GuShiio.com Among the top 100 tokens in crypto market capitalisation, five tokens, including RAY, TRUMP, and WIF, fell more than 50% monthly; U.S. stocks closed: the Nasdaq fell 2.7%, and Nvidia fell more than 8%;Uniswap integrated Robinhood, MoonPay, and Transak, and launched a fiat withdrawal function.
Today’s top news tips:
SEC characterization: Meme coins are not securities and investors need to bear their own risks
Hunan Financial Office disclosed a virtual currency fund-raising fraud case, in which the main offender made a profit of more than 226 million yuan
U.S. stocks close: Nasdaq fell 2.7%, Nvidia fell more than 8%
OpenAI GPT-4.5 API is officially launched
Binance will launch 6 USDC perpetual contracts including KAITO and IP, supporting up to 25 times leverage
Uniswap integrates Robinhood, MoonPay, Transak, and launches fiat withdrawal function
Among the top 100 tokens in crypto market value, five tokens including RAY, TRUMP, and WIF fell by more than 50% monthly
BTC briefly fell below US$79,000 and fell 8.61% in 24 hours
Regulation/macro
SEC characterization: Meme coins are not securities and investors need to bear their own risks
The U.S. Securities and Exchange Commission’s (SEC) Division of Corporate Finance Regulation has issued guidance on memecoins, stating that Memecoins generally do not meet the definition of securities laws and are not regulated by federal securities laws. The SEC believes that Meme coins are mainly used for entertainment, social and cultural purposes, and their value is driven by market demand and speculation, is similar to collectibles, and often lacks practical uses or functions. Therefore, the purchase and sale of Meme coins does not involve the issuance or sale of securities under the Securities Act and does not require registration or application of registration exemptions. Citing Howey’s test, the SEC stated that Meme coin transactions do not involve investing in businesses and have no reasonable expectation of benefiting from the management efforts of others. The price of Meme coins is mainly determined by market speculation rather than the issuer’s management or operating activities. However, the SEC warns that if certain Meme coins actually constitute securities or are involved in fraud, they may face enforcement action under other federal or state laws.
Hunan Financial Office disclosed a virtual currency fund-raising fraud case, in which the main offender made a profit of more than 226 million yuan
The Office of the Financial Committee of the Hunan Provincial Party Committee, the Financial Work Committee of the Hunan Provincial Party Committee, and the public account of the Government Information Release Platform of the Hunan Province Local Financial Administration Bureau disclosed a GBC platform fund-raising fraud case. Zhou, Tong, Wu and others entrusted Chengdu Xingyi Network Technology Co., Ltd. designed GBC platform software computer clients and mobile apps. Wu falsely claimed that GBC coins and wealth coins were blockchain virtual currencies and were developed offline in Jinshui District, Zhengzhou City and other places. To the 47th floor of the “GBC” platform development member, 59548 member accounts were involved, with in-and-out funds of 3.408 billion yuan, including 40480 loss-making member accounts, with a loss of 629 million yuan. The main offender made a profit of more than 226 million yuan through the GBC platform. After investigation, the digital symbols generated by the GBC platform system out of thin air have no economic value. After trial, the Intermediate People’s Court of Zhengzhou City held that based on the facts, nature, circumstances and degree of harm to society, the persons involved in the case were sentenced to fixed-term imprisonment ranging from 15 to 13 years in accordance with the law.
China Asset Management (Hong Kong) successfully launches Asia Pacific’s first retail tokenized fund
According to China Asset Management Fund’s Hong Kong Weixin Official Accounts, China Asset Management Fund (Hong Kong) today announced the launch of the first retail tokenized fund in Asia Pacific-the “China Hong Kong dollar Digital Currency Fund”(the Fund). The Fund mainly invests in short-term deposits denominated in Hong Kong dollars and high-quality money market instruments.
U.S. stocks close: Nasdaq fell 2.7%, Nvidia fell more than 8%
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%.
SEC plans to drop enforcement lawsuit against Consensus Sys and MetaMask
CoinDesk reports that the U.S. Securities and Exchange Commission (SEC) plans to drop an enforcement lawsuit against MetaMask, a wallet tool owned by Consensus Sys. Consensus Sys CEO Joe Lubin said on the X platform that the case requires SEC approval, but the company welcomed the decision and stressed that it was prepared for a long-term fight. The SEC sued Consensus Sys in June 2024, accusing MetaMask of being an unregistered securities broker and allegedly illegally providing securities trading services. Prior to this, the SEC ended its investigation into Ethereum 2.0. The withdrawal is the latest move by the SEC to adjust its crypto regulatory strategy under the leadership of new acting chairman Mark Uyeda. It has previously withdrawn related cases against Coinbase, Gemini, Robinhood Crypto, Uniswap Labs and OpenSea, and suspended litigation against Binance and the Tron Foundation. Lubin said that he recognizes the SEC’s new leadership’s “pro-innovation, investor-oriented” approach and will continue to cooperate with policy makers to promote the development of the U.S. crypto industry.
Financing/sale
Source: BitMEX is seeking a sale and has entrusted investment bank Broadhaven to assist in the transaction
According to CoinDesk, crypto trading platform BitMEX is seeking to sell and hired boutique investment bank Broadhaven Capital Partners late last year to assist in the sales process. BitMEX was established in 2014 and is known for its launch of perpetual contract transactions. Sources revealed that the exchange is looking for buyers and is expected to spark interest in mergers and acquisitions in the industry. Currently, the crypto derivatives market is actively consolidating, Kraken and Coinbase are bidding for Deribit, and FalconX has acquired Arbelos Markets to expand its derivatives business. BitMEX was charged in 2020 with insufficient anti-money laundering measures and later pleaded guilty. Co-founders Arthur Hayes, Ben Delo and Samuel Reed subsequently resigned.
Finisterra Labs completes a $3.75 million seed round of financing, led by Haun Ventures
According to Finisterra Labs announcement, the company has completed a US$3.75 million seed round of financing, led by Haun Ventures and participated by Lightshift Capital to develop Baselight, the decentralized data market. Baselight is committed to solving data fragmentation, high access costs and unfair profit models, providing financial analysts, DeFi developers, AI teams, etc. with a searchable, computable, and monetized data platform. The team plans to expand the data ecosystem, optimize analysis engines, and deepen the integration of AI, finance and blockchain to promote data democratization.
AI
OpenAI GPT-4.5 API is officially launched
OpenAI product manager Nikunj Handa said in the OpenAI developer community that GPT-4.5 has been connected to API services. He said we are evaluating whether to continue to provide it in the API in the medium to long term because of the balance between supporting current capabilities and building future models.
project dynamics
Binance will launch 6 USDC perpetual contracts including KAITO and IP, supporting up to 25 times leverage
Binance announced that it will successively launch the following USDC-denominated perpetual contracts from March 5 to March 7, all supporting a maximum leverage of 25 times: March 5 18:00: KAITOUSDC perpetual contract March 5 18:15: IPUSDC perpetual contract March 6 18:00: TRUMPUSDC perpetual contract March 6 18:15: ADAUSDC perpetual contract March 7 18:00: PNUUSDC perpetual contract March 7 18:15: HBARUSDC perpetual contract.
Bithumb will launch SHELL Korean won trading pair
According to Bithumb’s announcement, Myshell (SHELL) will soon launch the Korean Won (KRW) trading market, which only supports Ethereum network recharge and withdrawal. Myshell (SHELL) is a decentralized AI consumer layer based on the opBNB chain.
MetaMask launches a new roadmap: launch smart contract accounts, bulk trading capabilities and MetaMask debit cards
According to CoinDesk, MetaMask, a popular wallet in the Ethereum ecosystem, has announced a new development roadmap, focusing on optimizing the user experience, and plans to launch smart contract accounts (CA), ERC-5792 batch trading functions and MetaMask debit cards. New features include the introduction of smart contract wallets. Compared to current external accounts (EOAs) that rely on private keys, smart contract accounts support transaction recovery mechanisms and improve asset security. In addition, MetaMask will support ERC-5792 batch trading, allowing users to complete approval + trading with one click, reducing Gas fees and operation steps. The MetaMask team also announced that its MetaMask debit card will be launched in some U.S. states in mid-March, having previously been piloted in the UK and the European Union. The card allows users to pay directly using encrypted assets in their wallets and is compatible with the Mastercard network. In addition, MetaMask will add Bitcoin (BTC) and Solana (SOL) support, allowing users to manage multiple blockchain assets within the same wallet. The team said that in the future, it will continue to optimize multi-chain integration to improve the overall user experience.
Bybit hackers have cleaned more than 50% of stolen ETH, mainly exchanging THORChain for BTC
According to Spot On Chain monitoring, Bybit hackers have laundered more than 50% of the stolen ETH within one week after the attack, transferring a total of 266,309 ETH (approximately US$614 million) in the past 5.5 days, accounting for 53.3% of the total 499,000 ETH stolen. Hackers mainly use THORChain to exchange BTC, transferring an average of 48,420 ETH per day. There are still 233,086 ETH left. If the current rate is maintained, it is expected that the remaining funds can be completely washed out within 5 days.
Web3 catering platform Blackbird’s Base chain-based L3 blockchain Flynet main network is officially launched
According to CoinDesk, catering loyalty platform Blackbird announced the official launch of its Flynet main website, bringing restaurant payment and member reward systems to the blockchain. Flynet is a Layer-3 blockchain based on the Coinbase Base chain that aims to reduce transaction costs, remove middlemen, and provide an innovative catering reward model. Blackbird has previously launched a payment platform that allows users to pay for meals through $FLY tokens, which can be consumed through restaurants or purchased using USDC. After Flynet is launched,$FLY will still be used for payment, but restaurants can also use this token to pay platform fees. In addition, Blackbird has launched a new token,$F2, for online Gas fees, and plans to airdrop 13% of its supply to early users and restaurants. Blackbird has raised $85 million in funding from investors including a16z, Coinbase, Spark Capital and American Express. Currently, the platform has been implemented in New York, San Francisco and Charleston, working with about 500 restaurants to promote the blockchain development of the catering industry.
Uniswap integrates Robinhood, MoonPay, Transak, and launches fiat withdrawal function
Uniswap Labs has launched a native off-ramp feature that allows users to convert encrypted assets into fiat directly in the Uniswap wallet and deposit them into a bank account. This feature is achieved through integration with Robinhood, MoonPay and Transak, and will be extended to the Uniswap browser plug-ins and official website in the future. Users can exchange supported ERC-20 tokens into stablecoins such as USDC and ETH, and then quickly withdraw cash to their accounts. Uniswap Labs said that this feature has covered more than 180 countries, significantly improving liquidity between crypto assets and fiat currencies.
Olas launches the centralized AI agent market Mech Marketplace, where AI agents can independently hire and collaborate
According to CoinDesk, encryption and AI company Olas has launched the Mech Marketplace, a decentralized platform that allows AI agents to independently hire other AI agents to complete specific tasks and improve collaboration efficiency. Olas is already running on multiple blockchains such as Ethereum, Solana, and Polygon, with Gnosis Chain having the most active transactions. Currently, nearly 2000 AI agents are deployed in the Olas ecosystem, and about 500 are active every day. Olas recently raised $13.8 million in funding and plans to launch Pearl, the AI agent app store, allowing users to own and manage their own AI agents. David Minarsch, co-founder of Olas, said that current AI agents cannot do all the work independently, so professional division of labor is needed and transactions between AI agents are realized through market mechanisms. There are more than 4 million transactions in the Olas ecosystem, more than half of which are agent-to-agent interactions. The Mech Marketplace allows AI agents to freely match requirements without having to preset specific interaction objects.
Coinbase and NEAR have established the Open AI Alliance to promote decentralized AI services
According to CoinDesk, Coinbase, NEAR AI and several blockchain and AI projects have jointly established the Open Agents Alliance (OAA), which aims to use blockchain infrastructure to promote open artificial intelligence (AI) services. The alliance is committed to “ensuring safe, open source, economical and fair access to AI.” Members will provide AI proxy frameworks, cloud hosting and fiat/cryptocurrency conversion channels to provide support for developers to build and deploy AI tools.
views
Vitalik: Loss of crypto assets goes beyond theft, ecosystems need to pay attention to social recovery mechanisms
Vitalik Buterin, co-founder of Ethereum, warned that many users ‘cryptographic assets were not lost due to theft, but due to software vulnerabilities, forgotten passwords, lost equipment, and accidental damage to paper wallets. He pointed out that many victims are ashamed to talk about these losses because there are no attackers to hold accountable, but in reality such incidents occur frequently. Vitalik emphasized that security solutions for crypto-wallets should also consider the issue of asset loss, and called for the promotion of social recovery mechanisms to reduce permanent loss of assets caused by personal error.
According to f2pool data, when the Bitcoin price is $80,000 and the electricity price is $0.06/kWh, the power cost ratios of different mining machines show significant differences. Mining machines that consume 30 W/T are close to the break-even point, while low-power, high-computing power models are more competitive.
important data
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.
BTC briefly fell below US$79,000 and fell 8.61% in 24 hours
According to Binance market data, BTC briefly fell below US$79,000, fell 8.61% in 24 hours, and is now quoted at US$79123.
500,000 SOL pieces were transferred from Bybit to unknown wallet, worth approximately US$64.426 million
According to Whale Alert monitoring, approximately 500,000 SOLs (worth approximately US$64.426 million) were transferred from the Bybit exchange to unknown wallets at 15:09.
59,000 BTC and 529,000 ETH options will expire today, with a total nominal value of US$5.78 billion
According to Greeks.live data, 59,000 BTC and 529,000 ETH options will expire today, with a total nominal value of US$5.78 billion.· BTC options: Put Call Ratio of 0.7, maximum pain point of $96,000, and total nominal value of $4.66 billion.· ETH options: Put Call Ratio of 0.52, maximum pain point of $3,000, and total nominal value of $1.12 billion. Affected by the collapse of U.S. stocks and multiple security incidents, the market fell sharply. The short-term implied volatility (IV) of BTC soared to 90%, and ETH even exceeded 100%. Agencies previously predicted that the market would lack funds and hot spots in February, and large options would continue to sell short-and medium-term call options. The current market panic continues to spread.
Bitcoin Spot ETF had a net outflow of US$276 million yesterday, eight consecutive days of net outflow
According to SoValue data, on February 27, U.S. Eastern Time, a net outflow of US$276 million in a single day of Bitcoin Spot ETF was the eighth consecutive day of capital outflow.·Gray GBTC had a single-day outflow of US$7.2592 million, with a historical cumulative net outflow of US$22.262 billion.·The gray scale Bitcoin mini trust ETF BTC outflow was US$5.5429 million, with a historical net inflow of US$1.045 billion.· Bitwise ETF BITB became the ETF with the largest inflow on the day, with a net inflow of US$17.6492 million and a historical cumulative net inflow of US$2.075 billion. As of press time, the total net asset value of the Bitcoin Spot ETF is US$94.302 billion, the market value accounts for 5.69% of the total market value of Bitcoin, and the historical cumulative net inflow is US$36.847 billion.
ETH fell below US$2100, down 9.71% within the day
Ouyi OKX market shows that ETH has just fallen below US$2100 and is now trading at US$2,097.65/piece, down 9.71% within the day.
