Trump Orders US Bitcoin Reserve

️ On today's Top Picks:

Crypto News

• ⭐️ US President Trump signs executive order to establish Strategic Bitcoin $BTC Reserve; also establishes digital asset stockpile that includes other cryptocurrencies.

• ⭐️ Sam Bankman-Fried appears in interview with Tucker Carlson from prison; pleas for pardon from President Trump.

• World Liberty $WLFI buys $25M of Wrapped Bitcoin $BTC, Ethereum $ETH, & Movement $MOVE.

• Ethereum $ETH developers delay Pectra upgrade on mainnet following buggy launches on Holesky and Sepolia testnets; to create shadow fork of Holesky testnet for further testing.

• ⭐️ Solana $SOL community launches SIMD-228 proposal which replaces Solana’s fixed inflation schedule with an emissions model that adjusts based on staking rate.

• Binance $BNB launches Community Co-Governance Mechanism for Listings; users can vote to list and/or delist projects.

• Base acquires Iron Fish team to develop privacy-preserving primitives across Base; Iron Fish blockchain and $IRON token to remain independent.

• Kraken to seek IPO as soon as Q1 2026; Kraken believes regulatory environment in the US has sufficiently changed to make a public listing viable.

• Gemini confidentially files for an IPO; working with Goldman Sachs & Citigroup to advance the listing.

• US DOJ charges Garantex with money laundering & sanction violations; Tether recognized for assisting US Secret Service in freezing $26M of $USDT on the exchange.

• Japan's Liberal Democratic Party proposes capping crypto tax rate at 20%; currently imposes taxes of up to 55% on crypto gains.

Alpha

• ⭐️ Movement to launch mainnet on March 10th; no details for Movedrop claim on mainnet yet.

• Soneium launches Ecosystem Badges; engage with dApps from March 7th to March 31st, meet eligibility criteria set by each project, & claim by April 15th.

• Initia launches migration for Initia Wallet users; users must migrate by March 18th to keep testnet Jennie & associated data.

• Reddio publishes foundational research paper; to potentially launch mainnet soon.

• Kinto to launch $K trading later this month; raised $3.84M in Community funding in February.

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

Airdrops

• Weekly Airdrop Recap by Earndrop.

• Newton Airdrop Strategy by Earndrop.

• RedStone launches $RED airdrop claim; also launches expanded $RED airdrop claim; Expedition participants with certain Discord roles are eligible.

• Elixir launches $ELX airdrop claim; Apothecary participants & Community contributors are eligible.

• Mint launches $MINT airdrop claim; MintID NFT stakers, Mint Forest users, & more are eligible.

• ICYMI Sign Airdrop Strategy by Earndrop.

Finance News

• ~$1.15 Trillion wiped from the US stock market yesterday on March 6th.

• US President Trump delays 25% tariffs on most goods from Canada & Mexico; exemptions expire on April 2nd.

• China imposes 100% tariffs on select Canadian imports; India agrees to cut tariffs on US imports.

• European Central Bank cuts interest rates as expected; lowers deposit rate to 2.5%.

• ⭐️ Nasdaq to launch 24-hour trading on the Nasdaq Stock Market in H2 2026; pending regulatory approval & alignment with industry infrastructure providers.

• Core Scientific $CORZ drops after Microsoft withdraws CoreWeave agreements; Microsoft cites delivery issues, but remains a key partner.

• BioNexus Gene Lab $BGLC approves Ethereum $ETH treasury; first Nasdaq-listed company to prioritize Ethereum as a strategic asset.

Security and Exploits

• Safe shares preliminary findings on recent Bybit hack; reports attackers compromised a developer's laptop, hijacked AWS tokens, bypassed MFA, and accessed Safe{Wallet} servers.

• 1inch exploited for ~$5M due to vulnerability in resolver contracts; no end users affected.

• Movement launches Attackathon on Immunefi; up to $500K rewards pool; ends April 4th.

• NordVPN patches four high-severity vulnerabilities identified by Cure53; NordVPN commissioned Cure53 for the security audit in mid-2024.

Token Unlocks

• Kaspa $KAS / ~$10M / MAR 07th
• Movement $MOVE / ~$24M / MAR 09th
• Aptos $APT / ~$69M / MAR 12th
Sourced from Tokenomist

Funding

• Validation Cloud raises $15M in Series A funding led by True Global Ventures.

• August raises $10M in Series A funding led by Dragonfly.

• Seismic raises $7M in Seed funding led by a16z Crypto.

• Fortytwo raises $2.3M in Pre-Seed funding led by Big Brain Holdings.

• Tensorplex raises an undisclosed amount in funding from YZi Labs.

The Degen Farmer