Daily | RootData releases overview of the financing data for Q1 Web3 project in 2025; Six members of Trump's cabinet hold millions of dollars worth of cryptocurrency
Reprinted from chaincatcher
03/13/2025·1MCompiled by: Jerry, ChainCatcher
Important information:
- Strategic Bitcoin Reserves Act proposed by U.S. Senator Cynthia Lummis is now published on Congressional Government Website
- Blockchain term mentions in US SEC documents hit record highs in February, with more than 5,000 keyword mentions
- RootData releases overview of the financing data of Web3 project in Q1 2025: CeFi financing amount reached US$2.6 billion
- Fox Business reporter Eleanor Terrett announces his resignation and will host the "Crypto In America" podcast
- Six members of Trump's cabinet hold cryptocurrency, total value of millions of dollars
- China Banknote Printing and Mint Group: Never sells virtual currencies through any channel
- Trump tokens are practical and fake news, and their accounts are stolen.
- Bybit CEO: Hyperliquid's 50-fold leverage giant whale ETH multi-list liquidation event may promote innovation in CEX and DEX liquidation mechanisms
“What important events have happened in the past 24 hours”
According to the official page, the strategic Bitcoin reserve bill proposed by U.S. Senator Cynthia Lummis has now been published on the Congressional government website.
The number of references to blockchain-related terms in the U.S. Securities and Exchange Commission (SEC) EDGAR database reached an all-time high in February 2025, with more than 5,000 keyword mentions, continuing a strong upward trend since mid-2023.
This surge coincides with the significant shift in the way SEC regulates cryptocurrencies under acting chairman Mark Uyeda. Since the new government transition in January, the SEC has ended several high-profile surveys of major crypto companies such as Uniswap, Coinbase, Yuga Labs, Kraken and Gemini, clearly deviating from the “enforcement regulation” strategy of former chairman Gary Gensler.
RootData released an overview of the Q1 Web3 financing data for Q1 2025, with the statistical period from January 1 to March 13, 2025, and the core content is:
- The market dominant in the CeFi field: the total financing amount reached US$2.6 billion, of which Binance invested a single investment of US$2 billion.
- Outstanding performance in the infrastructure sector: 30 infrastructure projects raised $738.8 million, highlighting investors' confidence in crypto infrastructure.
- Financing distribution in other fields: 8 projects in the DeFi field raised US$344.95 million; 4 projects in the tool and information field raised US$230 million; a single project in the game field received US$10 million financing.
Eleanor Terrett posted that after nine years working on Fox Business, she has accepted an invitation from Sei Network to host a new weekly podcast and communications section called "Crypto In America." The show will have a conversation with important figures in the U.S. shaping cryptocurrency policy.
Terrett said she will work with co-hosts Jacquelyn Melinek and Gerald Fenech to go deep into the U.S. capital to explore how lawmakers, regulators and governments can lay the foundation for making the U.S. a global leader in blockchain technology. The first episode of the podcast will be released on March 19.
In addition to work at Crypto In America, Terrett plans to launch its own extended content later this year, continuing to offer the latest exclusive coverage, breaking news and important conversations in the intersection of Wall Street and Washington.
Six members of Trump 's cabinet hold cryptocurrency, total value of millions of dollars
After reviewing financial disclosures of members of the President’s cabinet in January, it found that among the 22 listed Bitcoin wallets, six members of the Trump Cabinet indirectly held Bitcoin through other financial instruments, or invested in cryptocurrencies, with a total value of millions of dollars.
The six members and holdings that invest in Bitcoin include:
- U.S. Secretary of Health and Human Services Robert Kennedy Jr. disclosed a $1 million to $5 million Bitcoin Fidelity cryptocurrency account.
- Russell Vought, director of the Office of Management and Budget, disclosed Bitcoin in a Coinbase wallet worth $1,001 to $15,000, and he said he would divest.
- National Intelligence Director Tulsi Gabbard reported that she owns a Bitwise Bitcoin ETF trust worth between $15,001 and $50,000, and Bitcoin worth between $15,001 and $50,000, which she said she would divest.
- Defense Secretary Pete Hegseth disclosed that he holds $15,001 to $50,000 worth of Bitcoin.
- U.S. Treasury Secretary Scott Bessent's financial disclosure shows that he owns an iShares Bitcoin Trust ETF worth $250,000 to $500,000, and he will withdraw his investment no later than 90 days after confirmation.
- Transport Secretary Sean Duffy disclosed Bitcoin worth $250,000 to $500,000, Bitcoin held in Gemini wallet worth $250,000 to $500,000, and Fidelity Wise Origin Bitcoin Fund worth $50,000 to $100,000.
China Banknote Printing and Mint Group: Never sells virtual currencies through any channel
China Banknote Printing and Mint Group issued a statement on March 13: "Recently, our company has received reports from the public that some criminals pretend to be our company to sell virtual currencies on their websites and apps. Our company hereby solemnly declares that our company has never issued virtual currencies through any means. Please beware of being deceived and avoid losses of their own economic interests."
Trump tokens are practical and fake news, and their accounts are stolen.
db X account previous reports about "Trump tokens are practical" were fake news, and the account was stolen, and the tweet has been deleted.
Bybit CEO Ben Zhou posted on the X platform that the large-scale liquidation of ETH on Hyperliquid with 50 times leverage whales on Hyperliquid is essentially using the platform's clearing engine to exit, and CEX actually faces the same challenge. When the whale is liquidated, the CEX liquidation engine will also take over the position. Reducing the overall leverage ratio is one method and may be the most effective method, but doing so will harm the business because users always want to obtain higher leverage ratios. In addition, although tools such as dynamic risk restriction mechanisms can also be considered, such as the total leverage ratio will be reduced according to the total position size as the position is built, but if the user uses multiple accounts, this problem cannot be fundamentally solved.
If DEX hopes to provide high leverage services in the long run and avoid situations similar to the 50-fold leverage whale on Hyperliquid withdraws from the platform's clearing engine, it may be necessary to try CEX-level risk management, such as market monitoring to detect abusers and market operators. It is interesting to pay attention to the subsequent development of this matter and may promote innovation in liquidation mechanisms.
“What are some great articles worth reading in the past 24 hours”
Sovereign funds have actually penetrated into the crypto market. Who will be the next big bettor?
The "invisible giant whale" in the crypto market has surfaced, revealing the crypto layout of sovereign funds.
Why did Binance raise $2 billion in funding with the UAE royal family?
The UAE "prince" bets on AI for 100 billion yuan and aims at Crypto.
The big waves wash away the sand, and a review of the seven mainstream DEXs in one article
When the Pump era is gone, who is the real DEX winner?
3Jane products are still in the development stage, and the official has opened the application channels for early users.
This time, the king of the market was also successful in large-scale trading and the market was ineffective, and took the initiative to lose its position due to insufficient liquidity, which staged an extreme operation, which triggered the market's worship.
Is there anything safe?
If Binance's stablecoin is in the second half, if it comes to do something, maybe there will be more exciting in the second round of the bull market.
Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of March 13, 19:50:
The top five popular Ethereum tokens in the past 24h are: SPX, PEPE, COCORO, UNO, CHAINSAW
The top five popular tokens in the past 24h are: PIPE, $ROGERS , YODA, ATLAS, TGBW
The top five popular tokens in the past 24h Base are: KYLIE, Four, SKITTEN , VIRTUAL, DRB
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