TRUMP unlocked 40 million tokens 5 hours ago, equivalent to around 300 million US dollars

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.

March 3rd: A crypto whale transferred 6,114 ETH (valued at approximately $12.4 million) from OKX and deposited it into Aave V3 two hours ago, per Onchain Lens monitoring.

March 3 — A U.S. federal judge has dismissed the remaining state law claims against Uniswap Labs and founder Hayden Adams, bringing an end to the long-running class-action lawsuit, The Block reported. The suit sought to hold the decentralized exchange (DEX) protocol developer liable for fraudulent tokens traded on its platform. U.S. District Judge Katherine Polk Failla of the Southern District of New York issued a ruling with preclusive effect, dismissing the plaintiffs’ second amended complaint. She ruled the plaintiffs cannot hold the company accountable for misconduct by an unidentified third-party token issuer. Uniswap General Counsel Brian Nistler said the ruling sets an important precedent for the decentralized finance (DeFi) industry, reaffirming developers are not liable for third parties misusing open-source code for illegal activities.

March 3rd (per The Block) — Bitcoin mining firm Core Scientific has released its fourth-quarter performance report, showing a dip in mining revenue as it ramps up focus on high-density data center hosting services. Total Q4 revenue hit $79.8 million, down from $94.9 million in the year-ago period. Notably, its Bitcoin mining business revenue fell to $42.2 million — a sharp drop from $79.9 million in Q4 2024. However, Core Scientific emphasized significant growth in its hosting service revenue: the segment hit $31.3 million, up from $8.5 million in 2024. The expansion was primarily driven by operational growth of the hosting business, where enterprises rent non-self-owned computing infrastructure for deployment.