KAITO will gradually discontinue YAPS and the Incentivized Leaderboard, and launch KAITO Studio

On March 4th, crypto market analysis firm Santiment took to social media to note that chatter around "Altseason" has cooled off sharply. That said, historical data indicates low market interest in altcoins often precedes a rebound. The firm shared a chart tracking weekly mentions of "Altseason" and their correlation with the price of DOGE—the meme coin acting as a bellwether for speculative assets. Typically, Altseason aligns with FOMO and greed around DOGE, other meme coins, and high-volatility small-to-mid-cap altcoins. Peak "Altseason" chatter often lines up with market tops, while fading interest in the topic typically signals large funds quietly accumulating positions. Santiment added that this isn’t a foolproof trading signal: altcoin market apathy doesn’t guarantee an imminent breakout. Still, the contrarian indicator has a strong historical track record worth noting.

On March 4, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that the address 0x7c7…1F7e6 accumulated $5.59 million worth of WBTC and ETH 10 hours earlier. During last night’s market rebound, the address bought 1,481.67 ETH in a single on-chain transaction (average price: $1,995) and 37.62 WBTC (average price: $67,604). The assets have since been transferred to address 0x0EA…34a54.

On March 4, CFTC Chair Mike Selig reiterated his call for quick passage of the CLARITY Act in a post on X. He noted President Trump’s stance in support of the bill is correct, and establishing a forward-looking digital asset market structure is critical. The CFTC is prepared to implement the legislation during Trump’s term, viewing it as a key pillar in securing U.S. leadership in global innovation. “Now is the time to act.” Selig also disclosed the CFTC will set clearer standards for self-certified prediction market types, and plans to soon release a high-level Advance Notice of Proposed Rulemaking (ANPRM) to lay groundwork for more comprehensive prediction market rules.

March 4th — Bloomberg reports that Applied Digital, a Bitcoin mining hosting and cloud services firm, has secured $2.15 billion in bond financing to construct its Polaris Forge 2 AI data center campus in Harwood, North Dakota. The facility has been leased to Oracle. Applied Digital previously noted the project is expected to generate roughly $5 billion in revenue over the roughly 15-year contract term.

March 4: Per LookOnChain data, the Korean stock market plunged two straight days, triggering a circuit breaker. A crypto address took a 20x long position on the Korean ETF (EWY) at an entry price of $127.03 — peaking with $626,280 in unrealized profit, it now faces a $4,363,590 loss and is approaching its liquidation price of $115.07.

March 4th — Per data from Coinbob Popular Address Monitoring, two highly correlated addresses on Hyperliquid simultaneously liquidated their long positions in xyz:CL (WTI Crude Oil Futures Mapping Contract) last night, with an average exit price of ~$74. Previously, the pair held positions worth over $3.2 million, with an average entry price of ~$70. Using 2-3x leverage, they yielded ~12% returns. These two whale addresses (0x1de and 0xb58) share similar holding patterns and on-chain transfer histories, and had accurately positioned for long trades well ahead of Iran’s announcement banning ships from passing through the Strait of Hormuz—a key crude oil shipping lane.