1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: 8.44%
ETH: 11.28%
SOL: 20.62%
XRP: 30.87%
ADA: 65.58%
TRUMP: 24.14%
DOGE: 13.98%
PEPE: 12.92%
SUI: 12.19%
BNB: 1.63%
24 H increase list (data source: OKX):
ADA: 65.85%
SNT: 41.79%
DEGEN: 32.05%
XRP: 31.17%
CRO: 26.71%
YGG: 26.46%
RUNECOIN: 25.87%
WIF: 24.98%
Trump: 24.47%
IOTA: 23.47%
2. Top 5 popular memes on the chain (data source: GMGN ):
CSR
BBY
USA
WHITEHOUSE
FREESHLOMO
3. 24-hour hot search currencies
STAR 10: A meme coin related to world football star Ronaldinho. Market insiders previously revealed that the project involved insider trading. The current market value is reported to be US$230 million.
ERIC: A meme coin related to Trumps second son Eric Trump. Influenced by Trumps crypto-friendly remarks early this morning, Eric Trumps previous pro-crypto attitude, and the promotion of projects such as WLFI, it has attracted some market attention.
Headlines
Trump posted on social media: “After years of suppression by the Biden administration, the U.S. cryptocurrency reserves will enhance the status of this key industry, which is why my digital asset executive order directs the presidential working group to advance strategic reserves of cryptocurrencies including XRP, SOL, and ADA. I will ensure that the United States becomes the worlds cryptocurrency capital. We are making America great again!”
Trump: BTC and ETH will also become the core of the reserve
Trump wrote on Truth: “Obviously, BTC and ETH will be the core of the reserve, along with other valuable cryptocurrencies. I like Bitcoin and Ethereum too!”
David Sacks: Cryptocurrency reserves may add more valuable cryptocurrencies
David Sacks, the White House AI and cryptocurrency director, said at the cryptocurrency summit that there are more. This may indicate that more valuable cryptocurrencies will be added to the crypto reserve. He later posted : President Trump announced the establishment of a strategic cryptocurrency reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with Executive Order No. 14178, which he issued a week ago. President Trump is fulfilling his promise to make the United States the cryptocurrency capital of the world.
Trump to Host First White House Crypto Summit on March 7
U.S. President Trump will host the first White House Cryptocurrency Summit on March 7, bringing together industry leaders to discuss regulatory policy, stablecoin oversight, and Bitcoin’s potential role in the U.S. financial system.
According to an announcement on X-Platform on March 1 by David Sacks, White House special adviser for artificial intelligence and cryptocurrency, attendees will include “prominent founders, CEOs, and investors from the cryptocurrency industry,” as well as members of the President’s Digital Asset Task Force.
Sacks was appointed White House Special Advisor for Artificial Intelligence and Cryptocurrency on December 6, 2024, with the task of developing a legal framework that will give the cryptocurrency industry the clarity it needs and allow it to thrive in the United States.
Notably, at least 24 states have proposed legislation related to potential Bitcoin reserves. The upcoming summit could set the tone for cryptocurrency regulation over the next four years.
Industry News
XRP FDV once surpassed ETH and ranked second
CoinGecko data shows that influenced by Trump’s speech, XRP FDV (fully diluted valuation) once surpassed ETH and ranked second.
ADAs market value surpasses DOGE and ranks 8th in cryptocurrency market value
CoinGecko data shows that ADAs market value has exceeded US$35 billion, surpassing DOGE (US$32.7 billion) and ranking 8th in the cryptocurrency market value.
Total Bitcoin balance held by short-term BTC holders falls to lowest level since October 2024
According to Trading View data, the total Bitcoin balance held by short-term BTC holders has fallen to its lowest level since October 2024 and is still on a downward trend, which may indicate an overall pullback in BTC prices.
According to Ember’s monitoring, since the resumption of money laundering activities at 3 pm on March 1, Bybit hackers have laundered 62,200 ETH (about 138 million US dollars). Currently, of the 499,000 ETH stolen from Bybit, only 156,000 ETH (about 346 million US dollars) remain unlaundered. At the current rate of money laundering, it is expected that all stolen funds will be cleared by around March 5.
Project News
Boyaa Interactive increased its holdings of 100 bitcoins, with an average purchase price of $79,500
According to the announcement of Hong Kong-listed company Boyaa Interactive (0434.HK) today, it spent US$7.95 million on February 28 to increase its holdings of 100 bitcoins, with an average purchase price of US$79,500. Boyaa Interactives total bitcoin holdings increased to 3,350, with an average holding price of US$58,627.
Pump.funs revenue in February decreased by 38% month-on-month
According to DefiLlama data, pump.funs protocol fee revenue in February was $75.28 million, a 38% decrease from January ($121 million). In terms of weekly revenue, pump.fun generated $7.76 million in protocol revenue in the past week, a decrease of nearly 80% from the highest revenue in history ($37.31 million) in the week of January 19.
Ethereum researchers propose decentralized solution to MEV problem
Ethereum researcher Malik 672 proposed the Decentralized Random Block Proposal solution, which aims to eliminate MEV and solve the centralization problem.
Currently, about 80% of Ethereum blocks are proposed by only two entities, which is contrary to the spirit of decentralization. Malik 672s proposal allows all Ethereum clients (rather than a few builders) to build blocks using a random algorithm, thereby preventing profit-driven transaction manipulation.
The main advantages of this solution include: completely eliminating MEV at the block level; decentralizing block construction power from a few entities to all clients; potentially reducing block time from 12 seconds to 6-8 seconds; and supporting Ethereums future Danksharding expansion plan.
Compared with the current Proposer-Builder Separation (PBS) mechanism, the new system performs better in decentralization and eliminating MEV, but is slightly lacking in L2 efficiency optimization. For Ethereum, which values fairness, this solution is of great value.
Investment and Financing
Crypto lending platform Lantern Finance announced the completion of $1 million in Pre-Seed financing, with participation from Orange DAO, Supermoon Ventures, Andover Ventures and others. The new funds will support its development of the next-generation cryptocurrency lending platform, allowing users to borrow against digital assets and deposit funds directly into bank accounts.
Decentralized AI protocol Prime Intellect announced that it has completed US$15 million in financing, 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 (co-founder of 8 VC), Brendan McCord (Cosmos Institute), Sandeep Nailwal (Polygon), etc.
ACID Labs, a social gaming company, announces $8 million in funding led by a16z Speedrun and NFX
ACID Labs, a social gaming company, has raised $8 million in funding, led by a16z Speedrun and NFX. It is reported that ACID Labs game Boinkers.io has 11.5 million monthly active users on Telegram, and plans to launch more social-first games.
Regulatory trends
Japan Finance Minister: 110% tax on crypto assets is possible, but not limited to crypto assets
Japanese Finance Minister KATO Katsunobu mentioned the possibility of imposing a 110% tax rate on crypto assets (inheritance tax + income tax + resident tax = 110%) at a House of Representatives Budget Committee meeting, saying that this situation is indeed possible under current laws and is not limited to crypto assets and that the tax rate only applies to cases where profits are extremely high.
Swiss National Bank President Says Bitcoin Is Not Suitable as a Reserve Asset
Swiss National Bank (SNB) President Martin Schlegel does not want Bitcoin as a reserve asset in Switzerland, citing factors such as lack of stability, liquidity concerns and security risks.
Schlegel told Swiss local media Tamedia on March 1 that Bitcoin and other cryptocurrencies are too volatile to maintain the value of the SNB’s investments. “Secondly, our reserves need to be highly liquid so that they can be used quickly for monetary policy purposes when needed.”
Schlegel also noted that because Bitcoin and cryptocurrencies are run by software, they are inherently susceptible to bugs and technical weaknesses: We all know that software can have bugs and other weaknesses.
While Schlegel acknowledged that the crypto market secures nearly $3 trillion in value, he said the industry is still a niche phenomenon compared to the broader financial system. The SNB president added that he does not believe Bitcoin or cryptocurrencies could replace the Swiss franc: We are not afraid of competition from cryptocurrencies.
Character Voice
CryptoQuant CEO: Bitcoin’s current rise is driven by whales on Coinbase
Ki Young Ju, founder and CEO of CryptoQuant, posted the changes in Coinbases premium index on X and said that the current rise of Bitcoin was driven by whales on Coinbase.
Coinbase co-founder and CEO Brian Armstrong commented on social media about Trump is advancing the cryptocurrency reserve plan and said that in terms of asset allocation for strategic reserves, Bitcoin may be the best choice. As the successor to gold, Bitcoin has the simplest and clearest narrative. If people want more variety, they can use market capitalization-weighted indexes for crypto assets to maintain fairness, but it may be easiest to just choose Bitcoin.
