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Altcoins Surge as Trump Includes ADA, SOL, and XRP in US Crypto Reserve

Several alternative cryptocurrencies have outperformed the overall market, with Bitcoin experiencing a significant rebound above $90,000 due to positive news on crypto adoption in the United States. Cardano's (ADA) token saw the biggest increase among the top 100 cryptocurrencies, rising over 43% in a 24-hour period to trade above $0.95. Solana (SOL) and XRP also experienced notable gains, with XRP rising over 15% and SOL nearly 12% on the daily chart, surpassing Bitcoin's 7.3% intraday rise. The rally was attributed to US President Donald Trump's directive to include ADA, SOL, and XRP in the US crypto strategic reserve, as well as strong community support for these altcoins. This recovery in the crypto market may indicate the end of the previous market capitulation, as reported by Cointelegraph on Feb. 20. Trump's announcement regarding the inclusion of ADA, SOL, and XRP in the potential US crypto reserve could mark a significant turning point for these altcoins, suggesting a broader plan beyond Bitcoin and emphasizing US-based crypto projects. Trump reiterated his commitment to establishing a national Bitcoin stockpile during his keynote address at the Bitcoin 2024 conference in Nashville, Tennessee.

2025-03-03 21:03:27

Analysis: XRP whales sell off heavily, with the recent daily volume exceeding $120 million

On March 3rd, according to crypto analyst Miles Deutscher's post on X platform, XRP whales are selling tokens at record levels. Since November 2024, when the price rose by over 500%, large holders have been actively selling, indicating a phase of heavy distribution for XRP. Based on the Crypto Quant data in the accompanying image, the 90-day average line for XRP shows that recently, XRP whales have been selling off at volumes as high as $120 million to $180 million in a single day.

2025-03-03 21:03:25

Bitriver Deputy General Manager: Russia may establish cryptocurrency reserves within 1-3 years

As reported by TASS, Oleg Ogienko, deputy general manager of Bitriver, a Russian cryptocurrency mining data center operator and mining equipment importer, said that Russia may establish a cryptocurrency reserve within 1-3 years, provided that corresponding regulatory conditions are already in place domestically. Ogienko pointed out: "First, it is necessary to establish and regulate the security infrastructure for the storage and circulation of digital currencies domestically. These infrastructures have begun to emerge, but are currently in a closed environment." He believes that by establishing such reserves, the Russian financial system can gain additional momentum in modernization through the adoption of cutting-edge technologies, and the formation of cryptocurrency reserves has become a strengthening trend in the global financial markets this year.

2025-03-03 21:03:22

Crypto Analyst: Stablecoin Circulation Key Metric for Blockchain Legitimacy

Crypto security analyst and Paradigm adviser ZachXBT emphasized the importance of assessing the legitimacy of blockchain networks by looking at the circulation of stablecoins from major issuers like Circle, Tether, and Paxos. Following US President Donald Trump's announcement on March 2 about including certain digital assets in the country's strategic crypto reserves, ZachXBT pointed out that the presence of stablecoins from these issuers is a strong indicator of legitimacy. He highlighted that neither Cardano nor the XRP Ledger currently host major stablecoins, suggesting that if there was value to capture, the stablecoin issuers would have integrated their stablecoins into these networks. Additionally, ZachXBT noted that addresses linked to Ripple co-founder Chris Larsen still hold a significant amount of XRP, with the potential for continued selling off of the holdings.

2025-03-03 21:03:20

A whale transferred 37,000 ETH to Binance 40 minutes ago, making a profit of 38.06 million US dollars

According to on-chain data analyst Yu Jin's monitoring, a whale/institutional address that hoarded 40,000 ETH in September 2022 emptied the address 40 minutes ago and transferred 37,000 ETH (86.94 million USD) to Binance.

2025-03-03 21:03:19

Crypto ETPs Experience Record $2.9 Billion Weekly Sell-Off

Cryptocurrency exchange-traded products (ETPs) saw a significant sell-off last week, with outflows hitting a record $2.9 billion, marking the largest weekly decline in history. According to CoinShares, global crypto ETPs have experienced $3.8 billion in outflows over the past three weeks. The sell-off was influenced by various factors such as the $1.5 billion Bybit hack, hawkish comments from the US Federal Reserve, and a 19-week streak of inflows totaling $29 billion. Bitcoin suffered the most outflows, while Sui saw the highest inflows among ETPs last week. ETPs based on XRP also experienced significant inflows. Ethereum ETPs witnessed $300 million in outflows, despite monthly inflows reaching $490.3 million. The total assets under management in crypto ETPs dropped to $138.8 billion after peaking at $173 billion in January. This is an ongoing story, and more updates will be provided as they become available.

2025-03-03 20:03:06

Huobi Leverage has added AB trading today

On March 3rd, according to the official announcement of Huobi HTX, Huobi leverage has added AB assets and trading at 18:00 on March 3rd (UTC+8). The specific newly added isolated margin trading pairs are: AB/USDT (10X). Currently, AB/USDT spot trading has been launched on Huobi HTX.

2025-03-03 20:03:05

IntoTheBlock: Bitcoin may form resistance at $96,000 in the short term

According to IntoTheBlock analysis, the volatility of the cryptocurrency market has returned, and on-chain accumulated data can provide valuable references for identifying potential support and resistance levels. In the short term, about 1.66 million bitcoins are currently in a loss position, and these holders may choose to close their positions when the price rises to the cost price, thus forming a key resistance level around $96,000.

2025-03-03 20:03:03

Canaan Technology: The total amount of Bitcoin held has reached 1,355

NASDAQ-listed company Canaan Technology has released an update on its Bitcoin mining operations for February 2025 and disclosed the unaudited financial settlement for the fourth quarter ending on December 31, 2024. It revealed that the company holds a total of 1355 bitcoins, has achieved a fully operational hash rate of 0.93 EH/s since February this year, and is expected to generate approximately $89 million in total revenue for the fourth quarter of 2024.

2025-03-03 20:03:01

SlowMist: Owners of STAR10 tokens have given up their ownership

According to Slowmist monitoring, the owner of the STAR10 token has abandoned ownership. Earlier reports from GoPlus Security monitoring indicated that there are serious security risks with the STAR10 token released by Ronaldinho, and the owner can destroy tokens held by any holder. The official team recommends that the Ronaldinho team immediately abandon ownership to protect the community.

2025-03-03 19:02:53

AB tokens have been listed on Bitget, with over $3.5 million in airdrops to help expand the global ecosystem

On March 3rd, ABD AO announced that $AB has officially launched on Bitget exchange's innovation zone and Web 3 zone, further expanding global trading channels and promoting the widespread application of AB in the Web 3 field. This launch marks another important milestone for the ABDAO ecosystem, allowing more users to easily trade and hold $AB, further enhancing market liquidity.

2025-03-03 19:02:51

ISHARES Bitcoin Trust rises 9%

Before the US stock market opened, the Bitcoin strategy ETF rose by 8.9%, and ISHARES Bitcoin Trust rose by 9%.

2025-03-03 19:02:48

BTC breaks through $92,000

The market shows BTC breaking through $92,000, now trading at $92,014.09, with a 24-hour increase of 7.1%. The market is fluctuating significantly, so please manage your risks carefully.

2025-03-03 19:02:46

Losses from Web3 security incidents in February are estimated to be approximately $1.681 billion

SlowMist monitoring reported that the total estimated losses from Web3 security incidents in February 2025 reached $1.681 billion. The SlowMist blockchain hacker database has recorded a total of 15 hacking incidents, resulting in approximately $1.676 billion in losses, with $52.45 million frozen or recovered.

2025-03-03 19:02:44

Polymarket predicts that the probability of the United States establishing a national Bitcoin reserve within the year has risen to 62%

The probability of predicting "the establishment of a national Bitcoin reserve in the United States by 2025" on Polymarket has risen to 62%.

2025-03-03 19:02:42

Chain Detective ZachXBT: Neither ADA nor XRP has received any support from major stablecoin issuers

On-chain detective ZachXBT responded to Trump's inclusion of cryptocurrencies such as XRP, SOL, and ADA in the US cryptocurrency strategic reserve on the X platform. He stated that one of the better indicators of the legitimacy of a blockchain is to see how many native stablecoins the chain has issued from Circle, Tether, or Paxos. So far, ADA and XRP have not received any support from major stablecoin issuers. XRPL/Cardano is said to have a thriving ecosystem, similar to projects built on Ethereum and Solana, but with slightly different value propositions from Bitcoin. So, will there be more centralization on the so-called "decentralized" blockchain?

2025-03-03 18:04:27

OKX launches the "March Peak Battle", with a 100,000 USDT prize pool waiting for you to compete

On March 3, according to official sources, OKX announced today the launch of the "March Peak Battle" event, where users can compete for rewards of up to 100,000 USDT by completing trading tasks, subscribing to simple earning coins, and inviting friends. The event will continue until March 23, 2025, at 23:59 (GMT+8).

2025-03-03 18:04:25

2070 BTC transferred from Ceffu to Binance 10 minutes ago, worth about $191 million

According to Whale Alert monitoring, about 2070 bitcoins (worth about $191 million) were transferred from Ceffu to Binance at 16:15.

2025-03-03 18:04:23

Megabit will officially launch HEI/USDT perpetual contract trading at 18:00 today

March 3rd news, according to official sources, Megabit will officially launch the HEI/USDT perpetual contract trading with leverage of 1-75 times at 18:00 on March 3rd (SGT).

2025-03-03 18:04:21

SOL falls below $160

The market shows SOL fell below $160, now trading at $159.93, with a 24-hour increase of 11.8%. The market fluctuates greatly, please be prepared for risk control.

2025-03-03 18:04:20