A security incident occurred on the Bonk.fun platform, where an attacker gained control of the domain and injected malicious content, resulting in some users' funds being stolen. The team has issued a warning, suspended operations, and taken measures to restore security. The attack mainly affected users who signed false agreements. As cyberattack techniques advance, the encryption industry faces greater risks.

A certain cryptocurrency trading platform is accused of lobbying U.S. legislators to oppose the Bitcoin small-transaction tax exemption, suggesting it should be limited to stablecoins. This move has raised concerns within the crypto community, which believes that the policy could be influenced by special interests and hinder innovation. The Bitcoin advocacy organization warns that this approach would be a strategic mistake.

Prediction market platform Kalshi has filed a lawsuit in Iowa, alleging that regulators may restrict the operation of its sports event contract products and asserting federal law takes precedence. The company did not receive a commitment not to take enforcement action after meeting with government officials and faces legal risks. Different states have varying regulatory attitudes toward such contracts, and court rulings are inconsistent, with ongoing disputes over their legal status.

Gate News Report, March 12 — Onchain Lens monitoring shows that the whale address "0xa65" deposited 1.82 million USDC into HyperLiquid and increased its CL short position with 1x leverage. Additionally, the whale also holds a 1x leverage EWY long position.

OpenClaw founder Peter SteinBerger posted a response to Tencent creating Skillhub, accusing it of copying Clawhub's skill content, pointing out that Tencent has not supported his project, and calling on Tencent to help reduce server costs.

Gate News Report, March 12 — Goldman Sachs adjusted its expectations for the Federal Reserve's interest rate cuts, now predicting the Fed will cut rates by 25 basis points in September and December 2026. Previously, Goldman Sachs forecasted rate cuts in June and September 2026.

According to Polymarket data, on March 12th, an address placed a $4,900 bet that "Trump will announce the cessation of military operations against Iran before May." This bet is based on statements from Trump and the U.S. government, with the end of the war being decided by them. Oil prices surged due to Iran's attack on supply chains. The trader's behavior indicates that they are not betting on the actual occurrence of the event.

Gate News Report, March 12 — According to Bloomberg, U.S. prosecutors stated that the request for reconsideration by FTX co-founder Sam Bankman-Fried (SBF) should be denied because he failed to prove that his conviction was unjust. SBF is currently serving a 25-year sentence after the jury found him guilty of fraud and conspiracy in connection with the collapse of the FTX cryptocurrency trading platform in 2023.

As of March 12, Ethereum spot ETFs recorded a total net inflow of $57.012 million on March 11, 2023, in Eastern Time, with all nine ETFs experiencing no net outflows. Among them, the Fidelity ETF had the highest net inflow at $19.1332 million, with a total net inflow of $2.333 billion. Grayscale Ethereum Mini Trust ETF followed, with a single-day net inflow of $19.0788 million and a total net inflow of $1.842 billion. Currently, the total net asset value of Ethereum spot ETFs is $11.85 billion, with a net asset ratio of 4.75%.

On March 11, the total net inflow of Bitcoin spot ETFs reached $115 million, continuing for 3 days of net inflow. BlackRock ETF IBIT had the highest single-day net inflow at $115 million; Fidelity ETF FBTC had a net inflow of $15.3685 million. Grayscale ETF GBTC, on the other hand, experienced a net outflow of $15.9676 million. The current total net asset value of Bitcoin spot ETFs is $90.886 billion, with a total net inflow of $55.902 billion.