Today's News Highlights:
Binance to Restrict Trading of Non-MiCA Compliant Stablecoins in the European Economic Area
ZachXBT: Ripple Co-Founder Still Holds 2.7 Billion XRP, Worth Approximately $7.18 Billion
Trump Claims Crypto Strategic Reserves Will Include BTC, ETH, SOL, XRP, and ADA
Cronos Proposes to Reissue 70 Billion Burned Tokens to "Create Cronos Strategic Reserves"
ADA Surges Over 70% in 24 Hours, Market Cap Rises to Eighth Place
Regulation/Macro
Binance to Restrict Trading of Non-MiCA Compliant Stablecoins in the European Economic Area
Binance announced that to comply with the EU's latest regulatory requirements regarding stablecoins, it will adjust the use of non-MiCA (Markets in Crypto-Assets Regulation) compliant stablecoins in the European Economic Area (EEA). The affected assets include USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. MiCA compliant stablecoin trading pairs (such as USDC and EURI) and fiat trading pairs (such as EUR) will continue to be available and unaffected. Binance advises users to convert their non-MiCA compliant stablecoins (like USDT) to USDC, EURI, or EUR as soon as possible. The custody function for non-MiCA compliant stablecoins will remain, allowing users to deposit and withdraw these assets at any time. The specific adjustment timeline is as follows: Spot Trading: From April 1, 2025, 07:59 (Beijing Time), the spot trading pairs for non-MiCA compliant stablecoins will be completely delisted, but users can still sell remaining assets through Binance Convert. Margin Trading: From March 27, 2025, 15:00 (Beijing Time), non-MiCA compliant margin trading pairs will be completely delisted, and Binance will automatically convert users' related assets and liabilities to USDC, canceling all open orders.
David Sacks, the White House's head of AI and crypto affairs and "Crypto Tsar," confirmed on the X platform that he sold all his cryptocurrency holdings, including BTC, ETH, and SOL, before the administration began.
Metaplanet Announces Purchase of 156 Bitcoins
According to an official announcement, Japanese listed company Metaplanet announced today that it has spent 2.021 billion yen (approximately $13.44 million) to acquire 156 bitcoins, increasing its total bitcoin holdings to 2,391.
Trump Claims Crypto Strategic Reserves Will Include Bitcoin and Ethereum
Trump stated on social media platform Truth Social: "Clearly, BTC and ETH, along with other valuable cryptocurrencies, will be at the core of the reserves. I also like Bitcoin and Ethereum." This follows news that Trump directed the presidential task force to advance a strategic reserve of cryptocurrencies, including XRP, SOL, and ADA.
Financing/Sales
Decentralized AI Protocol Prime Intellect Completes $15 Million Financing, Led by Founders Fund
According to official news, decentralized AI protocol Prime Intellect announced it has completed a $15 million financing round led by Founders Fund, with participation from Menlo Ventures, Andrej Karpathy (EurekaAI, Tesla, OpenAI), Clem Delangue (Hugging Face), Dylan Patel (SemiAnalysis), Tri Dao (Together.AI), Balaji Srinivasan (Network School), Emad Mostaque (Stability AI, Intelligent Internet), Jake Medwell (8VC co-founder), Brendan McCord (Cosmos Institute), Sandeep Nailwal (Polygon), among others. This brings its total financing to over $20 million. Prime Intellect is building a peer-to-peer protocol for computation and intelligence that will enable the collective creation, ownership, and access of sovereign open-source AI. The Prime Intellect protocol is currently running on a testnet, creating a trustless, community-driven ecosystem where contributors benefit from the models they help create.
Project Updates
Grayscale Digital Large Cap Fund Aligns with U.S. Crypto Strategic Reserve Assets
Grayscale pointed out on the X platform that the Grayscale Digital Large Cap Fund (GDLC) is the only publicly traded fund in the U.S. that holds the same crypto assets as the U.S. crypto strategic reserve. As of February 28, the holdings of the Grayscale Digital Large Cap Fund include BTC, ETH, XRP, SOL, and ADA. Previously, it was reported that the crypto strategic reserve assets announced by Trump include BTC, ETH, XRP, SOL, and ADA.
Cronos Proposes to Reissue 70 Billion Burned Tokens to "Create Cronos Strategic Reserves"
Cronos stated on the X platform that a new proposal was released for voting at today's Cronos POS governance forum, aimed at "restoring the golden age of Cronos and investing heavily to support the Cronos roadmap (including ETFs) and the ambition for the U.S. to become the global cryptocurrency capital." To achieve this goal, the proposal suggests reversing the token burn from February 2021 (i.e., 70 billion CRO) to establish the Cronos strategic reserves (restoring the total supply to the original 100 billion CRO). The strategic reserve will have an additional five-year lock-up period based on the five years since CRO was first issued on Ethereum, resulting in a total vesting period of ten years.
ADA Surges Over 70% in 24 Hours, Market Cap Rises to Eighth Place
Market data shows that Cardano (ADA) is currently priced at $1.12, with a 24-hour increase of 70.3%. Additionally, ADA's market cap has risen to $40.2 billion, making it the eighth largest cryptocurrency by market cap. Previously, it was reported that Trump directed the presidential task force to advance a strategic reserve of cryptocurrencies, including XRP, SOL, and ADA.
Wallet Associated with STAR10 Team Only Spent 80 BNB to Acquire 12.24% of STAR10 Token Total Supply
According to Lookonchain monitoring, a wallet associated with the STAR10 team (@10Ronaldinho) only spent 80 BNB (worth $50,000) to purchase 122.45 million STAR10 tokens (accounting for 12.24% of the total supply). Address 0x01D9…E14D spent 80 BNB (worth $50,000) to buy 122.45 million STAR10 tokens and sold 10 million STAR10 tokens for 433 BNB (worth $270,000), leaving 121.44 million STAR10 tokens (worth $33.5 million, accounting for 12.14% of the total supply). Address 0x01D9…E14D transferred 0.15 BNB to the STAR10 team wallet (0x8218…AF37) as a fee (gas fee). Both address 0x01D9…E14D and the developer wallet (0xb36E…790d) received funds from Allbridge. Former Brazilian footballer Ronaldinho announced the launch of his official token "STAR10" this morning on the X platform.
Opinions
Crypto analyst Eugene stated that he previously held a large number of long positions before the news related to Trump but has now mostly closed them. He believes that when Bitcoin reaches $80,000 and Solana reaches $130, the bulls will dominate, but the market has now become neutral. He expects that both bulls and bears will face risks of losses in the short term, and only cautious traders will profit. He also mentioned that it is currently uncertain whether the market is in a bullish recovery or bearish correction, planning to make decisions based on market trends after March 7. Until then, he will maintain a light position to control risk. At the same time, he expressed skepticism about whether Trump can push legislation related to Solana, Cardano, and Ripple through Congress, but acknowledged that Trump has the ability to achieve his goals, and it remains to be seen in the future. Previously, Tangent co-founder Darryl Wang admitted that Eugene is his alternate account and denied any improper behavior such as pumping and dumping or charging for promotion.
According to X platform user R10coin's revelation on February 28, Ronaldinho is accused of collaborating with a Shenzhen team to issue tokens and allegedly defrauding investors. R10coin stated that their team began cooperation negotiations with Ronaldinho in May 2024, signed a cooperation agreement worth $6 million in January 2025, and paid a $3 million deposit. However, Ronaldinho subsequently signed a $10 million cooperation agreement with another company, received a $5 million deposit, and began promoting other tokens for that company, seriously violating the original cooperation agreement. R10coin further accused that this Shenzhen company frequently issued worthless meme tokens, attracting investor funds through false advertising, which then quickly collapsed and absconded with the money, suspected of malicious fraud. R10coin stated that they will publicly disclose relevant contracts and evidence and pursue Ronaldinho and his partners' responsibilities through legal means, while reminding investors to be wary of such fraudulent activities to avoid financial losses. *Note: Ronaldinho has not yet responded to this revelation.
Matrixport analysis pointed out that since the launch of the Bitcoin ETF in January 2024, the outflow of funds this month has reached a new high, which may be related to hedge funds closing basis trades (going long on ETFs and shorting futures). This trend is consistent with the reduction of $8 billion in open contracts for Bitcoin futures on the Chicago Mercantile Exchange after the Federal Reserve's December 2024 FOMC meeting, which is more than 20% of the total inflow into ETFs. Additionally, the expiration and settlement of February futures contracts may also be a source of selling pressure, but this factor has now been digested by the market. Matrixport believes that as the impact gradually weakens, hedge funds may reduce ETF selling and reassess arbitrage opportunities in late March. Currently, ETF selling pressure seems to have temporarily stopped.
Binance founder CZ posted a reminder that football star Ronaldinho's STAR10 token is exclusively issued on the BNB Chain, and any tokens with the same name on other chains are fake, urging caution against scams. He pointed out that meme tokens are highly volatile, and recent trading volumes have significantly decreased, posing high investment risks. CZ also stated that although he has been a fan of Ronaldinho since 2005 and appreciates the choice of issuing the STAR10 token on the BNB Chain, there is no business relationship between BNB Chain and Ronaldinho, emphasizing that this statement is not an endorsement of the token.
State Street: Cryptocurrency ETFs Expected to Surpass North American Precious Metal ETFs by Year-End
According to the Financial Times, State Street, the world's largest ETF service provider, predicts a surge in demand for cryptocurrency ETFs, expecting their total assets to surpass North American precious metal ETFs by the end of this year. This change will make digital token ETFs the third-largest asset class in the $15 trillion ETF industry, following stocks and bonds, surpassing real estate, alternative investments, and multi-asset funds. Frank Koudelka, head of State Street's global ETF solutions, stated, "The growth rate of cryptocurrencies has surprised us. I expected there would be pent-up demand, but I didn't expect it to be this strong." He anticipates that cryptocurrency ETFs will continue to grow rapidly this year and noted that data shows an increasing number of investment advisors are interested in cryptocurrencies and incorporating them into portfolios. Precious metal ETFs have a 20-year first-mover advantage, with the world's first physically-backed gold ETF—the $85 billion SPDR Gold Trust (GLD)—launched in 2004, and it remains the largest precious metal ETF to date. However, State Street expects that the total assets of North American precious metal ETFs, currently at $165 billion, will be surpassed by cryptocurrency ETFs this year. State Street also predicts that the U.S. Securities and Exchange Commission (SEC) will approve more digital asset ETFs this year. In addition to existing Bitcoin and Ethereum ETFs, fund management companies have applied to launch ETFs based on various tokens such as SOL, XRP, and others. State Street expects that by 2025, ETFs based on the top ten tokens by market capitalization will be approved.
In response to "Trump is promoting a cryptocurrency reserve plan," Trump's son Eric Trump posted on the X platform: "I love the cleverness of announcing the strategic reserve on a Sunday when traditional markets are closed and Wall Street is asleep. This time, retail investors won. Traditional finance better keep up, or it will soon perish. This world no longer operates on a Monday to Friday, 9 to 5 schedule."
Opinion: "Strategic Reserves Covering Altcoins" May Be Trump's Typical Negotiation Strategy
Udi Wertheimer, founder of Taproot Wizards, posted on the X platform: "So far, the best perspective I've seen on the strategic reserves is that this is just Trump's typical negotiation strategy. To truly establish a reserve, Trump must persuade Congress; he cannot decide alone. Whenever Trump needs to persuade other stakeholders, he always starts with an absurd claim that he can later retract. So, in Trump's chess language, this just means he is telling Congress that if they don't agree to a Bitcoin reserve, he will propose even more outrageous conditions."
David Sacks: Trump is Fulfilling His Promise to Make America the "World Cryptocurrency Capital"
David Sacks, the White House's head of AI and cryptocurrency, known as the "Crypto Tsar," stated on the platform: "President Trump has announced a crypto strategic reserve composed of Bitcoin and other top cryptocurrencies. This is consistent with his executive order 14178 from the first week. President Trump is fulfilling his promise to make America the 'world cryptocurrency capital.' More details will be revealed at the White House cryptocurrency summit on March 7."
GoPlus: STAR10 Has Serious Security Risks, Team Can Arbitrarily Destroy Any Holder's Tokens
According to a warning from GoPlus Security, Ronaldinho's STAR10 token has serious security risks. GoPlus found that token owners can arbitrarily destroy any holder's tokens. Since ownership has not been relinquished, all tokens are at risk of being destroyed without warning. GoPlus Security calls on the Ronaldinho team to relinquish ownership immediately to protect community safety. They also remind traders to remain highly vigilant regarding this token and suggest that BNB Chain notify users of the associated risks.
Important Data
ZachXBT: Ripple Co-Founder Still Holds 2.7 Billion XRP, Worth Approximately $7.18 Billion
Crypto detective ZachXBT pointed out that XRP addresses associated with Ripple co-founder Chris Larsen currently still hold over 2.7 billion XRP (approximately $7.18 billion). Some of these addresses transferred over $109 million worth of XRP to exchanges in January 2025. ZachXBT also listed these addresses and mentioned that some of them have not had any transactions for 6 to 7 years, possibly indicating that Chris Larsen has lost access or that the funds were transferred to others in February 2013. Additionally, he noted that Chris Larsen suffered a hack last year, resulting in a loss of up to $112 million.
Ronaldinho's STAR10 Token Market Cap Briefly Surpasses $400 Million, Up 54.57% in One Hour
According to GMGN market data, the market cap of football star Ronaldinho's STAR10 token issued on the BNB Chain briefly surpassed $400 million, currently reported at $369.6 million, with a 54.57% increase in one hour. *Note: This project has a short issuance time and high volatility, not an investment recommendation, DYOR. Previously reported, CZ: STAR10 token is limited to the BNB Chain, and although he has been a fan of Ronaldinho since 2005, there is no business relationship with him.
Grass Team Deposits 4.75 Million GRASS to Bybit, Worth $13.01 Million Eight Hours Ago
According to on-chain analyst @ai_9684xtpa, the Grass team is suspected of unloading, having deposited 4.75 million GRASS to Bybit eight hours ago, worth $13.01 million. This address received 10 million tokens before the TGE, and the last significant transfer to an exchange was two months ago; there were no token unlocks or activities found.
3 Million SOL Transferred to Binance Cold Wallet After 2 Months of Dormancy
According to OnchainLens monitoring, after two months of dormancy, 3 million SOL (worth $510.36 million) has been transferred from the staking account to a Binance cold wallet. This wallet likely belongs to Binance itself.
Amber Group Suspected of Accumulating 11,000 ETH During Uptrend, Worth $27.49 Million
According to on-chain analyst @ai_9684xtpa, Amber Group is suspected of accumulating 11,000 ETH during an uptrend, worth $27.49 million. Influenced by Trump's "call," ETH rose nearly $400 overnight, currently priced at $2,437; Amber proposed this portion of tokens seven hours ago at a price of $2,499, but the actual buying point may be lower.
CME Bitcoin Futures Set Record Gap of Over $10,000
According to Cointelegraph, following U.S. President Trump's announcement of a cryptocurrency strategic reserve, the Chicago Mercantile Exchange (CME) recorded the largest Bitcoin futures gap in history. According to TradingView data, this news added over $300 billion in trading volume to the spot market and resulted in a $10,000 gap in CME Bitcoin futures. This record gap surpassed the previous record of just over $4,000 in August 2024, which was noted by Asymmetric founder Joe McCann on March 2. Analyst Rekt Capital pointed out, "Bitcoin has filled the CME gap formed between $92,800 and $94,000 during last week's spot market crash." He added that Bitcoin successfully filled two CME gaps within a week but also created a new massive gap ranging from $84,650 to $94,000 in the process.
According to SoSoValue data, Bitcoin spot ETFs experienced a net outflow of $2.61 billion last week (trading days from February 24 to February 28, Eastern Time). The Bitcoin spot ETF with the highest net outflow last week was BlackRock's Bitcoin ETF IBIT, with a weekly net outflow of $1.17 billion, bringing IBIT's historical total net inflow to $39.7 billion. Following that was Fidelity's Bitcoin ETF FBTC, with a weekly net outflow of $569 million, and FBTC's historical total net inflow now stands at $11.76 billion. As of the time of publication, the total net asset value of Bitcoin spot ETFs is $95.379 billion, with an ETF net asset ratio (market cap compared to total Bitcoin market cap) of 5.71%, and the historical cumulative net inflow has reached $36.942 billion.
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