Balancer proposed two governance proposals to eliminate the token issuance mechanism and reshape the economic model, increasing liquidity provider fees to 75% and repurchasing and burning BAL tokens worth $3.6 million. The move aims to reduce reliance on token incentives and shift toward real yield. It also launched a $500,000 compensation plan to balance interests, while consolidating resources to focus on core products, demonstrating a transition from a high-inflation model to a DeFi structure centered on cash flow.

NovaBay Pharmaceuticals announced on March 23 a rebranding to Stablecoin Development Corporation, with its ticker symbol changed to SDEV, redirecting its business focus toward cryptocurrency and stablecoin development. The company completed a private financing round of 134 million dollars, acquiring substantial SKY tokens and cash, with additional purchases made through secondary markets. As of March 16, the company held approximately 2.06 billion SKY tokens, valued at approximately 147 million dollars.

Boyaa Interactive announced on March 22 that its board of directors recommended shareholders approve the use of up to $70 million in idle cash to purchase cryptocurrencies to support its Web3 business development. The company currently holds 4092 bitcoins, 302 ethereum, and 7.0007 million USDT.

Gate News reported that on March 21, water resource management company Ecolab Inc. announced it will acquire CoolIT Systems from KKR for approximately $4.75 billion in cash to capitalize on the growing demand for liquid cooling technology in AI-driven data centers. Technology companies are increasing their investments in AI infrastructure, driving the industry's shift from traditional air cooling methods to more efficient liquid cooling systems to handle higher chip density and power loads.

Gate News reports that on March 20, according to Caixin, Ant Group intends to list Ant International separately on the Hong Kong Stock Exchange. Ant International Vice President Shi Wenyi revealed that its digital payment and financial services platforms, Remitly and Antom (global merchant payment services), have integrated blockchain global settlement technology to achieve real-time fund arrival, effectively reducing funds in transit and improving capital turnover efficiency. Additionally, the platform has introduced an AI foreign exchange time series forecasting large model capable of high-precision predictions for future cash flows and foreign exchange exposure.

Strive disclosed in its financial report that as of March 17, its total Bitcoin holdings increased to 13,628 BTC, with a Q1 return rate of 13.8%. The holdings originated from PIPE financing, acquisitions, and other market activities. Additionally, Strive holds preferred stock valued at $50.4 million and cash of $83.7 million.

Police in Wanshan District, Tongren City, Guizhou Province, China have cracked a virtual currency trading fraud case. The victim was defrauded of 7118 USDT, equivalent to over 50,000 yuan. The scammers used read-only wallets and cash displays to gain trust before quickly transferring assets. Police remind the public that virtual currency trading carries high risks and requires careful verification of wallet address authenticity.

Gate News reported that on March 20, a certain analyst advised investors to hold "dry powder" (referring to cash reserves or funds awaiting investment) during periods of price volatility. On Thursday, Bitcoin price fluctuated around $70,377.59 and moved in the direction of $69,000.

Biopharmaceutical company Acurx Pharmaceuticals has approved a $10 million Bitcoin purchasing plan to hedge against R&D funding depreciation risks; Enfusion plans to invest 10% of excess cash into Bitcoin and Ethereum; Nature's Miracle launched a $5 million Bitcoin reserve plan, demonstrating that cryptocurrencies are being incorporated into reserve assets. Meanwhile, crypto custody service demand has grown by 40%.

South Korean police arrested 19 members of a fraud ring suspected of money laundering and seized approximately 6 billion won in criminal proceeds. The gang used an unregistered virtual asset exchange to convert fraud cash into USDT and transfer it overseas, with money laundering amounts reaching hundreds of billions of won.