According to CoinDesk, SBI VC Trade, a cryptocurrency exchange under Japanese financial giant SBI Group, announced on March 4th that it has completed the registration of the first "electronic payment method and other trading practitioners" related to stablecoin trading in Japan. After obtaining approval, the company will begin processing the stablecoin "USDC" issued by Circle Corporation in the United States on March 12th. However, this feature will currently be in the testing phase and its circulation scope is limited to within the group. With the latest approval, SVI VC Trade now holds three licenses: cryptocurrency exchange business, first-class financial instrument business, and electronic payment instrument trading business.

After the opening of the US stock market last night, BTC plummeted in tandem, and Binance, Coinbase, and OKX, the three major platforms, staged a "selling storm", hitting $205 million, $72.93 million, and $70.78 million respectively, with the average price concentrated in the range of $85000-88000. This main action sends two major signals: One is to create panic by taking advantage of the volatility of the US stock market, amplifying selling pressure and triggering a trend following trend; The second is to ship in stages on different platforms, with Binance selling at a high price to lock in profits, and Coinbase selling at a low price to accelerate its breakout, exacerbating market volatility. Editor's note: BTC is under significant short-term pressure, and it is necessary to judge the situation of stopping the decline based on the acceptance of buying forces. Currently, the key support is at $83000. The data is sourced from the PRO "Large Transaction" indicator, which can track the real-time trading situation of the main market price. It is for reference only and does not constitute any investment advice!

THORChain, a decentralized protocol enabling users to swap cryptocurrencies across various blockchains, has seen what can be described as an unwanted windfall after the Bybit hack.The protocol processed $4.66 billion in swaps in the week ended March 2, the highest tally on record, according to data source DefiLlama. The tally exceeded the $1 billion mark on Sunday alone.See all newslettersThe surge in activity follows the hack of the crypto exchange Bybit on Feb. 22, which saw the North Korean malicious entity walk away with $1.4 billion in ether. Per observers, the entity used THORChain to swap and launder funds, resulting in a record activity on the platform."Starting from the initial Bybit Exploiter wallet, funds were sent across a further stretching net of wallets. With each 'hop' further from the main wallet, there was an increasing amount of intermediary wallets and the value transfers became smaller and smaller," blockchain analytics firm Nansen said in a report shared with CoinDesk."From hop 2, the hacker started interacting with third-party entities to start swapping and laundering the funds. Entities with the most inflow volume from the hack include THORChain, Paraswap, Mantle, OK DEX and DODO," Nansen added.CoinDesk reached out to THORChain for a comment on the matter.Per onchain analyst EmberCN, hackers have laundered the entire ETH balance in ten days, generating record revenue for THORChain."Hackers have laundered all 499,000 ETH ($1.39 billion) stolen from Bybit, a process that took 10 days. The ETH price has fallen by 23% in the process (from $2,780 to $2,130 today). THORChain, the main channel used by hackers to launder money, also earned $5.9 billion in transaction volume and $5.5 million in handling fees due to hackers' money laundering," EmberCN said on X.

Odaily Planet Daily News: According to Lookonchain monitoring, out of the 3.03 million SOLs pledged by FTX/Alameda today, 24799 of them flowed into Binance, worth approximately $3.38 million.

About 30 minutes ago, 5 million TRUMP tokens were transferred from an unknown address to the cryptocurrency exchange Binance, with a total amount of $61.4375 million. In response, Onchain Lens clarified in a post that the community does not need to worry because this is only a transfer transaction between Binance cold wallets, not a whale selling.