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▌U.S. SEC announces a list of members of the crypto working group
The U.S. Securities and Exchange Commission (SEC) today announced a list of members of the crypto working group, which will advise the committee on cryptocurrency-related matters.
This working group is composed of members from the Office of the Acting Chairman and other departments of the Committee. SEC member Hester Peirce said: "The Crypto Working Group demonstrates deep expertise and positive commitment. With the help of other outstanding employees of the committee and the public, it will find feasible solutions to complex cryptocurrency regulatory issues."
▌BTC broke through $87,000
The market showed that BTC broke through $87,000 and is now at $87,008.93, with a 24-hour decline narrowing to 7.77%. The market fluctuates greatly. Please do a good job in risk control.
Trending as of press time, according to Coingecko data, BTC's latest transaction price is US$86,346.90, with a daily increase and fall of -7.9%;
ETH's latest transaction price is US$2,158.47, with a daily increase and fall of -13.5%;
BNB's latest transaction price is US$575.01, with a daily increase and fall of -7.5%;
SOL's latest transaction price is US$142.53, with a daily increase and fall of -19.1%;
DOGE's latest transaction price is US$0.1994, with a daily increase and fall of -15.7%;
XPR's latest transaction price is US$2.40, with a daily increase and fall of -17.2%.
▌Salvador’s $1.4 billion IMF loan agreement contains Bitcoin regulatory conditions
Salvador’s $1.4 billion IMF loan agreement includes Bitcoin regulatory conditions, and the new International Monetary Fund (IMF) loan terms reveal the key measures El Salvador must take in related Bitcoin: end public participation in Chivo and stop using public funds by July 2025.
Clear Fidebitcoin Trust and publish audited financial data
Establish a Bitcoin management framework for the BTC held
Expose all hot and cold wallet addresses and BTC holdings to the IMF
On regular reviews by the International Monetary Fund to ensure compliance with regulations by 2025
▌U.S. SEC ends its investigation of Yuga Labs
Yuga Labs’ X account, stating that “SEC has officially ended its investigation of Yuga Labs for more than three years. This is a major victory for the NFT industry and all creators who promote ecological development, further confirming that NFT is not a securities.”
Blockchain application
▌Zora launches its native token ZORA
Ethereum L2 network Zora announced that it will launch its native token ZORA, which will be launched this spring.
ZORA plans to launch on the Base network with a total supply of 10 billion pieces. The first snapshot was taken at 9 am (East Standard Time) today (March 3, 2025), and the second snapshot will be taken three days before ZORA goes online.
Zora already has more than 2.4 million collectors and 618,000 creators, creating more than $27.7 million in rewards, while content on Zora drives more than $376 million in transactions in the secondary market.
Cryptocurrency
▌Wang Shuiming, the largest money laundering case in Singapore, may be extradited back. His partner is the main brain of the Hong Kong crypto platform scam AAX
According to NetEase Qingliu Studio, Wang Shuiming, a native of Anxi, Fujian who was arrested in Singapore's largest money laundering case, has been arrested in Montenegro and will be extradited back. Wang Shuiming's partner Su Weiyi was confirmed to be the mastermind of Hong Kong's cryptocurrency platform scam AAX. In July 2024, Su Weiyi was arrested by Hong Kong police.
In November 2022, Atom Asset Exchange suddenly failed to withdraw cash and went bankrupt. Su Weiyi ran away with HK$16.74 million (approximately RMB 15.675 million). In July 2024, Su Weiyi was arrested by Hong Kong police. It is worth mentioning that Su Weiyi shares other companies with other partners, who are associated with convicted former Filipino Chinese mayor Alice Guo (Guo Huaping).
▌Binance.US former executive Tammy Weinrib joins Copper as Chief Compliance Officer of America
Cryptocurrency Custody Company Copper has hired Tammy Weinrib as its new chief compliance officer and a BSA official in the Bank of Americas (BSA) where Weinrib will lead the company's licensed operations in the U.S. market and will be part of Copper's executive team in New York. The decision is part of the company's strategic shift, focusing on markets such as the United States, Europe and the Middle East.
Weinrib served as Chief Compliance Officer and BSA Officer at Binance.US. Prior to that, she worked for cryptocurrency exchange Gemini. Before entering the cryptocurrency field, she worked in traditional finance, with Wall Street banks Citibank (C), Royal Bank of Scotland (RBS) and Standard Chartered Bank (STAN).
▌Arkham: FTX/Alameda wallet received US$430 million SOL
According to data disclosed by Arkham on the X platform, FTX/Alameda asset wallet received 3.033 million SOLs, with the current market value of approximately 430 millionDollar.
▌The well-known online anchor Amouranth said that he was robbed by a gunman in the house, and the robbers asked him for cryptocurrency
Late at night on March 2, the well-known online anchor Amouranth (real name Kaitlyn Siragusa) posted a series of posts on the X platform, saying that he had been robbed by a gunman in the house, and the robbers asked him for cryptocurrency. On March 3, hours after her first post on X, she posted another update, saying there were three gunmen and attached a video suspected to be from a surveillance camera. Three loud noises came after she took the three men to another part of the property, and the three men ran out of the screen.
In November 2024, Amouranth posted a screenshot of her Coinbase account, showing that she held about 211 bitcoins, which was worth $20 million at the time, equivalent to $86,535 per bitcoin. The screenshot also shows that she holds about $80,000 worth of Ethereum, which was priced at $2,161 at the time. Amouranth is known for her financial situation, and has participated in a YouTube personal finance program and shared her earnings on various platforms.
▌Cryptocurrencies erased the gains since Sunday, and it is difficult to survive by integrating into traditional finance.
Cryptocurrency analysts pointed out that Bitcoin has turned into a bearish trend and its weekend gains have completely evaporated. While Trump’s statement on cryptocurrency reserves briefly prevented the downward momentum, potential macroeconomic problems remain. Bitcoin’s price has shown great volatility over the past few days. Essentially, Trump’s statement may just be a superficial treatment of a very serious problem. Last week, the cryptocurrency fear and greed index fell to its lowest level since 2022, and Bitcoin is currently so bearish for several reasons: First, the macroeconomic situation does not constitute a bullish factor for cryptocurrencies, and the Atlanta Fed GDPNow model now expects that U.S. GDP will shrink by 2.8% by the end of the first quarter of 2025. From an economic perspective, this forecast is disastrous compared to the 3.9% growth forecast four weeks ago. Another important factor is the tariffs proposed by Trump. Although some analysts believe that tariffs are not the main reason. However, the cryptocurrency market plummeted when Trump recently announced a 25% tariff on the EU. In other words, macroeconomic factors have largely affected the market sentiment of the cryptocurrency industry. Since the approval of the spot Bitcoin ETF, cryptocurrencies have been deeply integrated with traditional finance. So if the US economy falls into recession, the disadvantages of this integration will be fully revealed.
Important economic trends
▌Trump spent 30 minutes filling the market with information: tariffs, Russia and Ukraine, huge investment
On Monday local time, US President Trump officially announced that TSMC (TSM.N) would invest in the United StatesThe US$100 billion press conference said that the United States will impose 25% tariffs on Canada and Mexico on the 4th of this month, and said there is no room for negotiations with the two US allies. The Canadian Foreign Minister responded that he was preparing to impose tariffs on US goods worth $155 billion. In addition, Trump also said that the United States will adopt reciprocal tariffs from April 2, and will impose tariffs on those who adopt currency devaluation measures to impose sanctions. The press conference where reporters scrambled to ask questions lasted for about 30 minutes. Trump also revealed earlier that he would impose tariffs on agricultural products on April 2. Regarding the Russian-Ukrainian conflict, Trump said that despite his open dispute with Zelensky, the mineral transaction with Ukraine has not failed and there is no talk of suspending military aid to Ukraine. Trump also hinted that if Zelensky does not agree to sign the armistice agreement, his position as president may be insured. He will update the progress on the mineral agreement on the evening of the 4th. In addition, in terms of US-Russia relations, it is reported that the United States is drafting a plan that may impose sanctions on Russia.
▌The probability of the Federal Reserve keeping interest rates unchanged in March is 91%
According to CME's "Feder Observation": The probability of the Federal Reserve keeping interest rates unchanged in March is 91%, and the probability of a 25 basis point cut is 9%. The probability of maintaining the current interest rate unchanged by May is 60.5%, the probability of a cumulative interest rate cut of 25 basis points is 36.5%, and the probability of a cumulative interest rate cut of 50 basis points is 3%.
▌The three major U.S. stock indexes closed down collectively
The three major U.S. stock indexes closed down collectively, with the Dow Jones Industrial Average falling 1.48%, the Nasdaq fell 2.64%, the S&P 500 fell 1.76%, large technology stocks fell generally, Nvidia fell more than 8%, Broadcom fell more than 6%, Amazon fell more than 3%, and Tesla, Google, and Microsoft fell more than 2%. The semiconductor, blockchain, and computer hardware sectors ranked among the top in the declines, with Ultramicro Computer falling 13%, Dell Technology falling more than 7%, Bit Digital falling more than 6%, Intel and Coinbase falling more than 4%, Micron Technology falling more than 3%, Qualcomm and Kelei falling more than 2%.
▌Trump: The US imposes a 25% tariff on Mexican goods and will take effect on the 4th
U.S. President Trump said on March 3 local time that reciprocal tariffs will start to be imposed on April 2, and the US imposes a 25% tariff on Mexican and Canadian goods and will take effect on March 4. U.S. President Trump said there is no room for consensus on tariffs on Mexico and Canada.
Golden Encyclopedia
▌What is DeFAI
DeFAI is combining DeFi's decentralized financial ecosystem with artificial intelligence-driven analysis and automation. DeFAI is still in its early stages, focusing mainly on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI represents a turning point in the Crypto asset industry.
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not intended to be used.Actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.