GuShiio.com Solana SIMD-0228 proposal has now begun voting; Binance optimizes the listing mechanism and adds a “community governance” vote;SBF was not approved by the Bureau of Prisons for interviews in prison, resulting in solitary confinement;Coinbase added Aethir (ATH) and Syrup (SYRUP) to the Zencurrency roadmap.
Today’s top news tips:
1. Trump did not mention the new policy at the White House Crypto Summit, and participants expressed praise for it
2. Binance optimizes the listing mechanism and adds a vote for “community joint governance”
3. Kraken plans to IPO as early as the first quarter of 2026
4. Gemini has filed for an IPO and is working with Goldman Sachs and Citigroup to conduct the offering
5. Financial Times: Trump makes at least $350 million through $TRUMP miniin
6. Market news: SBF was not approved by the Prison Administration for interviews in prison, resulting in solitary confinement
7. Safe {Wallet} has fully returned to normal operation
8. Coinbase adds Aethir (ATH) and Syrup (SYRUP) to the topcoin roadmap
9. Voting on Solana SIMD-0228 proposal has now begun, with 7.4% votes in favor
Regulation/macro
The U.S. Treasury Department will establish strategic bitcoin reserve and digital asset reserve custody accounts
According to the White House official website announcement, Trump signed an executive order on March 6, 2025 to formally establish the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile to strengthen the government’s management of digital assets.
The executive order requires the Ministry of Finance to establish a specialized agency to manage and control escrow accounts and manage government-held bitcoin (BTC) and other digital assets, mainly derived from criminal or civil forfeiture. There will be no new budget for initial funds, and BTC can be further accumulated in the future without increasing taxpayer costs. The executive order also restricts the government from selling or disposing of these assets unless it involves legal requirements, crime victim compensation, or law enforcement purposes.
Federal agencies are required to submit reports on their digital assets held within 30 days, and the Treasury Department will evaluate regulatory and legislative needs within 60 days.
The U.S. Department of Justice joins forces with Germany and Finland to crack down on crypto exchange Garantex over billions of dollars in crypto money laundering services
According to an announcement from the U.S. Department of Justice, the United States, Germany and Finland have jointly acted to shut down the online infrastructure of the Garantex crypto exchange, which is suspected of laundering money for transnational criminal and terrorist organizations and has violated sanctions by handling at least US$96 billion in crypto transactions since 2019. The Ministry of Justice also announced charges against two Garantex managers, including Aleksej Besciokov (46), a Russian resident of Lithuania, and Aleksandr Mira Serda (40), a Russian resident of United Arab Emirates, accusing them of conspiracy to launder money, violating sanctions and operating an unlicensed money transfer business.
Case details:
- Garantex has long provided funding channels for criminal activities such as hackers, ransomware, and drug trafficking, and has taken measures to cover up illegal transactions.
- In April 2022, the U.S. Treasury Department imposed sanctions on Garantex, but it continued to trade with U.S. companies and circumvented sanctions by changing its crypto wallet addresses.
- U.S. law enforcement agencies have frozen US$26 million in funds involved in the case and seized Garantex-related domain names (Garantex.org, Garantex.io, Garantex.academy) on March 6.
- Police in Germany and Finland seized its servers, and U.S. law enforcement agencies obtained copies of Garantex’s customer and financial databases.
Besciokov and Mira Serda face up to 20 years in prison for conspiracy to money laundering. Besciokov faces additional charges of violating the International Emergency Economic Powers Act and operating an unlicensed money transfer business, which carry sentences of up to 20 years and 5 years in prison respectively.
Yesterday, Tether froze Russian sanctioned exchangesGarantexThe US$28 million USDT.
White House official: Trump Crypto Summit does not involve taxes, focuses on policy easing and Bitcoin reserves
Senior White House officials confirmed that Trump’s March 7 cryptocurrency summit (U.S. time) will not involve tax issues, but will focus on withdrawing restrictive policies of the former Biden administration and listening to industry feedback on regulation.
Officials said Trump promised to set up a crypto commission and promised during the campaign to end “Operation Chokepoint 2.0,” the previous administration’s “de-banking” strategy against crypto companies.
In addition, Bitcoin (BTC) will receive special treatment on the U.S. government’s balance sheet, in line with the executive order signed by Trump on March 6, which established a strategic Bitcoin reserve to ensure the government holds BTC for the long term and allows the Treasury and Commerce Departments to find ways to increase their holdings of BTC without increasing the burden on taxpayers.
In contrast, other government-held crypto assets (such as ETH, SOL, XRP, ADA) will be included in the “digital asset reserve” with the goal of managing these assets responsibly.
White House official: U.S. will begin auditing existing cryptocurrency holdings
A senior White House official said ahead of today’s cryptocurrency summit that the first step after the United States establishes a Bitcoin strategic reserve and other digital asset reserves will be to audit the amount of cryptocurrencies held by the government. The person said that after the closure of the cryptocurrency exchange Silk Road, the United States once owned about 400,000 bitcoins, about half of which had been sold. According to research firm Arkham, the United States currently holds approximately $17.5 billion in Bitcoin and approximately $400 million in several other tokens in its known digital wallets.
Trump did not mention the new policy at the White House Crypto Summit, and participants expressed praise for it
U.S. President Trump’s speech at the White House Encryption Summit did not mention any new developments or new policies. He repeated an earlier executive order on crypto asset reserves and said that the Ministry of Finance and the Ministry of Commerce would explore new ways to accumulate more bitcoin for reserves and did not want taxpayers to pay any price.
Afterwards, participants at the White House Crypto Summit took turns to speak, but most of them praised the series of developments in the encryption field since Trump took office and Trump himself.
Related reading: The White House’s first digital assets summit ends, no new policies are released, and the market falls after Trump reiterated previous policies
Trump plans to “revoke and amend” U.S. crypto tax rules and sign stablecoin bill by August
At the first White House Cryptocurrency Summit, the Trump administration detailed how the United States plans to establish its leadership in the cryptocurrency field. U.S. Treasury Secretary Scott Bessant talked about establishing a federal framework for strategic bitcoin reserves and digital asset inventories,”regulatory weaponization for digital assets” and stablecoins.
Basent said former President Joe Biden’s policies have caused undue harm to innovators in the digital asset space. The Treasury Department will work closely with the IRS and the Office of the Comptroller of the Currency (OCC) to “revoke and amend” guidelines that have harmed digital asset companies ‘ability to do business in the United States.
Basent mentioned stablecoin legislation. As members of both houses of Congress weigh ways to legalize stablecoin issuers such as Tether and Circle, Bessent said clear rules would help maintain the dollar’s status as a global reserve currency. “We will maintain the U.S. dollar’s status as the world’s main reserve currency and will use stablecoins to achieve this goal.”
Trump himself said he expected the House and Senate to pass stablecoin legislation before the August recess.
The Office of the Comptroller of the Currency clarifies that banks have the right to participate in certain cryptocurrency activities
The U.S. Office of the Comptroller of the Currency (OCC) explanatory letter reiterated that a range of cryptocurrency activities are allowed in the federal banking system, confirming that the National Bank and the Federal Reserve Institute can conduct cryptoasset custody, certain stablecoin activities, and participate in distributed ledgers. Independent node verification network. The letter also removes the requirement that agencies regulated by the Office of the Comptroller of the Currency must obtain no objection from the regulator and demonstrate that they have implemented adequate controls before engaging in these cryptocurrency activities.
Rodney E. Acting Commissioner of the Comptroller of the Currency “The OCC hopes that banks will be able to implement the same strong risk management controls to support new types of banking activities as they support traditional banks,” Hood said. “Today’s action will reduce the burden on banks to engage in crypto-related activities and ensure that the OCC consistently treats these banking activities, regardless of their underlying technology. I will continue to work to ensure that regulation is effective and not excessive, while maintaining a strong federal banking system.”
In the United States, the post-adjustment non-farm employment population in February was 151,000, and the unemployment rate was 4.1%
The post-adjustment non-agricultural employment population in the United States in February was 151,000, with an expected 160,000 and a previous value of 143,000. The U.S. unemployment rate in February was 4.1%, the highest since November 2024. Expected 4.0%, previous value 4.0%.
project dynamics
SlowMist: 1inch Fusion v1 parser vulnerability causes more than $5 million in damage
According to the SlowMist security team, 1inch found a vulnerability in the Fusion v1 parser smart contract. Although user funds were not affected, some parsers using this version were attacked.
SlowMist analysis showed that the incident resulted in losses of approximately 2.4 million USDC and 1276 WETH units, totaling more than US$5 million.
According to Xian, founder of SlowMist, this incident did not directly affect ordinary users, but the parser that uses Fusion v1 (the role that handles Fusion Swap orders) has been severely affected.
Axios: Bitwise 10 index fund’s top five assets are the same as the five cryptocurrencies in strategic reserves
Axios reported that U.S. Senator Elizabeth Warren sent a letter to David Sacks, the Trump administration’s director of encryption and artificial intelligence, asking him to disclose information about potential conflicts of interest and disclose transparency in the policy-making process.
Warren questioned that as the government deeply supports the blockchain industry, policymakers could benefit from it. She specifically pointed out that Sachs was a partner at Craft Ventures, which invested in Bitwise, and that the top five assets of the Bitwise 10 Index Fund (BTC, ETH, SOL, XRP, ADA) are assets that the Trump administration plans to include in the strategic reserve.
After Trump announced the strategic bitcoin reserve, the market briefly rose by $300 billion, before falling sharply due to the government’s statement that it would not buy additional assets. Warren asked Sachs to disclose his financial report, proving that he had withdrawn from the relevant investment, and to disclose whether policymakers had relevant transactions before the announcement.
It is worth noting thatBitwiseThe CEO yesterday confirmed that David Sacks, White House director of AI and encryption, has sold a stake in the company.DavidSacks also said: Multicoin positions have been sold and all crypto assets have been cleared.
Safe{Wallet} has been fully operational
According to the Safe.eth announcement, Safe{Wallet} has been fully restored, including all networks and Safe APIs, and can be used normally.
Previously, due to the theft of ByBit, the multi-sign wallet Safe suspended the Safe function and checked it.
Grok: Web3 needs a more user-friendly interface to drive mainstream adoption
Grok, launched by Musk’s AI company xAI, said in response to Ankr’s question that Web3 needs a more user-friendly interface to drive mainstream adoption in blockchain. Grok pointed out that blockchain systems are often complex, and lowering the barrier to use through intuitive design and education will help integrate Web3 technology into daily life.
Robinhood Crypto launches Pudgy Penguins ($PENGU) transaction in the EU
According to Robinhood Crypto EU announcement, European users can now trade Puggy Penguins ($PENGU) on the Robinhood platform.
PENGU is the memo coin on the Solana chain, inspired by the Web3 brand Puggy Penguins, which covers content creation, merchandise, toys and digital collectibles.
Binance optimizes the listing mechanism and adds a vote for “community joint governance”
According to Binance’s announcement, Binance will optimize the coin placement mechanism and add a “vote to coin” and “vote to coin” community governance model to give users more decision-making power while not benefiting from the coin placement. It will also announce project marketing expenses and airdrop tokens in batches.
Optimization and adjustment of currency:
- Voting for coins: Users vote in support of the project, and projects with high votes and passing due adjustment can be launched (positions required to be ≥0.01 BNB).
- Vote for coins: Users can vote to remove projects that have no product updates, no community maintenance, additional issuance or significant risks.
- Currency security governance: Launchpool, Megadrop airdrop, HODLer airdrop, Direct Listing and Pre-market trading.
- Binance Wallet Alpha Coin Observation Pool: Exclusive TGE projects can be directly connected to the observation pool, and the Binance team selects projects for community voting or direct deposit.
Binance said that the adjusted interests of users, project parties and platforms will be fairer and enhance market transparency. At the same time, it will support growth projects and promote sustainable development of the industry.
BNB Chain will hold a Pascal hard fork upgrade on March 20 to support EIP-7702
BNB Chain will conduct a Pascal hard fork on the main network on March 20, 2025 to improve EVM compatibility and become one of the first public chains to adopt EIP-7702. This upgrade will introduce functions such as Gas abstraction, EOA wallet smart contracting, and batch transactions to provide users with a smoother experience and greater flexibility to developers.
Through Proposal EIP-7702, BNB Chain will allow externally owned accounts (EOA) to temporarily have smart contract functions during the transaction process while maintaining account security. This upgrade will significantly lower the barrier for users to enter Web3. For example, Gas fees are abstracted, allowing user accounts to complete on-chain interactions without holding native tokens for gas fees; at the same time, dApp is allowed to sponsor Gas fees, batch transactions and other functions for users to improve user on-chain experience.
Previously, Pascal’s hard fork had been completed on TestNet. For upcoming mainnetwork upgrades, node operators and verifiers will need to update to v1.5.7 (BSC) or v0.5.2/v0.5.6 (opBNB) before March 20; exchanges and infrastructure providers will need to ensure compatibility before hard forking, and developers will need to test and update dApps to support new transaction types.
According to BNB Chain’s 2025 technology roadmap, the community plans to conduct a Lorentz hard fork in April and implement a Maxwell hard fork upgrade in June to increase the block ejection speed to 0.75 seconds. Currently, the proposal is being publicly solicited for community opinions.
Bloomberg: Kraken plans to IPO as early as the first quarter of 2026
According to Bloomberg, people familiar with the matter revealed that Kraken’s official name is Payward Inc., The company is seeking to list as early as the first quarter of next year. Kraken reported earlier this year that the company’s revenue more than doubled to $1.5 billion in 2024, with adjusted earnings of $380 million. Kraken was founded in 2011 and only raised approximately $27 million in initial capital.
As the crypto industry’s initial public offering market opens, Kraken is one of many cryptocurrency companies preparing to go public. Other companies considering listing include stablecoin issuer Circle, digital asset custodian BitGo, and cryptocurrency exchanges such as Gemini and Bullish.
Bloomberg: Gemini has filed for an IPO and is working with Goldman Sachs and Citigroup to make the offering
According to Bloomberg, people familiar with the matter revealed that cryptocurrency exchange and custodian Gemini have secretly applied for an initial public offering (IPO). The company was founded by billionaire Cameron Winklevoss and is working with Goldman Sachs Group and Citigroup on the offering. An article posted on X by Cameron Winklevoss stated that Gemini will go public after the U.S. Securities and Exchange Commission ends its investigation of the exchange. A January filing showed the company paid $5 million to end the Commodity Futures Trading Commission lawsuit.
Coinbase adds Aethir (ATH) and Syrup (SYRUP) to the topcoin roadmap
Coinbase announced the addition of Aethir (ATH) and Syrup (SYRUP) to the topcoin roadmap.
Market news: SBF was not approved by the Prison Administration for interviews in prison, resulting in solitary confinement
According to market sources, SBF’s interview with Tucker Carlson in prison was not approved by the Bureau of Prisons and resulted in his being held incommunicado.
Related reading: “FTX bankruptcy caused huge harm, but I am not a criminal”, a full list of Trump’s close friend Carlson’s interview with SBF
Voting on Solana SIMD-0228 proposal has now begun, with 7.4% votes in favor
Voting on the Solana SIMD-0228 proposal has now begun. Dune data shows that the current approval vote is 7.4%, and the disapproval vote is 1.1%.
Related reading: Solana inflation revolution: SIMD-0228 proposal sparks community controversy, and the risk of a “death spiral” is hidden behind the 80% additional issuance cut
views
ZachXBT: US law enforcement documents reveal that Ripple Lianchuang wallet was stolen due to LastPass data leak
Cryptography detective ZachXBT said that according to an asset forfeiture lawsuit filed by US law enforcement agencies yesterday, Ripple co-founder Chris Larsen suffered a hacker attack worth approximately $150 million (283M XRP) in January 2024 because the private key was stored in the password manager LastPass, which was hacked in 2022.
Previously, Larsen did not disclose the specific reasons for the wallet’s theft. An investigation by law enforcement agencies found that a data breach in LastPass in 2022 led to attackers stealing encrypted private keys, then illegally accessing the victim’s electronic accounts and stealing assets.
CZ: YZi Labs may invest in using BNB/BSC as the main payment option to develop good MVP projects
CZ shared KOL’s thoughts on time tokenizing it at Binance Plaza:
“Time-based tokens, or KOL tokenizes their time, have recently re-emerged. Despite various attempts in the past, none has been successful. I have always wanted to optimize communication, not time. LinkedIn and X provide this capability, but the threshold is too low, resulting in a lot of spam and making them unusable. This is the idea of a platform for serious people to connect with each other.
A celebrity (KOL) connects his X (or LinkedIn) to the platform to verify who they are. He then sets a price for people to send messages, say 1 or 0.1 BNB. Anyone can pay the amount first to send him/her a message. If KOL does not respond within 5 days, 50% of the amount paid will be refunded to the requester. There is still a fee for requestors, which stops spam and encourages them to write messages effectively. KOL is motivated to respond. They are paid 50% more. Default settings based on my personal preferences:
- The maximum message length should be limited to 2000 characters, which is approximately two pages.
- Pictures are not allowed. Attachments are not allowed. (Virus downloads are not allowed)
The requester can include his contact information in the message. If KOL contacts them directly, he (and the platform) will be paid 50% less.
If KOL wants, he can reply to his contact details, and the conversation can then continue on a free messaging app.
The platform charges a 10% fee for all transactions. In terms of payment, the requester pays cryptocurrency to the platform, and the platform then allocates 90% to the address provided by KOL.
No new tokens are needed.
Non-time-based tokens.
It is hoped that such a platform will have enough demand to make it a sustainable business.
This may be a good way for KOL or professional consultants to get paid for their response.
I would use such a platform. I will donate the cryptocurrency I receive to charity. This helps filter out just serious people contacting me. When the other person has some serious content to provide, I may move the conversation outside the platform, refund payments, or even provide rewards (such as security advice, etc.). Then I will be able to open my DM to everyone and adjust the price based on how unpopular I am.
This model cannot solve all problems. I’m not arrogant, I think many scammers are willing to pay 1 BNB to contact me.
YZi Labs may invest in a project that uses BNB/BSC as the primary payment option to develop good MVP. Writing code and conducting a security review should take a few days or a week. If the platform is secure enough, I will be the first user.
X, LinkedIn, or Square can build it as a feature, but big companies are slow to move. The new website may be faster.”
important data
Financial Times: Trump makes at least $350 million through $TRUMP miniin
According to the British “Financial Times” report, Trump’s cryptocurrency project has made at least US$350 million by launching the $TRUMP miniin. Blockchain data analysis shows that in the three weeks after the project was launched in January 2024, the operating entity earned US$314 million in revenue from selling tokens and charged US$36 million in handling fees. In addition, Trump may also gain additional income from selling some tokens through exchanges such as Binance.
Project website Gettrumpmemes.com shows that “Trump Organization affiliate CIC Digital LLC” and Delaware company Fight Fight LLC jointly hold 80% of the tokens. Although the project is officially approved by Trump, it is operated by Fight Fight LLC and is not directly distributed or sold by Trump or his affiliates.
Some investors and ethics experts have warned that the project could provide a channel for anonymous donations and leverage retail investors. Tim Massad, former chairman of the U.S. Commodity Futures Trading Commission and a professor at Georgetown University Law School, said that the president should not make profits through such methods while in office and considered this practice “very inappropriate.”
Fold increased its holdings of 475 BTC, ranking among the top ten Bitcoin holdings of U.S. listed companies
Fold Holdings, Inc. (NASDAQ: FLD) increased its holdings of 475 bitcoins (BTC) through convertible notes, increasing its bitcoin reserves to 1,485 BTC and increasing its holdings by nearly 50%. This increase in holdings makes Fold one of the top ten Bitcoin positions in U.S. listed companies.
Galaxy Digital withdrew approximately US$40.5 million in SOL from CEX in the past 9 hours and subsequently pledged US$39.15 million in SOL
According to Lookonchain monitoring, in the past nine hours, Galaxy Digital withdrew approximately 282,500 SOLs (US$40.5 million) from OKX, Bitstamp, Coinbase and Binance, and then pledged 274,253 SOLs (US$39.15 million).
The Ethereum Spot ETF had a net outflow of US$23.0961 million yesterday, and the ETF’s net asset ratio reached 2.98%
The Bitcoin Spot ETF had a total net outflow of US$409 million yesterday, lasting for five days.
