South Korean Stock Market Experiences Record Drop, While Upbit Platform Sees Significant Increase in Trading Volume

March 3rd: Real-time data shows the Bitcoin network has mined roughly 19,992,468 BTC. It’s only a few days away from the 20 millionth Bitcoin being mined, at which point the circulating supply (out of Bitcoin’s 21 million total) will exceed 95%. Per Bitcoin’s halving schedule, the remaining 1 million BTC will take an additional 114 years to be mined.

On March 3, per Hyperinsight data, the crypto market saw a sharp afternoon drop at 16:00 ET, with Ethereum posting a short-term decline of more than 2%. During this period, the "Buddy" ETH long positions were partially liquidated again. As of press time, its 25x-leveraged ETH long position held just 1,360 ETH remaining, and its liquidation price had fallen to $1,929.

March 3 — Per the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), the "pension-usdt.eth" address (0x0ddf...) kept adding to its Bitcoin long position over the past hour after BTC dipped below $68k. It has now established a 3x leveraged Bitcoin long position with a size of $66.5M, an average entry price of $67,522, and is currently sitting on a floating loss of $1.08M (-4.8%). This makes it the largest on-chain whale holding Bitcoin long positions. The address regularly turns profits from swing trading, using a strategy centered on low leverage, short holding periods (average ~20 hours), and large positions in Bitcoin and Ethereum. Since last October, its cumulative profits have topped $24 million, including $5.2 million in gains over the past seven days.

Nvidia announced on March 3 separate multi-year strategic partnerships with photonics device manufacturers Lumentum and Coherent, committing $2 billion to each—totaling $4 billion in investments. The funds will support joint research and development, manufacturing capacity expansion, and U.S.-based operations for both companies, with Lumentum planning to build a new wafer fabrication facility (fab). The non-exclusive agreements also include multi-billion-dollar procurement commitments and rights to future capacity for advanced laser and optical networking products. Shares of both Lumentum and Coherent surged sharply following the announcement, according to CNBC.

On March 3, data from GMGN indicates a meme coin named after Japanese Prime Minister Sanae Takaichi launched on the Solana ecosystem 6 days earlier. It opened with a market cap of $27.72 million but plummeted amid shrinking trading volume, now standing at $6.6 million. Beyond its post-launch decline, the token has drawn notable controversy over its distribution—with the top 10 addresses holding 42.6% of the total supply. Yesterday, Prime Minister Sanae Takaichi took to X (formerly Twitter) to clarify: “I have no knowledge of this token, and my office has never received any notification about it. We have not approved its creation either.” BlockBeats urges users to exercise caution: celebrity-themed meme coins carry substantial investment risks.

March 3 – Turkish Foreign Minister Mevlüt ?avu?o?lu said Gulf countries have not released a formal statement, but there are claims neighboring nations are retaliating against Iran. “We’ve also heard these claims; this could be true,” he noted. (FX678)