President Donald Trump has nominated Kevin Warsh to serve as Chairman of the U.S. Federal Reserve. Warsh is known as a strong supporter of Bitcoin, which may draw attention from cryptocurrency market participants.

Huang Licheng, also known as "Maji Dage," has increased his ETH long position to 6,050 ETH, valued at about $13 million, with an unrealized profit of $670,000 as of March 5, HyperInsight data cited by ChainThink show. The average entry price is $2,039.93 per ETH, and the liquidation level is set at $2,012.10.

U.S.-listed Jiuzi Holdings Inc. (Nasdaq: JZXN) entered into a strategic agreement with a global digital asset investor to acquire 10,000 BTC through an equity swap valued at approximately $1 billion, GlobeNewswire reports. The investor will contribute its BTC holdings in exchange for JZXN equity, and both parties plan to cooperate on digital asset treasury management, cross-border crypto settlement, liquidity management and participation in crypto infrastructure. Jiuzi Holdings Inc., headquartered in Hangzhou, China, previously focused on new energy vehicle sales through franchised and company-owned dealerships.

OKX launched OnchainOS, an artificial intelligence toolkit enabling autonomous AI agents to execute trades, process payments, conduct market analysis and manage wallets across multiple blockchains. The platform serves as infrastructure for automating on-chain activities through AI-powered agents operating across different networks, the company announced.

A whale address reportedly linked to Matrixport is sitting on over $22 million in unrealized profits from long positions in ETH and BTC as markets rallied on March 5, Lookonchain data show. The address holds 120,000 ETH valued at $258.7 million and 650 BTC worth $47.7 million.

Circle minted 2 billion USDC over the past two days, the company's official account disclosed. The issuance added to the stablecoin's circulating supply during the period.

Total crypto liquidations hit $113 million over the past hour, with $102 million wiped from short positions and $10.86 million from long positions, according to Coinglass data cited by Odaily Planet Daily. Within this move, BTC-related liquidations amounted to $76.74 million, while ETH-linked liquidations reached $34.57 million across the network.

Kraken Financial, the Wyoming-chartered banking subsidiary of crypto exchange Kraken, has secured a limited-purpose master account with the Federal Reserve Bank of Kansas City, becoming the first crypto-native firm with direct connectivity to the U.S. central bank's core payment system, the Kansas City Fed said. The one-year approval allows Kraken Financial to process fiat deposits and withdrawals linked to digital-asset markets through the Fed's payment rails rather than correspondent banks, while remaining under ongoing supervision by the Kansas City Fed and Wyoming regulators and classified as a Tier 3 entity under the Fed's account access framework. Kansas City Fed officials said the decision followed an assessment of Kraken Financial's business model and risk profile under the Federal Reserve's Account Access Guidelines, a cautious approach that contrasts with the Fed's 2023 denial of a similar application from Wyoming-based Custodia Bank. Kraken co-CEO Arjun Sethi told the Wall Street Journal that direct access should enhance the reliability and efficiency of fiat settlement for digital-asset trading and represents a significant milestone for both the company and the broader crypto industry.