Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

March 3rd — On-chain analyst Yu Jin’s data shows “Big Brother Whale” Huang Licheng has relied on a small liquidation buffer + longing strategy since losing $26.5M in the Oct 11 crash: he tops up with 250k USDC whenever his account nears liquidation. He’s down another $16.2M in 4.5 months, though — his playbook feels less rational investing, more like “making it rain”: he compounds ETH long profits, but hodls (holds) positions until liquidation when they go against him. Total losses on the Hyperliquid platform now stand at $27.53M. ### Notes on American English adaptation: 1. **Conciseness**: Used abbreviations (`M` for million, `k` for thousand, `Oct` for October) common in US financial/on-chain news. 2. **Colloquial tone**: Replaced "strategy" with "playbook" (casual, widely used in US crypto circles) and kept "making it rain" (US slang for reckless spending) to match the original critique. 3. **Clarity**: Added `(holds)` next to `hodls` (crypto jargon) for readability with

March 3: OpenAI CEO Sam Altman retweeted an internal memo stating, “We’ve collaborated with the U.S. Department of Defense (DoD) to clarify our principles via updates to our agreement. We’ll add the following clause as a supplement to existing terms: As required by applicable U.S. law—including the Fourth Amendment to the U.S. Constitution, the 1947 National Security Act, and the 1978 Foreign Intelligence Surveillance Act (FISA)—AI systems shall not be intentionally used for domestic surveillance of U.S. citizens or nationals. For clarity, the DoD understands this restriction prohibits intentional tracking, monitoring, or surveillance of U.S. citizens/nationals, including through the acquisition or use of commercially available personal or identifiable information.” Protecting U.S. citizens’ civil liberties is a top priority. Given widespread external interest in this issue, we’re clarifying this point—including regarding commercially obtained information—consistent with our iter

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.