Wintermute CEO: Cryptocurrency Industry is Headed Towards Three Futures, Most Paths Will End the "Cypherpunk Dream"

March 12: Per LookOnChain monitoring, Tether has minted an additional 1 billion USDT on the Tron network — the transaction occurred 6 hours prior to the report.

Tether minted another 1B $USDT on #Tron 6 hours ago. The circulating supply of $USDT on #Tron has reached 85.3B, far more than on #Ethereum.

March 12 – Iran’s newly appointed Supreme Leader Ebrahim Raisi has not yet made a public appearance, sparking widespread global speculation about a possible serious injury. Amid the rumors, the son of Iran’s president and other senior relatives issued an urgent clarification, insisting the new leader is “safe and sound.” A Raisi relative told the Financial Times: “He’s in good health and still busy with work. For security and political reasons, he’s chosen not to make any public appearances for now. This also creates uncertainty for opponents, keeping them from getting accurate info about him. Let them keep speculating.” An expert meeting did not confirm whether Raisi was present, nor did it provide details on the voting process. (FX678)

March 12: Onchain Lens data shows FTX/Alameda unlocked 197,637 SOL nine hours ago, valued at ~$17.07 million.

March 12th: Per on-chain analyst Ai Auntie (@ai_9684xtpa), ACX has climbed to $0.0644—returning to its price level from last November—spurred by the Across Protocol transformation announcement. The address 0xDf5…2A0D5 (a top on-chain holding address excluding exchanges and project teams) previously withdrew tokens at $0.3655, nearly the coin’s all-time high; its actual cost remains unknown. The 51.99 million tokens it held were worth $19 million back then but have since shrunk to just $3.41 million.

On March 12, OP Labs CEO Jing Wang took to Twitter to announce the company will lay off 20 employees, citing efforts to streamline operations, accelerate decision-making, and reduce coordination costs. “This decision reflects a narrowing of our work focus—not a break in the funding chain,” he noted. Affected staff will receive three months of base salary plus N+1 compensation, and medical insurance coverage will continue for six months.