24H Hot Cryptocurrencies and Key News｜Iran Closes Strait of Hormuz, Global Oil Prices Soar; Polymarket's February Fee Revenue Nears $5 Million (March 4)
- Core View: The market exhibits risk-off sentiment, with mainstream cryptocurrencies broadly declining. Meanwhile, geopolitical tensions (potential closure of the Strait of Hormuz) are pushing up oil prices and related short-selling assets. The industry continues to advance in regulatory approvals, technological infrastructure (e.g., AI agents), and institutional deployment.
- Key Elements:
- Divergent Market Performance: Mainstream coins (e.g., BTC, ETH) generally fell over 1% in 24 hours, while the gainers list is led by small-cap tokens like PHA (+48.74%), indicating capital is seeking localized opportunities.
- Escalating Geopolitical Risks: Iran's threat to close the Strait of Hormuz could block 20% of global oil transport. Goldman Sachs warns this could push oil prices to $85/barrel and exacerbate inflationary pressures in Asian emerging markets.
- Regulatory and Product Innovation: Abu Dhabi has approved Ondo Finance to list tokenized stocks and ETFs on Binance, a first under this regulatory framework, providing a compliant path for traditional asset tokenization.
- Technological Infrastructure Development: Solana has launched an AI Agent Trust Layer (Agent Registry), aiming to provide identity verification and reputation systems for on-chain AI agents, expanding blockchain's foundational applications in the AI field.
- Institutional Views and Moves: Bridgewater founder Ray Dalio questions Bitcoin's viability as a long-term store of value, while institutions like DWF Labs reveal they have purchased large amounts of altcoins awaiting a market rebound, highlighting divergent strategies among market participants.
1. Hot Tokens on CEXs
Top 10 CEX Trading Volume and 24-hour Price Changes:
- BTC: -1.22%
- ETH: -2.88%
- SOL: -0.32%
- PAXG:-4.01%
- BNB:-1.18%
- XRP:-2.3%
- DOGE: -4.02%
- NEAR:-1.43%
- ADA:-4.54%
- ZEC: -0.79%
24-hour Top Gainers (Data source: OKX):
- PHA：+48.74%
- AIBXT：+20.85%
- MEME：+16.13%
- SAHARA：+14.92%
- KITE：+10.48%
- XPL：+9.24%
- BARD：+8.77%
- KAITO：+8.7%
- KMNO：+7.16%
- CHZ：+6.24%
24-hour Top Gainers for Tokenized Stocks (Data source: msx.com):
- 2x Short Silver Spot - MSX：+15.79%
- Direxion Daily Semiconductor Bear 3X Shares ETF - MSX：+15.08%
- AeroVironment, Inc. - MSX：+9.01%
- 2x Short Gold Spot - MSX：+8.62%
- Ast Spacemobile, Inc. - MSX：+7.18%
- FTSE China 50 3x Inverse Daily ETF - MSX：+6.99%
- T-Rex 2X Inverse MSTR Daily Target ETF - MSX：+6.81%
- Quantum Biopharma Ltd. - MSX：+6.67%
- 2x Daily Short TSLA - MSX：+5.94%
- ProShares UltraShort Ether ETF - MSX：+5.43%
2. Top 5 On-Chain Meme Tokens (Data source: GMGN):
- Lobster (BSC)
- GIRAFFES (BSC)
- AIBinance (BSC)
- AI gent (BSC)
- 4 (BSC)
Headlines
Iran Claims Strait of Hormuz is Closed, "Will Not Let a Drop of Oil Flow Out"
Ebrahim Jabari, an advisor to the commander of Iran's Revolutionary Guards, said on Monday that the Strait of Hormuz is closed, Iran will fire on any vessel attempting to pass, and will attack oil pipelines and transportation lines. This is the clearest warning from Iran since it informed ships on Saturday that it would close this export route. This move could block one-fifth of global oil shipments and drive a significant rise in crude oil prices.
Polymarket's Trading Fee Revenue Nears $5 Million in February
According to data compiled by Gate Research on Dune, since starting to charge trading fees on certain markets on January 6, Polymarket has accumulated approximately $7.94 million in fee revenue, with February's fee revenue around $4.99 million.
Odaily Note: Markets where Polymarket currently charges fees temporarily include "15-minute Cryptocurrency Ups & Downs" and sports markets like Serie A and NCAA.
Vitalik: Ethereum Should Build "Refuge Technology"
Vitalik posted on social media, stating that concerns about the expansion of government and corporate power, privacy erosion, and disorder on social platforms are intensifying, while Ethereum's role in improving real life remains limited. He proposed that Ethereum should be positioned as part of building "refuge technology"—providing users with a robust space for collaboration and value management through open-source, decentralized technology, rather than solely focusing on finance or pursuing "disrupting the world."
Industry News
Fed's Schmid: Substantial Fiscal Stimulus Measures to be Introduced in 2026
Fed's Schmid: Need to monitor the macro situation, bring inflation down to 2%; substantial fiscal stimulus measures will be introduced in 2026.
Goldman Sachs Warns Asian Emerging Markets, Strait of Hormuz Blockade Could Drive Inflation Higher
Goldman Sachs analysts noted in a research report that a prolonged Middle East conflict could put pressure on Asian emerging economies. Goldman estimates that if the Strait of Hormuz closes for six weeks, oil prices could be pushed to $85 per barrel. In this scenario, inflation in the region could rise by about 0.7 percentage points, with the Philippines and Thailand being the most sensitive. Supply disruptions could drag down the region's real GDP growth by an average of 0.5 percentage points, with Singapore being the most severely affected. Goldman added that the current account balances of almost all countries in the region could deteriorate, led by Thailand and Singapore.
Project News
Abu Dhabi's global market regulator has approved the listing of Ondo Finance's tokenized stocks and ETFs on Binance's regulated trading platform. The approved products include tokenized versions of Amazon, Alphabet, Apple, Circle, Meta, Microsoft, Nvidia, Tesla, and the Invesco QQQ ETF. This is the first time Abu Dhabi Global Market has approved the trading of tokenized securities under its regulatory framework, allowing financial institutions, intermediaries, and counterparties in the United Arab Emirates to trade digital stocks.
Avantis: Season 2 Airdrop Claim Opens on March 6 at 7:30
Avantis, a leading decentralized derivatives exchange on Base, officially announced that the Season 2 airdrop claim will open at 23:30 UTC on March 5 (7:30 Beijing Time on March 6).
Solana Launches AI Agent Trust Layer Agent Registry
Solana announced on X that the AI Agent Trust Layer, Agent Registry, is now live on Solana. Agent Registry natively introduces identity, reputation, and verification registries to the Solana network, providing each agent with a verified identity profile including agent identity, functionality, and owner information; recording the agent's operational history; and supporting third-party independent verification of the agent's work. Agent Registry is the Solana implementation of the ERC-8004 protocol, developed by Quantu AI, aiming to provide agents with discovery and trust mechanisms.
Investment & Financing
YZi Labs Commits $100 Million Investment to HashGlobal's BNB Holding Fund
YZi Labs posted on X, stating that YZi Labs has committed to investing $100 million into @HashGlobal's BNB holding fund. YZi Labs lead ellazhang shared the thesis that BNB has become an attractive yield-bearing foundational public asset, powering future financial infrastructure.
Voices
Bridgewater Founder Says Bitcoin Unsuitable as Long-Term Store of Value
Bridgewater founder Ray Dalio stated on the All-In Podcast that Bitcoin is unsuitable as a long-term store of value or safe-haven asset, citing reasons including the lack of central bank backing and remaining uncertainties regarding privacy protection and quantum resistance.
Ray Dalio said Bitcoin struggles to become "digital gold," noting that gold is one of the important reserve assets held by central banks. He pointed out that it's difficult to understand why central banks would buy and hold Bitcoin long-term.
Tom Lee: Expects US Stocks and Crypto Assets to Rise in March
BitMine Chairman Tom Lee posted, stating that despite war-related news disturbing market sentiment, he still expects US stocks to rise overall in March, potentially led by MAG7, the software sector IGV, and crypto assets BTC and ETH. He also mentioned that BitMine is still buying ETH on a weekly basis.
DWF Labs Co-founder: Bought Large Amounts of Altcoins Awaiting Market Rebound
DWF Labs Co-founder Andrei Grachev posted on X, stating, "Over the past month, we have bought large amounts of altcoins, BTC, and BNB, waiting for the market to rebound, when unprecedented market activity will emerge."
