Ethereum Hits $2500, 24-hour Gain of 11.84%

On March 3rd, QCP issued its daily analysis stating, "Following a tumultuous week, we have ultimately reverted to the starting point of last Monday." During the weekend, Trump announced the establishment of the U.S. Crypto Strategic Reserve. Some consider that this move has been digested by the market for a long time, while others view it as the sole powerful catalyst to propel cryptocurrencies to a new all-time high later this year. Nevertheless, Trump chose to play this "trump card" early, causing BTC to rebound above $90,000 during the low-liquidity period on Sunday. As risk assets are warming up, are we back in a bullish trend? Not exactly. Currently, BTC is still fluctuating near the low point of a multi-month range. The front-end crypto market volatility remains at a high level. The two major mainstream coins (BTC & ETH) still exhibit a Put Skew. At the same time, the VIX index (Fear Index) remains high, reflecting overall anxiety in the broader risk asset market, especially af

On March 3rd, based on the latest weekly report from CoinShares, digital asset investment products witnessed capital outflows for three consecutive weeks. Last week, there was a total outflow of $2.9 billion, marking the largest single-week outflow in history. The total outflows over the past three weeks reached $3.8 billion. Bitcoin was the most severely affected by the negative market sentiment. Last week, there was an outflow of $2.59 billion. Meanwhile, Bitcoin shorts saw a slight inflow of $2.3 million. Among them, Solana investment products performed the best, attracting $15.5 million in inflows. Next came XRP investment products with $5 million in inflows.

On March 3rd, based on market data, the pre-market trading of US stock cryptocurrency-related stocks witnessed a significant surge. Strategy (MSTR.O) increased by more than 12%, CleanSpark rose by more than 11%, Riot Blockchain (RIOT.O), MARA Holdings, and Coinbase (COIN.O) all saw an increase of more than 10%. (FXStreet)

March 3: As per an official declaration, Binance has made an announcement. In order to adhere to the latest regulatory requirements of the European Union on stablecoins, it will make adjustments to the use of non-MiCA (Markets in Crypto-Assets Regulation) compliant stablecoins within the European Economic Area (EEA). The affected assets encompass USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. Trading pairs of MiCA-compliant stablecoins (such as USDC and EURI) and fiat trading pairs (such as EUR) will remain available and unaffected. Binance advises users to promptly convert their holdings of non-MiCA-compliant stablecoins (such as USDT) into USDC, EURI, or EUR. The custody function for non-MiCA-compliant stablecoins will still be maintained, and users can access these assets at any time. The specific adjustment schedule is as follows: Spot Trading: Commencing from 07:59 on March 31, 2025 (Beijing time), non-MiCA-compliant stablecoin spot trading pairs will be completely del

On March 3rd, top trader Eugene Ng Ah Sio's X account posted a link to a Telegram group, stating that he had switched to sharing information on Telegram and would no longer post on X. BlockBeats reminds users that there is a possibility that Eugene's X account may have been compromised. It is also uncertain whether the original account owner is using X or Telegram to post. Please always be vigilant in safeguarding your assets.

On March 3rd, Binance's founder, CZ, made a post on social media, saying, "I have never had a conversation with any celebrity who has issued tokens on the BNB Chain. I firmly support constructive projects. I have been in communication with many entrepreneurs."