Market Updates
Weekly Market Insight: March week 2
04 Mar 2024

Headline News

  • - BTC price increased by 43.71% in February, the highest gain in a month since October 2021. The market capitalization of Bitcoin witnessed a surge of $225 billion last week, marking the most substantial dollar increase within a week in its history. Meanwhile, BTC spot ETFs experienced a net increase of $1.7 billion in assets under management last week.
  • - Coinbase's iPhone AppsStore ranking hit #130 on 29th February, the highest since early 2022.


  • - Last week, US ISM Manufacturing PMI in February fell to 47.8 in February 2024 from 49.1 in the previous month, firmly below market expectations of 49.5.
  • - The market's estimation of by June to have at least one rate cut from 58% increased to 76%.
Upcoming Economic Calendar including,
  • - Tuesday, March 5th 11:00pm: US February ISM Service PMI
  • - Wednesday and Thursday, March 6th and 7th 11:00pm: Federal Reserve Chair Jerome Powell Congressional Testimony
  • - Friday, March 8th 9:30pm: US February Non-Farm Payrolls and Unemployment


Layer 1 and Layer 2

  • - Blast has launched its mainnet, TVL has crossed $2.3 billion.
  • - COTI Foundation announced a $100 million Development Fund for Data-Secure Apps.
  • - Mantle's subsidised mETH Double-Dose Drive program had reached its maximum cap, offering more than 7% staking reward.
  • - Telegram announced that it would provide advertisement space in 100 new countries, sharing 50% of the revenue with channel owners in Toncoin via the TON blockchain.


  • - Arweave launched AO hyper parallel computer, enables developers to run their chosen virtual machine, scheduler, gas payment and security model protocol that communicate via a messaging-passing standard, without requiring consensus on costly computation.
  • - Ondo Finance introduced Ondo Global Markets, which helps solve the RWA liquidity and initiative by Directive Tokenization.
  • - Radiant Capital announced that the V3 upgrade will be released in Q2 2024.
  • - Unibot launched 'Unibot on Blast', offering 0% trading fees for March.
  • - Wormhole introduced Native Token Trasfers (NTT), enables native token transfer across blockchains with no LP fees, slippage or MEV risk and regardless of any token standard.
  • - Pendle Finance announced to support Ethena's USDe, offering more than 90% Fixed APY.
  • - Aerodrome announced that the Base ecosystem fund has acquired an undisclosed amount of AERO.
  • - Parallel TCG Open Beta Symposium is now live.

Upcoming Alpha: Token Unlock, Governance

  • - Jupiter's LFG Launchpad voting is scheduled for March 4th and release in late March or early April.
  • - Avalanche Durango Upgrade is expected on March 6th.
  • - FXS staker airdrop snapshot will be taken on March 6th.
  • - Shrapnel's STX1.2 gameplay will be launched on March 7th.
  • - The Ethereum Dencun upgrade is expected on March 13th.
  • - Bitcoin Cash's halving event is expected on March 24th.
  • - AEVO token launch is expected in March, RBN is expected to swap 1:1 to AEVO in May. AEVO pre-market is traded at approximately $2 in Whales Market, while RBN is traded approximately $0.77 currently.
  • - Fantom Sonic 2.0 Mainnet is expected in March or April.
  • - Aptos co-founder, Thala hinted at a potential major RWA announcement in April.
  • - APT token unlocked on 13th March, amount representing 6.75% of the token supply.
  • - CYBER token unlocked on 15th March, amount representing 5.98% of the token supply.
  • - ARB token unlocked on 16th March, amount representing 87.2% of the token supply.
  • - APE token unlocked on 17th March, amount representing 2.61% of the token supply.
  • - MANTA token unlocked on 18th March, amount representing 2.66% of the token supply.
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