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IntoTheBlock: 10% of TON holders return to profitability

according to IntoTheBlock data, TON has recently rebounded from a long-term downtrend, with almost all holders in a loss position in early March. Currently, about 10% of holders have returned to profit. It is worth noting that more than 1.1 million TON coins were withdrawn from exchanges yesterday, indicating that investors are once again accumulating this asset.

GameStop shares restricted on NYSE as short selling surges 234%

according to Cointelegraph, GameStop stock (GME) faced trading restrictions on the New York Stock Exchange due to a 234% increase in short selling volume within 24 hours.

A whale liquidated 590,000 TRUMP tokens, losing more than $1.67 million

according to on-chain analyst @ai_9684xtpa, a certain whale address cleared its holdings of 590,000 TRUMP tokens at an average price of $10.62 in the past three hours, with a total transaction amount of approximately $6.27 million.

The address had previously purchased these tokens at an average price of $13.46 between February 27 and March 15, resulting in a loss of approximately $1.677 million in this transaction. Due to this large sell-off, the price of TRUMP tokens dropped by 3%, with the current price at $10.46.

A certain "band winning rate 81% address" bought 392.7 WBTC in the past half hour

according to on-chain analyst Yu Jin's monitoring, a Bitcoin and Ethereum swing trader with a win rate of 81% bought 392.7 WBTC at an average price of $85,583 within half an hour, with a total transaction amount of about $33.6 million.

The address currently holds 576.3 WBTC (about $49.13 million, average price $85,751) and 4216 ETH (about $8.04 million, average price $2,090). Previously, the address sold 495.5 WBTC at a price of $88,009 on March 26, with a transaction amount of about $43.6 million.

GameStop's $1.3 billion Bitcoin convertible bond conversion price is 35% premium to closing price

GameStop has priced $1.3 billion in convertible senior notes, which are planned to be used to increase its Bitcoin holdings. The notes will mature in 2030, with an initial conversion rate of 33.4970 shares per $1,000, corresponding to a conversion price of approximately $29.85, a premium of about 35% over Thursday's closing price of $22.09. If the issuance is successful, GameStop will become the fourth largest publicly traded company holding Bitcoin globally, behind only Riot Platforms, and surpassing Tesla.

Two new wallets sold 14,064 ETH in the past 8 hours

according to Spot On Chain monitoring, in the past 8 hours, two new wallets sold 14,064 ETH at an average price of $1,959, exchanging it for 27.5 million DAI. All of their ETH was just transferred out through THORChain and Chainflip. Coincidence or money laundering?

A smart investor deposited 11 million MUBARAK and 10 million BROCCOLI on Binance

according to The Data Nerd monitoring, 10 hours ago, a smart investor 0xc27 deposited 11 million MUBARAK coins (approximately $1.49 million) and 10 million BROCCOLI coins (approximately $826,000) into Binance. If he sells all of the above tokens, he will profit $1.65 million through 2 types of tokens, especially the $MUBARAK with an investment return rate of x15.3.

Opinion: Less than 100 projects out of about 37 million tokens in the crypto market are aligned with macro trends such as AI and RWA

crypto analyst Miles Deutscher tweeted that there are currently about 37 million tokens in the crypto market, with 99.9% belonging to "air projects." He believes that only less than 100 projects meet the following criteria: having an experienced team, holding a long-term bullish attitude towards their own tokens (net buying more than net selling), having a clear business model and a roadmap to achieve sustainable profits, finding a real product-market fit or a clear path, being able to deliver continuously regardless of market conditions, having real competitive barriers, and being consistent with macro trends (such as AI, RWA, stablecoins, etc.). He emphasized that investors' task is to find these protocols with long-term potential among many projects and make long-term bets on them.

Ethereum has a total potential liquidation amount of $226.8 million in the $1,800 range

according to DefiLlama data, there is a potential liquidation of $1.099 billion and $1.169 billion at $1804 and $1784 respectively for Ethereum, totaling a potential liquidation amount of $2.268 billion.

Injective officially joins the Blockchain Association

On March 28th, Injective Ecology Express learned that Injective officially joined the Blockchain Association today, which is dedicated to promoting US national policies and regulatory frameworks that support cryptocurrencies. After joining the association, Injective will work together with industry giants such as Brevan Howard, Circle, Coinbase, Pantera Capital, etc., at the local and national levels to promote effective policy changes and ensure that industry demands are reflected in future policy making. The Blockchain Association was established in 2018 to represent top blockchain companies, investment institutions, and projects, and to promote US policies that are favorable to the development of the crypto industry. It focuses on key issues such as consumer protection, market integrity, innovation support, tax regulations, regulatory clarity, and open source software development.