According to The Kobeissi Letter, global net gold purchases by central banks reached 24 tonnes in February, marking the highest monthly total since November 2024. This trend signifies the 20th month of net buying over the last 21 months and indicates a sustained interest in gold as a reserve asset. Such consistent buying behavior suggests a potential hedge against fiat currency volatility, which could impact cryptocurrency markets by influencing investor sentiment towards digital assets. Crypto traders should monitor these developments, as shifts in traditional asset allocations could signal broader market movements.

According to Michael Saylor, the US Treasury and Commerce Departments are exploring new methods to increase their Bitcoin holdings for national reserves. This move could signal a significant shift in the government's approach to cryptocurrency as a reserve asset. - @saylor

According to Lookonchain, Bybit experienced a significant hack resulting in the theft of $1.4 billion from its $16.2 billion reserve assets, accounting for 8.64% of its total reserves. This incident raises concerns about security measures and could impact trading volumes and trust among users on the platform. Source: CoinMarketCap.

According to Lookonchain on Twitter, Bybit experienced a significant security breach where $1.4 billion was stolen, accounting for 8.64% of its $16.2 billion reserve assets as reported by CoinMarketCap. This substantial loss could impact Bybit's liquidity and trading operations, necessitating closer scrutiny by traders regarding its reserve safety and future asset security measures.