Ethena has launched a new public blockchain called Converge, with the stablecoin emerging as a leader in both DeFi and TradFi?

Stablecoins are entering the era of "mass entrepreneurship and innovation."

As the dust settled in the first quarter, the market presented a stark picture of "macro narrative strong volatility, micro innovation deeply dormant."

As the oracle's flagship, a top cryptocurrency by market capitalization, Link has on-chain data far richer than what we have seen with ENA or PEPE.

1. The Madman, formerly known as @liujia0224, was once a top KOL in the cryptocurrency community. Known for his responsible, focused, and sincere attitude, he provided guidance to traders. His articles on WeChat Official Account often reached over 100,000 views, earning him the title of the cryptocurrency community's "Weather Forecast." 2. The Madman entered the cryptocurrency world due to his passion for trading. Having worked in a financial institution previously, his interest in Bitcoin led him to work for a cryptocurrency exchange, thus beginning his life in the virtual currency space. 3. The Madman believes that the United States designating cryptocurrency as a national asset reserve will have limited short-term market impact. However, in the long run, Bitcoin is expected to gain global recognition, potentially becoming a global currency and driving up its price. 4. The Madman is optimistic about sectors such as Real World Asset (RWA) tokenization, AI, public blockchains, payments, and MEME, believing that these areas will present new alpha revenue opportunities. 5. For newcomers, The Madman advises understanding the cryptocurrency framework, focusing on specific areas to gain experience, avoiding trading with funds that affect their daily lives, maintaining a positive mindset, respecting the market, and gradually developing their own analytical framework and models.

The industry as a whole is moving towards Sustainable Tokenomics, with projects focusing on fair income distribution.

The holders are gradually taking profits, but the market has not yet shown signs of extreme euphoria.

Top News

1.Cryptocurrency Total Market Cap Falls Below $3 Trillion, 24-hour Decline Reaches 10.5%

2.Binance Pre Market Introduces Circuit Breaker Mechanism Test

3.U.S. Regulatory Expert: SEC May Redefine Cryptocurrency Properties, Most Tokens Might Be Classified as Commodities

4.Bybit Hacker Has Laundered 100,000 ETH, Accounting for 20% of Stolen Ethereum

5.Time.fun Founder: Considering Issuing Platform Token in the Future, Will First Achieve Tokenized Time "Composability"

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

XRP

One of today's focal points of discussion is XRP, which has experienced a significant price drop due to market volatility and speculations about its future. The cryptocurrency has seen a 24-hour change of approximately -11.28% to -12.92%, while the overall market has also witnessed a downturn, leading to over $110 billion in market capitalization evaporation. Despite the negative trend, XRP-related funds have seen inflows, driven by ETF speculations and regulatory dynamics, including the possibility of the U.S. Securities and Exchange Commission (SEC) dropping cases against major platforms like Coinbase and Robinhood, indicating a potentially more favorable regulatory environment. Furthermore, speculations about XRP potentially being included in the U.S. government's strategic reserves have further fueled market interest and discussions.

BNB

Today, discussions surrounding BNB mainly revolve around its significant market activity amidst the overall cryptocurrency market downturn. Binance founder CZ revealed a high proportion of BNB in his investment portfolio, attracting market attention and discussions. Despite the market downturn, BNB's resilience and strategic initiatives, such as integrations with multiple DeFi projects and cross-chain partnerships, continue to keep it in the spotlight. Additionally, the role of BNB in the Binance ecosystem and its future growth potential have also become focal points of discussion, with some users expressing confidence in its long-term value.

ENA

Ethena

Ethena, also known as ENA, has attracted significant attention today due to its recent $100 million private token sale aimed at funding the development of new blockchains and institutional products. This financing round attracted prominent investors including Franklin Templeton, Polychain, Pantera, Dragonfly, and F-Prime Capital. Ethena's stablecoin USDe has now become one of the largest in its class, and the project has made strides in the traditional finance space. Despite market downturns, Ethena's strategic initiatives and partnerships have positioned it as a key player in the crypto industry.

COINBASE

Today, discussions surrounding Coinbase have mainly focused on its strategic initiatives and regulatory developments. Citadel Securities plans to become a liquidity provider for exchanges like Coinbase, which could increase market activity. Additionally, Coinbase's legal victory against the SEC is seen as a positive development for the crypto industry, enhancing regulatory transparency. The integration of Coinbase Wallet with OnboardGlobal for P2P crypto trading in Nigeria has also been a highlight, showcasing Coinbase's efforts in global expansion and user experience enhancement.

ADA

Today, discussions around ADA have primarily centered on the SEC's approval of Grayscale's application for a spot Cardano ETF, sparking widespread attention and discussion. Despite an overall market downturn in the cryptocurrency market, ADA experienced a significant drop, but the potential for broader institutional access through ETFs has generated optimistic sentiment. Additionally, there have been mentions of ADA's development activities and its position in the current market volatility.

Threads & Tweets

1. Data analysis of BTC price trends by @CryptoPainter_X

2. Challenges faced by Web3AI by @timotimo007

Featured Articles

1. "$13 Billion Liquidated in 24 Hours, Is Bitcoin Heading to $70,000?"

FDBUBBLE, BlockBeats

After a series of hacking incidents and a plunge in market sentiment, this morning Bitcoin suddenly flash-crashed, briefly dropping below $91,000. In the past 24 hours, the entire network has seen $1.33 billion in liquidations. What happened to cause the crypto market to flash-crash?

2. "After 767 Days, What Does SBF's Tweet Mean?"

shushu, BlockBeats

After two years, SBF has once again tweeted, discussing the experience of firing employees. He wrote that firing employees is a very difficult and unpleasant thing, but it is often management issues within the company that force employees to be let go. Keeping employees in the company who are not valuable is a waste. SBF's deep discussion of the firing incident also inevitably brings to mind the recent frenzy of "firings" by the U.S. government.

Biggest Gainers & Losers

Token price movements on February 25, sorted and ranked by trading volume

Top Gainer

1.$A1C

2.$VON

3.$VANA

Top Loser

1.$PAIN

2.$X33

3.$SHADOW

On-Chain Data

On-chain fund flow in the past 7 days

This article will explore some risk-adjusted return opportunities worth considering.

No one is buying the dip on ETH...

Trump is not opposed to taking action on cryptocurrency, but a Bitcoin strategic reserve is not his or the Republican Party's top priority.

1. Popular Projects: Stupid, Demon Arc, Flow 2. Top News: Jupiter Completes 3 Billion JUP Token Burn, Current Value Around 3.2 Billion USD 3. Token Unlock: FET

What other tokens are associated with Trump?

When Trump Takes Office, Will the Market "Sell The News" or Experience a "Huge Unprecedented Surge"?

1. On-chain Fund Flow: $19M inflow to Base, $29.3M outflow from Solana 2. Highest Price Volatility: $Toshi $Pippin 3. Top News: Insider: Trader Eugene Co-founds Tangent Ventures, a Seed Investor in ENA Token

With the rise of BTC and altcoin ETFs, the demand from new users for lending, DEX, and stablecoin trading will continue to grow.

Surface Shine, Inner Weariness

Thank you to every builder who has contributed to, is currently contributing to, and will continue to contribute to this industry.

1. Popular Projects: Gigaverse, Hiero, Cloudland 2. Top News: BIO token holders will be able to participate in Launchpad and BioDAO governance