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10:16
The Japanese Bankers Association plans to introduce LBO financing guidelines to prevent leveraged buyout risks.
Golden Ten Data reported on March 11 that, according to informed sources, due to the surge in M&A transaction volume in Japan, Japan's major banking lobbying groups plan to formulate risk management guidelines for lenders providing leveraged loan financing. Sources said that the Japanese Bankers Association will release a report on leveraged buyout (LBO) financing this month, and the guidelines will be included as part of the report. Although such guidelines are not binding, they are in practice followed by the influential members of the association. Sources also stated that the report may discuss the necessity of standardized contracts and provide a list of market terms and their definitions, which is part of Japan's efforts to set standards for financial institutions entering the country's LBO market. They further noted that the association is concerned about the recent rise in interest rates, which will increase the need to monitor companies' debt repayment capabilities and changes in cash flow.
10:16
Solana leads all L1 and L2 networks in revenue for two consecutive months
According to Blockworks data, Solana has surpassed all L1 and L2 networks in terms of network revenue for two consecutive months.
10:15
On-chain CRCL's largest long position profit expands to $450,000, with simultaneous bets on Korean ETF already yielding a 26% profit
BlockBeats news, on March 11, according to CRCL (Circle), the price has continued to surge in the past two days, reaching an intraday high of $121 today, with the contract currently quoted at $117 on Hyperliquid. The largest long address for CRCL on the platform has seen its floating profit expand to $460,000 (38%), with a position size of $4.33 million at an average price of $104. This position was opened five days ago, and additional long positions have been continuously added near $102 in the following days. It is reported that this address is also the largest long holder of EWY (Korean ETF) on-chain, with a position size of about $6.5 million at an average price of $128. After the sharp decline in the Korean stock market, the holder bet on a price rebound, and the floating profit has now reached 26%, with weekly account gains of $850,000.
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