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▌Tesla fell 15%, the largest intraday drop since September 2020
Tesla fell 15%, the largest intraday drop since September 2020.
▌Musk responded to Tesla's sharp drop: In the long run, everything will be fine
Musk responded to a post about Tesla's (TSLA.O)'s biggest single-day decline, everything will be fine in the long run.
▌BTC fell below $77,000
Golden Finance reported that the market showed that BTC fell below $77,000 and is now at $76,998.94, with a 24-hour decline of 3.84%. 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$78,712.95, with an increase of -2.3% intraday;
ETH's latest transaction price is US$1,873.22, with an increase of -7.0% intraday;
BNB's latest transaction price is US$532.04, with an increase of -4.0% intraday;
SOL's latest transaction price is US$118.35, with an increase of -6.1% intraday;
DOGE's latest transaction price is US$0.1546, with an increase of -7.7% intraday;
XPR's latest transaction price is US$2.03, with an increase of -4.8%.
▌Lawyers believe that the SEC's recent memecoin guidance indicates a shift in cryptocurrency regulation
The lawyers at Gibson Law Firm said that the recently released memecoin guidance by the US SEC may imply that it will adjust cryptocurrency regulation, and even affect the application of the Howey test.
The US SEC previously issued a statement saying that memecoin should not be generally considered a securities because its buyer's funds are not concentrated in the development of related projects and prices rely on market speculation and collective sentiment. This position contradicts the views held by the SEC in previous lawsuits against cryptocurrency exchanges and may affect digital asset trading in all secondary markets. Analysts believe that the move shows that the SEC is gradually moving away from the tough regulatory approaches of former Chairman Gary Gensler, bringing a clearer direction for US cryptocurrencies.
▌U.S. Senate Updates Stablecoins Act GENIUS Act 2025: Expands Reciprocity Terms for Paying Stablecoins in Overseas Jurisdiction
According to the latest "Guide and Establish the Innovation Act of the United States Stablecoins" (GENIUS Act 2025), the updated bill specifically expands the "Reciprocity for Payment Stablecoins in Overseas Jurisdiction" (Reciprocity for Payment Stablecoins Issued in Overseas Jurisdictionseas Jurisdictions). The U.S. Treasury Secretary was asked to reach a bilateral agreement with a similar stablecoin regulatory framework to ensure coordination of reserve requirements, oversight, anti-money laundering and counter-terrorism measures, sanctions compliance standards, liquidity requirements and risk management standards. The reciprocity arrangement needs to be completed within two years of the bill's entry into force to facilitate international transactions and enhance interoperability with USD-denominated overseas payment stablecoins.
In addition, the bill clearly excludes licensed payment stablecoin issuers from the scope of "commodities" defined in the Commodity Exchange Act, and further clarify regulatory responsibilities.
▌Trump may sign cryptocurrency-related executive orders this week to repeal bank restrictions on cryptocurrency companies
Sources revealed that Trump plans to sign executive orders as early as this week to overturn Biden's restriction on cryptocurrency banking services, especially "Operation Chokepoint 2.0".
Source said the order may involve the Federal Reserve's "main account" to relax access to crypto banks. However, as an independent institution, the Federal Reserve is usually not directly affected by the White House. In addition, the executive order may cover stablecoin regulation, which makes it clear that stablecoins should not be considered as securities. Senior White House officials plan to meet Thursday to assess potential legal obstacles to the executive order before submitting it to President Trump for a signature.
▌Salvador and Paraguay sign cryptocurrency regulatory agreement
Paraguay's Asset Money Laundering Prevention Secretariat (SEPRELAD) and El Salvador's Digital Assets Commission (CNAD) signed a memorandum of understanding last Friday. This is the second such agreement signed in nearly three months after El Salvador reached a similar regulatory cooperation with the Argentina Securities Commission (CNV) in December. According to a statement from SEPRELAD, the two sides will jointly crack down on unlicensed cryptocurrencies and strengthen anti-money laundering measures.
Blockchain application
▌Balancer V3 will be expanded to Avalanche after the governance vote
The recently launched Balancer V3 is expanding to its latest blockchain deployment, Avalanche. The team said the deployment of Balancer V3 will enable “instant integration with Avalanche native lending protocols such as Aave and BENQI”, which in turn will increase the benefits of Balancer liquidity providers and increase overall protocol liquidity. “Avalanche’s native DeFi ecosystem TVL has grown nearly 2 times in the past seven months, thanks to increased liquidity in AMM and lending protocols.”
The integration with Avalanche is reportedly expected to be completed by the end of March 2025. It will be deployed on Avalanche's C-chain or contract chain, designed to support smart contracts and applications.
Cryptocurrency
▌Tariff wars intensify economic concerns, and the cryptocurrency market is facing a sell-off.
Cryptocurrency prices continue to fall, and Bitcoin has fallen to its lowest level since November last year as escalating tariff war tensions sparked concerns about the economy, offsetting U.S. President Trump's statement in support of cryptocurrency issued last week. Risk assets such as cryptocurrencies are under pressure over concerns that Trump's tariffs and sacks will undermine U.S. economic growth. U.S. stocks slumped and U.S. Treasury bonds rose as investors sought hedge. B2C2 Director Nikolay Karpenko said: "Although Trump's statement on cryptocurrency strategic reserves initially promoted optimism, as macroeconomic conditions worsened and the market showed aggressive selling, and this rebound quickly collapsed."
▌The industry's response to the first White House cryptocurrency summit was mixed.
FOX Business reporter Eleanor Terrett said that investors and industry observers would have hoped to hear Trump's specific plan to build the United States into a 'cryptocurrency capital', but the content of the summit is still general and has mixed responses.
Nevertheless, participants were generally positive about the conference atmosphere and were optimistic about providing more regulatory clarity in the future. Former CFTC Chairman Christopher Giancarlo commented: "This summit is obviously a way for this session to welcome the industry with open arms. This is how they express "you have been persecuted, and now we celebrate for you." Ripple CEO Brad Garlinghouse bluntly stated that the two sessions had completely different attitudes towards cryptocurrencies: "Biden wants us to go to 'jail', and Trump directly invites us to the White House."
The meeting was chaired by Sacks and Hines and was held in the State Banquet Hall of the East Wing of the White House. Before the meeting, guests also had informal exchanges with officials, but some officials, such as Rodney Hood, acting director of the Supervisory Commission, attended the reception only and did not participate in the formal meeting.
▌Sol Strategies announces the acquisition of three Solana verification nodes
According to official sources, Sol Strategies, a cryptocurrency holding company based in Toronto, announced the acquisition of three additional Solana verification nodes, including Laine, and stakewiz.com. The acquisition was completed at C$35 million, and was paid through a combination of cash, Sol Strategies common stock and warrants. After the acquisition was completed, Sol Strategies' SOLs in pledged increased to 3.3 million.
In addition, Sol Strategies appoints LaineFounder Michael Hubbard is Chief Strategy Officer.
▌Bitcoin short-term futures are discounted on Deribit
Deribit's Bitcoin futures contract expired on Friday is currently trading below the index price of the trading platform, indicating weak market demand. "The short-term (7 days and within) yield fell to negative for the first time, meaning that futures prices are lower than spot, which we think is a clear bearish signal."
▌A whale/institution supplements collateral and repays part of its debt, but the ETH liquidation risk has not been lifted
According to Embers, a giant whale or institution holding 65,000 ETH (about 120 million US dollars) is only $50 away from being liquidated. The address pulled 2,000 ETH ($3.75 million) from Bitfinex four hours ago, with USDT 1.54 million from Binance to supplement collateral and repay part of its debt, reducing its liquidation price from $1,932 to $1,836.
However, the current ETH price is still close to the liquidation line. The giant whale's ETH is purchased mainly through revolving loans in May 2022, with an average cost price of about US$2,088, and the current floating loss has exceeded US$14 million. If the ETH price falls further, the account may face large-scale forced closing of positions.
Important economic trends
▌Tesla's market value is "halved" and Musk is unable to lead DOGE for another year
Elon Musk said on Monday that he faces "huge difficulties" in balancing the US Department of Efficiency (DOGE) with other businesses. Tesla suffered its biggest single-day drop in five years, while its social media platform "X" experienced several cyberattacks. Musk said in an interview that he is expected to stay with Trump for another year. Tesla's stock price has been falling weekly since Musk joined Trump as DOGE "Minister". DOGE is conducting a broad and controversial action aimed at reducing federal spending and employee numbers. Tesla's market value has now been "halved" from its peak, equivalent to a loss of nearly US$800 billion. Forbes data shows that Musk's net worth shrank by $22.8 billion on Monday, but still leads Bezos, who ranks second in the rich list, more than $100 billion. Musk also said that the DOGE team currently has more than 100 people, which may increase to 200 people.
▌U.S. stock index futures continued to fall on Tuesday, with Tesla falling 2.7% after the market.
U.S. stock index futures continued to fall on Tuesday, with Nasdaq futures falling more than 0.7%, Tesla (TSLA.O) fell 2.7% after the market, and Apple (AAPL.O) and NVDA (NVDA.O) both fell more than 1%.
▌OpenAI releases CoT monitoring to prevent malicious behavior of big models
OpenAI releases the latest research, using CoT (thinking)The method of monitoring can prevent malicious behaviors such as talking nonsense about big models and hiding true intentions. It is also one of the effective tools for super models. OpenAI uses the newly released cutting-edge model o3-mini as the monitored object and uses the weaker GPT-4o model as the monitor. The test environment is a coding task that requires AI to implement functions in the code base to pass unit testing. The results show that the CoT monitor performed excellently in detecting systemic "reward hackers" behavior, with a recall rate of up to 95%, far exceeding 60% of the monitoring behavior only.
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 used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.