Tom Lee’s Bitmine expands staking with 86,400 Ethereum, $266M move

The entire crypto market is down across the board, with BTC falling below $67,000 and ETH dropping nearly 4%.

The recent cryptocurrency market has generally declined, with Bitcoin falling below $67,000 and Ethereum dropping below $2,000. The SocialFi sector led the decline, with many coins experiencing varying degrees of decrease, and only a few like Hyperliquid rising.

The whale "pension-usdt.eth" closed their BTC long position, previously reaching a size of $67 million.

The whale "pension-usdt.eth" closed its long positions after a short-term increase in Bitcoin, earning approximately $460,000. This whale often uses low leverage and short-term strategies, accumulating over $24 million in profits since October last year.

Gate Daily (March 2): Trump campaign faces "insider trading" allegations over Iran airstrike; Vitalik explains Ethereum execution layer roadmap

Bitcoin (BTC) rebounded from weekend lows, trading around $66,700 on March 2. A mysterious account made precise bets on a U.S. airstrike against Iran, while the Trump camp faces allegations of "insider trading." Vitalik outlined Ethereum's execution layer roadmap, focusing on two major changes: state trees and virtual machines.

Ethereum Foundation's long-term roadmap revealed! Planned 7 hard forks within 4 years, focusing on 5 major goals

The Ethereum Foundation has released a blueprint called "Strawmap," which plans to complete 7 hard forks by 2029, significantly improving transaction speed and throughput. The goals include achieving second-level finality and scaling to 10,000 TPS. This development plan aims to enhance network security and stability to meet the future demands of more users and applications.

10xResearch: Market positions have been cleared, but liquidity remains relatively weak

10xResearch in its latest report states that crypto market positions have largely cleared, funding rates have dropped to lows, and implied volatility has reset, but liquidity remains fragile. The US 10-year Treasury yield has declined, ETF funds experienced a brief net inflow, and options traders are adjusting their positions around key March events.

The outbreak of war between the US and Iran triggers a liquidation wave in the crypto world, with Brother MaJi's 25x leverage being liquidated again.

February 28, Israel launched a military operation against Iran with support from the United States, causing significant volatility in the crypto market. Major cryptocurrencies such as Bitcoin, Ethereum, and Solana all experienced sharp declines, especially when a well-known artist Huang Licheng was forcibly liquidated due to holding an Ethereum position with 25x leverage, resulting in a substantial loss of funds. This incident highlights the market risks associated with high leverage. The event has drawn widespread attention, and the crypto market's response to geopolitical risks has been swift. Investors should exercise caution in managing their risks.