Top Stories

Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year: Forbes

Cryptocurrency exchange Binance moved $1.8 billion of collateral meant to back its customers' stablecoins to hedge funds last year, according to a Forbes article on Monday.

Huawei To Launch Metaverse and Web3 Alliance for East Asia

The cloud branch of Chinese technology titan Huawei has entered into a ‘heavyweight’ partnership with multiple blockchain companies on the launch of its metaverse and Web3 Alliance project, which aims to facilitate the speedy adoption and proliferation of these technologies in the region of East Asia and beyond.

Tron Founder Justin Sun Becomes Top Holder Of Staked Ethereum Amid Shanghai Upgrade

Tron founder Justin Sun has become one of the largest holders of Lido Staked ETH (stETH), as per the recent on-chain data. Justin Sun has been actively staking Ethereum on the liquid staking platform Lido Finance ahead of the most-awaited Ethereum Shanghai upgrade in March.

DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank

The MakerDAO community rebuffed state-chartered Cogent Bank’s proposal to borrow $100 million from the decentralized lending platform Maker, the protocol’s governance site showed on Monday.

Coinbase To Halt Trading of Binance’s BUSD for Not Meeting Listing Standards

Coinbase will suspend trading of Binance USD (BUSD) on March 13 at around noon EST.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $23,366.35 USD, dropped by 1.081% in the last 24 hours;

ETH’s live price is $1,625.90 USD, dropped by 1.12% in the last 24 hours;

BNB’s live price is $303.82 USD, dropped by 1.72% in the last 24 hours;

XRP's live price is $0.37 USD, dropped by 0.32% in the last 24 hours.

Fundraising News

Blockchain Founders Fund Raises $75M To Encourage Web3 Mass Adoption

Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such as Sebastien Borget, chief operating officer of The Sandbox.