Tron’s stablecoin supply increased by a net of $1.6 billion in February, ranking first.

What else do we know besides the stablecoin market capitalization exceeding $300 billion?

The supply of stablecoins has surpassed $300 billion, with high market concentration, but second-tier stablecoins are rapidly emerging. Centralized exchanges hold large amounts of stablecoins, and liquidity activity indicates they are primarily used for market infrastructure rather than payments. The circulation speed varies across chains, revealing different uses and roles.

ETH 15-minute sharp decline of 1.23%: leveraged long liquidations and on-chain capital outflows resonate, intensifying volatility

From 17:30 to 17:45 on March 2, 2026 (UTC), the price of ETH dropped rapidly from 2058.07 USDT to 2026.2 USDT, with a short-term return of -1.23% and an amplitude of 1.55%. Short-term volatility significantly increased, market attention rose, and liquidity became tight. The main driver of this abnormal movement was the liquidation of leveraged long positions, with some contract longs triggering stop-loss orders, causing the price on the order book to plummet rapidly. Additionally, the key daily support zone was quickly broken, accelerating the technical decline, leading to

ETH short-term increase of 1.01%: ETF capital net inflow and ecological upgrade expectations resonate to drive a rebound

2026-03-02 16:30 to 16:45 (UTC), ETH short-term price surged strongly, with a 15-minute K-line showing a return of +1.01%, price range from 2044.47 to 2081.89 USDT, with an amplitude of 1.82%. Trading volume increased simultaneously, market sentiment shifted from cautious to active, liquidity improved, attracting short-term traders to pay close attention. The main driver of this anomaly is the continuous net inflow of institutional spot ETF funds. Recently, ETH spot ETF net inflow data hit new highs, continuing its strong performance in the first quarter of 2026, with mainstream financial institutions

ETH short-term increase of 1.52%: USDC large-scale burning and macro hedging sentiment resonate to boost buying interest

2026-03-02 15:30 to 15:45 (UTC), ETH price surged rapidly, with short-term returns reaching +1.52%. The fluctuation range was from 2021.82 to 2062.76 USDT, with an amplitude of 2.02%. This abnormal movement attracted widespread market attention, and volatility increased significantly. The main driver of this abnormal movement was the recent large-scale USDC Treasury burn event on the Ethereum mainnet. On January 29, 2026, 50 million USDC were burned, leading to a contraction in stablecoin circulation and accelerating the adjustment of the capital structure within the ecosystem. Some on-chain liquidity

BTC 15-minute increase of 1.41%: Geopolitical easing and institutional accumulation resonate to drive the rebound

From 15:30 to 15:45 on March 2, 2026 (UTC), Bitcoin (BTC) experienced a significant rebound in the short term, with a return of +1.41%. The trading range was between 68,433.0 and 69,535.2 USDT, with an amplitude of 1.61%. During the abnormality window, market attention increased significantly, volatility intensified, and short-term capital flow became active. The main driving force behind this anomaly is the easing of geopolitical tensions combined with a return to risk appetite, leading some funds to re-enter the cryptocurrency sector. At the same time, institutional holdings continued to increase, and spot ETF capital flows...

USDC Treasury burns approximately 61.5 million USDC on the Ethereum chain

ChainCatcher message: According to Whale Alert monitoring, the USDC Treasury has burned approximately 61.5 million USDC on the Ethereum chain.