Meme coin MarsCoin slumped to a market cap of $7 million, plunging 65% in a single minute after nearly halving in value.
According to GMGN data, the BSC-based meme coin MarsCoin (contract address starting with 0x1706) saw a sharp short-term plunge after surging over 400x in a single day, hitting an all-time high of over $36 million in market cap earlier tonight. Its market cap then nearly halved to $21 million within an hour, before plummeting 65% in one minute at 22:07, dropping to $7 million. A wallet address linked to Binance CEO CZ showed unusual activity this afternoon, burning 4,444 units of the MarsCoin meme token. Separately, Binance Alpha previously listed a token of the same name, MarsCoin (contract address starting with 0xfe18), which currently has a market cap of $52 million, up 6% on the day. BlockBeats reminds users that most meme coins lack real-world use cases, are highly volatile, and investors should exercise caution.
4 minutes ago
U.S. debt risks have surged, leading to a shift toward short-term Treasury bonds to meet growing borrowing demands.
The U.S. Treasury’s reliance on short-term debt is growing: Currently, U.S. Treasury bills make up 21% of the tradable Treasury securities market, a share near its highest level since 2020. Back then, amid the COVID-19 pandemic, the U.S. federal government’s borrowing spiked. This is far above the 10-15% range recorded between 2012 and 2019. By contrast, during the 2008 financial crisis, this proportion reached roughly 34%. Meanwhile, the U.S. government is increasingly leaning on short-term Treasuries to cover its rising borrowing needs, rather than long-term bonds. If the U.S. Treasury continues issuing long-term debt at its current pace through fiscal 2027, long-term Treasuries will account for 25% of total debt—their highest share since 2004. However, this strategy amplifies the government’s vulnerability to short-term interest rate swings. If rates stay elevated or climb again, debt servicing costs will become far more unsustainable. The U.S. debt crisis is now fully unfolding.
4 minutes ago
A certain crypto address sold MarsCoin worth $171,000 too early, then chased the rally to buy it again.
According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x333…29cd2 offloaded 5.12 million MarsCoin tokens at a low price of $0.00006885 just two days before MarsCoin’s sharp surge today, suffering a loss of $4,533. At that time, the token’s market capitalization stood at only $68,000, while that same batch of tokens is now valued at $171,000. The address purchased $2,308 worth of the token 55 minutes ago to chase the rally; though it is currently in an unrealized profit position, it has not yet recouped its overall losses.
4 minutes ago
DeFiLlama: Delays mobile app launch due to phishing apps on the App Store
DeFiLlama founder 0xngmi has revealed that his team delayed the launch of the platform’s official mobile app due to long-running phishing apps impersonating DeFiLlama on Apple’s App Store. The team will not release the official mobile app until all fake apps are taken down, to lower users’ risk of falling victim to scams.
In a statement yesterday, 0xngmi said: “For months, we’ve been working to get Apple to remove a fake DeFiLlama app, and have repeatedly reported its trademark infringement and impersonation of our official app to the company. We topped up a small test wallet, downloaded the app, and as expected, all funds in the wallet were stolen. We then reported the incident to Apple, and the app was removed within days. We hope other crypto firms take note of this so they don’t waste time the way we did.”
4 minutes ago
SafePal Discloses Security Vulnerability in Tracking Plugin: Unauthorized Access to Some Customer Order Information, Affecting Approximately 39,798 Users.
SafePal has officially announced a security vulnerability in its order tracking plugin that enabled unauthorized access to some customers’ order information. Approximately 39,798 users are affected, all of whom placed orders between March 2, 2025 and April 11, 2026. Leaked data includes names, email addresses, shipping addresses, phone numbers and purchase details. Notably, users’ wallets, mnemonics and private keys remain fully secure—this incident does not involve mnemonics, private keys, wallet passwords, bank account information, payment card numbers or government-issued identification. The issue has been resolved, and additional security measures have been implemented. All affected customers have been individually notified via email, and SafePal has launched an official verification page where users can check their impact status using their order number and shipping country. SafePal apologized for the incident, reminding users never to disclose mnemonics, private keys or passwords, stay vigilant against phishing and impersonation attempts, and will release further updates on its official blog.
4 minutes ago
Meme coin MarsCoin surges over 40-fold in a single day, pushing its market cap past $32 million.
According to GMGN data, the market cap of MarsCoin, a meme coin on the BSC chain with a contract address starting with 0x1706, has surged past $32 million, hitting an all-time high, with its price jumping over 40 times today. A CZ-associated wallet address showed unusual activity this afternoon, burning 4,444 units of this MarsCoin. Separately, Binance Alpha previously listed a MarsCoin token of the same name (contract address starting with 0xfe18), which currently has a market cap of $52 million and is up 6% today. BlockBeats reminds users that most meme coins have no real use cases, are highly volatile, and investors should exercise caution.
4 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
