CryptoQuant: Growth in Stablecoin Supply May Become Key Driver for Next Cryptocurrency Bull Run

On March 1st, according to on-chain data analyst Elliptic, the Bybit hacker resumed the transfer and laundering of the stolen assets one day after ceasing their activities. As of yesterday when the hacker was "taking a break", their address still held 218,000 ETH (approximately $486 million).

On March 1st, Arthur, the founder of DeFiance Capital, posted on social media that he had participated in an over-the-counter trade for SOL, which is an asset from the bankruptcy of FTX. The trade was conducted at a price of $64 through Galaxy, and he received the unlocked tokens today. He stated that he would not sell any of the tokens and believed that the price of SOL would experience a significant increase in three months. Previously reported by BlockBeats, 11.2 million SOL from the FTX bankruptcy auction will be unlocked on March 1st, with a total value of $2.06 billion.

On March 1st, according to official sources, the text debate themed "Pros and Cons of Anonymous Communities" hosted by Tako Official will commence on March 2nd at 15:00 (Beijing time) on the Tako platform within the specific "Circle" named "The Human Spectator's Guidebook". The affirmative side holds the view that: "The anonymous mechanism reduces social barriers and helps marginalized groups express themselves." The team members include Amanda.eth, Gink5814.eth, Mirror Tang, and EdisonChen NotJayChou.eth. The negative side believes that: "The anonymous mechanism condones human evil and accelerates the spread of false information." The team members include Bfun, hutflow, Qingfeng #btc, and 0xSea.eth.

On March 1st, according to the monitoring of PeckShieldAlert, there were 20 cryptocurrency hacks in February. These hacks led to approximately $15.1 billion in losses, making it the most disastrous month in the history of cryptocurrency. The Bybit incident alone accounted for $14.3 billion in losses and ranked first on the list of the largest breaches in the past 5 years. The top 5 hacker attack incidents are as follows: · Bybit: $14 billion · Infini: $49.5 million · zkLend: $9.66 million · Ionic: $8.6 million · SujiYan: $4 million

On March 1st, according to Trader T's data, the US Bitcoin spot ETF witnessed a net outflow of $3.546 billion in February. This is equivalent to approximately 40,000 BTC, marking the first instance in history where all ETFs experienced a net outflow. BlackRock's IBIT decreased its holdings of BTC by 9,740 BTC and currently holds 573,136 BTC. There was a net outflow of $721 million for this ETF, which is the first monthly net outflow since its listing. Fidelity's FBTC had a net outflow of $1.202 billion, while Grayscale saw a net outflow of $585 million (with GBTC having a net outflow of $404 million and Mini BTC having a net outflow of $181 million). In February, the price of Bitcoin dropped by 18%, falling from $102,400 to $84,300.

On March 1st, Alexandra, the founder of Sci-Hub, announced on the official Sci-Hub Telegram channel that they are about to launch Sci-Net. It is reported that Sci-Net is a new platform on which anyone can upload scientific papers and receive SCIHUB token rewards. Sci-Net will establish a collaborative network to give rewards for knowledge sharing.