Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

On March 13, Ethena announced that the unstaking cooldown period for sUSDe will shift to a dynamic mechanism tied to the amount of liquid stablecoins in the USDe reserve. This means the fixed 7-day unstaking period for sUSDe—active since the project’s launch—will be cut to just 1 day. Going forward, the cooldown will dynamically range between 1 and 7 days based on the mix of liquid assets in the USDe reserve.

March 12 — Data from Bitget shows international oil prices have pared gains, with WTI and Brent crude trimming their increases to 7.4% and 5.9% respectively, settling at $95.06/bbl and $96.94/bbl. Earlier, Iran’s Deputy Foreign Minister noted: “Iran previously allowed some vessels to transit the Strait of Hormuz. We did not place mines in the Strait of Hormuz.”

On March 12, identity verification firm VeryAI announced it has closed a $10 million funding round led by Polychain Capital, with participation from the Berggruen Institute, Anagram, and Solana co-founder Toly. VeryAI is building a privacy-first verification system leveraging palmprint biometrics and encrypted identity technology, with the goal of distinguishing real humans from bots, deepfakes, and synthetic identities at internet-wide scale.

On March 12, MicroStrategy founder Michael Saylor posted: “You know, there’s a time delay between when we buy Bitcoin and when its price rises.”

March 12 – In his first statement since assuming office, Iran’s new Supreme Leader Mujtaba Khamenei declared the Strait of Hormuz must remain closed, adding all U.S. military bases in the region should shut immediately or face attacks. He also noted research has been conducted on other fronts where adversaries lack experience and are highly vulnerable, with these fronts potentially activated if the war continues and such action is deemed appropriate. Analyst Dara Doyle stated the market views Khamenei’s remarks as strongly hardline, with little indication Iran is prepared to compromise with the U.S. or Israel. Per Bitget data: - WTI crude oil rose over 9% intraday to $96.42 per barrel; - Spot gold fell 0.93% intraday to $5,128 per ounce; - U.S. major stock indexes declined: Nasdaq down 1.82%, Dow Jones Industrial Average down 1.45%, S&P 500 down 1.39%; - Cryptocurrencies remained resilient amid market volatility: Bitcoin was up 0.05% in 24 hours at $70,399, Ethereum up 0.