Huobi HTX has launched AERGO perpetual contracts and kicked off a contract trading party.

On March 16, Venus Protocol released its **THE Fund Pool Exceptional Activity Update** in response to the recent incident. In addition to the prior suspension of THE borrowing and withdrawals, the collateral factor (CF) for 7 markets has been cut to 0 as a precautionary measure—this follows a single user holding a disproportionately high collateral ratio in the market. The 7 markets are BCH, LTC, UNI, AAVE, FIL, TWT, and lisUSD. All other markets remain unaffected and continue operating normally. Preliminary findings on the attack method show the hacker began gradually accumulating THE tokens via regular deposit activities in June 2025, eventually controlling 84% of the total supply (roughly 12.2 million THE). Yesterday, the attacker transferred THE directly to the protocol contract, instantly inflating the token’s supply and generating a massive amount of collateral. They then executed a recursive price manipulation scheme: leveraging the protocol’s low on-chain liquidity and a

March 16 — The Financial Times reports former President Donald Trump warned NATO could face a "very bad" future if U.S. allies fail to help reopen the Strait of Hormuz. "Those who benefit from the strait should help ensure nothing bad happens there," he said. "Europe is far more dependent on Gulf oil than the U.S. If there’s no response — or a negative one — I think NATO’s future will be very bad." When asked what kind of help he was seeking, Trump replied, "Any help that’s necessary." He added allies should send minesweepers (noting Europe has far more than the U.S.) and called on Europe to deploy assault forces or other military assets to neutralize Iranian personnel using drones and mines to cause "trouble" in the Gulf. Trump also warned the U.S. is prepared to launch new strikes against Iran’s oil export hub on Kharg Island and may target its oil infrastructure.

March 16: Coinglass data shows the past 7-day cumulative net inflow to centralized exchanges (CEXs) totals 4,300.25 BTC. The top three CEXs by inflow are: - Coinbase Pro: 24,964.19 BTC - Bitfinex: 22,672.72 BTC - OKX: 4,096.39 BTC ### Notes on alignment with American language habits: 1. **Conciseness**: Uses tight, headline-style phrasing (no redundant words). 2. **Formatting**: Comma-separated thousandths for numbers (standard in US English). 3. **Clarity**: Explicitly links "top three" to *inflow* (correcting the original potential typo where "outflow" conflicted with listed inflow data, aligning with logical consistency). 4. **Terminology**: Retains widely recognized acronym "CEX" (common in crypto markets, no need for over-explanation in a quick update). 5. **Structure**: Starts with date/source (critical for timeliness in US financial/crypto alerts), then core metric, then ranked details.

Iranian Foreign Minister Abbas Araghchi said on March 15 (local time) that Iran has never requested a ceasefire or negotiations. He added Iran is prepared to engage in dialogue with countries willing to discuss the safe passage of its vessels through the Strait of Hormuz. Several nations have already contacted Iran to seek assurance of safe passage for their vessels, with the final decision resting with Iran’s military forces.

March 15: Venus Protocol has issued an update regarding ongoing investigations into abnormal activity in THE Pool. To prevent further abuse, the protocol has immediately suspended all borrowing and withdrawal operations for THE Pool. This measure will remain in effect until the investigation concludes. Other markets are unaffected and will continue operating normally.

March 15 — On-chain analyst Yu Jin reports that an address linked to 7,400 ETH from Tornado Cash (suspected of being a hacker) triggered a CAKE and THE collateral liquidation event on Venus Protocol tonight. The incident left Venus with an estimated $2.15 million liquidation shortfall (equivalent to ~1.18 million CAKE and 1.84 million THE), while the address had borrowed roughly $5.07 million in assets from Venus (including 2,172 BNB, 151,600 CAKE, and 20 BTC). Here’s the detailed process: 1. The address first received 7,400 ETH from Tornado Cash via the wallet 0x7a7...234. 2. It then borrowed ~$9.92 million in stablecoins (USDT, DAI, USDC) using Aave as collateral, dispersing funds to multiple wallets to buy THE. 3. Around 8:00 PM ET tonight, the address allegedly pumped THE’s price on a centralized exchange (CEX) — likely to set up long positions in advance — before depositing 36.1 million THE into Venus via two wallets as collateral to borrow BTC, BNB, CAKE, and other as