KEYTAKEAWAYS
- Berkshire Hathaway maintains traditional investment focus while actively avoiding crypto mentions, signaling continued institutional resistance to digital assets.
- Major exchanges demonstrate industry solidarity through Bybit's recovery, showcasing crypto market's maturity in crisis management.
- Stablecoin market reaches $226.11B while Layer 2 TVL hits $37.39B, indicating sustained growth in crypto infrastructure.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. Buffett’s Annual Letter Maintains Traditional Focus
Berkshire Hathaway’s Chairman Warren Buffett emphasized in his annual shareholder letter that despite substantial cash holdings, the company’s primary focus remains on stocks, particularly U.S. equities. While listed stock investments decreased from $354B to $272B, unlisted equity holdings have significantly increased. The company continues to increase yen-denominated borrowings while maintaining currency neutrality, notably omitting any mention of cryptocurrencies.
2. Golem Network’s Strategic ETH Sale
Golem Network, which raised 820,000 ETH in their 2016 ICO, has sold approximately 7,250 ETH ($20M) over two days, distributing 6,200 ETH and 1,050 ETH to various exchanges.
3. Stablecoin Market Cap Achieves New Milestone
The total stablecoin market capitalization has reached $226.11B, showing a 7-day increase of $12.14B (+0.54%). USDT dominates with 63.11% market share.
4. Bybit Secures Major Recovery Support
Following the recent hack, Bybit received loan support of approximately 120,000 ETH ($320.97M) from five investors, including BitGet and Binance, demonstrating strong industry solidarity.
5. CZ’s DEX Learning Experience
Former Binance CEO Changpeng Zhao publicly shared his challenges with DEX trading, spending 27 minutes on a TST token purchase and seeking community input on managing an unexpected $1M crypto receipt. The TST token, originally a tutorial asset, gained significant traction after being featured in a BNB Chain demo.
NOON NEWS
1. MANTRA (OM) Sets New Price Record
MANTRA’s OM token surpassed $9, reaching an all-time high amid significant institutional activity, including a 22,600 ETH deposit to Bybit and Fenbushi Capital’s 10,000 ETH transfer.
2. CryptoQuant Research on Bybit Recovery
CryptoQuant’s research head Julio Moreno reported that Bybit’s Ethereum reserves are steadily recovering, with net inflows reaching 139,000 ETH since the hack.
3. Grok Voice Beta Launch
Elon Musk announced the release of Grok Voice’s beta version on the Grok App, acknowledging potential initial issues while assuring upcoming improvements.
4. Layer 2 TVL Growth
Ethereum Layer 2 networks’ total value locked reached $37.39B, showing a 2.59% weekly increase according to L2BEAT data.
5. Bitdeer Expands Bitcoin Holdings
Mining company Bitdeer added 50 BTC worth $4.82M to its treasury, bringing total holdings to 911 BTC.
EVENING NEWS
1. Ethereum Price Milestone
ETH surpassed $2,800, trading at $2,812.81 with a 24-hour increase of 4.4%.
2. Market Sentiment Indicator Update
The cryptocurrency Fear and Greed Index stands at 50, indicating neutral sentiment, down from last month’s average of 75.
3. Bybit’s ETH Reserve Recovery
Bybit has recovered approximately 70% of its ETH reserves following the $1.4B hack, now holding around 308,100 ETH.
4. BNB Chain TVL Program Extension
BNB Chain announced a one-month extension of its TVL Incentive Program, with the new deadline set for March 21, 2025.
5. Industry Leaders Compare Banking and Crypto Security
A discussion emerged comparing traditional banking and crypto exchange crisis responses, with CZ noting that most banks lack $1.4B in liquid assets. Bitinning founder Kashif Raza highlighted the crypto industry’s swift recovery capabilities compared to traditional banking protocols.
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