GuShiio.com BlackRock added its Bitcoin ETF to its model portfolio for the first time; Trump organized a trademark application for “TRUMP” to launch the Metaverse and NFT trading platform; Bitcoin returned to the top ten global asset market value, with a 24-hour increase of 7.02%.
Today’s top news tips:
1. The White House will host its first cryptocurrency summit on March 7
2. People familiar with the matter: The U.S. SEC will hold a series of roundtables with crypto industry participants, the first meeting will be held on March 21
3. The U.S. Senate of Arizona voted to pass two crypto reserve bills, both of which are currently before the state Legislature for further review
4. BlackRock confirms it has added its Bitcoin ETF to its model portfolio for the first time
5. Trump organizes trademark application for “TRUMP” to launch metaverse and NFT trading platforms
6. CME will launch SOL futures on March 17
7. Solana Network’s daily circulation of memecoin dropped to 40,000, the lowest level since December 25 last year
8. Bitcoin returned to the top ten global asset market value, with a 24-hour increase of 7.02%
Regulation/macro
European Central Bank: US relaxation of cryptocurrency regulation may pose hidden dangers for future financial crises
The European Central Bank (ECB) recently revealed that it is assessing the impact of a more deregulated cryptocurrency ecosystem on financial markets. In a memorandum from its January monetary policy meeting, the European Central Bank mentioned that the Trump administration’s loose stance on crypto assets could pose long-term risks, including issues such as leverage and high valuations. The European Central Bank pointed out that deregulation of the U.S. financial system, especially in the field of cryptoassets, may aggravate financial stability risks and even pose hidden dangers for future financial crises.
Recently, regulation of the U.S. crypto market has indeed been relaxed. For example, the U.S. SEC has dropped many lawsuits against cryptocurrency exchanges. Despite the rapid development of the cryptocurrency market, the ECB remains cautious about its risks and regulatory issues, believing it could pose a long-term threat to global financial stability.
People familiar with the matter: The U.S. SEC will hold a series of roundtables with crypto industry participants, the first meeting will be held on March 21
Fox Business News reporter Eleanor Terrett posted on platform X: “Two people familiar with the matter told me that the U.S. Securities and Exchange Commission (SEC)’s Cryptocurrency Working Group is preparing to hold a series of roundtables with industry participants with the theme of ‘Spring sprint, towards cryptocurrency clarity.’ The first of the five planned roundtables will be held on March 21 at the Securities and Exchange Commission offices in Washington, DC. I learned that the theme of the first meeting was ‘Defining securities status’.”
Judge rejects US SEC lawsuit against Hex token founder Richard Heart
According to an announcement from the UK Financial Supervisory Authority (FCA), between December 30, 2021 and March 12, 2022, London resident Osunkoya operated unregistered cryptocurrency ATMs in 28 different locations through his company GidiPlus Ltd, involving a value of more than £ 2.5 million. He was eventually sentenced to 4 years in prison. This verdict is the first time that the UK has been sentenced for unregistered crypto asset activity.
Previously, the FCA worked with law enforcement agencies to crack down on illegal encrypted ATMs nationwide. In 2023, FCA visited 38 locations and damaged 30 machines. The number of encrypted ATMs advertised on CoinATMRadar in the UK has dropped from more than 80 in 2022 to zero in 2024.
A man in London has been sentenced to four years in prison for operating an unregistered crypto ATM, the first time in the UK for unregistered crypto asset activity
U.S. stocks closed on Thursday, with the Dow initially closing down 0.45%, the S & P 500 index down 1.59%, and the Nasdaq down 2.78%. Chip stocks were hit hard, with NVIDIA (NVDA.O) closing down 8.4%, and Broadcom (AVGO.O) falling 7%. Tesla (TSLA.O) fell 3%, Strategy(MSTR.O) fell 8.82%, and Coinbase(COIN) fell 2.16%. The Nasdaq China Golden Dragon Index fell 0.9%, and Alibaba (BABA.N) fell 1.7%.
The U.S. Senate of Arizona voted to pass two crypto reserve bills, both of which are currently before the state Legislature for further review
According to Cryptoslaate, the U.S. Senate of Arizona has passed two crypto reserve bills. The Legislature passed the Strategic Digital Asset Reserve Act (SB 1373) with a vote of 17 to 12 on third reading. The bill would establish a digital asset strategic reserve fund managed by the state finance secretary. Meanwhile, the Strategic Bitcoin Reserve Act (SB 1025) received 17 votes in favor and 11 votes against. The proposal aims to authorize public funds to directly invest in cryptocurrencies. Both bills are currently before the State Legislature for further review.
The White House will host its first cryptocurrency summit on March 7
According to DEGEN NEWS, the White House will host the first Cryptocurrency Summit on March 7.
Participants at the White House’s first cryptocurrency summit included founders, CEOs and investors
Fox Business reporter Eleanor Terrett said on Platform X that President Trump will attend the first White House Cryptocurrency Summit on March 7 and deliver a speech. Attendees will include prominent founders, CEOs and investors in the cryptocurrency industry, as well as members of the President’s Digital Assets Working Group. The summit will be held by the White House A.1. and cryptocurrency czar DavidSacks, and is managed by Bo Hines, executive director of the working group.
Traders continue to bet that the Federal Reserve will cut interest rates in June after PCE data is released
According to Jin Shi, futures contract traders continue to bet that the Federal Reserve will resume interest rate cuts in June, as data showed inflation rose in line with expectations in January. They still believe a second rate cut in September is more likely than no rate cut. Data showed that the annual rate of the personal consumption expenditure price index fell to 2.5% last month from 2.6% in December, and the core PCE index fell to 2.6%.
project dynamics
BlackRock confirms it has added its Bitcoin ETF to its model portfolio for the first time
According to Bloomberg, BlackRock Inc. Its investment outlook shows that it is allocating 1% to 2% more funds to the US$48 billion iShares Bitcoin Trust ETF (code: IBIT) in its targeted allocation portfolio that allows the allocation of alternative assets. Although this is only a small part of BlackRock’s entire model portfolio business, the move opens up a potential new channel of demand for IBIT, especially at a time of low sentiment in the cryptocurrency market. Model portfolios package funds into ready-made strategies and sell them to financial advisers. They have developed rapidly in recent years, and adjustments in their positions may lead to large-scale inflows or outflows of funds.
Michael Gates, chief portfolio manager of BlackRock’s Target Configuration ETF Model Portfolio Series, wrote in an investment comment on February 27:”We believe Bitcoin has long-term investment value and may provide a unique and additional source of diversification for the portfolio.” A BlackRock spokesperson confirmed that the company had adjusted the allocation of its model portfolio.
CME will launch SOL futures on March 17
According to PRNewswire, the derivatives market Chicago Mercantile Exchange Group announced that it plans to launch Solana (SOL) futures on March 17, but will have to wait for regulatory review. Market participants will have the option of trading micro contracts (25 SOL ) and large contracts (500 SOL ). CME SOL futures will be settled in cash and based on CME CF Solana U.S. dollar reference rate, which serves as the daily reference rate for the SOL U.S. dollar price and is calculated every day at 4:00 pm London time. SOL Futures will join the company’s suite of crypto products, which includes Bitcoin and Ethereum futures, as well as options futures.
Trump organizes trademark application for “TRUMP” to launch metaverse and NFT trading platforms
According to unfolded., Trump organized a trademark application for “TRUMP” to launch the Metaverse and NFT trading platform.
Trump’s New Zealand Universe and NFT project are rumored to be named “Megaverse”
According to the trademark application information page, the name of Trump’s New Zealand Dollar Universe and NFT projects is rumored to be “Megaverse.”
US SEC delays approval of Fidelity Spot Ethereum ETF options
Documents show that the U.S. Securities and Exchange Commission (SEC) has delayed approval of options on the Fidelity Spot Ethereum ETF.
CZ: BNB mobility will be added to weekly winning projects in BNB Chain’s Meme Mobility Support Program
CZ tweeted that it would personally add hundreds of BNB liquidity to the weekly winning projects of the “Meme Liquidity Support Program” on BNB Chain until the funds in the address are exhausted (from coins transferred to his address by others).
Previously, BNB Chain launched a US$4.4 million Memecoin liquidity support plan.
Microsoft will withdraw from Skype in May this year, and Skype will operate until May 5
According to Interface News, Microsoft announced on February 28 local time that in order to simplify free communication products and adapt to customer needs, it will withdraw from Skype in May 2025 and focus on Microsoft Teams.
Microsoft said that during the transition period, users can migrate to Microsoft Teams for free. Teams users can talk and chat with Skype users, and Skype users can also talk and chat with Teams users. In addition, Skype users can export Skype data during the transition period. Skype will continue to operate until May 5, 2025.
views
CoinShares executives: Net outflows of Bitcoin and digital assets ETP/ETF have hit new highs in a single week, but the selling wave is suspected to be fading
James Butterfill, director of research at CoinShares, said in a post on Platform X: “Although total net outflows from bitcoin and digital asset ETPs/ETFs have reached $2.6 billion so far this week (a record high), it appears that most basis transactions have been closed and the selling craze is fading.”
Ronaldinho: “important news” related to encryption will be released soon, be wary of my fake Meme coins with the same name
Former Brazilian football player Ronaldinho Gaucho posted on platform X: “Please pay attention to the fake Meme coins named after me. Remember, I haven’t launched any official tokens yet. To the entire cryptocurrency community: Please stay tuned as we will be releasing important news here soon.”
Under this tweet, several netizens commented calling on him to “not do anything that damages his reputation”, such as Rug Pull after issuing coins; others questioned whether his X account was stolen. It should be noted that the X accounts of many well-known people have been hacked recently to promote malicious Meme coins. Please pay attention to screening them.
Binance spokesperson: Binance did not “sell” a large number of tokens, but only helped users match transactions
Binance has denied speculation that it is selling some assets, despite such claims widely circulated on social media during the recent market downturn. Binance refuted these claims, saying they stem from misunderstandings about its role as an exchange. A Binance spokesperson said: “Binance did not ‘sell’ or ‘sell’ a large number of tokens as some tweets mistakenly claimed. They misunderstand Binance’s function as an exchange, and we just help users match transactions.” Part of the speculation stems from market makers extracting large amounts of Solana (SOL) data from Binance Hot Wallet, causing cryptocurrency investors to mistakenly believe that this was an exchange selling off their assets.
Arkham Intelligence data shows that market maker Wintermute withdrew more than $38.2 million worth of Solana from Binance in the 24 hours before 9:02 a.m. UTC on February 24. The transfers occurred before Solana plans to unlock $2 billion worth of tokens on March 1, when more than 11.2 million SOL tokens will enter circulation. A Binance spokesperson explained that similar market makers operate according to their own strategies and have nothing to do with the exchange. The spokesperson added: “We have no way of understanding user decisions, including market makers ‘behavior to transfer assets based on their own strategies. Therefore, although blockchain transparency is one of the biggest advantages of cryptocurrencies, it is important not to jump to conclusions based on transaction screenshots alone.” The spokesperson also said: “We always encourage users to conduct their own research, and we also hope that the community will learn more about the role of exchanges and the functions of market makers.”
Despite this, industry observers remain concerned about the potential selling pressure from Solana’s upcoming token unlocking. Cryptography analyst Artchick.eth pointed out that more than 15 million SOLs (worth approximately US$2.5 billion) will enter circulation in the next three months. Many of the tokens were purchased at FTX auctions by companies such as Galaxy Digital, Pantera Capital and Figure for $64 each. Similarly, crypto trader RunnerXBT mentioned that these are “dangerous” times to buy Solana and emphasized that Galaxy Digital, Pantera and Figure will earn unrealized profits of $3 billion,$1 billion and $150 million respectively after their SOL is unlocked.
Solana Lianchuang: Bitcoin is an insurance, not an investment. It can ensure that its assets will not return to zero as much as possible
Solana co-founder Toly said in response to community people,”Bitcoin has no value. At best, it’s insurance. Based on my lifetime experience, there is a 1% chance of a superpower collapsing every year. For me, it’s worth spending 1% of my wealth on assets that might not return to zero in that environment. This is not an investment, it is a cost, and there is no guarantee that it will work. Bitcoin can do this at both $100,000 and $10,000. If it works, it has little to do with technology other than the original innovation 15 years ago.”
important data
The Bitcoin Spot ETF had a net inflow of US$94.3361 million yesterday, the first net inflow since the net outflow in the past 8 days
The Ethereum Spot ETF had a net outflow of US$41.8245 million yesterday, a net outflow lasting for seven days
Among the top 100 tokens in crypto market value, five tokens including RAY, TRUMP, and WIF fell by more than 50% monthly
According to CoinMarketCap data, among the top 100 cryptocurrencies in the past month, five tokens, including RAY, TRUMP, and WIF, have fallen by more than 50%. Among them: Raydium (RAY): down 69.20%, now quoted at US$2.07;OFFICIAL TRUMP (TRUMP): down 59.74%, now quoted at US$11.23;dogwifhat (WIF): down 56.95%, now quoted at US$0.5686;Virtuals Protocol (VIRTUAL): Down 51.21%, now quoted at US$0.9871;Bonk (BONK): down 50.96%, now quoted at US$0.0001234;Movement (MOVE): down 49.42%, now quoted at US$0.4206;Cronos (CRO): down 46.51%, now quoted at US$0.06913;Bitget Token (BGB): down 46.43%, now quoted at US$3.73;Solana (SOL): Down 44.69% to now quote US$129.55;Ethena (ENA): down 44.29% to now quote US$0.3907;Dogecoin (DOGE): down 44.24% to now quote US$0.1846;The Sandbox (SAND): down 43.96% to now quote US$0.2902.
Bybit hackers have laundered 14,300 ETH pieces in the past 24 hours, worth approximately $32.2 million
According to on-line analyst Ember monitoring, Bybit hackers have suspended the transfer and cleaning of ETH since 3 pm yesterday, so only 14,300 ETH pieces (US$32.2 million) have been washed away in the past 24 hours. There are now 218,000 ETH (US$486.6 million) in the hacker’s address.
Solana Network’s daily circulation of memecoin dropped to 40,000, the lowest level since December 25 last year
Data showed that the daily circulation of memecoin on Solana’s network dropped to 40,000, the lowest level since December 25, 2024.
Bitcoin returned to the top ten global asset market value, with a 24-hour increase of 7.02%
According to 8marketcap monitoring data, Bitcoin has returned to the top ten global asset market value. Data shows that the current market value of Bitcoin is approximately US$1.694 trillion, surpassing Meta Platforms (Facebook) to rank 10th in the global asset market value, with a 24-hour increase of 7.02%.
Five whales canceled 5.52 million SOL pledges in the past 12 hours, of which 3.54 million SOL were deposited in Coinbase Prime
According to Lookonchain monitoring, in the past 12 hours, five whale accounts have cancelled pledges of 5.52 million SOL (US$810 million). And 3.54 million SOLs (US$516 million) were deposited in Coinbase Prime.
PeckShieldAlert: 20 cryptographic hacking attacks occurred in February, resulting in losses of approximately $1.51 billion
According to PeckShieldAlert monitoring, 20 cryptocurrency hacking attacks occurred in February, causing approximately US$1.51 billion in losses, making it the deadliest month in cryptocurrency history. The Bybit incident alone cost US$1.43 billion, ranking first in the list of the largest intrusions in the past five years. Top 5 hacking incidents in February:
- Bybit: $1.4 billion
- Infini: US$49.5 million
- zkLend: US$9.66 million
- Ionic: $8.6 million
- SujiYan: US$4 million
