Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

**Hunan Court Convicts 8 in Money Laundering Scheme Tied to Moutai, Crypto** A Chinese court has handed down first-instance sentences to 8 defendants in a money laundering case in Xiangtan’s Yuetang District, Hunan Province, state media reported. The scheme—using Moutai liquor transactions as a cover and cryptocurrency as a channel—was fully dismantled, involving over 6.84 million yuan (≈$950,000) in illicit funds. The gang operated with clear roles: - Chen coordinated with upstream actors via overseas encrypted messaging to receive telecom fraud proceeds, then contacted “U Merchants” to convert funds into crypto. - Xie provided criminal tools and compiled fund details. - Huang used sham Moutai transactions (via legitimate-looking shells) to hide money trails. - Remaining members assisted with fund settlements and information sharing. The group disguised overseas fraud gains as legitimate business income via fake liquor deals, converted them to crypto for upstream acto

March 20th — Per DefiLlama data, trading volumes on some perpetual futures DEX (Perp DEX) platforms have declined recently, while open interest has seen a slight contraction. Notable trends: - **Hyperliquid**: 24-hour trading volume rebounded from yesterday’s levels, with positions holding at a high level. ~$9.37B in 24h volume; ~$7.00B open interest. - **EdgeX**: May be benefiting from an anticipated listing, driving active trading (ranks second). ~$3.54B 24h volume; ~$1.11B open interest. - **Aster**: ~$3.09B 24h volume; ~$1.86B open interest. - **Lighter**: ~$1.85B 24h volume; ~$722M open interest. - **Grvt**: ~$1.54B 24h volume; ~$490M open interest. - **Pacifica**: ~$441M 24h volume; ~$75.81M open interest. Links retained as original: [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD) | [Aster](https://www.asterdex.com/zh-CN/referral/aboter) | [Lighter](https://app.lighter.xyz/?referral=70045843) | [Pacifica](https://app.pacifica.fi/?referral=pacbot)

March 20: Per LookOnChain data, BlackRock has transferred 47,728 ETH (valued at $102.13 million) and 544 BTC (valued at $38.3 million) to Coinbase Prime.

On March 20, per Whale Alert tracking, a long-dormant Bitcoin whale address—13.7 years old—has just been activated. The address holds 2,100 BTC, currently valued at $147 million; back in 2012, that same amount was worth just $13,685.

**March 20 (The Block) — Gemini and its co-founders Tyler and Cameron Winklevoss face a class-action lawsuit filed Wednesday in the U.S. District Court for the Southern District of New York.** The complaint accuses the crypto exchange of making false or incomplete statements about its business strategy ahead of and following its September 2025 Nasdaq IPO, seeking damages for investors who purchased Gemini stock between the IPO and mid-February 2026. Gemini went public in September 2025, closing at $32 on its first day—but has since plummeted over 80%, finishing at $6.01 on Thursday. Plaintiffs allege the IPO offering framed Gemini as a growth-focused platform prioritizing monthly active user growth and international expansion, without disclosing preparations for a major strategic pivot. Earlier this February, Gemini rolled out its "Gemini 2.0" strategy: a shift to prediction market products, a 25% workforce reduction, and exits from markets including the UK, EU, and Australia—

On March 20th, per Onchain Lens monitoring, a newly created wallet withdrew 139,557 HYPE tokens from Gate, worth roughly $5.49 million.