JUST IN: 160 million worth of Bitcoin shorts liquidated in the past 4 hours.
According to the latest report from CoinShares, digital asset investment products have experienced fund outflows for the third consecutive week. Last week, the outflow amount reached a record high of $2.9 billion, with a cumulative outflow of $3.8 billion over three weeks. Bitcoin was hit the hardest, with an outflow of $2.59 billion last week and a small inflow of $2.3 million from short selling Bitcoin products. The outflow of funds mainly came from the United States (2.87 billion US dollars), Switzerland (73 million US dollars), and Canada (16.9 million US dollars), but German investors took advantage of the low price to absorb and inflow 55.3 million US dollars. Ethereum set a record for the largest outflow in a single week, reaching $300 million, with Solana and Ton experiencing outflows of $7.4 million and $22.6 million, respectively. Sui performed the best, with inflows of $15.5 million and XRP inflows of $5 million. Blockchain stocks were also not spared, with an outflow of $25.3 million. CoinShares analysis believes that the Bybit hacking incident, the hawkish stance of the Federal Reserve, and the total inflow of $29 billion in the previous 19 weeks have weakened market sentiment and triggered some profit taking.
Odaily Planet Daily News: According to 0xTodd, a partner at Wuwei Capital and a crypto KOL, a reminder was posted on the X platform that Ripple Labs, the company behind Ripple, has owned all 100 billion XRP tokens from the beginning. In its token economy model, there is no mining, no IC0, no distribution, no token economy, and no 3,3 model, only a simple and crude "80% belongs to the company; 20% belongs to the founder". In 2017, the project self locked 55 billion XRP tokens and agreed to sell a maximum of 1 billion tokens per month to achieve huge profits.
According to Foresight News, Binance has announced that it is making changes to the availability of stablecoins in the European Economic Area (EEA) that do not comply with MiCA regulations, in accordance with the latest guidance from EU authorities on stablecoins, to meet regulatory requirements. The affected assets include USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. Stable currency pairs (such as USDC and EURI) and fiat currency pairs (EUR) that meet MiCA standards are still available and remain unchanged.
According to official sources, OKX has now launched the "Contract Martingale Package Voucher Carnival Season" event. The event will be held from 16:00 on March 3, 2025 (UTC+8) to 16:00 on March 17, 2025 (UTC+8). New users can receive a 10 USDT compensation voucher, with a total prize pool of up to 50000 USDT. Each user is limited to one claim, on a first come, first served basis. It is reported that new users of OKX contract Martingale strategy will create any contract Martingale strategy of SOL/USDT, BTC/USDT or ETH/USDT for the first time according to the activity requirements, and keep the strategy parameters unchanged. If the strategy ultimately fails to make a profit, OKX will compensate for the loss based on the valid coverage voucher amount. Users need to create a policy within 8 hours after receiving the compensation voucher, otherwise the voucher will automatically expire and return to the prize pool, and the user cannot receive the voucher again. Click on the link to participate immediately: https://www.okx.com/zh-hans/campaigns/botcampaigns6-dca
Crypto detective ZachXBT pointed out that XRP addresses related to Ripple co-founder Chris Larsen still hold over 2.7 billion XRPs (approximately $7.18 billion). Some of these addresses transferred XRP worth over $109 million to the exchange in January 2025. ZachXBT also listed these addresses and mentioned that some of them had not been traded for 6 to 7 years, possibly due to Chris Larsen losing access or funds being transferred to others in February 2013. In addition, he mentioned that Chris Larsen was hacked last year, resulting in losses of up to $112 million.