The Lido ecosystem operations team has proposed to use up to 10,000 stETH from the treasury to purchase LDO, as its exchange rate is below the historical median of 63%. The plan will be executed in batches to control slippage within 3%, and all acquired LDO will be returned to the treasury.

Liquid Capital founder Yi Lihua pointed out that the cryptocurrency market is in a bear market, the war is not over, and the rebound is weak. The market's performance over the past four years has been disappointing, with crashes and regulatory impacts causing harm to all parties; only Wall Street's ETFs and a small number of believers continue to provide support, while innovation in the crypto space is progressing slowly.

Gate News reported that on March 27, Yi Lihua published a post on platform X expressing his views on the current state of the cryptocurrency market. According to his perspective, the current cryptocurrency market is in a bear market and the war is not yet over, lacking significant rebounds. Yi Lihua stated that the performance of the cryptocurrency sector over the past four years has been disappointing, with the crypto middle class, retail investors, and VCs all being harvested, while exchanges, market makers, and project teams continue to extract funds. He pointed out that the current capital inflow in the market mainly comes from Wall Street ETFs, DAT, and a few believers, and that there has not yet been any disruptive innovation in the cryptocurrency sector.

Zhipu released GLM-5.1, making it available to all GLM Coding Plan users. In the coding ability test, GLM-5.1 scored 45.3, significantly better than the previous generation’s 35.4, and close to Claude Opus 4.6, showing clear progress.

Recently, Anthropic's Claude service experienced a major outage, affecting all three main product lines. Reports show that around 25 incidents occurred between March 13 and 27, with the highest error rate frequently tied to issues with the login system. Although the normal uptime rate remained around 99%, demand for the service and capacity pressure increased noticeably.

On March 27, due to a temporary drop in BTC prices, the BTC, HYPE, and SOL longs of whale 0x965 were all liquidated, with a liquidation scale reaching $13.53 million, making it the largest single liquidation address within 24 hours. Within two days, the total liquidation of this address exceeded $38 million.

In the last 48 hours, there were 12 whales on the Hyperliquid platform with positions exceeding one million dollars in WTI and Brent crude oil, all of which were long positions. The largest position in WTI crude oil was 1.83 million dollars, while in Brent crude oil it was 1.2 million dollars, both approximately 2.4% and 2.6% away from the liquidation price, respectively.

Aave has proposed a governance proposal to allocate 100% of all product revenue to the DAO, attracting market attention. This proposal emphasizes the value distribution of "protocol as community" and commits to future development centered around the Aave ecosystem, while introducing a quarterly reporting mechanism to enhance transparency. If approved by voting, Aave could become a DeFi protocol with prominent community-driven characteristics.

On March 27, the on-chain address "Strategy Counterparty" liquidated all its BTC long positions using 40x leverage, resulting in a loss of approximately $249.8k. The address has since flipped and opened a $5.0M BTC short position and holds a $25.74M Brent crude oil long position, with an unrealized profit of $1.16M.

Defense AI company Shield AI announced it has completed a $2.0 billion funding round, with its valuation jumping from $5.3 billion to $12.7 billion, a gain of 140%. The round was led by a major PE player, signaling a shift in the structure of defense technology investment. Shield AI and companies like Anduril have all achieved substantial valuation increases, indicating that the market’s outlook for defense AI firms has shifted toward evaluating platform potential. The U.S. military has also set AI and autonomous systems as a separate budget category, further driving the flow of defense technology funding.