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▌Ripple agrees to waive cross-appe, and the US SEC will retain $50 million of the $125 million fine
Ripple Chief Legal Officer Stuart Alderoty posted, "Last week, the U.S. Securities and Exchange Commission (SEC) agreed to waive its appeal unconditionally. Ripple has now agreed to waive its cross-appe. The SEC will retain $50 million of the $125 million fine (which has been deposited in cash in interest-bearing escrow accounts), and the remainder will be returned to Ripple. The agency will also request the court to lift the standard injunction previously imposed by the SEC. All of this will be subject to a committee vote, drafting of final documents, and regular court proceedings."
▌Cboe BZX filed Fidelity Solana with the US SEC ETF Application
Cboe BZX filed the Fidelity Solana ETF Form 19b-4 with the U.S. Securities and Exchange Commission (SEC), aiming to allow the Cboe BZX exchange to list and trade ‘Fidelity Solana ETF’.
Cboe BZX is part of the Cboe global market and focuses on stocks, options and ETF trading.
Trending as of press time, according to Coingecko data, BTC's latest transaction price is US$87,292.51, with an intraday rise and fall of -0.1%;
ETH's latest transaction price is US$2,062.71, with an intraday rise and fall of -1.0%;
BNB's latest transaction price is US$629.27, with an intraday rise and fall of -1.5%;
SOL's latest transaction price is US$143.33, with an intraday rise and fall of +1.8%;
DOGE's latest transaction price is US$0.1899, with an intraday rise and fall of +3.7%;
XPR's latest transaction price is US$2.45, with an intraday rise and fall of -0.2%.
▌SEC Chairman-elect Paul Atkins Asset Disclosure: The total assets held with his wife exceed $327 million, and he was questioned of conflict of interest before the inauguration hearing
Please nominated by U.S. President Trump, the Securities and Exchange Commission (SEC) chairman candidate Paul Atkins disclosed on the eve of the Senate confirmation hearing that he and his wife Sarah Humphreys had a total assets of at least $327 million, raising concerns about the fairness of his future regulation of the cryptocurrency industry. His wife, Humphreys, holds a 75% stake in roofing materials company Tamko (founded by his grandfather), and Atkins himself holds a membership interest of $25 million to $50 million in Patomak Global Partners, a consulting firm he founded. AtkinsInvestments in the crypto space cover call options from real-world asset tokenization platform Securities, worth $250,000 to $500,000; and a fintech company Pontoro, with a stake of $50,000 to $100,000. Atkins previously promised that if the nomination was approved, he would resign from his position as CEO of Patomak and sell the relevant equity.
▌The US SEC Cryptocurrency Working Group announces that it will hold four new roundtables in the next March to discuss regulatory issues
According to the SEC official website, the US Securities and Exchange Commission (SEC) Cryptocurrency Working Group announced that it will hold four new roundtables from April to June 2025, covering issues such as crypto trading, custody, asset tokenization and DeFi. The time and themes of the four public roundtables are: "Tailed Supervision for Crypto Trading" on April 11, "Key Issues of Custody Institutions" on April 25, "Asset On-chain and Traditional Finance Integration" on May 12, and "DeFi and the American Spirit" on June 6.
Commissioner Hester Peirce called this a "spring sprint to a clear encryption" and marked a new direction for the SEC to shift from law enforcement to cooperation and clear regulatory frameworks. The meeting will be open to the public and broadcast live online.
▌The bill on repealing the DeFi broker rules will be finalized this Thursday, and it may be submitted to Trump for signature as soon as Friday
FOX Business reporter Eleanor Terrett said that according to three people familiar with the matter, the Senate plans to vote on a final vote on a joint resolution on Thursday aimed at repealing the IRS’s decentralized finance (DeFi) broker rules.
While the joint resolution was passed on March 4 by a bipartisan super majority in favor, the Senate had to vote again due to a technical issue. The vote will be the last step before the resolution is sent to Trump, and the signing may take place as early as Friday.
▌Immutable: The US SEC has concluded its investigation into the company and has not found any misconduct
Web3 game platform Immutable announced that the US Securities and Exchange Commission (SEC) has officially notified the company that its investigation into the company and related parties has been concluded. The investigation found no misconduct and the SEC would not take any action, putting an end to the SEC’s Wells notice (a striking an ongoing investigation and intending to file a lawsuit) issued last year.
Immutable President Robbie Ferguson said in a statement: "We are delighted that the SEC has concluded the investigation. This is an important milestone for the crypto industry and gaming, and we are moving towards a clear regulatory future. Immutable continues to work towards our vision to bring digital ownership to 3.1 billion players around the world;We can now move towards this goal without any obstacles. ”
Blockchain application
▌Solana hired Nikita Bier, the well-known social application founder, as an ecological consultant
Solana announced that Nikita Bier, the founder of social application tbh, officially joined his team as an ecological consultant, and will assist in screening and promoting mobile application development. Bier is currently a product growth partner of venture capital firm Lightspeed Ventures, which has invested in blockchain projects such as Solana.
Bier is a serial entrepreneur in the social field. The anonymous social application tbh founded in 2017 was acquired by Meta, and the similar application Gas launched in 2023 was later acquired by Discord. He said on social media platform X: "Solana already has the infrastructure for the outbreak of the mobile ecosystem, and many applications are making progress. "Solana co-founder Raj Gokal responded that the past year has been a critical stage in the development of crypto consumption and mobile ecosystems, and cooperation between the two parties will accelerate the integration of technology.
Solana continues to deploy mobile devices in recent years: in September 2023, it will launch the second generation of crypto phone "Solana Seeker" and support the launch of the mobile version of the popular Meme currency platform Pump.fun in February 2025. The introduction of Bier this time shows its plan to further expand the mobile ecosystem.
Cryptocurrency
▌Data: The number of global cryptocurrency ATMs has decreased by 2,062 since its peak in 2022
Bitcoin.com News issued a statement saying that the number of cryptocurrency ATMs (ATMs) globally has dropped by 2,062 since peaking in 2022, with a net decrease of 971 machines for the first time in 2025. Bitcoin accounts for 99.92% of terminals, while Litecoin and Ethereum are competing for the second place.
The net decrease in cryptocurrency ATMs (971 units) for the first time in 2025.
Bitcoin is available in 99.92% of ATMs, Litecoin is available in 48.93% of ATMs, and Ethereum is available in 47.86% of ATMs.
The current global total (37,920 units) is still 2,062 units below its all-time high in December 2022.
▌GameStop incorporates Bitcoin into its treasury reserve assets
GameStop GameStop updates investments to include Bitcoin in its treasury reserve assets. The document states, “The company’s investments allow investment in certain cryptocurrency assets, including Bitcoin and US dollar stablecoins, and if the company acquires Bitcoin or US dollar stablecoins, the company will face specific risks associated with Bitcoin or stablecoins; and the company’s ability to maintain effective internal financial reporting controls. ”
▌pump.fun deposited more than 54,000 SOLs into Kraken, equivalent to about $7.81 million
According to OnchainLens monitoring, three hours ago, pump.fun deposited 54,113 SOLs into Kraken, equivalent to about $7.81 million.
To date in 2025, they have sent a total of 1,573,313 SOLs to CEX, which is approximately $293.26 million. Overall, their total revenue has reached 3,232,101 SOLs and is currently worth $469.1 million.
Important economic dynamics
▌Bank of America customers sold tech stocks last week at record high
Jill Carey Hall, quantitative strategist at Bank of America, wrote in a research note that according to data traced back to the earliest 2008, the bank's customers sold tech stocks last week at record high. "We expect technology stocks to continue to lose their leadership," the strategist wrote, amid the sell-off of technology stocks, as U.S. stocks hit the largest net selling since August last year, with a net selling of $5.8 billion in the same period. Institutional and hedge fund clients are net sellers, and retail clients are net buyers for the 15th consecutive week and record the third largest inflow of funds in history. Corporate customer buybacks slowed down, below typical seasonal levels for the third consecutive week. Customers sold five of the 11 sectors, led by technology, communication services and essentials; like the previous week, cyclical industry capital inflows indicate that they are not adjusting positions for the recession.
▌JPMorgan Chase: Tariffs are becoming clearer and it should stop selling U.S. stocks at highs
JPMorgan Chase analyst Ilan Benhamou said that as tariffs are becoming clearer, some key risks have been alleviated, and it is time for the popular selling strategies at highs in the market in recent weeks to temporarily press the pause button. “I think it might be time to switch ideas and pause the selling strategy at high prices,” Benhamou wrote in a report from the weekly unanimous clients. He is a member of the bank's stock derivatives sales team. "What the market hates most before is not that tariffs are coming, but that tariffs will be disorderly."
▌"My sister" believes that Tesla's stock price will reach nearly 10 times the current price, and is more optimistic about it.
"My sister" Cathie Wood's Ark Investment Management LLC is still bullish on Tesla (TSLA.O), and it is expected that the stock will reach $2,600 in five years, equivalent to nearly 10 times the current point. Tesla's robot taxis will account for 90% of its value by then. Ark has not even included Tesla's innovation in humanoid robots in its stock price forecast. Tesla's stock price will reach $2,600 in five years, almost 10 times the current point. At the same time, Wood's company is more optimistic. Ark Investment bought it on MondayBaidu's U.S.-listed stocks raised their positions that were previously maintained at their lowest level.
▌The probability of the Federal Reserve keeping interest rates unchanged in May is 87.1%
According to CME's "Feder Observation", the probability of the Federal Reserve keeping interest rates unchanged in May is 87.1%, and the probability of a 25 basis point cut is 12.9%. The probability of the Federal Reserve keeping interest rates unchanged by June is 32.4%, the probability of a cumulative interest rate cut of 25 basis points is 59.5%, and the probability of a cumulative interest rate cut of 50 basis points is 8.1%.
▌The U.S. Treasury Department plans to lay off employees on "massive" jobs in response to DOGE's call for a reduction in number
The U.S. Treasury official submitted a speech in a court filing that shows that the U.S. Treasury Department is planning a large-scale layoff in response to the push for actions to reduce the size of federal employees by Musk-led Department of Efficiency (DOGE). Currently, the Treasury Department is finalizing its plan to implement the executive order signed by Trump on the implementation of the DOGE initiative. According to court documents, these plans will be customized for various agencies under the Ministry of Finance, and in many cases it will reduce a large number of jobs through layoffs.
Golden Encyclopedia
▌What is the teardrop attack in cryptocurrency?
Teardrop attacks exploit the way the system reorganizes fragmented packets by sending overlapping fragments during transmission, and the target system fails to rebuild these fragments correctly, resulting in a denial of service. Furthermore, teardrop attacks can target services related to the blockchain ecosystem, such as wallet providers and cryptocurrency exchanges, rather than the blockchain infrastructure itself. These services rely primarily on continuous communication between users and servers to enable seamless transactions and service availability.
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