ETH's main force frequently suspends large orders worth tens of millions, and a new direction may emerge in the 45 minute cycle

The Binance VIDT/USDT perpetual funding rate is currently -1.01%, and bears need to pay funding fees to bulls, indicating a high bearish sentiment in the market. AiCoin [PC - Home - Popular Rankings] has launched the "Fund Rate" ranking, which provides a list of rate arbitrage opportunities. Capital fees are an important mechanism for anchoring spot prices in perpetual contracts, used to balance long and short sentiment. When the funding rate is greater than 0, long positions pay funding fees to short positions; When the funding rate is less than 0, short sellers pay funding fees to long sellers.

The US stock market closed down, with the Dow Jones Industrial Average falling 0.03%, the Nasdaq falling 0.33%, and the S&P 500 index falling 0.22%.

TON Foundation announced that venture capital firms such as Sequoia Capital, Ribbit, Benchmark and Kingsway have invested over $400 million in Toncoin.Crypto exchange Kraken has agreed to acquire CFTC-registered U.S. retail futures trading platform NinjaTrader for $1.5 billion — marking the largest-ever deal between crypto and traditional finance. 

According to BlockBeats, on March 21st, during discussions regarding Binance's voting and listing mechanism implemented in 2017, Binance founder CZ replied, "Voting was good at the beginning, but later it tore apart the community and caused project parties to attack each other. It feels like PVP. Preventing and controlling cheating has become increasingly difficult over time. We need to keep changing modes. We can still do it occasionally

According to BlockBeats, on March 21st, the US SEC issued a statement regarding certain proof of work mining activities. As part of efforts to provide greater clarity for the application of federal securities laws in the field of cryptocurrency, the company's finance department has expressed its views on certain activities conducted on the Proof of Work (PoW) network (referred to as "mining"). The statement specifically relates to the mining of encrypted assets closely related to the programmatic functions of public, permissionless networks, which are used to participate in or obtain from participating in the consensus mechanism of the network, or to maintain or obtain from maintaining the technical operation and security of the network. In this statement, we refer to these encrypted assets as' Covered Crypto Assets' and their mining activities on the proof of work network as' Protocol Mining '. Section 2 (a) (1) of the Securities Act and Section 3 (a) (10) of the Exchange Act respectively define the term 'securities' by listing various financial instruments, including' stocks', 'notes', and' bonds'. Due to the fact that covered crypto assets do not constitute any financial instruments explicitly listed in the definition of "securities", our analysis of certain transactions involving covered crypto assets in the context of protocol mining is based on the "Howey Test" established in the U.S. Securities and Exchange Commission v. W.J. Howey, Inc. case. The Howey test is used to analyze arrangements or tools that are not listed in the aforementioned statutory provisions, based on their 'economic reality'.