Coinbase co-founder and CEO Brian Armstrong commented on social media regarding the "Trump is pushing forward the cryptocurrency reserve plan" saying, in terms of strategic reserve asset allocation, Bitcoin may be the best choice, as the successor to gold, Bitcoin has the simplest and clearest narrative. If people want more variety, they can market-weight the crypto assets to maintain fairness. But perhaps choosing only Bitcoin is the simplest.

According to Onchain Lens monitoring, in the past 4 hours, a whale spent 5.7 million USDC and 3000 SOL (534,000 USD) to purchase 366,478 TRUMP tokens at an average price of 17 USD. Currently, the whale holds 777,684 TRUMP tokens, worth 13.25 million USD. Previously, this whale lost 24.5 million USD in TRUMP trading.

According to Coingecko data, after being selected as one of the five major targets of Trump's cryptocurrency war reserve, the market value of Ripple (XRP) has surpassed Tether, becoming the world's third largest cryptocurrency again. This morning, its market value briefly exceeded $170 billion.

Pierre Rochard, Vice President of Riot Platforms, tweeted, "When all countries have large positions in Bitcoin and a small basket of their own domestic cryptocurrencies, the new world reserve currency defaults to Bitcoin. Few people understand this."

According to on-chain analyst The Data Nerd, whale address EwkH5 borrowed 2.654 million USDC from Kamino 4 hours ago, and then exchanged it for 22.76 thousand TRUMP tokens.

Bitcoin fell to around $80,000 in the Asian market on Friday, hitting its lowest level since November 11. Chris Newhouse, research director at Cumberland Labs, pointed out, "Tariff policies further dampened market prospects, while stubbornly high short-term inflation expectations intensified overall caution. The Bybit exchange hack added additional downward pressure on prices and had a negative impact on market sentiment." Cryptocurrencies also face greater pressure from investors' risk aversion, as they have withdrawn Trump-related trades in multiple markets. The S&P 500 index fell this week, with dismal U.S. consumer confidence data raising doubts about economic prospects.

On February 28th, according to Lookonchain monitoring, the drop in ETH price forced a whale to surrender. Two years ago, this whale withdrew 2,334 ETH from Binance at an average price of $1,815 (approximately $4.24 million). 30 minutes ago, the whale deposited 2,375 ETH into Binance (approximately $4.96 million), earning about $660,000. At its peak, this whale's unrealized profit exceeded $5 million.

Uniswap founder Hayden Adams posted on social media saying, "I find it interesting that people on Twitter complain about the ethical price. Isn't a market value of $300 billion high enough? Some people think this is an Ethereum scam." Adams is still bullish and considers Ethereum from a long-term perspective. ETH is not a commemorative coin suitable for quick flipping. There is a lot of work in progress that will generate income for future Ethereum.

Zhao Changpeng, the founder of Binance, posted on social media that market downturns are part of a free market. CZ pointed out that if one feels pressure from market fluctuations, they may consider reducing their investment size (assuming they view cryptocurrency as an investment). He stated that this is not financial advice and mentioned that for him, cryptocurrency represents a shift in worldview, as he left the traditional world 11 years ago.

According to Whale Alert monitoring, about 500,000 SOL coins (worth about $64.426 million) were transferred from Bybit exchange to an unknown wallet at 15:09.

Web3 Foundation under Polkadot announced funding for the on-chain cross-border payment project Satoshipay to support its development of the fiat/crypto gateway service Vortex based on the Polkadot chain. The Web3 Foundation has not disclosed the amount of funding, but Satoshipay revealed that it has raised approximately $850,000, with investors including Blue Star Capital and angel investors such as Alexander Wilke.

According to the official announcement, Upbit will change the minimum price change of the USDT/KRW and USDC/KRW markets.

Japanese government finalized a new law on artificial intelligence (AI) at a cabinet meeting on the 28th. The core content is for the government to investigate the risks of AI in accordance with the law, and to take measures such as providing guidance and advice to relevant companies. The law also stipulates that companies have an obligation to cooperate with national policies. This is the first time Japan has enacted a specific law for AI, aimed at alleviating strong concerns about the misuse of generative AI and promoting the development of enterprises and the use of AI by the public. The law also proposes that if AI leads to damage to the rights of the people, the names of the relevant companies will be made public to strengthen deterrence against human rights violations.

According to monitoring, Mirana Ventures recharged 50 million USDT to Falconx 6 hours ago, and then withdrew 21,667 ETH at an average price of about $2134 4 hours ago, worth about $46.25 million. Currently, this fund has been transferred to the Bybit exchange.

DeFi oracle RedStone Oracles announced that it has been integrated into World Chain. BlockBeats previously reported that on October 18, 2024, Sam Altman-backed Worldcoin officially changed its name to World Network (abbreviated as World), and its Layer2 network World Chain mainnet has been launched, with the blockchain built using OP Stack.

According to Spot On Chain monitoring, a newly created wallet address withdrew 96,128 SOL tokens from Binance at a price of $128.6 each (worth approximately $12.37 million) and staked them all in Jito. It is worth noting that this address is related to another whale address, which sold a batch of SOL tokens at a higher price of $140.8 about 3 days ago. These SOL tokens made a profit of $4.58 million after being staked for one year (yielding 51%).

February 28th news, according to official sources, Megabit will officially launch the GPS/USDT perpetual contract trading with leverage of 1-75 times at 18:00 on February 28th (SGT).

Payment company Stripe's total transaction volume in 2024 will reach $1.4 trillion, the company said in its annual letter released on Thursday, stablecoins are one of the most innovative areas of the "Internet economy."

According to Pai Dun monitoring, the address "0xde56...3a91" was liquidated on-chain 11 minutes ago, with a liquidation scale of 626.63 WETH, worth approximately $1.32 million.

According to CryptoQuant CEO Ki Young Ju's analysis, the trading volume of Bitcoin spot near $100,000 is highly active, and the current market is in a distribution stage, and the price trend depends on whether new liquidity is exhausted.