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▌Robinhood CEO: Trump may pass stablecoin legislation this year
After asking in Yahoo Finance's Opening Bid podcast whether lawmakers will push for the passage of stablecoin regulation in 2025 When Robinhood CEO Vlad Tenev replied, "I think it will." He pointed out that there are stablecoin bills in circulation and another bill was proposed before the election, which shows that it is gradually forming on this issue. consensus.
Renminbi Senator Tim Scott, chairman of the Senate Banking Committee, has formed a task force to speed up certain parts of digital asset legislation. Scott is working with Trump's crypto chief and Silicon Valley investor David Sacks.
At the same time, Republican Senator Bill Hagerty recently introduced the U.S. Stablecoin Innovation Guidance and Establishment Act, a bill focusing on regulating stablecoins.
▌Microsoft Open Source Multimodal AI Agent—Magma
At 3 a.m. today, Microsoft opened the basic model of multimodal AI Agent on its official website— Magma. Compared with traditional Agents, Magma has multimodal capabilities across the digital and physical worlds, and can automatically process different types of data such as images, videos, texts, etc. For example, you can use Magma to automatically place e-commerce orders and query weather; Get help when automatically operating a physical robot or playing real chess. In addition, Magma can also have built-in psychological prediction function, which enhances the understanding of space-time dynamics in future video frames, and can accurately infer the intentions and future behaviors of characters or objects in the video.
Trending as of press time, according to Coingecko data, BTC's latest transaction price is 88,468.99 US dollars, with an increase of -2.9% intraday rise and fall;
ETH's latest Transaction price is US$2,490.93, with an intraday increase of -0.0%;
BNB's latest transaction price is US$622.57, with an intraday increase of +2.0%;
SOL's latest transaction price is US$144.17, with an intraday increase of -0.0%;
DOGE's latest transaction price is $0.2111, and the daily increase and decrease +2.0%;
XPR's latest transaction price is $2.32, and the daily increase and decrease +2.5% .
▌CFTC plans to reduce fines to release new signals of relaxation of regulation
The U.S. Commodity Futures Trading Commission (CFTC) will formally evaluate companies or individuals accused of misconduct. The degree of cooperation or self-report method before the fine is imposed is the latest signal that the derivatives regulator has changed its law enforcement method. CFTC Acting Chairman CaRoline Pham said the new advisory is designed to create “meaningful incentives” for companies to proactively ask questions and resolve cases faster with reasonable penalties. Pham said the measure also shows that the agency complies with a Trump executive order to revoke regulations that the White House considers too "cumbersome".
▌Arthur Hayes: Trump's control over the Republican Party will determine the next trend of Bitcoin
BitMEX co-founder Arthur Hayes posted on X , the crypto market has entered a stage of adjustment, waiting for further trends. If Trump cannot pass his budget to increase spending and raise debt ceilings, Bitcoin could fall back to its pre-election victory level, i.e., the $75,000-$70,000 range, a situation that will test Trump's control within the Republican Party Is the force strong enough?
▌The US SEC has confirmed that it has received the application from Grayscale, intending to provide pledge function for spot Ethereum ETFs
According to market news, the US Securities and Exchange Commission (SEC) has confirmed that it has received The application submitted by Grayscale intends to provide pledge function for spot Ethereum ETFs.
▌The US SEC Encryption Working Group's meeting log is updated this week, and the participation of "critics" of encryption appears for the first time
Fox Business Channel reporter Eleanor Terrett posted a statement saying that the US Securities and Exchange Commission (SEC) The Crypto Working Group's meeting log was updated this week, with the first appearance of crypto "critics" participation, and Benjamin Schiffrin, the securities director of the nonprofit Better Markets, attended the meeting, according to the memorandum. The meeting discussed the response to issues related to crypto asset regulation and the need to prevent fraud in the crypto field.
It is worth noting that this is the first time that the SEC crypto working group has met with encryption "critics". Better Markets has always been critical of cryptocurrencies, believing that it has high risks and regulatory loopholes. The meeting did not disclose specific discussions, but the memorandum shows that the SEC is actively exploring the regulatory framework for crypto assets and stressing the importance of combating fraud.
Blockchain application
▌Vitalik Buterin: Will continue to study the new leadership structure of the Ethereum Foundation, and more information will be announced soon
Vitalik Buterin posted on X platform Aya Miyaguchi proposed the idea of transferring from executive director to chairman of the Ethereum Foundation a year ago. During her seven years as executive director of the Ethereum Foundation, she has achieved many achievements and will continue to work in new positions. Many of the same ways support the Ethereum Foundation.
At the same time, Vitalik Buterin said it is continuing to study the new Ethereum Foundation leadership structure and more news will be announced soon.
▌Modular blockchain network Hemi plans to go online on the main network on March 12
Modular blockchain network Hemi announces that it plans to go online on the main network on March 12, 2025. Hemi once in September 2024 Completed a $15 million seed round, with Binance Labs, Breyer Capital and Big Brain Holdings participating.
Cryptocurrency
▌Bernstein reiterates that it continues to be bullish on Bitcoin and maintains its $200,000 target price
Bernstein reiterates Continuing to maintain its $200,000 Bitcoin price target, believing that there is a potential buying opportunity in the current price adjustment, its research report describes the current price pullback as "another opportunity to participate in this cycle" and reiterates their comparison The bullish position of the Bitcoin market structure. Bernstein also noted that Bitcoin has not reached its cyclical high yet and is expected to approach the $200,000 mark in the next 12 months. Their long-term predictions of Bitcoin are based on a simple argument: “Bitcoin will become a thriving ‘digital gold’ asset class driven by accelerated institutional and sovereign demand.”
▌Circle: It does not advocate closing the channels for overseas stablecoin issuers to enter the treasury bond market
Circle said it does not advocate closing the channels for overseas stablecoin issuers to enter the treasury bond market. It hopes to level the playing field between U.S. and non-U.S. issuers, as well as between banks and non-bank issuers.
▌Leveraged ETFs linked to Strategy plummeted by nearly 50% in the past five days
Two leveraged ETFs linked to Strategy (MSTX and MTSU) have plunged by nearly 50 in the past five days %. Earlier, Bitcoin fell below $87,000 on Tuesday. As of Tuesday's close of ET, MSTX was trading at $23.83 per share and MTSU was $4.94 per share, a sharp drop from last week's prices that exceeded $43 and $9 respectively. Meanwhile, Strategy (formerly MicroStrategy) shares also fell nearly 10% to about $255 per share.
Geoffrey Kendrick, global head of digital assets research at Standard Chartered, said Tuesday that risk aversion in traditional markets is affecting the digital asset industry.
▌Profitability continues to face resistance, Bitcoin mining stocks Bitdeer and Cipher plummeted
Bitdeer shares fell 28% to $9.38 per share, while Cipher Mining shares fell 20% to $100 per share $3.96. Bitdeer Technologies reported annual revenue of $69 million, down 40% from the previous year. Cipher Mining's revenue rose to $151 million, but its adjusted losses expanded to $106.6 million for the full year.
▌Aave community votes to stop lending on Polygon PoS chain, and Polygon may lose more than $300 million TVL
Aave community decides to stop on Polygon PoS chain with overwhelming voting results The lending service is mainly due to opposition to Polygon's proposal to use more than $1 billion of cross-chain stablecoins to generate revenues last December.
Aave founder Marc Zeller has proposed strict risk parameters, aiming to prevent users from further deposits or borrowing. He believes that Polygon's revenue generation method is too risky and may lead to bad debt problems.
Aave is the largest decentralized application on Polygon, with TVL exceeding US$300 million. Polygon Labs CEO Marc Boiron once said that the ideal result is that Aave gave up the termination of the cooperation plan, but Aave DAO has passed a relevant proposal to adjust the stablecoin LTV to 0%, preventing users from borrowing.
At present, more than 690,000 voted to leave Polygon, with about 117,000 opposing it.
▌Arkham: Mirana Ventures deposited $600 million worth of ETH to Bybit in the past 3 days
Arkham monitoring data shows that Mirana Ventures deposited $600 million into Bybit in the past 3 days. US$100 million ETH has become the largest ETH depositor since the Bybit hack. According to the Mirana Ventures website, its "Anchor Funding Provider" is also the co-founder of Bybit.
Mirana Ventures sold $500 million in BTC and $100 million in over-the-counter deals for FalconX, Galaxy Digital and Wintermute to purchase these ETHs.
▌Bitcoin fell to its lowest level in three months, and the last fortress of Trump's trading collapsed
Institutional analysis pointed out that two weeks ago, investors began to notice the so-called special The Trump deal was almost wiped out in 2025. Now, the last successful Trump deal, Bitcoin, fell to its lowest price in three months, and headed towards its worst performance since its August 5 plunge. Economic slowing agenda items such as the Ministry of Tariffs and Efficiency could be the culprit, which should drive U.S. bonds to rise, but pose a drag on risky assets such as Bitcoin.
Important economic trends
▌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 It is 95.5%, and the probability of a 25 basis point cut is 4.5%. The current interest rate remains unchanged by MayThe rate is 73.9%, the probability of a cumulative interest rate cut of 25 basis points is 25.1%, and the probability of a cumulative interest rate cut of 50 basis points is 1%.
▌OpenAI launches Deep Research function to Plus users
According to OpenAI announcement, the Deep Research function has now been fully open to ChatGPT Plus, Team, Edu and Enterprise users. This feature embeds images with references and optimizes the understanding and reference capabilities of uploaded files.
Deep Research's query quota is as follows:
• Plus, Team, Enterprise and Edu users can use 10 times a month
• Pro users can use it monthly 120 times
In addition, OpenAI released a system card to introduce the development, capability evaluation and security improvements of the function, and invite experts to participate in the training of future models.
Advanced Voice feature now launches a daily preview of the GPT-4o Mini version to all ChatGPT free users. This version is more cost-effective while maintaining the natural rhythm and tone of conversation.
▌U.S. stocks closed: The three major stock indexes rose and fell.
U.S. stocks closed on Tuesday, with the Dow Jones Industrial Average initially closing up 0.37%, the S&P 500 fell 0.47%, and the Nasdaq fell 1.3%. Tesla (TSLA.O) fell 8.3%, NVDA (NVDA.O) fell 2.8%, cryptocurrency concepts generally fell, Strategy (MSTR.O) fell 11%, and Coinbase (COIN.O) fell more than 6%.
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.
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
