Tether, a stablecoin operator, has frozen $27 million in USDt on the sanctioned Russian Garantex crypto exchange, leading to the suspension of operations. Garantex announced on its official Telegram channel that Tether blocked wallets worth over 2.5 billion rubles, prompting the exchange to temporarily halt all services, including withdrawals. The European Union imposed sanctions on Garantex as part of the 16th package of sanctions against Russia's actions in Ukraine. Regulators in the US were the first to sanction Garantex, with the US Department of the Treasury's Office of Foreign Assets Control imposing sanctions in April 2022. Cointelegraph contacted Tether for a response on the freezing of Garantex wallets but did not receive a reply at the time of publication.

According to the Binance Customer Support account, the limit order function for the RED/USDT pre-market trading pair was faulty from 11:39 to 12:09 on March 6th (GMT+8), during which the market order function remained operational. Binance stated that they immediately fixed the issue upon discovery and apologized for any inconvenience caused to users. Binance promised that users who incurred losses due to this system issue can directly contact Binance customer service for feedback, and will receive corresponding compensation after verification.

According to Whale Alert monitoring, USDC Treasury minted 66,499,000 USDC on the Ethereum chain at 15:47, worth approximately $66,493,247.

On March 6th, it was reported that Sunil, the representative of FTX creditors, revealed that the cryptocurrency exchange Kraken has started sending emails to FTX clients confirming that the next round of FTX asset distribution will take place on May 30, 2025.

According to Lookonchain monitoring, two hours ago, an OG wallet deposited the remaining 301 BTC (27.9 million USD) into Binance. The whale purchased 801 BTC (8.25 million USD) at a price of 10,297 USD in August 2019, and sold all of them between September 18, 2024 and March 6, 2025, making a profit of 51.8 million USD.

The Securities and Futures Commission of Hong Kong today released the Quarterly Report for October to December 2024. In the asset fund management industry, ETFs recorded a net capital inflow of $2.9 billion for the year. In the virtual asset sector, the Hong Kong Securities and Futures Commission issued batch orders to three virtual asset trading platforms at the beginning of 2025, increasing the total number of licensed platforms to ten. Currently, eight virtual asset trading platform license applications are under review.

According to Whale Alert monitoring, 140,265,879 USDT (approximately $140,411,265) was transferred from an unknown wallet to the Cobo platform at 16:28.

According to TheDataNerd monitoring, a wallet transferred 66.5 million USDC to Binance 45 minutes ago.

According to The Defiant, under the "2025 Income Tax Act," the Indian Income Tax Department will be granted the authority to monitor individual digital activities starting from April 1, 2026, including social media accounts, emails, and online financial transactions. This new power is aimed at enhancing the department's ability to detect tax evasion and undisclosed assets (including holdings of cryptocurrencies).

According to Lookonchain monitoring, a wallet sold 1,863 ETH for $2,181 after being dormant for 2 years, in exchange for 4.06 million USDC. Subsequently, the whale deposited $4.06 million into Hyperliquid, went long on BTC at a price of $89,930 with a leverage of 20, unrealized profit of $589,000, and a liquidation price of $75,186.

According to Lookonchain monitoring, two whales borrowed USDT from Aave to purchase ETH:

The probability on Polymarket of "Trump establishing a strategic Bitcoin reserve within 100 days of taking office" has risen to 24%, previously dropping to 10% on February 21. The trading volume of this prediction market has reached $8.47 million.

Former Federal Reserve Chairman Bernanke said that if reality differs from forecasts, monetary policy should be adjusted accordingly.

On March 6th, according to Deribit data, nominal value of $23.6 billion BTC options will expire and settle tomorrow, with a Put/Call Ratio of 0.72 and a maximum pain point of $89,000. In addition, nominal value of $4.9 billion ETH options will expire and settle tomorrow, with a Put/Call Ratio of 0.73 and a maximum pain point of $2300.

According to @ai_9684xtpa monitoring, a whale suspected of selling 300.9 BTC ($27.92 million) one hour ago, selling will profit $24.82 million. The whale's BTC was withdrawn from HTX six years ago (i.e. the last bear market in 2019), and it has been five months since the last sale.

After the establishment of a new cryptocurrency working group by the U.S. Securities and Exchange Commission, Coinbase is restarting its plan to tokenize its COIN stock and other securities in the United States. The plan was first attempted in 2020 but was abandoned due to regulatory obstacles. With the SEC newly forming a cryptocurrency working group, the company sees a new opportunity to integrate blockchain into traditional finance.

According to Onchain Lens monitoring, two wallets suspected to belong to the same entity have spent 20,149,945 USDS to purchase 9,147 Ethereum, with an average purchase price of 2,203 US dollars.

On March 6th, Sui ecological lending agreement Suilend posted on X platform 1 hour ago: "Due to problems with the third-party custody service provider, we are currently experiencing interruptions. Our team is actively investigating this issue and working to resolve it as soon as possible. The funds are safe because this is just a front-end issue." Regarding this issue, Suilend just released an update stating: "We have identified the problem and are actively seeking a solution." Upon checking, the Suilend front end has not yet been restored.

On March 6th, according to Coinglass data, in the past 24 hours, the total net inflow of BTC into CEX was 450.53 coins, with the top three CEX in terms of inflow as follows:

Cardano (ADA) founder Charles Hoskinson claimed to know nothing about "the Trump team seeking to include ADA in cryptocurrency reserves." We have no idea about this matter at all, and no one has talked to us about it. When I woke up on March 2nd, I received 150 congratulatory messages, but I really don't know what happened. Charles Hoskinson added.