Summary
gm, Bitcoin surged above $93,000 following U.S. President Donald Trump's announcement of a strategic crypto reserve that would include Bitcoin, Ethereum, XRP, Solana, and Cardano. This news catalyzed a broad market rally, with Bitcoin's active addresses reaching their highest level since December 2024, potentially signaling a market reversal. Simultaneously, the Ethereum Foundation appointed new co-directors, aiming to address challenges in the Ethereum ecosystem. The upcoming White House Crypto Summit on March 7 further underscores the growing intersection of crypto and traditional finance, with industry leaders set to discuss regulations and Bitcoin's role in the financial system.

News Headlines
🏢 Real Estate Tokenization Could Transform Investment Landscape

  • Polygon CEO Mark Boiron highlighted how real estate tokenization can address issues of illiquidity, high transaction costs, and intermediaries in property investments.
  • Tokenization facilitates fractional ownership and trading on secondary markets, potentially enhancing liquidity and overall market value.

🤖 AI Agents Emerging as Autonomous Economic Participants

  • AI agents are beginning to act independently in the economy, potentially transforming the economic landscape.
  • Blockchain technology offers a decentralized financial infrastructure allowing AI agents to operate without human oversight, with significant implications for future economic systems.

🏦 Japan's Metaplanet Acquires More Bitcoin, Explores US Listing

  • Metaplanet purchased an additional 156 Bitcoin for $13.4 million, increasing its total acquisition to $196.3 million.
  • The firm is evaluating options for making its shares more accessible, including a potential listing in the United States.

🎮 GameStop Considers $5 Billion Bitcoin Investment Proposal

  • GameStop CEO Ryan Cohen responded to a proposal suggesting the retailer convert $5 million into Bitcoin, potentially positioning GameStop as a leading Bitcoin treasury in the gaming sector.
  • Strive Asset Management argues that Bitcoin is a more desirable asset than cash, especially amid inflation.

💰 Trader Profits $6.8M from Well-Timed Bitcoin and Ethereum Bets

  • A crypto trader made $6.8 million by strategically placing leveraged bets on Bitcoin and Ethereum just before Trump's crypto reserve announcement.
  • The trader utilized 50x leverage to buy long positions hours prior to the announcement, raising questions about potential insider knowledge.

Market Metrics

Fundraising & VC
No fundraising data today.

On-chain Data
1. Wormhole (W) token unlocked today ($6.19M, 1.54%)
2. Immutable X (IMX) token unlock in 2 days ($7.50M, 0.59%)
3. Galxe (GAL) token unlock in 2 days ($2.57M, 1.59%)
4. Myria (myria) token unlock in 3 days ($1.01M, 2.66%)
5. Core DAO (CORE) token unlock in 5 days ($4.73M, 0.91%)

Regulatory
🏦 Crypto Banking Issues Persist Under Trump Administration

  • Caitlin Long, CEO of Custodia Bank, stated that the Trump administration has not made significant progress in addressing crypto debanking issues.
  • Federal banking agencies have not reversed the anti-crypto stance, with banks still viewed as unsafe for dealing with digital assets.

⚖️ Vitalik Buterin Criticizes Potential Life Sentence for Roger Ver

  • Ethereum co-founder Vitalik Buterin criticized the potential life sentence facing Roger Ver for alleged tax fraud.
  • Buterin called the potential punishment "absurd" and politically motivated, comparing it to Ross Ulbricht's case.

🚔 First UK Criminal Sentence for Illegal Crypto ATMs

  • Olumide Osunkoya was sentenced to four years in prison for illegally operating crypto ATMs in the UK.
  • This marks the first criminal sentence for unregistered crypto activity in the country.

💰 US to Return $8.2M Seized from Crypto Scammers

  • US authorities are returning $8.2 million in cryptocurrency seized from scam addresses linked to fraudulent messaging schemes.
  • The FBI identified 33 victims with total losses reaching $6 million.

💼 Ethereum Developer Danny Ryan Joins Etherealize

  • Danny Ryan, a longtime Ethereum developer, announced his role as co-founder of Etherealize, focusing on marketing Ethereum to institutional investors.
  • The initiative aims to bridge Ethereum with the real world and promote sensible regulation and ecosystem development.

Technical Analysis
Bitcoin - Bitcoin is within an approximate horizontal trend channel in the short term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. The currency is approaching resistance at 94000 points, which may give a negative reaction. However, a break upwards through 94000 points will be a positive signal. The currency is assessed as technically negative for the short term.

Ethereum - Ethereum is in a falling trend channel in the short term. Falling trends indicate that the currency experiences negative development and falling buy interest among investors. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the currency has resistance at 2600 points. Volume has previously been low at price tops and high at price bottoms. Volume balance is also negative, which confirms the trend. The currency is overall assessed as technically negative for the short term.

Governance & Code
🔰 Venus DAO | Chaos Labs - Risk Parameter Update (Feb. 28, 2025)
- This proposal aims to increase BAL's Supply Cap on the Ethereum Core pool from 4 million to 4.1 million.

💧 Lido DAO | Recognition of wstETH Bridge Endpoints on Lisk as Canonical
- Lido DAO’s Network Expansion Committee has proposed recognizing wstETH bridge endpoints on Lisk as canonical, following the deployment of Lido wstETH ERC20 tokens and bridging contracts on Lisk L2.