News

BlockBeats News, March 6, Justin Sun stated in a post that we still hold all the LIT we have purchased and remain long-term bullish on Lighter. We are currently rebalancing the wallet and will soon redeposit into the Lighter LLP platform. Previously, on January 1, out of the approximately $200 million Justin Sun deposited into the Lighter LLP platform, about $38 million has been withdrawn, and around $33 million was used to purchase 13.25 million LIT tokens. The spot account balance still has about $5.5 million remaining. This LIT holding accounts for approximately 1.33% of the total token supply and 5.32% of the circulating supply.

Golden Ten Data reported on March 6 that Khoon Goh, Head of Asia Research at ANZ, stated that Asia is in a favorable position to cope with rising oil prices. The region's current low inflation starting point provides a buffer to absorb energy-related price increases. Economic growth momentum is also very strong, driven by the semiconductor supercycle. Policymakers may take action to limit the depreciation of local currencies to prevent further risks of imported inflation.

BlockBeats News, 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.