In the past 24 hours, the total net liquidation across all platforms was $233 million, resulting in a long and short squeeze.

On March 7th, U.S. President Trump declared that following a meeting with Mexican President Seinbaum, he had reached an agreement that Mexico would not be required to pay tariffs on any goods under the USMCA, and this would come into effect until April 2nd. (FXStreet)

On March 7th, as per the official announcement, Coinbase Pro is going to list VVV, COOKIE, and BIO perpetual contracts on its international platform.

On March 6th, as per CNBC, JPMorgan Chase cautioned that Bitcoin would continue to encounter pressure in the short term.

On March 6th, as per the report in The Block, Tim Scott, the chairperson of the U.S. Senate Banking Committee, introduced a bill intended to prohibit regulatory agencies from regulating banks based on "reputational risk." This action is a response to the accusation from the crypto industry that U.S. government agencies have excluded it from the financial system. This Republican senator from South Carolina submitted the bill on Thursday and stated in a press release that the legislation would "restrict the weaponization of federal banking agencies and take away the power of regulatory agencies to utilize 'reputational risk' in the regulatory process." The Fed defines "reputational risk" as: "The risk that emerges from negative public opinion regarding an institution's business practices (whether real or not) and can lead to customer attrition, costly litigation, or revenue loss."

On March 6, US Commerce Secretary Raimondo declared that tariffs would not serve as the funding source for the US sovereign wealth fund. (FX168)

On March 6th, as per an official announcement, Binance is going to list the RED 1-75x U perpetual contract.