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CZ: Actively exploring angel investments to support early-stage innovative projects

3 hours ago

On March 1st, Binance's founder CZ expressed his support for early-stage innovative projects through angel investments. He said, "I'm trying. I generally have a good sense of people, but it takes time." Understanding an entrepreneur involves observing how they make decisions and execute in various situations such as under pressure, in the face of money temptations, considering user interests, etc. It also depends on their dedication, adaptability, market understanding, worldview, leadership qualities, and more. You can't fully understand someone just through a short chat. At least I don't have that ability. When I invested in Trust Wallet back then, I made the investment after just one meeting. But I had been observing them for some time before that. In fact, this is what YZi Labs is also doing. However, investing requires a significant amount of time and effort. There is no such thing as a magical "sharp eye."
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This week, the U.S. Bitcoin Spot ETF saw a cumulative net outflow of $26.141 billion

On March 1st, according to Farside data, this week the net outflow of US Bitcoin spot ETF reached a total of $26.141 billion.

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CZ conceives a new tokenomics model and clarifies that there is no plan to issue new tokens

On March 1st, the founder of Binance, CZ, posted on social media, stating, "A rather crazy token issuance concept. Suppose someone were to issue a token based on the following tokenomics model?"
Initially, 10% of the tokens are made available and sold on the market, and the proceeds are utilized for the project team's product/platform development, marketing, salaries, etc. Subsequent unlocks must fulfill all of the following conditions:
1. It has been at least 6 months since the last unlock. 2. The token price must have remained above twice the price of the last unlock for the 30 days prior to the unlock. 3. Only a maximum of 5% of the tokens can be unlocked each time.
Additional rules:
1. The project team has the authority to delay or reduce the unlock amount. If they do not wish to sell more tokens, they can choose not to unlock. 2. The project team does not have the right to shorten the unlock time or increase the unlock percentage; all tokens will be loc

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Greeks.live: Community sentiment appears to be largely bearish, with traders closely watching the BTC $82,000 support level

On March 1st, Adam, the analyst from Greeks.live, shared option data and market views on X. It indicates that the community sentiment generally seems to be bearish. Traders are closely observing $82,000 as a key support level for the Bitcoin price. There is some disagreement within the community. A few members believe that there may be an uptrend in the coming months. However, the recent sharp price drop from $95,000 to $78,000 has made most traders cautious. Traders are waiting for a possible recovery once the Bitcoin price stabilizes above the monthly opening price. Some attribute the sharp decline to a lack of buying pressure and the options expiration on February 28th.

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China Securities Regulatory Commission: Orderly Conduct Pilot of Digital RMB in Hong Kong

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A new address withdrew 1000 BTC from Binance.

On March 1st, as monitored by Onchain Lens, a new address withdrew 1000 BTC from Binance, which is approximately $84.4 million.

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DWF transferred 2.5 million AXL to the suspected Axelar team address, equivalent to approximately $1.11 million

On March 1st, as reported by Arkham Monitor, the DWF Labs address was labeled as "Suspected Axelar Network" two days ago and received a transfer of 2.5 million AXL, which is approximately equivalent to $1.11 million. Based on the transfer records, it is hypothesized that the two parties may have reached a market-making cooperation plan, and the actual situation requires waiting for updates from the DWF Labs and Axelar Network teams. According to on-chain data, DWF Labs previously received 2.5 million AXL on December 9, 2023, with a value of $1.93 million. The observational data on March 1, 2024, showed that DWF Labs held a total of 5 million AXL, which was approximately valued at $12 million at that time. On May 6, 2024, DWF's liquidity market launched Axelar (AXL), and on October 12 of the same year, DWF Labs deposited 500,000 AXL into Binance, with a value of around $420,000 at that time. As of the time of writing, AXL is currently trading at $0.4093, with a 2.92% increase in the

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