The Chinese Meme Coin "Lobster" on BSC Soared to a Market Cap of $16 Million This Morning, with a 24-hour Increase of 127%
On March 10, per GMGN monitoring (link: https://gmgn.ai/bsc/token/i_m4TE56o8_0xeccbb861c0dda7efd964010085488b69317e4444), the BSC-based Chinese meme coin "Lobster" notched a new all-time high. Its market capitalization briefly hit $16.5 million before a slight pullback, and it now sits at $13.4 million with an intraday gain of over 127%.
BlockBeats Note: Meme coins are extremely volatile, heavily reliant on market sentiment and hype around concepts, with no inherent value or practical use case. Investors should be aware of the associated risks.
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Stargate repurchased a total of 146,430 ZRO in February, bringing the total repurchased amount to 1,495,039 ZRO.
On March 10, cross-chain protocol Stargate announced it repurchased 146,430 ZRO in February, worth roughly $300,000. To date, cumulative repurchases total 1,495,039 ZRO (valued at around $3.14 million).
The team noted Stargate rewards are currently split 50/50 between veSTG stakers and ZRO repurchases—but starting next month, all rewards will go exclusively toward ZRO buybacks.
In a prior announcement, Stargate revealed the LayerZero Foundation has fully acquired Stargate (STG), including its protocol, token, and treasury. Post-acquisition, STG tokens can be exchanged for LayerZero’s native ZRO at a fixed rate (1 STG = 0.08634 ZRO), with the exchange window remaining open indefinitely.
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Bitcoin Leverage Ratio on Binance Sees Steep Drop Since February, Spot Market Poised to Take Over Price Leadership
**March 10th**
Per analyst Darkfost’s monitoring, Bitcoin’s estimated leverage ratio on Binance has dropped sharply from 0.198 to 0.152 since February—marking a rapid, significant decline. This trend typically emerges after periods of strong volatility and major price swings.
Over the same period, Bitcoin’s price has fallen from roughly $96,000 to $69,000. Such moves often spark investor panic: some voluntarily deleverage their positions, while others face forced liquidations due to margin calls. This has driven a notable drop in open interest contracts, reflecting an overall deleveraging trend in the derivatives market.
The analyst noted that if the estimated leverage ratio fails to rebound during the current consolidation phase, it could signal the spot market is taking control of price trends—helping stabilize the market. In many cases, deleveraging phases let the market reset on a healthier footing, as lower leverage reduces systemic pressure and supports price stability a
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BlockBeats releases February Exchange Rankings: CEX Warms Up, DEX Cools Down
March 10 – DapPulse BlockBeats released its February exchange platform rankings today, with key data as follows:
In February 2026, spot trading volumes on major centralized exchanges (CEXs) rose 4.8% month-over-month (MoM) from January 2026, while perpetual contract trading volumes jumped 17.4% MoM.
Over the same period, perpetual contract trading volumes on leading decentralized perpetual exchanges (Perp DEXs) fell 7.4% MoM—though their website traffic surged 33.53%.
For full details, visit the report: *February Exchange Platform Rankings: Spot Volumes Up 4.8%, Perp DEX Volumes Remain Weak* (link: https://www.theblockbeats.info/news/61484).
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Eigen Foundation: There will be an internal wallet transfer of EIGEN in the next few days, not involving any unlocking or selling
On March 10, the Eigen Foundation published an EIGEN Transparency Update on X, noting that EIGEN tokens will be transferred between wallets controlled by the foundation in the coming days as part of its regular custody and fund management operations.
The Eigen Foundation stresses this operation is purely an internal transfer and does not involve token unlocking, changes to governance arrangements, or any planned sale activities.
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A whale yesterday accurately top-ticked Oil on-chain at an average price of $114, with a sky-high position that has already doubled in value
March 10th — According to the **Coinbob Popular Address Monitor** (via
https://t.me/Coinbob_track_CN), WTI Crude Oil (CL) on Hyperliquid has tanked over 25% in 24 hours, now trading at $85.7 — a 26.2% drop from yesterday’s intraday high of $116.
A whale with the address starting with 0x434f added crude oil positions and continuously built short positions in the $112–$116 range at 10:49 AM yesterday. It ultimately established a triple-leveraged short position at an average entry price of $114, with an initial position size of $1.83 million.
As oil prices plunged sharply throughout the day, the address kept adding to its position, growing its account balance from $470,000 to $1.18 million — doubling its principal from this round of short oil trades.
Currently, the address only holds the triple-leveraged CL short position, with a position size of roughly $1.72 million, a floating profit of $350,000 (33%), and an average
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