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Every non-stablecoin among the top 45 cryptocurrencies by market capitalization traded in the red, with double-digit losses dominating the sector. Bitcoin, the largest crypto asset, fell below $87,000, though its market dominance climbed to 60.5% as investors fled riskier altcoins. The global crypto economy has shed billions since Trump’s original Feb. 1 tariff announcement and his followup statements on Monday. Telcoin (TEL) led Tuesday’s collapse, plummeting 24.5%, while chex token (CHEX) and bittensor (TAO) dropped 23.93% and 19.31%, respectively. Mid-cap assets like raydium (RAY) and hedera (HBAR) fell 18.16% and 16.59%, with AAVE, gnosis (GNO), and fantom (FTM) each down over 15%. The sonic preview token (SONIC) slid 14.85%, and ethereum name service (ENS) lost 15.02%. Only a handful of tokens defied the trend: ACT surged 16.49%, IP rose 15.61%, and binaryx (BNX) gained 9.48%. All reports have tied the crash to escalating concerns over Trump’s proposed tariffs on Canadian and Mexican imports and levies on Chinese goods, which investors fear could destabilize global trade and inflation. Bitcoin’s relative stability contrasted with altcoins’ meltdown, highlighting its perceived role as a digital safe haven. However, its drop below $87,000 — seeing a 7% daily decline — still reflected broader market anxiety for even the top crypto asset. Alongside this, U.S. Treasury yields rose Tuesday morning, compounding pressure on speculative assets, and benchmark stock indices are all down. Monday’s and Tuesday’s major crypto sell-off highlighted altcoins’ acute sensitivity to macroeconomic shifts, with losses far outpacing bitcoin’s. The crash, now the worst of 2025, signals deepening ties between crypto markets and geopolitical policy — a reality challenging the sector’s decentralized ethos. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Following CZ and Vitalik’s glistening endorsements of decentralized science (DeSci) in the last few months, the movement has been revived and is being hailed as the next great frontier in web3. DeSci promises to democratize research funding, enhance transparency, and create global open collaboration. The idea is tantalizing: a blockchain-powered transformation of the scientific process that bypasses the inefficiencies and biases of traditional, centralized funding systems. You might also like: Decentralized science is modernizing outdated systems | Opinion But for all its promise, DeSci today is at a perilous crossroads, at risk of collapsing under the weight of its own immaturity and short-termism. Despite some promising initiatives, such as VitaDAO’s longevity research and BIO Protocol’s DAO-driven funding for niche medical projects, the current state of DeSci, unfortunately, is characterized more by speculation than by meaningful, sustainable progress. Too many projects are focused on cash grabs and quick wins, fueled by flashy claims about solving complex problems within impossibly short timelines. This is exemplified by platforms like Pump.fun, which gamifies drug development with tokenized experiments tied to compounds. Science doesn’t work this way. The process of discovery, specifically drug development, is painstakingly slow, staggeringly expensive, and relies on years of collaboration across institutions. Yet DeSci has become a playground for quick financial opportunities rather than a vehicle for advancing meaningful research. This isn’t the revolution the industry needs; it’s a distraction What’s worse is that the allure embedded in the speculative nature of DeSci risks undermining the trust and credibility essential for scientific progress. Crypto investors, drawn to the promise of onchain science—an idea that feels futuristic and transformative, even if the mechanisms underlying it are rudimentary and underdeveloped—are repeating patterns seen in the AI and EV investment booms. This trend is emblematic of a broader behavior within the crypto community, where success is often measured by how quickly an investment “rips upwards” rather than the quality or feasibility of the underlying project. Much like AI tokens that surged without meaningful differentiation, DeSci is becoming a catch-all for speculative capital. For many, the focus is not on advancing science but on crafting a narrative to inflate token valuations. What is crucial is an understanding of what good science is all about Good science is anything that improves our knowledge in a meaningful way. Right now, what tends to be considered meaningful is what is monetizable—but this is an incomplete metric. The short answer is that good science is anything that increases our knowledge, and the best way of doing that is by expanding our knowledge perspectives. Research in areas like longevity, climate science, and rare diseases exemplifies this by pushing the boundaries of what we know while offering real-world applications. Accuracy is fundamental, yet much of science today is failing in this regard. For research to be worth investing in, it must be credible, rigorous, and impactful. However, the impact cannot simply be measured in financial terms—it must reflect real contributions to the body of scientific knowledge. This should be a key measure of success, reinforcing that science, at its core, relies on credibility. If DeSci continues to be synonymous with hype, hollow promises, and speculative trading, it will never onboard the very researchers, institutions, and policymakers it needs to succeed. This isn’t just a loss for DeSci; it’s a loss for science and society as a whole. This is not to dismiss the incredible potential of DeSci. The reliance on market mechanisms is often touted as a strength of DeSci, and it’s easy to see why. Science is fundamentally about generating, validating, and disseminating information—a process that aligns naturally with the emerging concept of information markets. These markets leverage decentralized tools like prediction markets, quadratic funding, and transparent peer review to aggregate knowledge, incentivize collaboration, and allocate resources efficiently. These mechanisms could address many inefficiencies in traditional systems, but they are currently underdeveloped or misused in DeSci, treated more as speculative instruments than engines for meaningful innovation. Prediction markets, for instance, could enable stakeholders to bet on the success of scientific experiments or hypotheses, aggregating collective intelligence to guide funding toward high-potential projects. However, their effectiveness depends on rigorous, well-validated hypotheses rather than hype-driven speculation. If structured properly, prediction markets could serve as a tool to prioritize research that is accurate and impactful, rewarding projects that meaningfully expand scientific understanding rather than those that simply attract attention. Looking to quadratic funding, this could amplify grassroots support for unconventional ideas, leveling the playing field for underrepresented researchers and niche fields. However, for it to be truly valuable, it must be directed toward projects that enhance our knowledge perspectives rather than those that are simply popular or financially promising. Meanwhile, a decentralized peer review system could transform the opaque, slow, and biased centralized academic publishing process into one that is transparent, accountable, and accessible. By incentivizing rigor and rewarding contributions, these tools could align perfectly with DeSci’s ethos of openness and collaboration. The interplay of these tools within the broader framework of web3’s information markets is where DeSci’s true potential lies. At its best, DeSci could be a revolution. It could democratize access to research funding that is incredibly hard to come by, empower marginalized voices, and create an ecosystem where breakthroughs happen faster and benefit more people. But realizing this vision requires more than technology—it demands a shift in priorities and culture. DeSci must move beyond its current fixation on speculative tokens and cash-grab projects, embracing the principles of sustainability, accountability, and collaboration that underpin meaningful progress. DeSci is at a crossroads. It can continue down its current path, chasing speculative highs and risking irrelevance. Or it can take a harder but more meaningful road—one that prioritizes substance and sustainability over spectacle and short-term wins. The choice is ours to make, but the time to act is now. Science deserves better, and so does DeSci. Read more: From lab to ledger: Human keys secure scientific integrity | Opinion Author: Ciarán Murray Ciarán Murray is a seasoned veteran of the blockchain industry with a background in media and distributed technologies. He holds an MSc in Politics & Government in the European Union from the London School of Economics and a BA in Economics and Sociology from Trinity College Dublin.

$ZOO in this bloodbath of $BTC and altcoins this newely launch token $ZOO is the centre of whales and small traders with MCAP of only 2M at the moment and volume is 2× over so bullish potential at peak here today. pack your bags with $ZOO today and take some good profit in this bloodbath.🚀🚀🚀 $ETH $SOL $PI $TRUMP $GRASS $DOGE $XRP $BNB $BGB $SUNDOG $ALCH $BROCCOLI $VANA $IP $SWARMS $ACT

$ZOO in this bloodbath of $BTC and altcoins this newely launch token $ZOO is the centre of whales and small traders with MCAP of only 2M at the moment and volume is 2× over so bullish potential at peak here today. pack your bags with $ZOO today and take some good profit in this bloodbath.🚀🚀🚀 $ETH $SOL $PI $TRUMP $GRASS $DOGE $XRP $BNB $BGB $SUNDOG $ALCH $BROCCOLI $VANA $IP $SWARMS $ACT

A bill prohibiting extra taxes on crypto payments and safeguarding digital asset rights has been introduced in the Ohio House of Representatives. Dubbed the Ohio Blockchain Basics Act , the bill outlines protections for activities like self-custody, mining, and staking while also exempting certain crypto transactions from money transmission licensing requirements. It was introduced on Feb. 24 by Representative Steve Demetriou and co-sponsored by fellow lawmakers Tex Fischer, Brian Lorenz, Ty D. Mathews, Riordan McClain, and Josh Williams. One of the key aspects of the bill is that it prevents state and local governments from imposing additional taxes, fees, or charges on digital assets used as a method of payment, essentially treating them the same as traditional fiat transactions. However, crypto transactions would still be subject to standard taxes, such as state and sales taxes, just like any other payment made with traditional fiat currency. Regarding digital asset rights, the bill mandates that individuals have the freedom to self-custody their digital assets using hardware or self-hosted wallets. It also protects the right to participate in crypto staking and mining activities without the need for a money transmission license, as long as local zoning regulations are followed. Further, it ensures that no state agency or political subdivision may prohibit individuals from accepting digital assets as payment for goods and services. Additionally, the bill allows residential crypto mining in compliance with local ordinances and ensures that zoning changes cannot unfairly target mining businesses operating in industrial zones. The legislation also calls for Ohio’s state retirement funds to assess the potential risks and benefits of investing in crypto exchange-traded funds. The findings from this evaluation must be reported to the General Assembly within a year, highlighting the state’s growing interest in exploring digital asset investments for institutional portfolios. Lawmakers in Ohio have constantly pushed for crypto-related bills over the past months, including two bills related to cryptocurrency reserves. The first was introduced by Representative Derek Merrin, aiming to establish a strategic Bitcoin reserve for the state. Shortly after, Representative Steve Demetriou, who also spearheaded the Ohio Blockchain Basics Act, proposed a second bill that would allow Ohio to allocate up to 10% of its state-controlled funds toward building a Bitcoin stockpile.