The Cayman Islands has updated its cryptocurrency regulatory framework, with the new licensing rules set to take effect on April 1, 2025. Under the 2025 Virtual Asset (Service Providers) (Amendment) Regulations, all entities providing virtual asset custody and trading platform services will need to obtain a license from the Cayman Islands Monetary Authority (CIMA). Existing Virtual Asset Service Providers (VASPs) must submit a license application within 90 days after the effective date.

March 3rd news, according to official sources, Megabit will officially launch the HEI/USDT perpetual contract trading with leverage of 1-75 times at 18:00 on March 3rd (SGT).

Meteora has announced the launch of the Meteora Rising incubator, aimed at supporting the development of tools built by the community on DLMM, led by GeekLad, the developer relations manager of LPArmy. Funding will be provided for tools that are being built to help LP optimize, automate, or track their positions on DLMM.

According to on-chain analyst @ai_9684xtpa's monitoring, the Hyperliquid whale who previously went long on ETH 50 times and closed all positions after 2 minutes, making a profit of $5000, has now withdrawn a total of $3.605 million in principal and profits.

On-chain detective ZachXBT responded to Trump's inclusion of cryptocurrencies such as XRP, SOL, and ADA in the US cryptocurrency strategic reserve on the X platform. He stated that one of the better indicators of the legitimacy of a blockchain is to see how many native stablecoins the chain has issued from Circle, Tether, or Paxos. So far, ADA and XRP have not received any support from major stablecoin issuers. XRPL/Cardano is said to have a thriving ecosystem, similar to projects built on Ethereum and Solana, but with slightly different value propositions from Bitcoin. So, will there be more centralization on the so-called "decentralized" blockchain?

More than 1,200 cryptocurrency ATMs mysteriously went offline in the first week of March in the United States. On February 25, Illinois Senator Dick Durbin proposed legislation to combat fraud by cryptocurrency ATMs in the United States. As of March 3, the United States has 29,731 cryptocurrency ATMs, accounting for 79.9% of all cryptocurrency ATMs worldwide. Canada and Australia follow, with 3,085 ATMs (8.3%) and 1,467 ATMs (3.9%) respectively.

Hong Kong stock market data shows that as of the close, the turnover of 6 Hong Kong virtual asset ETFs today was 19.7215 million Hong Kong dollars, of which: Huaxia Bitcoin ETF (3042.HK) had a turnover of 13.6656 million Hong Kong dollars, Huaxia Ethereum ETF (3046.HK) had a turnover of 1.23 million Hong Kong dollars, Jiashi Bitcoin ETF (3439.HK) had a turnover of 1.498 million Hong Kong dollars, Jiashi Ethereum ETF (3179.HK) had a turnover of 0.466 million Hong Kong dollars, Bosera HashKey Bitcoin ETF (3008.HK) had a turnover of 1.98 million Hong Kong dollars, and Bosera HashKey Ethereum ETF (3009.HK) had a turnover of 0.8819 million Hong Kong dollars.

Anthony Scaramucci, the founder of SkyBridge Capital, said that Bitcoin is a very valuable long-term strategic asset.

According to the Financial Times of the United Kingdom, Trump's cryptocurrency project made at least $350 million by launching the TRUMP meme coin. Analysis of blockchain data by the media shows that the project's operating entity generated this revenue by selling tokens in the three weeks after TRUMP was launched in January of this year, including $314 million in token sales revenue and $36 million in fees. In addition to the $350 million earned through direct sales of TRUMP on Solana, Trump may have also earned more income by selling a small amount of tokens on crypto exchanges such as Binance.

The market shows SOL fell below $160, now trading at $159.93, with a 24-hour increase of 11.8%. The market fluctuates greatly, please be prepared for risk control.

according to PeckShieldAlert monitoring, address 0xa4C1...683f lost about 1.82 million USDC due to a phishing attack.

According to Onchain Lens monitoring, a whale deposited 1.94 million USDC into Hyperliquid and opened a long position on ETH with 50 times leverage. The whale still has an unfilled limit order to further increase its long position on ETH at $2062 on Ethereum.

On March 3, according to official sources, OKX announced today the launch of the "March Peak Battle" event, where users can compete for rewards of up to 100,000 USDT by completing trading tasks, subscribing to simple earning coins, and inviting friends. The event will continue until March 23, 2025, at 23:59 (GMT+8).

On March 31st, according to official sources, OKX released the 29th reserve proof. The reserve rates of 22 listed currencies all exceed 100%, with BTC, ETH, USDT, and USDC having reserve rates of 105%, 103%, 101%, and 101% respectively, totaling a value of $24,610,470,276.

The co-founder of Meteora, Ben Chow, had his X account reportedly hacked, leading to a controversial tweet about the launch of memecoin tokens Libra, Melania Meme, and Official Trump. This tweet ultimately resulted in Chow's resignation from Meteora. Despite Chow's claims about DefiTuna founders Vlad Pozniakov and Dhirk, Meteora's official X account flagged the post as fraudulent and warned users not to click on any links. Chow's message included alleged WhatsApp conversations discussing the MATES token, but the legitimacy of these conversations could not be verified.

According to The Data Nerd monitoring, Abraxas Capital Management (Heka Funds) withdrew 40 million USDT from Binance two hours ago and deposited it into Aave. Data shows that the fund currently manages assets worth 7.384 billion US dollars, with over 62% in ETH-related products, 24% in stablecoins, and 10% in BTC-related products.

Infini founder Christian transferred 0.1 ETH to the hacker address and attached a message saying, "We acknowledge your ability to discover vulnerabilities in our protocol and hope to reach a white hat agreement with you: you can keep 20% of the stolen assets as a reward, please send the rest to my address or our custodial wallet. If handled in this way, we will not take further legal action."

According to @ai_9684xtpa monitoring, the "whale/institution that made a profit of $33.67 million by buying low and selling high ETH" added another 10,001 ETH to its position after a week. Since December 19, 2024, it has accumulated 44,002 ETH at an average price of $2,563 (total value of $112 million), currently with an unrealized loss of $28.78 million.