Lookonchain monitoring shows that in the past four days, a new wallet has extracted 6,660 BTC worth about $445 million from Kraken.

According to market trends, BTC has fallen below $66,000 and is currently trading at $65,999.9, with a daily increase of 1.98%. The market is volatile, so please be cautious and manage your risks.

According to The Block data on March 4th, after reaching a high of $66,405, Bitcoin's circulating market value reached $1.303 trillion, surpassing the record market value of $1.302 trillion in November 2021.

Bitcoin touched $66,000, hitting a new high since November 2021, with a 4.8% increase within the day. The market is volatile, so please be prepared for risk control.

According to Bitcoin Magazine, Bitcoin has just surpassed the Swiss franc (CHF) to become the world's 13th largest currency. According to data from 8marketcap, the current market value of Bitcoin has risen to $1.2826 trillion, surpassing META and becoming the ninth largest asset in the world.

Bitcoin prices have dropped sharply, cutting mining revenues in half even before the actual incoming halving This situation will undoubtedly bring the ‘mining death spiral’ argument back to the forefront of the bitcoin media cycle ‘Mining death spirals’ do not actually happen in real life — they are highly theoretical edge cases without any historical real-world precedent Mining cost is largely a function of the difficulty, this is a dynamic metric determined by the protocol itself and it can adjust both up and down to keep block times at 10 minutes on average

1.Web3 gaming platform Portal launches BuildingBlocks Foundation2.Ordinals Developers: Block 832849 and the Runestone Matrix Inscription have been completed in partnership with OrdinalsBot and Marathon Digital3.OKX Ventures announces additional investment in Ethereum second-layer network Taiko4.This morning, a total of more than 300 million DOGE were transferred from Binance, worth more than $50 million.5.ARKB becomes the second largest holding of ARK Invest’s fund ARKW, with a weight of 9%6.FTX has started official liquidation and will compensate customers for Bitcoin at a price of US$16,8717.Ordinals developer: Runestone dug out the largest block in Bitcoin history today, and the next step in the airdrop process is about to begin.8.Bitcoin Core developer Peter Todd will attend the Bitcoin Asia conference9.Several fund Hong Kong subsidiaries will explore spot Bitcoin ETF applications10.FTX Claim Window Prices Bitcoin, Ethereum, and Other Products Below Market Prices

Jack Mallers, CEO and co-founder of Bitcoin payment company Strike, stated that due to its limited supply and decentralization, Bitcoin is superior to gold.

On March 3, data from The Block shows that Bitcoin mining revenue reached $1.39 billion in February, a 2.96% increase from the previous month. In addition, Ethereum block validators' income increased by 14% to $214 million in February, with transaction fees accounting for $42.13 million.

On March 3rd, Bitcoin Core developer Peter Todd confirmed his attendance at the Bitcoin Asia conference. Peter Todd is a well-known early developer of Bitcoin Core and also the cornerstone of the RGB protocol, which proposes single-use seals and client verification for the first time.

According to market data, BTC has broken through $62,000 and is currently trading at $62,013.2. The intraday decline has reached 0.32%, and the market is volatile. Please be prepared for risk control.

This week’s Crypto Biz examines concerns over chip shortages and sustainability issues for crypto miners, Telegram’s new ad platform, Kraken’s expansion into institutional investors, and more.

According to Glassnode data, the stock of Bitcoin on OTC platforms has been continuously decreasing during this market rise, and has now fallen to its lowest historical level (388 coins on February 29th), comparable to mid-2018. Caitlin Long, founder of crypto-friendly bank and Bitcoin custody institution Custodia Bank, responded to comments about "Bitcoin OTC platform stock nearing depletion" on social media, stating that a reliable source indicated that at some point on Wednesday this week, there were only about 40 BTC available for trading on the Bitcoin OTC platform. Note: The OTC platform data collected by Glassnode only covers some mainstream platforms and cannot accurately represent the stock data of all global platforms, but still has reference value.

According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, reaching the highest profit level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins.

Gray released the February market report, which pointed out that Bitcoin's price rose by about 45% in February, breaking through $60,000 for the first time since the fourth quarter of 2021. This phenomenon reflects the large influx of funds into US ETFs and expectations for Bitcoin halving in April.

ABCDE has announced that it will host Bitcoin Day on April 5th at the St. Regis Hotel in Hong Kong, in collaboration with Cointime and SINOHOPE Technology (1611.hk). ABCDE has invested in numerous star Bitcoin ecosystem projects such as Merlin Chain, Babylon, Polyhedra, Unisat, B^2 network, Bitlayer, Bitsmiley, DLC.link, and more. The event will gather over 1000 participants, inviting top developers from Asia and around the world in the Bitcoin ecosystem, frontline investors, and representatives of regulatory bodies to discuss the expansion of the Bitcoin ecosystem, layer-2 ecosystems, composability, and decentralization. This is in anticipation of Bitcoin's halving in April, aiming to promote the prosperous development of the Bitcoin ecosystem together.

On March 1st, it was reported by the Financial Times that the price of Bitcoin had reached a new record high in relation to many currencies. The approval of a Bitcoin exchange-traded fund in the United States fueled the market's enthusiasm. The expectation of a reduction in Bitcoin mining output at the end of April intensified the market's frenzy. The increase in demand from buyers expecting the next halving explains why the cryptocurrency bull market is now happily predicting that Bitcoin's price will soon exceed $100,000.

ABCDE announced that it will hold Bitcoin Day at the Regal Hotel in Hong Kong on April 5th, co-hosted by Nova Technology (1611.hk). ABCDE has invested in Bitcoin ecological projects such as Merlin Chain, Babylon, Polyhedra, Unisat, B^2 network, Bitlayer, Bitsmiley, DLC.link, etc. At that time, more than 1,000 participants will be gathered, inviting Bitcoin ecological developers, investors, and regulatory agencies from Asia and around the world to discuss the expansion, second-layer ecology, composability, and decentralization of the Bitcoin ecology, and to welcome the arrival of Bitcoin's halving in April, jointly promote the prosperity and development of the Bitcoin ecology.

Data shows that the current block height is less than 50 days away from the next Bitcoin halving event. As every 210,000 blocks, there will be a halving event, the next one is expected to occur when the block height reaches 840,000 in April 2024. At that time, the block reward will be reduced from 6.25 BTC to 3.125 BTC.

Despite the Chinese government's strict ban on cryptocurrency activities, the recent surge in the value of Bitcoin has captured the attention of internet users in mainland China. Bitcoin's popularity has soared on major Chinese social media platforms, with Weibo ranking it as the 11th most-searched term at one point. The surge in interest follows a 676% increase in Bitcoin's popularity on WeChat on February 13, coinciding with its milestone of surpassing the $60,000 mark for the first time in over two years. The recent momentum in Bitcoin's value can be attributed in part to the introduction of Spot Bitcoin ETFs in the U.S. in January.