Insider: Another Wei Rejoins OKX, Taking the Role of President's Office Strategy Lead

On March 23, on-chain detective ZachXBT exposed a coordinated network of at least 10 accounts targeting social platform X with panic-driven content—including war-related narratives—to funnel traffic to a crypto scam. The network buys accounts with existing followings, posts consistent sensationalist “apocalyptic” content, and uses multiple alt accounts to amplify reach via mutual retweets, quickly racking up millions of views and engagement. A probe into the group found it also deploys AI-generated fake personas—such as a counterfeit “Asian version of Mario Nawfal”—to boost credibility. Once traffic is captured, linked accounts push fake airdrops or crypto scams, including a pump-and-dump scheme called ORAMAMA heavily promoted on Feb. 22, 2026, before being abandoned. On-chain data shows the operation netted six-figure profits for its organizers. Notably, dozens of legitimate large accounts have unknowingly commented or retweeted the content, expanding its reach further. ZachX

Binance announced on March 23 that it will discontinue deposit and withdrawal services for two network-specific tokens on the BNB Smart Chain starting March 27, 2026, at 16:00 UTC+8. The affected tokens are Automata (ATA) and BENQI (QI). Deposits sent via the BNB Smart Chain for these tokens after 16:00 UTC+8 on March 27, 2026, will not be credited to user accounts and may result in asset loss. Users can still deposit or withdraw these tokens through other networks supported by Binance.

March 23: Per Bitget market data, spot gold dropped from a daily high of $4,473.06 to a low of $4,097.51. At one point, its market cap evaporated by roughly $2.837 trillion—more than twice Bitcoin’s current market cap ($1.362 trillion) and exceeding the total market cap of the entire crypto market (currently $2.427 trillion).

March 23rd — Per data from HyperInsight Monitoring, sharp gains in crude oil and steep drops in gold have left "Hyperliquid early contributor Loracle" (0x8de) facing two-way losses on its PAXG (gold) long positions and WTIOIL (WTI crude oil) short positions. The hedge position currently has a total floating loss of $1.1 million, with an overall size of ~$10.5 million. Additionally, the address added to its HYPE long positions today, bringing the total position size to $19.4 million at an average price of $37.67. The address belongs to Loracle (X: loraclexyz), whose real name is Laurent Zeimes. Previously, on Jan. 12, the address nailed a bottom at an average price of $22, with positions peaking at $52 million.

**March 23 Update: Backpack Token Launch Sparks "Witch Hunt" Backlash** Backpack officially rolled out its token claim and staking page today—only to face immediate controversy over a large-scale account purge. Multiple prominent short sellers and individual investors report the platform has flagged a massive number of accounts as "witch accounts." Community member Anymose claims 99% of their accounts were flagged, including those created via private invites in closed communities. The official team has yet to issue a clear explanation. Some "captains"—roles tasked with driving community growth—are among the hardest hit. Critics question conflicting rule design: the platform encourages users to expand its ecosystem, yet is purging core users who actually fuel that growth. Additionally, community members who spoke with Backpack’s Chinese team say some official staff lack specific details on the situation. Platform X user @gch_enbsbxbs says both their main and alternate Bac

March 23 — Goldman Sachs now expects the European Central Bank (ECB) to hike interest rates by 25 basis points in both April and June 2026, a shift from its prior forecast of unchanged rates this year. This update aligns with last week’s calls from JPMorgan and Barclays, both of which also project ECB rate hikes in April. Goldman Sachs noted that the Middle East conflict has introduced inflation risks, with rising energy prices as a key concern. (Xinhua)