Asia’s computing power demand surges, Zankore secures $3.1 billion in GPU financing.

According to Lookonchain monitoring, a whale has earned $14.93 million in profits from VVV and LIT over just six months. Six months ago, the whale bought 102,189 VVV at an average price of $7.87. It sold 92,189 VVV at $25.75 today, generating $2.37 million from the sale, while still holding 10,000 VVV worth $259,500, resulting in a $1.83 million profit from its VVV trades. Additionally, over the past three months, the whale spent $11.3 million to purchase 4.74 million LIT at an average price of $2.39. The current market value of these LIT holdings is $24.4 million, meaning it has an unrealized profit of $13.1 million.

According to market data from BIT (bit.com), Meta's US stock rose more than 4% in pre-market trading. Earlier, the company launched its personal AI agent Muse, which can handle daily tasks on behalf of users.

According to the Strategy Store page, the Bitcoin-themed Air Jordan collaboration sneaker launched by Strategy has sold out, priced at $250.

According to Arkham’s monitoring, trader @The__Solstice purchased $80,300 worth of STONK on the token’s launch day, when its market cap stood at roughly $2.73 million. The position is now valued at $1.63 million, down from its peak of $2.24 million. The address has sold just 21% of its holdings to date and still holds nearly 80% of the tokens.

Crypto-friendly bank Silvergate’s former CEO Alan Lane published an article reviewing the bank’s liquidation process, stating that Silvergate faced customer withdrawals equivalent to 70% of its demand deposits over several weeks in the fourth quarter of 2022, a scale of bank run that no U.S. bank had successfully weathered before. Lane noted that Silvergate had already conducted balance sheet and liquidity management tailored to the crypto industry’s high volatility at the time. Though forced to sell some highly liquid assets at a loss to repay secured loans, the bank still held sufficient capital and liquidity and remained solvent throughout. The 2022 crypto industry crisis led multiple funds and trading platforms to file for bankruptcy, prompting Silvergate’s clients to sharply reduce their dollar deposits and trigger a bank run. Subsequently, the Biden administration and multiple federal agencies launched investigations into Silvergate, and implemented regulatory policies restricting banks from providing services to the crypto sector. Lane argued that external criticism of Silvergate focused mainly on three areas: over-reliance on the crypto sector, interest rate risk, and regulatory compliance. He emphasized that business concentration does not equate to a lack of risk management, noting Silvergate had made specific plans for industry-specific risks. Additionally, the bank always held high-quality liquid assets to cope with deposit fluctuations, and claimed no regulatory body had found its anti-money laundering controls to be ineffective. After nine years of serving the crypto industry, Silvergate did not collapse due to insolvency or liquidity exhaustion, but voluntarily chose to cease operations under pressure. On March 8, 2023, Silvergate announced an orderly liquidation and cessation of operations.

Binance Alpha has listed 4Stock and Robinhood's on-chain meme coin MEME.