BitGo announced its subsidiary BitGo Bank & Trust has been appointed to provide stablecoin infrastructure and institutional distribution support for SoFiUSD, a USD-backed stablecoin issued by SoFi Bank, Businesswire reports. SoFiUSD is the first U.S. dollar stablecoin from a U.S. nationally chartered, FDIC-insured deposit bank to operate on an open, permissionless blockchain. BitGo will deliver technical and operational infrastructure, institutional access, and related applications through its "Stablecoin as a Service" platform.

An unidentified wallet unstaked 1,402,039 SOL valued at $127,212,516, the original report shows. The stake release involved a large amount of SOL moving out of locked status from the unknown address.

A total of 2,318,449 SOL, valued at $210,968,707, was unstaked and transferred to an unidentified wallet. The recipient address has not been publicly attributed.

Solana (SOL) is trading near $91.70, up about 3% over the past 24 hours and roughly 6% on the week, but remains around 11% lower over the past month and almost 70% below its January 2025 all-time high of $293.31. CoinGlass data show trading volume slipped 3% to $16.4 billion while open interest increased 2% to $5.37 billion, and SoSoValue figures show Solana ETF inflows of $19.06 million on March 4. The analysis highlights $95 as a crucial resistance area where the 38.2% to 50% Fibonacci retracement clusters and where the $100 region now appears to act as resistance, with RSI recovered from oversold to slightly above 50 and 24-hour spot volume on the rebound just over $6 billion. A sustained break above $95 could open targets around $105–$110, while failure at this level may refocus attention on $85 and the recent lows near $80.

Tether made a strategic investment in fintech firm Axiym on March 5 to advance USDT integration in global payment and settlement systems, ChainThink reports. Axiym is developing a distributed funds infrastructure that embeds financial services into compliant payment ecosystems and supports a "Pay Now, Settle Later" framework with native USDT integration, enabling payment companies to deploy USDT directly in existing systems without additional settlement rails. The company's network covers 140 countries and 70 currencies, providing real-time settlement between payment processors and aggregators. Tether CEO Paolo Ardoino said the investment will expand real-world USDT use cases and support a more efficient global payment system, while Axiym founder Khibar Rassul stated direct USDT integration into regulated infrastructure can shift stablecoins from assets to core payment capabilities.

Stablecoin issuer Tether has made a strategic investment in financial technology company Axiym to advance the use of USD₮ in global payments, according to an official announcement. Axiym operates a globally distributed funds and settlement infrastructure supporting payment and settlement activities in 140 countries and 70 currencies. The partnership is designed to embed USD₮ directly into regulated payment ecosystems to streamline cross-border payment processes and improve capital efficiency. Axiym's platform offers a postpayment settlement model called "Pay Now, Settle Later" (PNSL), allowing payment companies to access USD₮ within their existing funds operations without external procurement or separate settlement channels.

Sky's native token SKY added roughly $178 million in market value over the past 24 hours, lifting its market capitalization about 10% to approximately $1.78 billion, CoinGlass data show. Perpetual market activity drove the gain, with trading capital rising 12% to $27 million while the Taker Buy/Sell Ratio held above 1 and Open Interest Weighted Funding Rate remained positive. SKY has formed higher highs and higher lows for around 15 weeks following a six-week correction that ended near Nov. 17, with about 5.1 billion SKY traded during the period, according to TradingView. Spot market participants have taken profits since around Feb. 24, driving roughly $5.8 million in total spot outflows, though this remains small relative to the recent market cap increase.

Solana and XRP exchange-traded products attracted combined net inflows of $23.25 million on March 4, with Solana ETFs receiving $19.06 million and XRP funds adding $4.19 million, SoSoValue data show. Bitcoin and Ethereum spot ETFs recorded inflows of $461.9 million and $169.4 million respectively on the same day. The allocations suggest institutional investors are diversifying into altcoins including Solana and XRP alongside Ethereum, while Bitcoin continues to lead in overall volume.

BNB Chain has launched native onchain MCP tools that enable real-time access to onchain data, transaction execution, autonomous wallet management, and permanent onchain proxy identity registration using the ERC-8004 standard, Odaily Planet Daily reports. The toolkit allows AI developers to transition from prototype frameworks to production-grade agents capable of handling real value transfers onchain. BNB Chain is providing funding and ecosystem acceleration programs to support development and open-sourcing of initial AI agent skills, with MCP-equipped agents able to read onchain data and smart contract states in real time, execute trades independently, and register permanent onchain identities via ERC-8004.