According to Lookonchain monitoring, a whale is spending 15.7 million USDC to buy HYPE tokens. In the past two days, he has already purchased 563,238 HYPE tokens (worth 8.93 million US dollars) and set multiple limit orders between $12 and $14.63, preparing to continue buying with the remaining 6.49 million US dollars USDC.

White House AI and cryptocurrency chief David Sacks said at the cryptocurrency summit "there is more to come". This may indicate that the cryptocurrency reserves will add more valuable cryptocurrencies. (Watcher.Guru)

A cyberattack on X, the social media platform, was claimed by a Russian-backed hacking group called Dark Storm. The attack caused disruption for thousands of users, but functionality was quickly restored. The cybersecurity group SpyoSecure reported that Dark Storm took credit for the distributed denial-of-service (DDoS) attack in a Telegram post, which has since been deleted for violating the platform's terms of service. Despite the attack, platform owner Elon Musk confirmed that the IP addresses of the hackers originated in the Ukraine area. Additionally, protests against Musk's Department of Government Efficiency have led to a decrease in Tesla stock, with the stock currently down over 15% in the most recent trading session.

According to Solana co-founder Anatoly Yakovenko's tweet, the Bitcoin executive order is a "scalpel," not a government bailout of the cryptocurrency market, but rather a further elimination of regulatory uncertainty that has plagued the industry for the past four years.

On March 3rd, according to the Financial Times, Deutsche Bank predicts that the surge in demand for cryptocurrency ETFs will surpass precious metal ETFs in North America, becoming the third largest asset class in the rapidly growing $15 trillion ETF industry, only behind stocks and bonds.

According to Whale Alert monitoring, about 32,000 Ethereum (ETH) were transferred from an unknown wallet to Binance at 15:01, with a total transaction value of approximately $75.287 million.

Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM), stated at a Eurogroup press conference that President Trump's support for digital assets policy may affect European monetary sovereignty and financial stability. Gramegna warned, "The US government's supportive attitude towards cryptocurrencies, especially stablecoins denominated in US dollars, may raise some concerns in Europe. This may rekindle plans by foreign and US tech giants to launch large-scale payment solutions based on USD stablecoins. If these plans succeed, they will impact the currency sovereignty and financial stability of the euro area."

As the US stock market plummeted, Cathie Wood's Ark Investment Management company invested over $70 million, heavily buying technology stocks such as Tesla (TSLA.O), Palantir (PLTR.N), Coinbase (COIN.O), AMD (AMD.O), Tempus AI (TEM.O), and Robinhood (HOOD.O).

On March 7th, according to community members' feedback, a deposit of 74 BTC was not recorded with the corresponding transaction hash on the mainnet yesterday. Currently, only 88 BTC of existing deposits remain on the Odin platform, indicating that the platform may have been hacked. In addition, crypto influencer Yuyue mentioned that the platform funds are temporarily unable to be withdrawn.

Coinbase (COIN.O) said it has noticed that some users may experience delays or performance degradation when using cryptocurrency-backed loans.

according to the official announcement, Binance will adjust the collateral ratio of some assets in the unified account on March 21, 2025 at 14:00 (UTC +8). This update is expected to be completed in about an hour. The specific adjustments are as follows:

According to Kyodo News, Japanese Minister of Economy, Trade and Industry Toshimitsu Motegi held talks with U.S. Commerce Secretary Wilbur Ross in Washington, trying to shield Japan from the impact of the Trump administration's proposed tariffs on imports, including cars and steel. However, Motegi stated that the two sides did not discuss exemptions, and he did not receive any commitments from the U.S. in the negotiations. This means that Japan is likely to be included in the scope of the U.S. steel and aluminum tariffs set to take effect on March 12. Motegi emphasized the contributions of Japanese companies to investment and employment in the U.S., and confirmed that the two governments will continue to have close consultations in the future. The discussions also involved energy cooperation between Japan and the U.S., including the liquefied natural gas development project in Alaska. (Krypton)

Initia officially announced that Initia will close its wallet extension service at 3:00 am on March 18th (UTC). Initia wallet users must complete the migration before this date, otherwise they will not be able to access data on the test network, including test network Jennie and related data. Users can migrate their wallets through migration.initia.xyz.

dYdX has voted in favor of the proposal to "set the default funding rate of some independent markets to 0.00125% per hour," with a approval rate of 95.51%.

According to official sources, Upbit will list Arkham (ARKM) on the Korean won market at 16:00 on March 11th (Korean time).

On March 7th, Eliezer Ndinga, strategy director at 21Shares, stated on social media that he believes the U.S. government has two ways to increase its Bitcoin reserves. The first is by seizing Bitcoin obtained from criminal activities, such as the 174,000 Bitcoins in the Silk Road case, which would not require additional spending; the second is to use fines collected by cryptocurrency law enforcement agencies (such as the U.S. Securities and Exchange Commission/Commodity Futures Trading Commission) to purchase Bitcoin.

According to FOX Business, as the first White House cryptocurrency summit in history is set to take place later this week, investors are focusing on any policy developments regarding cryptocurrency reserves. Circle, the stablecoin issuer, co-founder and CEO Jeremy Allaire is confident about the future of digital currencies, believing it will become a "superpower" and bring "profound" impact. "The US dollar stablecoin can expand America's influence globally," Jeremy Allaire said.

Alchemy, a provider of cryptographic payment solutions, announced the launch of the Web3 fund Everyone Onchain Fund, with an initial size of $5 million, aimed at providing necessary resources for developers based on Alchemy Rollups and Account Kit to deploy Rollups and onboard users, currently mainly supporting projects built in the OP Stack and Arbitrum Orbit ecosystems.

According to OnchainLens monitoring, a certain whale recently deposited 4,250 ETH into DBS Bank (@dbsbank), worth approximately $8.06 million. As of now, the whale has deposited a total of 4,922 ETH ($9.7 million) into DBS.

Economists at Wall Street investment bank JPMorgan Chase have raised the risk of a U.S. economic recession this year from 30% in early 2025 to 40%. Analysts wrote, "Due to the extreme policies in the United States, we believe there is a high risk of a recession in the country this year." Earlier, there were reports that economists at Morgan Stanley had lowered their U.S. economic growth expectations last week and raised their inflation expectations. The bank predicts that the U.S. GDP growth rate in 2025 will be only 1.5%, and will drop to 1.2% in 2026. Goldman Sachs economists have also raised the probability of an economic recession in the next 12 months from 15% to 20%.