According to Onchain Lens monitoring, a whale purchased 10,000 ETH from Bitget, worth $23.14 million. This whale currently holds 31,292 ETH, worth $72.34 million, of which 21,292 ETH (worth $49.22 million) are staked.

According to a report by Asia Economy on March 17th, in response to recent incidents of lost seized cryptocurrencies, the Korean National Police Agency has finalized amendments to its administrative rules regarding the "management of seized virtual assets," including for the first time specific guidelines for the management of "privacy coins." Due to the strong anonymity of privacy coins such as Monero and their difficulty in storing them in hardware wallets, the Korean police have clarified the management regulations for "software wallets (hot wallets)," requiring wallets to be generated on dedicated servers and keys to be sealed. Currently, the Korean police have seized approximately 54.5 billion won worth of crypto assets in the past five years, including 50.7 billion won worth of Bitcoin and 1.8 billion won worth of Ethereum. This move aims to learn from the lessons of the Gangnam Police Station losing 22 Bitcoins and the National Tax Service's theft of assets due to a leaked mnemonic phrase. The police also plan to select a private escrow institution in the first half of this year and are considering establishing a government-led "public escrow" system to address the increasingly complex regulatory needs of digital assets.

Huoxun Finance reported on March 17th that Cysic issued a warning on its X platform stating that the official Cysic Foundation X account, @cysic_fdn, had been compromised due to unauthorized delegated operations. The team is currently revoking access permissions and protecting the account security, advising users to ignore any suspicious posts during this period.

Huoxun Finance News, March 17th – According to TechinAsia, Singapore-based stablecoin payment infrastructure company Dtcpay announced the completion of a $10 million Series A funding round, led by Vertex Ventures Southeast Asia & India. The company has obtained an electronic money institution license in Luxembourg to expand its regulated payment services in the European Economic Area. Dtcpay builds stablecoin payment infrastructure for businesses and consumers and has partnered with Visa to launch cards connecting digital and traditional finance. Its platform supports real-time settlement between stablecoins and fiat currencies.

In the past hour, total liquidations across the network reached $23.44 million, with $21.84 million from long positions, with $1.59 million from short positions. BTC liquidation $11.77 million, ETH liquidation $4.81 million.