Analyst: The market is not experiencing panic at the moment, but the stock market may face a larger-scale sell-off during the Asian session

On March 2, Lookonchain monitoring data shows a newly created wallet "zt27jp" withdrew 947.31 million PUMP tokens (valued at roughly $1.86 million) from Bybit over the past two days.

March 2 On-Chain Crypto Brief Per Coinbob Popular Address Monitor, the BTC market whale **pension-usdt.eth** closed long positions consecutively last night after BTC surged past $67,000 in a short-term rally. Following full position exit, total profits hit approximately $460,000. With an average entry price of ~$66,800, this address ranks as the largest on-chain BTC long holder. This morning, the whale attempted to re-enter a BTC long position but exited quickly before the position size reached $7 million. The whale typically uses a low-leverage, short-term (average holding period ~30 hours) heavy-position strategy in BTC and ETH to chase stable swing profits. Since October 2023, cumulative profits have exceeded $24 million. ### Notes on American English adjustments: 1. **Tone**: Casual, concise (fits crypto brief style) – replaced "pursue" with "chase" (more colloquial for trading); "amounted to" with "hit" (action-oriented). 2. **Clarity**: Specified "October 2023" (

On March 2, The Wall Street Journal reported that Iran is ramping up efforts to restart talks with the U.S.

March 2 — PsyopAnime, a meme coin on the Solana ecosystem, hit a $10 million market capitalization this morning (briefly touching $8.85 million), with its current price at $0.0088 (up 35% over the past 24 hours), per GMGN monitoring data [link: https://gmgn.ai/sol/token/i_m4TE56o8_2nP9yKQNSGQy851iyawDvBkzkK2R2aqKArQCKc2gpump]. The meme coin is tied to the X platform account “PsyopAnime” — a creative collective focused on AI-generated anime shorts that typically frame global news and current events. BlockBeats notes that meme coin trading is highly volatile, heavily dependent on market sentiment and hype, lacks tangible value or real-world use cases, and investors should be mindful of the risks.

On March 2, JPMorgan Chase analysts said U.S. cryptocurrency market structure legislation could pass by mid-year, with expectations it will boost the market in the second half of 2024. The proposed **CLARITY Act** aims to establish a digital asset classification framework, labeling tokens as either: - "Digital commodities" (overseen by the Commodity Futures Trading Commission, CFTC), or - "Digital securities" (regulated by the Securities and Exchange Commission, SEC). The House of Representatives has advanced related bills, while the Senate remains in negotiations. Key sticking points include: - Crypto firms want to offer returns or reward mechanisms for stablecoins, but the banking industry worries this could trigger deposit outflows; - Democratic lawmakers are pushing for stricter conflict-of-interest rules covering senior officials and their family members (including the President) regarding holdings and related-party transactions. Highlights of the legislation incl

March 2nd — Data from Coinbob Popular Address Monitor shows the Ethereum (ETH) long position of "Sidekick" investor Huang Licheng was liquidated: 1,212 ETH (valued at ~$2.28 million) was wiped out, resulting in a ~$198,000 loss. The contract account linked to the address now holds just ~$9,289.27. Subsequently, the address opened a new ETH long position using the remaining ~$10,000, with a liquidation price of $1,927. A second liquidation would mark the failure of this ~$250,000 fund rotation "game." Over the past 5 months, the address has made 164 long attempts across various coins (19 on ETH), with a net deposit of ~$15.68 million to Hyperliquid. Almost every incoming transaction has ended in a loss.