Ethereum Layer 2 network ZKsync issued a reminder on X platform that during protocol upgrade v26, there is a temporary issue with backward compatibility of the Mailbox contract, which will affect L1→L2 transactions. Because the relevant transactions were initially processed by the Mailbox contract, but during the v26 upgrade, due to the bridging and L2 being in different transitional stages, the backward compatibility is temporarily not working. Currently, resolving this issue may take 1.5-2 weeks, so it is recommended that users use "requestL2TransactionDirect requestL2TransactionTwoBridges" on BridgeHub, instead of Mailbox, and also recommend migrating to BridgeHub to avoid the Mailbox contract being deprecated in the future.

the U.S. SEC issued a "Statement on Certain Proof-of-Work Mining Activities" as part of efforts to provide greater clarity on the application of federal securities laws in the field of crypto assets. The Division of Corporation Finance expressed its views on certain activities conducted on proof-of-work (PoW) networks (referred to as "mining"). The statement specifically relates to mining of crypto assets closely associated with the programmatic functionality of public, permissionless networks, which are used to participate in or earn rewards from the consensus mechanism of the network, or to maintain or secure the technical operation and security of the network. We refer to these crypto assets as "Covered Crypto Assets" in this statement, and we refer to their mining activities on proof-of-work networks as "Protocol Mining."

Robbie Mitchnick, BlackRock's head of digital assets, praised the success of the firm's Ether (ETH) exchange-traded fund (ETF) but pointed out a key limitation. Speaking at the Digital Asset Summit on March 20, he highlighted the absence of staking in the current ETF, describing it as "less perfect." Mitchnick emphasized the importance of staking yield in generating investment returns in the crypto space, noting that adding staking to Ether ETFs is a complex challenge that needs to be addressed. Despite the potential benefits, staking ETH comes with risks such as slashing, which could deter traditional investors due to the added layer of risk involved. Joseph Lubin, Ethereum co-founder, also discussed the narrative surrounding Ethereum and emphasized the importance of targeting applications that matter to users and businesses rather than engaging in broad theoretical discussions. BlackRock has promoted Ethereum to investors as a bet on blockchain adoption, innovation, tokenization, stablecoin adoption, and decentralized finance. Data from SoSoValue indicates that ETH ETFs currently hold a total value of $7 billion as of March 20, with a cumulative inflow of $2.5 billion but have experienced a cumulative outflow of $358 million in the past 11 days amid struggles in the cryptocurrency market.

in the discussion regarding the voting listing mechanism implemented by Binance in 2017, Binance founder CZ replied, "Voting started out well. But later it caused some division in the community, leading to project teams attacking each other. It felt like PvP. It also became increasingly difficult to prevent cheating over time. We have to keep changing to new models. Occasionally, it can still be done."

according to on-chain analyst Yu Jin's monitoring, a whale/institution that has held ETH for 8 years transferred 34,000 ETH (67.18 million USD) to Coinbase 5 hours ago. They made a profit of 44 times (65.68 million USD) on ETH.

On March 21st, Meteora, a decentralized exchange based on Solana, announced on the X platform that it has released two proposals for the MET token. The first proposal is called the "LP Incentive Plan," which aims to increase the allocation of MET for liquidity providers from 10% to 15%. The second proposal suggests allocating 20% of the MET supply to the team as part of a long-term incentive structure, which will vest over 6 years from the TGE; in addition, 2% will be taken from the team's 20% MET allocation and distributed to M3M3 stakeholders (M3M3 holders and M3M3 equity holders), with this distribution taking place after a 1-year cliff or 1 year after the TGE, and a commitment to exclude M3M3 bad actors from this distribution.

according to official sources, the Japanese listed company Metaplanet has appointed Eric Trump, the son of former President Donald Trump, as a member of the Strategic Advisory Committee.

according to Bloomberg, major cryptocurrency players are returning to India, betting that regulators may relax restrictions on digital asset trading. US exchange Coinbase Global Inc. recently registered with the Financial Intelligence Unit (FIU) in India as part of launching its retail trading platform and increasing investment plans in the country. This move comes after competitors Binance, Bybit, and KuCoin registered locally, highlighting renewed focus on the Indian market. The country had originally hoped to release a consultation paper on cryptocurrency regulation after assuming the G20 presidency in 2023, but this has not yet materialized. With changes in the global policy landscape - led by the pro-crypto agenda of former US President Trump - India is reassessing this issue.

according to Trader T monitoring, the net inflow of the US spot Bitcoin ETF was $165.79 million yesterday.

market shows AAVE fell below $180, now trading at $179.97, with a 24-hour increase of 1.11%. The market is volatile, please manage risks.