Gate News reported that on March 23rd, Grayscale has submitted an S-1 application to the US SEC, planning to launch the Grayscale HYPE ETF (ticker: GHYP). The fund aims to track the spot price of Hyperliquid (HYPE) tokens and is intended to be listed on Nasdaq, with custody services provided by a certain CEX. The filing shows that the fund currently does not offer HYPE staking functionality, but has reserved the possibility of enabling staking in the future once certain conditions are met.

Gate News reported that on March 22, Resolv Labs released a statement on the X platform stating that the security incident involving unauthorized minting of USR tokens is still under investigation. Currently, the collateral asset pool remains fully sufficient with no loss of underlying assets, and the issue appears to be limited to the USR issuance mechanism. The team's current priorities include containing the incident spread, assessing potential impacts, and ensuring legitimate users are not affected. Resolv Labs stated that it will continue to advance the investigation and disclose more progress as soon as possible.

March 20: Prediction markets show two high-win-rate addresses invested $9,700 in betting "No" on the event "Will the U.S. military invade Iran," with the current probability of "No" at 40%. Trump stated during a meeting with the Japanese Prime Minister that he would not deploy U.S. military forces, while the Defense Secretary reiterated U.S. military objectives. Trader behavior indicates short-term arbitrage rather than actual event outcome bets.

PEPE co-founder announced the launch of a new project on March 20, based on exchange fee revenue model to provide income sources for token holders. Although Shiba Inu launched Shibarium and integrated DeFi features, it has failed to stabilize token value, demonstrating that even with practical tools, the long-term value of Meme tokens remains unstable. The specific name and mechanism of the new project have not yet been disclosed.

Gate News report indicates that on March 19, a cryptocurrency address holding 13,215,713 USDT (approximately $13.2165 million) was frozen. The specific reason for this large-scale fund freeze has not been disclosed yet. This incident has once again drawn market attention to the security of cryptocurrency assets and regulatory actions.

On March 19th, U.S. storage concept stocks overall retreated, with Micron Technology (MU) and SanDisk (SNDK) each declining nearly 5%. Despite sector pressure, the two major on-chain longs did not adjust their positions, with both SNDK and MU holdings showing unrealized gains, indicating the market still maintains investment confidence.

Gate News Alert: On March 19, according to monitoring by on-chain analyst @ai_9684xtpa, a certain whale address 0x65B...5Ce93 has purchased 10811.34 ETH on-chain through Cowswap since March 6, valued at $22.58 million, with an average cost of $2088.79. Among these, 4583 ETH were purchased in the past 13 hours. It is worth noting that this address had not traded ETH for 5 months prior to this.

A certain CEX responded to users stating that Bitcoin is not on the TON network. The tokens users transferred were marked as "BTC" but were actually scam tokens. The exchange is assisting in asset recovery, but the process is complex and time-consuming. It reminds users to be vigilant against misoperations and fraud risks.

Stripe and Paradigm's jointly developed new Layer 1 blockchain, Tempo, is expected to launch its mainnet by the end of March, adopting a dual-track model focused on payments and DeFi. The mainnet will not issue tokens, and the team will wait for better market conditions to design the tokenomics model.

Regulatory ambiguity around stablecoins has put traditional banks in operational difficulties, while crypto companies continue to develop in gray areas. Banks are hesitant to invest heavily in stablecoin infrastructure due to advice from legal counselors, leading to limited deployment. Although large-scale deposit outflows have not yet occurred, competitive pressure is increasing.