Stablecoin Total Market Cap Decreased by 0.62% in the Past Week

March 1st. In the official channel yesterday, on-chain detective ZachXBT made a post indicating that an unidentified victim was allegedly attacked by the Lazarus Group on Tron yesterday, leading to a loss of approximately $3.1 million. The stolen funds were bridged from Tron to the Ethereum mainnet. Then, the ETH was transferred to ten addresses and finally deposited into Tornado Cash. The attacker utilized the same theft address from a previous hack, which was identified in a United Nations report in March 2024 as belonging to the Lazarus Group.

On March 1st, JupiterDAO issued the February Operational Update, stating that February was a month filled with Jupiter's strategic governance decisions and community initiatives. These included: 1. The launch of the 2024 Q4 Active Staking Reward (ASR), during which 50 million JUP and 75 million DBR were distributed to active governance participants. 2. The official launch of the JUP Buyback Program. 3. A record-high total JUP staking amount exceeding 550 million JUP. 4. A community audit verified that the current total JUP supply is 7 billion, with 2.64 billion JUP in circulation. The upcoming key focuses are as follows: 1. The continuous development of Jupnet towards the mainnet launch. 2. The migration from Ape Pro to Trenches starting in March. 3. The completion of the Good Cats review and distribution process. 4. Major updates to be released for Jupiter Mobile soon.

On March 1st, Vitalik Buterin, a co-founder of Ethereum, posted on social media and said, "Ethereum requires a great deal of young energy accompanied by a cypherpunk vision. All the original founders have lost their enthusiasm. Now it is the turn of the next generation."

On March 1st, Binance's founder CZ expressed his support for early-stage innovative projects through angel investments. He said, "I'm trying. I generally have a good sense of people, but it takes time." Understanding an entrepreneur involves observing how they make decisions and execute in various situations such as under pressure, in the face of money temptations, considering user interests, etc. It also depends on their dedication, adaptability, market understanding, worldview, leadership qualities, and more. You can't fully understand someone just through a short chat. At least I don't have that ability. When I invested in Trust Wallet back then, I made the investment after just one meeting. But I had been observing them for some time before that. In fact, this is what YZi Labs is also doing. However, investing requires a significant amount of time and effort. There is no such thing as a magical "sharp eye."

On March 1st, Musk commented on the phenomenon of Meme coins during an interview with Joe Rogan. He said, "People are merely engaged in a game of chicken and musical chairs. The one who sits down last will lose everything. If you think you can 'win' by relying on a Meme coin, that is just foolish. Don't put your life savings into a Meme coin. If you just want to have some fun, you can play with Meme coins casually."

On March 1st, the co-founder of Ethereum, Vitalik Buterin, posted a message saying, "It is absurd to be sentenced to life in prison for non-violent tax crimes." The case against "Bitcoin Jesus" Roger Ver appears to have a strong political motivation. Just like the case of the Silk Road founder Ross Ulbricht, many individuals and companies have been accused of more serious crimes but have received much lighter sentences than Roger. If the IRS is really threatening Roger's lawyers to obtain confidential information, that is a malicious act. The right to confidential legal counsel must be held in the highest regard. Genuine good-faith mistakes should be corrected by providing individuals with the opportunity to pay their taxes (including interest and penalties), rather than through prosecution.