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Important news from last night and this morning (March 15-16)

Sources: ByteDance Suspends Global Launch of Seedance 2.0 Due to Copyright Disputes According to IT Home, citing The Information, two sources familiar with the matter stated that ByteDance, the Chinese parent company of TikTok, has suspended the global launch of its latest video generation model, Seedance 2.0, following a series of copyright disputes with several major Hollywood studios and streaming platforms. The report states that ByteDance originally planned to launch the new video model to global users in mid-March, but has now suspended the plan. The report adds that ByteDance's legal team is investigating and resolving potential legal issues, and engineers are also adding protective mechanisms to prevent the model from generating content that could lead to further intellectual property infringement. Tether CEO: Tether AI Team to Release "Breakthrough" This Week Tether CEO Paolo Ardoino posted on the X platform that the Tether AI team will release a "truly breakthrough" this week. Aave and CoW Swap Release drastically Different Post-Incident Analysis Reports Regarding a $50 Million DeFi Trading Incident According to The Block, Aave and CoW Swap released drastically different post-incident analysis reports over the weekend regarding a $50 million DeFi trading incident. On that day, a user used the CoW Swap widget on the Aave interface to exchange over $50 million worth of aEthUSDT for approximately $36,000 worth of aEthAAVE. Aave attributed the loss to an "illiquid market," emphasizing that the user had manually confirmed 99.9% of price impact warnings, and announced the deployment of the "Aave Shield" feature to block swaps with price impacts exceeding 25% by default. CoW Swap revealed a more complex cascading failure: a rigid gas cap caused better offers to be rejected, the optimal solver won two auctions but failed to execute, and the transaction may have been leaked from a private mempool. Analysis: Strategy Needs to Buy Approximately 6,158 Bitcoins Per Week to Reach 1 Million Bitcoins by Year-End According to CoinDesk, Strategy currently holds 738,731 Bitcoins. To reach 1 million Bitcoins by the end of 2026, it needs to purchase an additional 261,269. Based on approximately 42 weeks remaining, this equates to an average purchase of about 6,158 Bitcoins per week. At an average price of $85,000, the total investment would be approximately $22.2 billion. The company's recent purchasing pace suggests this goal may be achievable: 17,994 Bitcoins were purchased last week, and this week's STRC preferred stock issuance hints at a purchase of approximately 11,000 Bitcoins. Since launching its Bitcoin Treasury strategy in August 2020, Strategy has averaged approximately 10,700 Bitcoins per month. So far in 2026, it has purchased approximately 64,948 Bitcoins, far exceeding its historical annual average. ShapeShift's founder spent 29.44 million USDT to buy 13,986 ETH in the past 24 hours. According to Onchain Lens monitoring, in the past 24 hours...
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-08 20:33

Report: TradeFi contract trading volume accounted for 11% of total contract trading volume in the first five months of 2026.

According to a recent stablecoin industry report released by Binance Research on July 8th, in the first five months of 2026, TradeFi-related perpetual contracts accounted for approximately 11% of the total perpetual contract trading volume, with a cumulative trading value exceeding $1.1 trillion. Binance's trading value exceeded $500 billion, representing a market share of approximately 47%.

07-08 20:31

The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.

According to Mars Finance, the legal team of the Bank of Korea has published a research paper titled "Regulatory Scheme for Foreign Remittance Transactions Targeting Stablecoins," proposing regulatory recommendations for large-scale stablecoin transactions. The paper, referencing current South Korean foreign exchange control regulations, proposes constraints on stablecoin transfers exceeding $10,000 between individuals, requiring such transactions to be conducted only between officially certified wallets, along with a pre-reporting mechanism. The institution acknowledges that there are technical obstacles to fully controlling unregistered wallets, but due to anti-money laundering compliance requirements, it is necessary to strengthen restrictions on large-scale cross-border stablecoin fund flows. South Korean regulators have previously repeatedly stated the need to improve the monitoring system for cross-border crypto asset transactions using non-custodial wallets; this paper further refines and implements the regulatory approach.

07-08 20:22

Gate responded to online rumors of user asset theft: An urgent investigation is underway, and preliminary assessments indicate it is an isolated incident.

According to Foresight News , Gate responded to online reports of user assets being stolen, stating that the incident shows the customer made a withdrawal between 3:00 PM and 4:00 PM on July 7th, and reported the loss to online customer service at 5:00 PM on July 8th. Gate has initiated an investigation, and the incident is currently under urgent investigation. Preliminary assessments indicate it is an isolated case, there are no system security vulnerabilities, and the website is operating normally. Preliminary investigations suggest this incident may be related to a leak of user information; the specific details are under investigation. Gate will disclose further details as soon as the investigation concludes.

07-08 20:19

Justin Sun has staked $430 million in Ethereum on Lido, yielding an annualized return of approximately $9.5 million.

According to Odaily Lens monitoring, Justin Sun Sun has been continuously staking ETH through Lido Finance. 23 hours ago, Justin Sun staked another 13,000 ETH, worth approximately $23.08 million, bringing his total staked ETH on Lido to 247,436 stETH, currently valued at approximately $430.2 million. Data shows that since February 2023, this staking position has generated a total of 11,307 stETH staking profits, worth approximately $26.82 million. Based on the current profit level, Justin Sun position has an annualized return of approximately $9.5 million.

07-08 20:17

Guangdong: By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced.

According to Mars Finance, 11 departments, including the Guangdong Provincial Government Service and Data Management Bureau, recently issued the "Guangdong Provincial Action Plan for Promoting the Digital Transformation of Cities and Building Smart Cities." The plan emphasizes using cities as comprehensive carriers for the construction of Digital Guangdong, promoting infrastructure connectivity, data integration, platform interoperability, business integration, and a smooth ecosystem. It also aims to actively explore future-oriented smart city management models and achieve high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area smart city cluster. By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced, the level of efficient digital governance will be greatly improved, digital public services will be more efficient and convenient, the momentum of digital economic development will be fully released, and the digital ecosystem will be comprehensively and collaboratively guaranteed. A number of effective and replicable typical application scenarios for digital transformation will be implemented, with Guangzhou, Shenzhen, Foshan, and Dongguan taking the lead in building efficient smart governance systems and implementing a number of advanced, usable, and independently controllable large-scale urban models. By 2030, no fewer than 10 cities will have achieved full-area digital transformation, achieving an overall leap in the digital transformation of cities throughout the province, forming a number of new smart city benchmarks and digital China city models with regional competitiveness and national influence. (Cailian Press)

07-08 20:10

Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.

Odaily Odaily that Morgan Stanley reiterated its "Overweight" rating on Rocket Lab (RKLB) and maintained its target price of $105, but raised its most bullish target price from $185 to $293. Morgan Stanley analysts believe that the acquisition of Iridium will expand Rocket Lab's potential market space and reposition the company as a vertically integrated space platform. While SpaceX has significant scale and cost advantages over Rocket Lab, the latter is moving closer to the former's model.