Data: Web3 social application Towns has over 400,000 total users, with over 200,000 token holders

On March 5th, HyperInsight monitoring data shows that at 1:00 AM ET today, Bitcoin (BTC) saw a short-term surge above $74,000, triggering multiple short liquidations for whales on the Hyperliquid platform. Among these, the whale address **0xebe**—which closed a BTC short position yesterday—faced two consecutive large-scale liquidations. In total, 214 BTC of its short positions were liquidated, equivalent to roughly $15.7 million. The largest single liquidation from this address was ~171 BTC ($1.26 million), marking the network’s biggest single liquidation event to date. Additionally, a whale address starting with **0xe42** was liquidated 9 times on BTC shorts over the past 11 hours, totaling ~$9.92 million. Another whale address beginning with **0x1fd** was liquidated for a $2.71 million position. As of now, all three addresses have reopened BTC short positions with high leverage following their liquidations.

March 5 (Wednesday) — White House officials confirmed Wednesday that Kevin Wash will take over from Milan as Federal Reserve director. The White House had previously nominated Wash to the Senate for the position of Fed Chair. Note: After Jerome Powell steps down as Fed Chair in May, he may remain on the Federal Reserve Board. Milan, currently serving as interim director, is considered a "placeholder," but he has also expressed willingness to continue in the role. (Krypton Capital)

March 5 — Broadcom Inc. (AVGO.O) disappointed investors with its second-quarter revenue guidance, signaling its AI computing progress has fallen short of some prior expectations. The chipmaker projects second-quarter revenue (ended May 3) at approximately $22 billion. By contrast, analysts’ average prior forecast stood at $20.5 billion, with some estimates topping $22 billion. Its shares showed little movement in after-hours trading, a muted reaction to the update. As of Wednesday’s close, Broadcom’s stock has declined 8.3% in 2026. The lukewarm response underscores the high barriers AI firms face this year. Investors are growing wary of an AI investment bubble — even last month’s blockbuster earnings from Nvidia triggered a stock drop. (Jinse)

On March 5, The Block reported that crypto infrastructure firm Zerohash has filed an application with the Office of the Comptroller of the Currency (OCC) — joining other digital asset companies pursuing national trust bank charters. Per documents submitted to the OCC, the national trust bank Zerohash plans to launch will offer digital asset-related services, including: custody of digital assets, fiat currency, and other assets; custody staking and validation services; transfer agent services; trade execution; stablecoin management; and settlement, clearing, and custody services. Stephen Gardner, Zerohash’s Chief Legal Officer, has been nominated to serve as CEO of the trust bank.

March 5th — According to The Information, Anthropic CEO Dario Amodei told employees in a memo that the root of the company’s tense relationship with the Trump administration lies in Anthropic’s refusal to curry favor with the current government. He wrote: “The real reason the U.S. Department of Defense and the Trump administration dislike us is that we haven’t donated to Trump (whereas OpenAI co-founder Greg Brockman has given heavily).” He’s likely referencing the $25 million donation Greg Brockman and his wife made to Trump’s super PAC. Amodei also noted: “We haven’t praised Trump in a dictatorial manner (as OpenAI founder Sam Altman has); we support AI regulation, which conflicts with their agenda; we’ve spoken truthfully on various AI policy issues (like job displacement); and we’ve stuck to our principles and acted with integrity, rather than colluding with them to stage ‘security theater’ to appease employees — I assure you, this is exactly the issue the DoD, Palantir (Anth

March 5 (Wall Street News) — Goldman Sachs is bucking the trend amid global market volatility, framing the recent pullback as a buying opportunity rather than the start of a long-term bear market—backed by its bullish call for a four-week recovery in Strait of Hormuz shipping flows. Led by Peter Oppenheimer, the firm’s strategy team said in a Wednesday report that while risk assets face “significant headwinds” from Middle East conflict concerns and AI disruption, resilient economic fundamentals and strong corporate profit growth will limit the pullback’s depth and duration. Goldman’s optimism about global markets hinges largely on expectations for a swift energy supply chain rebound. Chief Oil Strategist Daan Struyven forecasts blocked oil shipments in the Strait of Hormuz will stay at current extremely low levels for the next five days, rebound to 70% of normal volumes within two weeks, and fully normalize at 100% capacity in four weeks.