24H Hot Cryptocurrencies & Key News｜Crypto Market Rebounds, BTC Touches $70,000; Nasdaq Enters Prediction Markets (March 3)
- Core View: Market data shows a broad-based rise in mainstream cryptocurrencies. Concurrently, industry dynamics are focused on the rapid development of prediction markets and their significant impact on related ecosystems (such as Polygon), as well as the continued exploration of the crypto space by traditional financial institutions and large tech companies.
- Key Elements:
- Market Performance: Popular tokens on CEXs generally rose, with NEAR leading the top 10 by trading volume with a +17.44% gain; on the OKX gainers list, DORA, NEAR, and others saw gains exceeding 19%.
- Industry Dynamics: Nasdaq plans to launch binary options based on the Nasdaq 100 index, formally entering the prediction market.
- Ecosystem Impact: Driven by increased trading activity on the prediction market Polymarket, the burn volume of POL tokens on the Polygon network reached 28.2 million in February, setting a new historical record.
- Institutional Moves: A consortium of 12 European banks plans to launch a euro stablecoin in the second half of 2026; Trump Media & Technology Group is considering spinning off Truth Social to prioritize crypto business development.
- Project Adjustments: Solana ecosystem NFT marketplace Magic Eden announced it will cease support for Ethereum and Bitcoin NFT markets, potentially shifting its business focus.
1. Hot Tokens on CEXs
Top 10 CEX Tokens by Trading Volume and 24h Price Change:
- BTC: +3.07%
- ETH: +2.76%
- SOL: +1.43%
- XRP: +1.33%
- PAXG: +0.11%
- BNB: +2.62%
- DOGE: -0.43%
- NEAR: +17.44%
- SUI: +1.86%
- PEPE: +1.15%
24h Top Gainers (Data Source: OKX):
- DORA: +19.72%
- NEAR: +18.99%
- AIXBT: +13.65%
- PHA: +13.18%
- SAHARA: +12.24%
- VIRTUAL: +10.56%
- ETHW: +9.64%
- MORPHO: +9.35%
- LSK: +7.91%
- XCH: +7.7%
24h Top Gainers - Tokenized Stocks (Data Source: msx.com):
- Upexi, Inc. - MSX: +28.95%
- AXT Inc - MSX: +23.48%
- Figure Technology Solutions - MSX: +17.56%
- Coherent Corp. - MSX: +16.2%
- Hyperion Defi, Inc - MSX: +15.25%
- Circle Internet Group, Inc. - MSX: +14.45%
- Ast Spacemobile, Inc. - MSX: +13.41%
- Hims & Hers Health, Inc. - MSX: +13.36%
- Lumentum Holdings Inc. Common Stock - MSX: +11.79%
- Tidal Trust II Defiance Daily Target 2x Long MSTR ETF - MSX: +11.56%
2. Top 5 On-Chain Meme Coins (Data Source: GMGN):
- Lobster (BSC)
- Freedom of Money (BSC)
- AI Palworld (BSC)
- MILADY (BSC)
- BAGA (BSC)
Headlines
Nasdaq Enters Prediction Markets, Plans to Launch Nasdaq 100 Binary Options
Nasdaq Inc. plans to launch an options contract that allows "yes or no" bets on major stock indices, becoming the latest exchange operator to enter the fast-growing prediction market. According to a rule change proposal submitted to the U.S. Securities and Exchange Commission, the company wants to list "binary options" on its flagship Nasdaq-100 Index and the Nasdaq-100 Micro Index.
Opinion founder Forrest stated in the official Discord that, given current market conditions, he hopes community members lower their expectations for the S1 season token airdrop. Furthermore, he emphasized a greater focus on S2 season rewards. Opinion has launched an airdrop query website, but possibly affected by the community's disappointment over the S1 airdrop quantity falling short of expectations, Opinion's TVL plummeted to $39 million, a drop of over 50% in 24 hours (yesterday's TVL was $90 million).
Consortium of 12 European Banks Aims to Launch Euro Stablecoin in Second Half of 2026
The Qivalis consortium, consisting of 12 European banks, is advancing a plan for a euro-pegged stablecoin, targeting commercial launch in the second half of 2026. Consortium members include CaixaBank, BNP Paribas, ING, UniCredit, BBVA, Danske Bank, DZ Bank, SEB, KBC, Raiffeisen Bank International, DekaBank, and Banca Sella.
Industry News
South Korean Finance Minister Pledges Reform After Mishandling of Cryptocurrency
South Korea's Deputy Prime Minister and Minister of Economy and Finance, Choo Kyung-ho, pledged a comprehensive reform of how the country's public institutions handle digital assets. This follows a series of incidents that exposed weaknesses in the government's custody and oversight of seized cryptocurrency.
Addressing community concerns sparked by X's announcement of a "Paid Partnership" label feature, X Product Lead and Solana advisor Nikita Bier clarified that the feature is not specifically targeting prediction markets. The "Paid Partnership" label is for marking commercially promoted content. Bier stated that X's core value lies in providing the "real human pulse," and while the platform encourages creators and brands to engage in commercial partnerships on X, undisclosed promotions harm product integrity and erode user trust in content. The new feature will help creators meet regulatory compliance and, more importantly, enhance transparency with fans by clearly distinguishing between commercial partnerships and organic content. He specifically noted, "Anyhow, I love prediction markets."
Project News
Driven by Polymarket Trading Activity Growth, Polygon's POL Burn in February Also Hits Record High
Polygon officially posted on X that POL burn in February reached a record high, with a total of 28.2 million POL burned. Previously, it was reported that the trading volume of Polygon's key ecosystem application, the prediction market Polymarket, also hit a historic high in February.
Trump Media & Technology Group stated it is considering spinning off its social platform TruthSocial as a separate publicly traded company to strategically prioritize the advancement of cryptocurrency-related businesses. The company said it is in discussions with energy fusion startup TAE Technologies and Texas Ventures Acquisition III regarding a potential transaction, with the latter intending to take control of the TruthSocial platform.
The arrangement is based on a merger agreement reached by both parties last December, valuing the deal at over $6 billion. The plan includes first spinning off to establish a new public company named SpinCo, which would then merge with Texas Ventures III, with SpinCo shares distributed to existing shareholders. The company launched its fintech brand Truth.Fi in 2025 and established a Bitcoin reserve, holding over 11,500 BTC.
Solana-based NFT marketplace MagicEden will gradually cease support for Ethereum Virtual Machine and Bitcoin Runes and Ordinals markets. CEO and Co-founder Jack Lu stated that the relevant markets will cease operations starting March 9th, the Bitcoin API will shut down on March 27th, and crypto wallet services will end on April 1st.
