🏦 Bitcoin has never experienced a banking crisis, particularly a global liquidity crisis. This situation can be likened to a significant deflationary event, akin to squashing a bug. link

📝 New research published

In this report, we analyze how Hyperliquid’s order book is shifting competitive dynamics between exchanges and influencing liquidity flows across the market.

Whether you’re already following this development or want to better understand the narrative behind it, this is essential reading.

Access the full report link

📈 Gold reclaims $5,100

📈 Coinbase CEO Brian Armstrong said countries that embrace crypto are likely to see the most economic growth over the next decade.

💵 250,000,000 #USDC (250,011,749 USD) minted at USDC Treasury link

💵 250,000,000 #USDC (249,974,250 USD) minted at USDC Treasury link

🇺🇸⚖️ Illinois Governor JB Pritzker sends an invoice to President Trump demanding $8.6 billion in refunds following the Supreme Court tariff ruling. #regulation

😱🤑 Fear & Greed Index for #ETH

🕵️ A newly created wallet "0x1AE" linked to Bitmine further received 17,222 $ETH worth $34.7M from Kraken and now it holds 27,722 $ETH worth $54.57M.

Address: 0x1AE9D8e2357348baD1F5cA1f743981E8D092a177

🕵️ Tom Lee's Bitmine bought another 17,722 $ETH for $34.74M eight hours ago.

This week, three wallets likely linked to Bitmine purchased a total of 62,722 $ETH for $123.25M. link link

🇺🇸🕵️ The U.S. Securities and Exchange Commission (SEC) has updated its Broker-Dealer Financial Responsibility FAQ, allowing broker-dealers to include stablecoins in their regulatory capital calculations with a 2% "haircut." Previously, stablecoins faced a 100% haircut, preventing them from being counted toward regulatory capital. Institutions can now recognize stablecoin holdings, such as USDC and USDT, at 98% of their book value for capital purposes. SEC Commissioner Hester Peirce noted that this change will facilitate broker-dealers' participation in tokenized securities and crypto asset-related businesses. #regulation link

🇺🇸🕵️ Someone created a new wallet and spent $100K betting that the U.S. will strike Iran in March.

Gambler or insider? link

🐳 The whale "0xaCB" deposited $5M $USDC into HyperLiquid and increased its #GOLD (4x) and opened new #SILVER (3x) short positions.

Stats:

- 2,978.17 $GOLD ($15.21M)
- 97,085.91 $SILVER ($8.22M) link

🕵️ Garrett Jin deposited 11,318 $BTC ($760.6M) into Binance.

However, it appears he hasn't sold them on the market immediately.

This could indicate an OTC deal, or he may simply be holding them on Binance. link

🐳 Whale AHdUMw spent $10.26M in $USDC to buy 121,368 $SOL at an average price of $84.57 one hour ago. link

🐳 Antalpha sent 1,000 $XAUT (~$5M) into Bybit, likely to sell.

They still hold 59,033 $XAUT (~$300.69M). link

🗣 #ETH Vitalik Buterin stated he is developing a "cypherpunk-principled" Ethereum to improve censorship resistance, zk-friendliness, and leaner consensus. He indicated that Ethereum might transition to a new system language within five years, potentially accelerated by AI, along with upgrades to the state tree, consensus, ZK-EVM verification, and VM. link

🕵️ 1,462.13 #BTC ($99,332,772)
aggregated inflows to Coinbase Pro link

🙅 Tether announced it will discontinue support for the offshore yuan stablecoin CNH₮ effective immediately. No new tokens will be issued, and redemption support will end one year after the announcement, with a prior reminder. The decision was based on market conditions and limited demand, as CNH₮’s scale no longer justifies ongoing operational support. CNH₮ will remain redeemable under Tether’s terms until the deadline, and holders are advised to redeem promptly. #stablecoin link

🇺🇸⚖️ President Trump signed an executive order to impose an additional 10% tariff on all countries.

Illinois Governor J.B. Pritzker is sending Trump a bill demanding the return of $8.6 billion following the Supreme Court's decision on tariffs. #regulation

📊 According to Fortune, Wintermute founder Evgeny Gaevoy stated on the Crypto Playbook podcast that the industry has moved away from its cypherpunk roots toward a "number go up" narrative. He argued that stablecoins reinforce U.S. dollar dominance rather than creating a decentralized parallel system, emphasizing the need for crypto to reconnect with its cypherpunk ethos instead of fully integrating with Wall Street. Despite Ethereum's over $120 billion in TVL, he noted that real decentralized application adoption remains limited. #stablecoin link