Token | Trading Volume 【BTC】4.15 billion 【VVV】3.84 million 【CHZ】4.83 million 【LGNS】6.88 million 【XRD】43,362.73 【ASTER】16.15 million 【ARB】30.89 million 【ORDI】1.93 million 【JU】7.37 million 【ROBO】47.45 million

According to Odaily Planet Daily, Trump Media & Technology Group is considering spinning off its social platform TruthSocial into a separate publicly traded company to prioritize its cryptocurrency-related businesses in its corporate strategy. The company stated that it is in discussions with energy fusion startup TAE Technologies and Texas Ventures Acquisition III regarding a potential transaction, with the latter aiming to control the TruthSocial platform. This arrangement is based on a merger agreement reached between the two companies last December, valuing the deal at over $6 billion. The plan involves first creating a new publicly traded company called SpinCo, which will then merge with Texas Ventures III. SpinCo shares will be distributed to existing shareholders. The company plans to launch its fintech brand Truth.Fi in 2025 and has established a Bitcoin reserve, holding over 11,500 BTC.

Huoxun Finance News, March 2nd - According to Bloomberg, as tensions escalate between the US, Israel, and Iran, traders flocked to 24/7 trading platforms for hedging, pushing up perpetual futures prices for oil, gold, and silver on the cryptocurrency exchange Hyperliquid. Oil contracts rose approximately 5% to $70.6 per barrel, while gold and silver rose approximately 1.3% and 2% to $5,323 and $94.9 per ounce, respectively. Silver led commodity perpetual contract trading, with over $227 million in trading volume over the past 24 hours, while gold contracts saw approximately $173 million in trading volume. The US stock-related index on the platform fell 0.4% to 0.75%. The weekend's events validated a larger argument by crypto advocates: 24/7 on-chain trading across all asset classes is inevitable, and the shift from traditional trading venues may be faster than most on Wall Street anticipates. Wintermute's head of over-the-counter trading stated that Bitcoin has become the only proxy for broader risks in open markets, which is precisely why more asset classes need to move to 24/7 trading. The co-founder of Felix stated that this represents a macro-level shift in how global markets operate. The founder and CEO of QFEX said this proves that in today's environment, price volatility never sleeps.

Huoxun Finance reported on March 2nd that, according to data from The Block cited by crypto KOLYashasEdu, crypto startups raised a total of $883 million in February. However, overall, the number of venture capital deals hit a 5.5-year low, and the total funding amount was down approximately 80% from its 2022 peak. Funding is concentrated in a few specific areas, such as stablecoin infrastructure, custody, and compliance tools. 85% of tokens launched in 2025 are trading below their opening price, and the VC narrative has shifted towards a "revenue-centric" approach.

According to a report by Jinshi citing the New York Times on March 2nd, Trump stated in an interview that the US military intends to continue its attack on Iran for "four to five weeks" if necessary, and insisted that Israel and the United States "would not have difficulty" maintaining the intensity of the conflict. He also warned that there could be more US casualties. When asked about his plans for the transition of power, Mr. Trump stated that he hopes Iran's elite forces (including senior officers of the Islamic Revolutionary Guard Corps who wield significant influence and profit from the current regime) will hand over their weapons to the Iranian people. In the approximately six-minute call, Trump also stated that he has three "very good" candidates to lead Iran, but declined to name them. He repeatedly mentioned his experience in Venezuela, possibly suggesting that he believes the methods that worked there are also applicable to Iran. He also stated that he is willing to lift sanctions on Iran if the new Iranian leadership demonstrates a pragmatic and cooperative attitude. However, he also declined to comment on how (or if) his administration will defend the Iranian people, whom he believes should overthrow the current government.