Rug Pull: An address lost $24 million in a "rug pull" attack with aEthUSDC

**March 7 – Kristin Smith, President of the Solana Policy Institute, recently commented on the legislative progress of the *Clarity Act*.** Smith noted that while the bill has faced pushback—including Coinbase CEO Brian Armstrong’s withdrawal of support and banking industry controversies—its complexity has ensured the legislative process will be long-term. Current negotiations feature two key new developments: first, direct White House involvement, with presidential aides like David Sacks pushing for dispute resolution; second, traditional financial institutions joining talks for the first time. If the Senate Banking Committee completes its review in March or April, the legislation could advance before the July recess; otherwise, the next window likely delays until fall. A former head of the Blockchain Association who helped pass the *Genius Act*, Smith argued that despite opposition from Elizabeth Warren and others, support from key Democrats like Chuck Schumer and ongoing press

March 7th — Per on-chain data from analyst Yu Jin, whale address 0x65b4 once again bought the ETH dip 10 hours ago, spending $12.5 million in USDC to purchase 6,228 ETH at an average price of $2,007. This address previously bought the dip in ETH and BTC following last year’s October 11 market crash, spending $32.58 million in USDC — only to sell at a loss in November, incurring an $830,000 USDC loss.

On March 7th, on-chain data analyst Yu Jin noted that ParaFi Capital withdrew 70 million staked SKY tokens 4 hours earlier—valued at roughly $5 million.

Coinbase’s institutional service platform will integrate with CFTC-regulated futures broker Coinbase Financial Markets on March 7 to offer 24/7 trading of over 20 futures contracts, the company announced. It will also launch “perpetual” futures via Coinbase Derivatives—expanding its perpetual contracts lineup following crypto-native exchanges’ push into the derivatives market late last year. Derivatives typically make up 70% to 75% of total crypto trading volume. The move comes as Coinbase ramps up its OTC brokerage services, aiming to become a one-stop institutional provider covering custody, risk management, financing, lending, and trade execution. Last year, Coinbase began branding itself a “universal exchange,” announcing plans to expand into mature markets like stock trading and emerging areas such as tokenization and prediction markets. Last month, the exchange rolled out stock trading services nationwide. Competitors including FalconX, Bitgo, and DCG have spent years devel

On March 7, Onchain Lens data reveals a whale that had been dormant for a year suddenly became active, staking 8,208 ETH (valued at $16.85 million) with Kiln Finance. The whale accumulated this ETH over four years at a cost of $16.09 million, currently holding just a $768,000 profit.

March 7 (Bloomberg) — Air travel restrictions are pushing many buyers to delay new gold orders: they’re unwilling to absorb high freight and insurance costs, and can’t guarantee on-time delivery. Sources note traders are selling gold at discounts of up to $30 per ounce below the London spot price to avoid indefinite storage and financing costs. While some gold was loaded onto outbound flights midweek, plenty of cargo remains stranded as of Friday. Dubai and the broader UAE are key refining and transshipment hubs for gold exports to Asian buyers, plus a transit route for gold shipments from Switzerland, the UK, and several African nations. As the U.S.-Iran conflict enters its seventh day with no resolution in sight, partial UAE airspace closures are in effect. Gold is usually shipped in the cargo holds of commercial passenger jets. Given the risks and complexities of overland border crossings, traders and logistics firms are hesitant to truck high-value gold to airports in Saud