Zhao Changpeng: On-chain trading is not as good as CEX

Zhao Changpeng responded multiple times on the X platform regarding previous on-chain contract testing, stating: "On-chain trading is not as good as CEX"

Organizer: Jerry, ChainCatcher

Important News:

Zhao Changpeng responded multiple times on the X platform regarding previous on-chain contract testing, stating: "On-chain trading is not as good as CEX. My understanding of futures is that you never want others to know your liquidation price." He also indicated: "Decentralization and privacy are two different matters. They can be achieved simultaneously, for example, using zero-knowledge proofs."

Previously, Zhao Changpeng responded to "using BNB to long Mubarak": conducting the first on-chain contract trade to see if there are MEV issues.

Kyle, the Web3 product manager at OKX, announced on social media that the OKX Wallet independent application has officially launched on the Google Store. Users can now directly search for "OKX Wallet" to download and install it, and the App Store is under review.

According to on-chain analyst Yu Jin's monitoring, the DeFi project WLFI supported by the Trump family purchased 3.539 million MNT for 3 million USD just 15 minutes ago, with an average transaction price of about 0.84 USD.

As of now, WLFI has invested approximately 343 million USD in 11 tokens including ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, SEI, AVAX, and MNT, with an overall paper loss of about 109 million USD, resulting in a loss rate of one-third. Some tokens have mutual "lifting" behavior with WLFI.

Cathie Wood, CEO of Ark Invest, stated that the U.S. has fallen into a "rolling recession" (with different industries experiencing recession in rotation).

In an interview with Bloomberg, she said: "We believe we have entered a rolling recession, and in fact, we will see some quarters of negative growth, as the velocity of money is collapsing." She predicts that the collapse of money velocity will trigger 1-2 quarters of negative growth in the U.S. economy, preparing for tax cuts from the Trump administration and interest rate cuts from the Federal Reserve.

Despite her pessimistic view on the short-term outlook for the U.S. economy, Wood revealed that Ark Invest has recently bought the dip in cryptocurrency-related assets such as Tesla, Coinbase, and Robinhood, firmly believing that "technological disruption will bring about healthy deflation."

It is worth mentioning that in early March, Wood stated at Bloomberg's investment conference in New York that the U.S. economy was at the end of a "three-year rolling recession," after which the U.S. stock market would soar. However, she now seems to have changed this view.

DWF Labs officially announced the launch of the Liquid Fund, valued at approximately 250 million USD. The fund will provide strategic capital and ecosystem support to ensure the sustainable growth of medium to large token projects, promote real applications, and drive industry transformation.

Investment sizes will range from 10 million to 50 million USD, aiming to accelerate the real growth of a broader cryptocurrency ecosystem.

According to the official page, Binance Alpha has listed BUBB and AGON.

According to the official announcement, OKX will soon list PARTI (Particle Network), with the following schedule: PARTI deposit opening time: March 24, 2025, 6:00 PM (UTC+8); PARTI auction time: March 25, 2025, 8:00 PM to 9:00 PM (UTC+8); PARTI/USDT spot trading opening time: March 25, 2025, 9:00 PM (UTC+8); PARTI withdrawal opening time: March 26, 2025, 6:00 PM (UTC+8).

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Meme Tokens

According to the meme token tracking and analysis platform GMGN, as of March 24, 19:50:

The top five most popular Ethereum tokens in the past 24 hours are: SPX, DOPE, MEGA