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Scotiabank, one of Canada's top five banks, has partnered with digital asset manager 3iQ to launch a multi-cryptocurrency ETF, Cointelegraph reported. The Dynamic Active Multi-Crypto ETF (DXMC) is listed on Cboe Canada and offers diversified exposure to assets including BTC, ETH, SOL, and XRP. Its management fee is set at 0.25% until March 1, 2027.

The three major U.S. stock indices closed higher today. - S&P 500: +0.78% - Nasdaq: +1.29% - Dow Jones: +0.49%

The U.S. Federal Reserve has released its Beige Book, a report on economic conditions in its 12 districts. The following is a summary of the findings: - Seven of the 12 districts reported slight to modest growth in economic activity, a decrease from the nine districts that did so in the January survey. - Some districts showed weakness due to economic uncertainty, increased price sensitivity, and reduced spending by low-income households. - Employment remained stable overall. Some businesses have adopted artificial intelligence (AI) and automation technologies to improve efficiency. - Regarding inflation, businesses generally expected the pace of price increases to slow somewhat in the short term.

According to CoinNess market monitoring, BTC has fallen below $73,000. BTC is trading at $72,986.69 on the Binance USDT market.

With Bitcoin surpassing $73,000, the market downturn may be coming to an end, according to Owen Lau, an analyst at New York brokerage Clear Street. Speaking to CoinDesk, Lau cited several positive developments. He noted that U.S. President Donald Trump's recent call to pass the CLARITY Act has increased its chances of becoming law before the end of summer. On the infrastructure front, Lau pointed to Kraken's approval for a Fed Master Account, which grants access to core payment systems, as a sign of progress. Institutional participation is also expanding, he added, highlighting Morgan Stanley's selection of BNY Mellon and Coinbase Custody Trust Company as custodians for its upcoming Morgan Stanley Bitcoin Trust. Lau described this as a move that reinforces Coinbase's role within the institutional crypto ecosystem. He also suggested that heightened geopolitical tensions in the Middle East are showcasing the utility of blockchain networks as an alternative payment solution amid financial market disruption. These combined developments, Lau explained, foreshadow a larger shift across the industry.

President Donald Trump held a private meeting with Coinbase CEO Brian Armstrong just hours before issuing a statement urging the passage of the crypto market structure bill (CLARITY Act), Politico reported. The details of the meeting were not disclosed.

Digital asset trading firm Crossover Markets has raised $31 million in a Series B funding round, Cointelegraph reported. The round was led by Tradeweb, with participation from DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, Illuminate Financial, and XTX Markets. The company was valued at $200 million. The funds will be used to expand CROSSx, Crossover's crypto electronic communication network for institutional trading.

A net outflow of 28,195 BTC from centralized exchanges (CEX) occurred on March 4, Unfolded reported, citing data from CryptoQuant. This represents the largest single-day net outflow since November 2025.

According to CoinNess market monitoring, BTC has risen above $74,000. BTC is trading at $74,013.67 on the Binance USDT market.

Open interest (OI) in Bitcoin derivatives has surpassed $24.7 billion, marking a 30-day high, Unfolded reported.

Pro-cryptocurrency candidates backed by the industry's Super PAC, Fairshake, have secured victories in this year's U.S. congressional primary elections, CoinDesk reported. Jessica Steinmann, a former Department of Justice lawyer endorsed by President Donald Trump, won the Republican primary for Texas's 8th congressional district with approximately 70% of the vote. According to Federal Election Commission (FEC) data, Fairshake provided over $750,000 in support to Steinmann's campaign. Meanwhile, Rep. French Hill, an Arkansas Republican and Chairman of the House Financial Services Committee, won his primary with 77% of the vote after receiving more than $400,000 from Fairshake. In North Carolina, Republican Tim Moore, who has received an 'A' grade for his stance on crypto policy, won with an 83% vote share.

While Bitcoin has reclaimed the key $73,000 level, some analysts suggest the current surge could mirror a pattern seen in January. At that time, a temporary price spike was followed by a sharp decline from $98,000 to $60,000 within two weeks, CoinDesk reported. Analysts warned that the current movement could be a classic bull trap—a short-term breakout that lures in late buyers before reversing into a downturn. Excessive sell-side volume and positioning in the derivatives market are considered potential risk factors. Some forecast that a continued rise into the $72,000 to $76,000 range is more likely to trigger a sell-off than lead to a sustained recovery.

The U.S. banking industry has voiced opposition to the Federal Reserve's approval of a master account for crypto exchange Kraken, according to Eleanor Terrett, host of Crypto in America. The Independent Community Bankers of America (ICBA), which represents small U.S. banks, stated that providing master accounts to non-bank and crypto institutions—a privilege traditionally reserved for strictly regulated, insured depository institutions—could pose risks to the banking system. The Bank Policy Institute (BPI) pointed out that a Federal Reserve Bank made the decision before the Fed's Board of Governors initiated a formal public comment period. The BPI argued this violates the policy of seeking public input on significant changes to the payment system. Previously, Kraken's banking arm, Kraken Financial, had announced it received approval for a master account, which grants access to the Fed's core payment system.

Circle has minted $2 billion worth of USDC over the past two days, Lookonchain reported via X.

A whale associated with crypto financial services firm Matrixport has recorded $22 million in unrealized profit amid the market rally, Lookonchain reported. The whale currently holds a long position of 120,000 ETH, valued at $258 million, with an average entry price of $2,001. Additionally, the whale has a long position of 650 BTC, worth $47.7 million, at an average price of $68,178.

U.S. asset management firm Rockefeller Capital Management announced it has increased its stake in Strategy by 146%. Rockefeller now holds 198,283 shares of Strategy stock, worth approximately $28 million.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Stablecoin payments startup Cyclops has raised an $8 million strategic investment, The Block reported. The round saw participation from Castle Island Ventures, F-Prime, and Shift4 Payments. Cyclops plans to build a platform that enables payment companies to offer stablecoin settlements, cryptocurrency payments, and digital asset features to merchants without needing to build or maintain their own blockchain infrastructure.

According to CoinNess market monitoring, BTC has risen above $73,000. BTC is trading at $73,034.67 on the Binance USDT market.

Major exchanges have seen $112 million worth of futures liquidated in the past hour. In the past 24 hours, $480 million worth of futures have been liquidated.

Japanese financial authorities are considering launching a criminal investigation into a meme coin named 'Sanae Token' after the country's prime minister, DL News reported, citing an internal source at Japan's Financial Services Agency (FSA). The token was issued on the Solana blockchain in late February by NoBorder, a video production team and DAO operated by Japanese businessman and YouTuber Yuji Mizoguchi. According to Dextools data, it has a market capitalization of around $8 million. The NoBorder team reportedly did not have a license to operate a cryptocurrency exchange as of late January and has not submitted an application since. Prime Minister Sanae Takaichi stated on X that she has no knowledge of the token and that the government has not approved the project. She added that she has not received even a single yen in profit from it. The FSA is currently conducting interviews with related companies on a voluntary basis.

Cryptocurrency exchange Backpack has launched an on-chain IPO service, the company announced on its official X account. The service allows users to receive direct allocations of IPO shares through the Backpack platform, with infrastructure provided by asset tokenization firm Superstate. The issued shares represent actual corporate equity and will be managed on the Solana (SOL) blockchain.

Coinbase has called on the UK to withdraw the Bank of England's proposed regulations that would cap stablecoin holdings, The Block reported. Speaking at a hearing of the UK House of Lords' Financial Services Regulation Committee, Tom Duff Gordon, Coinbase's vice president of international policy, argued that London's position as a global financial hub over the next decade hinges on its stablecoin regulatory framework. He warned that a significant gap exists between the UK government's policy goals and the actual draft regulations, which could cause the country to fall behind in the global stablecoin competition without greater clarity and effectiveness. Gordon specifically noted that the proposed corporate holding limit of 10 million pounds is insufficient given the scale of capital markets, potentially preventing stablecoins from reaching a stage of practical use.

The three major U.S. stock indices opened higher today. - S&P 500: +0.42% - Nasdaq: +0.59% - Dow Jones: +0.34%

Former Binance Global Head of Communications Brad Jaffe has joined KAST, a stablecoin-focused investment firm. According to CoinDesk, he will serve as the company's Chief Communications Officer (CCO), overseeing global communications, brand positioning, and engagement with regulators and stakeholders.