This article analyzes the dynamics of the Bitcoin derivatives market, pointing out that before macroeconomic data releases, the market shows downward risks through funding rates, open interest, and liquidation data. Negative funding rates, high open interest, and the subsequent employment report collectively influence market direction, revealing how the derivatives market quickly reflects macro pressures and trader sentiment.

Pi Network released a collaboration report with OpenMind on March 5th, successfully utilizing 7 volunteer nodes to perform AI image recognition, verifying that over 420,000 idle nodes' computing power can be used by AI companies. This move aims to commercialize node computing power, opening a new revenue stream for operators through cryptocurrency rewards, and exploring the integration of decentralized computing power and AI. Although it is still in the research stage, this proof of concept provides a new pathway for future development.

The U.S. labor market showed signs of weakening in February, with non-farm jobs falling by 92,000, complicating the Federal Reserve's policy decisions amid high inflation. Fed officials suggest this data may support interest rate cuts.

U.S. February ADP Employment Report shows the private sector added 63,000 jobs, exceeding market expectations, indicating a rebound in hiring momentum, but the increase remains moderate and below the post-pandemic peak. The annual salary growth rate remains steady at 4.5%, with construction and education/health services contributing the most new jobs. The report may influence the upcoming March non-farm payroll data.

American Bitcoin Corp. announced the purchase of 11,298 Bitcoin mining machines, with an expected additional hash rate of approximately 3.05 EH/s. After expansion, the company's total self-owned mining machines will reach 89,242 units. The company emphasizes accumulating Bitcoin at a cost below market price and plans to deploy at the Drammen Heller mining farm in March 2026.

Bitcoin has recently been fluctuating around $66,000. The United States will release five important economic reports this week, including manufacturing and services PMI, ADP private sector employment data, unemployment claims, and non-farm payrolls (NFP). These data could reshape market expectations for Federal Reserve interest rates and consequently influence Bitcoin's price movement. Strong data may suppress Bitcoin prices, while weak data could drive it higher.

Writing: The DeFi Compiled by: Plain Blockchain 2025 will be the year of airdrops for perpetual contract DEXs (Perps DEX). Those who used Lighter, Avantis, or Aster received huge airdrops. I still believe that engaging with perpetual contract DEXs like Extend is worthwhile. However, I expect the biggest airdrop this year to come from prediction markets. In this issue, I will explain why, introduce the prediction market platforms I am engaging with, and share a few strategies you can use to "farm" these opportunities. First, the answer to "why" is simple: Prediction market platforms are more sustainable than almost all other airdrop projects, and large players (whales) find it difficult to manipulate the system with large amounts of capital. If you're willing to invest time into managing it, this is a

Federal Reserve Board Governor Christopher Waller issued a statement in Washington, indicating that whether he supports a rate cut in March depends mainly on the upcoming February non-farm payroll report. Waller confirmed that non-farm employment increased by 130,000 in January, higher than the market expectation of 65,000, but also emphasized that "one month's good data does not constitute a trend," and is not enough to confirm that the labor market has entered a steady recovery track.

Signs of a clear U.S. economic recovery are evident, with non-farm employment, unemployment rate, and average hourly earnings exceeding expectations. However, the market's misunderstanding of slowing employment data has been noted, with experts pointing out that various factors have distorted recession expectations. In particular, the steady rise in average hourly earnings indicates that the economy is not in a recession. Although good data triggered market declines, experts believe this reaction is excessive, and future rate cuts are still possible. The Economic Surprise Index continues to rise, suggesting that the economic acceleration will persist and the likelihood of a recession is low.

Bitcoin drops to around $66,000, with US Bitcoin ETFs experiencing outflows of over $3.2 billion in the past 30 days. Data released on Wednesday shows that the US labor market in 2026 started stronger than expected, with non-farm payrolls increasing by 130,000 in January, well above expectations, and the unemployment rate decreasing from 4.4% to 4.3%. The January CPI release on Friday will be the next key point, with expectations of a 0.3% increase in both overall and core CPI month-over-month.