Trump posted on social media that his digital asset executive order directs the presidential working group to advance a cryptocurrency strategic reserve including XRP, SOL and ADA. Trump also said he will ensure the US becomes the world capital of cryptocurrency and is making America great again.
Later, the news Trump said BTC, ETH and other valuable cryptocurrencies will be the core of the reserve.
David Sacks: Trump is fulfilling his promise to make the US the "world capital of cryptocurrency"
David Sacks, the White House's AI and cryptocurrency czar, posted on the platform: "President Trump has announced a cryptocurrency strategic reserve composed of Bitcoin and other top cryptocurrencies. This is consistent with his first-week Executive Order 14178. President Trump is fulfilling his promise to make the US the 'world capital of cryptocurrency'. More details will be unveiled at the White House Cryptocurrency Summit on March 7."
According to the public account of the Public Security Bureau Cyber Security Bureau, counterfeit DeepSeek websites and Trojan viruses have appeared on the Internet, causing great trouble and security risks to the general public. It is reported that a criminal gang has launched the "DeepSeek" blockchain project, claiming that it is a distributed ledger project developed based on DeepSeek technology, attracting many investors to participate in crowdfunding and raising a large amount of funds, and then the team disappeared. Recently, many people have been pulled into the so-called "DeepSeek official group", where someone claims to be able to provide "internal testing qualifications" or "advanced courses", and has created the virtual currency "DeepSeekCoin" to attract a large number of investors to buy, but the investors' funds have all been wasted. The cyber police remind the public to do a good job of prevention, download the genuine DeepSeek from the official website and mainstream app stores, and beware of various security risks to avoid the possibility of downloading counterfeit programs from the source.
Mario Nawfal, founder of IBC Group, posted on the X platform to disclose details of Musk's interview on the Joe Rogan Experience. It is reported that Musk said DOGE was just a joke at first, and he wanted to name the "Department of Government Efficiency" DOGE from the beginning, because it was a "boring name" itself. When talking about Tesla, Musk said that when he joined Tesla, the company had nothing, no cars and no employees, and did not exist in any meaningful way. When talking about OpenAI, Musk said: "OpenAI was my idea (OpenAI was my Idea), OpenAI should be open source, because I wanted to do something the opposite of Google, because they don't care about the safety of artificial intelligence."
Cronos proposes to reissue 70 billion destroyed tokens to "create a Cronos strategic reserve"
Cronos posted on the X platform that a new proposal was released for voting at the Cronos POS governance forum today, which "aims to restore Cronos' golden age and invest huge sums to support the Cronos roadmap (including ETF) and the ambition to make the US the global capital of cryptocurrency". To achieve this goal, the 70 billion CRO tokens burned in February 2021 will be restored to establish a Cronos strategic reserve (i.e. the total supply will be restored to the original 100 billion CRO). The strategic reserve fund will be locked for an additional 5 years on top of the 5 years since the CRO was first issued on Ethereum, making the total vesting period 10 years.
Brazilian soccer star Ronaldinho retweets "Keep Building!" tweet by Binance co-founder CZ
Brazilian soccer star Ronaldinho (Ronaldinho Gaúcho) posted on the X platform to retweet the tweet "Keep Building!" by Binance co-founder CZ, and commented "On it!". Ronaldinho also said that ordinary players follow the trend, while legendary players can see things that others cannot see. Previously, Ronaldinho warned the community to beware of the fake Meme coin named after him, and revealed that he may release major news.
CryptoQuant CEO: Ethereum is facing internal issues, the team may no longer trust the leadership
CryptoQuant founder and CEO Ki Young Ju retweeted Vitalik Buterin's tweet saying "Ethereum needs a lot of young blood", and said Ethereum is facing risks: • Ethereum's leadership does not respect the team, and the team may also not trust the leadership. • Skilled developers are developing elsewhere. • Ethereum's leaders want to leave, but there is no clear successor. • Vitalik Buterin's words reveal that Ethereum has internal problems.
Ella Zhang, the head of YZi Labs (formerly Binance Labs), reposted CZ's tweet about the "crazy token issuance idea" released yesterday, and announced that if long-term builders create projects based on CZ's idea, they can submit applications to YZi Labs and receive priority review. Previously, it was reported that CZ released a crazy token issuance idea, where the initial 10% of the tokens are unlocked and sold in the market, with the proceeds used for the project team to develop products/platforms, marketing, salaries, etc. Subsequent unlocks must meet all of the following conditions: 1. At least 6 months since the last unlock. 2. The token price must be above 2 times the last unlock price for 30 days before the unlock. 3. No more than 5% of the tokens can be unlocked each time.
Safe posted on the X platform that the Safe{Wallet} team has been working with Mandiant over the past few days to conduct a comprehensive forensic investigation and security audit on the Bybit hacking incident. Safe said its team is committed to transparency, and the preliminary report results will be released next week.
Decentralized AI protocol Prime Intellect raises $15 million, led by Founders Fund
According to official information, the decentralized AI protocol Prime Intellect has announced the completion of a $15 million financing round, 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 (8VC co-founder), Brendan McCord (Cosmos Institute), and Sandeep Nailwal (Polygon). This brings its total funding to over $20 million. Prime Intellect is building a peer-to-peer protocol for computation and intelligence, which will enable the collective creation, ownership and access of sovereign open-source AI. The Prime Intellect protocol is already running on a testnet, building a trustless, community-driven ecosystem where contributors will benefit from the models they help create.
Tether Treasury mints 1 billion USDT on Ethereum
According to Whale Alert, about four minutes ago, Tether Treasury minted 1 billion USDT on Ethereum.
Token Unlocks data shows that tokens such as ENA, SUI, and BERA will see large unlocks next week, among which:
- Ethena (ENA) will unlock about 207 million tokens at 3 PM Beijing time on March 5, accounting for 66.19% of the current circulating supply, worth about $835 million;
- Sui (SUI) will unlock about 40.63 million tokens at 8 AM Beijing time on March 3, accounting for 1.28% of the current circulating supply, worth about $117 million;
- Kaspa (KAS) will unlock about 162 million tokens at 8 AM Beijing time on March 7, accounting for 0.63% of the current circulating supply, worth about $12.8 million;
- Neon (NEON) will unlock about 53.91 million tokens at 8 AM Beijing time on March 7, accounting for 22.51% of the current circulating supply, worth about $8.4 million;
- Staika (STIK) will unlock about 1.57 million tokens at 8 AM Beijing time on March 4, worth about $8 million.
A whale deposited 400,000 TRUMP tokens worth $5.57 million into Binance 5 minutes ago
According to monitoring by ai_9684xtpa, a whale that built a $5.23 million position in $TRUMP at an average price of $13.07 four days ago deposited 400,000 TRUMP tokens worth $5.57 million into Binance five minutes ago, and if sold, would make a profit of $344,000.
The whale "先定10个大目标" has closed its position at dawn, making a profit of $15.39 million
The contract whale "先定10个大目标" (@jasonleo) posted a screenshot of a contract position on the X platform, showing that the whale had closed its long position opened at $83,563.92 in Bitcoin at 2:47 AM this morning, with a closing price of 92,630.6 USDT, making a total profit of 15,394,374.05 USDT.
According to monitoring by ai_9684xtpa, the ancient Ethereum whale who previously deposited 1,024 ETH into Kraken has cleared its position, making a total profit of over $80 million. The sell-off details are as follows: 10,000 ETH were sold at an average price of $4,519 in December 2021 (the peak of the last bull market), making a profit of $45.19 million, and successfully avoided the top; the remaining 10,000 ETH were staked to earn interest, and started to be gradually sold off from November 2023, with a final average selling price of $3,088.
According to Lookonchain monitoring, wallets associated with the STAR10 team (@10Ronaldinho) only spent 80 BNB (worth $50,000) to purchase 122.45 million STAR10 tokens (accounting for 12.24% of the total supply). Address 0x01D9...E14D spent 80 BNB (worth $50,000) to purchase 122.45 million STAR10 tokens, and then sold 10 million STAR10 tokens for 433 BNB (worth $270,000), leaving 121.44 million STAR10 tokens (worth $33.5 million, accounting for 12.14% of the total supply). Address 0x01D9...E14D transferred 0.15 BNB as gas fees to the STAR10 team wallet (0x8218...AF37). Both address 0x01D9...E14D and the developer wallet (0xb36E...790d) received funds from Allbridge.
According to Lookonchain monitoring, users on Hyperliquid who were 50x long on BTC and ETH have closed most of their long positions, making over $6.8 million in a single day.
According to Deribit executive exposure, Bitcoin ETFs only saw significant net inflows on Friday, with net outflows on the other four days, resulting in a total weekly net outflow of $2.3907 billion, reducing their BTC holdings by 26,242.77 BTC. As US stocks rebounded on Friday, BTC also stopped falling and rebounded to $85,000.
