Tag: 七爷

The U.S. Commodity Futures Trading Commission (CFTC) has released pilot rules for crypto asset collateral, specifying that only Bitcoin, Ethereum, and stablecoins are eligible as collateral. BTC and ETH are subject to a 20% capital requirement, while stablecoins carry a 2% capital requirement. Futures commission merchants (FCMs) participating in the pilot must comply with regulatory and reporting obligations, and the scope may expand to include other crypto assets after three months.

OpenAI plans to grow its workforce to 8,000 employees by the end of 2026, aiming to accelerate its catch-up with rival Anthropic and narrow the gap in talent reserves.

SpaceX and Tesla will jointly unveil the Terafab project on March 23, aiming for an annual compute capacity exceeding 1 terawatt, covering chip design, storage, and packaging. Approximately 80% of the project’s capacity will serve space applications, while 20% will support terrestrial use—highlighting Elon Musk’s dual-track strategy for computing infrastructure in both space and on Earth.

Bitcoin spot ETFs recorded three consecutive days of net outflows, with a single-day outflow of $52.1 million on March 20. Among them, BlackRock’s IBIT saw the largest single-day net outflow, while VanEck’s HODL posted a modest net inflow. The total assets under management (AUM) of bitcoin spot ETFs currently stand at approximately $9.03 billion, with cumulative net inflows exceeding $5.62 billion since inception.

Ethereum spot ETFs recorded three consecutive days of net outflows, with a single-day outflow of $41.97 million on March 20. BlackRock’s ETHB product saw逆势 net inflows of $5.46 million, while ETHA experienced a sharp outflow of $31.45 million. The total assets under management (AUM) of Ethereum spot ETFs currently stand at approximately $1.23 billion, representing 4.79% of Ethereum’s total market capitalization.

Grayscale has filed to launch an ETF tracking Hyperliquid’s native token HYPE, aiming for listing on Nasdaq under the ticker GHYP. The fund will be custodied by Coinbase and use CoinDesk pricing data. Currently, HYPE is not stakable, though staking may be enabled in the future. Earlier, 21Shares and Bitwise also submitted similar applications.

xAI, Elon Musk’s AI company, has adopted an on-site engineer deployment strategy to compete for AI clients—successfully persuading payment firm Shift4 to migrate from ChatGPT to its Grok model. Shift4’s founder is a long-time ally of Musk, and the two companies maintain close business ties. Currently, xAI’s client base is heavily concentrated among Musk-affiliated enterprises and government agencies—a move that also reflects the broader AI industry trend of competing for clients through on-site technical support.

BitFuFu's revenue in 2025 totaled $476 million, up 2.7% year-on-year. Cloud-based hashrate business generated $350.6 million in revenue, growing nearly 30% and becoming the core pillar; however, self-operated mining revenue declined sharply. The company posted a full-year net loss of $57.4 million, with mining costs rising significantly to an average of $77,573 per BTC. Total hashrate and number of cloud-based hashrate users both achieved double-digit growth.

Altcoin trading volume on major centralized exchanges like Binance has dropped sharply, with Binance's current volume at around $7.7 billion—far below its previous active range of $40–50 billion. Data shows waning investor interest, and altcoins are significantly underperforming Bitcoin. Analysts note that volume peaks often coincide with market FOMO, while the current market downturn may harbor potential investment opportunities.

Cryptocurrency hardware wallet provider Ledger has appointed former Circle executive John Andrews as its new CFO, paving the way for its planned IPO. Andrews previously played a key role in Circle’s IPO preparations and brings relevant experience. Ledger has also opened an office in New York City to expand its U.S. operations. However, Andrews noted that market volatility may delay the timing of the IPO.

U.S.-listed Bitcoin treasury company Strive disclosed that, as of March 17, it holds a total of 13,628 BTC, primarily acquired through financing and acquisitions. Additionally, the company holds $50.4 million worth of STRC perpetual preferred shares and $83.7 million in cash.

Nasdaq-listed Eightco announced an additional $40 million investment in OpenAI, bringing its total investment commitment to $90 million. Eightco also holds substantial crypto assets including WLD and ETH, making it the largest publicly traded participant in the WLD ecosystem. Recently, Eightco secured a $125 million investment commitment and appointed the Chairman of Bitmine to its board.