Bitget News: US-Canada Trade War Easing Expectations Boost Market Sentiment; Aave $AAVE Buyback Proposal in Focus

Stay updated with the latest developments in the cryptocurrency world with Bitget’s Daily Digest. Here’s a summary of today’s key news.

Bitget Daily Digest (March 5) | US-Canada Trade War Easing Expectations, Aave $AAVE Buyback Proposal

Market sentiment has improved due to expectations of easing tensions in the US-Canada trade war. Polymarket prediction data suggests a 70% probability of the trade war ending before May. The Trump administration imposed a 25% tariff on Canadian and Mexican goods, but U.S. Secretary of Commerce Lutnick hinted at possible negotiations, leading to a 20% increase in short-term probability estimates for a resolution. Additionally, AAVE has proposed an $AAVE buyback and distribution plan, allocating 50% of GHO revenue to the Anti-GHO system, with funds distributed in an 80:20 ratio to StkAAVE and StkBPT holders.

The Rollercoaster Ride of Pi Coin: From Sky-High Hopes to a Crushing Fall

Pi Coin launched its Open Mainnet on February 20, enabling transfers beyond Pi Network’s ecosystem. The coin quickly gained listings on major exchanges like Bitget and others, sparking investor interest. Pi Coin experienced extreme volatility, with its value dropping by 96% in 30 days after an initial surge. Unlike Bitcoin or Ethereum, Pi Coin offers an accessible mining model using a smartphone app, popular in developing countries. With over 10 crore downloads in India, Pi Coin’s app shows significant traction despite market upheavals. Currently priced at around $1.71769, Pi Coin has seen recent modest value gains and a daily trading volume of $126 million.