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The number of wallets holding Bitcoin has reached an all-time high of 58.45 million, according to crypto on-chain analytics firm Santiment. Meanwhile, the amount of Bitcoin held in the wallets of major exchanges has fallen to its lowest level since December 2017. Santiment noted this reflects a growing trend of users moving funds to personal cold storage, driven by increased adoption through buying and holding.

Solana-based decentralized exchange (DEX) Jupiter (JUP) announced the launch of the Jupiter Card, an on-chain payment card built into its mobile app. The card supports USDC payments and can be used at Visa merchants worldwide.

Bitcoin is likely to post a higher rate of price appreciation than gold over the next two to three years, according to a new forecast. Speaking on the New Era Finance podcast, prominent U.S. macroeconomist Lyn Alden said that if she had to bet on one of the two assets, she would choose Bitcoin. Alden stated that Bitcoin has the potential to outperform gold in terms of price gains over the coming two to three years. She explained that market sentiment for gold is somewhat overheated after it reached an all-time high of around $5,608 in January. In contrast, she assessed the market perception of Bitcoin as being unfairly negative.

A lack of interest in altcoins could be a precursor to a market-wide rally, CoinDesk reported. According to Santiment's Social Volume Tracker, weekly social media mentions of "altseason" have fallen to a two-year low. The report highlighted a contrarian view, noting that markets tend to top when everyone is calling for an altseason, while whales often begin accumulating when sentiment is at its lowest. Since a large-scale liquidation event last October, DOGE has fallen around 75% from its cycle high, with SOL down 60% and ADA down 70%. The Fear & Greed Index has remained in fear or extreme fear territory since February, and the Coinbase Premium Index, which reflects U.S. buying pressure for BTC, has been negative for 40 consecutive days, suggesting weakness even in Bitcoin. In contrast, the number of wallets holding more than 100 BTC approached 20,000 at the end of February, indicating accumulation by large-scale investors at lower prices. While a full-fledged altcoin rebound will likely require stabilization in both the geopolitical landscape and Bitcoin's price, the report concluded that the psychological conditions for a rally are now in place.

South Korean crypto exchange Upbit announced that it will temporarily suspend deposits and withdrawals for Cosmos (ATOM) starting at 9:00 a.m. UTC on March 11 to support an upcoming network upgrade.

According to Lookonchain, unidentified whales are accumulating PUMP, with 11 new wallets withdrawing 7.21 billion PUMP ($14.56 million) from OKX, Bybit, and Kraken over the past 10 days.

Bitcoin's rebound has stalled at a resistance zone where the 61.8% Fibonacci retracement level and the 50-day moving average converge, with an analysis identifying $70,000 as a critical support level and $64,000 as the next downside level to watch. According to CoinDesk, a worsening macroeconomic environment—including the war in Iran, soaring oil prices, and a strong U.S. dollar—has cast doubt on the sustainability of the rally. The outlet added that BTC's previous rebound was driven by a short squeeze rather than an influx of new buying pressure.

A wallet associated with the Worldcoin project deposited 6.29 million WLD, worth $2.58 million, to Binance five hours ago, according to ai_9684xtpa. Over the past seven months, the wallet has transferred a total of 16.51 million WLD, valued at $15.29 million, to exchanges. Deposits to exchanges are typically interpreted as a precursor to selling.

City officials in Vancouver, Canada, have recommended that the city council abandon its plan to become a Bitcoin-friendly city, Decrypt reported. A report authored by the city concluded that Bitcoin is not an acceptable investment asset and proposed that the related agenda item be closed. The recommendation is based on the Vancouver Charter, which governs the city's operations and financial investments. The initiative, championed by Mayor Ken Sim, was adopted by the city council over a year ago. It involved exploring the acceptance of cryptocurrency for taxes and fees and investing a portion of the city's financial reserves in Bitcoin. However, the British Columbia provincial government had stated from the outset that local governments are prohibited from holding cryptocurrency, citing local statutes aimed at preventing excessive financial risk.

U.S. spot Ethereum ETFs recorded $22.72 million in net inflows on March 5, marking the second consecutive day of positive flows, according to Trader T. The breakdown is as follows: - BlackRock (ETHA): +$28.89 million - Grayscale Mini ETH: +$7.13 million - Invesco (QETH): +$2.71 million - Grayscale (ETHE): -$3.41 million - Bitwise (ETHW): -$3.58 million - VanEck (ETHV): -$3.81 million - 21Shares (TETH): -$5.21 million

U.S. spot Bitcoin ETFs recorded a total net outflow of approximately $240 million on March 5, marking the first net outflow in four trading days, according to data compiled by Trader T. - BlackRock IBIT -$101 million - Fidelity FBTC -$48.03 million - Bitwise BITB -$46.38 million - Ark Invest ARKB -$22.67 million

The Central Bank of Russia (CBR) has proposed a plan to grant cryptocurrency licenses to banks, Cryptopolitan reported. CBR Governor Elvira Nabiullina said the proposed legislation would allow existing financial institutions, such as banks and brokerage firms, to obtain crypto trading licenses through a simple notification process and offer brokerage services based on their existing licenses. To mitigate volatility risk, however, the proposal would limit a bank's crypto exposure to 1% of its own capital. The deadline for the bill's adoption is July 1.

Cryptocurrency exchange OKX is launching a social network called Orbit within its trading app, CoinDesk reported. The feature will allow users to upload market commentary, broadcast live discussions, and create trading groups. According to the announcement, users can also enhance their credibility by displaying performance metrics such as portfolio returns, profit and loss, and win rates. OKX previously secured an investment from ICE, the parent company of the New York Stock Exchange (NYSE).

Major Bitcoin mining companies are abandoning their strategy of holding BTC and are instead cashing out to reduce risk, Cointelegraph reported. Miners have sold a total of 15,000 BTC since October of last year. Cango sold 4,451 BTC in February, representing 60% of its holdings, while Bitdeer sold its entire BTC position during the same period. Riot Platforms also sold off portions of its holdings on several occasions last December, and Core Scientific has announced plans to sell 2,500 BTC within the first quarter of this year. Additionally, MARA Holdings, the largest publicly traded mining company, recently mentioned the possibility of selling its BTC holdings. This trend marks a stark contrast to previous cycles, where miners typically accumulated their mined BTC in treasury in anticipation of further price increases. The report added that miners are taking measures to reduce financial risk amid increasing margin pressure after the market environment deteriorated sharply following large-scale forced liquidations last October.

South Korean crypto exchanges Bithumb and Coinone have announced the addition of SOLV to their respective delisting watchlists. According to Bithumb, the designation follows the confirmation of a security incident, such as a hack, affecting the asset's wallet or distributed ledger. The exchange noted that the cause of the incident has not been identified or resolved.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $99.11 million liquidated (69.28% longs) - ETH: $58.92 million liquidated (59.52% longs) - SOL: $12.34 million liquidated (69.09% longs)

Justin Sun, founder of Tron (TRX), stated that he still holds all the LIT he previously purchased and remains optimistic about Litentry's long-term prospects. He added that he is currently rebalancing his wallet and plans to re-deposit the tokens into the Litentry Liquidity Pool (LLP) soon. Earlier this year, Sun purchased 13.25 million LIT for $33 million. In a recent AMA, Litentry founder Vladimir Novakovski referred to Sun as a "HODLer."

Three teenagers have been arrested in South Korea on charges of special robbery after allegedly luring a victim with a fake over-the-counter (OTC) crypto deal, assaulting them, and stealing over 30 million won (around $22,500) in cash, MBN News reported. The Gyeonggi Goyang Police are investigating the three suspects. The incident took place on March 2 in Goyang City. The group is believed to have planned the crime in advance and contacted the victim through Telegram.

An address suspected to belong to ParaFi Capital appears to be swapping its AAVE holdings for SKY, EmberCN reported. Three days ago, the address deposited 42,500 AAVE, worth $5.26 million, into Coinbase Prime. Four hours ago, it withdrew 70 million SKY, valued at $5.38 million, from the same platform.

A wallet associated with the Pump.fun (PUMP) team has deposited 1.757 billion PUMP, worth approximately $3.54 million, to the exchange Bitget, Onchain Lens reported. The wallet currently holds 12.3 billion PUMP, valued at $24.77 million. Deposits to exchanges are often interpreted as a precursor to selling.

Bitcoin payments app Strike announced it has obtained a BitLicense and a Money Transmitter License from the New York State Department of Financial Services (NYDFS). The BitLicense is considered one of the strictest regulatory licenses in the U.S. With this approval, Strike can now offer Bitcoin-related products and services to individuals and businesses throughout New York State. The company previously launched a credit service in the U.S. that allows users to borrow cash against their Bitcoin holdings.

The Consumer Dispute Mediation Commission of South Korea's Consumer Agency has initiated a collective dispute mediation process concerning payments for an API integration event held by the crypto exchange Bithumb, Yonhap News reported. The commission will post a public notice about the mediation until March 23 while it begins to draft a settlement proposal. The dispute stems from a promotion Bithumb ran last November for first-time API traders, which offered a full rebate on trading fees and a support payment of 100,000 won (around $75). After the event began, the exchange added a clause excluding one-time trades made solely to receive the benefits and subsequently refused to make the payment to some users.

An Ethereum whale address that had been dormant for 10 years has transferred 100.27 ETH, worth $212,000, to a new address, according to Onchain Lens. The whale originally acquired 401.1 ETH for $125 during the Ethereum ICO, representing an estimated return of 6,687 times the initial investment.

CoinMarketCap's Altcoin Season Index has risen seven points from yesterday to 38. The index compares the price performance of the top 100 coins by market capitalization—excluding stablecoins and wrapped coins—against Bitcoin. A period is considered an altcoin season if 75% of these coins outperform Bitcoin over the past 90 days; otherwise, it is deemed a Bitcoin season. A score closer to 100 indicates a stronger trend toward an altcoin season.

The Korea Exchange has activated the KOSDAQ buy-side sidecar for the second consecutive day.