Linera Launches Babbage Testnet

March 13 — Data from Coinglass shows the cryptocurrency market rebounded this morning, with Bitcoin hitting $72,000 and Ethereum touching $2,148. Funding rates across major centralized (CEX) and decentralized (DEX) exchanges signal easing bearish sentiment: rates for various trading pairs have returned to neutral after previously being negative. Rates for specific mainstream coins are available in the attached image. BlockBeats Note: Funding rates are fees set by crypto exchanges to keep perpetual contract prices aligned with underlying asset prices. They facilitate fund transfers between long and short traders—exchanges do not collect these fees. The mechanism adjusts the cost or profit of traders holding contracts to maintain parity with the underlying asset. A 0.01% funding rate is the baseline. Rates above 0.01% indicate broadly bullish sentiment, while rates below 0.005% signal broadly bearish sentiment.

March 13: Binance founder CZ commented on a user who incurred a slippage loss of over $50 million while purchasing AAVE, stating: "Very unfortunate—liquidity is the best user protection."

March 13: Per Onchain Lens monitoring, a whale wallet dormant for 10 months withdrew 1,870 XAUT from OKX 8 hours ago—valued at $9.54 million.

March 13th — Solana Superteam USA has officially launched, with a mission to accelerate U.S.-based entrepreneurs joining the Solana ecosystem. Founded by Nicky Scanz (also the founder of decentralized validation project Layer33 and host of podcast *The Index Show*), the initiative builds on his background: Scanz previously got his start with a Solana community NFT project, then pivoted to ecosystem development and strategic consulting, and now focuses on growing the U.S. Solana builder community.

March 13 Per Hyperinsight monitoring (link: https://t.me/HyperInsight), ongoing Middle East geopolitical tensions pressured the U.S. semiconductor sector Wednesday, with the group closing down 2.66%. Specific moves: Nvidia (NVDA) slipped 1.5%, Micron Technology (MU) dropped 3.2%. On Hyperliquid, NVDA and MU contract prices fell in tandem but saw partial recovery in after-hours trading. A wallet linked to Continue Capital (0x3e3) currently holds ~$14.5M in semiconductor long positions. Intraday declines briefly flipped the position from profitable to underwater, but post-hours on-chain contract rebounds pushed it back into the black. The address holds a 7x leveraged long on MU: $6.2M position size, average entry price $383. It also holds a 5x leveraged long on NVDA: $8.4M position size, average entry $190.

Binance announced on March 13 that its VIP Loans service will remove TrueUSD (TUSD) and Alchemix (ALCX) from its eligible collateral list starting at 8:00 AM UTC+8 on March 30.