Ethereum whale stacks $1.3B in ETH, fueling $4K recovery hopes

USUAL (Usual) 24-hour increase of 14.75%

Gate News Report, March 4th, according to CoinMarketCap data, as of press time, USUAL (Usual) is currently trading at $0.02, up 14.75% in the past 24 hours, with a high of $0.02 and a low of $0.01. The current market capitalization is approximately $26.3 million, an increase of $3.37 million yesterday. Usual is a decentralized protocol that has built a distributed banking system. The protocol issues fiat-pegged stablecoins backed by real assets (RWA), combining the security of real assets with the composability and liquidity of DeFi. USD0 is Usual's core stablecoin, fully supported 1:1 by high-quality short-term assets such as U.S. Treasury bonds, providing a stable asset that does not rely on traditional banking systems. Additionally, Usual allows users to participate in governance through the USUAL governance token.

ETH price was rejected again at the $2,000 mark: Could it drop to what level in March?

Ethereum's price surge has stalled around $2,000 due to strong resistance, with a critical support level at $1,800. If this level is breached, prices may fall towards $1,400, reflecting historical trends.

Data: In the past 24 hours, the entire network has been liquidated for $367 million, with long positions liquidated for $235 million and short positions liquidated for $132 million.

ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours amounted to $367 million, with long positions liquidated at $235 million and short positions at $132 million. Among these, Bitcoin long liquidations totaled $81.9227 million, Bitcoin short liquidations $59.888 million, Ethereum long liquidations $45.115 million, and Ethereum short liquidations $31.3495 million.

SWIFT and major banks test Ethereum-compatible blockchain payment infrastructure

Consensys is developing a common blockchain ledger compatible with Ethereum to enhance SWIFT's infrastructure, focusing on 24/7 interbank payments and tokenized asset transfers. Smart contracts within the system ensure compliance, making it suitable for tightly regulated banking environments. Major institutions like BNY Mellon and JP Morgan are participating, signaling a strategic move towards digital payment infrastructure by 2026, reflecting a broader trend among central banks and financial organizations.

Citibank is laying out Bitcoin infrastructure! Aiming to launch institutional-grade custody and cross-asset collateral this year

Citigroup is actively promoting the banking of Bitcoin, planning to launch institutional-grade custody services in 2026 to integrate traditional financial systems. By simplifying technical access and improving capital efficiency, Citigroup aims to reduce operational friction for institutional clients and incorporate digital assets into standardized management, further attracting conservative institutional funds into the crypto market.

Whale 0xb5C9 Sells $12M in BTC and ETH to Repay Aave Debt

Gate News bot message, whale address 0xb5C9 sold 67 BTC valued at $4.54 million at $67,693 and 3,809 ETH valued at $7.49 million at $1,967 four hours ago. The proceeds were used to repay debt on Aave.