Trump's Crypto Summit: Pump or Dump?

️ On today's Top Picks:

Crypto News

• ⭐️ US President Trump to host Crypto Summit on March 7th; to potentially reveal crypto reserve details; attendees include Michael Saylor $MSTR, Brian Armstrong $COIN, Brad Garlinghouse $XRP, & many more.

• David Sacks exited crypto positions prior to Sacks becoming White House AI & Crypto Czar; Sacks faced criticism for potential conflict of interest following President Trump's crypto strategic reserve announcement.

• Mt Gox moves ~$1B of Bitcoin $BTC to unmarked address; also transfers ~$15M of BTC to another address.

• ⭐️ Ethereum $ETH launches Pectra upgrade on Sepolia testnet; Sepolia stopped processing transactions for several hours before developers identified & fixed the issue; upgrade on mainnet scheduled for April.

• Bitwise files S-1 registration for Aptos $APT ETF; previously registered entity in Delaware in February.

• Canary Capital files S-1 registration for Axelar $AXL ETF; previously filed paperwork for several other ETFs.

• US White House announces support for CRA to rescind 'Broker DeFi Rule'; CRA was introduced by Senator Ted Cruz & Representative Mike Carey.

• Jump Crypto regroups crypto efforts in the US; scaled back US operations in recent years due to regulatory scrutiny and uncertainty.

• Cumberland DRW & US SEC reach agreement to dismiss securities enforcement case; SEC sued Cumberland in October 2024 for alleged securities law violations.

Alpha

• Soneium drops OG Badges; users with 45+ transactions on Soneium mainnet before February 27th are eligible.

• Caldera teases, "March will be a big month in Caldera's era," on X; to potentially launch TGE & airdrop.

• Noble launches $USDN composable yield stablecoin; also launches points program, earn 1+ points per day per 100 USDN.

• Forge launches Season 4 as Season 3 ends; teases, "Big things are coming to Forge," on X.

• ⭐️ Lens Chain launches proposal to be included on ZKsync $ZK Elastic Network; voting period ends on March 10th.

• Gitcoin to launch Gitcoin Grants 23; to open applications on March 17th; to launch rounds on April 2nd.

Airdrops

• ⭐️ RedStone Oracles launches $RED airdrop eligibility & allocation checker; Expedition participants with certain Discord roles are eligible; to launch airdrop claim on March 6th at 1200 UTC.

• Elixir launches $ELX airdrop eligibility & allocation checker; Apothecary participants & Community contributors are eligible; to launch airdrop claim on March 7th.

• Dolomite launches $DOLO airdrop eligibility & allocation checker; suppliers/borrowers, Minerals holders, & more are eligible; to announce airdrop claim date soon.

• ICYMI Weekly Airdrop Recap by Earndrop.

• ICYMI Sign Airdrop Strategy by Earndrop.

Finance News

• US Commerce Secretary Howard Lutnick suggests deal to roll back tariffs on Canada and Mexico may be in the works; tariffs on Mexico, Canada, & China took effect on Monday.

• BRICS invites Mexico, Colombia, and Uruguay to 2025 Summit; BRICS recently declared it would not stop de-dollarization efforts amid US President Trump's tariffs warning.

• El Salvador President Nayib Bukele to continue buying Bitcoin $BTC; statement follows recent deal with the IMF.

• Metaplanet buys $3350.T buys 497 Bitcoin $BTC for ~$43M at ~$88,938 per BTC; holds 2,888 BTC worth ~$260M.

• US Authorities release seized Bitcoin $BTC mining hardware; US CBP began seizing Bitcoin mining machines at ports of entry in November 2024.

• Ark Invest $ARKW buys $8M of Coinbase $COIN shares; also sells $8.2M of its Bitcoin $BTC ETF $ARKB.

• US Judge denies Elon Musk's request for a preliminary injunction to pause OpenAI's transition to a for-profit model; agrees to a fast-track trial in the fall of this year.

Security and Exploits

• Bybit asks ParaSwap DAO to return $100K of fees generated by Bybit hackers; delegate responses are mixed.

• US Justice Department charges 12 Chinese government-linked hackers; accused of hacking more than 100 American organizations over a decade.

• Silk Typhoon, a Chinese state-sponsored cyber-espionage group, now targeting IT supply chains; follows recent involvement in US Treasury breach.

Token Unlocks

• Kaspa $KAS / ~$12M / MAR 07th
• Movement $MOVE / ~$23M / MAR 09th
Sourced from Tokenomist

Funding

• Foundation Capital raises $600M for Fund 11.

• Flowdesk raises $52M in Extended Series B funding led by HV Capital & BlackRock.

• ⭐️ Across raises $41M in Strategic Token Sale led by Paradigm.

• DoubleZero raises $28M in funding led by Dragonfly & Multicoin Capital.

• Infrared raises $14M in Series A funding led by Framework.

• Acki Nacki raises $6M in funding from several investors.

• iAgent raises $3M in funding from several investors.

• Coral raises $3M in Angel funding from several investors.

• Sati raises $600K in Pre-Seed funding from several investors.

• Combinder raises $500K in Pre-Seed funding from several investors.

• DevFun raises an undisclosed amount in funding from Colosseum.

The Degen Farmer