Summary of the last 24 hours of social chatter.

Crypto Market Report: March 4-5, 2025

This report synthesizes information from various cryptocurrency groups, providing insights for enthusiasts and traders.

a. Summary

The crypto market experienced a significant sell-off on March 4th, with the total market capitalization dropping by 9.59% to $2.86T. Bitcoin (BTC) price fell by 8.66$83,872, while Ethereum (ETH) dropped by 9.5% to $2,022. The Fear & Greed Index registered an "Extreme Fear" level of 15.

Despite the market downturn, several notable developments occurred. Zora, an NFT platform, announced its tokenomics ahead of its token generation event (TGE) in Spring 2025. Flowdesk, a crypto trading firm, raised $102M to expand its services, including launching a crypto credit desk. Binance listed GoPlus Security (GPS) token and conducted an airdrop through its HODLer Airdrops Portal.

The market saw a rebound on March 5th, with BTC price rising by 5.11% to $87,517 and ETH price increasing by 4.81$2,173.31. The Fear & Greed Index moved slightly up to 20, still indicating "Extreme Fear."

b. News and Developments

b.1. Market Movements and Sentiment

• March 4th:
  • Total Market Capitalization: $2.86T (-9.59%) https://telegra.ph/file/60c92dba80837ce8c7fc6.png
  • BTC Price: $83,872 (-8.66%) https://telegra.ph/file/60c92dba80837ce8c7fc6.png
  • ETH Price: $2,022 (-9.5%) https://x.com/lookonchain/status/1894365936595165616
  • Fear & Greed Index: 15 (Extreme Fear) https://telegra.ph/file/60c92dba80837ce8c7fc6.png
  • Total Value Locked: $139B (-10.6%) https://telegra.ph/file/60c92dba80837ce8c7fc6.png
• March 5th:
  • Total Market Capitalization: $2.98T (+3.13%) https://telegra.ph/file/050f890860833ad65ee18.png
  • BTC Price: $87,517 (+5.11%) https://telegra.ph/file/050f890860833ad65ee18.png
  • ETH Price: $2,173.31 (+4.81%) https://dropstab.com
  • Fear & Greed Index: 20 (Extreme Fear) https://telegra.ph/file/050f890860833ad65ee18.png
  • Total Value Locked: $144B (+2.99%) https://telegra.ph/file/050f890860833ad65ee18.png

b.2. Project Updates and Partnerships

• Zora: Announced its tokenomics ahead of its TGE in Spring 2025. The total supply of $ZORA is 10B, with 26.1% going to contributors, 20% to incentives, 20% to the treasury, 18.9% to the Zora team, 10% to retroactive airdrops, and 5% to maintaining liquidity. https://x.com/zora/status/1896616047656280324
• Flowdesk: Raised $102M in a mix of equity and debt funding to expand its services. The company plans to use the funds to scale its over-the-counter derivatives business, launch a crypto credit desk, and double its workforce. https://coindesk.com/markets/2025/03/04/emb-march-4-4-am-et-flowdesk-raises-over-usd100-million-to-expand-trading-and-liquidity-desks
• GoPlus Security (GPS): Launched on Binance HODLer Airdrops. GPS is a blockchain security company that provides real-time security detection and risk analysis for smart contracts, tokens, and decentralized applications. https://www.binance.com/en/support/announcement/detail/63c1fcf1009e4bf08dc486c0ef10917b
• Aave: Published a tokenomics update, proposing a buy-and-distribute program for $AAVE, starting immediately at the pace of$1M/week for the first 6 months. The proposal also introduces the 'Umbrella' safety system and a non-transferable Anti-GHO token to offset debt. https://governance.aave.com/t/arfc-aavenomics-implementation-part-one/21248
• Ozean: Partnered with First Digital to advance RWA tokenization. Projects in Ozean's ecosystem will now have access to First Digital's licensed custody services and FDUSD stablecoin ecosystem. https://x.com/clearpoolfin/status/1896908490142015950
• Infrared: Raised $14M in a Series A funding round led by Framework Ventures. Infrared is a liquid staking protocol that has created two liquid staking tokens: iBGT and iBERA. https://x.com/InfraredFinance/status/1896912652158501307
• Across Protocol: Raised $41M in a Token sale round led by Paradigm. Across is an intents-based interoperability protocol that allows users to initiate crosschain transactions. https://theblock.co/post/344470/paradigm-leads-token-round-across-protocol-ethereum
• Unmarshal: Integrated with Realio Network to enhance data accessibility, transaction insights, and asset management. Unmarshal is a decentralized network of blockchain data indexers. https://unmarshal-io.medium.com/unmarshal-integrates-realio-network-to-elevate-multi-chain-wallet-apis-for-the-future-of-tokenized-2301d99399fa
• FastLane: Raised $6M in a Strategic funding round led by Figment Capital and dba. FastLane is a hybrid MEV protocol designed to enhance the health and efficiency of blockchain networks. https://x.com/0xFastLane/status/1896636501615849575
• RedStone: To be listed on Binance on March 6th, 13:00 UTC. RedStone is an oracle provider delivering fast, gas-optimized data across 50+ blockchains. http://binance.com/en/support/announcement/detail/8665b792cf804a57bb01b6ea11772746
• Helius: Announced Arcium, a decentralized private compute network that leverages Multi-Party Computation (MPC) to enable secure & efficient computation over encrypted data on Solana. https://www.helius.dev/blog/solana-privacy
• Blockstream: Secured billions for Bitcoin lending funds. Blockstream's institutional-grade Bitcoin investment solutions will go live on April 1st, with external capital acceptance opening on July 1st. https://www.bloomberg.com/news/articles/2025-03-04/blockstream-is-said-to-secure-billions-for-bitcoin-lending-funds
• Circle's USDC: Became the first dollar-pegged stablecoin approved for use in Japan. SBI VC Trade received regulatory approval to list and distribute USDC. https://www.coindesk.com/markets/2025/03/04/circle-s-usdc-to-be-first-usd-stablecoin-in-japan
• Coinbase: Added support for PancakeSwap, Brett (Based), and ai16z perpetual futures on Coinbase International Exchange and Coinbase Advanced. https://x.com/CoinbaseIntExch/status/1896953829146705930
• MegaETH: Set to deploy public testnet this week. https://www.theblock.co/post/344385/megaeth-set-to-deploy-public-testnet-this-week?utm_source=telegram1&utm_medium=social
• Yuga Labs: Announced that the SEC has closed its investigation into the company, stating that NFTs are not securities. https://www.theblock.co/post/344348/yuga-labs-says-sec-has-closed-its-investigation-into-the-company-nfts-are-not-securities?utm_source=telegram1&utm_medium=social
• Injective: Partnered with Libre and Nomura to bring BlackRock's tokenized institutional fund to Injective. https://x.com/injective/status/1896942373143548260
• Aave: Deployed lending markets on Sonic (formerly Fantom). https://t.me/shoalresearch/8471

b.3. Regulatory News

• SEC: Dropped its lawsuit against Kraken. https://t.me/shoalresearch/8457
• SEC: Moved to drop its lawsuit against Cumberland DRW. https://x.com/CumberlandSays/status/1897007837336797271
• White House: Supported a resolution to overturn an IRS rule that expands the definition of 'broker' to include DeFi software. https://x.com/davidsacks47/status/1896941181566894133
• Japan: SBI VC Trade received regulatory approval to list and distribute USDC. https://www.coindesk.com/markets/2025/03/04/circle-s-usdc-to-be-first-usd-stablecoin-in-japan

b.4. Institutional Activities

• Ark Invest: Bought $8 million of Coinbase shares. https://www.theblock.co/post/344423/ark-invest-buys-8-million-of-coinbase-shares-again-sells-similar-amount-of-own-bitcoin-etf-amid-trump-slump?utm_source=telegram1&utm_medium=social
• BlackRock: Provided debt financing to Flowdesk. https://www.theblock.co/post/344389/crypto-market-maker-flowdesk-102-million-new-funding
• BlackRock: Tokenized institutional fund will be accessible through Injective. https://x.com/injective/status/1896942373143548260
• SBI VC Trade: Completed regulatory registration to process USDC transactions. https://www.theblock.co/post/344406/japans-sbi-vc-trade-completes-regulatory-registration-to-process-usdc-transactions?utm_source=telegram1&utm_medium=social
• Michael Saylor: Invited to the Digital Assets Summit at the White House. https://x.com/saylor/status/1896978713792987498
• Metaplanet: Bought 497 BTC at $88,938, bringing its total holdings to 2,888 BTC. https://intel.arkm.com/explorer/entity/metaplanet-2

c. Degen Alpha

• $GPS: GoPlus Security token, listed on Binance. https://www.binance.com/en/support/announcement/detail/63c1fcf1009e4bf08dc486c0ef10917b
• $ZORA: Zora token, set to launch on Base with a total supply of 10,000,000,000. https://zora.co/writings/the-ticker-is-zora
• **$MARSH:** Unmarshal token, currently priced at$0.036. https://unmarshal-io.medium.com/unmarshal-integrates-realio-network-to-elevate-multi-chain-wallet-apis-for-the-future-of-tokenized-2301d99399fa
• **$CPOOL:** Clearpool token, currently priced at$0.15. https://clearpool.medium.com/ozean-joins-forces-with-first-digital-to-advance-rwa-tokenization-b1a5f7e56a56
• **$ACX:** Across Protocol token, currently priced at$0.23. https://theblock.co/post/344470/paradigm-leads-token-round-across-protocol-ethereum
• $RED: RedStone token, to be listed on Binance on March 6th. http://binance.com/en/support/announcement/detail/8665b792cf804a57bb01b6ea11772746
• $KAITO: Listed on Upbit spot (KRW). https://upbit.com/service_center/notice?id=4928
• **$CLONE:** Airdrop is underway, with 50,000,000$CLONE tokens being distributed. https://airdropcloneapp.xyz
• $BLUB: Launched on Avalanche, seeing significant gains. https://twitter.com/i/status/1896993446893953153
• $MINT: Airdrop checker is available. https://mints-reward.one
• $J: JamboApp's main rewarding token, starting March 8th. https://x.com/JamboTechnology/status/1896425723675775294
• $BOOE: Showing signs of strength, tagging over 50M MC recently. https://dexscreener.com/base/0xBa1963BB6c0D0d60Cea960AA37218d13b69503A1
• **$TCAPY:** Reached$0.0037 ATH. https://www.coingecko.com/en/coins/pi-network
• **$STIK:** Reached$5.57 ATH. https://www.coingecko.com/en/coins/pi-network
• $PLUME,$COW: Listed on Bithumb spot. https://feed.bithumb.com/notice/1647216

d. Patterns and Insights

• Institutional Adoption: The crypto market continues to see significant institutional interest, with major players like BlackRock, Ark Invest, and Circle making strategic moves. This trend suggests growing confidence in the long-term potential of the crypto space.
• Regulatory Clarity: The SEC's decision to drop lawsuits against Kraken and Cumberland DRW indicates a potential shift towards a more favorable regulatory environment. This could encourage further institutional participation and innovation.
• DeFi and RWA Tokenization: The focus on DeFi and RWA tokenization continues, with projects like Aave, Ozean, and Across Protocol raising significant funds and expanding their offerings. This trend suggests a growing demand for decentralized financial services and the integration of traditional assets into the blockchain ecosystem.
• Social Projects: Social projects are gaining momentum, with platforms like FriendTech and Kaito attempting to monetize the social graph. However, the adoption of these projects remains a challenge, and their long-term viability is uncertain.
• Memecoin Mania: The memecoin mania continues, with projects like $BOOE and$CLONE experiencing significant price fluctuations. While these projects can offer high returns, they also carry significant risks due to their speculative nature.
• Avalanche Ecosystem: The Avalanche ecosystem is gaining traction, with the successful launch of $BLUB and the development of projects like Paradise Tycoon and Maplestory Universe. This suggests a growing interest in Avalanche's capabilities for gaming and DeFi.
• Solana Ecosystem: Onchain activity slowed down in February, with a significant decrease in Real Economic Value, App Revenue, DEX Volumes, and Stablecoin Supply. This suggests a potential slowdown in the Solana ecosystem, which could be attributed to the FTX collapse and the broader market downturn.

Disclaimer: This report is for informational purposes only and should not be considered investment advice. Always conduct your own research (DYOR) before making any investment decisions.