Trump’s 25% tariffs on Canada and Mexico triggered a $1B liquidation in crypto within 24 hours, with 68% of liquidations hitting long positions. Bitcoin dropped to $81,879 before rebounding to $86,400, while SOL, XRP, and ADA also saw major liquidations. Analysts are watching if BTC can reclaim $90,787 as markets remain volatile.
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Trump’s 25% tariffs on Canada and Mexico triggered a $1B liquidation in crypto within 24 hours, with 68% of liquidations hitting long positions. Bitcoin dropped to $81,879 before rebounding to $86,400, while SOL, XRP, and ADA also saw major liquidations. Analysts are watching if BTC can reclaim $90,787 as markets remain volatile.
Hackers laundered 499,000 ETH ($1.4B) from Bybit, with 77% still traceable, 20% untraceable, and 3% frozen. THORChain processed 72% of illicit funds, earning $5.5M in fees, but refuses to intervene, sparking community backlash. The mass liquidation contributed to ETH’s 13% drop. The case raises concerns over DeFi governance and whether protocols should prevent money laundering or uphold full decentralization.
MegaETH, a high-performance Ethereum Layer 2, will deploy its public testnet on March 6, with user onboarding starting March 10. The testnet supports up to 100,000 TPS, with 1.68 Ggas/sec and 15 ms block times. MegaETH previously raised $20M from Dragonfly Capital, $10M via Echo, and $13M through NFTs.
On March 3, U.S. spot Bitcoin and Ethereum ETFs recorded a total outflow of $86.29M. Bitcoin ETFs lost $74.19M, with IBIT seeing a $77.97M outflow and GBTC $54.39M, while ARKB gained $58.18M. Ethereum ETFs saw $12.1M in outflows, mainly from ETHA ($16.06M), while ETHW had a $4M inflow. This follows a record $2.61B Bitcoin ETF outflow in late February.
STAR10 jumped 150% after Ronaldinho renounced ownership and locked tokens for 255 years, addressing security concerns raised by GoPlus. The launch faced issues with fake tokens and scams, but Ronaldinho acted quickly to secure the project. CZ’s mention of STAR10 boosted visibility, though he clarified he has no affiliation with the coin.
Aave v3 is now live on Sonic, a blockchain spun off from Fantom. This move follows a governance vote and brings fee monetization benefits for Aave. The expansion is backed by $15M from the Sonic Foundation, 50M $S tokens, and $800K in stablecoins.
Cronos is exploring the reissuance of 70 billion CRO tokens burned in 2021, restoring the 100 billion supply. The plan includes a CRO-based ETF and a strategic reserve with a five-year vesting period. While some see this as a strategic move, others criticize it as a step backward after the 2021 burn, which reduced supply to 30B for decentralization.
MetaMask has denied the existence of a MASK token after Coinbase-backed DEX LogX listed it as a speculative pre-market asset. While ConsenSys has long planned a token for MetaMask, no official timeline has been set. The listing follows the SEC dropping its case against MetaMask, marking a legal win for ConsenSys.
The SEC has dropped its lawsuit against Kraken, marking a major reversal in its regulatory approach. Over the past week, it has also dismissed cases against Coinbase, MetaMask, and others. Kraken, accused of operating as an unregistered securities exchange, called this a turning point for U.S. crypto. With most cases withdrawn, Ripple’s XRP lawsuit remains the last major battle.
XRP soared 25% to $3 after Trump's strategic reserve announcement but has since retraced to $2.6, aligning with a descending trendline from January highs. Technical indicators show a cooling rally—RSI dropped from 70 to 48, MACD turned bearish, and price remains below the 50-hour SMA ($2.65) but above key support at the 200-hour SMA ($2.50). The next move depends on $2.50 holding, while a break above $2.65 could reignite a push toward $3 and higher.