According to Odaily Planet Daily, Route 2 FI (@Route2FI) monitoring, a whale is holding a $24 million long position in ARC on Perp DEX Lighter, adding $360,000 per hour via TWAP (time-weighted buy), continuously injecting funds to drive the bullish trend. The whale has already profited $5 million. Analysis indicates that this whale's behavior is similar to the JellyJelly price manipulation incident on Hyperliquid. In March 2025, a whale trader on Hyperliquid simultaneously shorted the JELLY perpetual contract with large sums while manipulating the spot price through other accounts and on-chain mechanisms, causing the short trader to be liquidated. Hyperliquid's liquidity pool (HLP) suffered losses after settlement, and the Hyperliquid team urgently delisted the contract through a governance vote and forced settlement at an extremely low price. Currently, the annualized funding rate for ARC contracts on Lighter has soared to 2100%, which is equivalent to short sellers earning approximately 5.7% in funding fees per day. This will attract more short sellers, and the battle between bulls and bears is intensifying.

In the past hour, total liquidations across the network reached $51.18 million, with $3.17 million from long positions, with $48.02 million from short positions. BTC liquidation $18.78 million, ETH liquidation $20.48 million.

Huoxun Finance reported on February 25th that, according to The Block, Stripe co-founder and president John Collison predicts a commercial "flood" driven by AI agents in the coming years, believing that stablecoins and high-throughput blockchains will become its core payment drivers. In a recent podcast, Collison stated that autonomous software agents are moving beyond the experimental stage and will increasingly handle real-world economic activities such as payments and capital allocation. He believes that the crypto-native path is structurally better suited to support this "agent economy." Earlier this year, Stripe integrated the x402 standard, allowing AI agents to transact using USDC on the Base network. This enables software agents to autonomously send and receive stablecoin payments without the need for manual settlement processes.

According to a report by The Block on February 25th, Vetle Lunde, Head of Research at K33, pointed out that Bitfinex's LEO token is currently trading at a premium of approximately 60% to its implied fair value. This could indicate new developments in the market's expectation of handling the Bitcoin seized during the 2016 Bitfinex hack. Currently, approximately 94,636 Bitcoins related to the incident remain frozen, representing about 30% of the US Strategic Bitcoin Reserve, and are undergoing legal proceedings to determine victims' claims. According to Bitfinex's 2019 commitment, if the assets are recovered, 80% will be used to repurchase and burn LEO tokens. Analysts believe that if the court rules to return the Bitcoins to the victims rather than have them seized by the government, approximately 75,000 Bitcoins could gradually enter the market over 18 months, with an average daily sell-off of about 139 Bitcoins.

Odaily Planet Daily reports that Hyperliquid co-founder iliensinc announced on social media that 173,000 HYPE tokens from Hyperliquid Lans will be unstaking today and distributed to team members on March 6.