Price Volatility

The "Meme Coin" under Japanese Prime Minister Fumio Kishida's name has plummeted 58% after being accused of having no connection to him. The token was launched on February 25th, claiming to be related to political support. After Kishida denied the connection, the market reacted strongly, and the Financial Services Agency has launched an investigation, focusing on compliance issues related to crypto assets.

Gate News Bot Message, March 04, According to CoinMarketCap data, as of press time, PHA (Phala Network) is currently trading at $0.04, up 34.79% in the past 24 hours, with a high of $0.04 and a low of $0.02. The current market capitalization is approximately $30.9 million, an increase of $7.97 million compared to yesterday. Phala Network is a hardware-secure privacy computing platform dedicated to delivering verifiable AI technology and providing enterprise-level privacy protection. The platform supports deploying privacy-preserving AI models within minutes through Trusted Execution Environment (TEE) technology. Phala Network has earned the trust of over 5,000 users, including industry players like NVIDIA, OpenRouter, NEAR, and Vana.

_Oil shock and Fed uncertainty pressure Bitcoin, while ETF inflows fail to restore strong institutional demand._ Bitcoin swung sharply after U.S.-Israel strikes on Iran triggered a weekend risk-off move across

Gate News bot message, Gate market display, ETH drops below 1950 USDT, current price 1949.45 USDT.

Gate News Bot Message, March 04, According to CoinMarketCap data, as of press time, KAVA (Kava) is trading at $0.06, up 18.37% in the past 24 hours, reaching a high of $0.07 and a low of $0.05. The 24-hour trading volume is $51.4 million. The current market capitalization is approximately $68.4 million, an increase of $10.6 million from yesterday. Kava is a decentralized blockchain that combines Cosmos’s speed and interoperability with the Ethereum developer ecosystem. The network communicates with 30 chains and $60 billion in assets within the Cosmos ecosystem via the IBC protocol, while also providing an EVM-compatible execution environment, enabling Solidity developers to build applications on the Kava network. Currently, the network has 120 million staked KAVA and 100 active validators.

Bitcoin price has recently rebounded to around $68,000, mainly driven by institutional capital inflows and short covering. Although trading sentiment remains cautious, market optimism for short-term fluctuations has increased, but high-leverage traders remain cautious, and overall confidence is gradually recovering.

The conflict between the US and Iran impacts the market, with TSMC's stock price plummeting to 1,895 yuan and the Taiwan Weighted Index falling by 94.9 points. Conversely, Bitcoin defies the trend and rebounds to $68,062, indicating investor risk aversion. Precious metal prices retreat, with gold dropping to a low of $5,119. Rising international oil prices influence inflation expectations, causing the probability of rate cuts to decrease to 2.6%. The US dollar index rises, and the market expects Bitcoin to break through $75,000 before confirming the end of the bull market.

Japanese Prime Minister Fumio Kishida on March 2 denied any connection to the SANAE TOKEN named after him, causing the token to plummet by 58%. The Financial Services Agency investigation found that the issuer did not hold the necessary exchange licenses. Similar incidents are occurring frequently worldwide, providing references for future regulation, with legal grounds potentially becoming a regulatory template for other countries.

On March 4th, the overall crypto market declined, with only the Layer2, SocialFi, and RWA sectors showing gains. Bitcoin and Ethereum fell by 0.93% and 2.41%, respectively. Some projects like Mantle and Chiliz performed notably well. Other sectors generally declined, but River and Kite defied the trend and rose.

Gate News Report, March 4th, according to CoinMarketCap data, as of press time, USUAL (Usual) is currently trading at $0.02, up 14.75% in the past 24 hours, with a high of $0.02 and a low of $0.01. The current market capitalization is approximately $26.3 million, an increase of $3.37 million yesterday. Usual is a decentralized protocol that has built a distributed banking system. The protocol issues fiat-pegged stablecoins backed by real assets (RWA), combining the security of real assets with the composability and liquidity of DeFi. USD0 is Usual's core stablecoin, fully supported 1:1 by high-quality short-term assets such as U.S. Treasury bonds, providing a stable asset that does not rely on traditional banking systems. Additionally, Usual allows users to participate in governance through the USUAL governance token.

Gate News bot message: According to the latest Gate TradFi data, AUDJPY has dropped 0.5% in the short term, with current volatility significantly higher than recent average levels, indicating increased market activity.

Gate News bot message: The Korean stock market triggered the circuit breaker mechanism and trading was paused after an 8% decline. According to Lookonchain, yesterday's trader 0x629A, who was heavily long on the Korean stock market, has shifted from profit to loss. This trader holds 47,849 shares of cash:EWY (worth $6.04 million) with a liquidation price of $115.07. Previously, trader 0x629A opened a 20x leveraged long position on the Korean stock market on the Hyperliquid platform, with a total value of $6.25 million. Source: Lookonchain

Gate News Bot Message, March 04, according to CoinMarketCap data, COOKIE (Cookie DAO) is currently priced at $0.02, up 19.12% in the past 24 hours, with a high of $0.02 and a low of $0.02. The current market capitalization is approximately $14.7 million, an increase of $2.37 million from yesterday.

Bitcoin once dropped to $66,140 before rebounding to $68,549. The market remains highly uncertain due to the Iran war. Federal Reserve officials warn of increasing inflation risks and suggest potential impacts on future monetary policy. Additionally, rising oil prices have strengthened the dollar, suppressing gold prices and dampening investor confidence.

Gate News Bot message, March 04 — According to CoinMarketCap data, MEME (Memecoin) is currently priced at $0.00069015, up 18.41% in the past 24 hours. The highest price reached $0.00071827, and the lowest dipped to $0.00056602. The current market capitalization is approximately $43.2 million, an increase of $6.71 million from yesterday. Memecoin, with the slogan "One $meme to rule them all," is an all-in-one Meme token ecosystem platform that combines Claim, Farming, and Staking functions. Users can perform various operations such as claiming MEME tokens, farming, and staking rewards through the official platform. ## Important recent news about MEME: 1️⃣ **Meme coin

Bitcoin (BTC) is priced at approximately $68,040, failing to continue its rebound. Trump mentioned that stablecoin legislation faces banking threats and called for advancing related bills. Mizuho Securities raised Circle's target stock price to $100, maintaining a neutral rating. U.S. stocks closed lower amid volatility due to the Middle East conflict, with investors concerned about geopolitical uncertainties.

Gate News Report, March 04 — According to CoinMarketCap data, at the time of publication, POWER (Power Protocol) is trading at $0.18, down 90.09% in the past 24 hours. Its highest price was $2.94, and the lowest was $0.17. The current market capitalization is approximately $38.3 million, a decrease of $3.48 million compared to yesterday.

Gate News Update, March 4th, according to CoinMarketCap data, as of press time, RIVER (River) is trading at $18.22, up 22.29% in the past 24 hours. The price reached a high of $19.32 and a low of $8.57. The 24-hour trading volume is $52.3 million. The current market capitalization is approximately $357 million, an increase of $65.1 million from yesterday. ## Recent Important News about RIVER: 1️⃣ **Multiple Strategic Financings Boost Market Confidence** River has recently received strategic support from several well-known investment institutions. Tron DAO Ventures injected $8 million to expand the Chain Abstraction infrastructure, and Maelstrom Fund (founded by Arthur Hayes) also made