Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

On March 16, Caixin reported that China’s official Digital Currency Operations and Management Center has flagged three common scam schemes targeting the Digital RMB: - **Scheme 1: Pyramid fraud disguised as "digital currency promotion"** The Digital RMB has never run activities like "recruiting promoters," "promoter exams," "QR code downloads," or "downline recruitment"—nor has it charged a 400-yuan equipment installation fee. Anyone recruiting "community promoters" via chat groups, offline/online meetings is scamming. - **Scheme 2: Fake "order rebate" transfer scams** Scammers lure victims into sending funds by promising rebates for placing orders. - **Scheme 3: Counterfeit app theft** Fraudsters trick users into downloading fake apps to steal personal information or funds.

March 16 — Chicago-based BlockFills has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Delaware. Filings from the firm show estimated assets ranging from $50 million to $100 million, with estimated liabilities between $100 million and $500 million. In a statement Sunday, BlockFills said the Chapter 11 process is “the most responsible path forward” after extensive discussions with investors, customers and creditors. The company noted the restructuring filing will let it reorganize under court supervision in an orderly manner while maintaining transparency and oversight. The move aims to “stabilize the business, secure additional working capital and recovery paths, and explore potential strategic transactions,” with a focus on ensuring protecting customer interests “remains a top priority.” (The Block)

**March 16: Renowned trader and technical chart analyst Peter Brandt—who correctly called Bitcoin’s sharp 2018 drop—released a chart this morning highlighting a “trumpet” pattern on BTC’s daily chart. The pattern traces back to Richard Schabacker’s 1932/34 technical analysis text.** **The “trumpet” formation, from Schabacker’s 1934 work *Technical Analysis and Stock Market Profits*, is an H-shaped expansion pattern that often signals a price reversal or breakout. Per Brandt’s chart, Bitcoin has formed a converging pattern post-February’s decline—similar to a curved trumpet mouth gradually narrowing while accelerating upward. This suggests the price will surge to a peak before likely taking a brief pause.**

On March 16, white-hat hacker f4lc0n disclosed a **critical** vulnerability in the Injective Protocol that could let an attacker siphon over $500 million in assets directly from the chain. However, the project team only offered a $50,000 reward—far below the $500,000 cap for critical flaws in their bug bounty program. f4lc0n stated the flaw allowed any user to drain any account on the chain without special permissions. After submitting the report via Immunefi, the Injective team launched a mainnet upgrade vote to fix the vulnerability the next day but then went **radio silent** for three months. Currently, f4lc0n has disputed the reward amount and noted the $50,000 hasn’t been paid either. He announced he’ll allocate 10% of future bug bounty earnings to keep publicly addressing this issue until Injective pays the reward per their stated standards.

**March 16 Update** Per Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), the "ETH Whale Master" address (0xa5b0) has seen total long position profits rise to $1.6 million, with total position value now at $203 million. This address is currently the largest BTC and ETH long holder on Hyperliquid. Its ETH long was initiated on Feb. 9 and remains open since Feb. 15, reflecting a bullish stance. Key positions include: - 15x ETH Long: ~70,000 ETH (valued at ~$152M), average entry price $1,991, $13M in profits (128% return) - 20x BTC Long: ~700 BTC (valued at ~$50.8M), average entry price $68,420, $2.93M in profits (114% return) The whale previously built a $1B+ ETH long position late last year, fully closing it in February. It has recently resumed position building and received repeated fund transfers from Matrixport, suggesting a potential associated address.