24H Hot Cryptocurrencies and Key News｜Binance Plans to Add 5 New Regulatory Licenses in Asia This Year; Coinbase Launches Stock Trading Feature (March 5)
- Core View: Market data shows a broad rise in mainstream cryptocurrencies, alongside significant progress in compliance expansion, product innovation, and capital investment within the industry, reflecting an active and expanding crypto ecosystem.
- Key Elements:
- Market Performance: Major cryptocurrencies like BTC and ETH posted significant 24-hour gains, with MANTRA and CFG among the top gainers, indicating overall positive market sentiment.
- Compliance Expansion: Binance plans to add 5 new regulatory licenses in Asia to expand its global compliance footprint.
- Product Innovation: Coinbase officially launched its stock trading feature, and Backpack announced support for direct purchases of US stock IPO shares based on Solana.
- Institutional Adoption: Lamborghini announced it will accept Bitcoin payments, demonstrating cryptocurrency acceptance in the high-end consumer sector.
- Capital Dynamics: Stablecoin financial application ARQ, cloud service provider Akave, and sleep tech company Eight Sleep each secured tens of millions in USD in funding, showing continued capital inflow into crypto-related fields.
1. CEX Hot Tokens
Top 10 CEX Trading Volume and 24-hour Price Change:
- BTC: +6.91%
- ETH: +7.93%
- SOL: +3.97%
- XRP: +5.11%
- DOGE: +8.25%
- BNB: +4.01%
- PAXG: -0.05%
- MANTRA: +41.6%
- ADA: +4.83%
- ZEC: +8.88%
24-hour Gainers List (Data Source: OKX):
- CFG: +39.61%
- PHA: +28.47%
- ALLO: +16.45%
- HUMA: +11.05%
- RESOLV: +10%
- AGLD: +9.94%
- ZEC: +8.74%
- CVX: +8.5%
- PEOPLE: +7.83%
- DOGE: +7.76%
24-hour Crypto-Equity Gainers List (Data Source: msx.com):
- Bit Origin - MSX: +38.6%
- Gemini Space Station, Inc. - MSX: +33.23%
- Upexi, Inc. - MSX: +31.19%
- GraniteShares ETF Trust GraniteShares 2x Long COIN Daily ETF - MSX: +28.62%
- STKE - MSX: +20.97%
- Tidal Trust II Defiance Daily Target 2x Long MSTR ETF - MSX: +20.17%
- Sui Group Holdings Limited - MSX: +19.51%
- Defi Development Corp. - MSX: +18.16%
- Galaxy Digital Inc. - MSX: +17.75%
- Moderna - MSX: +16.4%
2. Top 5 On-Chain Meme Coins (Data Source: GMGN):
- Lobster (BSC)
- GIRAFFES (BSC)
- AGENT (BSC)
- Binance Lobster (BSC)
- agentball (BSC)
Headlines
Binance APAC Head Says Exchange Plans to Add 5 New Regulatory Licenses in Asia This Year
Binance's Asia-Pacific head, SBSeker, stated that Binance plans to add five new regulatory licenses in Asia this year, which would bring its total number of licensed jurisdictions globally to over 20. Currently, Binance has obtained regulatory authorization in Australia, India, Indonesia, Japan, New Zealand, and Thailand.
Coinbase Officially Launches Stock Trading Feature
Coinbase announced on platform X the official launch of its stock trading feature, stating that stock securities are provided by Coinbase Capital Markets, while digital asset services are provided by Coinbase Inc. and its affiliates. Eligible stocks support extended trading hours (5 days a week, 24 hours a day).
US February ADP Employment Change: 63K vs. 50K Expected, Previous 22K
US February ADP employment change came in at 63,000, compared to an expectation of 50,000 and a previous reading of 22,000.
Industry News
Singapore Has Seized 2.7 Billion RMB in Assets Linked to Chen Zhi's Prince Group
The Singapore Police Force announced that it arrested three Singaporeans between November last year and January this year on suspicion of money laundering related to the Prince Group. An arrest warrant has also been issued for another Singaporean woman, Chen Xiuling. To date, the total value of Singapore assets seized or prohibited from disposal in connection with this case exceeds S$500 million (approximately 2.7 billion RMB).
Lamborghini Announces Acceptance of Bitcoin Payments
The $20 billion market cap luxury sports car manufacturer Lamborghini has announced it will accept Bitcoin payments.
Project News
Prediction Market Predict.fun Completes Strategic Acquisition of Another Prediction Market, Probable
According to an official announcement, the BNB Chain-based prediction market Predict.fun has completed the strategic acquisition of another prediction market, Probable. Probable is an on-chain prediction platform incubated by PancakeSwap and YZi Labs.
Backpack Announces Support for US Stock IPO Share Purchases
According to an official announcement, Backpack, with support from infrastructure partner Superstate, now allows users to directly purchase US stock IPO shares on its platform. The purchased shares are real shares, with direct ownership recorded on the Solana blockchain. A waitlist registration is now open.
Investments & Financing
ARQ, a Latin American financial application focused on stablecoin services, has raised $70 million with participation from Sequoia Capital and Founders Fund. The company stated that the funds will be used for rebranding, hiring, and expanding into new business areas such as wealth management, local currency high-yield accounts, and credit.
Decentralized cloud storage solution provider Akave announced the completion of a $6.65 million seed funding round. Participants included CVP NLH Advisors, Protocol Labs, No Limit Holdings, Blockchain Builders Fund (BBF), Big Brain Holdings LLC, the Avalanche Foundation, and the Filecoin Foundation. Akave Cloud is built on the Layer 1 blockchain Avalanche and aims to support enterprises running data-intensive AI and analytics workloads. The new funds will primarily be used to expand sales and marketing.
Eight Sleep Secures Strategic Investment from Tether at a $1.5 Billion Valuation
Sleep technology company Eight Sleep announced a strategic investment from Tether at a $1.5 billion valuation. The investment amount is reportedly $50 million. Tether will leverage technologies from its QVAC architecture and other areas, along with QVAC's edge intelligence, to build AI-driven health technology to enhance Eight Sleep's products. Eight Sleep plans to build AI features on the QVAC platform to expand its application scope.
Stablecoin infrastructure provider Cyclops announced an $8 million funding round with participation from Castle Island Ventures, F-Prime, and Shift4 Payments. Specific valuation data was not disclosed.
