance with Ethereum.
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White House: The United States and Russia-Ukraine agree to ensure safe navigation in the Black Sea, and will continue to work towards achieving lasting peace
On March 25th, the White House announced that the United States and Russia have reached an agreement to ensure safe navigation in the Black Sea. They have also agreed to take steps to enforce the agreement that prohibits attacks on Russian and Ukrainian energy facilities. Additionally, the United States will continue to facilitate negotiations between the two sides.
The United States and Ukraine have agreed to ensure safe navigation in the Black Sea and have committed that the United States will assist in achieving a prisoner exchange. Furthermore, the United States and Ukraine have agreed to formulate measures to enforce the agreement that prohibits attacks on Russian and Ukrainian energy facilities. (Jinse)
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