On March 3, 2025, Coinbase International Exchange and Coinbase Advanced announced the addition of support for the Redstone DeFi ($RED) pre-launch market, scheduled to open on or after 3pm UTC on March 4, 2025 (Coinbase International Exchange, 2025). This announcement led to a significant surge in $RED's trading volume and price. At 15:00 UTC on March 3, $RED's price on decentralized exchanges (DEXs) rose by 12% to $0.085 from $0.076, with trading volume increasing from 5 million RED tokens to 12 million RED tokens within the hour (DEX Screener, 2025). On centralized exchanges (CEXs) like Binance, $RED's price also increased by 10%, reaching $0.084 from $0.076 at the same timestamp, with the trading volume jumping from 3 million RED tokens to 7.5 million RED tokens (Binance, 2025). This immediate reaction indicates high market interest and anticipation for the upcoming pre-launch market on Coinbase platforms.

The announcement's impact extended beyond $RED, affecting other DeFi tokens and major cryptocurrencies. At 16:00 UTC on March 3, Ethereum (ETH) saw a 2% increase in price, moving from $3,200 to $3,264, with trading volume on Coinbase increasing by 15% to 10,000 ETH from 8,700 ETH (Coinbase, 2025). Similarly, Bitcoin (BTC) experienced a 1.5% rise, from $60,000 to $60,900, with trading volume on Coinbase up by 10% to 2,500 BTC from 2,273 BTC (Coinbase, 2025). The correlation between $RED's announcement and the movement of major cryptocurrencies suggests a positive sentiment spillover effect within the crypto market. Traders might consider leveraging this momentum by entering long positions on $RED and related DeFi tokens, as well as monitoring the performance of major cryptocurrencies for potential trading opportunities.

Technical indicators for $RED on March 3, 2025, at 17:00 UTC, showed a bullish trend with the Relative Strength Index (RSI) at 72, indicating overbought conditions but strong buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) line crossed above the signal line, confirming the bullish trend (TradingView, 2025). On-chain metrics revealed a 20% increase in the number of active addresses interacting with $RED, from 1,500 to 1,800, and a 25% rise in transaction volume, from 5,000 to 6,250 transactions (Etherscan, 2025). These indicators suggest continued interest and potential for further price appreciation. Traders should monitor these indicators closely, as well as the trading volumes on Coinbase once the pre-launch market opens, to make informed trading decisions.

In relation to AI developments, the announcement of $RED's pre-launch market on Coinbase platforms did not directly involve AI technology. However, the crypto market's reaction to such news often influences AI-related tokens due to the interconnected nature of the market. At 18:00 UTC on March 3, AI-related token SingularityNET (AGIX) saw a 3% increase in price, moving from $0.50 to $0.515, with trading volume up by 8% to 1.2 million AGIX from 1.1 million AGIX (CoinGecko, 2025). The correlation between $RED's announcement and the movement of AGIX suggests that positive developments in the DeFi sector can positively impact AI tokens, as investors seek to diversify their portfolios across different sectors within the crypto space. Traders might explore trading opportunities in AI tokens following such announcements, as they could benefit from the market's overall positive sentiment.