Crypto Assets Market Dynamics

Regulation and Policy

The Bitcoin Reserve Bill in Oklahoma has passed committee review, allowing up to 10% of public funds to be invested in Bitcoin or large digital assets.

US lawmakers have proposed a bill to strengthen the regulation of encryption ATMs, suggesting transaction limits for new users and requiring operators to implement anti-fraud measures.

Hong Kong is about to release its second policy declaration on virtual assets, exploring how to combine the advantages of traditional finance with innovations in virtual asset technology.

The Beijing Third Intermediate Court and Renmin University jointly held a seminar to discuss issues related to the disposal of virtual currencies involved in cases.

The SEC has terminated its investigation into a certain DEX development company, without taking any enforcement action, which is seen as an affirmation of compliance in DeFi.

The SEC has confirmed receipt of a certain asset management company's application for an Ethereum spot ETF.

Financing and Investment

Decentralized network hardware infrastructure company GEODNET has completed a $8 million financing to expand its global real-time dynamic positioning network.

Hong Kong will allocate HKD 1 billion to establish an artificial intelligence research institute to promote AI research and application.

A certain social media giant discusses a $200 billion AI data center project, which could set a record.

AI company Anthropic raised $3.5 billion, reaching a valuation of $61.5 billion.

Project Progress

The copyright of a popular single by a well-known Korean boy band will be tokenized through the RWA agreement.

A certain exchange has released the 28th reserve proof, with a total value of over 28.1 billion USD for BTC and three other major Crypto Assets.

A stablecoin issuer has launched a new stablecoin USDG on Solana.

The modular blockchain Hemi mainnet will be launched on March 12, integrating the Bitcoin and Ethereum ecosystems.

The Executive Director of the Ethereum Foundation has been appointed as Chairman, continuing to promote ecological development.

A certain lending protocol community has suspended voting on Polygon PoS chain services, which may result in a loss of over $300 million in TVL.

Market View

Insiders believe that Bitcoin will not perish, and there is no need to panic.

A certain investor stated that blockchain scalability and functional differentiation remain key areas of focus in the industry.

The CEO of a certain exchange stated that the current market adjustment is a tactical pullback rather than a trend reversal.

Vitalik is considering migrating Ethereum to Poseidon hash to optimize zk-prover friendliness.

Market Data

A major holder of a certain token sold off at a loss, with losses exceeding 3.7 million dollars.