According to monitoring, the whale trader who previously made a profit of $6.83 million by longing BTC and ETH with 50x leverage on the Hyperliquid platform, switched to shorting 20 minutes before the US stock market opened, opening a $13.45 million Bitcoin short position.

According to Lookonchain monitoring, a newly created wallet withdrew 900 BTC from Binance 30 minutes ago, worth 83.81 million US dollars.

According to ai_9684xtpa monitoring, a new address has opened a position of 6 million LAYER, approximately $5.74 million, and has now become the 6th largest address in terms of on-chain holdings.

According to Lookonchain monitoring, a dormant whale wallet deposited 1,250 BTC to Binance 4 hours ago, currently valued at approximately $114.96 million.

The concept stocks of US cryptocurrency collectively soared, with Bit Origin rising by more than 380%, Strategy by more than 15%, CleanSpark and MARA Holdings by more than 11%.

On March 3rd, according to Dune data, the stablecoin USDe experienced its largest single-day redemption in history on March 1st, totaling $2.68 billion, resulting in a decrease of approximately 4.7% in the total circulation of USDe.

Cryptocurrency markets experienced a surge after US President Donald Trump announced the possibility of a strategic crypto reserve, but analysts are warning that the rally may not last long. Trump disclosed on March 2 that his Working Group on Digital Assets had been instructed to include XRP (XRP), Solana (SOL), and Cardano's ADA (ADA) in the US crypto reserve. This announcement led to a marketwide rebound, with the global crypto market cap increasing by almost 7% to $3.04 trillion, and Bitcoin (BTC) surpassing the $95,000 mark following a 7.7% intraday rally. However, analysts caution that the establishment of a US crypto reserve will involve a lengthy approval process, potentially impacting the sustainability of the current market movement. Some analysts believe that the market may be approaching a turning point, with Bitcoin's active addresses reaching a near three-month high on Feb. 28, indicating a possible "capitulation moment." Despite the positive reaction to ADA, SOL, and XRP being included in the US strategic reserve, analysts anticipate short-term volatility in the crypto market. The upcoming White House Crypto Summit hosted by President Trump on March 7 is also generating anticipation among crypto investors, with discussions on stablecoin regulation and legislation related to a potential strategic crypto reserve being key topics.

As reported by Strategy (MSTR.O) in its latest 8-K filing, the company did not sell any Class A common stock or purchase any new bitcoins between February 24 and March 2. As of March 2, 2025, MicroStrategy and its subsidiaries collectively hold 499,096 bitcoins, with a total purchase cost of approximately $33.1 billion and an average purchase price of $66,357. In addition, the company's board of directors announced that a cash dividend of $1.24 per share of 8.00% Series A Perpetual Preferred Stock (STRK) will be distributed on March 31, with a record date of March 15.

Citibank (C) stated in a research report on Monday that the possibility of the United States establishing a strategic reserve of cryptocurrencies seems greater after President Trump announced this news over the weekend. Citibank pointed out that the US government currently holds about $19 billion in cryptocurrencies, mainly Bitcoin, while the amount of gold held is $750 billion. The report stated that the vast majority of assets seized by the government are Bitcoin, which means that the accumulation of other digital assets is likely to be funded by purchases on the open market. However, the bank stated that the "selection criteria are currently unclear," and that announcing such investments in advance could disadvantage investors in terms of price, adding that a similar situation occurred with the British government in the late 1990s regarding gold. The bank stated that further clarification on the selection criteria for which tokens to include in the reserves will provide more support.

Ray Dalio, the founder of Bridgewater Associates, issued a warning to the Trump administration, stating that if they do not commit to reducing the deficit now, they will face a major debt crisis risk within three years. When discussing the risk of currency devaluation, Dalio said that investors should consider "what is the stable alternative currency supply? Bitcoin may be a part of it, maybe a large part of it." Dalio likes Bitcoin as a safe haven because it is different from real estate, it is not restricted, and it is not easily seized or taxed.