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🐋🐋A whale linked to Matrixport is holding massive long positions in the crypto market.
Data shows the whale holds around 120,000 Ethereum and 700 Bitcoin, with a combined exposure of nearly $300 million.
The position is currently sitting on about $26 million in unrealized profit, while the ETH trades reportedly use high leverage, increasing the risk of major liquidations if the market turns.
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802
🔥Pi Network surges after Kraken listing
The Pi Network token jumped over 30% in a single day following its listing on the Kraken exchange. The rally is also gaining momentum as the community approaches Pi Day on March 14, an annual event often associated with major project updates and increased attention.
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802
🔴Bitcoin trading activity has slowed as the market moves in a low-volatility range below the $72,400 resistance. With weak trading volume, the risk of rejection is increasing, making the $65,000 level a key support that could be tested next.
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802
☄️JUST IN: BlackRock introduced ETHB, a new Ethereum ETF that combines ETH price exposure with staking rewards, allowing investors to potentially earn yield while tracking Ethereum’s market performance.
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802
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802
🥇Mastercard has launched a new program aimed at connecting crypto blockchain payments with the traditional global banking system.
The initiative includes partnerships with more than 85 companies, among them Circle, Paxos, Ripple, PayPal, Gemini, and Binance.👌
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802
📰NEW ATH: The total stablecoin market cap has reached a fresh all-time high of $312 billion.
This milestone reflects the continued expansion of stablecoins as a key liquidity layer across the crypto market.
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802
💹💹💹Bitcoin liquidity on exchanges hits new low
The amount of Bitcoin available on exchanges continues to decline, reaching a record low. This comes even as the Winklevoss twins moved about $130M in BTC to exchange wallets.
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802
📍Circle’s tokenized money market fund USYC has now surpassed $2 billion in assets under management (AUM).
The milestone highlights the rapidly growing demand for tokenized real-world assets (RWAs) on blockchain.
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802
⚡LATEST: The Ethereum Foundation staked 72,000 ETH in February, according to Vitalik Buterin.
The staking was done using a simplified distributed validator setup, and Vitalik says the long-term goal is to make institutional staking as simple as one click, making it easier for large investors to participate.
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802
📍💹Zcash (ZEC) rises about 10% after the Zcash Open Development Lab secured $25M in seed funding.
The news has boosted market sentiment, with on-chain inflows increasing and technical indicators pointing to a possible breakout.
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802
📍ON-CHAIN MOVE: BitMine Immersion Technologies has transferred 9,600 ETH (around $20M) to Coinbase Prime, according to Arkham data.
Despite the transfer, the company still holds a large Ethereum treasury, signaling continued exposure to ETH.
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802
🧐🔴Dead Blockchains
Many chains once promoted as Ethereum killers raised about $2.6B, but today they generate only around $65K in weekly fees.
Most users simply don’t need another “super-fast” blockchain. Many were mainly created to launch a token and sell it on exchanges.
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802
📍BIG: Michael Saylor just added another 1,360 BTC to his company’s treasury in a single day.
The purchase is estimated to be worth around $90M+, marking one of the largest single-day Bitcoin buys tied to Saylor.
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802
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802
🥳🥳🥳BREAKING:
Over 20 million Bitcoin have now been mined.
Only about 1M BTC remain to be created and mining the last coins will take roughly 114 more years due to Bitcoin’s built-in supply schedule.
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802
💰 BIG BUY: Strategy has expanded its Bitcoin holdings once again, purchasing 17,994 BTC in a new accumulation move worth roughly $1.28 billion, with an average purchase price of about $70,946 per Bitcoin.
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802
🔥 A startup backed by Nvidia plans to take Bitcoin mining beyond Earth. The CEO of Starcloud says their upcoming Starcloud-2 mission is designed to mine BTC directly in space.
According to him, the idea comes as Bitcoin mining on Earth already uses roughly 20GW of electricity, making space-based infrastructure a potential long-term solution.
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