Ethereumβs 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 Asiaβs 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. Metaplanetβs 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 Salvadorβs President Nayib Bukele reaffirmed the countryβs commitment to buying Bitcoin, dismissing the IMFβs request to halt acquisitions under a $1.4B financial aid deal. Despite restrictions, El Salvadorβs BTC holdings have grown to 6,101 BTC ($527M). Bukele declared, βIt wonβt stop now, and it wonβt stop in the future.β 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 takesβall in one place!
Get smarter and wealthier today!
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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 Trumpβs push to establish the country as a global leader in digital assets.
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Robinhoodβs 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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Uniswapβs 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 Uniswapβs market position.
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Avalanche Expands L1 Capabilities with Etna Upgrade
Avalancheβs 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 Avalancheβs position in the evolving blockchain landscape.
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Avalancheβs 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 Avalancheβs 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 Suiβs 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 developerβs 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 Bittensorβs ecosystem. The investment will support Tensorplexβs expansion, R&D, and the broader adoption of decentralized AI solutions.
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Binance initially suspended RedStoneβs RED token listing after the project cut its airdrop from 9.5% to 5%, sparking community backlash. In response, RedStone added 2% to todayβs airdrop and pledged another 4.5% in six months, leading Binance to resume the listing. REDβs price rebounded but community trust remains uncertain.
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Sam Bankman-Friedβs 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 companyβs collapse and is reportedly seeking political support for a presidential pardon.
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The White House Crypto Summit will take place today at 3 PM EST, with President Trump delivering a keynote speech. Ahead of the event, Trump will sign executive orders reinforcing the Strategic Bitcoin Reserve, which will be managed by the Treasury. Notably, Trump has hinted at expanding the reserve to include Ethereum ($ETH), XRP ($XRP), Solana ($SOL), and Cardano ($ADA) in the future.
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Elon Muskβs AI chatbot Grok suggested the name GrokCoin for a meme token, triggering a surge in interest. Launched on Solana, GrokCoin has now reached a market cap of $21M and $160M in trading volume, with over 19,000 traders buying in. The chatbot predicts the tokenβs popularity due to its playful branding and viral appeal.
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