A certain whale withdrew 6000 ETH from Kraken after 6 months of silence

March 3rd — In an interview with CNBC, VanEck CEO Jan Van Eck shared his take on crypto: "The crypto market’s rebounding today, but it’s still down over 50% from its peak last October. For Bitcoin, two key facts stand out: total supply is capped at 21 million coins, and it has a halving cycle—miners’ block rewards get cut in half every four years. Bitcoin also follows an investment cycle: three straight years of growth, then a typically sharp drop in the fourth. Since 2026 is that fourth year, we’re in a crypto bear market right now—Bitcoin included. No need to overcomplicate it. From where I’m sitting, we’re bottoming out, which is a really good sign of recovery."

On March 3rd, per Onchain Lens data, ParaFi Capital transferred 42,500 AAVE tokens to Coinbase, with the transaction valued at $5.27 million.

March 3rd — Tom Lee, Chairman of BitMine (the Ethereum Treasury firm), noted: “We recognize that war-related news may rattle investors, but we anticipate the stock market will climb in March, driven by the MAG7, the software sector (IGV), and cryptocurrencies (BTC, ETH). BitMine continues to steadily accumulate ETH on a weekly basis.”

March 3 — CoinDesk reports that PayPay, Japan’s largest SoftBank-backed cashless payment provider, is targeting up to $1.1 billion in a Nasdaq IPO, with an expected valuation topping $10 billion. The firm plans to issue 55 million American Depositary Shares (ADS) at $17 to $20 each, under the ticker symbol PAYP. The offering was set to launch Monday but was delayed amid global market volatility spurred by the weekend’s Middle East conflict. PayPay has over 70 million registered users, dominating Japan’s smartphone payment market. In October 2023, it acquired a 40% stake in Binance Japan and struck a capital and business alliance with the firm, aiming to link digital payments and cryptocurrency — letting users fund purchases and withdraw earnings via PayPay Money. Founded in 2018, PayPay is a joint venture between a SoftBank subsidiary and Yahoo Japan.

March 3 — As Middle East tensions escalated sharply, the U.S. and Israel launched large-scale airstrikes against Iran. Iran confirmed multiple senior officials, including the Supreme Leader, were killed in the attack and retaliated. Following the U.S.-Iran conflict, U.S. stocks opened sharply lower on the first trading day but staged a sharp V-shaped reversal. The S&P 500 and Nasdaq rebounded after initially falling more than 1%. Per Bitget data, U.S. markets closed slightly higher on Monday: the S&P 500 edged up, the Nasdaq rose 0.36%, while the Dow Jones Industrial Average ended down 0.15%. Analysts noted the market has initially absorbed selling pressure from the U.S.-Iran conflict, adding current geopolitical risks remain financially manageable. QCP stated the Middle East conflict has boosted short-term volatility but does not impact the long-term outlook, with some traders positioning for a rebound. Cryptocurrencies also surged. Per HTX market data, Bitcoin briefly topped

March 3, per The Block, Solana ecosystem meme coin launch platform Pump.fun has updated its mobile app to support tokens from rival platforms and other non-native assets. Users can now trade tokens from other Solana-based platforms like Raydium and Meteora, plus assets like WBTC and WETH (bridged via Wormhole) and established tokens like Gigachad and PENGU. Pump.fun noted the update aims to cut trading friction, letting users engage with the Solana chain without leaving the app.