Major Crypto News Roundup - March 5, 2025

**MegaETH Labs** made two significant announcements that caught the crypto community's attention. The company revealed a **partnership with Chainlink** to integrate real-time oracle services into their infrastructure. This collaboration aims to provide more reliable and timely data feeds for their platform. Additionally, MegaETH Labs announced plans to **buy back 4.75% of their token supply**. This buyback represents a substantial commitment to reducing circulating tokens and potentially supporting token value. The news was discussed by Tyler_Did_It and rektmando on the FOMO Hour podcast, highlighting the strategic importance of both moves for the project's future development.

**MoonPay** has introduced **MoonPay Commerce**, a new payment platform that allows users to "pay with anything." The announcement was featured on **@fomohour** with **@Tyler_Did_It** providing coverage of the launch. - Expands MoonPay's services beyond crypto on-ramps - Aims to simplify payment processes across different currencies - Could bridge traditional and digital payment methods This represents MoonPay's continued evolution from a crypto gateway to a broader financial infrastructure provider.

**Elon Musk** recently praised Bitcoin, describing it as being fundamentally based on **'energy'**. This endorsement from the Tesla CEO highlights his continued interest in cryptocurrency, particularly focusing on Bitcoin's energy-intensive proof-of-work consensus mechanism. Musk's comments suggest he views Bitcoin's energy consumption not as a flaw, but as a foundational characteristic that gives the cryptocurrency its value and security. The statement adds to Musk's history of influential crypto commentary that often moves markets.

**IcoBeast analyzes Kalshi's spending strategy** on the Against The Odds podcast, explaining the prediction market platform's approach to growth. **Key insight from the discussion:** - Startups typically spend heavily on user acquisition until the growth engine becomes inefficient - This represents the standard playbook for scaling platforms in competitive markets **The episode featured:** - Hosts: Tyler_Did_It and 0xGeebz - Guest expert: IcoBeast sharing market analysis The discussion provides insight into how prediction market platforms like Kalshi approach their growth strategies in the evolving web3 landscape.

**Market Downturn Hits Crypto** Major cryptocurrencies declined with BTC at $106.5k, ETH at $3.8k, and SOL at $183. Bitcoin ETFs recorded their largest outflows since August at $531M. **Gold Reaches New Heights** Gold hit another all-time high of $4.4k as investors sought safe havens. **Major Corporate Moves** - Charles Schwab plans crypto custody launch in H1 2026 - Coinbase announces Coinbase Business platform - Visa highlights stablecoins' potential in $40T credit market **Notable Developments** - Eric Trump claims Trump family earned over $1B from crypto - Meteora introduces tokenomics with $1.08B premarket trading - Ripple leads $1B raise for XRP DAT infrastructure - OpenSea begins reward distribution program