1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: +0.53%
ETH: +1.24%
SOL: +0.10%
XRP: +2.29%
ADA: +10.99%
TRUMP: +1.34%
DOGE: -0.53%
SUI: -6.12%
PEPE: -2.10%
BNB: +1.52%
24 H increase list (data source: OKX):
PRQ: +19.86%
GOAL: +15.34%
AAVE: +14.38%
ADA: +11.14%
ZBCN: +8.23%
CATI: +7.15%
COMP: +6.72%
VELODROME: +6.68%
SNX: +6.68%
SAMO: +6.64%
2. Top 5 popular memes on the chain (data source: GMGN ):
Sammy
DARKLON
GREE D3
JAILGAY
IRIDIA
3. 24-hour hot search currencies
WANCE: A meme coin related to the concept of the current U.S. Vice President JD Vance. It originated from the recent meeting between Trump and Ukrainian President Zelensky. Vances performance was very meme-like and his attitude was extremely tough, which triggered widespread discussion and gave birth to a number of related memes, including yesterdays PWEASE token.
Headlines
The U.S. Senate voted 70-27 to repeal the IRSs expansion of broker rules, which were originally intended to cover DeFi. The House of Representatives will need to vote on it, and then the president can sign it into law to repeal the rule and prevent the IRS from implementing similar policies in the future.
Earlier news, U.S. crypto-friendly Senator and Chair of the U.S. Senate Banking Digital Assets Subcommittee Cynthia Lummis retweeted The White House will support CRA to revoke DeFi broker rules on the X platform, and said: The IRSs regulations on DeFi fundamentally misunderstand how decentralized technology works. Wyoming has always been at the forefront of responsible digital asset regulation, and I have witnessed how regulatory clarity - not over-regulation - promotes innovation. These tough federal regulations may push U.S. crypto entrepreneurs overseas, when we should be nurturing this industry at home. It is an honor to work with Senator Ted Cruz to revoke this attack on the crypto community.
Bitcoin infrastructure development company Blockstream Corp. has received billions of dollars in investment to launch three funds, two of which will be used for crypto lending, according to people familiar with the matter. The three funds will go live on April 1, and the company intends to accept additional external capital starting July 1, according to another source. Blockstream declined to comment.
Industry News
Circle’s USDC to Become Japan’s First Dollar Stablecoin
Circle’s USDC will become Japan’s first dollar stablecoin, and SBI VC Trade will be the first to list Circle’s stablecoin under Japan’s new payment framework.
El Salvador added 1 BTC this morning, bringing its total holdings to 6,101 BTC
El Salvador increased its holdings by 1 BTC again this morning, bringing its total holdings to 6,101.18 BTC. El Salvador increased its holdings by 5 BTC yesterday.
Aaves high-risk loan size dropped by $1 billion, and liquidation volume fell against the trend
According to IntoTheBlock data, since the massive liquidation event on February 3, high-risk loans on the Aave mainnet have decreased by nearly $1 billion, and the liquidation volume has also dropped significantly. It is worth noting that the current market volatility is more intense than in February, which should theoretically lead to more borrowers facing forced liquidation, but the actual liquidation volume has decreased significantly. This phenomenon can be partly attributed to previous forced liquidations, but a more important factor may be the shift in overall market sentiment. Many large position holders have begun to adopt a more cautious strategy and actively deleverage to reduce risk exposure and cope with potential price pressures and market uncertainties.
The total market value of 14 listed mining companies tracked by JPMorgan Chase fell 22% in February this year, highlighting the weakening economics of Bitcoin mining. The bank pointed out that Bitcoin mining companies with high-performance computing (HPC) exposure fell after the release of DeepSeek artificial intelligence (AI) announcements and due to concerns about near-term data center capacity demand. JPMorgan Chase added in its report that Core Scientific (CORZ) performed the best, falling 9%, while Greenidge Generation performed poorly, falling 36% on the month.
Project News
Monad: Sending more than 10 MON test coins to a single address of many NFT Holders
Monad officially announced that it has sent more than 10 MON test coins to the wallet addresses holding the following NFTs.
• cryptopunks • milady maker • bored ape yacht club • pudgy penguins • autoglyphs • chromie squiggles
• mutant ape yacht club • doodles • fidenza • azuki • lil pudgys • meebits • captains • redacted remilio babies
• parallel avatars • sappy seals • digidaigaku • max pain xcopy • cool cats • mfers • moonbirds • forgotten runes wizard cult • cryptoadz • beanz • rektguy • opepen • the plague • checks • schizoposters • pudgy rods
Aave community releases new proposal seeking to update AAVE token economics and more
According to market news, Aave DAO service provider Marc Zeller issued a governance proposal to seek governance approval to implement the first part of the updated Aavenomics, including updating AAVE token economics, redistributing excess revenue from the protocol, abandoning LEND tokens, and updating AAVE secondary liquidity protocol management. This proposal is a natural continuation of the TEMP CHECK Aavenomics update proposed in July 2024 and approved by governance in August 2024. This proposal focuses on the implementation of Aavenomics and is more concise than TEMP CHECK to improve readability. The updated TEMP CHECK of Aavenomics was approved about six months ago. The proposal suggests using Umbrella as a protection mechanism for Aave users, while using it as a growth tool by redistributing part of Aave DAOs excess revenue to Umbrella aToken stakers.
MARA: Bitcoin holdings increased to 46,374
MARA, a U.S.-listed crypto mining company, released its operating data for February 2025. In February, Bitcoin mining produced 706 BTC, with daily output increasing by 4% month-on-month, and Bitcoin holdings increased to 46,374.
Sonys L2 network Soneium has issued OG NFT certificates to early users
Sonys Layer 2 network Soneium has distributed two OG NFTs, Soneium OG Badge (need to complete at least 45 transactions) and Soneium Premium OG Badge (need to bridge 1 ETH or 2500 USDC or 70000 ASTR to the network) to early users. Now they can be queried through block browsers such as Blockscout. On-chain data shows that the total number of addresses holding the two OG NFTs is 426992.
Investment and Financing
Across Protocol Completes $41 Million Financing, Led by Paradigm
Focused on interoperability, Across Protocol raised $41 million by selling its ACX tokens to investors. Paradigm led the round, with participation from Bain Capital Crypto, Coinbase Ventures, Multicoin Capital and angel investor Sina Habinian. The latest round of financing brings its total financing to $51 million.
Infrared Completes $16 Million Series A Funding, Led by Framework Ventures
Berachains on-chain proof-of-liquidity (PoL) staking protocol Infrared announced the completion of a $16 million Series A financing round, led by Framework Ventures, with participation from Citizen X, Halo Capital, No Limit Holdings, NGC Ventures and Selini Capital. As of now, its total financing has reached $18.75 million.
Metaplanet completes approximately $87 million in financing to increase Bitcoin holdings
According to Metaplanets announcement, the company completed the large-scale exercise of the 13th and 14th series stock subscription rights through a third-party private placement, raising a total of approximately 12.97 billion yen (approximately 87 million US dollars). This financing was supported by EVO FUND, and part of the funds have been used to redeem the previously issued 7th ordinary bonds in advance. Metaplanet plans to use the funds to continue to increase its holdings of Bitcoin to strengthen its digital asset investment strategy.
French crypto trading company Flowdesk has successfully raised $102 million, of which about 90% is equity financing and about 10% is debt financing. The new funds will be used to expand services, including setting up a crypto credit department and opening an office in the UAE.
Flowdesk focuses on market making and liquidity provision, and has achieved an eightfold increase in revenue by 2024. This round of financing was led by European investor HV Capital, with participation from French private equity firm Eurazeo, etc. Debt financing came from funds managed by BlackRock.
Flowdesk plans to use the funds to expand its OTC derivatives business and provide competitive lending and loan solutions. The company will also increase its headcount and open more offices in the next year. In addition, Flowdesk is also actively preparing for compliance with the EU MiCA regulations.
Endless Web3, a distributed intelligent component protocol, announced the completion of a strategic round of financing. The investors in this round are mainly several institutions and well-known investors including Foresight Ventures.
The financing plan will be used to accelerate the development of Endlesss componentized development platform, AI Agent tool chain and ecosystem construction, as well as key aspects of project development such as project product research and development, ecosystem development support, long-term development reserves, market and strategic cooperation, to promote Endless to become a super connector from Web2 to Web3, AI and Web3.
Endless is a distributed intelligent component protocol that aims to lower the threshold for Web2 applications to transform to Web3, provide developers with a one-stop Web3 application development platform, and provide users with a Web2-level experience. Endless is equipped with a public chain that supports the Move language, and integrates a variety of AI large model capabilities and plug-ins. It is committed to becoming the best connector for AI and Crypto, allowing developers to build Crypto AI applications more simply and quickly.
FastLane Labs Completes $6 Million in Financing, Led by Figment Capital and DBA
FastLane Labs announced that it has completed a US$6 million financing round, led by Figment Capital and DBA, with participation from Coinbase Ventures, Robot Ventures, Hashkey Capital, CHORUS ONE and others.
According to previous news, in May 2023, FastLane Labs, the developer of Polygon ecosystem MEV solution FastLane, announced the completion of a US$2.3 million seed round of financing, led by Multicoin Capital, with participation from Polygon Ventures, Shima Capital, Delphi Ventures, Everstake Ventures, a 41 Ventures and Symbolic Capital, the venture capital fund of Polygon co-founder Sandeep Nailwal.
It is reported that the FastLane protocol focuses on creating income for validators, improving the efficiency of algorithmic traders, and minimizing redundant transactions on the network of network participants without the need to install or manage custom software on verification nodes.
Regulatory trends
US Treasury sanctions 49 Bitcoin and Monero addresses involved in darknet market Nemesis
According to an announcement from the U.S. Treasury Departments Office of Foreign Assets Control (OFAC), the U.S. government has added 49 cryptocurrency addresses to the sanctions list, which are controlled by Iranian citizen Behrouz Parsarad, who is accused of being the administrator of the dark web market Nemesis. The sanctioned addresses include 44 Bitcoin and 5 Monero addresses. Before being shut down, Nemesis had 30,000 active users and facilitated nearly $30 million in drug transactions during its three years of operation. According to OFAC, Parsarad made millions of dollars in profits by charging users transaction fees and was suspected of laundering money for drug traffickers and cybercriminals. Nemesis trades a wide range of products, including drugs, personal identity data, forged documents, ransomware, and cybercrime tools (such as phishing attacks and DDoS tools).
U.S. SEC agrees to drop lawsuit against Cumberland DRW
Cumberland DRW, a crypto trading company, announced that it has signed a joint application with the U.S. Securities and Exchange Commission (SEC) to withdraw the lawsuit filed by the SEC against it. The agreement was reached in principle by both parties on February 20 and is currently awaiting approval from the SEC. The SEC sued Cumberland DRW in October last year, accusing it of operating as an unregistered securities dealer and selling more than $2 billion in unregistered securities.
Character Voice
El Salvador’s President: Will Not Stop Accumulating Bitcoin Due to IMF Agreement
El Salvador’s Nayib Bukele says his country has no intention of stopping its purchases of Bitcoin (BTC), regardless of what the International Monetary Fund (IMF) demands. “‘This will stop in April.’ ‘This will stop in June.’ ‘This will stop in December.’ No, it will not stop, not now and not in the future when the world rejects us and most ‘Bitcoiners’ abandon us. Proof of Work > Proof of Complaint.” Earlier in the day, the International Monetary Fund (IMF) released more details of its $3.5 billion agreement with the Latin American country. The IMF claims that it prohibits “voluntary accumulation of Bitcoin by the public sector” as part of the loan program.
U.S. Commerce Secretary Mattis Lutnick said Tuesday that the Trump administration could announce a path to tariff relief for Mexican and Canadian goods as early as tomorrow. Mexican and Canadian officials have been on the phone with me all day today trying to show that they will do better, and the president is listening, so I think he will make some deal with them, it wont be a suspension of tariffs or anything like that, but I think Trump will compromise with them on some aspects, and we will probably announce it tomorrow, Lutnick said in an interview with Fox. Lutnick said the tariffs would probably be set somewhere in the middle, and that Trump would make some concessions to Canada and Mexico, but would not give in completely. Lutnick dismissed the idea that the tariffs would be completely rescinded, pointing to the United States-Mexico-Canada trade agreement negotiated during Trumps first term as president. If you follow those rules, then the president will consider giving you some relief, he said. If you dont follow those rules, then you have to pay the tariffs. This is the first public signal that Trump may waver on the issue since the tariffs were implemented. What puzzles the market is that Trump had previously said that Canadas retaliatory tariffs on the United States would immediately trigger the United States to increase reciprocal tariffs of the same amount.
Polymarket data shows that there is a 70% probability that the US-Canada trade war will end before May. The Trump administration imposed a 25% tariff on Canadian and Mexican goods on Tuesday, but Lutnick later hinted at the possibility of negotiations, which eased market sentiment and the probability of related predictions rose by 20% in a short period of time. Lutnick said that Trump hopes to reach an agreement with Canada and Mexico rather than simply suspend tariffs. Influenced by this news, the crypto market rose, and Bitcoin broke through $87,000. (CoinDesk)
Earlier news, U.S. Commerce Secretary Lutnick said on Tuesday that the Trump administration may announce a way to reduce tariffs on Mexican and Canadian goods as early as tomorrow. Lutnick said in an interview with Fox: Mexican and Canadian officials have been on the phone with me all day today, trying to show that they will do better, and the president is listening, so I think he will reach some agreement with them. This will not be a suspension of tariffs or something like that, but I think Trump will compromise with them in some aspects, and we will most likely announce it tomorrow. Lutnick said that the tariffs may be set at somewhere in the middle and Trump will make some compromises to Canada and Mexico, but will not give in completely.
Cynthia Lummis: The door to punitive regulation of the crypto industry is closing
U.S. Senator and Chair of the U.S. Senate Banking Subcommittee on Digital Assets Cynthia Lummis posted on the X platform to comment on the withdrawal of the lawsuit against the cryptocurrency exchange Kraken. She said: This is a huge victory for the digital asset industry. We are closing the door to punitive regulation and welcoming the return of American innovation.
