Daily Alpha and Summary. March 3, 2025

DeFi

On Wednesday, Ethena will release 2.07 billion ENA tokens, representing 66.19% of its circulating supply and valued at $910.15M

Ethereum Pectra upgrade is live on Sepolia Testnet, expect mainnet launch in April

Cronos put forward a governance proposal to create a Cronos Strategic Reserve, aiming to reissue the 70 billion CRO tokens burned in February 2021

State of the Market

On March 7, US President Donald Trump’s crypto summit at the White House is the key event in the crypto space this week, as he may potentially order the Crypto Reserve right there.

Trump to advance talks on creating XRP, ADA, SOL reserve. I expect more Altcoins to be added to US Crypto Reserve: Link tokenization role, Ondo ties to Trumpy, LTC ETF