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According to CoinNess market monitoring, BTC has risen above $71,000. BTC is trading at $71,097.04 on the Binance USDT market.

According to CoinNess market monitoring, BTC has risen above $70,000. BTC is trading at $70,039.87 on the Binance USDT market.

European crypto asset manager CoinShares has launched an exchange-traded product (ETP) for BNB that includes staking rewards, the company announced on its official X account. The product, which trades under the ticker CBNB, is listed on the SIX Swiss Exchange and is available for immediate trading. It carries a 0% management fee and provides a 0.25% staking yield.

The crypto and on-chain markets played a key role in enabling price discovery during the Iran crisis over the weekend, according to Bitwise Chief Investment Officer (CIO) Matt Hougan. He noted that just before the incident early Sunday morning, U.S. time, major global stock, futures, and foreign exchange markets were closed. The 24-hour crypto market was the only one where real-time price discovery was possible. Hougan explained that in the past, investors had to wait for U.S. futures markets to open following geopolitical events, but now they can react immediately through crypto infrastructure. He added that around the time of the incident, the decentralized perpetual futures exchange Hyperliquid (HYPE) became a trading hub with volume exceeding $11.5 billion, and demand for tokenized assets also surged. "This Iran crisis will significantly accelerate the shift to on-chain finance," Hougan emphasized.

The current market is likely in the mid-to-late stage of a bear market, based on the activity of whale addresses holding over 10,000 BTC, crypto analyst Murphy (@Murphychen888) said on X. The analyst noted that there are currently 88 such addresses, down from 121 at the 2022 bear market bottom. These large-scale investors have historically followed a pattern of completing their accumulation before a bull market begins and reducing their holdings near the market peak. According to Murphy, these whales accumulated 2.54 million BTC by June 2024 before decreasing their holdings to 2.15 million BTC by last October, a drop of 392,000 BTC. As of March 2, their holdings have risen to 2.26 million BTC, indicating they have re-entered an accumulation phase. The analyst predicted that the next bull market could begin once this accumulation is complete.

James Throne, Chief Market Strategist (CMS) at Canadian investment advisory firm Wellington-Altus, has criticized the banking sector's efforts to block stablecoin rewards in the proposed CLARITY crypto market structure bill, calling it a defensive mechanism to protect vested interests. In a post on X, Throne argued that while JPMorgan CEO Jamie Dimon has spoken of fair competition, a similar debate occurred in the 1970s over whether money market funds (MMFs) should offer rewards. At that time, he noted, politicians chose to support industry innovation and competition over protecting banks, which led to higher returns for ordinary investors and forced the banking sector to change. Throne emphasized that the banks' attempt to block stablecoin rewards is a hidden effort to eliminate innovative rivals, adding that stablecoins are already accepting institutional regulation. He concluded that the banking sector is wary of the spread of stablecoins because it threatens a profit structure built on what he described as a "quiet cartel."

Mentions of an "alt season" on social media are currently at extremely low levels, a phase that has often preceded altcoin rallies in the past, according to crypto on-chain analytics firm Santiment. In a post on X, Santiment explained that a high volume of social media activity related to an "alt season" generally tends to coincide with price peaks. Conversely, when mentions are at their lowest, it is common for large-scale holders to begin driving prices up. However, the firm cautioned that a lack of interest in altcoins does not necessarily lead to a price surge.

According to CoinNess market monitoring, BTC has risen above $69,000. BTC is trading at $69,003.52 on the Binance USDT market.

Binance has announced that it will list MANTRA/USDT perpetual futures at 8:00 a.m. UTC on March 4. The new contract will support up to 50x leverage.

Bitcoin is showing resilience despite geopolitical tensions in the Middle East and macroeconomic uncertainty, and its recent downtrend may be coming to an end, according to a new report from K33 Research. The report notes that BTC is in an oversold state after six consecutive weeks of decline, with its weekly Relative Strength Index (RSI) approaching all-time lows. It also highlighted that spot Bitcoin ETFs recorded their largest inflows in five months last week, confirming institutional buying. Additionally, funding rates in the perpetual futures market turned negative at the end of last month, suggesting a lower probability of further price drops, while on-chain data indicates that selling pressure from long-term investors holding BTC for over six months is easing. K33 Research concluded that there is no compelling reason to sell BTC at its current price levels, suggesting that the present environment of lower volatility and reduced impact from macro shocks could present a favorable opportunity for long-term accumulation.

South Korean lawmakers are reportedly finalizing plans to cap major shareholder stakes in cryptocurrency exchanges at 20% as part of a new digital asset basic act. According to The Herald Business, the ruling Democratic Party's digital asset task force and South Korea's Financial Services Commission (FSC) discussed the proposal yesterday. The plan would allow for exceptions of up to 34% ownership, subject to FSC approval via an enforcement decree. A three-year grace period for compliance after the law takes effect was also agreed upon. However, a differentiated standard would grant smaller exchanges like Coinone and Korbit an additional three-year extension. The Democratic Party's Policy Committee is expected to agree on a bill incorporating these measures following a closed-door meeting with the FSC tomorrow morning.

OKX announced today that it is launching stock perpetual futures, offering leverage from 0.01x to 5x. The initial listings include Nvidia (NVDA), Micron (MU), SanDisk (SNDK), Google (GOOGL), Microsoft (MSFT), Apple (AAPL), Meta (META), QQQ, and SPY. All trades will be settled in USDT.

Patrick Witt, executive director of the White House's crypto advisory committee, has pushed back against comments from JPMorgan CEO Jamie Dimon regarding stablecoin interest payments. Dimon had previously warned that if crypto firms want to pay interest on stablecoins, they must be subject to the same regulations as banks, or the public would pay the price. Witt countered that the core issue is not whether interest is paid, but the act of lending or rehypothecating the dollars held in reserve. He noted that the GENIUS Act explicitly prohibits stablecoin issuers from lending or using reserves as collateral. Given this structure, Witt emphasized that it is difficult to view stablecoins as the same concept as bank deposits.

The KOSPI closed at 5,093.54 today, down 698.37 points (12.06%) from the previous trading day, marking its largest drop on record. The KOSDAQ finished the session at 978.44, a decline of 159.26 points (14%).

Despite approximately $1.4 billion flowing into U.S. spot Bitcoin ETFs over the past five days, the price of BTC has shown little movement. An analysis from Bitfinex suggests this is due to the structure of ETFs, where fund inflows do not immediately translate into spot purchases. According to the report, cited by CoinDesk, Authorized Participants (APs) can handle trades by first short-selling ETF shares and only later purchasing the underlying Bitcoin. This process creates a time lag between the recorded ETF inflow and the actual spot market purchase, which can limit upward pressure on the asset's price.

Binance announced it will list the AVAX/U, LINK/U, LTC/U, PAXG/U, and ZEC/U margin trading pairs at 10:00 a.m. UTC on March 5.

South Korean crypto exchange Bithumb announced that it will list Definitive (EDGE) for trading against the South Korean won at 8:00 a.m. UTC today.

Upbit announced it will list Definitive (EDGE) for trading against KRW, BTC, and USDT at 8:00 a.m. UTC on March 4.

Bitcoin could decouple from U.S. stocks and strengthen its role as 'digital gold' if international oil prices rise above $130 per barrel, according to an analysis by Binance Research. In a post on X, the firm noted that an oil price increase to the $115-$130 range could raise the Consumer Price Index (CPI) by 1.1% to 1.5%, potentially causing the Federal Reserve to delay interest rate cuts until 2027. If oil prices were to surpass $180, the CPI could rise by more than 3%, triggering stagflation—a combination of economic recession and inflation. In this scenario, a sell-off in tech stocks would likely occur, allowing Bitcoin to decouple from the U.S. stock market and be re-evaluated as digital gold, the analysis suggested. Binance Research identified several key variables to watch going forward: - A decrease in ship traffic through the Strait of Hormuz and whether crude oil storage in the Gulf region reaches 85%. - The upcoming U.S. CPI data, scheduled for release on March 11, and subsequent guidance from the Fed. - Whether the 30-day correlation coefficient between BTC and the software sector ETF (IGV) falls below 0.5, along with fund flows into Bitcoin spot ETFs.

U.S. spot ETH ETFs recorded $10.8 million in net outflows on March 3, reverting to outflows after just one day, according to Trader T. - BlackRock ETHA: +$41.9 million - Fidelity FETH: -$66.7 million - Grayscale ETHE: -$4.7 million - Grayscale Mini ETH: +$18.7 million

Coinbase executives, including CEO Brian Armstrong, visited the White House today, Crypto in America host Eleanor Terrett announced on X. It has not been confirmed whether they met with President Donald Trump.

Tether partner Antalpha deposited an additional 3,000 Tether Gold (XAUT), worth $15.39 million, to Bybit approximately two hours ago, according to Onchain Lens. Deposits to exchanges are typically interpreted as an intention to sell.

South Korean crypto exchange Bithumb announced the addition of Centrifuge (CFG) for KRW trading.

South Korea's Financial Supervisory Service (FSS) plans to conduct a special investigation into high-risk areas of the virtual asset market ahead of the introduction of a basic act on digital assets. The move comes as the regulator is also preparing a disclosure system for the issuance and trading support of cryptocurrencies. The investigation will focus on activities that undermine market order, including: - Price manipulation by large-scale investors, or whales. - Schemes that exploit market characteristics, such as pump-and-dump tactics and manipulating prices on exchanges with deposit and withdrawal restrictions. - Price manipulation using API-based market orders. - Unfair trading practices involving the spread of false information on social media.

U.S. spot Bitcoin ETFs saw a net inflow of $225.16 million on March 3, marking the second consecutive day of positive flows, according to data compiled by Trader T. - BlackRock IBIT: +$322.39 million - Fidelity FBTC: -$89.29 million - Valkyrie BRRR: +$11.57 million - WisdomTree BTCW: +$8.68 million - Grayscale GBTC: -$28.19 million