GuShiio.com Bubblemaps will launch the platform token BMT on March 11; FIFA intends to launch cryptocurrencies; the overall market value of stablecoins increased by approximately US$7.7 billion in February, of which USDS increased by 64%; the number of NFT buyers and sellers has both fallen by more than 90%, and transaction volume increased by 15.27% month-on-month to US$121.5 million.
Today’s top news tips:
1. Next week’s macro outlook: Federal Reserve officials enter a quiet period before the FOMC meeting, and the CPI game is imminent
2. The owner of DOGE prototype Shiba Inu KABOSU announced the launch of Cocoro tokens on the Base chain
3. FIFA intends to launch cryptocurrency
4. Bubblemaps: The platform token BMT will be launched on March 11
5. Trump executive order will require U.S. federal agencies to report Bitcoin holdings directly to the Treasury Department
6.2 The overall market value of stablecoins increased by approximately US$7.7 billion in the month, of which USDS increased by 64%
7. The US Bitcoin Spot ETF market experienced capital outflows for four consecutive weeks
8. The number of NFT buyers and sellers has fallen by more than 90% in the past seven days, and transaction volume has increased by 15.27% month-on-month to US$121.5 million
Regulation/macro
Next week’s macro outlook: Federal Reserve officials enter a quiet period before the FOMC meeting, and the CPI game is imminent
This week’s market can be said to be turbulent. Multiple factors such as repeated U.S. tariff policies, European Central Bank interest rate cuts, German fiscal reform and increased European defense spending, U.S. non-agricultural agriculture, and Powell’s speech intertwined to affect the market. Traders tried to sort out various headlines surrounding economic, tariffs and geopolitics, and the market also swayed. Starting from March 9, North America will implement daylight saving time. The trading hours and economic data release time of financial markets in the United States and Canada will be one hour earlier than the winter time. The following are the key points that the market will focus on in the new week:
At 23:00 on Monday, the United States February New York Fed’s one-year inflation forecast
At 22:00 on Tuesday, January JOLTs job openings in the United States
At 20:30 on Wednesday, the U.S. February unseasonally-adjusted CPI annual rate, the U.S. February unseasonally-adjusted CPI monthly rate, the U.S. February unseasonally-adjusted core CPI annual rate
At 20:30 on Thursday, the US February PPI annual rate/monthly rate
At 22:00 on Friday, the initial value of the US one-year inflation rate forecast in March, and the initial value of the US University of Michigan Consumer Confidence Index in March
The most important economic data for the coming week will be the U.S. February CPI inflation report to be released on Wednesday, inflation expectations to be released on Monday and Friday, and PPI on Thursday. These inflation reports will be the last important piece of data before the Fed’s next meeting on March 18-19.
Trump executive order will require U.S. federal agencies to report Bitcoin holdings directly to the Treasury Department
The White House explained Trump’s executive order that confiscated bitcoins will no longer be sold and will be stored as part of a new strategic bitcoin reserve managed by the U.S. Treasury Department, and other digital assets will enter a separate U.S. digital asset reserve. The goal is to strengthen supervision, improve management and develop a long-term encryption strategy. U.S. federal agencies now must report Bitcoin holdings directly to the Treasury Department.
David Sacks opposes proposed tax on cryptocurrency transactions
In a recent All In Podcast, host Jason Calacanis proposed imposing a 0.01% tax on each cryptocurrency transaction, which is denominated on the assets transferred, purchased or sold. In response, David Sacks, White House director of cryptocurrency and artificial intelligence, clearly opposed the proposal to tax crypto transactions, arguing that such taxes often start at a “moderate” level but are easy to gradually expand to a wider scope. For example, income taxes were initially only targeted at minority groups. Crypto transaction taxes may increase the burden on users.
Texas Bitcoin Reserve Fund will be used to hold cryptocurrencies with a market value of at least $500 billion
The U.S. state of Texas will create a state-managed fund to hold Bitcoin and other cryptocurrencies. The Texas auditor general will oversee the reserve, which will hold cryptocurrencies with a market value of at least $500 billion and be eligible for state budget appropriations. In addition, a Strategic Bitcoin Reserve Advisory Committee has been established to provide guidance on managing the fund and require reports on its holdings to be submitted every two years.
Earlier, the Texas Senate passed SB21, which would allow the state to invest some public funds in digital assets, especially Bitcoin. The bill still requires House approval and governor signature before it becomes law.
project dynamics
Manus’s official X account was unfrozen and reiterated that it has never participated in any cryptocurrency projects, token issuance, etc.
The official account of AI agent company ManusAI has been restored. “We are back. Let me remind you that this is our only official account. We will continue to share cool use cases next, so stay tuned.” ManusAI (ManusAI_HQ) official account pointed out. Ji Yichao, chief scientist and co-founder of Manus, also announced the news immediately and reiterated: “Manus has never participated in any cryptocurrency projects, token issuance, blockchain launches, etc. Any virtual currency with a similar name claims to be related to us is false.”
DeFi agreement Conic Finance announced it will cease operations
Conic Finance, the Curve ecosystem DeFi agreement, announced that it will cease operations. It said: In the past few months, the core team has been developing new versions for Conic. However, despite working with auditors, the team was unable to propose sufficient fixes to several issues in the new version. In the end, this left the team without complete confidence in releasing a new audit version. It was a very frustrating time, during which some core team members also decided to leave. After carefully considering the next steps of the remaining core team, it was decided that it would be best to stop the project. The current Conic deployment is operating normally and has not experienced any security-related issues. The Conic contract will remain open source on Github, including the latest changes to the ChainSecurity review.
The owner of DOGE prototype Shiba Inu KABOSU announces the launch of Cocoro tokens on the Base chain
@kabosumama, owner of DOGE prototype Shiba Inu KABOSU, announced on the X platform that anonymous people had used his pet portrait to issue tokens in the past. This time it was decided to express blessings to Own The Doge’s supporting community and cooperate to launch the Cocoro token, which will be deployed on the Base blockchain.
Own The Doge announces Cocoro token economics: 20% for community airdrops
Own The Doge announced Cocoro Tokenology on X platform:
75% is for LP, permanently locked in but chargeable fees, with DAO and Atsuko each accounting for 50%, and has created a liquidity pool starting at a fully diluted market value (FDV) of approximately $1 million to prevent snipers from grabbing orders;
20% is used for community airdrops, mainly for DOGE and NEIRO holders;
5% is used for DAO reserves.
FIFA intends to launch cryptocurrency
Gianni Infantino, president of the International Federation of Football (FIFA), said the organization may develop its own cryptocurrency tokens. When Infantino attended President Trump’s White House Cryptocurrency Summit on March 7, he expressed FIFA’s interest in creating digital tokens to interact with fans around the world. “FIFA is very interested in developing FIFA tokens, starting here, starting in the United States, to conquer 5 billion football fans around the world.” “If anyone here is interested in working with FIFA, we are here, together with the United States of America, and we will conquer the world of football with FIFA tokens.”
Although lacking specific details or timetables, the statement suggested that FIFA is exploring blockchain technology as a potential way to attract fans and generate revenue. Trump responded: “The value of this token may ultimately exceed FIFA. In fact, it could be a pretty valuable token.” The announcement comes as FIFA prepares for the 2026 World Cup, when the United States, Canada and Mexico will co-host the tournament.
After the summit, a cryptocurrency called “FIFA” soared. The price of the token rose 357,000% in a single day, bringing the market value to approximately US$8.2 million. However, this token has nothing to do with FIFA.
Hackers reached a bounty deal with 1inch and have returned some stolen funds
According to Decurity, after negotiating with hackers, most of the US$5 million in funds stolen by the attack have been returned, and the hackers have retained part of it as a vulnerability bounty.
Previously, 1inch found a vulnerability in the Fusion v1 parser smart contract. Although user funds were not affected, some parsers using this version were attacked. The incident resulted in the loss of approximately 2.4 million USDC and 1276 WETH units, totaling more than US$5 million.
Mysten Labs acquires game development platform Parasol
Sui development company Mysten Labs acquired game development platform Parasol for an undisclosed amount. Parasol is an end-to-end platform made up of Japanese and U.S. game experts that allows game developers to seamlessly integrate blockchain infrastructure into their games.
Jupiter Joint Innovation: Will launch a new token verification system to allow community to participate in verification
Jupiter Meow tweeted that it will launch a new token verification system to allow the community to play a key role in the verification process. The team has been focusing on data-driven algorithmic systems to respond to a large amount of feedback about automated verification. After improvements in recent weeks, the system is now mature and entering the next stage.
Bubblemaps: Will launch platform token BMT on March 11
On-chain data visualization platform Bubblemaps announced that it will launch the platform token BMT on March 11.
Previously, Bubblemaps will launch BMT tokens to support online survey platform Intel Desk.
Arkham adds an encrypted KOL tag for more than 100,000 followers on Twitter/X
On-chain analytics platform Arkham announced that it has added a new encrypted KOL tag to its platform. Twitter/X users with more than 100,000 followers will now be labeled as this key opinion leader of “KOL” to help users track relevant wallets.
views
Bitwise: U.S. crypto strategic reserves may trigger a domino effect, spurring other countries to launch a “BTC arms race”
Matt Hougan, chief investment officer of Bitwise, said in an investment memorandum this week that Trump has changed the rules of the game in the crypto market. The establishment of a crypto strategic reserve by the United States will trigger a domino effect and be regarded as the first shot in a global Bitcoin arms race. Honduras, Mexico or Guatemala are paying attention to the Bitcoin strategies of the United States and El Salvador, and all countries may promote Bitcoin to become an important global monetary asset. It is reported that Galaxy Digital predicts that at least five countries will establish their own Bitcoin strategic reserves in 2025.
important data
The U.S. Bitcoin spot ETF market experienced capital outflows for four consecutive weeks
The U.S. Bitcoin spot ETF market has seen capital outflows for four consecutive weeks. Farside Investors data shows that the largest weekly outflows from ETFs for the week ending March 7 include a net outflow of US$201 million from Fidelity Smart Origins Bitcoin Fund (FBTC), with outflows for six consecutive weeks. ARK21 Shares Bitcoin ETF (ARKB) had a net outflow of $163.5 million. iShares Bitcoin Trust (IBIT) net outflow of $129.6 million. Weak demand disrupted the balance of supply and demand for Bitcoin as institutional investors withdrew, causing Bitcoin to fall 8.76% in the past week.
willjeetonyou.eth sniper bought 14.83 million Cocoros, making a profit of US$1.14 million in one hour
According to monitoring by chain analyst Ash, willjeetonyou.eth used 21 ETH (US$45,000) to buy 14.83 million $Cocoros in 2 minutes after the Cocoro deployer added liquidity, with an average price of US$0.003. He currently also holds 13.88 million Cocoros worth US$1.11 million. Earned $1.14 million in one hour on $Cocoro.
The overall market value of stablecoins increased by approximately US$7.7 billion in February, of which USDS increased by 64%
The overall market value of stablecoin increased by US$7.7 billion in February, highlighting the rising demand for “digital dollars” in the crypto market. The main situations in the stablecoin market in February were:
- USDS market value increased by 64%;
- The market value of PYUSD increased by 49%;
- The market value of USDT reached approximately US$143 billion (an increase of US$2.5 billion in February alone);
- The market value of USDC increased by 7%.
However, the market value of USDe and DAI fell in February.
A certain address bought Cocoro near the highest point and “cut off the meat” and sold it 2 hours ago, with a loss of US$317,000
According to online analyst Ember Monitoring,@CookerFlips bought $Cocoro near its highest point last night and sold it two hours ago, becoming the address that currently has the largest loss on $Cocoro. It spent US$534,000 on 6.4 million $Cocoro last night at an average price of US$0.0836. It sold it at US$0.0338 two hours ago, with a loss of US$317,000 (-59%).
Two giant whales have added 7591 ETH in the past 12 hours
According to monitoring by online analyst@ai_9684xtpa, the two giant whales have added 7,591 ETH in the past 12 hours.
Address redbase.eth bought 6100 ETH units on the chain in the past 12 hours at an average price of US$2200, with a value of US$13.42 million.
Address 0x42a… C42f8 proposed 1491 ETH (US$3.29 million) from Binance 9 hours ago. In the past 5 days, it has accumulated a total of 4505 ETH, with a total value of US$9.78 million and an average price of US$2171; currently, tokens are distributed to three addresses for storage.
The number of NFT buyers and sellers has fallen by more than 90% in the past seven days, and transaction volume has increased by 15.27% month-on-month to US$121.5 million
CryptoSlam data shows that NFT transaction volume this week has grown to US$121.5 million, an increase of 15.27% from the previous week. The number of NFT buyers plunged 94.39% to 25,641; the number of NFT sellers fell 91.84% to 25,717; and the number of NFT transactions increased 5.21% to 1,615,020.
Ethereum network transaction volume increased 50.76% to US$37.6 million, but the number of buyers fell 69.09% to 15,471. Bitcoin online transactions fell 17.21% to $21 million. Solana’s online transaction volume reached US$18 million, an increase of 51.24%, rising to third place. Mythos Chain’s network transaction volume was US$15.2 million, an increase of 2.84%, ranking fourth, while Polygon’s network transaction volume was US$13.5 million, a decrease of 7.98%.
The higher-value transactions this week are:
- CryptoPunks #4464: US$2,196,232 (1011 ETH)
- Uncategorized Ordinals #7d0: US$1,321,676 (14 BTC)
- CryptoPunks #8868: US$646,201 (288.88 ETH)
- CryptoPunks #364: US$342,136 (160 ETH)
- SuperRare #38335:$219,441 (100 ETH)
