Gate News Announcement: On March 11, the Solana ecosystem DeFi protocol Drift announced that on March 12, it will launch cross-chain deposit functionality, allowing users to transfer funds from any major trading platform and start trading.

On March 11,, French police arrested 12 suspects involved in planning last year's cryptocurrency kidnapping case, rescuing a Swiss man who had been held for four days. The kidnappers demanded ransom paid in cryptocurrency, and the victim was subjected to severe abuse. Authorities have identified approximately 20 related individuals and have filed multiple charges against several suspects.

Gate News Report, March 11: According to Whale Alert monitoring, USDC issuer USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.

On March 11, the US stock market overall declined, with the Dow Jones Industrial Average down 1.00%, the Nasdaq down 0.2%, and the S&P 500 index down 0.4%. Crypto-related stocks all turned lower, with several companies' stock prices dropping significantly.

On March 11, among the top 100 cryptocurrencies by market capitalization, Internet Computer had the largest increase, rising by 7.60%; while Midnight experienced the largest decline, dropping by 14.23%. The other top five gainers included Humanity Protocol, Artificial Superintelligence Alliance, Hyperliquid, and JUST, while the top five losers were Kite, Dogecoin, Zcash, and Jupiter.

Gate News Report: On March 11, a newly created address starting with 0xFB0f withdrew 8,209 ETH from a certain CEX, worth approximately $16.85 million.

Gate News Announcement: On March 11, a CEX announced that its adjusted revenue for 2025 reached €371 million ($430 million), a 16% increase from the previous year. Registered users grew by 25%, reaching 7.4 million. In 2025, the exchange expanded its product offerings, strengthened institutional partnerships, and made significant progress in regulatory compliance, including obtaining the MiCA license across the European Union and cryptocurrency licenses in the UK and UAE.

A certain CEX appointed Stephen Gregory as the new CEO on March 9, succeeding Norman Reed, who will continue to serve as an advisor. Gregory plans to expand the Earn suite, staking services, and DeFi products under his leadership to attract more users.

2026-03-11 15:00 to 2026-03-11 15:15 (UTC), ETH price briefly and rapidly declined within the range of 2042.35 to 2065.57 USDT, with a K-line return of -0.80% and an amplitude of 1.13%. Market volatility intensified during this period, with significantly increased attention, and short-term market pressure triggered market alertness. The main driving force behind this anomaly is large-scale on-chain fund flows and sell pressure concentrated on decentralized exchanges (DEX). Monitoring data shows multiple large ETH transfers to trading platforms, suspected to involve institutions or whales.