News

Odaily reported that Kyle Samani posted on X, stating that PropAMM is one of the most important innovations in market microstructure in recent years, and possibly one of the most significant innovations in decades. Samani explained that in traditional CEXs, there are small but real latency differences between different market makers—even just a few microseconds can determine who updates quotes first and who gets the trade. Therefore, in traditional markets, market makers invest heavily in optimizing physical co-location, fiber optics, network equipment, and hardware, all to gain an advantage in microsecond-level competition. The beauty of propAMM is that the blockchain itself directly "hosts" the market maker algorithms, and the latency required for market makers to update prices only involves electrons moving within the same physical silicon chip. If the previous market order causes the SOL-USD price to change, this information is immediately visible to all propAMMs and is used for pricing the next market order. Everything happens within the same chip, and there is no longer a need for bidirectional communication between servers.

ChainCatcher reported that, influenced by the news of Across Protocol's transformation, ACX rose to $0.0644, returning to the price level of last November. The address 0xDf5…2A0D5, which is the TOP1 holder on-chain (excluding exchanges and project teams), set a price of $0.3655, nearly the peak value of the token, though the actual cost remains unknown. The 51.99 million tokens held by this address were once worth $19 millions, but have now shrunk to $3.41 millions.

Golden Ten Data reported on March 12 that Eli Lee, Chief Investment Strategist at Singapore Bank, stated in a report that disruptions in oil transportation through the Strait of Hormuz, damage to Middle Eastern infrastructure, and increased volatility in crude oil prices could translate into greater risks for stock market valuations. This has prompted Singapore Bank to downgrade its asset allocation for Asian equities (excluding Japan) from "overweight" to "neutral." Within the region, Lee remains optimistic about the mainland China, Hong Kong, and Singapore markets. Lee specifically pointed out that China has accumulated one of the world's largest strategic crude oil reserves, enabling it to buffer the impact of export disruptions through the Strait of Hormuz. He added that oil and gas account for only about 4% of China's power structure, far lower than the average of 40%-50% in many Asian countries and regions.