📣 MegaETH to Launch Public Testnet on March 6

MegaETH, a high-performance Ethereum Layer 2, will deploy its public testnet on March 6, with user onboarding starting March 10. The testnet supports up to 100,000 TPS, with 1.68 Ggas/sec and 15 ms block times. MegaETH previously raised $20M from Dragonfly Capital, $10M via Echo, and $13M through NFTs.

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🥷 Bybit Hack: 77% of Stolen $1.4B Still Traceable

Hackers laundered 499,000 ETH ($1.4B) from Bybit, with 77% still traceable, 20% untraceable, and 3% frozen. THORChain processed 72% of illicit funds, earning $5.5M in fees, but refuses to intervene, sparking community backlash. The mass liquidation contributed to ETH’s 13% drop. The case raises concerns over DeFi governance and whether protocols should prevent money laundering or uphold full decentralization.

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❕ $1 Billion in Crypto Liquidated as Trump’s Tariffs Take Effect

Trump’s 25% tariffs on Canada and Mexico triggered a $1B liquidation in crypto within 24 hours, with 68% of liquidations hitting long positions. Bitcoin dropped to $81,879 before rebounding to $86,400, while SOL, XRP, and ADA also saw major liquidations. Analysts are watching if BTC can reclaim $90,787 as markets remain volatile.

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❕ BlackRock Warns of Bitcoin Supply Shock, Says There’s Not Enough for U.S. Millionaires

BlackRock analysts warn that Bitcoin’s fixed supply makes it unable to meet rising demand, unlike gold. With up to 4M BTC lost or inaccessible, there wouldn’t be enough if every U.S. millionaire wanted just 1 BTC. The firm sees Bitcoin as a long-term store of value, a hedge against USD dominance, and a key asset in the digital transition. BTC is currently trading at $85,381.

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📣 Bybit Requests 44.67 ETH Refund from Paraswap DAO After Hack

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 Proposes Tokenomics Overhaul with Buybacks, Staking Changes, and Liquidity Boost

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 See $143M Outflow as Ethereum Reverses Trend with $14.6M Inflow

Bitcoin ETFs lost $143.5M on March 4, nearly doubling the previous day's outflows, amid concerns over Trump’s crypto reserve proposal. Fidelity’s 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 Fidelity’s FETH ($21.6M inflow). Bitcoin’s price surge triggered $479M in liquidations, impacting 159,000 traders globally.

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📣 Ethereum’s ‘Pectra’ Upgrade Nears Mainnet After Sepolia Test

Ethereum’s 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 Becomes Asia’s Largest Corporate Bitcoin Holder After 497 BTC Purchase

Metaplanet has surpassed Boyaa Interactive as Asia’s 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. Metaplanet’s 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 Salvador Defies IMF, Continues Bitcoin Purchases Despite $1.4B Deal

El Salvador’s President Nayib Bukele reaffirmed the country’s commitment to buying Bitcoin, dismissing the IMF’s request to halt acquisitions under a $1.4B financial aid deal. Despite restrictions, El Salvador’s BTC holdings have grown to 6,101 BTC ($527M). Bukele declared, “It won’t stop now, and it won’t stop in the future.” 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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❕ Trump Announces Bitcoin Strategic Reserve

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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📣 Jump Trading Reboots U.S. Crypto Operations After Regulatory Retreat

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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📣White House Crypto Summit to Host Key Industry Leaders

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 Trump’s push to establish the country as a global leader in digital assets.

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🐋 Whales Accumulate Arbitrum (ARB) After Robinhood US Listing

Robinhood’s 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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❕ White House Crypto Summit Excludes Cardano's Charles Hoskinson

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 Moves Over $1B in Bitcoin Amid Repayment Speculation

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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❕ Uniswap Faces Backlash Over Unichain L2 Launch

Uniswap’s 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 Uniswap’s market position.

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Avalanche Expands L1 Capabilities with Etna Upgrade

Avalanche’s 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 Avalanche’s position in the evolving blockchain landscape.

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📣 Sui Partners with Trump-Inspired World Liberty Financial on Blockchain Collaboration

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 Sui’s scalability and American-born innovation.

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