Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering weekly key news, mining information, project trends, technological progress and other industry trends. This article is one of the news weekly news magazines, which will take you to take a look at the major events in the blockchain industry this week.

Toutiao

▌Vietnam plans to pilot the digital asset exchange in March

Nguyen Duc Chi, deputy minister of the Ministry of Finance of Vietnam, announced plans to pilot the digital asset exchange in March. The licensed “deal hall” is designed to protect the rights of participants while embracing the crypto revolution. The Ministry of Finance and banks are developing a digital currency regulatory framework, and Prime Minister Fan Mingzheng is pushing for the release of the framework this month. The move is part of a broader goal of driving economic growth to at least 8% by 2025, and Vietnam is stepping up support for businesses to issue virtual assets and mobilize financial resources.

▌Japan intends to classify cryptocurrencies as new assets rather than securities regulation

Astar Network founder Sota Watanabe revealed on X platform: "In Japan, cryptocurrencies may not be considered securities, but are regulated as a new asset class under the new framework of the Financial Instruments and Exchange Act. If the bill is passed, it will be a victory for the cryptocurrency industry. Japan has been in consultation with Japanese industry leaders, which is a positive result of the cooperation between the two sides."

▌David Sacks: U.S. cryptocurrency holdings will be audited

Cryptocurrency Tsar David Sacks said U.S. cryptocurrency holdings will be audited to find out what digital assets we actually own.

▌CZ: YZi Labs may consider investing in a project that uses BNB/BSC as the main payment option to develop a good MVP

CZ publishes an article in Binance Square to share its thoughts on the tokenization of KOL time. CZ said YZiLabs may invest in a project that uses BNB/BSC as the primary payment option to develop a good MVP. This should take a few days/week of coding and security review. If the platform is sufficientSafe, I will be the first user.

▌US SEC Cryptomatic Working Group Releases the panel members and list of the first industry roundtable

According to Fox Business reporter Eleanor Terrett, the US SEC Cryptomatic Working Group Releases the panel members and list of the first industry roundtable. The theme of the conference is "How We Go to Today and How We Go Out - Defining a Security State". A team of 12 lawyers and scholars will participate in the discussion at the U.S. Securities and Exchange Commission headquarters in Washington, DC from 1 to 5 p.m. local time on Friday, March 21, local time. The conference will be Troy Parades, founder of Paredes Strategies LLC Host, Brookwood managing partner Collins Belton, Delphi Ventures executive Sarah Brennan and others will be present.

▌The U.S. Senate voted to repeal the IRS DeFi broker rules

The U.S. Senate, with the strong support of many Democrats, successfully passed a resolution aimed at repealing Biden's cryptocurrency tax rules, which may be the biggest obstacle to eliminating the new IRS broker rules, which were originally planned to cover decentralized finance. The Senate voted 70 to 27 to pass a resolution authorized under the Congressional Review Act, aiming to completely repeal the extension of the IRS broker rules. However, the House still needs to pass an identical resolution before U.S. President Trump can sign it into law. Once completed, not only will the rule be completely abolished, but the IRS will also be banned from implementing similar situations in the future. The House Financial Services Committee has passed an identical resolution and recommended approval in the House of Representatives' voting, which is still awaiting a vote. The White House said earlier today that the president may sign the resolution quickly.

▌Vietnam plans to launch a legal framework for digital assets by the end of March

Vietnam plans to launch a legal framework for digital assets by the end of March as part of a broader effort to promote economic growth. According to local media reports, the move comes after Prime Minister Fan Mingzheng signed Directive 05, which sets a growth target of 8% or higher by 2025. Ministry of Finance (MOF) and Vietnam Bank (SBV) have been designated to complete and submit by the end of this monthProposal on regulating cryptocurrencies. The proposed legal framework is expected to provide greater clarity for crypto businesses, allowing them to obtain funds and operate in a secure regulatory environment. Currently, crypto trading in Vietnam is in a legal gray area, as the country has not officially recognized the asset class. Nevertheless, crypto trading is still widespread, with many businesses opting to register in overseas regions such as Singapore and the United States to circumvent local regulations.

▌Salvador's $1.4 billion IMF loan agreement contains Bitcoin regulatory conditions

Salvador's $1.4 billion IMF loan agreement includes Bitcoin monitoring conditions. 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. Clearing Fidebitcoin Trust and publishing audited financial data Establishing a Bitcoin management framework for BTC held and revealing all hot and cold wallet addresses and BTC holdings to the IMF. The International Monetary Fund regularly reviews to ensure compliance with regulations by 2025

▌U.S. SEC ends its investigation of Yuga Labs

Yuga Labs’ X account stated, "SEC has officially concluded 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, and further confirm that NFT is not a securities."

▌Trump signs executive order to establish strategic Bitcoin reserves

White House AI and cryptocurrency director David Sacks posted on social media, saying, "Just a few minutes ago, President Trump signed an executive order to establish strategic Bitcoin reserves. The reserve will use federally owned bitcoins as capital, which are part of the criminal or civil asset forfeiture process. This means it will not cost taxpayers a penny. It is estimated that the United States owns about 200,000 bitcoins; however, a complete audit has never been conducted. The executive order requires a comprehensive accounting of federal digital asset holdings. The United States will not sell any bitcoins deposited in the reserves. It will be retained as a means of value storage. In addition, the executive order also establishes a U.S. digital assets reserve library that includes digital assets other than Bitcoin confiscated in criminal or civil proceedings. It will not be acquired for reserve assets except assets acquired through the forfeiture process.His assets. The purpose of the reserve library is to manage digital assets under the leadership of the Ministry of Finance. ”

Blockchain application

▌CZ releases Trust Wallet upgrade updates: upgrade Bitcoin Swap, support CA search, etc.

Binance co-founder CZ issued a statement on the X platform to disclose Trust Wallet upgrade updates, mainly including: support for XRP Ledger and Snoic blockchain, upgrade Bitcoin Swap, ETH hardware wallet, and CA search. In addition, CZ also disclosed that the current Trust Wallet downloads have reached 197 million times.

▌Infrared completed a US$16 million Series A financing, led by Framework Ventures

Berachain Proof of Chain Liquidity (PoL) staking protocol Infrared announced the completion of a US$16 million Series A financing led by Framework Ventures, and its total financing amount has reached US$18.75 million so far.

▌Privacy and Security Computing Network Nillion will launch its mainnet in March

Nillion announced that its mainnet will be launched in March.

Nillion, a16z Crypto Leading the investment

Private blockchain project Seismic announced the completion of a US$7 million financing, a16z Crypto and Polychain led the investment, 1kx, NGC, and dao5 participated in the investment, and the specific valuation information has not been disclosed yet. The new funds will be used to build a private smart contract platform.

▌Worldcoin announced the launch of a chat and remittance application World Chat

According to official news, Worldcoin announced the launch of a new way to connect with proven humans and remittance on the World Network. This new feature serves as a "mini application" (Mini) Apps) are accessible via the World App wallet and will be World Network Digital Passport holders provide special features. This digital passport allows users to exchange an account that verifies "proof of personality" through iris scans.

Cryptocurrency

▌Coinbase Director: US strategic Bitcoin reserve executive order is expected to reduce Bitcoin selling pressure by $18 billion

Coinbase Director Conor Grogan posted on social media, saying, "According to my estimate, the United States holds 198,109 bitcoins. This executive order will reduce the selling pressure by about $18 billion." Previous news, White House AI and cryptocurrency director David Sacks posted on social media, saying, "Just a few minutes ago, President Trump signed an executive order to establish a strategic bitcoin reserve. The reserve will be federal The Bitcoins owned as capital, which were confiscated in criminal or civil asset confiscation proceedings. ”

▌Crypto market maker Flowdesk completed a $102 million financing

French-based crypto trading company Flowdesk has completed a $102 million financing, of which approximately 90% are equity financing and 10% (about $10.2 million) are debt financing. Flowdesk co-founder and global CEO Guilhem Chaumont said the round will support the company's expansion plans, including the launch of a dedicated crypto credit desk and opening an office in the UAE. European investment institution HV Capital led the investment in the equity sector, with French private equity firms Eurazeo, Cathay Innovation and ISAI VC participating. Debt financing comes from funds and accounts managed by BlackRock. As part of the investment, HV Capital received a board seat on Flowdesk.

▌CZ: The current market is dominated by "American crypto assets"

Binance founder CZ said that the current market is clearly dominated by "American crypto assets" and recognized its promotion of the development of the industry. He stressed that any adoption of cryptocurrency is a positive signal, and the industry benefits as a whole, and said Binance will continue to build.

▌View: Kanye West has enough influence to promote the mainstreaming of cryptocurrencies and demonstrates a sincere interest in learning

Crypto KOL Ansem posted on X platform: "I think Kanye West is one of the few people in the world who have enough influence to substantially influence the way cryptocurrencies go mainstream. There are many unique and novel ways to integrate cryptocurrencies into his existing network." Ansem revealed the details of discussing cryptocurrencies with Kanye. "Seriously, Kanye showed a sincere interest in learning cryptocurrencies and how they work, and 99% of outsiders wouldn't even care about the level of asking questions." Regarding why Kanye is interested in cryptocurrencies, Ansem Responding to user comments, he said: "He has indeed experienced the ban on different social and financial applications, which is impossible for services built on cryptocurrency infrastructure." Previous news, well-known rapper Kanye West posted a message saying that he is learning about Bitcoin from crypto KOL Ansem.

▌David Sacks: ADA, SOL, and XRP are mentioned in crypto reserves because they rank the top five in market value

According to market information, White House AI and crypto director David Sacks said that the reason ADA, SOL, and XRP are mentioned in crypto reserves is because these cryptocurrencies rank the top five in market value.

Important economic trends

▌U.S. Treasury Secretary Becent: We are committed to pushing the dollar to strengthen. We oppose currency manipulation. Trump's will eventually lead to the strength of the dollar.

▌The number of ADP employment in the United States increased by 77,000 in February, lower than expected

The number of ADP employment in the United States increased by 77,000 in February, and was estimated to be an increase of 140,000, with the previous value of 183,000.

▌Federal Director Waller: It is not necessary to cut interest rates in March

Federal Director Waller said that not all relevant taxes will be passed on to consumers; the Fed's current current situation is still restrictive, and the Fed can cut interest rates for positive and negative reasons, and still believe that the good prospect of interest rate cuts still exists. Waller said he didn't think it was necessaryTo cut interest rates in March, the Fed may cut interest rates after March; median expectations for two rate cuts in 2025 are still reasonable.

▌Traders increase the bets of the Federal Reserve's interest rate cuts, and the market is now fully priced, which will cuts interest rates three times in 2025.

Traders increase the bets of the Federal Reserve's interest rate cuts, and the market is now fully priced, which will cut interest rates three times in 2025.

▌U.S. Treasury Secretary Becent: We are determined to lower interest rates

U.S. Treasury Secretary Becent said in an interview with Fox on Tuesday that Trump is "decided to lower interest rates." When talking about tariffs and stock markets, Becente mentioned that the United States is concerned about the medium-term situation. He stressed, "Wall Street does a good job and Wall Street can continue to perform well...We will rebalance the economy." He also said the United States is undergoing a "transition" on tariffs in Canada and Mexico.