Celo Mainnet has initiated the migration process from L1 to Ethereum L2, and block production has been paused.

On March 29th, based on Coinglass data, in the past 7 days, CEX has witnessed a total net outflow of 40,167.27 BTC. The top three CEX with the largest outflow volumes are as follows: Bitfinex has an outflow of 19,599.97 BTC; Binance has an outflow of 10,813.43 BTC; Coinbase Pro has an outflow of 8,808.65 BTC. BlockBeats Note: When Bitcoin is flowing out of an exchange, it usually indicates that investors are inclined to hold it for the long term, reducing the selling pressure. This may reflect an increase in market confidence and is often regarded as a bullish signal.

On March 29th, the cross-chain bridge Stargate announced on the X platform that Sony's L2 Soneium has now gone live on Stargate and joined its Hydra Chain network. It will now be able to support over 50 on-chain native assets and provide OFT access to Soneium in order to enhance liquidity and interoperability.

On March 29th, Bitget Seed listed the MEME token STINKDEX (STINKDEX) from the Solana ecosystem. Bitget Seed is a new on-chain asset trading platform that is dedicated to exploring high-potential projects in the market. Bitget Seed will choose 0-5 high-quality tokens on a daily basis.

March 29th. The Cogni Token, a project within the BNB Chain ecosystem, is about to refund all the BNB raised during this presale. It is reported that the Cogni Token presale received a total of 4553.2 BNB. The team has made a decision to refund all the BNB raised in this presale based on the community's vote. And all users will receive a portion of COG airdropped tokens according to their participation in the presale.

On March 29th, according to the monitoring of HyperInsight (accessible via https://t.me/HyperInsight and targeted at _blank), trader @izebel_eth enhanced their leverage long position on HyperLiquid by a factor of 25. The notional size rose from 4,000 ETH to 6,900 ETH, with a notional value amounting to 13 million US dollars. The liquidation price of this position is $1,725.5, and the current unrealized loss stands at $129,000.

On March 29th, as reported by Cryptoslate, Panama has presented a comprehensive draft bill aimed at regulating cryptocurrency oversight and facilitating the development of blockchain services. Under this bill, digital assets are regarded as a legal form of payment, enabling individuals and businesses to freely stipulate their use in commercial and civil contracts. It clearly authorizes the utilization of cryptocurrencies such as Bitcoin, Ethereum, and stablecoins to purchase goods, pay for services, and settle debts, as long as both parties reach an agreement. The draft bill also sets up a regulatory framework for Virtual Asset Service Providers (VASPs), encompassing wallets, exchanges, and custody platforms. Each company is required to register in a national database managed by the Financial Analysis Unit (UAF) and obtain the necessary authorization before offering services in Panama. The bill mandates compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) guideline