Today's News Highlights:
Nasdaq has submitted a 19b-4 application for the Grayscale Hedera ETF
Binance adjusts observation label rules and adds 10 new tokens including AERGO, ALPACA, AST
Bybit CEO: 77% of stolen funds are still traceable, 20% are untraceable, and 3% have been frozen
Binance HODLer airdrop launches the 11th project - GoPlus Security (GPS)
Zora releases ZORA tokenomics: 10% for retrospective airdrops
Regulation/Macro
According to Caixin, the State Council Tariff Commission announced on the 4th that on March 3, 2025, the U.S. government announced an additional 10% tariff on all Chinese goods exported to the U.S. under the pretext of fentanyl. The unilateral tariff imposition by the U.S. undermines the multilateral trading system, increases the burden on American businesses and consumers, and damages the foundation of economic and trade cooperation between China and the U.S. With the approval of the State Council, starting from March 10, 2025, tariffs will be imposed on certain imported goods originating from the United States. The details are as follows: 1. A 15% tariff will be imposed on chicken, wheat, corn, and cotton. 2. A 10% tariff will be imposed on sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy products. 3. For imported goods listed in the attachments originating from the United States, corresponding tariffs will be imposed on top of the current applicable tariff rates, and the existing bonded and tax exemption policies will remain unchanged; the newly imposed tariffs will not be exempted. 4. Goods that have been shipped from the place of origin before March 10, 2025, and imported between March 10, 2025, and April 12, 2025, will not be subject to the tariffs specified in this announcement.
Mike Alfred, founder of digital asset investment platform Eaglebrook Advisors, posted on X platform stating: "There are reports that the Trump administration is preparing to announce a zero capital gains tax policy on cryptocurrency sales (i.e., cryptocurrency sales will be exempt from capital gains tax) at the cryptocurrency summit on Friday."
Nasdaq has submitted a 19b-4 application for the Grayscale Hedera ETF
According to Cointelegraph, Nasdaq has submitted a 19b-4 application to list and trade the Grayscale Hedera ETF (HBAR).
The market crash in February triggered $500 million in ETH liquidations
According to The Block, in February, the Ethereum lending market experienced the most severe liquidation event in 12 months, with nearly $500 million in collateral being liquidated. This is the second-highest monthly liquidation amount in DeFi history, only behind the $670 million liquidation scale during the market crash in May 2021. The surge in liquidations coincided with a significant drop in the overall cryptocurrency market capitalization, triggering a series of forced liquidations. These liquidations were primarily concentrated on two major lending platforms, Aave and Compound, which together handled most of the liquidation volume in February. Although lending protocols are designed to handle liquidations through automated processes, the scale of the February event highlighted how quickly market conditions can deteriorate when overall market sentiment shifts. For borrowers, this emphasizes the importance of maintaining healthy collateral ratios and having sufficient buffers to withstand market downturns. Despite the massive liquidation volume, major lending platforms have demonstrated resilience, operating as designed even under pressure. This operational stability represents an important maturation point for DeFi infrastructure, indicating that these protocols can handle large-scale deleveraging events without systemic risk.
According to Cointelegraph, late on March 2, well-known streamer Amouranth (real name Kaitlyn Siragusa) posted a series of messages on the X platform, claiming she was the victim of a home invasion robbery, with robbers demanding cryptocurrency. On March 3, just hours after her initial post on X, she provided an update stating that three armed assailants were involved and included a video allegedly from a surveillance camera. It was reported that after she led the three men to another part of the property, three loud bangs were heard, after which the men ran out of view. In November 2024, Amouranth posted a screenshot of her Coinbase account showing she held approximately 211 Bitcoins, valued at $20 million at the time, equivalent to $86,535 per Bitcoin. The screenshot also showed she held approximately $80,000 worth of Ethereum, with Ethereum priced at $2,161 at the time. Amouranth is known for being open about her financial situation; she has participated in a YouTube personal finance program and shared her earnings across various platforms.
According to The Block, the newly established cryptocurrency special working group of the U.S. Securities and Exchange Commission (SEC) will hold its first roundtable meeting later this month as part of a series of meetings. The SEC stated in a press release on Monday that the meeting, titled "Our Past and Future - Defining Securities Status," will take place on March 21 at the agency's headquarters in Washington, D.C. This roundtable is part of the "Spring Sprint for Cryptocurrency Clarity" series of meetings. Hester Peirce, a Republican commissioner leading the cryptocurrency special working group, stated in the release: "I look forward to leveraging public expertise to develop a workable regulatory framework for cryptocurrency." Peirce indicated that she plans to prioritize classifying some tokens as "non-securities."
NYSE Arca has submitted a 19b-4 application for the Bitwise Dogecoin ETF
NYSE Arca has submitted a 19b-4 application for the Bitwise Dogecoin ETF, stating in the "text of proposed rule change" section that, under Section 19(b)(1) of the Securities Exchange Act of 1934, as amended, and Rule 19b-4 thereunder, NYSE Arca proposes to list and trade shares of the Bitwise Dogecoin Exchange-Traded Fund on the NYSE Arca market based on NYSE Arca Rule 8.201-E (Trust Shares Based on Commodities).
Trump: Reciprocal tariffs will begin on April 2
According to Jinshi, U.S. President Trump stated that reciprocal tariffs will begin on April 2. Tariffs on Canada and Mexico will begin on Tuesday.
Yuga Labs announces that the SEC has officially concluded its investigation into it
Yuga Labs posted on the X platform: "After more than three years of investigation, the U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into Yuga Labs. This is a huge victory for the NFT space and all creators driving our ecosystem forward. NFTs are not securities."
Financing/IPO
According to CoinDesk, AI company CoreWeave, which closely collaborates with Bitcoin mining company Core Scientific, submitted an IPO application today, aiming to raise $4 billion with a valuation exceeding $35 billion. The prospectus shows that the company achieved $1.9 billion in revenue in 2024 but incurred a net loss of $863 million due to AI-related investments. The company's total losses have reached $1.5 billion. CoreWeave has invited Core Scientific to assist in building a 500 megawatt (MW) AI infrastructure. While CoreWeave is still engaged in Ethereum mining, the latter was previously its largest GPU supplier.
AI startup Anthropic completes $3.5 billion financing, valuation reaches $61.5 billion
According to Zhitong Finance, AI startup Anthropic has announced the completion of a $3.5 billion financing round, bringing the company's valuation to $61.5 billion. This round was led by Lightspeed Venture Partners, which invested $1 billion, with other investors including General Catalyst, Jane Street, and Fidelity Management & Research Company. Additionally, existing investors such as Menlo Ventures and Bessemer Venture Partners also participated in this round. The surge in Anthropic's valuation is partly due to the rapid expansion of the company's business. According to insiders, by the end of 2023, the company's annual revenue run rate was approximately $1 billion, having grown by 30% this year. However, Anthropic did not comment on specific revenue figures. The new funding will be used to develop next-generation AI models, expand computing capabilities, enhance AI safety research, and drive expansion into Asian and European markets. Last week, Anthropic launched a more advanced AI model called Sonnet and released a new AI agent capable of automating software programming tasks. This move further demonstrates its cutting-edge innovation capabilities in AI research and development.
MEV infrastructure FastLane Labs completes $6 million financing, led by Figment Capital
MEV infrastructure FastLane Labs has announced the completion of a $6 million financing round, led by Figment Capital and DBA, with participation from Coinbase Ventures, Robot Ventures, Hashkey Capital, and CHORUS ONE. The new funds will be used to build a comprehensive liquid staking token on Monad. FastLane Labs is committed to building a long-term MEV ecosystem on Monad, allowing users, dApps, and stakers to benefit. Previously, in May 2023, FastLane Labs completed a $2.3 million financing round led by Multicoin Capital.
Project Updates
Binance adjusts observation label rules and adds 10 new tokens including AERGO, ALPACA, AST
Binance has announced that it will adjust the update frequency of observation labels to once a month, with new projects being added in the first week of each month. Additionally, the scope of observation labels will be expanded to include the following 10 new tokens: Aergo (AERGO), Alpaca Finance (ALPACA), AirSwap (AST), Badger DAO (BADGER), BurgerCities (BURGER), COMBO (COMBO), NULS (NULS), STP (STPT), UniLend (UFT), and VIDT DAO (VIDT).
Bybit CEO: 77% of stolen funds are still traceable, 20% are untraceable, and 3% have been frozen
Bybit co-founder and CEO Ben Zhou released the latest executive summary regarding the hacker funds on the X platform: the total amount of stolen funds is approximately $1.4 billion, equivalent to about 500,000 ETH, of which 77% is still traceable, 20% is untraceable, and 3% has been frozen. Breakdown: 83% (417,348 ETH, approximately $1 billion) has been converted into Bitcoin, involving 6,954 wallets (an average of 1.71 BTC per wallet). The freezing of funds this week and next week is crucial, as funds will begin to be liquidated on exchanges, over-the-counter (OTC), and peer-to-peer (P2P) platforms. The hacker primarily used THORChain to exchange Ether for Bitcoin: the amount of ETH exchanged through THORChain was 361,255, equivalent to $900 million, accounting for 72%, which is traceable. 79,655 ETH, about 16% of the funds, disappeared through the ExCH channel and is currently awaiting updates. 40,233 ETH, equivalent to $100 million, accounting for 8%, was traded through OKX Web3 agents. Among these, 16,680 ETH is still traceable, while 23,553 ETH, equivalent to $65 million (about 5%), is untraceable and requires information from OKX Web3. Bounty update: A total of 11 parties have helped Bybit freeze funds, with the top three performers being Mantle, Paraswap, and ZachXBT. A total of 2,178,797 USDT has been paid to 11 bounty hunters.
Binance HODLer airdrop launches the 11th project - GoPlus Security (GPS)
According to the official announcement, the Binance HODLer airdrop has launched its 11th project - GoPlus Security (GPS). From February 19, 2025, 08:00 to February 25, 2025, 07:59 (UTC+8), users who purchase principal-protected earning products (fixed and/or flexible) or on-chain earning products using BNB will receive airdrop allocations. HODLer airdrop information is expected to be available within twelve hours, and the new tokens will be distributed to users' spot wallets at least 1 hour before trading begins. Binance will list GPS on March 4, 2025, at 21:00 (UTC+8) and open trading pairs against USDT, USDC, BNB, FDUSD, and TRY, subject to seed label trading rules. The GPS recharge channel will open 2 hours later. GPS HODLer airdrop details: Token name: GoPlus Security (GPS); Total supply of genesis tokens: 10,000,000,000 GPS; Maximum token supply: 10,000,000,000 GPS; Total amount of HODLer airdrop tokens: 300,000,000 GPS (3% of the maximum token supply); An additional 400,000,000 GPS will be distributed in batches to HODLer airdrop participants six months after the spot listing; detailed rules will be announced separately. The circulating supply at the time of listing on Binance: 1,813,400,000 GPS (18.1% of the maximum token supply).
Layer1 blockchain Cronos is facing strong opposition to a proposal to restore 70 billion CRO tokens that were burned in 2021. Early voting results on Mintscan show that 95.7% of participants voted against the plan. Voting is expected to end on March 17. Additionally, Cryptoslate reported that CRO advocate Wyll Bilderberg stated on the X platform: "Burning is burning; burned tokens should not be revived. I almost never oppose anything happening on Cronos, but today, I strongly oppose! If this bill passes, it will only confirm that Cronos is highly centralized and therefore untrustworthy." Previously, it was reported that Cronos proposed to reissue 70 billion burned tokens to "create a strategic reserve for Cronos."
Zora releases ZORA tokenomics: 10% for retrospective airdrops
According to The Block, the general media registration protocol Zora announced in a statement on Monday that it will launch its namesake meme coin on the Base network based on Optimism in the coming months. The upcoming token is "for entertainment purposes only" and will not grant holders governance rights. The first snapshot of ZORA was taken on Monday, with the second snapshot scheduled three days before the official ZORA airdrop, expected to occur sometime in spring 2025. The total supply of the token is 10 billion, with 26.1% allocated to contributors, 20% for incentives, 20% for the treasury, 18.9% for the Zora team, 10% for retrospective airdrops, and 5% for maintaining liquidity. Zora is known to be a general media registration protocol built using the Optimism tech stack. The company was founded in 2020 and launched the decentralized, creator-centric Zora network in 2023. In May 2022, Haun Ventures led a $50 million funding round for Zora, at which time the protocol was valued at $600 million.
Opinions
Placeholder partner Chris Burniske tweeted that the current market sentiment is low, and many people are choosing to sell at the lows, but he believes this is an opportunity rather than an endpoint. He thinks that this may just be a correction within the bull market, not the top of this bull market, and even if Bitcoin may drop a bit more, selling now may not be a good choice as it could lead to missing out on subsequent gains. He advises investors to stay calm, and if they are unsure of what to do, they can choose not to look at price fluctuations; if they still have funds, they might consider buying in batches when the market looks attractive or sentiment is most pessimistic. He reminds not to trust those who "always trade perfectly," as holding potentially valuable assets long-term is key. Burniske also mentioned that the speed of price fluctuations in Bitcoin and crypto assets is the fastest in financial markets. If the stock market experiences greater volatility, policies may intervene, and the crypto market will respond most sensitively. He encourages investors not to miss opportunities due to fear or frequent trading and expresses confidence in the future of the blockchain industry, believing that institutional entry and technological applications are accelerating.
Regarding the rumors released by Mike Alfred about the "Trump administration planning to announce a zero capital gains tax policy on cryptocurrency sales at the crypto summit on Friday," Adam Cochran, a partner at Cinneamhain Ventures, stated: "Mike blocked me because I repeatedly verified the authenticity of his claims, but that won't stop me. The president cannot unilaterally change tax laws. Only Congress can. This is one of the few powers explicitly granted to Congress by the Constitution. Even if the president announces such a decision or attempts to sign an executive order for it, it will not make it law. This is no more effective than me claiming to be a cupcake."
BitMEX co-founder Arthur Hayes stated in his latest blog post that although U.S. stock market indices remain close to historical highs, Bitcoin has signaled that a liquidity crisis is approaching. Based on this, Hayes believes that the U.S. stock market will experience a severe correction due to recession fears. Hayes pointed out that if Bitcoin leads the trend during market declines, it will also play a similar role during rises. Due to the massive leverage in the system, slight financial disturbances could quickly evolve into widespread panic. If his predictions are accurate, the Federal Reserve will soon take action. Bitcoin will rebound first, while the fiat financial system dominated by the U.S. stock market will subsequently face difficulties. Hayes firmly believes that we are still in a bull market cycle, so the worst-case scenario for Bitcoin is a drop back to the previous cycle's historical high of $70,000. However, he is uncertain whether it will drop to that level. A positive signal is the decline in the U.S. Treasury's total account balance, which equates to liquidity injection. Based on confidence in Trump's financial policies and objectives, Hayes increased his risk exposure when Bitcoin was trading in the $80,000 to $90,000 range. If the current situation is merely a "dead cat bounce," he expects Bitcoin to test the $80,000 low again. If the S&P 500 or Nasdaq 100 index drops 20% to 30% from historical highs, and a major financial institution is on the brink of bankruptcy, global markets may decline in sync, causing all risk assets to suffer, and Bitcoin could drop below $80,000, even testing $70,000. Regardless of market fluctuations, Hayes stated he will cautiously buy on dips, not using leverage, and wait for the final shakeout of the global (especially U.S.) fiat financial markets, which will drive Bitcoin to $1 million or even higher. He concluded: "Stay focused, buy Bitcoin."
CryptoQuant CEO Ki Young Ju stated that the Bitcoin market may continue to remain sluggish until U.S. market sentiment improves. Currently, on-chain activity is not significant, and key indicators are neutral, indicating that the bull market cycle is still ongoing. Meanwhile, Bitcoin's fundamentals remain strong, with more mining machines coming online. He pointed out that if the bull market cycle ends here, it would be an outcome that all parties, including veteran whales, mining companies, traditional financial institutions, and even Trump, do not want to see. He also added that the market does not care about the influence of retail investors.
Important Data
According to Binance market data, possibly affected by the addition of new observation labels, tokens like NULS, ALPACA, and COMBO briefly dropped over 20%, including: COMBO briefly dropped 24.2%, currently priced at $0.2244; NULS briefly dropped 23.58%, currently priced at $0.1919; ALPACA briefly dropped 21%, currently priced at $0.0946; AERGO briefly dropped 20.1%, currently priced at $0.0739; BADGER briefly dropped 19.53%, currently priced at $3.047; VIDT briefly dropped 19.17%, currently priced at $0.016; AST briefly dropped 16%, currently priced at $0.0581; UFT briefly dropped 15.12%, currently priced at $0.1353; BURGER briefly dropped 14.01%, currently priced at $0.3018; STPT briefly dropped 9.71%, currently priced at $0.09604. Previously, it was reported that Binance adjusted its observation label rules and added 10 tokens including AERGO, ALPACA, and AST.
Ansem sells $2 million WIF and $1.06 million FARTCOIN, losing $294,000 and $31,000 respectively
According to Onchain Lens monitoring, 13 hours ago, Ansem (@blknoiz06) conducted two token sale transactions: one sold 2.97 million $WIF for $2 million, incurring a loss of about $294,000; the other sold 3.6 million $FARTCOIN for $1.06 million, incurring a loss of about $31,000.
According to on-chain analyst @ai_9684xtpa, an ancient whale from the Ethereum ICO of 560,000 ETH transferred 6,022 ETH to an address associated with the Ethereum Foundation over two hours ago, worth about $12.34 million. The funds have not yet been transferred or interacted with. This ICO whale had previously distributed ETH to four addresses, of which 105,522 ETH has been transferred to the current address over the past two years, mostly for staking various LRT protocols. Currently, there are still 280,000 ETH with a cost as low as $0.31 stored in three addresses.
A whale shorting ETH at 50x leverage is now up $78 million
According to on-chain analyst @ai_9684xtpa, a whale opened a short position on Ethereum with 50x leverage in January on Hyperliquid and is now up about $78 million. The position will only be liquidated if Ethereum rises to $3,507.3.
Regarding the position of the whale "sets 10 big targets," on-chain analyst @ai_9684xtpa released an update stating that based on a friend's screenshot from last night, the whale seems to have closed positions for profit around BTC $90,000 and turned to open long positions, also opening long positions on ETH: BTC: opening price $90,207, holding 2,069 ETH: opening price about $2,285, holding 10,800 ETH. Based on this data, it is currently at a loss of $15.62 million.
According to OnchainLens monitoring, over the past four days, a whale has withdrawn a total of 20 million OM (worth $143.1 million) from Binance. Currently, these OM are worth $138 million, resulting in a floating loss of $4.7 million.
1.54 million UNI flowed from Galaxy Digital to Binance and OKX five hours ago
According to on-chain analyst Yu Jin's monitoring, 1.54 million UNI (approximately $11.17 million) flowed from Galaxy Digital to Binance and OKX five hours ago. In the past 12 days, as much as 8.871 million UNI ($7.435 million) has been transferred from Galaxy Digital to Binance and OKX. The price of UNI also dropped 29% during this period (from $9.5 to $6.7).
According to Lookonchain monitoring, a whale wallet holding over 110,000 ETH (worth $235 million) seems to be selling ETH. In the past 14 hours, the wallet has transferred 30,000 ETH (worth $68.55 million) to FalconX and Galaxy Digital and received 7.76 million USDC from FalconX. The wallet may be related to Genesis Trading.
The hacker has completely laundered the 499,000 ETH stolen from Bybit, taking 10 days
According to on-chain analyst Yu Jin's monitoring, the hacker has completely laundered the 499,000 ETH ($1.39 billion) stolen from Bybit, a process that took 10 days. The price of ETH dropped 23% during this process (from $2,780 to the current $2,130). The main channel used by the hacker for laundering, THORChain, also gained $5.9 billion in trading volume and $5.5 million in fee income due to the laundering.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
