ChainCatcher news, Zhu Su, co-founder of Three Arrows Capital, stated that the rise of CeDeFi is the biggest negative for Ethereum, as it means that a large amount of business logic that was originally expected to run on distributed networks as open-source smart contracts has actually turned into closed-source code running on a single server.Zhu Su believes that Ethereum needs to embrace use cases that benefit from global distributed computing and anti-censorship characteristics, including some cypherpunk-style applications (such as privacy protection) and yet-to-be-developed low-hanging fruits.He pointed out that if Ethereum itself does not perform well, decentralized finance will find it difficult to rise again, because in a world where validator decentralization and demand for smart contracts are low, people can choose to operate off-chain to save time and money.

ChainCatcher news, according to Lookonchain monitoring, Longling Capital withdrew 10,001 ETH (worth 19.16 million USD) from Binance.8 hours ago, Longling Capital deposited 21,000 ETH (worth 38.81 million USD) into Binance.During the market crash on June 14 and 15, 2022, Longling Capital was liquidated on-chain for 93,793 ETH (worth 114 million USD). Currently, Longling Capital's health rate on Aave is 1.82, with a liquidation price of 1,048 USD.

ChainCatcher news, the expectation that Trump's second term would drive market gains has evaporated. At Trump's inauguration, the wealth of many billionaires sitting behind him has astonishingly shrunk.According to the Bloomberg Billionaires Index, the combined wealth of five individuals has evaporated by as much as $209 billion. Compared to the day of Trump's inauguration (January 20), Musk's personal net worth has decreased by $148 billion, Bezos's personal wealth has dropped by $29 billion, Google co-founder Brin has lost $21 billion, and Zuckerberg and Arnault have seen their fortunes shrink by $6 billion and $5 billion, respectively. The total wealth of these five billionaires has decreased by $209 billion. Just yesterday alone, the combined net worth of the five billionaires plummeted by $49.78 billion.

ChainCatcher news, the Base official Twitter account has posted a tweet about Grok using Clanker-Bankr to launch tokens, stating that the wallet controlled by Grok has started charging fees. Kawz, the founder of time.fun, strongly criticized this, stating that products built on the Base network for months have never received a tweet from the Base official account, while some posters guiding Grok and issuing tokens have received coverage from Base. It is worth noting that time.fun had previously received investment from Coinbase Ventures, but migrated from Base to Solana a few weeks ago, gaining support from Solana co-founder toly and others.

ChainCatcher message, Ember monitoring, 15 minutes ago, Longling Capital transferred 21,000 ETH (approximately 38.81 million USD) to Binance.

ChainCatcher news, according to the Straits Times, Singapore's Minister of State for Home Affairs Sun Xuelin stated that last year, cryptocurrency scams accounted for a quarter of the total losses from fraud. In the highest-value scam case last year, the victim clicked on a fake meeting link, downloaded and ran malicious code on their computer, resulting in a loss of approximately 125 million Singapore dollars.Sun Xuelin mentioned that, in addition to malware, scammers also design fake websites, send phishing links, or use "pump and dump" tactics to inflate the prices of memecoins before causing them to plummet. "Our advice to the public is to stay away from cryptocurrencies. The risk of being 'burned' is very high, and if you become a victim of a scam, the chance of recovering even a cent is very slim."

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, the U.S. Senate passed the Congressional Review Act (CRA) proposed by Senator Ted Cruz with an overwhelming majority of 70-27, overturning the IRS's regulatory rules on DeFi brokers. The resolution has now been submitted to the House for consideration.

ChainCatcher news, Immutable co-founder Robbie Ferguson stated on social media, "After communicating with more than 20 major hedge funds at the Consensus Hong Kong conference, it was found that institutional interest in investing in Web3 far exceeds expectations, reaching 10 times the original forecast. Large institutional investors are actively seeking new investment angles, with one fund completing a round of financing in just 3 months, whereas similar financings used to take a whole year."Previous news, Immutable co-founder Robbie Ferguson stated on X that tomorrow he will announce the third game being built on Immutable with billions of dollars in support.

ChainCatcher message, according to SoSoValue data, yesterday (Eastern Time March 3) saw a total net outflow of $74.19 million from Bitcoin spot ETFs.Yesterday, Blackrock's ETF IBIT had a net outflow of $77.97 million, and the historical net inflow for IBIT is currently $39.63 billion.The Bitcoin spot ETF with the highest net inflow yesterday was the ETF ARKB from Ark Invest and 21Shares, with a net inflow of $58.18 million, bringing the historical total net inflow for ARKB to $2.78 billion.Grayscale's Bitcoin Trust ETF GBTC had a net outflow of $54.39 million yesterday, and the historical total net outflow for GBTC is currently $22.35 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $97.26 billion, with an ETF net asset ratio (market cap compared to total Bitcoin market cap) of 5.70%, and the historical cumulative net inflow has reached $36.87 billion.

ChainCatcher news, according to on-chain analyst The Data Nerd, a wallet suspected to belong to Longling Capital withdrew 2,000 ETH (approximately $4.1 million) from Binance exchange 3 hours ago and deposited it into the Aave protocol. The wallet currently has a total deposit of 73,302 Ether (approximately $15.1 million) on Aave, while borrowing 47.4 million USDT and 16.22 million USDC.

ChainCatcher news, according to Dune data, the Ethena stablecoin USDe experienced its largest single-day redemption ever on March 1, totaling $268 million, which reduced the circulating supply of USDe by approximately 4.7%.Data shows that this redemption activity was primarily driven by two large holders: address 0x59...705d redeemed about 180 million USDe, while Sky redeemed about 70 million USDe.

ChainCatcher news, according to crypto analyst Miles Deutscher's post on the X platform, XRP holding whales are selling tokens at record levels. Since the price increase of over 500% in November 2024, large position holders have been actively selling, and XRP seems to be in a large distribution phase.According to the Crypto Quant data shown in the accompanying image, the 90-day average line for XRP indicates that recent daily sell-off trading volumes by XRP whales have reached around $120 million to $180 million.

ChainCatcher news, Binance founder Zhao Changpeng posted on social media about the differences in communication styles between Eastern and Western cultures: "In English, the clearer you are, the better. Sometimes, not being explicit can lead to legal responsibilities. In Chinese, it's better to be indirect. If you are too straightforward, others often interpret it as the opposite. My communication style is to translate English into Chinese. Please just understand the literal meaning. Don't overthink it."

ChainCatcher news, Binance founder Changpeng Zhao posted on social media, "I haven't talked to celebrities issuing tokens on the BNB Chain. I strongly agree with supporting constructive projects. I'm chatting with many entrepreneurs."

ChainCatcher news, according to Coinglass data, in the last 24 hours, the total liquidation amount across the network reached 952 million USD, with long positions liquidated at 825 million USD.A total of 227,621 people were liquidated globally. The largest single liquidation occurred on HTX - BTC-USDT worth 38.007 million USD.

ChainCatcher news, according to Hong Kong media Ming Pao, Hong Kong Financial Secretary Paul Chan stated during the announcement of the "Budget" that a second virtual asset policy declaration is set to be published. Sources indicate that the declaration is expected to be released in the second quarter. The new policy declaration will increase the emphasis on market development and better balance development and regulation. Additionally, the scope of the policy document will be broader, not only involving individual departments such as the Securities and Futures Commission or the Monetary Authority, and there is no intention for a single agency to regulate virtual assets.

According to ChainCatcher news, monitoring by Ember shows that the second largest holder of the MELANIA token sold off their position 2 hours ago. This investor previously bought 6.688 million MELANIA at a price of $1.50, investing a total of 10.07 million USDC. Today, they sold all at a price of $0.937, recovering only 6.267 million USDC, resulting in a single transaction loss of up to $3.739 million.

ChainCatcher message, former Three Arrows Capital founder Zhu Su stated, "The concept of bullish sell-off is simple: tokens move from weaker hands to stronger hands, and value also shifts to better tokens. I will let you know when a bearish sell-off occurs, but I haven't seen one this year."