Trump Announces Crypto Reserve, Tariffs Liquidate ~$1B

️ On today's Top Picks:

Crypto News

• ⭐️ US President Trump announces Crypto Strategic Reserve consisting of Bitcoin $BTC, Ethereum $ETH, Solana $SOL, XRP $XRP, & Cardano $ADA; to reveal more details at Crypto Summit at the White House on March 7th.

• ⭐️ ~$1B liquidated from the cryptocurrency market in the past 24 hours.

• Digital Asset Investment Products saw $2.9B of outflows last week; Bitcoin $BTC $2.59B outflows, Ethereum $ETH $300M outflows, Solana $SOL $7.4M outflows, XRP $XRP $5M inflows.

• Ethereum $ETH Foundation appoints Hsiao-Wei Wang & Tomasz Stanczak as co-executive directors; Hsiao-Wei Wang served as a researcher at the EF for 7 years; Tomasz Stanczak is the founder of Nethermind.

• Solana $SOL Co-founder Anatoly Yakovenko expresses support for the SIMD-0228 proposal; introduces a market-driven mechanism based on the staking participation rate, using a static curve to reduce the total issuance rate.

• Tether appoints Simon McWilliams as CFO; to complete full audit; former CFO Giancarlo Devasini to transition to Chairman.

• ZachXBT calls out Circle $USDC for slow response to freeze hacked Bybit funds; references several other incidents where Circle failed to act.

• Binance $BNB to delist non-MiCA compliant stablecoins for EEA users on March 31st; includes $USDT, $FDUSD, $TUSD, $USDP, $DAI, $AEUR, $UST, $USTC, and $PAXG.

• US SEC to dismiss lawsuit against Kraken pending commissioner approval; SEC sued Kraken over securities law violations in November 2023.

• Cronos $CRO proposes reissuing 70B burned CRO; plan seeks to boost US crypto dominance, fund ecosystem growth, and launch a CRO ETF.

• US SEC closes investigation into Yuga Labs; SEC probed Yuga Labs over securities law violations in October 2022.

Alpha

• Weekly Airdrop Recap by Earndrop.

• Sign Airdrop Strategy by Earndrop.

• MegaETH to launch testnet on March 6th with user onboarding on March 10th; to distribute testnet ETH directly to registered wallets.

• Reddio completes first snapshot; to release information regarding whitepaper, tokenomics, mainnet, & more soon.

• RedStone Oracles expedition ends; to launch $RED TGE & airdrop soon.

• DeBank launches Kaito $KAITO Airdrop Hunter Web3 Badge; users who received KAITO airdrop can mint.

• CoinGecko revamps GeckoTerminal app; features all-new interface redesigned from scratch.

• March Crypto Calendar by LayerGG.

• List of upcoming TGEs, listings, & releases by ICO Analytics.

Airdrops

• ⭐️ Zora to launch $ZORA TGE & airdrop in Spring 2025; 10% of supply allocated for Retroactive Airdrop; completes first snapshot on March 3rd; to complete second snapshot 3 days before TGE.

• Nillion to launch $NIL TGE & airdrop in March; airdrop registration ended February 3rd.

• Corn to launch $CORN TGE & airdrop in March; BTC Harvester Vault incentivized with pre-TGE $CORN is live.

• Henlo launches $HENLO airdrop claim; Berachain NFT holders, Boyco users, Henlo Crews, & more are eligible.

• Mint launches $MINT airdrop eligibility & allocation checker; MintID NFT stakers, Mint Forest users, & more are eligible; to launch airdrop claim on March 7th.

• KiloEx to launch $KILO TGE & airdrop on March 17th; to release eligibility criteria soon.

• Binance launches GoPlus Security $GPS HODLer Airdrop; Simple Earn and/or On-Chain Yields subscribers from February 19th to February 24th are eligible.

Finance News

• ⭐️ US President Trump's tariffs on Mexico, Canada, & China take effect; both China & Canada announce retaliatory tariffs.

• Metaplanet buys $3350.T buys 156 Bitcoin $BTC for $13.4M at ~$82,100 per BTC; holds 2,391 BTC worth ~$200M.

• Swiss National Bank President Martin Schlegel dismisses idea of adding Bitcoin $BTC as reserve asset; cites volatility, lack of liquidity, and security risks.

• Core Scientific $CORZ appoints Jim Nygaard as CFO; Nygaard previously Managing Director and Head of M&A at XMS Capital Partners.

• Hut 8 $HUT reports $331M in net income in 2024; holds 10,171 Bitcoin $BTC worth ~$856M.

• TSMC to invest $100B in US chip manufacturing plants over the next four years; expansion to generate between 20K-25K jobs.

Security and Exploits

• Ethereum Foundation introduces ZKnox; to, "provide high impact open source code that improves Ethereum security and efficiency."

• ⭐️ Lazarus Group has laundered all 500K Ethereum $ETH from Bybit hack; process took 10 days.

• Unknown victim on Tron scammed for ~$3.1M by Lazarus Group; stolen funds were bridged to Ethereum & laundered via Tornado Cash.

• Revoke[.]cash adds support for Shape.

• Revoke[.]cash adds support for Monad testnet.

• Google releases March 2025 Android security update; fixes 44 vulnerabilities including 2 under active exploitation.

• Mozilla updates Firefox Terms of Use following community criticism; new revisions clarify that Mozilla doesn’t own user data; previous revisions appeared to give Mozilla rights to user data.

Token Unlocks

• Ethena $ENA / ~$718M / MAR 05th
• Kaspa $KAS / ~$12M / MAR 07th
Sourced from Tokenomist

Funding

• Prime Intellect raises $15M in funding led by Founders Fund.

• Acid Labs raises $8M in funding led by A16z Speedrun & NFX.

• FastLane Labs raises $6M in Strategic funding led by Figment Capital & DBA.

• Lantern Finance raises $1M in Pre-Seed funding from OrangeDAO, Andover Ventures, & Supermoon Ventures.

The Degen Farmer