CryptoQuant data shows 472M XRP ($652M) inflow to Binance after strikes on Iran, boosting market uncertainty.

Escalating military conflict between the United States, Israel, and Iran over the weekend sent more than 472 million XRP, worth roughly $652 million, to Binance, marking the largest exchange inflow period of February.

The sudden movement of tokens onto the trading platform suggests investors are positioning for potential selling, creating conditions that could pressure XRP’s price in the days ahead.

Geopolitical Shock Waves Hit XRP

Shortly after traditional financial markets closed last Friday, the U.S. and Israel launched strikes against Iran, leading to the death of Iranian Supreme Leader Ayatollah Ali Khamenei.

According to CryptoQuant contributor Darkfost, that timing amplified uncertainty across risk assets, with digital currencies reacting quickly to the geopolitical news. Data shows Binance received over 472 million XRP this past week, with the largest daily spikes occurring in late February.

Moving tokens onto exchanges often signals a willingness to sell or at least positions liquidity closer to the market during turbulent periods, and Darkfost noted that when flows of this size are recorded, they can create conditions for a sudden wave of selling pressure that could affect price action in the short term.

XRP itself went through intense volatility on Saturday, dropping from $1.43 to $1.27 before rebounding after reports first emerged that Khamenei had been killed. The asset recovered to near its starting point as traders digested the news, but the price swing illustrated how geopolitical events are driving short-term moves.

Furthermore, the large exchange inflows come as XRP ETFs continue to see modest activity. After an initial boom following their launch in November 2025 that pushed cumulative net inflows past $1 billion within a month, the pace has slowed considerably. Only $9.55 million entered the funds during the last full week of February, and just $240 million has arrived in over two months.

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XRP Price Holds Support

At the time of writing, the Ripple token was trading around $1.35, down 1.3% in the last 24 hours and 1% over the past seven days per CoinGecko. The asset hit a weekly low of $1.28 and a high of $1.48 during the volatile period, with the $1.30 level providing support during Saturday’s sell-off.

Meanwhile, futures market data from CoinGlass shows $5.37 million in XRP liquidations over the past 24 hours, with longs accounting for $3.70 million of that total. Open interest stands at $2.14 billion, while combined futures and spot trading volume reached about $5.2 billion during the same period. The liquidation figures suggest leveraged long positions took the brunt of the weekend volatility.

The exchange inflow data presents a more complicated picture than price action alone suggests. While the transfers do not confirm immediate selling, amounts of this size can change the trading environment even without a full unwind. As such, the question remains whether this episode marks the beginning of a broader distribution phase or simply short-term panic movements tied to the ongoing geopolitical uncertainty.

Bitcoin Cash has plummeted 22% over the past week, struggling against market trends, while a new decentralized lending protocol, Mutuum Finance, garners interest.

Bitcoin Cash (BCH) has fallen 22% over the past week, underperforming the broader crypto market as technical weakness and limited altcoin rotation weigh on price action. While BCH faces sustained selling pressure, a new decentralized lending protocol is drawing attention from more than 19,000 participants during its token sale phase.

Bitcoin Cash extends weekly losses

Bitcoin Cash declined sharply after rejecting resistance near its 50-day simple moving average around $564 earlier this week. The asset broke below the psychological $500 level and continued trending lower, confirming a short-term bearish structure. Analysts noted rejection near the $506.4 Fibonacci level, reinforcing persistent selling pressure.

Technical indicators reflect continued weakness. The 20-day exponential moving average has turned downward, while the RSI7 reading near 30.23 signals oversold conditions. However, the absence of bullish divergence suggests that downside momentum remains intact. A daily close above the 7-day EMA near $521 would be needed to indicate an early shift in short-term momentum.

Sector-wide dynamics have also contributed to BCH’s underperformance. During the same period, Bitcoin gained approximately 2.78%, while the CMC Altcoin Season Index declined to 34, down 5.56% over the week. Bitcoin dominance remained stable around 57.97%, indicating capital concentration in BTC rather than rotation into altcoins. This environment has left BCH exposed to independent selling pressure without broader market support.

In the near term, traders are monitoring the $475–$490 demand zone as a key support area. A sustained hold above this range could trigger a relief rally toward the $507–$520 resistance cluster. A breakdown below $475, however, would likely open the path toward the next support level near $443. For now, the broader bias remains bearish below the $510 level, with recovery dependent on reclaiming higher resistance zones and renewed market participation.

Mutuum Finance

A new decentralized lending protocol has attracted more than 19,000 participants during its ongoing token sale phase, reflecting growing interest in on-chain borrowing and yield strategies. The project has raised over $20.6 million to date, with its native MUTM token priced at $0.04. The V1 version of the protocol is currently live on the Sepolia testnet, where users can simulate lending and borrowing activity ahead of mainnet deployment.

How lending works

The protocol enables users to supply digital assets into liquidity pools and earn yield based on APY. When a user deposits funds, they receive mtTokens as proof of their position in the pool. These mtTokens are interest-bearing and increase in value over time as borrowers pay interest.

For example, if a user deposits $10,000 in USDT into a lending pool with an average APY of 4%, the position could generate approximately $400 in annual passive income, assuming rates remain stable. In return for the deposit, the user receives mtUSDT on a 1:1 basis. The mtUSDT represents their share of the pool and can be withdrawn at any time, subject to available liquidity in the pool.

How borrowing works

Borrowing operates under a collateralized model. Users must deposit crypto assets as collateral before accessing liquidity. Loan-to-Value (LTV) ratios determine how much can be borrowed relative to the collateral posted.

For instance, if a user deposits $2,400 worth of ETH as collateral and the maximum LTV is 75%, they could borrow up to $1,800 in stablecoins. This structure allows users to access liquidity without selling their ETH. If the value of ETH increases over time, the user can repay the borrowed stablecoins and reclaim their collateral, potentially benefiting from price appreciation while maintaining liquidity access.

mtTokens and staking

Beyond earning lending returns, mtTokens can also be staked within the protocol. Users who stake mtTokens become eligible to receive dividends in MUTM tokens. According to the platform model, a portion of the fees generated by lending and borrowing activity is used to purchase MUTM tokens from the open market and distribute them to stakers. This structure connects protocol usage with token distribution and introduces additional buy-side activity linked to platform performance.

With its testnet live, core lending mechanics active, and user participation exceeding 19,000 holders, the protocol continues advancing toward its planned mainnet launch while expanding its lending and borrowing framework.

ProCap Financial (BRR), the first publicly traded agentic finance firm, has purchased 450 bitcoin BTC$68,665.83, increasing its total holdings to 5,457 BTC.

The acquisition makes ProCap the 19th largest publicly traded holder of bitcoin, while lowering the company’s average cost basis per coin.

Chairman and CEO Anthony Pompliano said the company is executing a dual strategy, “buying bitcoin to average down our total cost basis and buying back our own stock when the market misprices it,” adding that both actions are accretive to shareholders. He noted the firm’s disciplined balance sheet has positioned it to take advantage of bitcoin’s pullback from its all time high.

ProCap also repurchased 782,408 shares of its common stock over the past 10 days at a significant discount to net asset value (NAV). The company said the discount to NAV has narrowed during that period and plans to continue buybacks as long as the shares trade below intrinsic value.

BRR shares traded over 3.75% higher during the U.S. morning on Monday, possibly buoyed by a lift in bitcoin’s price, that saw it gain more than 4.5% to sit above $68,500.

UPDATE (March 2, 13:30 UTC): Removes references to 2% lift in BRR in pre-market, qualifying that any increase is on thin volume.

UPDATE (March 2, 15:30 UTC): Adds paragraph on BRR’s price after the market opened instead of its pre-market movement.

The effective closure of the Strait of Hormuz following US-Israeli strikes on Iran has triggered an unprecedented energy supply crisis, with Asian economies bearing the heaviest burden as tanker traffic through the world’s most critical oil chokepoint grinds to a halt.

Japan and South Korea face the greatest risk, with both nations being overwhelmingly dependent on fossil fuel imports that transit the Strait.

Tanker Traffic at a Standstill

The cost of hiring a supertanker to ship oil from the Middle East to China surged to an all-time high of over $423,000 per day on Monday, doubling from Friday’s levels, according to LSEG data. Iran’s Revolutionary Guard Corps declared the Strait closed and warned it would fire on any vessel attempting passage.

The disruption follows the killing of Iran’s Supreme Leader Ayatollah Khamenei in joint US-Israeli strikes on Saturday, which prompted Tehran to launch retaliatory attacks across multiple Gulf states. At least four vessels have been hit in Gulf waters, and major shipping companies and insurers have effectively withdrawn from the corridor.

Kpler confirmed that commercial operators have pulled out after insurers withdrew war-risk coverage, creating a de facto closure. Only a small number of Iranian and Chinese-flagged vessels — many operating outside Western insurance and classification systems — continue to transit.

Asia Most Exposed

Approximately 84% of crude oil and 83% of LNG transiting the Strait in 2024 went to Asian markets, according to the US Energy Information Administration. China, India, Japan, and South Korea alone account for roughly 75% of oil flows through the chokepoint.

A Zero Carbon Analytics report ranks Japan as the most vulnerable nation with a risk score of 6.4, followed by South Korea at 5.3 and India at 4.9. Japan sources 87% of its total energy from imported fossil fuels, while South Korea relies on imports for 81%.

Japan convened a National Security Council meeting to assess the situation, while South Korea’s Prime Minister ordered an emergency government-wide response.

Both countries hold substantial oil reserves as a short-term buffer. Japan’s combined public and private petroleum stockpiles cover approximately 254 days of domestic consumption, while South Korea holds over 210 days of supply.

However, LNG stockpiles tell a different story. Japan has no underground gas storage, and its terminal capacity covers just over one month of consumption, according to the IEA. South Korea faces a similar LNG vulnerability. A prolonged Strait closure would make gas shortages a more immediate threat than oil for both countries, given LNG’s critical role in power generation.

Kpler’s analysis adds that India faces the most acute near-term exposure and is likely to pivot immediately toward Russian crude, while China — which recently moderated Russian crude intake — will likely abandon that restraint if the conflict extends.

Oil Price Forecasts Diverge Sharply

Brent crude settled around $78 per barrel on Monday, up roughly 9% from Friday’s close, with analysts’ projections diverging sharply depending on the duration of the disruption.

The closure creates a dual supply shock — halting current exports while stranding OPEC’s spare capacity behind the blockade. Analyst estimates range from the high $80s under a short-lived disruption to $100–$120 per barrel if the standoff drags on, with risk premiums capable of pushing prices well beyond model forecasts.

Alternative Routes Fall Short

Bypass options are limited. Saudi Arabia’s East-West pipeline and the UAE’s Abu Dhabi pipeline together offer roughly 3.5 million barrels per day of unused capacity — less than 20% of a full closure, according to Rystad. IEA strategic reserve releases could help, but member nations account for less than half of global oil demand.

With Iran declaring “total war” on Israel and the US, the crisis underscores the fragility of fossil fuel supply chains for Asian economies — and may accelerate the push toward energy diversification.

Solana price faces increasing downside risk after repeated rejections at major resistance near $89. Failure to hold key support levels could trigger a deeper corrective move toward $57.

Solana’s (SOL) recent price action has become increasingly technical, with the market struggling to overcome a strong supply zone that continues to cap bullish momentum. Despite multiple recovery attempts, sellers have consistently defended higher levels, preventing a breakout and reinforcing range-bound conditions.

As resistance holds firm, attention now shifts toward critical support zones that may determine the next major directional move.

Solana price key technical points

• Major Resistance: $89 aligns with the value area high of the current trading range.
• Key Support: $77 value area low acts as immediate high timeframe demand.
• Downside Target: Loss of support exposes $57 high timeframe support.

Solana has experienced multiple rejections at the $89 resistance region, a level defined by the value area high within the current trading range. The repeated failure to break above this zone highlights the presence of strong overhead supply. Each rejection reinforces seller dominance and signals that buyers currently lack sufficient momentum to establish trend continuation.

From a price action perspective, repeated rejections at the same level often indicate distribution rather than accumulation. Markets encountering persistent selling pressure at resistance typically rotate back toward areas of lower liquidity to search for demand. In Solana’s case, the next critical level sits near $77, which aligns with the value area low and represents the immediate high timeframe support zone.

The $77 region now becomes a pivotal technical level. Holding this support would maintain the broader trading range and allow price to continue consolidating between established boundaries.

However, a confirmed breakdown below this level would signal structural weakness and increase the probability of a sharper corrective move, even as Solana DEXs deliver CEX-level pricing despite a sharp decline in trading volume, highlighting evolving on-chain liquidity dynamics.

If Solana loses $77 support, the market opens the door for a deeper rotation toward $57 high timeframe support. This level represents a major liquidity zone where previous demand entered the market. A move toward $57 would effectively complete a larger range structure, sweeping the lowest swing low where liquidity is likely resting before any potential reversal attempt.

Market structure analysis reinforces this outlook. Solana remains unable to transition into a bullish trend while resistance continues to reject price advances. The formation of lower highs near resistance suggests weakening momentum, while range dynamics imply that liquidity below price remains an attractive target.

Volume behavior also supports caution. The inability to sustain rallies above resistance without expanding bullish participation indicates that buying interest remains limited at higher prices. Until buyers demonstrate strong acceptance above resistance, downside rotations remain technically favored.

Despite the bearish risks, such corrective moves are not uncommon within broader market cycles. Large trading ranges often develop through multiple rotations between support and resistance before a decisive breakout occurs.

A potential move toward $57 could therefore represent a liquidity reset rather than a long-term trend invalidation, particularly as Step Finance winds down its Solana-based platforms following a January hack that resulted in losses of up to $40 million, adding further pressure to ecosystem sentiment.

What to expect in the coming price action:

Solana’s outlook remains dependent on the $77 support level. Holding this zone may preserve range conditions, while a confirmed breakdown increases the probability of a move toward $57 support.

Until resistance at $89 is reclaimed, bearish rejections continue to favor downside rotation within the broader structure.

Australia is home to just 26 million people, but OKX is betting the country could become one of the most important digital finance markets in the developed world if policymakers move fast enough.

A new report backed by the exchange estimates that Australia could unlock A$24 billion ($17 billion) in annual economic gains from tokenized markets, payments and assets provided lawmakers modernize licensing and market infrastructure rules.

The study by the Digital Finance Cooperative Research Centre argues that digital finance innovation could deliver gains equal to roughly 1% of GDP, driven largely by more efficient foreign exchange, capital markets, and cross-border payments.

Yet on its current regulatory trajectory, Australia is expected to capture just A$1 billion of that potential by 2030, missing out on the vast majority of the so-called digital finance dividend. The gap between A$24 billion and A$1 billion forms the core of the industry’s pitch to the government.

“It’s particularly important in Australia, where productivity is the No. 1 issue that the government is trying to track,” OKX Australia CEO Kate Cooper told CoinDesk in an interview, noting that national productivity growth has been largely flat for the past decade.

Cooper said the idea in the report came from policymakers repeatedly seeking data quantifying crypto’s impact on Australia’s economy.

OKX’s focus on Australia may seem counterintuitive at a time when many exchanges are prioritizing the U.S. — rival exchange Gemini recently left the country, as well as the U.K. and European Union — but Cooper argues the country offers a different kind of advantage.

“We have a broad strategy that is focused on what we call strategic markets, which are markets where there is a competitive advantage to entering the market onshore,” Cooper said.

The strategy hinges on regulation as a moat. In markets like Australia, where licensing standards are strict and compliance costs high, operating onshore can create a defensible position that offshore-only platforms cannot easily replicate.

For OKX, that means investing in local approvals and infrastructure to position itself for institutional flows, particularly as tokenized bonds, stablecoins and digital market infrastructure scale.

In a country with one of the world’s largest pension capital pools, Cooper explained, being regulated and embedded locally is less about retail trading volume and more about long-term access to concentrated capital.

If lawmakers enact appropriate legislation, that capital could help push Australia into the acceleration phase of digital finance adoption.

If not, Australia risks remaining in what Cooper describes as the “death spiral of proof of concepts,” capturing just a fraction of the modeled A$24 billion opportunity while the industry — and its capital — flows offshore.

BitMine stock price retreated for five consecutive months, reaching its lowest level since June last year as Ethereum and other altcoins slumped.

BMNR stock was trading at $20 on Monday, down substantially from last year’s high of $161. Still, despite this, BitMine continued its Ethereum (ETH) accumulation, a sign that Tom Lee and the team expect a rebound soon.

BitMine added 50,928 ETH tokens last week, bringing the total additions in the last 30 days to nearly 180,000. It now holds over 4.42 million, which is equivalent to 3.66% of all tokens in circulation. These tokens are now valued at over $8.5 billion.

One reason why Ethereum price dropped in February was the lingering fear that Donald Trump would attack Iran, which he did. The fear was that an attack would pump crude oil and gas prices higher and make it hard for the Federal Reserve to cut interest rates. 

Therefore, fundamentally, there is a likelihood that ETH and other coins will start rising as investors start focusing on the potential ceasefire. A Polymarket poll shows that odds of a ceasefire happening by March 31 rose to 48. Odds of a ceasefire happening by April 30 jumped to 67%.

The rising odds of a ceasefire explain why crude oil prices did not soar as much as analysts were expecting. Brent and West Texas Intermediate benchmarks rose to $78 and $72, lower than $90, which analysts were expecting.

BitMine has other potential catalysts, including Ethereum’s strong fundamentals, including the rising staking queue, falling Ethereum supply in centralized exchanges, and the rising transactions and network fees. 

BitMine stock price technical analysis points to a rebound

The daily timeframe chart shows that the BMNR stock price could be on the verge of a strong bullish breakout in the coming weeks. The two lines of the MACD indicators have formed a bullish crossover, while the Relative Strength Index has moved from the oversold level to the current 40.

BitMine stock has also formed a falling wedge pattern, which is made up of two descending and converging trendlines. The two lines are now nearing their confluence, which may lead to more upside.

If this happens, the next key target level to watch will be the psychological level at $30. On the other hand, a drop below the lower side of the wedge will point to more downside.

CRV price trades near $0.24 as LlamaLend exploit concerns weigh on short-term sentiment.

Curve DAO (CRV) token is trading at $0.24 at press time, down 3.5% over the past 24 hours. The pullback comes during a recovery attempt, with price still near the upper half of its seven-day range between $0.21 and $0.26.

CRV is up about 5% on the week but remains down 20% over the past month.

Derivatives activity has softened. Volume is down 12% to $127 million, while open interest has slipped 1.73% to $67.8 million, according to CoinGlass data.

As uncertainty persists, the drop in open interest shows that some leveraged positions are being closed rather than opened, indicating caution among traders.

LlamaLend pool exploit adds pressure

Curve Finance’s March 2 statement confirming that it is looking into an attack on the sDOLA LlamaLend markets has dampened sentiment. The issue stemmed from how the pool’s price oracle was configured, which introduced the risk of manipulation.

Blockchain security firm BlockSec had clarified that the vulnerability affected only the sDOLA–crvUSD LlamaLend pool and not Inverse Finance itself. The exploit resulted in an estimated $240,000 profit for the attacker.

Borrowers who used sDOLA as collateral were liquidated, while lenders were unaffected. sDOLA holders even saw gains due to the price distortion.

The attack relied on a flash loan. Funds were borrowed, sDOLA was redeemed and re-staked as a donation, and the pool’s pricing mechanism was temporarily distorted.

That shift pushed several positions below liquidation thresholds, allowing the attacker to liquidate them at a profit.

Curve emphasized that the core protocol contracts were not compromised. Even so, the incident has revived concerns about oracle design and integration risks within DeFi lending markets.

CRV price technical analysis

CRV continues to trade in a bearish structure. The daily chart shows a sequence of lower highs and lower lows. Price sits below the descending 50-day moving average, reinforcing the short- to mid-term downward bias.

Attempts to reclaim the 0.25–0.26 zone have failed so far, leaving overhead supply in place. Bollinger Bands expanded to the downside after a period of contraction, confirming that the latest volatility break favored sellers.

Price is now hugging the lower band, a sign that sell pressure has not fully eased. A close back above the mid-band would be the first sign of stabilization, but that has yet to occur.

The momentum is still skewed toward bears because the relative strength index is less than 50. It recently recovered from around the 30 level, but there hasn’t been any major bullish divergence. 

Immediate support sits near 0.22, which marks the lower boundary of the current range and a liquidity cluster. A daily close below that level could open the path toward the psychological 0.20 mark.

On the upside, 0.25 acts as near-term resistance. A sustained move above 0.30 would be required to break the pattern of lower highs and shift the broader structure.

XRP price continued its downtrend in February despite notable catalysts, including higher ETF inflows than Ethereum and Bitcoin, the launch of the permissioned DEX feature, and substantial inflows of real-world assets.

Ripple (XRP) token dropped to a low of $1.1137 in February, its lowest level since November 2024, and 70% below its all-time high.

Some key XRP metrics did well in February, even as the crypto market crash gained steam. For example, spot XRP ETFs added close to $60 million in inflows, while Bitcoin and Ethereum funds shed over $206 million and $369 million, respectively.

The XRP Ledger network also experienced strong inflows, with the amount of money in its real-world assets network rising by 10% to $2 billion. That amount is much higher than Solana’s $1.8 billion.

Brad Garlinghouse, Ripple’s CEO, predicted that over $10 trillion in assets would move to the network. 

He cited the ongoing surge in institutional-scale capital and a structural shift in global finance, where most assets are moving on-chain. For example, data compiled by DeFi Llama shows that the total RWA on-chain capital market capitalization has soared to over $20.8 billion.

Some of the top companies that are launching tokenized assets are blue-chip names like BlackRock, WisdomTree, Franklin Templeton, and Fidelity. 

Garlinghouse’s statement came two weeks after the developers launched Permissioned DEX, a tool allowing institutions to park the in the decentralized finance industry in a secure and regulated manner. 

Also, Ripple Labs recently received a banking charter from the Office of the Comptroller of the Currency. As such, it is positioning itself as an all-rounded platform offering various services to companies in the financial services industry.

XRP price technical analysis 

Technical analysis suggests that the XRP price remains in a technical bear market after plunging by double digits in the past few months. 

Ripple is about to form a mini death cross pattern, which happens when the 50-week and 100-week Exponential Moving Averages cross each other. This is a common bearish continuation sign in technical analysis.

The Relative Strength Index has dropped and is hovering slightly above the oversold level of 30. The Percentage Price Oscillator has also continued falling and is at its lowest level in years. It also formed a big double-top pattern at $3.38 and a neckline at $1.6143.

Therefore, despite its strong fundamentals, there is a likelihood that it will continue falling in the near term. The initial target will be at $1.1137, its lowest level in February. A move below that level will point to more downside, potentially to $1.

The Senate Committee on Banking, Housing and Urban Development included a provision temporarily barring the Federal Reserve from issuing a central bank digital currency in its bipartisan bill to boost housing in the U.S.

The “21st Century ROAD to Housing Act,” introduced Monday by Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, respectively the top Republican and Democrat on the committee, aims to make it easier to build houses in the U.S.

“Not only is this bill about cutting regulatory red tape, lowering costs, and expanding housing supply while generating no new spending, but it’s about making sure people like the single mom who raised me in North Charleston, South Carolina, have even greater access to economic opportunity and the American dream of homeownership,” Scott said in a statement.

“The package includes the vast majority of the Senate’s unanimously supported ROAD to Housing Act, incorporates bipartisan housing ideas from the House, and takes a good first step to rein in corporate landlords that are squeezing families out of homeownership,” Warren said in her own statement.

Neither lawmaker mentioned the CBDC ban, which occupies just two pages in the 303-page bill. Lawmakers have included the ban in previous bills, and the House of Representatives passed it as a standalone bill last year, but it has so far not made it all the way through Congress.

“Except as provided in subsection (c), the Board of Governors of the Federal Reserve System or a Federal reserve bank may not issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency directly or indirectly through a financial institution or other intermediary,” the section said.

It included a sunset provision for Dec. 31, 2030 and carved out an exception for permissionless, private “dollar-denominated” currencies that “fully preserve the privacy protections” of physical currency.

The White House published a “Statement of Administration Policy” supporting the bill, explicitly supporting the CBDC provision in the two-paragraph statement.

“The Administration highlights the inclusion of presidential priorities … to halt the development of a Central Bank Digital Currency that could be [sic] pose significant threats to personal privacy and liberty,” the statement said.