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BTC $66,864.13 +1.10%
ETH $2,023.61 +1.58%
BNB $616.87 +1.21%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $482.17 +2.77%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.8888 -0.23%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

rewards

Huobi HTX will launch the "National Lobster Trading Competition" today at 20:00: The champion will exclusively receive a reward of 1000 USDT, and participants can share the prize pool by guessing the champion

According to the official announcement, the Huobi HTX "全民龙虾交易赛" will officially start on March 26 from 20:00 to 22:00. Special invited AI trading experts will compete with their exclusive AI players in a 2-hour racing showdown to validate their strategies in real trading.This competition has three major awards for the champion, runner-up, and third place. The champion will receive a reward of 1000U equivalent in $HTX, the runner-up 500U, and the third place 200U. The competition results will be evaluated based on a combination of profit amount ranking (weight 60%) and return rate ranking (weight 40%). At the same time, Huobi HTX will provide each participant with a loss reimbursement of up to 200U equivalent in $HTX and a subsidy for large model calls of up to 50U equivalent in $HTX, helping AI players to compete at full strength.Regular users can also win prizes! Log in to the Huobi HTX App and enter the event page to participate in the champion prediction. If you guess correctly, you can share a prize pool of 100U equivalent in $HTX. The entire event will be live-streamed, with real-time analysis of AI orders and opening and closing strategies. During the breaks, users can easily copy strategies by one-click following excellent traders and share in the trading benefits of experts.Follow the official Huobi HTX live broadcast room and lock in on March 26 at 8 PM to witness the peak showdown of AI competition.

Circle's stock price once fell by 18%, and the U.S. Clarity Act draft aims to limit stablecoin rewards

On Tuesday morning, US stocks saw the issuer of USDC, Circle (CRCL), drop by as much as 18%, while the crypto platform Coinbase (COIN) fell by about 8%. CoinDesk reported that the latest draft of the U.S. Clarity Act aims to restrict rewards on stablecoin balances, including prohibiting rewards for passive stablecoin balances and banning structures that are "economically equivalent to interest."Mizuho analyst Dan Dolev stated that the draft may prohibit payments of earnings solely for holding stablecoins and limit any practices that make the program equivalent to bank deposits in any way. The report mentioned that the GENIUS Act previously prohibited issuers from directly paying earnings to users, but issuers and platforms arranged rewards through methods such as distributing earnings from reserve assets; among them, Circle earns interest on the assets backing USDC and shares it with Coinbase, which uses this to provide rewards to users.Keyrock digital asset researcher Amir Hajian noted that the latest draft of the Clarity Act points to the aforementioned "earnings penetration" model by prohibiting arrangements that are "economically equivalent to interest." Additionally, USDT issuer Tether announced that it has hired one of the "Big Four" accounting firms to conduct a comprehensive audit of its USDT reserves. The report also pointed out that this drop occurred after Circle's stock price had risen by 170% since early February, with Clear Street analyst Owen Lau suggesting that the market reaction may be excessive; market participants are also factoring in expectations of interest rate hikes.
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