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Supporters of cryptocurrencies have long advocated that cryptocurrencies can be used to hedge against various "uncertainties", but they have not been able to survive the global slump in risky assets.Celsius Networks LLC, one of the world's largest cryptocurrency lending platforms, said on Sunday local time that "due to extreme market conditions," the platform will suspend all withdrawals, transactions, and transfers between accounts

Why does Bitcoin remain relatively stable after thunderstorms such as FTX?A recent report by Morgan Stanley's analyst SheenaShah team analyzed the reasons behind this.She believes that the main reason is that Bitcoin prices have plummeted this year, trading activity is surprisingly low, and currently 78% of Bitcoin has not been traded in six months, setting a record high in history

Reporter: Cai Ding, Editor: Gao HanSince the beginning of this month, there has been a continuous turmoil in the "coin circle".After Justin Sun, founder of Tron and member of Huobi's global advisory board, was sued by the Securities and Exchange Commission (SEC) on March 22, Eastern Time,On Monday, March 27th Eastern Time, the US Commodity Futures Trading Commission (CFTC) sued Binance, the world's largest cryptocurrency exchange, and its CEO, Zhao Changpeng, for alleged violations of regulatory measures.It is reported that CFTC filed the above-mentioned lawsuit in the Federal Court of Chicago on March 27th Eastern Time. CFTC stated that Coin An did not register with it, thus evading a series of its obligations.According to a Bloomberg report,Since at least 2021, the CFTC has been investigating whether Coin Security has failed to prevent the American public from buying and selling cryptocurrencies and their derivatives.According to CFTC rules, if a platform allows the American public to trade a certain derivative, it must be registered with that institution.Image source: TwitterAfter being sued by the US CFTC, Zhao Changpeng posted a one word tweet on his personal social media platform:fourSuspected of citing the fourth clause of its 2023 focus and recommendations released at the beginning of the year in response: IgnoreFUD, fakenews, attachments, etc, Ignoring FUD (fear, confusion, doubt) messages, fake news, malicious attacks, etcCFTC: The defendant intentionally disregarded relevant terms and regulationsAccording to a Bloomberg report,CFTCIRSSEC