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▌BlackRock executives remain silent on Solana ETF plans
Although the Solana ETF application boom continues to heat up, BlackRock (with assets under management of $11.6 trillion), the world's largest asset manager Not joined this ranks yet. BlackRock's iShares brand currently manages two of the largest spot cryptocurrency ETFs: iShares Bitcoin Trust ETF ($55.4 billion) and iShares Ethereum Trust ETF ($3.7 billion).
When asked if BlackRock has plans to launch the Solana ETF, Rachel Aguirre, head of BlackRock's iShares product department, did not disclose specific details, only saying that the company will follow three core principles: Customers What is the requirement? Is the investment logic valid? Is it suitable to launch in the form of ETFs?
At present, Franklin Templeton, Bitwise, Grayscale and 21Shares have submitted Solana ETF applications. Bloomberg analysts estimate that the probability of Solana ETF being approved by the U.S. SEC is 70%.
▌BTC fell below $91,400
The market shows that BTC fell below $91,400, and is now at $91,388.01, with a 24-hour decline of 5.1%. The market fluctuates greatly. Please take risks. control.
Trending as of press time, according to Coingecko data, BTC's latest transaction price is US$91,499.84, with an intraday up and down -5.1%;
ETH's latest Transaction price is US$2,506.72, with an intraday increase of -11.5%;
BNB's latest transaction price is US$612.27, with an intraday increase of -7.2%;
SOL's latest transaction price is US$141.07, with an intraday increase of -7.2%;
SOL's latest transaction price is US$141.07, with an intraday 16.4%; DOGE's latest transaction price is 0.2086 USD, and its intraday increase and decrease is -14.3%;
XPR's latest transaction price is 2.28 USD, and its intraday increase and decrease is -11.7% .
▌South Dakota vetoes Bitcoin Reserves Act
At the legislative session on February 24 local time, the South Dakota House of Representatives Business and Energy Committee decided to put HB 1202 bill Delayed to the '41st day' of this Legislative Council. However, the state’s legislative session has only 40 days at most, a move that is equivalent to vetoing the bill, meaning the state will not include Bitcoin in its official investment option for the time being.
▌Dubai Financial Services Authority approved USDC and EURC as the first batch of recognized stablecoins
Dubai Financial Services Authority (DFSA) officially approved Circle's stablecoins USD Coin (USDC) andEURC has become the first batch of approved stablecoins under this regulatory system to recognize tokens. The new regulations will enable companies within the Dubai International Financial Centre (DIFC) to use these two stablecoins in a number of digital asset applications such as payments and fund management. Since its inception in 2004, DIFC has attracted nearly 7,000 active businesses and strictly permits only recognized crypto token operations.
▌U.S. SEC may reconsider lawsuits against ConsenSys MetaMask staking services
According to Fox Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) recent concerns about pledge business , the agency may revisit last year’s lawsuit against ConsenSys over its MetaMask staking service. Additionally, the SEC has previously accused ConsenSys of engaging in an unregistered brokerage business, but the allegation has now been dropped, similar to the allegations dismissed in the Coinbase lawsuit.
Blockchain applications
▌Celo, Chainlink and others launch USDT cross-chain version "Super USDT" on OP Super Chain
Blockchain infrastructure protocol Celo, Chainlink , Hyperlane and Velodrome launch the USDT cross-chain version "Super USDT" on the OP hyperchain.
The stablecoin will be fully supported by the equivalent USDT reserve locked on Ethereum expansion solution Celo, enabling it to cross-chain interoperability protocol through Chainlink and another open interoperability framework Hyperlane Chain function.
Cryptocurrency
▌View: ETF approval will help Solana break the narrative of "meme chain"
Titan CEO Chris Chung posted a post saying Solana is narrative from a meme currency Developing into a major blockchain competitor depends on the approval of the Solana ETF, which will bring institutional trust and unlock its potential for large-scale financial applications such as payments and transactions.
The article believes that meme coin has become synonymous with Solana, so some people in the industry think it is purely a "meme chain". Solana's Pump.fun launchpad has created more than 7.5 million tokens. More than $550 million in revenue was generated. This is a benefit for the ecosystem, driving infrastructure upgrades and new users’ participation, but Solana’s potential is far more than memecoin, and the approval of the Solana ETF – almost guaranteed this year – is helping Solana position it as capable Support large-scale financial use cases (From complex transactions to borrowing and lending) the catalyst for high-performance blockchains, Polymarket traders currently believe the possibility of a fall launch is 85%.
▌Traditional financial giant Citadel Securities plans to become a cryptocurrency market maker
Traditional financial giant Citadel Securities, the largest market maker on the New York Stock Exchange with a market value of US$65 billion, plans to enter the cryptocurrency market In the currency market making field, betting that President Trump’s support for the crypto industry will bring about market prosperity.
Citadel Securities plans to join the market maker list for several trading platforms such as Coinbase Global, Binance and Crypto.com, and may initially set up a market maker team outside the United States.
▌In the past 24 hours, the total liquidation of US$879 million was US$879 million, and more than 294,000 people were liquidated. According to Coinglass data, the total liquidation of the cryptocurrency market in the past 24 hours reached 879 million. The US dollar, of which the long positions were liquidated at US$815 million and the short positions were liquidated at US$64.2205 million. The amount of BTC liquidation reached US$240 million, ETH liquidation was US$187 million, and SOL liquidation was US$98.2312 million. A total of 294,419 people were exposed, and the largest single liquidation occurred in Bitmex's XBTUSD trading pair, with an amount of US$10 million.
▌Bernstein: Liquidity will flow back from useless meme to DeFi, GameFi and NFT, and is optimistic about stablecoins and RWA
Bernstein released an analysis report, "Previously, the crypto market aims to avoid targeting practicality. The regulatory crackdown on tokens and NFT projects has been forced to turn to useless meme coins, but as Trump relaxes regulation, analysts expect liquidity to return to practical driving competitions such as DeFi (decentralized finance), GameFi and NFT. "
" Trump-nominated crypto-friendly regulator Paul Atkins will take charge of the SEC (to be confirmed by the Senate) and form a crypto-working group led by Republican Party member Hester Peirce. The SEC agreed in principle to revoke the Coinbase's securities violation allegations and termination of OpenSea investigations have shown a shift. The continued inflow of ETF funds and the corporate coin hoarding wave led by Strategy will drive Bitcoin to rise in the coming months, maintaining its year-end target price of $200,000 even in the recent market downturn ”
”Stablecoins and Real Asset Tokenization (RWA) is another focus, especially with the expected implementation of the regulatory framework for stablecoins and digital asset securities. Stablecoins will take the lead in affecting cross-border B2B Payment, interbank settlement and remittance. With the clear regulation of crypto assets and securities, equity and debt tokenization will finance enterprisesAs funds open up new paths, the demand for stablecoins as settlement currencies will also grow. It is expected that stablecoins will expand the potential market for trading platforms and brokers - tokenized equity listings drive trading volume growth, and stablecoins demand increases platform floating cash returns.
Important economic trends
▌Trump: The United States received a huge investment of more than $1.63 trillion during its new term
U.S. President Trump posted on social media that During his tenure as the latest U.S. president, the United States received substantial investment. He listed some specific investment projects, including the $14.1 billion bid by Japan Steel, the $20 billion investment by Hussein Sagivani, the $500 billion investment by Apple in four years, and Stargate in four years $500 billion investment and $600 billion investment from Saudi Arabia. The above investment totaled US$1634.1 billion.
▌Google proposes Titans: break through the computing power limits and expand the context
Google Research Institute releases a new study Titans. By introducing new neural long-term memory modules, three-head collaborative architecture and hardware optimization design, the context window of the big model is expanded to 2 million tokens with the computing power only 1.8 times. Titans not only solves the computing power bottleneck of the Transformer model in long context processing, but also uses bionic design to simulate the hierarchical mechanism of human memory systems, achieving accurate inference of 2 million tokens for the first time.
▌The probability of the Federal Reserve keeping interest rates unchanged in March is 95.5%
According to CME's "Feder Observation": The probability of the Federal Reserve keeping interest rates unchanged in March is 95.5%, and a 25 interest rate cut The probability of the basis point is 4.5%. The probability of maintaining the current interest rate unchanged by May is 72%, the probability of a cumulative interest rate cut of 25 basis points is 26.9%, and the probability of a cumulative interest rate cut of 50 basis points is 1.1%.
▌Microsoft reiterates its plan to invest $80 billion in AI
Microsoft reiterates its plan to invest $80 billion in artificial intelligence (AI), but may "adjust our in some Infrastructure investment in these areas.” TD Cowen previously pointed out in a report that Microsoft has canceled its data center rental plan.
Golden Encyclopedia
▌What is Fractal Bitcoin
Fractal Bitcoin is an innovative blockchain expansion solution based on recursive virtualization technology, by creating multi-layers Network structure to enhance Bitcoin’s scalability while maintaining secure connection to the main network. The creative background of fractal Bitcoin originated from the emergence of the Ordinals protocol and related applications in 2023. For security reasons, Bitcoin imposed restrictions on opcode and block storage space in its iteration. When the Bitcoin chain ecosystem was developing rapidly, there were limitations in on-chain computing power and block space, so the developers proposed that The concept of fractal Bitcoin is expected to solve the shortcomings of the Bitcoin network.
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