A cyberattack on X, the social media platform, was claimed by a Russian-backed hacking group called Dark Storm. The attack caused disruption for thousands of users, but functionality was quickly restored. The cybersecurity group SpyoSecure reported that Dark Storm took credit for the distributed denial-of-service (DDoS) attack in a Telegram post, which has since been deleted for violating the platform's terms of service. Despite the attack, platform owner Elon Musk confirmed that the IP addresses of the hackers originated in the Ukraine area. Additionally, protests against Musk's Department of Government Efficiency have led to a decrease in Tesla stock, with the stock currently down over 15% in the most recent trading session.

According to Kyodo News, Japanese Minister of Economy, Trade and Industry Toshimitsu Motegi held talks with U.S. Commerce Secretary Wilbur Ross in Washington, trying to shield Japan from the impact of the Trump administration's proposed tariffs on imports, including cars and steel. However, Motegi stated that the two sides did not discuss exemptions, and he did not receive any commitments from the U.S. in the negotiations. This means that Japan is likely to be included in the scope of the U.S. steel and aluminum tariffs set to take effect on March 12. Motegi emphasized the contributions of Japanese companies to investment and employment in the U.S., and confirmed that the two governments will continue to have close consultations in the future. The discussions also involved energy cooperation between Japan and the U.S., including the liquefied natural gas development project in Alaska. (Krypton)

According to the official announcement, BitMEX has launched new quarterly futures for BTC, ETH, XRP, etc. and trading can begin.

Economists at Wall Street investment bank JPMorgan Chase have raised the risk of a U.S. economic recession this year from 30% in early 2025 to 40%. Analysts wrote, "Due to the extreme policies in the United States, we believe there is a high risk of a recession in the country this year." Earlier, there were reports that economists at Morgan Stanley had lowered their U.S. economic growth expectations last week and raised their inflation expectations. The bank predicts that the U.S. GDP growth rate in 2025 will be only 1.5%, and will drop to 1.2% in 2026. Goldman Sachs economists have also raised the probability of an economic recession in the next 12 months from 15% to 20%.

As the US stock market plummeted, Cathie Wood's Ark Investment Management company invested over $70 million, heavily buying technology stocks such as Tesla (TSLA.O), Palantir (PLTR.N), Coinbase (COIN.O), AMD (AMD.O), Tempus AI (TEM.O), and Robinhood (HOOD.O).

Canaan Technology announced that it has signed a securities purchase agreement with an institutional investor, providing a total revenue of up to $200 million through A-1 series preferred stock financing. The first payment of the preferred stock financing was completed on March 10, 2025, and the first $100 million has been received. It is expected to receive an additional $100 million related to the second payment in the near future, but subject to certain terms and conditions.

According to @ai_9684xtpa monitoring, Hyperliquid 50x leverage profit whale only took 40 minutes yesterday to go long on ETH 50x and made a profit of 2.15 million. After that, he bought 1867 ETH (3.96 million USD) at an average price of 2119 USD through Cowswap, currently floating at a loss of 14,700 USD.

According to the analysis of Qi Anxin Xlab Laboratory, the large-scale network attacks that caused X platform to crash three times are the same main zombie network that attacked DeepSeek during the Spring Festival. The network is called Mirai variant zombie network RapperBot, belonging to an attack organization of "professional hired thugs".

Musk displayed statistics on the support rate of the Department of Government Efficiency (DOGE) he leads on the X platform. The data shows that only 18.9% of the respondents do not support DOGE, while the remaining 81.1% of respondents, with 42.3% of them, express strong support for DOGE. A total of 1,507,496 people participated in this vote. Musk expressed satisfaction with the results and stated that this represents widespread public support for DOGE.

Two well-known Ethereum developers eric.eth and sassal.eth refuted rumors, stating that the address that deposited 30,098 ETH into Maker this morning is not the address of the Ethereum Foundation.

Fox journalist Eleanor Terrett wrote on the X platform that after the Senate passed a resolution to repeal the IRS DeFi broker rule by a vote of 70-27 last week, the House of Representatives is expected to vote to repeal the rule on Tuesday. This overwhelming vote result was due to the unexpected support from Senate Democrats, including Senators Chuck Schumer and Mark Warner.

According to Lookonchain monitoring, a whale withdrew 195,000 SOL worth $23.2 million from multiple CEXs in the past 9 hours.

Ed Yardeni, president of Yardeni Research Inc., who is known as a Wall Street prophet and a famous bull, has recently had a subtle change in his view on the US stock market. This once staunch bull who predicted the S&P 500 index would reach 7,000 points now says, "We cannot rule out the possibility that a bear market may have quietly begun." He further pointed out, "Trump's tariff 2.0 could trigger rare lightning crashes similar to those in 1962 and 1987. These crashes usually come quickly and the reversal is just as fast, so this may provide investors with buying opportunities on dips, especially for stocks that are overvalued but have recently fallen." It is worth noting that Yardeni has raised the possibility of a US economic recession and the stock market entering a bear market from the previous 20% to 35%, and has lowered the probability of the bull market continuing until 2025 from the previous 80% to 65%.

Nick Timiraos, a Fed sounding board, published an article in The Wall Street Journal stating that over the past year, U.S. economic policymakers have been focused on achieving the so-called soft landing, that is, reducing inflation without causing an economic recession. Now, a new group of "pilots" is considering adjusting their course, and they themselves acknowledge that this could lead the economy to a hard landing.

Economist and cryptocurrency critic Peter Schiff announced on X platform that he is imitating the US government's launch of the Personal Strategic Bitcoin Reserve Plan, and is following the example of adopting a budget-neutral strategy to obtain bitcoins (accepting donations) without increasing costs, and has received 0.055 BTC so far.

Singapore Exchange (SGX), the largest exchange group in Singapore, is reportedly planning to launch Bitcoin perpetual futures in the second half of 2025. According to Bloomberg, SGX aims to introduce Bitcoin (BTC) perpetual futures for institutional and professional investors to increase institutional market access. A spokesperson from SGX mentioned that the company is anticipating to provide a reliable option for trading cryptocurrency futures with its Aa2 rating from Moody's Ratings. SGX's proposed Bitcoin products are currently awaiting approval from the Monetary Authority of Singapore (MAS) and are designed to be exclusive to institutional investors, as per the report. Bitcoin perpetual futures are a type of cryptocurrency derivative that enables investors to trade based on the value derived from the price of an underlying cryptocurrency without needing to hold the asset.

STRATEGY applied to issue preferred shares worth as much as $21 billion. The issuance is aimed at raising funds for general purposes, including potential Bitcoin acquisitions.

Strategy, the largest public corporate holder of Bitcoin in the world, led by Michael Saylor, is seeking to raise up to $21 billion in fresh capital for the purpose of acquiring more BTC. On March 10, Strategy officially announced a new sales agreement that will enable the firm to issue and sell shares of its 8% Series A perpetual strike preferred stock to raise funds for various corporate needs, including potential Bitcoin purchases. Under the agreement, known as the "ATM Program," Strategy plans to conduct sales in a methodical manner over an extended period, considering the trading price and volumes of the perpetual strike preferred stock at the time of sale. The firm stated in a filing with the SEC that the net proceeds from the ATM Program will be used for general corporate purposes, including the acquisition of Bitcoin and for working capital. Strategy currently holds 499,096 BTC valued at $41.2 billion, which it acquired for $33.1 billion at an average price of $66,423 per BTC. The company had previously revealed intentions to issue and sell shares of its class A common stock to raise $21 billion in equity and $21 billion in fixed-income securities over the next three years as part of its "21/21 plan" to increase its Bitcoin holdings. This is a developing story, and more details will be provided as they become available. Magazine: Kain Warwick from Infinex predicts that the crypto industry has 4 years to grow to a size where it cannot be easily shut down.

Market news: Singapore Exchange will list open-ended Bitcoin futures contracts.

Naeem Aslam, an analyst at Zaye Capital Markets, pointed out in a report that the price of Bitcoin has fallen due to the uncertainty in US regulations and the general risk aversion affecting cryptocurrencies. A cryptocurrency summit held at the White House last Friday did not reveal any details of President Trump's regulatory plans for the industry. Aslam stated that the market is also dealing with concerns about global trade tensions and expectations of a possible weakening US economy.