Wu Says Daily Selected Crypto News - U.S. March Added Jobs 178,000, the Largest Increase Since December 2024

1. U.S. adds 178k jobs in March, marking the biggest increase since December 2024

U.S. adds 178k jobs in March, the largest increase since December 2024; February was revised down to a loss of 133k jobs; the unemployment rate fell from 4.4% to 4.3%. Historical data show that since 1948, the U.S. unemployment rate has averaged 5.66%, hit a 14.8% peak in April 2020, and reached a low of 2.5% in May 1953.

Nick Timiraos said that the March employment report shows a decline in the unemployment rate and a rebound in hiring, indicating that labor market conditions are better than previously expected—and at least not further deteriorating—temporarily easing the pressure on the Federal Reserve as it weighs the trade-off between inflation and employment, or reinforcing internal views that slowing rate cuts and that interest rates are close to neutral.

2. Drift event impact extends to more than 20 protocols; Prime Numbers Fi estimates losses exceed $10 million

The scope of the Drift protocol incident continues to expand. The number of affected protocols has risen from 11 reported yesterday to 20. Nine newly added protocols include PiggyBank, Perena, Vectis, Valeo, Amp Pay, Loopscale, Prime Numbers Fi, Gauntlet, and Exponent. Among them, Prime Numbers Fi estimates losses exceed $10 million.

3. MARA cuts about 15% of staff, moving forward with a transition to energy and digital infrastructure

MARA, one of the largest publicly listed Bitcoin mining companies in the U.S., has cut about 15% of employees, affecting multiple departments and some contract personnel. The company said the move is part of a strategic adjustment aimed at shifting from a pure mining company to an energy and digital infrastructure company. Affected employees will receive about 1 month of paid leave and 13 weeks of severance pay. MARA recorded a net loss of about $1.3 billion in 2025, and it also sold more than 15k BTC to repay convertible notes.

4. Two departments jointly deploy a new crackdown campaign targeting clusters of illegal “black and gray industries” in the financial sector

On March 14, the Ministry of Public Security’s Economic Crime Investigation Bureau and the Inspection Bureau of the National Financial Regulatory Administration held a meeting to jointly deploy a six-month crackdown on illegal “black and gray industries” clusters of crimes in the financial sector. The meeting stressed strengthening coordinated cooperation between criminal law enforcement and administrative enforcement of financial regulation, strictly investigating prominent illegal and criminal acts in the financial sector. The meeting also required highlighting key targets, focusing on directions including illegal lending and deposit-taking intermediaries, malicious debt evasion and avoidance in the lending area, illegal agency for policy cancellation and claims settlement in the insurance sector, and improper debt collection practices for credit cards.

5. Cambodia advances legislation to crack down on crypto scams: top masterminds can face life imprisonment

Cambodia’s National Assembly has passed its first cybercrime bill targeting scam compounds, focusing on cross-border fraud and money laundering using crypto assets. The bill stipulates that general scams can carry 2 to 5 years of imprisonment and fines. For cases involving criminal groups or multiple victims, the maximum penalty can be 10 years. It also covers money laundering, data collection, and recruiting scam personnel, among other acts. The bill is still pending the King’s signature to take effect.