Wash to Replace Fed Board Governor Milan's Seat

On March 5th, The Data Nerd reported that two Bitcoin whales collectively sent 775 BTC (worth approximately $56.3 million) to Binance over the past two hours.

On March 5th, BitMEX co-founder Arthur Hayes said this morning that Bitcoin has not decoupled from U.S. SaaS tech firms—and this latest rebound may be a dead cat bounce. “We’re not out of the woods yet,” he noted. “Stay patient.” A dead cat bounce refers to a brief, sharp price rebound in a financial asset following a significant, prolonged decline. It’s merely an illusion: soon enough, prices resume falling and may hit new lows.

March 5th: According to LookOnChain monitoring, the Bitcoin OG wallet address "1QLASn" — inactive for 8 months — deposited 500 BTC to Binance 2 hours ago, with the assets valued at $36.39 million.

On Wednesday local time (March 5), Amazon, Google, Meta, Microsoft, OpenAI, Oracle and xAI signed a non-binding "User Protection Commitment." The companies pledged to "self-build, procure or purchase" the energy needed to operate their data centers, ensuring related costs are not passed on to ordinary consumers to prevent U.S. residential electricity prices from rising. It remains unclear how the White House will ensure corporate compliance with the commitment. Former President Trump noted public concerns that data center construction could push up electricity prices, but he promised this would not occur. AI data center power demand has already outstripped existing supply in some U.S. regions. By 2028, data center electricity consumption is projected to make up 12% of total U.S. electricity use. According to the U.S. Energy Information Administration (EIA), residential electricity prices are expected to increase by 6% in 2025 and continue rising through 2027 and 2028.

On March 5, Bitcoin mining firm IREN Limited (NASDAQ: IREN) announced it has added 50,000 NVIDIA B300 GPUs, pushing its total GPU count to 150,000. The company now ranks among the world’s largest AI infrastructure providers. Earlier, on February 27, IREN was added to the MSCI USA Index after U.S. markets closed—making it another Bitcoin-focused firm to join a mainstream U.S. stock index. Index inclusion typically signals passive fund inflows and greater visibility with institutional investors.

On March 5, approximately $24 million worth of aEthUSDC was stolen in a supply chain attack. User @sillytuna claims the theft involved violence, weapons, kidnapping, and rape threats. They stated they were beaten, threatened with an axe to their limbs, but ultimately kept all their limbs. BlockBeats Note: @sillytuna’s account of the incident is questionable. Per PeckShield’s monitoring this morning, the attack was actually a supply chain poisoning. The wallet linked to @sillytuna lost roughly $24 million in aEthUSDC. Around 20 million DAI is currently held in two attacker-controlled intermediate wallets and hasn’t been mixed yet. The attacker has begun bridging small amounts of funds to Arbitrum. @sillytuna has now launched a bounty: 10% of any recovered funds will be awarded as a reward.