SoSo Daily Mar 7 | Binance has suspended the listing of RedStone (RED), and the recovery time is yet to be determined.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is ROAM. As of 23:50 today, its market cap is 45.18M, with a coin price of 0.37650 USD, witnessing a 24-hour increase of 653%.
The second is RedStone. As of 23:50 today, its coin price is 0.67510 USD, with a 24-hour increase of 575%.
The third is Neiro on ETH. As of 23:50 today, its coin price is 0.000012414 USD, showing a 24-hour increase of 504%.
In fourth place is Bluzelle. As of 23:50 today, its coin price is 0.072600 USD, with a 24-hour rise of 88.6%.
In fifth place is DeFiChain. As of 23:50 today, its coin price is 0.013590 USD, increasing by 77.2% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to Wu, Binance's official announcement states that due to the RedStone (RED) project's sudden change in the community airdrop allocation plan, Binance has suspended the RedStone trading launch originally scheduled for March 6, 2025, at 13:00 (UTC), with a resumption time to be determined. The announcement pointed out that the RedStone project originally promised to allocate 9.5% of the total supply to the community for airdrops, but this ratio has now been reduced to 5%. Binance stated that it is actively negotiating the final details with the project team to ensure the best outcome for users and will provide more information in subsequent announcements.
Next news:Bitwise, a cryptocurrency index fund manager, has partnered with Maple Finance to offer institutional clients access to DeFi and onchain credit investment opportunities. This collaboration marks Bitwise's first DeFi allocation and reflects a trend of institutional capital moving towards structured, transparent, and yield-generating opportunities in the digital asset space. Maple Finance, known for issuing over- and under-collateralized loans backed by digital assets, aims to provide consistent, risk-adjusted yields. The partnership is seen as a pivotal step in increasing transparency and reducing risks in crypto lending, an industry that has faced challenges such as bankruptcies of centralized credit firms. Bitwise, managing $12 billion in client assets, continues to expand its offerings, including alternative crypto ETFs.
Next news:

According to Wu, David Sacks, the "Crypto Czar" and head of AI and crypto affairs at the White House, stated, "Over the past decade, the federal government has sold approximately 195,000 bitcoins, generating $366 million in revenue. If the government had held these bitcoins, their value today would exceed $17 billion. This is the cost to American taxpayers of not having a long-term strategy."

Next news:Wu learned that YZi Labs announced an investment in the decentralized AI laboratory Tensorplex Labs, which focuses on developing AI applications, infrastructure, and tools to advance AI with decentralized technology. Tensorplex's main products include Tensorplex Dojo, a decentralized platform that collects human preferences and feedback data aimed at optimizing AI training and supporting human-machine collaboration; and Backprop Finance, a DeFi platform serving the Bittensor ecosystem, providing dTAO trading analysis and capital solutions.
Next news:

According to Wu, multi-signature wallet Safe{Wallet} has released a latest post disclosing the progress of the security incident investigation in collaboration with Mandiant, dated February 21. The FBI has identified that the over $1.40 billion hack was initiated by the North Korean-linked group TraderTraitor (UNC4899). The attackers bypassed multi-factor authentication by infiltrating developers' laptops and hijacking AWS session tokens. Mandiant's preliminary report indicates that despite Safe implementing strict security measures, the attackers were able to breach defenses, with gaps in the investigation due to malware being cleared. Safe's smart contracts were unaffected, and the infrastructure has been reset, detection enhanced, and hardware wallet signature support suspended. The team calls for the Web3 industry to improve transaction verification UX, strengthen collective defense, and launch the verification tool Safe Utils. A complete report and details on network recovery are pending publication.

Next news:Brazilian fintech company Méliuz plans to allocate 10% of its cash reserves to Bitcoin.
Next news:According to reports, RedStone has announced an immediate adjustment to the selection process and distribution plan for the RED token airdrop. RedStone will allocate an additional 2% of the total supply of RED tokens from the "ecosystem and data providers" to recognize the contributions of community members who were overlooked in the initial airdrop distribution. This additional airdrop will be open for claims on March 6, 2025, at 23:00 UTC+8. Additionally, another 4.5% of tokens from "community and genesis" will be distributed 6 months after the TGE (March 6, 2025), with specific arrangements to be announced later.
Next news:Sam Altman's World project has introduced new features to its app, including chat and crypto payment functionalities, aiming to enhance its super app capabilities. The app allows users to verify their identity in exchange for WLD tokens, ensuring interactions with verified humans. The World App, with over 24 million users, integrates chat and payment seamlessly, allowing easy crypto transactions. Developers can now incorporate World Chat into their Mini Apps, enhancing user interaction. Despite its growth, World App's user base is still smaller compared to major platforms like WeChat and X.
Next news:The price of $BTC has dropped below $90,000, with a daily increase of 1.87%. According to a report by PANews on March 6, the OKX market shows that $BTC has just fallen below $90,000, with the current trading price at $89,988.10 and a daily increase of 1.87%.
Next news:

The number of initial jobless claims in the United States for the week ending March 1 was 221 thousand, lower than the market expectation of 235 thousand and a decrease from the previous value of 242 thousand. This data indicates that the labor market conditions in the United States may be better than expected.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.