Bybit has asked Paraswap DAO to return 44.67 ETH ($114K) collected as fees when hackers laundered stolen funds from its $1.4B exploit. The request sparked a debate in the DeFi community, with some supporting it as an ethical move, while others argue it sets a bad precedent for decentralization. Paraswap has already assisted in freezing some compromised funds, but its stance on the refund remains unclear.
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Aave has proposed a major tokenomics revamp, including $1M weekly AAVE buybacks, a shift from staking rewards to liquidity incentives, and a new Anti-GHO mechanism to offset borrowing costs. The plan also introduces cross-chain liquidity safeguards and redirects 320,000 AAVE ($65M) to the ecosystem reserve. The proposal is open for community feedback before a Snapshot vote.
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Bitcoin ETFs lost $143.5M on March 4, nearly doubling the previous day's outflows, amid concerns over Trumpโs crypto reserve proposal. Fidelityโs FBTC (-$46M) and ARKB (-$44M) led the losses, while Grayscale saw a $35.7M inflow. Meanwhile, Ethereum ETFs broke an 8-day outflow streak, gaining $14.6M, led by Fidelityโs FETH ($21.6M inflow). Bitcoinโs price surge triggered $479M in liquidations, impacting 159,000 traders globally.
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Ethereumโs Pectra upgrade successfully launched on the Sepolia testnet, bringing EIP-7251 (raising validator stake limits) and EIP-7702 (smart contract functionality for wallets). However, a failed Holesky test last week raises concerns about mainnet deployment timing, with developers set to discuss the release on March 6.
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Metaplanet has surpassed Boyaa Interactive as Asiaโs top corporate Bitcoin holder after buying 497 BTC at $88,448 per coin for $44M. The firm now holds 2,888 BTC ($251M), positioning it as the 12th-largest corporate Bitcoin holder globally. Metaplanetโs stock surged 20.9% following the move, as it continues an aggressive accumulation strategy aiming for 21,000 BTC by 2026.
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El Salvadorโs President Nayib Bukele reaffirmed the countryโs commitment to buying Bitcoin, dismissing the IMFโs request to halt acquisitions under a $1.4B financial aid deal. Despite restrictions, El Salvadorโs BTC holdings have grown to 6,101 BTC ($527M). Bukele declared, โIt wonโt stop now, and it wonโt stop in the future.โ Meanwhile, the government is expanding into AI and tech, attracting investors like a16z and offering 0% tax incentives for tech firms.
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Donald Trump has confirmed the creation of a "Bitcoin Strategic Reserve," with Commerce Secretary Howard Lutnick stating it will be officially unveiled at the White House Crypto Summit on Friday. While BTC is the primary focus, XRP, SOL, and ADA will also be considered. Trump aims to position the U.S. as the "crypto capital of the world" and supports clear regulations to foster industry growth.
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With SOL Insight, you get the most relevant news about Solana, in-depth analysis, and expert takesโall in one place!
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Jump Trading is ramping up its U.S. crypto trading volume and hiring new talent after more than two years of reduced activity due to regulatory pressure. The firm remains under SEC and CFTC investigations and faces a lawsuit from Fracture Labs over alleged DIO token dumping. Despite past scrutiny, Jump is expanding amid signs of a more favorable U.S. regulatory climate.
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The White House Crypto Summit on March 7 will feature top industry figures, including Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev, and Chainlink co-founder Sergey Nazarov. Government officials like Treasury Secretary Scott Bessent and AI & crypto czar David Sacks are also expected. The closed-door event aims to shape U.S. crypto policy, reinforcing Trumpโs push to establish the country as a global leader in digital assets.
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Robinhoodโs listing of Arbitrum (ARB) triggered a 15% rally to $0.42, attracting renewed whale interest. A major buyer spent $1.5M USDT for 3.78M ARB, while market maker Wintermute increased its activity on Uniswap and Binance. Despite past sell pressure, ARB remains the leader in stablecoin liquidity, securing $723M in net inflows last month as DeFi activity rebounds.
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Cardano co-founder Charles Hoskinson was not invited to the White House Crypto Summit on March 7, despite speculation following Trump's mention of ADA in a U.S. crypto reserve. The event will feature over 25 participants, including Brian Armstrong (Coinbase), Michael Saylor (Strategy), and the Winklevoss twins (Gemini). Other key figures like Vitalik Buterin and Cathie Wood remain unconfirmed.
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Mt. Gox transferred 11,834 BTC (~$1B) to an unknown wallet, marking its largest movement since January 2024. The exchange still holds 36,080 BTC (~$3.3B), fueling speculation that preparations for long-awaited creditor repayments may be underway. While no official confirmation has been given, market watchers are closely monitoring further moves from the defunct exchange.
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Uniswapโs launch of Unichain Layer 2 without consulting the Uniswap DAO has sparked community outrage, with concerns over transparency and centralization. Critics argue that Unichain benefits Uniswap Labs at the expense of UNI holders, who receive no revenue share. Additionally, fears of liquidity fragmentation have emerged, as $21M in incentives could shift liquidity away from Ethereum and other L2s, weakening Uniswapโs market position.
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Avalanche Expands L1 Capabilities with Etna Upgrade
Avalancheโs Etna upgrade has introduced lower transaction fees, dynamic fee structures, and greater developer flexibility for launching independent L1s. This shift moves Avalanche beyond traditional subnets, positioning it as a scalable framework for app-specific chains. The ecosystem is also gaining traction in DeFi, gaming, and SocialFi, supported by new funding initiatives like Retro9000 and InfraBUIDL(), reinforcing Avalancheโs position in the evolving blockchain landscape.
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Avalancheโs Etna upgrade has introduced lower transaction fees, dynamic fee structures, and greater developer flexibility for launching independent L1s. This shift moves Avalanche beyond traditional subnets, positioning it as a scalable framework for app-specific chains. The ecosystem is also gaining traction in DeFi, gaming, and SocialFi, supported by new funding initiatives like Retro9000 and InfraBUIDL(), reinforcing Avalancheโs position in the evolving blockchain landscape.
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Sui has announced a collaboration with World Liberty Financial (WLFI), a DeFi protocol inspired by Donald J. Trump. WLFI plans to include Sui assets in its strategic reserve, "Macro Strategy," as part of its efforts to support major DeFi projects. The partnership aims to explore new blockchain applications, leveraging Suiโs scalability and American-born innovation.
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Safe{Wallet} has shared updates on its investigation into the February 21 attack, confirming that the FBI and Mandiant have attributed the breach to TraderTraitor, a DPRK-linked hacking group. The attack exploited a developerโs compromised laptop to hijack AWS session tokens, bypassing MFA protections. While Safe's smart contracts remain unaffected, the team has implemented enhanced security measures, including a full infrastructure reset, upgraded monitoring, and improved malicious transaction detection.
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YZi Labs has invested in Tensorplex Labs, a decentralized AI lab focused on integrating blockchain with AI development. Tensorplex's key projects include Tensorplex Dojo, a decentralized platform for Human-AI collaboration, and Backprop Finance, a DeFi hub for Bittensorโs ecosystem. The investment will support Tensorplexโs expansion, R&D, and the broader adoption of decentralized AI solutions.
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Binance initially suspended RedStoneโs RED token listing after the project cut its airdrop from 9.5% to 5%, sparking community backlash. In response, RedStone added 2% to todayโs airdrop and pledged another 4.5% in six months, leading Binance to resume the listing. REDโs price rebounded but community trust remains uncertain.
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Sam Bankman-Friedโs crisis PR manager resigned after the unexpected release of his jailhouse interview with Tucker Carlson. In the interview, SBF praised Trump and suggested his political shift toward Republicans may have impacted his sentencing. While FTX has begun repaying creditors, he continues to blame bankruptcy proceedings for the companyโs collapse and is reportedly seeking political support for a presidential pardon.
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