20 billion USDT were burned on the Ethereum network 3 hours ago

On March 1st, the Bitcoin Layer 2 ecosystem team Bitlayer declared a strategic partnership with five leading public chains and protocols such as Base, Starknet, Arbitrum, Sonic, and Plume Network. This partnership aims to promote the integrated deployment of the BitVM Bridge and ecosystem protocol integration, offering users a secure and highly scalable multi-chain BTC asset experience. It also unlocks trillions of dollars in liquidity from the Bitcoin ecosystem for the Base, Starknet, Arbitrum, Sonic, and Plume Network ecosystems. The BitVM Bridge is a trust-minimized BTC bridge developed by Bitlayer, which is characterized by high security, support for native assets, and programmability. Currently, the Bitlayer BitVM Bridge has been launched on the testnet, enabling users to test features like Mint, Unmint, and Reclaim. In the future, the Bitlayer BitVM Bridge will expand cooperation with more public chains and DeFi protocols to fully unleash the potential of Bitcoin as a dynamic fi

On March 1st, based on the monitoring of on-chain data analyst @ai_9684xtpa, a spot trader with the ID "Set Ten Big Goals First" went long 1698 BTC at $83,568.65 in the early morning. The position value reached $142 million.

On March 1st, based on HTX market data, SOL experienced a rebound and briefly exceeded $150. It is now trading at $149.66, with a 24-hour gain of 14.28%.

On March 1st, based on Farside Investors' monitoring, at Fidelity, FBTC received a net inflow of $176 million the previous day.

On March 1st, the CryptoQuant analyst @Crazzyblockk pointed out that the cryptocurrency market is having difficulty gaining upward impetus, with weak demand for Bitcoin and major assets. One of the main factors behind this trend is the continuous decline in the reserves of stablecoins on Binance, especially USDT and USDC. Stablecoins are a primary source of liquidity that drives cryptocurrency purchases and market uptrends. According to CryptoQuant's latest data, stablecoin reserves have been decreasing on a weekly basis since the beginning of 2025. Historically, a decrease in reserves has indicated a weakening of purchasing power, limiting the inflow of new funds into the market. The reserves of USDT and USDC on Binance have been steadily declining over the past few months. Lower reserves imply a reduced amount of funds available to buy cryptocurrencies, thereby reducing buying pressure. If stablecoin reserves continue to decline, cryptocurrency liquidity may further tighten, delayi

On March 1st, as monitored by Whale Alert, the USDT Treasury minted an additional 1 billion USDT on the Tron blockchain approximately 5 hours ago. Tether CEO Paolo Ardoino stated that the 1 billion USDT minted this time is a replenishment of inventory. This is an authorized but unissued transaction, indicating that this amount will be utilized for the next issuance request and chain swap inventory.