March 6th: A U.S. federal judge issued a temporary restraining order against the crypto lending institution BlockFills, temporarily freezing its disputed assets. Dominion Capital filed a lawsuit on February 27th, accusing BlockFills of misappropriating and unlawfully withholding customer crypto assets worth millions of dollars, commingling customer assets and concealing significant losses, and refusing to return them after suspending withdrawals from the BlockFills platform in February. The frozen amount is 70.6 BTC, and it has prevented BlockFills from transferring the assets overseas.The struggling crypto lending institution BlockFills recorded a $75 million loss and suspended user deposits and withdrawals on February 11th. The company, headquartered in Chicago, serves around 2,000 institutional clients, with a trading volume of $60 billion expected in 2025, and is currently seeking a buyer.

March 6th, Culper Research, a U.S. activist short seller, announced that it has shorted Ethereum and related securities, including the stock of BitMine, the largest Ethereum treasury company.Culper Research believes that Ethereum's tokenomics were damaged after the Fusaka upgrade in December 2025. The upgrade raised the Gas limit, causing Gas fees to plummet by about 90%, far exceeding the 10-30% expected by Vitalik and others, and further leading to a surge in low-value activities, explaining why there has been over 95% growth in new wallets. Culper Research points out that Ethereum's top bull, Tom Lee, has emphasized true utility or institutional adoption that does not exist, as Tom Lee does not understand Ethereum at all. Ethereum's founder, Vitalik Buterin, has realized this issue and is selling off. Since January, Vitalik has sold over 19,300 ETH continuously. Culper Research predicts that the ETH price will further decline.Culper Research is a U.S. activist short-selling institution established in 2019, focusing on exposing listed companies' alleged financial fraud, misleading statements, significant risk concealment, related party transactions, etc., through the release of in-depth research reports to drive stock prices down and profit from them.

March 6th, according to GMGN monitoring, the Base ecosystem token FAI saw its market cap surge from around $32 million to $46 million this morning, continuing its recent gains. The current market cap has retreated to $42 million, with a 54% increase in the past 24 hours and a trading volume of $3.1 million during the same period.FAI is the native token of the Freysa AI project, deployed on the Base chain, which saw a significant increase in market cap last year due to a Musk tweet, reaching a peak of $660 million.BlockBeats reminds users that Meme coins are highly volatile, mostly driven by market sentiment and meme hype, lacking real value or use cases. Investors should be aware of the risks.

March 6th, according to DeBank data, the investment firm ParaFi Capital recently reportedly swapped $5.3 million worth of AAVE for SKY. Data shows that on March 3rd, ParaFi Capital transferred around 42,500 AAVE (worth approximately $5.26 million) to Coinbase Prime, and then withdrew 7 million SKY (worth around $5.38 million) from Coinbase Prime today. This asset adjustment occurred during the Aave governance dispute, with the two transactions totaling similar amounts and taking place approximately 3 days apart.

March 6th, a bill was proposed in the state of New York, USA, to ban AI from answering professional field questions in medicine, law, dentistry, nursing, psychology, engineering, and other fields.According to relevant interpretations, this action is essentially not to protect the public, but to "protect the knowledge monopoly of the industry that charges $500 per hour using politicians." Lawyers don't want users to know that AI can draft a contract in 30 seconds, doctors don't want users to know that AI can interpret blood reports better than residents, engineers don't want users to know that AI can review your design sketch overnight. New York State's proposed ban on AI answering professional questions is not to protect users, but to protect their business.

March 6th, according to CloverPool data, the Bitcoin network has completed a new round of difficulty adjustment today at block height 939,456 at 1:28 (UTC+8), with the difficulty value increased by 0.45% to 145.04 T. The current Bitcoin network's total hash rate has reached 1.02 ZH/s, and the next difficulty adjustment is expected to take place in about 13 days and 20 hours.

March 6th, Du Jun, co-founder of ABCDE, stated that he will return to entrepreneurship and plans to launch an institutional trading platform in the second quarter. Welcome new and old friends to show your support, customer service Xiao Du will be online soon.Du Jun, co-founder of ABCDE, is an early well-known serial entrepreneur in the Chinese blockchain industry. Starting in 2005, he was engaged in domain name investment and internet cafe game private service business in Beijing, later joining Kang Sheng Chuangxiang to take charge of the product. After the company was acquired by Tencent in 2009, he became the youngest product manager (P3 level) at Tencent. In 2013, he co-founded the world's top cryptocurrency exchange, Huobi, with Li Lin and others. After the sale of Huobi in 2022, Du Jun, along with others, founded the Web3 investment fund, ABCDE Capital.

March 6th, PsiQuantum has launched the construction of a fault-tolerant quantum computer facility in Chicago aimed at 1 million quantum bits, following the photonic quantum computing route and leveraging mature semiconductor, fiber optics, and cooling technologies for scalability. The construction is progressing rapidly, with 500 tons of steel structure erected in just a few days. The first phase is expected to be partially completed around 2027, with the ultimate goal of being operational around 2028. The computing power of this facility is equivalent to hundreds of billions of traditional computers, mainly serving next-generation AI supercomputing.The crypto community is currently paying attention to its potential to break Bitcoin. Terry Rudolph, co-founder of PsiQuantum, has made it clear that they have no intention of using quantum computing to attack Bitcoin, and the company's scale is too large to do so secretly. With recent discussions on quantum threats intensifying, the Bitcoin community has been discussing hard forks to address the issue. Currently, the world's largest quantum computer has only 6100 bits, far from reaching a practical threshold, thus posing limited short-term threats to Bitcoin.

March 6th, Justin Sun posted, stating that we still hold all purchased LIT and are bullish on Lighter for the long term. We are rebalancing the wallet and will soon redeposit on the Lighter LLP platform.Previously on January 1st, out of the approximately $200 million funds Justin Sun deposited in the Lighter LLP platform, he has withdrawn about $38 million, used around $33 million to purchase 13.25 million LIT tokens, and the balance in the spot account is about $5.5 million. This LIT holding accounts for about 1.33% of the total token supply and 5.32% of the circulating supply.