Significant events in the crypto market (end of February and beginning of March 2025):
Significant price drop and market volatility:
The market experienced a significant decline, as Bitcoin fell below $80,000, marking a 25% drop from its historical peak. The total market capitalization of cryptocurrencies also shrank to about $2.81 trillion by March 1, 2025, after previously being higher. This was termed by some analysts as the 'Trump-dump,' linked to President Trump's tariff threats and the broader withdrawal from risk assets.
Next week will be important for financial markets due to several key events in the US. Speeches by representatives of the Federal Reserve (FED): Senior FED officials will deliver speeches that may provide guidance on future monetary policy, interest rates, and economic outlook. Investors are closely monitoring these statements for signals regarding the economic direction.
The DeFi protocol Cetus, operating on blockchain $SUI , was the subject of a hacker attack during which assets worth approximately **223 million dollars** were stolen. The attack targeted the smart contracts of Cetus, with hackers managing to drain liquidity pools, resulting in significant losses for liquidity providers. As a result, tokens in the Sui ecosystem, including $SUI , experienced declines between 70% and 90% in a short time.
After the attack, Cetus halted its smart contracts to prevent further losses. The protocol worked in collaboration with other DeFi platforms, the Sui Foundation, and Sui validators to resolve the issue.
Here are some lesser-known facts about **dogwifhat (WIF)** that are not widely circulated:
1. **Limited Pre-Sale**: The WIF pre-sale was extremely exclusive, with only 29 people participating, receiving 18% of the total token supply. Each participant paid 0.6 SOL per wallet, resulting in significant airdrops for early investors. This information has not been widely discussed outside the close circles of crypto enthusiasts.
**What happened?** According to recent reports, Robinhood, a popular trading platform for stocks and cryptocurrencies, has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a regulatory framework for the tokenization of real-world assets (RWA). The plan includes launching an RWA exchange that will use the blockchain networks Solana and Base and will comply with regulations. This is perceived as extremely positive news ('bullish signal') for tokens associated with RWA, as it may stimulate their adoption and market value.
One thing I've been observing lately is how market makers (MM) often mislead retail traders by using bullish and bearish engulfing candles. Retail traders tend to take long positions as soon as they notice a bullish engulfing candle - but more often, MM drives the price down right from the opening of the next candle and catches those long positions.
Similarly, when they notice a bearish engulfing candle, they rush to short positions, but MM accumulates the price with the opening of the next candle and catches those short positions.
Now look at this bearish engulfing candle on ETH - personally, I don't fall into this trap. Unless we see a clear break below the yellow line, there is no valid trigger for a short position. As long as we stay above the yellow line, this candle shouldn't worry you.
So the next time you see a bullish or bearish engulfing candle, don't trust it blindly. Either wait for the next candle to close, or even consider taking the other side of the trap.
What is Quant Network and Overledger? Quant Network is a company founded in 2018 in London by Gilbert Verdian (former CEO in the cybersecurity and financial technology sector). The main product of Quant is Overledger, described as "the first operating system for blockchain interoperability." Overledger is not a standalone blockchain but rather a layer that allows different blockchain networks (such as Ethereum, Bitcoin, Hyperledger, Corda, etc.) and traditional systems (e.g., banking APIs) to communicate with each other.
They say the most undervalued token is $LINK , but I will add my own candidate. Why $LINK (Chainlink) may be undervalued: Unique role: Chainlink is a leading decentralized oracle network that connects smart contracts with real-world data. Without oracles like Chainlink, many DeFi, NFT, and other blockchain applications would not be able to function.
According to some theories, this is the last upward wave for $ETH , after which we are down in three steps. This theory consists of 5 steps, and all 4 so far have occurred in the 4-hour session.
If you want to delve deeper 👉 The theory is called Elliott Waves.
JPMorgan Chase, one of the largest banks in the world, conducted its first public transaction using blockchain technology. This transaction involves the transfer of tokenized government securities (treasury transfers), meaning that traditional financial assets have been converted into digital tokens that are managed on a blockchain network. For this purpose, the bank utilized the technologies of Chainlink, which provides reliable data and connection between the blockchain and external systems, and Ondo, a platform for asset tokenization. This is an important step towards integrating blockchain into financial operations, enhancing the transparency, security, and efficiency of transactions.
Look, I don't understand more than you nor am I a prophet, but I love to dig and read. My advice to those who want to engage in this is to spend more time reading than on the platform. It is essential to join Twitter now X (if you haven't already) to have an edge over the market and crypto gurus; join analysts, developers, politicians, communities, companies, and read opinions and gossip to have a broader perspective on the market. There are many people who know more than me, than you. The chart won't run away; information is the chart.
The first transaction on Solana Mainnet with Chainlink CCIP (Cross-Chain Interoperability Protocol) is a significant event for the blockchain ecosystem, as it marks the integration of Solana with Chainlink's cross-chain interoperability protocol. Let me explain it briefly and clearly: What is Chainlink CCIP? Chainlink CCIP is a protocol that enables different blockchain networks to communicate with each other by transferring data, tokens, or executing commands between chains (e.g., between Solana and Ethereum). It facilitates the creation of applications that operate across multiple blockchain ecosystems without relying on centralized intermediaries.
TRUMP: There is no inflation, prices are down everywhere and it is time for the Federal Reserve to lower interest rates, just like in Europe and China.
He says that "Powell's too late decision" hurts America's chance to thrive.
Dubai accepts payments with Bitcoin and other cryptocurrencies for government services. According to the latest news from the Dubai Department of Finance, it has signed an agreement with the platform Crypto.com to allow citizens and businesses to pay fees for government services with cryptocurrencies. This initiative is part of Dubai's cashless payment strategy (Dubai Cashless Strategy), which aims for 90% of transactions in the public and private sectors to be cashless by 2026.
What does this mean in practice? People and companies will be able to use Crypto.com digital wallets to pay for services such as parking, licenses, or other fees to the government. Payments with cryptocurrencies will be converted into the local currency (dirhams) before being deposited into government accounts. Stable cryptocurrencies (stablecoins) are expected to be used to ensure secure and seamless transactions. This step is important because Dubai aims to be a global leader in innovation and financial technology.