GuShiio.com ADA rose more than 70% in 24 hours, rising to eighth place in market value;Binance will restrict the trading of non-MiCA-compliant stablecoins in the European Economic Area; Crypto analyst Eugene said it is still uncertain whether the market will rebound bullish or bearish, focusing on the direction after March 7.
Today’s top news tips:
Binance will restrict trading of non-MiCA-compliant stablecoins in the European Economic Area
ZachXBT: Ripple still holds 2.7 billion XRPs, or approximately US$7.18 billion
Trump says crypto strategic reserves will include BTC and ETH, SOL, XRP and ADA
Cronos proposes to reissue 70 billion destroyed tokens to “create Cronos strategic reserve”
ADA rose more than 70% in 24 hours, rising to eighth place in market value
Crypto analyst Eugene: It is not yet certain whether the market will recover bullish or bearish, focusing on the direction after March 7
Community users broke the news: Ronaldinho signed a US$10 million cooperation with the Shenzhen coin issuing team to promote Meme coins and pushed down the original US$6 million cooperation
Matrixport: ETF selling pressure seems to have been suspended, and hedge funds may reassess arbitrage opportunities in late March
CZ: STAR10 tokens are limited to the BNB chain only. Although they have been a fan of Ronaldinho since 2005, they have no commercial partnership with them.
Regulation/macro
Binance will restrict trading of non-MiCA-compliant stablecoins in the European Economic Area
Binance announced that in order to comply with the latest EU regulatory requirements on stablecoins, it will adjust the use of non-MiCA (Cryptographic Asset Markets Regulation) compliant stablecoins in the European Economic Area (EEA). These affected assets include USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC and PAXG. MiCA-compliant stablecoin trading pairs (such as USDC and EURI) and fiat trading pairs (such as EUR) will continue to be available and unaffected. Binance recommends that users convert non-MiCA-compliant stablecoins (such as USDT) to USDC, EURI or EUR as soon as possible. Custody functions for non-MiCA-compliant stablecoins will remain, and users can access these assets at any time. The specific adjustment time is as follows: Spot trading: Starting from 07:59 (Beijing time) on April 1, 2025, spot trading pairs of non-MiCA-compliant stablecoins will be completely removed, and users can still sell remaining assets through Binance Convert. Leveraged trading: Starting from 15:00 (Beijing time) on March 27, 2025, non-MiCA-compliant leveraged trading pairs will be completely removed. Binance will automatically convert users ‘relevant assets and liabilities to USDC and cancel all outstanding orders.
David Sacks, the “Crypto Czar”, confirmed that he had sold all his cryptocurrency positions before taking up the U.S. government position
Metaplanet announced that it will increase its holdings of 156 bitcoins
According to an official announcement, Japanese-listed company Metaplanet announced that it will spend 2.021 billion yen (approximately US$1344) to increase its holdings of 156 bitcoins today, raising its bitcoin position to 2391.
Trump says crypto strategic reserves will include Bitcoin and Ethereum
Trump posted on Truth Social: “Clearly, BTC and ETH and other valuable cryptocurrencies will become the core of reserves. I also like Bitcoin and Ethereum.” Earlier, it was reported yesterday that Trump instructed the presidential working group to promote strategic reserves of cryptocurrencies, including XRP, SOL and ADA.
Financing/sale
Decentralized AI agreement Prime Intellect completes US$15 million in financing, led by Founders Fund
According to official sources, decentralized AI agreement Prime Intellect announced that it has completed US$15 million in financing, led by Founders Fund, with Menlo Ventures, Andrej Karpathy (EurekaAI, Tesla, OpenAI), Clem Delangue (Hugging Face), Dylan Patel (SemiAnalysis), Tri Dao (Together.AI), Balaji Srinivasan (Network School), Emad Mostaque (Stability AI, Intelligent Internet), Jake Medwell (8VC co-founder), Brendan McCord (Cosmos Institute), Sandeep Nailwal (Polygon) and others participating. This brought its total financing to more than US$20 million. According to reports, Prime Intellect is building a point-to-point protocol for computing and intelligence that will enable the collective creation, ownership and access of sovereign open source AI. The Prime Intellect protocol, already running on the test web, builds a trustless, community-driven ecosystem in which contributors will benefit from the models they help create.
project dynamics
Gray scale digital market funds are consistent with U.S. crypto strategic reserve assets
Gray pointed out on the X platform that Gray Digital Market Fund (GDLC) is the only publicly traded fund in the United States that only holds the same crypto assets as the U.S. cryptocurrency strategic reserve. As of February 28, positions in grayscale digital market funds include BTC, ETH, XRP, SOL and ADA. Previously, Trump announced that the crypto strategic reserve assets include BTC, ETH, XRP, SOL and ADA.
Cronos proposes to reissue 70 billion destroyed tokens to “create Cronos strategic reserve”
Cronos said on Platform X that a new proposal was released for vote at the Cronos POS Governance Forum today that “aims to restore Cronos’s golden age and will invest huge sums of money to support the Cronos roadmap (including ETFs) and the U.S. ambition to become the global cryptocurrency capital.” To achieve this goal, the Cronos strategic reserve will be built by reversing the February 2021 token destruction of 70 billion CROs. (That is, the total supply has been restored to the original 100 billion CROs). The strategic reserve will be provided with a new five-year lock-up period on top of the five-year lock-up period that has passed since CRO’s initial issuance of Ethereum, bringing the total vesting period to 10 years.
ADA rose more than 70% in 24 hours, rising to eighth place in market value
Markets show that Cardano (ADA) is now trading at US$1.12, a 24-hour increase of 70.3%. In addition, the ADA market value has increased to US$40.2 billion, making it the eighth largest cryptocurrency by market value. Earlier, it was reported yesterday that Trump instructed the presidential working group to promote strategic reserves of cryptocurrencies, including XRP, SOL and ADA.
Wallet associated with the STAR10 team spent only 80 BNBs to purchase 12.24% of the total supply of STAR10 tokens
According to Lookonchain monitoring, the wallet associated with the STAR10 team (@10Ronaldinho) spent only 80 BNB (worth US$50,000) to purchase 122.45 million STAR10 tokens (accounting for 12.24% of the total supply). Address 0x01D9… E14D spent 80 BNBs (worth US$50,000) to purchase 122.45 million STAR10 tokens, and sold 10 million STAR10 tokens for 433 BNBs (worth US$270,000), leaving 121.44 million STAR10 tokens (worth US$33.5 million, or 12.14% of the total supply). Address 0x01D9… E14D to the STAR10 Team Wallet (0x8218… AF37) transferred 0.15 BNB as a handling fee (gas fee). Address 0x01D9… E14D and Developer Wallet (0xb36E… 790d) received funds from Allbridge. Former Brazilian footballer Ronaldinho Gaucho announced the launch of his official token “STAR10” on Platform X this morning.
views
Crypto analyst Eugene: It is not yet certain whether the market will recover bullish or bearish, focusing on the direction after March 7
Crypto analyst Eugene said that he had previously held a large number of long positions before Trump-related news, but most of them have been closed. He believes that when Bitcoin reached $80,000 and Solana reached $130, the bulls dominated, but now the market has become neutral. He predicts that both long and short sides will face a loss risk in the short term, and only cautious traders can make profits. He also said that it is not yet certain whether the market will rebound bullish or adjust bearish, and plans to wait until after March 7 to make a decision based on market trends. Until then, he will keep light positions to control risks. At the same time, he expressed doubts about whether Trump could push Solana, Cardano and Ripple legislation through Congress, but also admitted that Trump has the ability to achieve his goals and the future still needs to be observed. Previously, Tangent co-founder Darryl Wang admitted that Eugene was his own account and denied improper behavior such as increasing shipments and charging announcements.
Community users broke the news: Ronaldinho signed a US$10 million cooperation with the Shenzhen coin issuing team to promote Meme coins and pushed down the original US$6 million cooperation
According to information released by X platform user R10coin on February 28, Ronaldinho was accused of cooperating with a Shenzhen team to issue tokens and allegedly defrauding investors. R10coin said that its team started cooperation negotiations with Ronaldinho in May 2024, signed a cooperation agreement with a total amount of US$6 million in January 2025, and paid a deposit of US$3 million. However, Ronaldinho subsequently signed a cooperation agreement worth US$10 million with another company, collected a US$5 million deposit, and began promoting other tokens for the company, seriously violating the original cooperation agreement. R10coin further alleged that the Shenzhen company frequently issued worthless meme tokens to attract investors ‘funds through false publicity, and then quickly collapsed and ran away with the money, suspected of malicious fraud. R10coin said it would disclose relevant contracts and evidence, and hold Ronaldinho and his partners accountable through legal means. It also reminded investors to be alert to such fraud and avoid financial losses. * Note: Ronaldinho has not yet responded to this disclosure.
Matrixport: ETF selling pressure seems to have been suspended, and hedge funds may reassess arbitrage opportunities in late March
Matrixport analysis pointed out that since the launch of the Bitcoin ETF in January 2024, the scale of capital outflows this month has hit a new high, which may be related to hedge funds closing out basis trading (long ETFs, short futures). This trend is consistent with the US$8 billion decrease in open interest in Bitcoin futures contracts on CME after the Federal Reserve’s December 2024 FOMC meeting, which exceeds 20% of total ETF inflows. In addition, the expiration of February futures contracts may also be a source of selling pressure, but this factor has now been absorbed by the market. Matrixport believes that as the impact fades, hedge funds may reduce ETF selling and reassess arbitrage opportunities in late March. At present, ETF selling pressure seems to have temporarily stopped.
CZ: STAR10 tokens are limited to the BNB chain only. Although they have been a fan of Ronaldinho since 2005, they have no commercial partnership with them.
Binance founder CZ issued a warning that football star Ronaldinho’s STAR10 token is only exclusively issued on BNB Chain. Tokens of the same name on other chains are counterfeit coins. Please be wary of fraud. He pointed out that Meme tokens are extremely volatile, with significant recent trading volume and high investment risks. CZ also stated that although he has been a fan of Ronaldinho since 2005 and expressed gratitude for choosing to issue the STAR10 token on BNB Chain, BNB Chain and its affiliates have no commercial partnership with Ronaldinho, and emphasized that this statement is not an endorsement of the token.
State Street Bank: Expected cryptocurrency ETFs to overtake North American precious metals ETFs by the end of this year
According to the Financial Times, according to forecasts from State Street, the world’s largest ETF service provider, demand for cryptocurrency ETFs has surged, and its total assets are expected to exceed North American precious metals ETFs by the end of this year. The change will make digital token ETFs the third-largest asset class in the US$15 trillion ETF industry, behind stocks and bonds, and ahead of real estate, alternative investments and multi-asset funds. Frank Koudelka, global head of ETF solutions at State Street Bank, said: “We are very surprised at the rate of growth of cryptocurrencies. I expected pent-up demand, but I didn’t expect it to be this strong.” He expects cryptocurrency ETFs to continue to grow rapidly this year, pointing out that data shows that more and more investment advisers are interested in cryptocurrencies and include them in their investment portfolios. Precious metals ETFs have a 20-year first-mover advantage. The world’s first physically supported gold ETF, the US$85 billion SPDR Gold Trust (GLD), was launched in 2004 and remains the largest precious metals ETF. However, State Street expects that North American precious metals ETFs ‘total assets of $165 billion will be surpassed by cryptocurrency ETFs this year. State Street also predicts that the U.S. Securities and Exchange Commission (SEC) will approve more digital asset ETFs this year. In addition to existing Bitcoin and Ethereum ETFs, fund management companies have applied to launch ETFs based on multiple tokens such as SOL, XRP and XRP. State Street expects that by 2025, ETFs based on the top ten tokens by market capitalisation will be approved.
Trump’s second son Eric Trump: Traditional financial industry had better keep up with cryptocurrencies, otherwise it will soon die out
In response to “Trump is advancing the cryptocurrency reserve program,” Trump’s second son Eric Trump wrote on platform X: “I like the cleverness of announcing strategic reserves on Sunday, when traditional markets were closed and Wall Street was dormant. state. This time, retail investors won. The traditional financial industry had better catch up or it will soon die out. The world no longer operates Monday to Friday, 9 to 5.”
Opinion: “Strategic reserves cover altcoins” may be Trump’s typical negotiation strategy
Udi Wertheimer, founder of Taproot Wizards, posted on the X platform: “So far, the best view I have seen about strategic reserves is that this is just a typical Trump negotiation strategy. To truly build reserves, Trump must convince Congress that he cannot decide alone. Whenever Trump needs to persuade other stakeholders, he always makes an absurd proposition first and can retract it later. So, in Trump’s chess language, it just means he’s telling Congress that if I don’t agree to Bitcoin reserves, I’m going to make even more outrageous terms.”
David Sacks: Trump is fulfilling his promise to make the United States the “cryptocurrency capital of the world”
David Sacks, director of AI and cryptocurrencies at the White House and the “Crypto Tsar”, posted on the platform: “President Trump has announced a crypto strategic reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his first week of Executive Order 14178. President Trump is fulfilling his promise to make the United States the ‘cryptocurrency capital of the world’. More content will be announced at the White House Cryptocurrency Summit on March 7.”
GoPlus: STAR10 poses serious security risks and the team can destroy any holder’s tokens at will
According to GoPlus Security, Ronaldinho’s STAR10 token poses serious security risks. GoPlus found that token owners can destroy any holder’s token at will. Since ownership has not been relinquished, all tokens are at risk of being destroyed without warning. GoPlus Security called on the Ronaldinho team to immediately relinquish ownership to protect community safety. At the same time, traders are reminded to remain highly vigilant about the token, and BNB Chain is advised to inform users of relevant risks.
important data
ZachXBT: Ripple still holds 2.7 billion XRPs, or approximately US$7.18 billion
Cryptography detective ZachXBT pointed out that XRP addresses associated with Ripple co-founder Chris Larsen still hold more than 2.7 billion XRPs (approximately US$7.18 billion). Some of these addresses transferred XRP worth more than $109 million to exchanges in January 2025. ZachXBT also listed the addresses and mentioned that some of them had not been traded for 6 to 7 years, possibly because Chris Larsen lost access or funds were transferred to someone else in February 2013. In addition, he mentioned that Chris Larsen was hacked last year and lost as much as $112 million.
The market value of Ronaldinho token STAR10 exceeded US$400 million in a short period of time, rising 54.57% in one hour
According to GMGN market data, the market value of the STAR10 token issued by football star Ronaldinho on BNB Chain briefly exceeded US$400 million and is currently reported at US$369.6 million, an increase of 54.57% in one hour. * Note: This project has a short release time and large fluctuations. Non-investment advice, DYOR. Previously, CZ: STAR10 tokens are limited to the BNB chain. Although he has been a fan of Ronaldinho since 2005, he has no commercial partnership with him.
Grass team charged Bybit eight hours ago with 4.75 million GRASS units worth US$13.01 million
According to monitoring by online analyst@ai_9684xtpa, the Grass team suspected of shipping and recharged 4.75 million GRASS pieces worth US$13.01 million to Bybit eight hours ago. Since this address received 10 million tokens before TGE, the last large transfer to the exchange was two months ago; after checking, there was no token unlocking or activity.
After 2 months of hibernation, 3 million SOL pieces have been deposited into the Binancold wallet from the pledged account
According to OnchainLens monitoring, after two months of hibernation, 3 million SOL pieces (worth US$510.36 million) have been deposited into the Binancold wallet from the pledge account. This wallet most likely belongs to Binan itself.
Amber Group is suspected to have opened 11,000 ETH positions in the upward trend, worth US$27.49 million
According to monitoring by online analyst@ai_9684xtpa, Amber Group is suspected to have opened 11,000 ETH positions in the upward trend, worth US$27.49 million. Affected by Trump’s “call”, ETH rose nearly US$400 overnight to the current price of US$2437;Amber proposed this part of the token seven hours ago and proposed a price of US$2499, but the actual buying point may be lower.
CME Bitcoin futures hit a record gap of more than $10,000
According to Cointelegraph, after U.S. President Trump announced the cryptocurrency strategic reserve, the Chicago Mercantile Exchange (CME) recorded the largest bitcoin futures gap in history. According to TradingView, the news added more than $300 billion in trading volume to the spot market and caused a $10,000 gap in CME Bitcoin futures. The record gap exceeds the previous record of just over $4,000 in August 2024, which Asymmetric founder Joe McCann observed on March 2. Analyst Rekt Capital pointed out: “Bitcoin has filled the CME gap of between $92,800 and $94,000 created last week when the spot market plunged.” He added that Bitcoin successfully filled two CME gaps in one week, but also created a new huge gap in the process, ranging from $84,650 to $94,000.
Bitcoin Spot ETF had a net outflow of US$2.61 billion last week, with BlackRock IBIT leading the list with a net outflow of US$1.17 billion
According to SoValue data, the net outflow of Bitcoin Spot ETF in a single week last week was US$2.61 billion on the trading day (February 24 to February 28, U.S. Eastern Time). The Bitcoin spot ETF with the largest net outflow in a single week last week was Blackrock Bitcoin ETF IBIT, with a weekly net outflow of US$1.17 billion. The current total historical net income of IBIT reaches US$39.7 billion. This was followed by Fidelity’s Bitcoin ETF FBTC, with a weekly net outflow of US$569 million. Currently, the total historical net income of FBTC reaches US$11.76 billion. As of press time, the total net asset value of the Bitcoin Spot ETF was US$95.379 billion, the ETF net asset ratio (market value as a proportion of Bitcoin’s total market value) reached 5.71%, and the historical cumulative net inflow has reached US$36.942 billion.
