Crypto News Today, 5th March : Ripple News, Trump Speech Today, Pi Network News

Binance’s reserves surged by $4.5B in the past month, amid Bybit’s $3.45B outflows triggered by a recent hack. Meanwhile, Bitfinex and HTX enjoyed positive inflows, contrasting with persistent outflows from OKX and KuCoin. These shifts highlight dynamic market movements and varying investor confidence. Overall, crypto exchange trends remain volatile.

Ethereum’s MVRV ratio fell to 1.01, the lowest level since October 2023 when prices were just below $1,600. IntoTheBlock explains that the MVRV ratio helps identify market tops and bottoms. Historically, a ratio around 1.01 has signaled local bottoms, but it’s unusual to see such a low figure during a bull market. Typically, bear markets push the ratio even lower—sometimes below 0.70—making this drop a noteworthy signal in the current market environment.

Active XRP addresses surged 620% in the past week, jumping from 74,589 to 462,650. This follows a sharp 50% decline between early December and late February when active wallets dropped from 202,250 to 101,169. Meanwhile, XRP’s price climbed roughly 25.48% from $1.99 on Feb. 28 to $2.05 today, peaking at $3.29 on March 2. The rally was partly fueled by news that President Trump approved a U.S. strategic crypto reserve including XRP alongside Bitcoin, Ethereum, ADA, and SOL.

Defillama reports that Binance recorded $3.971 billion in net inflows from Feb. 21-27, 2025, following the Bybit hacking incident. Overall, Binance saw net inflows of $5.323 billion in February. The exchange has consistently attracted substantial capital, with over $3 billion in net inflows during six of the past 12 months, peaking at $9.2946 billion in November 2024.

According to The Pavlovic Today, U.S. Commerce Secretary Howard Lutnick stated that President Trump will reveal a strategy for a Bitcoin reserve at the White House Crypto Summit. In his remarks, Lutnick noted, “So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently.” This implies that while Bitcoin may be prioritized as a strategic reserve asset, other cryptocurrencies could see tailored, positive policy measures to foster innovation in the digital asset sector.

China has set a bullish economic growth target of 5% for 2025, matching the figure for 2024 despite ongoing tariff disputes with the U.S. This week, President Trump doubled tariffs on all Chinese imports to 20% from 10%. In response, Beijing imposed 15% tariffs on U.S. imports of chicken, wheat, corn, and cotton, and 10% on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy. Additionally, China’s Ministry of Commerce added 15 American companies, including drone maker Skydio, to its export control list. Rising trade tensions underscore economic stakes.

Ethereum core developer Terence announced that the Sepolia testnet has been smoothly upgraded to the new Pectra hard fork, achieving a near-perfect proposal rate. This upgrade includes key changes from EIP-2935, EIP-7002, and EIP-7251, marking an important step in Ethereum’s development. The mainnet upgrade is scheduled for mid-March 2025, and this successful testnet transition boosts confidence in the upcoming improvements. The update aims to enhance network performance and set the stage for further scalability and functionality.

Binance, the world’s largest exchange, is reviewing the listing of the $PI token after receiving 202,547 votes with 87.1% in favor. The final decision will depend on the project’s roadmap, technology, community, and quality. Critics, however, point out inconsistencies, noting that coins like Trump Coin were listed within 24 hours. Despite these concerns, many remain optimistic, believing that a Binance listing could be a game changer for the Pi Network, enhancing its credibility and boosting its market presence.

Ricardo Salinas, founder and chairman of Mexican conglomerate Grupo Salinas, revealed that 70% of his investment portfolio is now allocated to Bitcoin-related assets, up from 10% in 2020. Speaking with Bloomberg on March 4, Salinas said he is “all in” on Bitcoin, while the remaining 30% is invested in gold and gold miners. He described Bitcoin as “the hardest asset in the world” due to its fixed supply, advising investors to dollar cost average and never sell. His approach excludes bonds, retaining company shares in Grupo Elektra (notably $3.64 billion).

Pro XRP lawyer John Deaton addressed a packed agenda on digital asset strategic reserve debates, covering topics such as whether the reserve should be limited to Bitcoin or extend to include XRP, ADA, SOL, ETH, and more. He noted the discussion’s potential impact on the Ripple case and mentioned the upcoming Crypto Council meeting this Friday. Deaton and @CGasparino initially hoped for a longer segment yesterday, but @realDonaldTrump’s press conference forced a shorter discussion. With @EleanorTerrett and Charlie joining him, he will continue the conversation live at 4PM on X.

On March 5, 2025, cryptocurrency ETFs showed a marked divergence. The Bitcoin Spot ETF recorded a significant net outflow of $143.5 million, reducing its total net asset value to just under $100 billion. In contrast, the Ethereum Spot ETF experienced a net inflow of $14.6 million, ending an eight-day streak of outflows. This shift in investor sentiment suggests that while investors pull capital from Bitcoin ETFs, they are beginning to favor Ethereum ETFs overall.

Bitcoin price is currently at $86,902, up 4.17% in the last 24 hours. The price has bounced between $81,562 and $88,992, driven by institutional interest, regulatory moves like the U.S. Crypto Strategic Reserve announcement, and expectations of a Fed rate cut. Strong support at $82,000 and resistance near $89,500 are key levels to watch. Increased whale activity and positive on-chain data suggest that if conditions remain favorable, Bitcoin could even push past $100,000 by mid-2025.

Bitcoin is hovering around $87,600 after bouncing off a key support near $85,000, which aligns with its 200-day EMA. If this level holds, BTC may push back up to retest its $95,000 high, but a break below could send it down to $73,000. Ethereum and Ripple have similarly found support at around $2,125 and near their 100-day EMA, respectively. Meanwhile, improving RSI readings hint at a possible rally as traders await insights from the upcoming White House Crypto Summit.

Metaplanet recently bought another 497 BTC for $43.46M, paying $88,938 per Bitcoin. With this purchase, its total Bitcoin holdings now stand at 2,888 BTC worth about $251.18M. The average buying price across their portfolio is $84,325.

The Chinese embassy has issued a statement saying that if the U.S. chooses to engage in war—whether it’s a tariff war, a trade war, or any other kind of conflict—China is prepared to fight until the end. This strong message signals that China is determined to defend its interests, no matter what form the confrontation takes.

President Donald Trump, during his second inaugural address, announced that the U.S. will work to land American astronauts on Mars. He described this mission as a new chapter in America’s destiny, similar to the nation’s early expansion. The idea comes amid talks about whether such a mission is possible and political buzz over Trump’s links with Elon Musk. His speech painted a picture of a future where America leads in space exploration and reaffirms its role as a global pioneer.

President Trump is set to host the first-ever White House Crypto Summit on March 7, 2025. The event will bring together industry leaders, policymakers, and innovators to discuss cryptocurrency regulation and foster blockchain innovation. This summit aims to establish a balanced framework that encourages growth while addressing potential risks in the crypto sector. The summit could shape future policies and elevate the United States as a key player in digital asset management and beyond.