BNB breaks through the $600 mark

According to BlockBeats, on March 17th, according to Lookonchain monitoring, a certain whale continued to short ETH/BTC trading pairs. Giant Whale extracted 3644 cbBTC ($304 million) from Coinbase and deposited 3034 cbBTC ($253 million) into Aave. Then borrow 79638 ETH ($152 million) from Aave and deposit it into Coinbase.

According to on chain analyst @ ai_9684xtpa monitoring, the price of BNX coin has risen by 38% in the past 24 hours, making the current long short ratio reach "long 19.42% vs air force 80.56%". Due to BNX's plan to change its name to FORM again, Binance will automatically clear BNX/USDT contract trading pairs at 5pm today; Since midnight today, 3 million BNX short positions have surrendered and left the market.

According to SoSoValue data, the cryptocurrency market sector generally fell, while RWA and SocialFi sectors saw slight gains. RWA sector rose 0.75% in 24 hours, with MANTRA (OM) rising 3.10%. SocialFi sector rose 0.56%, while within the sector, Toncoin (TON) rose 1.40%. At the same time, ssiRWA and ssiSocialFi, which reflect the historical market trends of the sector, rose 0.48% and 1.41% respectively in 24 hours. In addition, the CeFi sector rose 0.38% in 24 hours. Within the sector, Binance Coin (BNB) rose 1.58%, OKB rose 3.45%, Cronos (CRO) rose 2.18%, and MX rose 2.27%. In terms of other sectors, the Meme sector fell 0.55% in 24 hours, while within the sector, Shiba Inu (SHIB) rose 5.72% against the trend; The PayFi sector fell 1.07%, with Ultima (Ultima) rising 14.68% against the trend; Layer 2 sector fell 1.17%, while Mantle (MNT) rose 5.47% within the sector; The DeFi sector fell 1.18%, while the Layer1 sector fell 1.83%.

OKX CEO Star has announced that OKX Web3 has implemented multiple control measures to combat abusive behavior, including IP blocking for restricted markets and real-time blacklist address detection and interception systems. In the future, OKX will continue to work with global partners to jointly develop industry control standards. Star emphasizes that the OKX DEX aggregator will not touch or store user private keys, nor will it host user funds. All transactions of the user must be signed and executed using their personal private key. OKX Web3 itself does not have the ability to execute any transaction or purchase. Its role in the blockchain industry is similar to that of Chrome and Google in the Internet industry, focusing on providing software and services. Many well-known companies also offer similar aggregator services, and OKX Web3 has a greater influence in the industry due to community support. Details link: https://x.com/star_okx/status/1901459005685608760?s=46

According to a report by Golden Ten, US President Trump previously signed an executive order ordering the US Treasury and Commerce departments to establish a sovereign wealth fund within the next 12 months, which will be managed by Michael Grimes, a former technology investment banker at Morgan Stanley. The fund is expected to be primarily funded by tariffs. Currently, there are rumors in the cryptocurrency industry that Trump may use his sovereign wealth fund to purchase Bitcoin. Despite this, Bitcoin not only did not receive a boost on the 17th, but also fell more than 1% during trading.