Bitwise Donates $233,000 to Bitcoin Open Source Developers
March 5: Bitwise announced it has donated $233,000 to Bitcoin open-source developers, fulfilling part of its annual commitment to supporting the community.
This comes amid significant growth for Bitwise’s Bitcoin Spot ETF (BITB) this year. The donation marks the second annual contribution under the firm’s pledge—made at BITB’s launch—to donate 10% of its gross profits each year.
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Multiple Short Whale Liquidations in a Row, with the Largest Single Liquidation on the Network Reaching a Total of $15.7 Million
On March 5th, HyperInsight monitoring data shows that at 1:00 AM ET today, Bitcoin (BTC) saw a short-term surge above $74,000, triggering multiple short liquidations for whales on the Hyperliquid platform.
Among these, the whale address **0xebe**—which closed a BTC short position yesterday—faced two consecutive large-scale liquidations. In total, 214 BTC of its short positions were liquidated, equivalent to roughly $15.7 million. The largest single liquidation from this address was ~171 BTC ($1.26 million), marking the network’s biggest single liquidation event to date.
Additionally, a whale address starting with **0xe42** was liquidated 9 times on BTC shorts over the past 11 hours, totaling ~$9.92 million. Another whale address beginning with **0x1fd** was liquidated for a $2.71 million position.
As of now, all three addresses have reopened BTC short positions with high leverage following their liquidations.
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Wash to Replace Fed Board Governor Milan's Seat
March 5 (Wednesday) — White House officials confirmed Wednesday that Kevin Wash will take over from Milan as Federal Reserve director. The White House had previously nominated Wash to the Senate for the position of Fed Chair.
Note: After Jerome Powell steps down as Fed Chair in May, he may remain on the Federal Reserve Board. Milan, currently serving as interim director, is considered a "placeholder," but he has also expressed willingness to continue in the role. (Krypton Capital)
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Broadcom Revenue Forecast Disappoints Some Investors, Highlights AI Concerns
March 5 — Broadcom Inc. (AVGO.O) disappointed investors with its second-quarter revenue guidance, signaling its AI computing progress has fallen short of some prior expectations.
The chipmaker projects second-quarter revenue (ended May 3) at approximately $22 billion. By contrast, analysts’ average prior forecast stood at $20.5 billion, with some estimates topping $22 billion. Its shares showed little movement in after-hours trading, a muted reaction to the update.
As of Wednesday’s close, Broadcom’s stock has declined 8.3% in 2026. The lukewarm response underscores the high barriers AI firms face this year. Investors are growing wary of an AI investment bubble — even last month’s blockbuster earnings from Nvidia triggered a stock drop. (Jinse)
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Zerohash Applies to Office of the Comptroller of the Currency for National Trust Bank Charter
On March 5, The Block reported that crypto infrastructure firm Zerohash has filed an application with the Office of the Comptroller of the Currency (OCC) — joining other digital asset companies pursuing national trust bank charters.
Per documents submitted to the OCC, the national trust bank Zerohash plans to launch will offer digital asset-related services, including: custody of digital assets, fiat currency, and other assets; custody staking and validation services; transfer agent services; trade execution; stablecoin management; and settlement, clearing, and custody services.
Stephen Gardner, Zerohash’s Chief Legal Officer, has been nominated to serve as CEO of the trust bank.
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Anthropic CEO: Not Praising or Donating to Trump Root of Strained Relationship With Current US Government
March 5th — According to The Information, Anthropic CEO Dario Amodei told employees in a memo that the root of the company’s tense relationship with the Trump administration lies in Anthropic’s refusal to curry favor with the current government.
He wrote: “The real reason the U.S. Department of Defense and the Trump administration dislike us is that we haven’t donated to Trump (whereas OpenAI co-founder Greg Brockman has given heavily).” He’s likely referencing the $25 million donation Greg Brockman and his wife made to Trump’s super PAC.
Amodei also noted: “We haven’t praised Trump in a dictatorial manner (as OpenAI founder Sam Altman has); we support AI regulation, which conflicts with their agenda; we’ve spoken truthfully on various AI policy issues (like job displacement); and we’ve stuck to our principles and acted with integrity, rather than colluding with them to stage ‘security theater’ to appease employees — I assure you, this is exactly the issue the DoD, Palantir (Anth
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