WuBlockchain Weekly: OKX DEX Abruptly Suspends Services, Binance Releases Article on Binance Alpha 2.0, RWA TVL Su…
1. Federal Reserve Announces Interest Rate Decision (Upper Limit) at 4.50% link The Federal Reserve has announced its interest rate decision. The upper limit remains at 4.50%, in line with expectations, and the previous value was also 4.50%. The Federal Reserve stated that recent data indicate that economic activity continues to grow robustly, the unemployment rate remains stable at a low level, the labor market is in good condition, and inflation remains high. Meanwhile, starting from April, the Federal Reserve will slow down the pace of balance — sheet reduction, reducing the monthly redemption cap for Treasury bonds from $25 billion to $5 billion, while keeping the redemption caps for agency debt and mortgage — backed securities (MBS) at $35 billion. On Thursday, Trump posted that as US tariffs begin to impact the economy (slow down!), the Federal Reserve had better cut interest rates and do the right thing. 2. North Carolina Bitcoin Reserve Bill Authorizes State Treasurer to Allocate Up to 10% of Public Funds to Bitcoin link The Bitcoin Reserve Act SB327 of North Carolina, the United States, empowers the state treasurer to allocate up to 10% of the public funds to Bitcoin. The specific details are as follows: The custody method is multi-signature cold storage; the proof of reserves is subject to monthly audits; and the holding policy stipulates that sales are permitted only under strict conditions during a “severe financial crisis”. Currently, North Carolina possesses a general fund amounting to 9.5 billion U.S. dollars. At present, there are two Bitcoin reserve bills in North Carolina, each pending approval in the House of Representatives and the Senate respectively. 3. Bank of Japan Keeps Interest Rates Unchanged, Aligning with Market Expectations link Japan’s central bank target interest rate as of March 19 is 0.5%, in line with expectations, and the previous value is 0.50%. The Bank of Japan has kept the interest rate unchanged, which is in line with market expectations. Kazuo Ueda, the governor of the Bank of Japan, said that if the economy and prices are in line with the Bank of Japan’s forecast, the interest rate will be raised. How to evaluate the impact of US tariffs on the Japanese economy will become an important basis for policy — making. 4. ECB Governing Council Member: U.S. Support for Crypto Assets Could Trigger the Next Financial Crisis link Francois Villeroy de Galhau, a member of the Governing Council of the European Central Bank, said that the US support for crypto — assets and non — bank finance may lay the hidden trouble for the next financial turmoil. In an interview with the French weekly , he said, “The United States risks making a big mistake through negligence. Historically, financial crises often originate in the United States and spread globally. By encouraging the development of crypto — assets and non — bank finance, the US government is actually sowing the seeds of future turmoil.” He also emphasized that the regulatory measures in Europe are more complete and there is no financial risk in the banking industry of the European Union. 5. Bank of Korea: Never Considered Adding Bitcoin to Foreign Exchange Reserves link The Bank of Korea (BOK), in response to inquiries from members of Congress, stated that it has never considered including Bitcoin in its foreign exchange reserves and believes that a cautious approach should be taken towards this. The BOK pointed out that the price of Bitcoin is highly volatile, and if the market is unstable, Bitcoin may face the risk of a sharp increase in transaction costs during the process of liquidation. In addition, Bitcoin does not meet the standards for foreign exchange reserves set by the International Monetary Fund (IMF). The Bank of Korea added that although countries such as the Czech Republic and Brazil hold a positive attitude, the European Central Bank (ECB), the Swiss National Bank, and the Japanese government all hold a negative stance on Bitcoin as a foreign exchange reserve. 6. Under EU Regulatory Pressure, OKX DEX Suspends Services link On Monday, OKX announced that, after consulting with regulatory authorities, it has voluntarily decided to temporarily suspend the DEX aggregator service. This move enables the implementation of additional upgrades to prevent further abuse. According to official information from OKX, due to the service upgrade, the aggregator trading service of OKX DEX has been suspended, and relevant limit orders and cross — chain orders will be automatically cancelled. The specific resumption time will be determined according to the upgrade progress and will be announced as soon as possible after the resumption. During this period, users can still trade through third — party protocols, and other services of the OKX Web3 wallet can still be used normally. The security of user funds is not affected in any way. OKX CEO Star tweeted that OKX Web3 has introduced a number of anti — abuse control measures, including prohibiting IP access from restricted markets and a real — time blacklist address detection and interception system. In addition, he clarified that the software and services provided by the OKX DEX aggregator include discovering and integrating Dapp and token data on hundreds of blockchains, detecting and calculating the best price path for token exchanges, and helping users broadcast signed transactions to the blockchain network. The OKX DEX aggregator does not touch or store user private keys, does not hold user funds, and all transactions are signed and executed by users themselves using their private keys. OKX Web3 cannot directly execute transactions or trading operations. Earlier, according to Bloomberg, on March 6, national regulatory authorities from the 27 member states of the European Union discussed the issue of North Korean hackers from Bybit using OKX DEX to launder money at a meeting hosted by the Standing Committee on Digital Finance of the European Securities and Markets Authority. Several EU regulatory authorities urged ESMA and the European Banking Authority to take action against OKX. On Wednesday, an OKX announcement showed that the OKX Web3 wallet officially launched a new domain name, web3.okx.com, as the entry point for users to participate in OKX Web3 — related products and decentralized services on the web. The new domain name covers services such as OKX DEX, the Discovery section, OKX Market, and the Developer Center. Users need to go to the new domain name to continue using the relevant functions. The official statement said that after the new domain name is enabled, user assets and the OKX Web3 — related services that users have participated in will not be affected. 7. Binance Publishes Article Introducing Binance Alpha 2.0 link Binance Alpha 2.0 expands Binance Alpha by directly integrating it into the Binance Exchange, while it remains accessible on the Binance Wallet. With the aid of Binance Alpha 2.0, users are empowered to explore and acquire on-chain tokens directly on the Binance Exchange, obviating the necessity to withdraw assets to an external wallet or create an on-chain wallet. CZ expressed his perspective on “Binance Alpha 2.0”, stating, “This is an ingenious initiative that enables CEX users to purchase any DEX tokens directly from the CEX without the need for withdrawals. I opine that other CEXs will follow suit, and the trading volume of DEXs will also witness an increase.” 8. Binance Adjusts Internal Policy, Allowing Employees to Trade Crypto with an Annual Cap of $5,000 link Binance has issued an announcement to all its employees, adjusting its policy on restricting employees’ cryptocurrency investments. It now allows employees who are not part of the token listing team to invest in cryptocurrencies on platforms such as Binance, with an annual investment limit of $5,000. Binance’s internal policy previously required employees to hold the purchased cryptocurrencies for more than 90 days before they could trade them. In February this year, CZ stated on Twitter that due to the above-mentioned policy, employees lacked an understanding of market demand. Subsequently, the aforementioned change occurred in Binance’s internal policy. 9. Seoul Southern District Prosecutors’ Office Conducts Raid and Forced Investigation on Bithumb link The Southern District Prosecutors’ Office in Seoul, South Korea, has launched a compulsory investigation into the cryptocurrency exchange Bithumb, conducting raids on its headquarters in Yeoksam-dong and other locations. The investigation is centered around suspicions that Kim Dae-sik, the former CEO of Bithumb (now serving as an advisor), used company funds to support the deposit for the purchase of a 3 billion won (approximately $22 million) apartment in Seongsu-dong. It is suspected that a portion of these funds was used for Kim Dae-sik’s personal apartment purchase. The Financial Supervisory Service had previously initiated a related investigation and transferred the case to the prosecution authorities. 10. RWA TVL Surpasses $10 Billion, Continuously Setting New Historical Highs link According to DeFiLlama data, the TVL of RWA has broken through the $10 — billion mark, continuously reaching new all — time highs, and has become the seventh category in the DeFi space to enter the $10 — billion — scale club. Among them, the TVL of Maker RWA, BlackRock BUIDL, Ethena USDtb, and Ondo Finance all exceed $1 billion. Fundraising
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Recent Trends in RWA and the Next Major Sector in the Coming Cycle
Thursday, March 20, 2025
In the previous article, we explored market perspectives from both Eastern and Western viewpoints. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Analyzing the Reasons Behind OKX DEX's Suspension of Services in Response to MiCA Regulations
Wednesday, March 19, 2025
Recently, the cryptocurrency exchange Bybit was involved in the largest theft in the crypto industry, with North Korean hackers stealing approximately $1.4 billion in cryptocurrency from Bybit's
WuBlockchain Talks with BitMart Founder Sheldon: From Bicoin in College to 7 Years of Entrepreneurship and US Regu…
Tuesday, March 18, 2025
Sheldon, founder of BitMart, first encountered Bitcoin as a college sophomore in 2013 after reading about an ASIC mining breakthrough. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
In-depth Analysis of the $1.5 Billion Theft Incident at Bybit: Identifying Security Blind Spots in Multi-signature…
Tuesday, March 18, 2025
This discussion started with the $1.5 billion theft incident of Bybit, mainly exploring the security vulnerabilities of multi-signature wallets (like Safe) and their solutions. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
The Rise of TIMEFUN: An In-Depth Analysis of Celebrity Time Tokens
Tuesday, March 18, 2025
Recently, Binance founder CZ shared his idea of time-based tokens, where KOLs tokenize their time. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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