GMX DAO Implements Strategy to Address CEX Oversupply and Boost Price Visibility

The GMX DAO has announced a new strategy aimed at mitigating oversupply on centralized exchanges and improving price awareness. The plan includes reallocating staking rewards to the Treasury and consolidating liquidity across the GMX ecosystem.

Binance has added Fabric Protocol (ROBO) with Seed Tag.

U.S. ADP Nonfarm Employment Rose by 63,000 in February, Upsetting Prior Estimate of 22,000.

Sui has launched its stablecoin, the Sui Dollar (USDsui).

An unidentified insider has increased activity on a Polymarket wallet created on February 28, placing two bets totaling approximately $16,000. The bets predict that the Iranian regime will fall before March 31. The first wager forecasts that either the US or Israel will launch an attack on Iran before February 28, while the second predicts that Iran’s Supreme Leader, Khamenei, will step down by that date.

An insider has recently become active on a Polymarket wallet, which was created on February 28. The account has placed two significant bets concerning Iran's political future, totaling $16,000 in potential gains. The first wager predicts that the United States or Israel will initiate an attack on Iran before March 31. The second bet forecasts that Iran's Supreme Leader, Ayatollah Khamenei, will resign by February 28.

USA Macro (January):
- S&P Composite PMI at 51.9, down from 53
- S&P Services PMI at 51.7, down from 52.7
- ISM Services PMI at 51.6, down from 53.8

CryptoRank reports that approximately half of Polymarket's daily trading volume may be artificial. Of this, 28% is attributed to airdrop farmers, and 23% is generated by bots.

Coinbase has partnered with Microsoft to counter Tycoon 2FA ("Tycoon"), a phishing-as-a-service platform facilitating credential harvesting campaigns through fake login pages mimicking trusted services such as Microsoft 365.

Coinbase to list Limitless (LMTS) tomorrow.

Aave to Reduce Annual Buyback Budget and Shift Funding Source

Aave announced it will cut its annual AAVE token buyback budget from approximately $50 million to around $30 million. The protocol also plans to transition the primary funding source for the buyback program from stablecoins to ETH-denominated assets.

Today's Digest and Tomorrow's Events - https://t.me/bingx1/2147483647

Sui’s stablecoin USDsui, developed by Bridge, a Stripe subsidiary, has been officially launched on the mainnet.

Crossmint has partnered with Western Union to support the launch of the USDPT stablecoin and a new digital asset network on the Solana blockchain.

Anthropic has resumed discussions with the Pentagon as technology companies pressure former President Donald Trump to remove the 'risky' designation, according to the Financial Times.

Anthropic has resumed negotiations with the Pentagon, while technology firms are urging former President Trump to rescind the 'risky' designation, according to the Financial Times.

Yesterday, net inflows into spot Bitcoin ETFs totaled approximately $461.9 million, while spot Ethereum ETFs saw inflows of around $169.4 million.

Yesterday, spot Bitcoin ETFs experienced net inflows of approximately $461.9 million, while spot Ethereum ETFs saw total net inflows of around $169.4 million.

Over the past 16 hours, two wallets associated with Cumberland have transferred a total of 46,620 ETH, valued at approximately $98.8 million, from Binance, Coinbase, and Copper exchanges.

Andreessen Horowitz's cryptocurrency division is aiming to raise $2 billion for its fifth fund. Source: CoinDesk

NYSE parent company invests in OKX crypto exchange valued at $25 billion to expand into tokenized securities market.