TRON (TRX) — Onchain News & Whale Tracking

KelpDAO Attacker Transfers Part of Stolen Funds: Cross-Chain Swaps to Arbitrum, Converts to USDT, and Flows into the Tron Ecosystem

April 22 — PeckShield monitoring shows the KelpDAO attacker has begun transferring stolen assets: they’ve sent some stolen ETH from the Ethereum mainnet to Arbitrum via Across Protocol, swapped it for USDT, then routed it to the TRON DAO ecosystem via LayerZero. This trajectory indicates the attacker is diversifying and laundering funds through multi-chain bridges and stablecoin conversions; further tracking of the fund flow remains ongoing.

OP Mainnet Goes Live with Enterprise-Grade Privacy Solution Privacy Boost

April 22 — Official sources confirm that Ethereum layer-2 network OP Mainnet has rolled out Privacy Boost, an enterprise-grade privacy solution. Developed by Sunnyside Labs (the core development team behind the Optimism ecosystem), the solution leverages a ZK+TEE hybrid architecture and generates cryptographic proofs in under 500 milliseconds. Privacy Boost is a plug-and-play SDK supporting private computations across any OP Stack chain. Sunnyside Labs, a firm specializing in blockchain infrastructure, has collaborated with OP Labs and other core contributors for over three years to build the OP Stack’s core infrastructure.

This week, both Strategy and Bitmine have reached their highest levels of the year in terms of holdings.

**April 20 Update** Data shows both Strategy and Bitmine have notched their highest annual holdings this week. Last week, Bitmine added 101,627 ETH—its fastest accumulation pace since the week of December 15, 2025. Separately, Strategy dropped ~$2.54 billion last week to scoop up 34,164 BTC at an average price of ~$74,395 per coin. That marks its largest accumulation spree since November 2024. The prior major accumulation came in early August 2025: Strategy invested $2.46 billion between July 28 and August 3, purchasing 21,021 BTC at an average cost of ~$117,256 per coin.

Iran Says Ready to Strongly Counter Enemy Aggression

April 17 – Iran’s Islamic Revolutionary Guard Corps (IRGC) and the Iranian Army said in a statement on Monday that they are prepared to strongly retaliate against any enemy aggression or criminal acts. The statement noted that enemy attempts to invade Iran via land and sea operations and seize Iranian islands in the Persian Gulf have been foiled. “If the enemy dares to take any reckless invasive action against Iran, they will undoubtedly face Iran’s lethal response,” the statement added. “The enemy will gain nothing but self-inflicted disgrace and a humiliating strategic defeat.” (Xinhua)

Meme Coin Rebounds Strongly, ORDI Surges 190% in 24 Hours

April 17 (HTX Market Data) — As mainstream tokens like Bitcoin have recently stabilized, previously oversold altcoins have begun rebounding, including: - ORDI: 24-hour gain +190%, currently trading at $9.8 - SATS: 24-hour gain +58%; 1000SATS trades at $0.00002 - NEIRO: 24-hour gain +48%, now at $0.00012 - AXL: 24-hour gain +45%, currently at $0.068 - TST: 24-hour gain +41.5%, trades at $0.0139 - PNUT: 24-hour gain +41.5%, sits at $0.0739 - DYDX: 24-hour gain +27.8%, currently at $0.131 ### Notes on U.S. language adaptation: 1. **Conciseness**: Replaced repetitive phrasing (e.g., "now trading at" → varied with "trades at/sits at" for flow) 2. **Terminology**: Used "gain" (more intuitive for U.S. crypto readers than "change" when only upswings are listed) 3. **Structure**: Added bullet points (standard for quick listings) and bracketed the data source (common in U.S. financial news) 4. **Clarity**: Separated 1000SATS with a semicolon to avoid confusion with the

TRON's protocol revenue reached $82.69M in Q1 2026, second only to Hyperliquid among all chains. At the same time, TRON's TVL reached $5.115B.

TRON's protocol revenue reached $82.69M in Q1 2026, second only to Hyperliquid among all chains. At the same time, TRON's TVL reached $5.115B.

The "Echo Chamber Effect" of the US-Iran return to negotiations is growing stronger, with the market becoming more optimistic

April 14: Sources report a U.S.-Iran delegation will hold talks in Pakistan later this week. An Investinglive analyst noted this is essentially the same news as Tuesday’s earlier reports: both sides plan to meet in Islamabad on Thursday. But as the “echo chamber effect” amplifies, market participants are being swayed by this optimistic mood and jumping on the trend. Notably, even though the latest updates are just a readjustment of last week’s events, markets are growing more confident of a positive outcome. Meanwhile, the ongoing blockade of the Strait of Hormuz is dragging on. Still, we can’t rule out the chance of a peace deal. Notably, U.S. President Trump is pushing this issue urgently. It seems an agreement will eventually be reached. The only unknown: what’s next for the Strait of Hormuz and how will events unfold there? Right now, market participants are ignoring these questions and going with the flow. (Jinse)

glassnode: Bitcoin Spot and Derivatives Market in Sync, Strong Bullish Sentiment in the Market

Glassnode released its weekly market outlook on April 14th, noting Bitcoin’s price momentum surged 51.7% to top its prior high—reflecting a sharp jump in spot buying pressure and signaling stronger buying support in the market. Meanwhile, Bitcoin futures open interest kept climbing, option Delta skew eased its bearish tilt, and on-chain activity cooled. This suggests the current phase is a consolidation period amid improved market sentiment. From a profitability standpoint, market pressure has eased. Collectively, the indicators point to strong bullish sentiment, higher investor participation, and boosted risk appetite—though signs of cautiousness and a move toward market stability also persist.

HKEX Stocks: Several OpenClaw Concept Stocks Strong Against the Trend, Runsen Technology Surges Over 7%

On April 13, per market data from Bitget, some Hong Kong-related concept stocks outperformed the broader market. Xunce jumped over 7%, Zhipu rose 3.63%, and MINIMAX-W gained 1%. Xunce announced yesterday it has officially signed a strategic cooperation agreement with the Shenzhen Data Exchange. The two sides will collaborate on three key areas: - Jointly expanding data element and artificial intelligence (AI) innovation businesses, advancing enterprise digital transformation and market expansion; - Co-building a data assetization and data asset onboarding service system to promote data assetization and compliance-focused operations; - Developing a physical intelligence data standard system (including high-quality datasets for AI training and inference across scenarios like intelligent robots, autonomous driving, and smart terminals) to boost the physical intelligence data industry.

TVL on #Tron has been growing over the past month and has now reached $26.64B, with a 30-day increase of 15.6%.

TVL on #Tron has been growing over the past month and has now reached $26.64B, with a 30-day increase of 15.6%.

HK Stock Stablecoin Stock Rises Strongly on Positive News, Guotai Junan International Surges Over 40%

**Hong Kong Stablecoin-Related Stocks Surge Ahead of HKMA’s First Stablecoin License Announcement** April 10 — Hong Kong-listed stablecoin-related stocks extended gains in afternoon trading on Wednesday, per market data. Guotai Junan International (01788.HK) surged over 40%, Lion Rock Group (02562.HK) rose more than 17%, Yunfeng Financial Group (00376.HK) gained nearly 12%, while China Everbright Group (00165.HK) and Huaxing Capital Group (01911.HK) each climbed over 8%. Earlier reports confirmed the Hong Kong Monetary Authority (HKMA) will unveil the first batch of stablecoin licenses at 5 p.m. HK time on April 10, followed by a media briefing with licensed stablecoin issuers.

U.S. Official: Will Strongly Insist on Iran Removing Nuclear Material, Halting Uranium Enrichment

Israeli outlet N12 News reported on April 8 that a senior U.S. official said the United States had coordinated with Israel in advance on a temporary ceasefire. The official added the U.S. had explicitly told Israel that during upcoming two-week negotiations, Washington would firmly insist Iran remove nuclear materials, halt uranium enrichment, eliminate ballistic missile threats, and address other related issues.

Citadel: Retail Investors Net Sold U.S. Stocks and Options Last Week, Historical Data Suggests Strong Rally Ahead

April 7 (Reuters) - Citadel Securities reported Wednesday that retail investors net sold U.S. stocks and options last week, breaking a rare multi-year trend of consistent buying. March net outflows fell 55% from February and 70% from January’s peak, the firm added. Options trading leaned toward defensive positions, with demand for downside protection rising. Historically, such retail selling has often foreshadowed a strong short-term rally in the S&P 500, which has averaged a 4.1% gain over two months in these scenarios. The shift follows March’s rising oil prices and market volatility spurred by the Iran conflict, which have left the S&P 500 down 5% year-to-date and Brent crude up 80%.

Trump Slams ABC Reporter and Praises Non-Farm Payrolls Data: Strong Job Performance

April 4: Former President Trump publicly slammed ABC News reporter Jonathan Karl, dismissing him as a "third-rate anchor" and his new book as "pure fiction" that severely distorts the facts. He also noted ABC previously paid him $16 million in damages over false, misleading reporting, labeling the network "the worst and most corrupt" in the industry. Separately, Trump weighed in on March’s U.S. jobs report, citing 178,000 new nonfarm jobs added and a drop in the unemployment rate. Calling the figures "very good data," he noted even government-critical media outlets recognized the strong showing, emphasizing his "Making America Great Again" goal.

CoinGlass: Bitcoin in Range-Bound Action, Strong Support Around $64,900

On April 3rd, CoinGlass noted that Bitcoin (BTC) whale order book data shows the price is confined to a range. Sell orders are concentrated around $67,500 and in the $67,950-$68,050 zone. Buy orders sit in the $65,600-$65,800 range, with strong support near $64,900. The current market isn’t in a trending phase—it’s consolidating. If the upper sell wall is absorbed, the bias tilts bullish; if lower buy orders are pulled or filled, the bias leans bearish. Until then, price remains trading within the range whales have established.

Renaiss Protocol Platform Total Trading Volume Surpasses $7 Million, Beta Launch Enters Fourth Month of Strong Growth

Renaiss Protocol, the collectibles infrastructure project on BNB Chain, has surpassed $7 million in total trading volume as of April 2nd. Since its Beta launch in November 2025, the platform’s trading volume has seen steady growth, a momentum that has persisted to date. Recent data shows the platform’s trading volume accelerated sharply in March, driven by mechanisms like the Infinite Gacha (TCG Infinite Gacha Machine). It added roughly $3 million in monthly volume—crossing $7 million just 10 days after hitting the $6 million mark. Alongside its growth, Renaiss recently completed its latest community reward round, disbursing over $40,000 to 400+ users to recognize their tangible contributions to community growth and ecosystem outreach. This fuels a positive cycle between participation and platform activity. Official disclosures note cumulative community rewards and user feedback initiatives have topped $163,100 since Beta launch, covering USDT, physical cards, card boxes, and pro

Neutron announces NTRN Redemption is now live, deposit window open until April 30th

On April 1, Cosmos ecosystem project Neutron announced the launch of NTRN redemptions, allowing holders to permanently burn their NTRN in exchange for a pro-rata share of the USDC pool. The NTRN deposit window runs from April 1 to April 30, USDC redemption requests open May 1 and close June 30. Foundation-held NTRN (estimated at ~32.4 million tokens) will not participate in redemptions and will be burned. In prior news, Neutron said it will transition to long-term maintenance mode. Its DEX and Supervault will enter withdrawal-only mode no later than April 17. Hadron Labs will take over network maintenance through June 30, 2026, after which manual withdrawal instructions will be released. Governance will shift from a custom system to the standard Cosmos staking model, inflation will be dynamically adjusted, and the validator set will be reduced.

The Fed's Powell Warns of Stablecoin Risk, Emphasizes Need for Stronger Regulation and Reserve Review

On April 1, Federal Reserve Board Member Michael Barr emphasized that stablecoin development must be rooted in strict regulation, warning that without effective constraints, the "long historical problems tied to private money" could repeat. In his speech, Barr noted that while the "GENIUS Stablecoin Act" has set a preliminary regulatory framework for the industry, the critical piece lies in follow-through—including ongoing oversight of reserve assets and safeguards to block illicit use. He stressed stablecoins can only be truly "stable" if they’re redeemable at face value in all market conditions. The liquidity and security of reserve assets are especially vital amid market stress or heightened risks from issuers. Additionally, Barr pointed out stablecoin issuers have an incentive to boost returns for profit, which may push them to take on greater risks in managing reserves—posing a potential threat to financial stability. (Source: The Block)

Tron's TVL is up 11.32% over the past month, leading all chains with 2.62M active addresses (24h) and $1.06M in 24h fees.

Despite the weak market, Tron's TVL has grown 11.32% over the past month, and it leads all chains with 2.62M active addresses (24h) and $1.06M in 24h chain fees.

U.S. Senator Lummis: The CLARITY Act Will Provide the "Strongest" DeFi Developer Protection

On March 28, U.S. Senator Cynthia Lummis stated that the latest revision of the CLARITY Act will safeguard decentralized finance (DeFi) and its developers. She pushed back against concerns from cryptocurrency lawyer Jake Chervinsky that non-custodial DeFi developers could be classified as money transmitters and subject to know-your-customer (KYC) requirements, noting that relevant provisions have been revised in bipartisan negotiations. The bill is expected to advance to the Senate Banking Committee for review in April.

U.S. Senator Lummis Endorses CLARITY Act: Will Provide "Strongest Ever" DeFi Developer Protection

On March 28, U.S. Senator Cynthia Lummis stated the latest revised CLARITY Act would provide "the strongest protection ever" for decentralized finance (DeFi) and its developers, urging swift passage of the bill. Addressing concerns from crypto lawyer Jake Chervinsky, Lummis noted Chervinsky’s belief that the current draft’s definition of "money transmitter" in Chapter 3 could still subject non-custodial software developers to regulatory oversight—undermining the legal protections originally outlined in the Blockchain Regulatory Certainty Act. Lummis emphasized recent bipartisan tweaks to relevant provisions aim to ensure non-custodial developers are not misclassified as financial institutions, thus avoiding mandatory compliance with Know Your Customer (KYC) and other regulatory requirements. Still, industry disagreements persist. Chervinsky pointed out controversy over the stablecoin yield provision has overshadowed the developer protection issue, adding "avoiding mislabeling

Iranian President: Iran Will Continue Its Just and Strong Defense

On March 26, Iran’s Islamic Republic of Broadcasting (IRIB) reported that Iranian President Ebrahim Raisi emphasized during a phone call with Iraqi President Barham Salih that Iran is committed to maintaining a legitimate, robust defense to counter any aggression. Raisi stated Iran has the right to act in self-defense against the United States, which he identified as the source of regional aggression. He also called for vigilance against a U.S.-Israel conspiracy to sow division and unrest among Islamic countries through armed force, terrorist organizations, and the use of neighboring states’ territory to invade Iran. (Source: Xinhua News Agency)

Resolv: Strongly advise against trading or acquiring USR at this time

On March 26, Resolv Labs released a statement clarifying a key point amid ongoing mitigation efforts: We strongly advise against trading or acquiring USR at this time. On-chain data indicates illegally minted USR has been commingled with pre-attack USR across multiple wallets and is actively circulating in the secondary market. The attacker’s illegally minted USR has never had collateral backing and lacks redemption rights. Any transactions made now risk involving illegal tokens and will also complicate the asset recovery process. We’re currently in the early stages of evaluating a recovery plan for affected holders and cannot offer any guarantees—any potential remediation steps will likely be constrained by ongoing transaction activity. We’re collaborating closely with the impacted protocol to develop a solution and will share specific details once finalized.

Trump: If Plan Works, Hormuz Strait Will Reopen Soon

March 23: U.S. President Donald Trump says the Strait of Hormuz will reopen soon if the plan proceeds, and will be jointly controlled by multiple parties. (FX168)

Trump: Had a Strong Dialogue with Iran, Major Consensus Reached

March 23 — U.S. President Donald Trump stated that the U.S. has engaged in productive dialogue with Iran, and the two sides have reached a key consensus. (Xinhua News Agency)

Crypto Market Sees Strong Rebound, $359 Million Liquidated in One Hour

On March 23, Coinglass data shows nearly $359 million in positions were liquidated in a single hour—with $264 million of that tied to short positions.

Current mainstream CEX, DEX funding rate shows overall market in a strong bearish trend

March 20th — Per Coinglass data, Bitcoin posted a slight pullback today, with funding rates across major centralized (CEX) and decentralized (DEX) exchanges signaling an overall bearish market sentiment. Specific funding rates are shown in the attached image. BlockBeats Note: A funding rate is a fee set by crypto exchanges to align perpetual contract prices with the underlying asset’s spot price. It facilitates fund transfers between long and short traders, and the trading platform does not collect this fee. Its purpose is to adjust the cost or profit of position holders, ensuring contract prices remain close to the underlying asset’s value. - A 0.01% funding rate is the benchmark. - Rates above 0.01% indicate generally bullish sentiment. - Rates below 0.005% indicate generally bearish sentiment.

Current mainstream CEX and DEX funding rate displays a market-wide strong bearish bias

As Bitcoin slides rapidly, Coinglass data shows mainstream centralized (CEX) and decentralized (DEX) exchanges’ current funding rates signal an overall bearish market as of March 19. Specific funding rates are available in the attached image. BlockBeats Note: Funding rates are set by crypto exchanges to align perpetual contract prices with underlying asset values. This is a mechanism for fund transfers between long and short traders—exchanges do not collect this fee. It adjusts the cost or revenue for traders holding contracts to keep contract prices close to underlying assets. Key rate context: - 0.01% = baseline - >0.01% = bullish sentiment - <0.005% = bearish sentiment

Trump: Unaware of Israel's Strike on Key Facility, Warns of Strong Response if Qatar Energy Facility is Attacked

On March 19, former U.S. President Donald Trump tweeted that Israel carried out a "violent attack" on a key facility, noting the U.S. was not informed of the specific operation in advance. He also emphasized Israel would not strike the critical South Pars gas field further unless Iran attacked Qatar. Trump added he does not want to authorize large-scale violence and destruction but warned the U.S. would not hesitate to act if Qatar’s liquefied natural gas project is targeted.

Samsung Electronics is considering shifting from a memory chip contract model to a multi-year agreement.

March 18 — Bloomberg reports Samsung Electronics is weighing a shift to multi-year memory chip contract agreements, a move far longer than its current practices to stabilize supply and ease concerns over key component shortages. Samsung Electronics Co-CEO Jun Young-hyun told the company’s annual shareholders meeting the tech giant is considering extending existing quarterly or annual contracts to as long as three to five years. He noted the adjustment is significant, as demand for AI memory chips is expected to surge through 2026.

After GTC, NVIDIA Partially Gives Back Gains, Storage Sector Sees Strong Performance with SanDisk Leading the Way, On-Chain Whale

The Cosmos ecosystem project Neutron will transition to long-term maintenance mode, and the DEX and Supervault will enter withdraw-only mode.

March 17 — Official sources confirm that Neutron, a Cosmos ecosystem project, has announced it will shift to long-term maintenance mode. The project’s DEX and Supervault will suspend operations no later than April 17 and enter withdrawal-only mode. dNTRN holders can redeem their tokens for NTRN starting March 23 via the Drop website or Neutron app. wstETH holders must bridge back to Ethereum by June 30. Details of the redemption mechanism for NTRN holders will be announced separately. Hadron Labs will handle network maintenance through June 30, 2026; after that, a manual withdrawal guide will be published. Governance will transition from a custom system to the standard Cosmos staking model, inflation will be dynamically adjusted, and the validator set will be reduced.

Burniske: Bitcoin Retail Holders Panicked in Recent Months, but Hodlers Stayed Strong

On March 16, research and brokerage firm Bernstein said in a report that 60% of Bitcoin’s total supply is held by entities that haven’t moved their holdings in over a year. This ownership structure is unique to Bitcoin, signaling a cohort of long-term “hodlers” who are unfazed by Bitcoin’s price volatility and view it as a “store of value” tool. This dynamic comes amid Bitcoin’s significant underperformance relative to gold last year. Nearly 14% of Bitcoin is held by ETFs, digital asset treasuries (including corporate treasuries), and governments. Bitcoin’s resilient capital base is growing.

Tron ranks #1 in revenue, with $947K, $5.42M, and $24.96M in the past 24h, 7d, and 30d—far ahead of other blockchains.

Tron ranked #1 in revenue, far ahead of other blockchains. In the past 24 hours, 7 days, and 30 days, its revenue reached $947K, $5.42M, and $24.96M.

The TRON community has initiated a v4.8.1 new feature discussion proposal to further enhance network compatibility

March 13 — The TRON community has officially launched a discussion on a proposal to activate the v4.8.1 update, which adjusts the execution behavior and cost of the SELFDESTRUCT instruction in the TRON Virtual Machine (TVM) to better align with Ethereum’s EIP-6780. Under the proposal, if enabled, the SELFDESTRUCT instruction will only permanently delete a contract if called in the same transaction that created it; in all other cases, it will only transfer the contract’s assets without removing the contract. Additionally, the energy cost for this instruction will be adjusted from 0 to 5,000 units. The proposal is currently in the community discussion phase. The TRON developer community is debating issues like functional impacts, deployment timeline, and ecosystem adaptation, and will decide whether to formally activate the feature based on community consensus. TRON also encourages developers to actively participate in the discussion and recommends that those using the SELFDESTR

Strong Dollar, Rising Oil Prices Push Gold Lower for the Week

New York gold futures dropped below $5,100 an ounce on Friday, March 13, and are on track for a weekly decline this week. Pressure on gold prices stems from a stronger U.S. dollar, rising oil prices, and uncertainty over the Federal Reserve’s policy stance. An ANZ Bank analyst noted: “The U.S. dollar has strengthened amid its safe-haven appeal—especially as rising oil prices benefit the U.S., a net energy exporter. Market concerns about the Fed’s interest rate cut path are growing, and higher oil prices have raised the risk of renewed inflationary pressures.” (Source: FXStreet)

Love so deep, hatred so strong, Iron Finance loses 26,882 ETH due to multiple re-entrancy attacks

March 13th: A wallet linked to Trend Research (under Yee Finance) borrowed ETH via Aave, transferred it to Binance, and shorted 27,000 ETH—worth roughly $57.1 million. Yee Finance, known for pumping ETH and taking large personal long positions, bought ~658,100 ETH at an average price of ~$3,104 between last year and early this year. It liquidated that position on February 8th at ~$2,058, posting a loss of ~$688 million. When Trend Research closed its position on February 6th, Yee Finance was spotted near Hong Kong’s Causeway Bay that afternoon, staying until around 10 PM with no unusual behavior. On March 10th, Yee Finance took to social media again: “The speed of AI development and the anxiety are terrifying. Going back to crypto’s core principles: First, any ETH price below $2,000 is a buying opportunity—both short and long positions have a high success rate. Second, per cycle theory, this year is a strong bottom opportunity, ideal for prepping new capital and platforms.”

Tether minted another 1B $USDT on #Tron 6 hours ago.

Tether minted another 1B $USDT on #Tron 6 hours ago. The circulating supply of $USDT on #Tron has reached 85.3B, far more than on #Ethereum.

Coinbase: Metrics Show Recent Spot Demand Has Been Strong Enough to Absorb Excess Selling Pressure

On March 11th, Coinbase Institutional (its institutional investor service) shared on social media that the Short-Term Holder Profit/Loss (SOPR) ratio tracks whether recent buyers are selling at a profit or loss. This metric helps spot if new entrants are panic selling—a behavior that typically flushes out weak hands and resets spot positions cleanly. Since late February, SOPR for Bitcoin and Ethereum short-term holders has climbed, signaling recent spot demand is strong enough to absorb selling pressure and reflecting a more resilient market stance.

Tron Inc. Average Price $0.29 Acquires 175,251 TRX Tokens

March 5 – US-listed TRX-focused treasury firm Tron Inc. disclosed it has boosted its TRX holdings by purchasing 175,251 tokens at an average price of $0.29, pushing its total holdings above 684.9 million.

CZ on Predict.fun's Acquisition of Probable: Excited to see two strong projects joining forces

On March 4, Binance founder CZ took to social media to comment on Predict.fun’s announcement of its strategic acquisition of Probable, saying: “Congratulations—great to see two strong projects joining forces.” BlockBeats previously reported that Predict.fun, a prediction market platform, announced today its strategic acquisition of Probable, with the exact amount not yet disclosed. Probable is an on-chain prediction platform originally incubated by PancakeSwap and YZi Labs. Since its launch in December 2023, Predict.fun has processed a cumulative $15 billion in transaction volume from over 120,000 users and recorded more than 3.3 million transactions. This acquisition will further advance Predict.fun toward its goal of becoming the world’s most capital-efficient prediction market by strengthening its underlying tech architecture, speeding up market structure optimization, boosting execution efficiency, and improving capital utilization. *(Note: The original “2025” launch date

After a strong market rebound, mainstream CEX and DEX funding rates show significantly reduced bearish sentiment

March 4th, Bitcoin staged a strong rebound, surging above $71,000, according to data from Coinglass. Funding rates across major centralized exchanges (CEXs) and decentralized exchanges (DEXs) have turned positive, approaching neutral as short sentiment has eased significantly. Specific funding rates for major cryptocurrencies are shown in the attached chart. **BlockBeats Note**: Funding rates are set by crypto exchanges to balance contract prices with underlying asset prices, typically applying to perpetual contracts. This is a funding exchange mechanism between long and short traders—exchanges do not charge this fee. It adjusts the cost or profit of traders holding contracts to keep contract prices aligned with underlying asset prices. A 0.01% funding rate serves as the baseline: rates above 0.01% signal generally bullish market sentiment, while rates below 0.005% indicate bearish sentiment.

Tom Lee: Market Possibly Establishing Bottoming Phase, Showing Significantly Stronger Performance Than Expected

On March 4, Tom Lee—Chairman of BitMine, the firm focused on Ethereum treasury management—told CNBC in an interview: “Nobody wants to see the U.S. get pulled into a conflict. But it’s worth noting the market has been far more resilient than expected. I don’t think anyone can say we’ve hit bottom right now, but it looks like we’re building a base—bad news keeps rolling in, yet the market’s absorbing it and holding steady. Most importantly, positions have been heavily reset.” “Looking back to last April, a simple signal was the VIX spiking above 40. It hit 80 last year, but this time it might not need to go that high. Another tell: if more panic-inducing news hits, gold keeps falling—but stocks rally that same day—it means the market’s already cleared out. I think we’re close to that point.” “We see March as a bottom-forming period. The selloff in software, the Magnificent 7, and crypto assets is about 90% done. They’re outperforming the market, which signals leadership. Even if

Tron's 24-hour revenue reached $1.1M, up 56% from yesterday and far ahead of other blockchains.

Tron's 24-hour revenue reached $1.1M, up 56% from yesterday and far ahead of other blockchains.

After a strong market rebound, mainstream CEX and DEX funding rates still indicate a bearish outlook

March 3rd — Per Coinglass data, Bitcoin led altcoins in a sharp rebound after today’s U.S. stock market opened. However, funding rates across major centralized (CEX) and decentralized (DEX) exchanges still point to an overall bearish market. Specific funding rates for top mainstream coins are shown in the attached chart. BlockBeats Note: Funding rates are set by crypto exchanges to keep perpetual contract prices aligned with underlying asset prices. They facilitate fund transfers between long and short traders — the platform itself does not collect this fee. The mechanism adjusts the cost or profit of traders holding positions to ensure contract prices track the underlying asset’s value. A 0.01% funding rate serves as the baseline. Rates above 0.01% indicate a broadly bullish market, while rates below 0.005% signal a bearish outlook.

Trump Successfully Replicates "Market Close Decapitation" Strategy, Crypto Assets and Crypto Stocks See Strong Rebound

**March 2nd Update** Last Saturday (February 28), U.S. forces conducted a strike against Iran. Early Sunday morning (March 1 Beijing time), officials confirmed Iran’s top leader, Ayatollah Ali Khamenei, had been successfully “decapitated.” While traders had previously feared the move would weigh on markets, the core disagreement centered on the **magnitude** of the downturn. True to those concerns, U.S. stocks opened lower today: - Dow Jones Industrial Average: -1.15% - S&P 500: -1.07% - Nasdaq Composite: -1.5% However, both equities and crypto assets pared losses and turned higher after the opening bell, with: - Bitcoin: +5% (now $68,699) - Ethereum: +6.25% (now $2,035) - S&P 500: +0.23% (reversed) - Nasdaq: +0.14% - Dow Jones: +0.25% - Circle (CRCL): +11.35% - MicroStrategy (MSTR): +5.43% - Bitmine (BMNR): +7.72% - Figure (FIGR): +12.62% Notably, the U.S. military’s last comparable operation — the **attempt to detain** Venezuelan President Nicolás

Analysis: The bearish momentum is not strong enough to make BTC quickly "break 6 and see 5"; the $64,500 support will be reconfirmed after the US stock market opens

March 2nd — On-chain analyst Murphy notes Bitcoin’s (BTC) historical average cost of ownership (≈$64,500) is a reliable gauge of market sentiment. This level acts as a psychological threshold: the price recently tested it multiple times (Feb 23-24, Feb 27-28) — dipping below before bouncing back, showing strong bullish defense at this key support. US-Iran geopolitical tensions have now materialized, with focus shifting to the conflict’s scope, duration, and impact on oil prices. Over the weekend, limited institutional and market maker participation meant bearish momentum lacked the strength to push BTC below $60k quickly. The $64,500 historical cost level’s support is set to be reaffirmed when US stock markets open later today.

Santiment: Number of Addresses Holding at Least 100 BTC Nears 20,000, Bitcoin Undergoing "Strong Hands Reallocation"

On February 27, crypto analytics firm Santiment tweeted that Bitcoin is on the cusp of a milestone: the number of addresses holding at least 100 BTC is set to surpass 20,000. A wallet with 100+ BTC is currently worth at least $6.78 million, and these wallets are primarily held by high-net-worth individuals (HNWIs), funds, long-term holders, or institutions. When this count rises during or after a price dip (as observed recently), it signals bullish momentum. However, the percentage of total Bitcoin supply held by key stakeholders hasn’t seen meaningful growth — which is why the asset’s price remains under pressure. Growth in 100+ BTC addresses means more large holders are diversifying, rather than a small group controlling the bulk of supply. In this sense, it points to reduced concentration at the top. That said, it also signals a shift of wealth toward “strong hands” (long-term holders) versus small retail wallets. This isn’t decentralization at the most granular level, but

Goldman Sachs: Nvidia's Strong Earnings Report Fails to Halt Stock Decline, Profit-Taking Pressure Emerges

On February 27, Goldman Sachs noted that despite NVIDIA (NVDA.O) posting 73% year-over-year revenue growth and upbeat AI business guidance, the chipmaker’s shares dropped 5.5% following its earnings report—dragging down the semiconductor sector and the S&P 500. Analysts said this reflects a “sell-the-news” dynamic, profit-taking, and worries over the sustainability of AI capital spending by hyperscale cloud providers. While 2026 AI spending is seen rising 62% (down from 73% projected for 2025), supply-demand imbalances and a strong balance sheet could still lift expectations. Current data center demand and memory supply constraints back NVIDIA, with the market now shifting focus to 2027, when capital spending may peak. (FX675)

Morgan Stanley: Expects NVIDIA Q4 Earnings to Be Strong, Growth Fueled by AI Boom Showing No Signs of Slowing

**Morgan Stanley’s Moore: NVIDIA Q4 Strong, Full-Year Forecasts Have Upside** Morgan Stanley analyst Joseph Moore and his team project robust fourth-quarter results for NVIDIA and express confidence in the chipmaker’s full-year performance. The analysts note NVIDIA’s Q4 revenue is expected to exceed expectations by nearly $3 billion, with a quarter-over-quarter (QoQ) increase of $8 billion—signaling growth has not slowed. Moore adds the $64 billion full-year revenue forecast still holds upward potential of $2 billion or more, and notes the $72 billion consensus expectation is relatively conservative.