Morning Report | American Bitcoin's BTC holdings have surpassed 7,000; Midas completes $50 million Series A financing; Upbit's parent company Dunamu announces 2025 revenue
Overview of Important Market Events on March 30整理：ChainCatcher
Important News:
- Data: Ethereum's net supply increased by 81,790.88 coins in the past 30 days
- Strategy did not increase its Bitcoin holdings last week
- Upbit's parent company Dunamu announces 2025 revenue: total revenue of 1.56 trillion won, a year-on-year decrease of 10.0%
- Tokenized asset platform Midas completes $50 million Series A financing, led by RRE and Creandum
- On-chain private credit startup Valinor completes $25 million seed round financing, led by Castle Island Ventures
- American Bitcoin: BTC holdings have surpassed 7,000 coins, nearly tripling since going public
- Bitmine increased its holdings by 71,179 ETH last week, bringing total holdings to approximately 4.732 million coins
What important events occurred in the past 24 hours?
Bitmine increased its holdings by 71,179 ETH last week, bringing total holdings to approximately 4.732 million coins
According to ChainCatcher, Bitmine Immersion Technologies disclosed that it increased its ETH holdings by 71,179 coins last week. The company's current crypto asset holdings include 4,732,082 ETH, 197 BTC, equity worth $102 million in Eightco Holdings, and shares worth $200 million in Beast Industries.
Additionally, the total amount of ETH staked by the company is 3,142,643 coins (calculated at $2,005 per ETH, totaling $6.3 billion).
According to ChainCatcher, Bitcoin asset management company Strive (ASST) will collaborate with ETF issuer Tuttle Capital Management to launch the T-Strive Digital Credit ETF, aimed at investing in the variable rate Series A perpetual preferred stock STRC issued by Strategy, as well as the preferred stock SATA issued by Strive.
It is reported that in January this year, Strive announced plans to raise an additional $150 million through a secondary public offering, having previously raised $160 million through the oversubscribed SATA IPO. Once approved, the T-Strive Digital Credit ETF will be traded on the Chicago Options Exchange under the ticker DGCR.
Data: UK crypto investment company Abraxas Capital establishes a short position of $135 million in crude oil
According to ChainCatcher, on-chain analysis platform Lookonchain monitored that UK crypto investment company Abraxas Capital has established a total short position of approximately $135 million in crude oil, specifically including 954,996 Brent crude contracts (approximately $102.7 million) and 322,885 WTI crude contracts (approximately $32.7 million).
On-chain private credit startup Valinor completes $25 million seed round financing, led by Castle Island Ventures
According to ChainCatcher, blockchain private credit startup Valinor, co-founded by former Blackstone employees, announced the completion of a $25 million seed round financing, led by Castle Island Ventures, with participation from Susquehanna's crypto division, Maven11, and the founder of Bitcoin mining company turned AI company TeraWulf.
Valinor's core business is to bring the private credit process on-chain. Traditional private credit institutions rely on manual verification and spreadsheet collaboration when handling revolving credit lines. Valinor plans to replace these processes with smart contracts to achieve automated routing of funds and condition-triggered execution.
Both co-founders have traditional finance backgrounds, having worked in banks and Blackstone's private credit division before transitioning to the crypto industry in 2022. Valinor initially focuses on providing loans to crypto companies and will later introduce blockchain technology into the loan process to enhance efficiency. Currently, the company has completed lending for several fintech and crypto companies using blockchain technology.
The funds raised in this round will be used to expand the loan scale, broaden the customer base, and increase team personnel, with the current number of employees being 6.
American Bitcoin: BTC holdings have surpassed 7,000 coins, nearly tripling since going public
According to ChainCatcher, Bitcoin mining company American Bitcoin (NASDAQ: ABTC), supported by the Trump family, announced its BTC reserve data, stating that its holdings have surpassed 7,000 coins. It indicated that since its listing on NASDAQ, the company's BTC reserves have grown by approximately three times.
In terms of global publicly listed companies' BTC holdings, American Bitcoin currently ranks 16th.
Tokenized asset platform Midas completes $50 million Series A financing, led by RRE and Creandum
According to ChainCatcher, tokenized asset platform Midas announced the completion of $50 million in Series A financing, led by RRE and Creandum, with participation from Framework Ventures, Franklin Templeton, and Coinbase Ventures.
Midas focuses on converting institutional-grade yield strategies into on-chain token products. This round of financing will be used to expand its Midas Staked Liquidity (MSL) system—a standalone liquidity layer designed to meet user withdrawal needs through pre-configured funds, allowing for instant redemption without gradually liquidating positions when investors exit, thus addressing the issues of existing treasury structures locking up funds and long redemption cycles.
Data: Ethereum's net supply increased by 81,790.88 coins in the past 30 days
According to ChainCatcher, data from Ultrasound.money shows that Ethereum's net supply increased by 81,790.88 coins in the past 30 days, bringing the total supply of Ethereum to 121,570,566 ETH, with a current supply growth rate of 0.82% per year.
According to ChainCatcher, South Korean media Decenter reported that Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, released its annual performance report for 2025, showing declines in both revenue and profit.
According to the consolidated financial statements, Dunamu's operating revenue for 2025 is 1.56 trillion won, a year-on-year decrease of 10.0% (compared to 1.73 trillion won in the same period last year); operating profit is 869.3 billion won, a year-on-year decrease of 26.7% (compared to 1.18 trillion won in the same period last year); and net profit is 708.9 billion won, a year-on-year decrease of 27.9% (compared to 983.8 billion won in the same period last year).
Reports indicate that the decline in performance is mainly attributed to the shrinking trading volume in the crypto asset market against the backdrop of a global economic downturn. Dunamu's revenue structure is highly concentrated in trading fees, which accounted for 98.26% of total revenue in 2025.
Robert Kiyosaki, author of "Rich Dad Poor Dad": Inflation and geopolitical conflicts will drive up oil prices, optimistic about assets like Bitcoin and Ethereum
According to ChainCatcher, Robert Kiyosaki, the author of "Rich Dad Poor Dad," stated on social media that the continuous expansion of national debt and currency issuance will drive inflation upward, putting continuous depreciation pressure on dollar savings. At the same time, he believes that geopolitical conflicts may persist in the long term and provide upward support for oil prices, further exacerbating the inflationary environment.
Robert Kiyosaki pointed out that in the current global context of debt, currency, and inflation, personal financial awareness and asset allocation are particularly crucial, and he holds a relatively optimistic attitude towards assets such as gold, silver, oil, food, as well as Bitcoin and Ethereum.
Strategy did not increase its Bitcoin holdings last week
According to ChainCatcher, Strategy disclosed in its latest regulatory filing that as of the week ending March 29, 2026, the company did not purchase any new Bitcoin, maintaining its holdings at 762,099 coins; at that time, this batch of Bitcoin was valued at over $51.5 billion.
Hackers leak data of 1.5 million Binance users, internal servers were not directly breached
According to ChainCatcher, cybersecurity platform VECERT disclosed on March 28 that hackers, under the name PexRat, are selling a database containing personal information of 1.5 million Binance users on the dark web, including sensitive information such as names, emails, phone numbers, KYC verification status, login IP addresses, and two-factor authentication methods.
Analysis indicates that this incident did not involve a direct breach of Binance's internal servers, but rather that attackers bypassed the captcha mechanism to obtain data through credential stuffing and automated scraping. Affected users face a high risk of SIM card hijacking and phishing attacks. This incident comes at a time when Binance's institutional OTC trading business is rapidly growing, with trading volume reaching 25% of the total for the entire year of 2025 in just January and February. This is the second data security crisis Binance has faced, following the leak of 420,000 account credentials in January.
Tencent's Zhang Jun: WeChat Work CLI open-source project launched on GitHub community
According to ChainCatcher, Tencent's PR director Zhang Jun stated today that on March 30, the WeChat Work CLI open-source project was launched on the GitHub community, opening up seven core product capabilities including messaging, scheduling, documents, smart forms, meetings, to-do lists, and contacts, supporting calls from mainstream AIAgents (such as ClaudeCode, Codex, WorkBuddy, QClaw, etc.).
Developers can use these capabilities to enable AIAgents to understand and call WeChat Work capabilities in a more natural way, quickly developing AI applications that are closer to everyday office scenarios.
Hyperliquid Labs has unstaked 333,000 HYPE, which will be distributed to team members on April 6
According to ChainCatcher, on-chain data shows that the Hyperliquid team wallet unstaked 333,000 HYPE (approximately $13 million) 11 hours ago, with HYPE currently priced at $37.56, down 5.14% in 24 hours.
Previously, the official announcement stated that 333,000 tokens from Hyperliquid Labs would be unstaked on March 29 and distributed to team members on April 6.
According to ChainCatcher, Ethereum L2 project Linea tweeted that its cryptographic researcher Alexandre Belling announced on Ethproofs that Linea will transition to RISC-V architecture. The main reason is that each Ethereum hard fork requires a complete rewrite of the constraint module, leading the team to combat complexity for a long time instead of pushing frontier performance. RISC-V only provides 32 registers and about 40 instructions. For proof systems, the tracking range is narrower, can be constructed in real-time, and the prover can immediately start processing proof fragments.
Additionally, RISC-V has a narrower execution trace and Type-1 compatibility, while retaining zkC (constraint native language), Vortex, and Arcane (proof/aggregation stack) as well as formal verification. Linea stated that this move aligns closely with the RISC-V roadmap being promoted by the Ethereum Foundation, with more technical details to be announced in the coming weeks.
Meme Popularity Rankings
According to meme token tracking and analysis platform GMGN, as of March 31, 09:00,
The top five popular tokens in ETH over the past 24 hours are: HEX, SHIB, LINK, PEPE, UNI
The top five popular tokens in Solana over the past 24 hours are: VDOR, Punch, PANDU, neet, Buttcoin
The top five popular tokens in Base over the past 24 hours are: SKITTEN, PEPE, BASED, B3, SKYA
What are some interesting articles worth reading in the past 24 hours?
War not only drives up oil prices, but why did Circle's stock price soar?
There are certain companies that profit when the global situation deteriorates. Defense contractors, oil giants, gold mining companies. These are obvious examples, as their business models are built on instability and factor this instability into their pricing.
Circle should not belong to this category. Its token value has always been fixed at $1, by design. Stability is at the core of its product. However, Circle's stock price has soared from $49.90 on February 5 to about $123 now, more than doubling in just five weeks. Meanwhile, the entire cryptocurrency market is still 44% lower than its peak in October.
As the global situation becomes increasingly turbulent, a company designed to maintain price stability has become one of the hottest trading objects in the market.
I want to explain how it works, why it is more interesting than it seems, and what it tells us about the difference between Circle's essence and the products the market is currently paying for.
Polymarket's rules change, how should airdrop participants respond?
Polymarket officially announced updated "Market Integrity Rules" on March 23, applicable to both its DeFi platform and the CFTC-regulated U.S. exchange. The new rules explicitly prohibit three types of insider trading behaviors and strengthen the framework for combating market manipulation. This policy adjustment did not come out of nowhere, but is a product of a series of controversies and public pressure, as well as Polymarket's compliance self-rescue actions before being impacted by mainstream U.S. financial regulation.
However, the new rules affect not only genuine insider players; do they more directly threaten the interests of the large number of users seeking to exploit the system? Or those professional arbitrageurs who truly provide liquidity?
When Agents become consumers, who will rewrite the underlying logic of internet commerce?
Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of internet commerce. Because payment technology is ultimately just a means; whether users are willing to pay is the real moat.
Risk warning
