Mar 3, 2025

Trump’s crypto order spurs BTC rally to $95K

Market overview

On March 2nd, Donald Trump's tweet regarding his executive order on digital assets caused a significant market reaction. The order directed the Presidential Task Force to develop a strategic cryptocurrency reserve, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Following this announcement, the cryptocurrency market rebounded quickly, with Bitcoin briefly reaching $95,000.
The cryptocurrency market is significantly influenced by US factors, with the best-performing tokens primarily being US-related assets such as XRP, ADA, and HBAR. Continued attention should be given to the progress of BTC's strategic reserve.
If BTC breaks and stabilizes above $93,877 (4-hour MA140), it would indicate a shift from bearish to bullish for right-side trading.
BTC's market dominance stands at 60.77%, while the market cap of the TOTAL3 index, which gauges altcoin performance, is $890 billion.

Key events

EVM-compatible blockchain Cronos has proposed reissuing 70 billion previously burned tokens to create a strategic reserve.
This week, tokens including ENA, BERA, and APT will see significant unlock, with a total value of $981.2 million expected to be released.
Donald Trump had announced on Truth Social the asset categories for the cryptocurrency strategic reserve, including XRP, SOL, and ADA, adding that Bitcoin (BTC) and Ethereum (ETH) would also be at its core, while stating that his order had directed the Presidential Task Force to advance its development.
CoinGecko data has shown that the fully diluted market cap of XRP ($274.1 billion) has surpassed that of Ethereum ($272.0 billion).
According to Whale Alert monitoring, Tether Treasury has minted an additional 1 billion USDT on Ethereum.
DeSci project Bio Protocol announced plans to create a decentralized BioAgents team capable of using new biotechnological tools by 2025, leveraging AI to accelerate DeSci development.
Huaxia Fund (Hong Kong) has announced the launch of the Asia-Pacific's first retail tokenized fund, the "Huaxia Hong Kong Dollar Digital Currency Fund," which has chosen to issue on the Ethereum public chain with an initial scale of approximately $107 million.
Solana co-founder Anatoly Yakovenko has supported the SIMD-0228 proposal, which seeks to reform Solana’s staking mechanism.
According to the data from DefiLlama, Pump.fun's February revenue has decreased by 38% month-over-month, with last week's revenue down nearly 80% from its peak.
Real-time blockchain MegaETH has internally launched its public testnet.
Ethereum co-founder Vitalik Buterin has announced on X that the Fusaka upgrade on Ethereum's L1 will be needed in 2025, aiming to launch a related testnet the day after the Pectra upgrade.
Ethereum L2 network Mint has opened airdrop eligibility checks, with claims starting on March 7.
HashKey Chain native project HyperInDex has obtained HSK liquidity support, which marks an important breakthrough in its ecological development.
L1 intellectual property blockchain Story has tweeted that they will airdrop 2000 tokens to 200 Odyssey validators.
Decentralized AI blockchain platform Sahara AI has announced that it will launch the public testnet SIWA in April.
According to Bloomberg, BlackRock Inc. has added a 1% to 2% allocation to the $48 billion iShares Bitcoin Trust ETF (ticker IBIT) in its target allocation portfolios that allow for alternatives.
Grayscale Smart Contract Fund has announced its latest holdings, including Ethereum (31.22%), Solana (31.30%), Cardano (18.23%), Avalanche (7.26%), Sui (6.5%), Near (2.95%) and Polkadot (2.54%).
According to the US Patent and Trademark Office, the Trump Organization has filed a new trademark for "TRUMP," planning to offer metaverse and NFT services, with the new project potentially named "Megaverse."
The Ethereum Foundation (EF), the nonprofit organization supporting Ethereum’s ecosystem, has launched the EF Silviculture Society, an informal advisory group of non-foundation members to ensure Ethereum's ecosystem aligns with core values including open-source, privacy, security, and censorship resistance.
BNB ecosystem platform Four.Meme has denied rumors of platform vulnerabilities.
AI L1 Nesa has launched its Mainnet Candidate version, set for full public release this week.
Cross-chain liquidity infrastructure StakeStone has tweeted an airdrop snapshot announcement, hinting at an upcoming snapshot event.

Hot projects

Token		Description	Market Cap ($)
	MIN Cardano ecosystem	Minswap is a DEX built on Cardano, with a trading volume exceeding $7.3 billion. Its current TVL stands at $98.44 million, with over 232,000 active traders. The app has been downloaded over 10,000 times from the Google Play Store. Due to ADA’s recent surge, the price of the MIN token has experienced notable fluctuations.	58 million
	SNEK Cardano ecosystem	Snek is a memecoin built on Cardano, with various associated products, including Snek.fun (token launch platform), SNEKx (token minter), SNEKbot (Telegram trading bot), SNEKalerts (X, Discord, and Telegram alert bot), Kaa (AI infrastructure platform), and Snek Energy (energy drink). Snek has over 41,000 holding addresses, making it the largest memecoin in the Cardano ecosystem.	380 million
	WOLF Pepe-related concept	In 2005, Matt Furie created the Pepe character in his comic series Boys' Club on the social networking site MySpace. The half-human, half-wolf character LANDWOLF also first appeared in this comic. Currently, its on-chain liquidity stands at $1.96 million, with a 24-hour trading volume of $6 million.	45.34 million
	ARMY XRP ecosystem meme	The concept of XRP ARMY represents resistance and resilience, reflecting the strength and influence of the XRP community. As XRP’s price continues to perform strongly, ARMY has also surged. The project includes an XRP Army OG NFT series, with a total supply of 589 NFTs, aiming to become a blue-chip NFT project on the XRP network.	27.24 million
	ANT Meme on BSC	Ant is a memecoin built on BSC, aiming to "meet Doge on Mars." The token launched at $0.01, with an initial distribution of 50% for airdrops, 30% for marketing, 10% for the foundation, 5% for the team, and 5% for initial allocation. Apart from the initial allocation, all other portions are subject to a 60-month linear unlock.	41.44 million

BTC ecosystem overview

BTC Mainnet & Fractal Bitcoin Gas Fees remain at 2 sat/byte (due to low activity) ⚡.
Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI: $12.58 (+10.42%)
DOG: $0.0021 (+15.59%)
FB: $1.11 (+2.42%)

On-chain DeFi mining yield product:Project name: Morpho (Blockchain: Ethereum) ←→ Token: USDC

Participation method 1:

Participate directly in "Smokehouse USDC" via the Earn page on the Morpho official website.Note: This financial product is supported by Steakhouse Financial.

1. Project information

[Morpho introduction]Morpho is a lending protocol that improves Compound by offering the same user experience, liquidity, and liquidation parameters while enhancing APY through a peer-to-peer matching mechanism.

[Steakhouse financial introduction]Steakhouse Financial provides financial reporting and analysis for DAOs (e.g., MakerDAO, LidoDAO, ENS) and crypto enterprises. It serves as a strategic advisor for Morpho and operates Morpho Vaults, including Real-World Assets (RWA).

2. Participation details & Yield rate:

Users stake USDC with an exit cycle of T+3 and an annualized yield rate of 10.29% (subject to fluctuations). Rewards include USDC + MORPHO + Points (loyalty points).

8.89% (Native Yield Rate) + 1.76% (Platform Rewards in MORPHO) - 0.44% (5% Performance Fee) + Points x 1 Multiplier

Note: This product has a 5% performance fee.

Performance fee explanation:

The Morpho Vaults protocol itself does not have governance, but individual vaults are managed by their respective smart contract owners. These owners can appoint administrators, guardians, and allocators to help manage the vault and can set performance fees to cover governance and operational costs. The fee is calculated as a percentage of the interest generated by the vault and can be set up to a maximum of 50%.

* Points measure user engagement within the Morpho Market Vault and serve as the basis for potential airdrop eligibility.

Current product data:：

Token	Total token deposits	Liquidity	7-day yield
USDC	81.48M	35.64M	12.9%

Exchange updates

Bybit CEO Ben Zhou has announced that Bybit’s hacker bounty platform, LazarusBounty, has released the version 1.1 update and will launch AO/USDT spot trading.
Bitget has announced that during Ramadan, it will collaborate with renowned humanitarian organizations, including the UN Refugee Agency and the UN World Food Programme, to donate 100,000 iftar meals to those in need while also launching a USDT saving campaign with an impressive APR of up to 20%.

Industry landscape

The encrypted lending platform Lantern Finance has completed a $1 million Pre-Seed funding round, participated in by Orange DAO.
High-performance memory infrastructure Optimum has completed a Builders funding round, participated in by Polychain CTO Abhijeet Mahagaonkar.
The US White House is set to welcome professionals in the cryptocurrency industry on March 7 for a first-of-its-kind summit.
The decentralized AI protocol Prime Intellect has completed a $15 million funding round, led by Founders Fund.
The US SEC has delayed its decision to either approve or deny the request from Fidelity Investments to list Options on its spot Ethereum ETF product.

Emerging projects

Token	BABY	GONE	SYMMETRA
Description	A memecoin on Solana, based on the concept of a pet deer captured by the US government. The idea was similar to PNUT at the time.	A memecoin on Solana, inspired by the "And It's Gone" meme from South Park (Season 13, Episode 3: Margaritaville, aired in 2009). In the scene, Stan deposits money in a bank, but the banker immediately puts it into a risky investment and bluntly states, "Aaand... it's gone!"	An AI Agent token on Solana, designed as an AI Agent fund manager that autonomously researches, trades, monitors, and manages portfolios while allowing anyone to deposit or withdraw funds.
Price	$0.00996	$0.002249	$0.0060
Market Cap（$）	9.96 million	2.24 million	6 million
Token Holders	9,912	2,685	2,317

Token	A47	OIIAOIIA	EZ
Description	A memecoin on Solana, based on AI Agents creating satirical political news. "A47" refers to owning 47 AI Agents for in-house content production.	A memecoin on Solana, inspired by the viral spinning cat meme from Web2. The meme became popular because whenever a pet cat sees the Spinning cat on screen, it goes wild, attacking the screen.	ez1.dev is an AI Agent designed to help developers easily build and create projects. It provides an intelligent development companion, simplifying the process of designing, developing, and launching projects. Solana co-founder Toly is also following this project.
Price	$0.008611	$0.007322	$0.001826
Market Cap（$）	8.61 million	7.32 million	1.82 million
Token Holders	3,980	6,613	5,439

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments.

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