OKX on Tuesday rolled out an AI-focused upgrade to OnchainOS, its developer platform, pitching it as infrastructure for autonomous crypto trading agents.

The AI layer builds on familiar components such as wallet infrastructure, liquidity routing, and on-chain data feeds, combining them into a unified execution framework aimed at AI agents operating across chains.

Rather than wiring price feeds, token approvals, gas estimation, and swap routing manually, developers can connect an agent and issue a high-level instruction, such as swapping ETH for USDC below a certain price. OnchainOS handles the workflow behind the scenes, from monitoring markets to sourcing liquidity and confirming settlement.

The intersection between crypto and AI has grown exponentially in the past 12 months with the blockchain AI market projected to rise from $6 billion in 2024 to $50 billion by 2030.

And traders are using the technology to their advantage. One recent example was where a group of retail traders used AI to find “glitches” on platforms like Polymarket before instructing AI to trade on its behalf.

More than 60 blockchain networks are supported, along with smart routing across 500+ decentralized exchanges, according to a release from the company. OKX says the broader OnchainOS stack already processes 1.2 billion daily API calls and about $300 million in daily trading volume, underscoring that the AI layer sits on existing production infrastructure.

Access comes through natural language “AI Skills,” Model Context Protocol integration for coding agents like Claude Code and Cursor, and direct REST APIs for developers seeking more control.

OnchainOS is available globally to developers starting Tuesday March 3, the company said in a release.

BNB price is trading within a rising wedge formation, a structure that often precedes bearish breakdowns. With price nearing major resistance near $657, a move toward $580 becomes increasingly likely if support fails.

BNB’s (BNB) recent price action reflects a corrective phase rather than a confirmed bullish expansion. While the asset has been gradually pushing higher, the structure of the advance suggests weakening momentum.

The development of a rising wedge pattern, combined with heavy overhead resistance, places the market at a critical inflection point where downside risk is building.

BNB price key technical points

• Bearish Pattern: Rising wedge formation nearing apex.
• Major Resistance: $657 aligns with 0.618 Fibonacci and wedge resistance.
• Downside Target: Breakdown projects toward $583–$580 support.

BNB is currently compressing within a rising wedge, a pattern characterized by higher highs and higher lows that converge over time. Although price appears to be trending upward, rising wedges are typically considered bearish formations, particularly when they develop after corrective rallies rather than strong impulsive moves.

At present, price is trading near the Value Area High, approaching a major resistance cluster near $657. This level aligns with the 0.618 Fibonacci retracement and overlaps with the upper boundary of the rising wedge. The convergence of these resistance factors creates a technically significant supply zone where sellers may reassert control.

The market is now positioned near the apex of the wedge formation, meaning volatility compression is reaching its limit. In such setups, price often breaks decisively in one direction once liquidity builds sufficiently. Given the bearish characteristics of the structure, the probability slightly favors a downside resolution.

For the pattern to activate, BNB would need to break below the lower boundary of the wedge. This confirmation would require a decisive close beneath the Value Area Low, signaling acceptance at lower prices.

A breakdown accompanied by expanding volume would validate the bearish thesis and increase confidence in a corrective move, even as Binance introduces seven AI-powered agent tools aimed at automating trading, data analysis, and risk management workflows.

Should this scenario unfold, the next high timeframe support sits near $583–$580, which represents the broader range support and prior structural demand. This level becomes the primary downside target in the event of a wedge breakdown.

From a market structure perspective, BNB remains within a corrective environment. Despite recent upward movement, the asset has not yet reclaimed significant high timeframe resistance on a sustained basis. Until the $657 zone is decisively broken and converted into support, upside continuation remains uncertain.

Volume dynamics also warrant attention. Breakouts from wedge patterns typically require increased participation to confirm direction. A surge in selling volume during a breakdown would reinforce the bearish case, while strong bullish volume pushing above $657 would invalidate it.

The technical setup currently leans bearish, with downside risk emerging should lower support fail, even as Senator Richard Blumenthal has opened a Senate inquiry into Binance over reports it processed $1.7 billion in transactions tied to sanctioned entities, adding regulatory uncertainty to the broader landscape.

What to expect in the coming price action

BNB remains vulnerable while trading within the rising wedge and below $657 resistance. A confirmed breakdown below the Value Area Low would activate the pattern and project a move toward $580 support.

Conversely, a strong breakout above resistance with volume expansion would negate the bearish setup and shift momentum back to the upside.

Japan’s economic security minister Sanae Takaichi said she has “absolutely no knowledge” of a Solana-based meme token bearing her name, after the cryptocurrency briefly surged to a market capitalization of around $30 million million.

“I have heard that a cryptocurrency called SANAE TOKEN has been issued and is being traded to some extent,” Takaichi wrote on X. “Due to the name, it seems there are various misunderstandings, but regarding this token, I have absolutely no knowledge of it, nor has my office been informed about what this token entails. We have not given any approval whatsoever in this matter.”

Her statement came after the token reached a market capitalization of $27.72 million before falling back to around $6 million. Onchain data cited by Wu Blockchain showed that the top three addresses held roughly 60% of the token’s supply, with several leading wallets recording notable inflows.

This is not the first time a memecoin inspired by a political figure has caused a stir, with the LIBRA token initially framed as being backed by Argentina president Javier Milei, leading to political turmoil.

Takaichi said she issued her statement “to ensure that the public does not labor under any misapprehensions,” distancing herself and her office from the project.

Spot XRP ETF inflows top $1.2b as rising exchange outflows signal tightening supply dynamics.

As spot XRP ETF inflows accelerate, the market is showing a highly significant and signal-rich shift: capital is entering, while tokens are leaving exchanges. 

Multiple data sources indicate that cumulative XRP ETF inflows have exceeded $1.2 billion, at one point approaching $1.4 billion. At the same time, more XRP holders are transferring tokens from exchanges to self-custody wallets, with on-chain outflows clearly increasing.

When “ETF capital inflows” and “declining exchange supply” occur simultaneously, markets are often pricing in stronger mid-term expectations — a structure that typically brings heightened volatility alongside trend potential.

Amid rising self-custody demand, some investors are shifting focus from purely price speculation to capital efficiency, including building more stable passive income structures through cloud mining models such as BFXMining, which are gaining increased attention.

ETF inflows + exchange outflows: Is XRP’s supply structure tightening?

ETF inflows signal one clear message: traditional capital is entering the XRP market through regulated, transparent channels. Meanwhile, holders withdrawing tokens from exchanges often suggest two dynamics:

• Reduced short-term sell pressure: fewer tokens available on exchanges
• Stronger holding conviction: self-custody typically reflects longer-term positioning

When these forces converge, XRP may experience a structural shift of “rising demand + tightening supply.”

However, for investors, this also implies one thing: price moves may become faster, and volatility may intensify.

The self-custody wave: A market entering a high-sensitivity phase

Self-custody is not just a technical decision; it reflects market psychology.

During ETF-driven capital inflow phases, exchange withdrawals often indicate stronger bullish expectations and longer holding horizons. At the same time, reduced exchange liquidity can amplify price elasticity — rallies may accelerate, but pullbacks may also become sharper.

This is why, as ETF momentum builds, more investors are adopting a “directional exposure + cash-flow structure” strategy: participating in trend opportunities while ensuring capital continues generating income during volatility.

BFXMining: Building daily passive income during XRP’s structural shift

Before a full breakout materializes, BFXMining has drawn increasing interest for a simple reason: it offers a yield path that does not rely solely on short-term price swings through its cloud mining contract model.

Users do not need to purchase mining hardware or manage electricity and maintenance costs. By selecting contracts tied to major assets such as BTC, ETH, and XRP, participants can access:

• Automated operations
• Daily yield settlements
• Flexible allocation adjustments
• Withdrawals according to contract terms

As XRP potentially enters a higher-volatility phase driven by ETF inflows and tightening supply, mining-based income continues operating under predefined rules, providing a stabilizing cash-flow layer within diversified portfolios.

3-second self-check: Need a cash-flow supplement?

A cash-flow structure may be prioritized if:

• XRP is held, but exposure does not need to be reduced during volatility
• There are concerns about ETF-driven price swings
• Reliance on directional predictions needs be reduced
• Capital is preferred to continue generating returns during consolidation phases

If the answer is “yes,” there may not be a need for a more aggressive position, but a more resilient structure.

Compliance and operational transparency

According to publicly available information, BFXMining is headquartered in the United Kingdom and aligns its operational framework with the EU’s MiCA regulatory standards and MiFID II financial guidelines.

From a security standpoint, the platform employs multi-layered technical infrastructure, external audits, and insurance mechanisms to enhance operational transparency and stability. Investors should independently evaluate platform terms, risk disclosures, and applicable regulatory conditions before participating.

Getting started takes just three steps

1. Create an account and claim a welcome bonus
Visit bfxmining.net and register with an email address. New users receive a $22 bonus to explore the cloud mining structure.

2. Choose a cloud mining plan
Select from multiple contract options tailored to a particular risk preference. No technical expertise required.

3. Receive daily rewards
Once activated, contracts operate automatically and distribute yields daily according to predefined rules, helping establish a steady passive income rhythm.

Mobile access and app download options are available via the official website.

Conclusion

XRP ETF inflows surpassing $1.2 billion and approaching $1.4 billion — combined with large-scale exchange withdrawals — suggest the market may be entering a “rising demand + tightening supply” structural phase. Historically, such dynamics often bring both trend opportunities and amplified volatility.

As potential acceleration unfolds, more investors are adopting a “directional exposure + cash-flow structure” approach to manage risk and capital efficiency. BFXMining’s cloud mining model is increasingly being considered as one way to build a stable passive income during this transitional phase.

For more information, visit the official website and download the mobile app.

The Bank of Japan (BOJ) announced expansion of its blockchain experimentation for settling central bank reserves, while highlighting that efforts for a retail central bank digital currency (CBDC) are ongoing.

The BOJ rolled out a “sandbox project” to experiment settlements and bank deposits using central bank money, Governor Kazuo Ueda said on Tuesday in a speech titled “The New Financial Ecosystem and the Role of Central Banks.”

“In this experimental project, the Bank will conduct technical experimentation on settlement using central bank money in the form of current account deposits on a system that uses blockchains,” Ueda said.

The bank intends to explore “methods of connection with the existing system as well as examining use cases such as domestic interbank settlement and securities settlement,” he added. Analysts say introducing blockchain for reserves settlement would allow for instant round-the-clock settlement and reduce gridlock risk in stress events.

Ueda emphasized that the retail CBDC project is ongoing. “First, the ongoing pilot program for retail central bank digital currency (CBDC) involves the bank’s continued conduct of technical experiments, which will make it possible to provide … a digital form of cash when in demand by the wider public.”

Japan began CBDC experiments in 2021 and launched a pilot program in 2023. But the central bank has not committed to issuing a digital yen. According to a prior report, the BOJ this year will decide whether to issue a retail CBDC.

Ueda also spoke of Project Agorá,” an international experiment involving multiple central banks and major private financial institutions. He said its participants are considering “building a mechanism that would enable central banks, including the Bank of Japan, to issue central bank money as tokenized deposits on the blockchain.” If successful, he said, the effort “may bring innovation in terms of streamlining cross-border payments.”

Unlike a retail CBDC, which would function as a digital form of yen for the general public, tokenized central bank deposits would represent wholesale central bank money used by financial institutions on blockchain-based infrastructure, according to Ueda’s speech.

The move to use blockchain technology to settle reserves follows decisions in the U.K. and Hong Kong to issue sovereign debt on the blockchain.

Japanese Prime Minister Sanae Takaichi publicly disavowed a cryptocurrency bearing her name and likeness. The token crashed 58% within hours, and regulators moved to investigate the issuer.

The episode is the latest in a string of political memecoins that have burned retail investors worldwide.

PM’s Denial Triggers Crash

Takaichi is Japan’s first female prime minister and one of its most popular in decades. Her LDP won 316 seats in the Feb. 8 general election, a supermajority, and her cabinet approval rating sits near 70%.

SANAE TOKEN launched on the Solana blockchain on Feb. 25 without the prime minister’s knowledge. Serial entrepreneur Yuji Mizoguchi’s NoBorder DAO community issued it as part of a “Japan is Back” initiative. The project’s website displayed Takaichi’s name and an illustrated portrait of her.

Mizoguchi had earlier stated on the YouTube show “REAL VALUE” that he was in contact with Takaichi’s side. That claim amplified speculation that the token carried some form of official backing.

On March 2, Takaichi posted on X to shut down the narrative. The post amassed over 63 million views. She said neither she nor her office knew anything about the token. She added that no approval had ever been granted.

The token’s price plunged from $0.0137 to $0.0058 almost immediately after her statement. By March 4, the market cap had cratered to roughly $62,000 with just $25,000 in liquidity.

FSA Launches Probe

Japan’s Financial Services Agency (FSA) is now investigating the token’s operators. The agency found that the issuing company lacks the required crypto exchange license.

Under Japan’s Payment Services Act, selling or exchanging crypto assets requires registration with the FSA. Violators face up to five years in prison or fines of ¥5 million.

A company called neu, led by CEO Ken Matsui, claimed responsibility for the token’s design. Matsui posted a public apology on X on March 3, saying they handled all operations.

Mizoguchi reposted Matsui’s statement and pledged cooperation with a media investigation. He wrote on X that he would not run from accountability or shift blame onto others. He said he intended to face the matter based on facts, not emotions.

Still, the gap between his earlier YouTube remarks and the prime minister’s flat denial remains unresolved.

The FSA confirmed that neu was not on its registered exchange list as of January. No subsequent application had been filed either.

The token’s structure has drawn additional scrutiny. Sixty-five percent of the total supply was reserved for operators.

Political Memecoins Under Global Spotlight

Japan’s scandal mirrors a pattern now emerging across multiple countries.

In the US, President Donald Trump launched $TRUMP on Solana in January 2025. His family and partners retained 80% of the supply and earned over $350 million in fees.

Senator Chris Murphy introduced the MEME Act to ban officials from issuing financial assets. Trump’s crypto czar, David Sacks, countered that memecoins are collectibles, not securities.

In February 2025, Argentina’s President Javier Milei promoted the $LIBRA token. It surged to a $4.5 billion market cap before crashing 89% within three hours.

Insiders allegedly extracted roughly $100 million before the collapse. Milei now faces fraud investigations and impeachment calls.

Regulatory Gap Persists

Each case exploits a similar loophole. Memecoins typically fall outside the definitions of securities in most jurisdictions.

Japan’s framework may offer a stricter path. The Payment Services Act covers crypto exchange activity regardless of token type. The FSA can act against unlicensed operators without classifying tokens as securities.

In the US, the SEC under the Trump administration has narrowed its scope of crypto enforcement. Memecoins remain largely unregulated at the federal level.

No international framework currently addresses political memecoins specifically. The gap leaves retail investors exposed to hype-driven schemes tied to public figures.

Industry observers say the SANAE TOKEN case could set a precedent. Japan’s response may shape how other regulators approach the growing trend.

Kalshi, the largest prediction market platform by monthly spot volumes, has unveiled a strategic partnership with Bezel, a specialist in authenticated luxury watches, to let Kalshi users bet on the prices of luxury watches. Kalshi announced the move in an X post today, March 3.

The partnership with Bezel is part of Kalshi’s broader strategy to enhance its offerings in the collectibles market, Bloomberg reported today, citing executives from both firms.

Bezel’s CEO and co-founder, Quaid Walker, told Bloomberg that watches have “been viewed as a financial market for a really long period of time, but it’s also passion-driven.”

Kalshi’s previous moves into collectibles markets include a recent partnership with StockX, a platform for trading physical collectibles, from trading cards to sneakers and other apparel and accessories.

Today’s announcement comes as the hybrid on-off-chain prediction platform had its best month yet, per data from Artemis. Kalshi also surpassed on-chain prediction marketplace Polymarket in monthly trading volumes for the sixth consecutive month, with $9.8 billion in trades in February.

Polymarket saw just under $8 million last month, while total sector volume was down month over month for the first time since last August, as BNB Chain-based rival Opinion recorded a massive drop.

Kalshi and Polymarket have been neck and neck in recent months, both in terms of trading volumes and valuations, after their most recent funding rounds.

The prediction market industry is navigating complex legal landscapes, with platforms like Kalshi and Polymarket under scrutiny — including in the United States, where both platforms now operate as regulated entities under the Commodity Futures Trading Commission (CFTC).

As The Defiant reported, last month, the CFTC took a strong public stance on the issue, arguing that that the agency, not individual states, should regulate prediction market platforms.

This article was generated with the assistance of AI workflows.

Centralized exchange (CEX) Crypto.com has unveiled retirement account in the U.S. the let users invest in both cryptocurrency and traditional equities in a single account.

The CEX says that the IRAs are a first of its kind for a crypto native firm, according to a press release published today, March 3.

“The launch of Crypto.com IRAs is our latest significant step in providing consumers the ability to act on and invest in financial opportunity,” Kris Marszalek, co-founder and CEO of the platform said in a statement.

Per the announcement, the Crypto.com IRAs offer features such as tax-deferred or tax-free growth, contribution matches of up to 5%, and zero account fees.

The move comes just a week after the CEX announced it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Foris Dax National Trust Bank, positioning itself as a federally regulated qualified custodian, as The Defiant previously reported.

Founded in 2016, Crypto.com is currently ranked 10th among CEXs on CoinGecko by 24-hour trading volume and trust score, with about $2.8 billion in trades today.

In April, Fidelity launched dedicated cryptocurrency retirement accounts with exposure to several major crypto assets, as The Defiant reported. The tax-advantaged accounts from the TradFi giant, however, only offer crypto investment, while clients need to keep a separate IRA account for their traditional investments.

This article was generated with the assistance of AI workflows.

TLDR

• Coinbase CEO Brian Armstrong said the Base App SocialFi experiment did not work as expected.
• He confirmed that Coinbase has shifted the Base App focus toward trading and self-custody features.
• The company relaunched Coinbase Wallet as the Base App in July 2025 with social and trading tools combined.
• Jesse Pollak stated that the app felt overly focused on social features before the pivot.
• Base removed its Farcaster-powered social feed as part of the product changes.

Coinbase CEO Brian Armstrong said the Base App’s SocialFi features “didn’t quite work” during a recent podcast appearance. He explained that the company tested onchain social tools but later shifted focus to trading. The remarks clarify Coinbase’s strategy after relaunching its wallet as an all-in-one application in 2025.

Armstrong spoke on David Senra’s podcast and addressed the SocialFi push tied to the Base App. He said the company ran the initiative as an experiment but later changed direction. Coinbase now prioritizes trading tools and a self-custodial experience within the app.

Coinbase CEO Addresses Base App SocialFi Pivot

Coinbase relaunched its noncustodial Coinbase Wallet as the Base App in July 2025. The company positioned the product as an all-in-one platform combining trading, messaging, gaming, and social media features. However, Coinbase CEO Brian Armstrong said the social focus fell short of expectations.

“In the current incarnation, it wasn’t quite there in my view,” Armstrong said. He added, “We tried it as an experiment. It didn’t quite work.”

Armstrong said the company has since pivoted toward trading and core finance tools. He described the updated app as “more focused on trading and being a self-custodial version of the Coinbase app.” Earlier this year, Base head Jesse Pollak wrote that “the app felt overly focused on social” and would “lean into a finance-first UX.”

Soon after, Base removed its Farcaster-powered social feed following changes within the decentralized social platform. The company reduced several SocialFi elements while keeping the trading infrastructure intact.

Creator Coins and Token Performance

Jesse Pollak had promoted Creator Coin features within the Base App. The feature allowed users to double-tap posts to buy related tokens, and creators received value from activity. Armstrong said users viewed the model “as a way to reward and thank the creator.” However, most creator tokens later lost value after early trading activity slowed.

Nick Shirley launched one of the most visible creator coins through Zora. His token, $thenickshirley, reached a $15 million market cap after Armstrong promoted it. However, the token later declined sharply and failed to sustain momentum. Armstrong said “many posts” carried “thousands of dollars worth of value at the terminal end” of the experiment.

Other SocialFi efforts also faced setbacks across the sector. In January, Aave Labs spun out Lens Protocol as a separate initiative. Zora later introduced “attention markets” on Solana to let users trade social trends. Base itself now replaces parts of the OP Stack with custom components and reportedly weighs a native token launch.

Armstrong said, “I think something is going to work in SocialFi,” while noting that tokenomics “have not been quite figured out yet” and must show durability.