PA Daily | DOGE prototype Shiba Inu owner launches Cocoro tokens on the Base chain; US Bitcoin spot ETF market has experienced capital outflows for four consecutive weeks
Reprinted from panewslab
03/09/2025·2MToday's news tips:
1. Macro Outlook Next Week: Federal Reserve Officials Enter the Silence Period Before the FOMC Meeting, CPI Grand Game is about to Begin
2. DOGE prototype Shiba Inu KABOSU owner announced the launch of Cocoro tokens on the Base chain
3. FIFA intends to launch cryptocurrency
4. Bubblemaps: Platform token BMT will be launched on March 11
5. Trump's executive order will require U.S. federal agencies to report bitcoin holdings directly to the Treasury Department
In February, the overall market value of stablecoins increased by about US$7.7 billion, of which USDS increased by 64%.
7. US Bitcoin spot ETF market has experienced capital outflows for four consecutive weeks
8. The number of NFT buyers and sellers has fallen by more than 90% in the past seven days, and the transaction volume has increased by 15.27% month-on-month to US$121.5 million.
Regulatory/Macro
The market was surging this week, with repeated U.S. tariff policies, ECB rate cuts, German fiscal reforms, increased European defense spending, US non-agricultural, Powell's speech and other multiple factors intertwined with affecting the market. Traders tried to sort out various headlines around economic, tariffs and geopolitical development, and the market also swayed. Starting from March 9, the North American region will implement summer time, and the time for the release of trading hours and economic data in the US and Canadian financial markets will be one hour ahead of the winter time. Here are the key points that the market will focus on in the new week:
Monday at 23:00, the US Federal Reserve's 1-year inflation expectation in February
Tuesday at 22:00, US JOLTs job opening in January
Wednesday at 20:30, the US unseasonally adjusted CPI annual rate in February, the US after seasonally adjusted CPI monthly rate in February, the US after seasonally adjusted core CPI monthly rate in February, and the US unseasonally adjusted core CPI annual rate in February
Thursday 20:30, US February PPI annual rate/monthly rate
Friday at 22:00, the initial value of the expected one-year inflation rate in the United States, the initial value of the University of Michigan Consumer Confidence Index in the United States
The most important economic data in the next week are the US February CPI inflation report to be released on Wednesday, inflation expectations released on Monday and Friday, and PPI on Thursday. These inflation reports will be the last batch of important data before the Federal Reserve's next meeting from March 18 to 19.
The White House explained Trump's executive order that the confiscated Bitcoin will no longer be sold and will be stored as part of the new strategic Bitcoin reserve managed by the U.S. Treasury Department, and other digital assets will enter a separate U.S. digital asset reserve with the goal of strengthening oversight, improving management and developing a long-term crypto strategy. Now the U.S. federal agencies must report Bitcoin holdings directly to the Treasury Department.
David Sacks opposes cryptocurrency transaction tax
In a recent All In Podcast podcast, host Jason Calacanis proposed a 0.01% tax on each cryptocurrency transaction, which is denominated on the assets transferred, purchased or sold. In response, David Sacks, the White House director of cryptocurrency and artificial intelligence, clearly opposed the proposal to tax crypto transactions, believing that such taxes often start with "moderate" but are prone to gradually expanding to a wider range, such as income taxes initially only target minorities. Crypto transaction tax may increase the burden on users.
Texas, USA, will create a state-managed fund to hold Bitcoin and other cryptocurrencies. The Texas auditor general will oversee the reserve, which will hold a market capitalization of at least $500 billion and qualify for state budget appropriations. In addition, a Strategic Bitcoin Reserve Advisory Committee was established to provide guidance for the management of the fund and requires reports on its holdings to be submitted every two years.
Previous news , the Texas Senate passed the SB 21 bill, which would allow the state to invest some public funds into digital assets, especially Bitcoin. The bill still needs to be approved by the House and signed by the governor before it can become law.
Project News
The official account of the AI intelligent enterprise ManusAI has been restored. "We are back. Please remind you that this is our only official account. Next, we will continue to share cool use cases. Stay tuned." The official account of ManusAI (ManusAI_HQ) pointed out. Ji Yichao, chief scientist and co-founder of Manus, also announced the news at the first time and reiterated: "Manus has never participated in any cryptocurrency projects, token issuance, blockchain first-time issuance, etc. Any virtual currency with similar names, its claims that the claims related to us are false."
DeFi protocol Conic Finance announces that it will cease operations
Curve Eco-DeFi protocol Conic Finance announced that it will cease operations. It said: Over the past few months, the core team has been developing new versions for Conic. However, despite working with auditors, the team failed to provide adequate fixes to several issues in the new version. Ultimately, this gave the team no complete confidence in releasing a new audited version. It was a very frustrating period, during which some core team members also decided to leave. After carefully considering the next plan for the remaining core team, it was decided that it would be best to stop the project. The current Conic deployment is running fine and there are no security-related issues. The Conic contract will remain open source on Github, including the latest changes to ChainSecurity review.
DOGE prototype Shiba Inu KABOSU owner announces launch of Cocoro tokens on the Base chain
DOGE prototype Shiba Inu KABOSU owner @kabosumama posted on X platform that anonymous people have used their pet portraits to issue tokens. This time, the decision is to express blessings to Own The Doge's support community and collaborate on launching the Cocoro token, which will be deployed on the Base blockchain.
Own The Doge announces Cocoro token economics: 20% is used for community airdrops
Own The Doge announces Cocoro Token Economics on X platform:
75% is for LP, permanently locked but chargeable, DAO and Atsuko each account for half, have created liquidity pools starting with approximately $1 million of fully diluted market value (FDV) to prevent snipers from grabbing orders;
20% is used for community airdrops, mainly targeting DOGE and NEIRO holders;
5% is used for DAO reserves.
FIFA intends to launch cryptocurrency
FIFA President Gianni Infantino said the organization could develop its own cryptocurrency tokens. Infantino expressed FIFA’s interest in creating digital tokens to interact with fans around the world when attending President Trump’s White House cryptocurrency summit on March 7. "FIFA is very interested in developing FIFA tokens, starting from here, starting from the United States, conquering 5 billion football fans around the world." “If anyone here is interested in working with FIFA, we are here, together with the United States of America, we will conquer the world of football with FIFA tokens.”
Despite the lack of specific details or timelines, the statement suggests that FIFA is exploring blockchain technology as a potential avenue to attract fans and generate revenue. Trump responded: "The value of this token may eventually exceed FIFA. In fact, it may be a pretty valuable token." The announcement comes as FIFA is preparing for the 2026 World Cup, when the United States, Canada and Mexico will co-host the World Cup.
After the summit, a cryptocurrency called FIFA soared. The price of the token rose 357,000% in a single day, with a market value of approximately US$8.2 million. However, this token has nothing to do with FIFA.
Hackers reached a bounty agreement with 1inch, and some stolen funds have been returned
According to a Decurity report, 1inch's $5 million stolen funds 1inch was returned after negotiations with the hacker, and the hacker retained part of it as a vulnerability bounty.
Previous news, 1inch discovered that there was a vulnerability in the Fusion v1 parser smart contract . Although user funds were not affected, some parsers using this version were attacked. The incident resulted in losses of approximately US$2.4 million and 1,276 WETH, totaling over US$5 million.
Mysten Labs acquires game development platform Parasol
Sui development company Mysten Labs acquires game development platform Parasol, but the acquisition amount is not disclosed. Parasol is an end-to-end platform composed of Japanese and American game experts, which allows game developers to seamlessly integrate blockchain infrastructure into their games.
Jupiter Meow tweeted that it will launch a new token verification system, allowing the community to play a key role in the verification process. The team has been focusing on data-driven algorithmic systems to cope with a lot of feedback on automated verification, and after recent weeks of improvement, the system is now mature and heading into the next stage.
Bubblemaps: Platform token BMT will be launched on March 11
On-chain data visualization platform Bubblemaps announced that it will launch the platform token BMT on March 11.
Previously , Bubblemaps will launch BMT tokens to support the on-chain survey platform Intel Desk.
Arkham adds a new secret KOL tag, suitable for more than 100,000 fans on Twitter/X
On-chain analytics platform Arkham announced that its platform has added a new secret KOL tag, and users with over 100,000 followers on Twitter/X will now be labeled as the key "KOL" opinion leader to help users track related wallets.
Viewpoint
Matt Hougan, chief investment officer of Bitwise, said in this week's investment memorandum that Trump has changed the game rules of the crypto market. The establishment of a strategic cryptocurrency reserve in the United States will trigger the domino effect and be regarded as the first shot in a Bitcoin arms race in the global Bitcoin arms race. Honduras, Mexico or Guatemala is paying attention to the Bitcoin strategy of the United States and El Salvador, and countries may push Bitcoin to become an important global monetary asset. It is reported that Galaxy Digital predicts that at least five countries will establish their own strategic Bitcoin reserves by 2025.
Important data
US Bitcoin spot ETF market has experienced capital outflows for four consecutive weeks
The US Bitcoin spot ETF market has experienced capital outflows for four consecutive weeks. Farside Investors data shows that in the week ending March 7, the largest single-week capital outflows of ETFs include: Fidelity Smart Origin Bitcoin Fund (FBTC) net outflows of US$201 million, for 6 consecutive weeks. ARK 21Shares Bitcoin ETF (ARKB) net outflow of $163.5 million. iShares Bitcoin Trust (IBIT) has a net outflow of $129.6 million. As institutional investors withdraw, weak demand disrupts Bitcoin’s supply and demand balance, causing Bitcoin to fall 8.76% in the past week.
According to on-chain analyst Ember Monitor, willjeetonyou.eth used 21 ETH ($45,000) to buy $Cocoro 14.83 million, with an average price of $0.003 in 2 minutes after the Cocoro deployer added liquidity. He currently holds 13.88 million Cocoros worth US$1.11 million. One hour profit of $1.14 million on $Cocoro.
The overall market value of stablecoins increased by US$7.7 billion in February, highlighting the rise in demand for "digital USD" in the crypto market. The main situation of the stablecoin market in February is:
- USDS market value increased by 64%;
- PYUSD's market value increased by 49%;
- USDT's market value reached approximately US$143 billion ($2.5 billion in February alone);
- USDC's market value grew by 7%.
However, USDe and DAI market value declined in February.
According to on-chain analyst Ember Monitor, @CookerFlips bought $Cocoro near its highest point last night and sold it 2 hours ago, becoming the address that has achieved the most losses on $Cocoro. It bought $6.4 million for $0.0836 last night for an average price of $0.0836, and sold it at $0.0338 2 hours ago, with a loss of $317,000 (-59%).
Two giant whales increased their positions in 7591 ETH in the past 12 hours
According to monitoring by on-link analyst @ai_9684xtpa, the two giant whales have increased their positions in 7,591 ETH in the past 12 hours.
Address redbase.eth In the past 12 hours, 6100 ETH were bought on the chain at an average price of US$2,200, worth US$13.42 million.
Address 0x42a...C42f8 1491 ETH (3.29 million US dollars) were submitted from Binance 9 hours ago. In the past 5 days, a total value of 9.78 million US dollars and an average price of 2171 US dollars; currently the tokens are distributed to three addresses for storage.
According to CryptoSlam data, NFT transaction volume has increased to $121.5 million this week, an increase of 15.27% from the previous week. The number of NFT buyers plummeted 94.39% to 25,641; the number of NFT sellers fell 91.84% to 25,717; the number of NFT transactions increased 5.21% to 1,615,020.
Ethereum online transaction volume rose 50.76% to $37.6 million, but the number of buyers fell 69.09% to 15,471. Bitcoin network transaction volume fell 17.21% to $21 million. Solana's online transaction volume was US$18 million, up 51.24%, rising to third place. Mythos Chain online transactions were $15.2 million, up 2.84%, ranking fourth, while Polygon online transactions were $13.5 million, down 7.98%.
The higher value transactions this week are:
- CryptoPunks #4464: $2,196,232 (1011 ETH)
- Uncategorized Ordinals #7d0: $1,321,676 (14 BTC)
- CryptoPunks #8868: 646,201 USD (288.88 ETH)
- CryptoPunks #364: $342,136 (160 ETH)
- SuperRare #38335: $219,441 (100 ETH)
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