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These three altcoins saw significant declines today. Can they reclaim key support levels, or are deeper losses ahead?
Senator Cynthia Lummis sees Bitcoin as a solution to the US debt crisis, proposing a national reserve to leverage its long-term appreciation. Her BITCOIN Act is gaining traction, with 15 states backing similar initiatives.
The crypto market has dipped in response to President Trump’s plan to enact steep tariffs on imported goods from Canada, Mexico, and China beginning on Tuesday.Canada and Mexico have ordered retaliatory tariffs in response, while China promised “corresponding countermeasures” and said it would file a lawsuit with the WTO.Memecoins were particularly hard-hit by the downturn, with many top coins seeing double-digit percentage drops. Trump’s memecoin has fallen nearly 30% over the past week.
Quick Take THORChain’s governance approved a proposal to address a nearly $200 million debt crisis. The approved plan involves converting defaulted debt into equity by issuing creditors a new token called TCY. TCY token holders are entitled to 10% of THORChain’s revenue in perpetuity.
Quick Take Story is a specialized Layer-1 blockchain transforming intellectual property (IP) into a programmable asset class critical for artificial intelligence (AI). IP has emerged as the largest intangible asset class in the world, ranging from code and data to scientific research, and AI models depend on it for both training and inference. By bringing IP on-chain, Story streamlines licensing, automates royalties, and ensures verifiable ownership at scale. This research is commissioned by Story Foundati
- 07:55The Sui Foundation launches the SuiNS RFP programThe Sui Foundation has announced the launch of the SuiNS plan, which aims to promote influential development and strengthen community cooperation by directly funding projects that meet the needs of the Sui ecosystem and contribute to SuiNS growth, thereby promoting ecological development. The application channel for the current SuiNS RFP program is now open. Developers can submit their proposals with a deadline set for March 18, 2025 at 15:59 (UTC+8). After submission, the RFP committee will screen candidates and vote on final proposals that receive funding. Selected developers must sign a funding agreement outlining project milestones, deliverables, and timelines, and proceed with development as planned. In addition, to maintain transparency and accountability, selected developers must go through an identity verification process.
- 07:24In the past 1 hour, $104 million has been liquidated across the entire network, mainly from multiple ordersCoinglass data shows that in the past hour, a total of 104 million US dollars have been liquidated across the network, including 103 million US dollars from long positions and 1.0914 million US dollars from short positions.
- 07:14Zeta Chain announces Alibaba Cloud as infrastructure providerOn February 25th, Zeta Chain announced a partnership with Alibaba Cloud, aiming to further enhance the decentralization, security and scalability of the network, and support developers in building Universal Apps - applications that can natively run across multiple blockchain ecosystems. At the same time, this cooperation will also provide Zeta Chain developers with vouchers, global financing network resources and technical support through Alibaba Cloud's Spark program.