Market Report: Top 5 Cryptocurrency Gainers on February 28, 2026, led by Chiliz

VVV (Venice Token) up 24.08% in the last 24 hours

Gate News Bot Message, March 2nd, according to CoinMarketCap data, as of press time, VVV (Venice Token) is currently priced at $6.63, up 24.08% in the past 24 hours, with a high of $6.65 and a low of $3.18. The 24-hour trading volume reached $43.6 million. The current market capitalization is approximately $294 million, an increase of $57 million from yesterday. ## Important Recent News about VVV: 1️⃣ **Airdrop Completion and Token Burn Event** Venice's airdrop program has officially concluded, with $100 million worth of unclaimed VVV tokens being burned. This move directly reduces the circulating supply in the market, strengthening the token's scarcity and supporting its price. The burn event signals the project's emphasis on ecosystem stability, which helps to

10xResearch: Market positions have been cleared, but liquidity remains relatively weak

10xResearch in its latest report states that crypto market positions have largely cleared, funding rates have dropped to lows, and implied volatility has reset, but liquidity remains fragile. The US 10-year Treasury yield has declined, ETF funds experienced a brief net inflow, and options traders are adjusting their positions around key March events.

The outbreak of war between the US and Iran triggers a liquidation wave in the crypto world, with Brother MaJi's 25x leverage being liquidated again.

February 28, Israel launched a military operation against Iran with support from the United States, causing significant volatility in the crypto market. Major cryptocurrencies such as Bitcoin, Ethereum, and Solana all experienced sharp declines, especially when a well-known artist Huang Licheng was forcibly liquidated due to holding an Ethereum position with 25x leverage, resulting in a substantial loss of funds. This incident highlights the market risks associated with high leverage. The event has drawn widespread attention, and the crypto market's response to geopolitical risks has been swift. Investors should exercise caution in managing their risks.

New XRP Ledger Sidechain Proposal Aims to Bring Options Trading to XRPL - U.Today

The proposed XRPL options sidechain aims to establish a native derivatives layer for the XRP Ledger, inspired by successful models like Hyperliquid. It focuses on American-style options and margin trading while enhancing security with advanced authentication methods.

Cardano Links With Circle xReserve as USDCx Goes Live

The introduction of USDCx on Cardano via non-custodial contracts allows seamless crosschain transfers and boosts early DeFi projects. Post-launch metrics indicate significant growth in total value locked, showcasing rising interest in the ecosystem.