Source: Cointelegraph Original: "{title}"
A blockchain platform associated with U.S. President Donald Trump views the cryptocurrency market's downturn as an investment opportunity, doubling its holdings of Ether in the week leading up to the first cryptocurrency summit at the White House on March 7.
Meanwhile, Solana experienced nearly $500 million in capital outflows in February as cryptocurrency investors sought safer investments following meme coin scams and yield farming waves.
In the past week, as the price of Ether briefly dipped below $2,000, the decentralized finance (DeFi) platform associated with U.S. President Donald Trump significantly increased its Ether holdings.
Data from Cointelegraph Markets Pro shows that as Ether fell below the psychological threshold of $2,000, Trump's World Liberty Financial (WLFI) DeFi platform doubled its Ether (ETH) holdings over the past seven days.
ETH/USD 1-Month Chart. Source: Cointelegraph
Data from Arkham Intelligence indicates that WLFI now holds approximately $10 million more in Ether than it did a week ago. Its recent acquisitions also include $10 million in Wrapped Bitcoin (WBTC) and $1.5 million in Movement Network (MOVE) tokens.
WLFI Token Balance History. Source: Arkham Intelligence
Lookonchain data shows that Trump's DeFi platform currently has unrealized losses exceeding $89 million across the nine tokens it has invested in.
Source: Lookonchain
Market volatility has intensified due to macroeconomic concerns and cryptocurrency events, including the $1.4 billion Bybit hack on February 21, the largest exploit in cryptocurrency history, raising investor anxiety.
Last month, as investors turned to what are considered safer digital assets, Solana saw nearly $500 million in capital outflows, reflecting the growing uncertainty in the cryptocurrency market.
In the past 30 days, Solana (SOL) has experienced capital outflows exceeding $485 million, with investor funds primarily flowing into Ethereum, Arbitrum, and BNB Chain.
A Binance Research report obtained by Cointelegraph indicates that the capital outflow occurred against a broader backdrop of cryptocurrency market participants fleeing to "safety."
Solana Outflow. Source: deBridge, Binance Research
"Some funds flowed into BNB Chain memecoins, partly due to CZ's tweet about his dog Broccoli," the report added.
Binance Research noted that aside from Solana, the total market capitalization of cryptocurrencies fell by 20% in February due to increasing negative sentiment.
In addition to macroeconomic concerns, a major reason for the decline in cryptocurrency investor sentiment was the $1.4 billion Bybit hack on February 21, the largest exploit in cryptocurrency history.
Disappointment over the release of Solana-based memecoins also dampened investor appetite, especially following the launch of the Libra token endorsed by Argentine President Javier Milei.
Continue reading
U.S. President Donald Trump will host the first White House cryptocurrency summit on March 7, where industry leaders will gather to discuss regulatory policies, stablecoin regulation, and the potential role of Bitcoin in the U.S. financial system.
According to an announcement made by White House "AI and Cryptocurrency Czar" David Sacks in a post on X on March 1, attendees will include "notable founders, CEOs, and investors from the cryptocurrency industry," as well as members of the President's Digital Asset Working Group.
The summit will be moderated by Sacks, with the working group's executive director Bo Hines managing the event.
Source: David Sacks
In the announcement, Trump stated that Sacks will be appointed as the White House cryptocurrency and AI czar on December 6, 2024, "dedicated to establishing a legal framework that provides the clarity the cryptocurrency industry has long sought and allows it to thrive in the U.S."
Trump added that part of Sacks' responsibilities will be to "protect" online speech and "guide us away from the biases and censorship of big tech companies."
Source: Donald Trump
Trump has previously indicated his intention to make cryptocurrency policy a national priority and to position the U.S. as a global center for blockchain innovation. The upcoming summit could set the tone for cryptocurrency regulation in the next four years.
Continue reading
In February, venture capital funding for blockchain and cryptocurrency startups accelerated, with decentralized finance (DeFi) projects attracting significant investment flows, indicating strong demand for blockchain builders despite market turbulence.
According to data from The TIE, 137 crypto companies raised a total of $1.11 billion in February.
DeFi projects collectively secured nearly $176 million in funding across 20 projects. Meanwhile, eight business service providers raised a total of $230.7 million. Startups specializing in security services, payments, and artificial intelligence also garnered significant interest.
Business service providers and DeFi projects were the most attractive sectors for investment in February. Source: The TIE
The TIE noted that the largest venture capitalists are targeting "multiple sectors, including AI, developer tools, DeFi, DePIN, funds, and payments."
This data aligns with a recent report from Cointelegraph, which showed a significant increase in decentralized physical infrastructure network (DePIN) transactions.
Continue reading
Following the largest hack in cryptocurrency history, Bybit exploiters have laundered 100% of the stolen funds, but blockchain security experts may still recover some of the stolen assets.
On February 21, Bybit was hacked, resulting in the theft of over $1.4 billion in liquid Ether (STETH), Mantle Staked ETH (mETH), and other ERC-20 tokens, marking the largest cryptocurrency theft in history.
According to a post by blockchain security firm Lookonchain on March 4, the hackers have transferred all 500,000 stolen Ether (ETH), primarily through the decentralized cross-chain protocol THORChain:
Source: Lookonchain
Although several blockchain analysis firms, including Arkham Intelligence, have identified North Korea's Lazarus Group as the mastermind behind the attack, the group has still converted the stolen proceeds.
This news comes more than two months after South Korean authorities sanctioned 15 North Koreans suspected of raising funds for North Korea's nuclear weapons development program through cryptocurrency robbery and cyber theft.
Continue reading
According to data from Cointelegraph Markets Pro and TradingView, most of the top 100 cryptocurrencies by market capitalization closed the week in the green.
Among the top 100 cryptocurrencies, Cardano (ADA) saw a price increase of over 46%, making it the biggest gainer in the top 100, as the token was included in Trump's upcoming digital asset reserve plan. Bitcoin Cash (BCH) rose over 40%, becoming the second-largest gainer of the week.
Thank you for reading our summary of the most impactful DeFi dynamics this week. Please join us next Friday for more stories, insights, and education on this dynamic field.
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。
