GuShiio.com Coinbase will launch Renzo(REZ) tokens;DoubleZero Foundation has completed a US$28 million financing with a US$400 million valuation;Elixir launches an airdrop qualification check page.
Today’s top news tips:
DoubleZero Foundation raises $28 million at a $400 million valuation, led by Dragonfly and Multicoin Capital
Russian Ministry of Finance: No plans to add crypto assets to the investment structure of state welfare funds
Nasdaq-listed BioNexus Gene Lab announces adoption of Ethereum’s financial reserve strategy
Elixir launches airdrop qualification check page and publishes token economics
The BTC giant whale with a cost price of nearly US$10,000 is suspected of selling 300.9 BTC units, making a profit of approximately US$24.82 million
Coinbase will launch Renzo(REZ) tokens
Trump family encryption project WLFI increased its holdings of 4468 ETH, 110.6 WBTC and 3.42 million MOVE
Bitwise applies to US SEC to launch Aptos ETF
Regulation/macro
Hong Kong Member of Parliament Wu Kit Chuang: There is no official coin issuance in Hong Kong, be wary of fraud
Wu Kit Chong, a member of the Legislative Council of the Hong Kong Special Administrative Region, said,”There is no official currency issue in Hong Kong. Some citizens and Web3 practitioners inquired about me that someone pretended to be the chief executive and posted a post on the X platform saying that he would post Hong Kong Coin on the Solana chain. The government has solemnly clarified that the relevant information is by no means true and is deliberately fraudulent. Please remember to be careful not to mislead people into being defrauded.” Earlier today, it was reported that the X account named “Hong Kong Chief Executive Li Jiachao” was suspected of being stolen and token-related content was released.
People familiar with the matter: Ripple executives have lobbied Trump to add SOL to the crypto strategic reserve
According to Unchained Crypto, people familiar with the matter said that Ripple Labs executives, including CEO Brad Garlinghouse and Chief Legal Officer Stu Alderoty, had proposed to U.S. President Trump that SOL be included in the cryptocurrency reserve plan announced on Sunday to give it more legitimacy in the cryptocurrency community. The addition of SOL also helps Ripple convey its support for cryptocurrency reserves that contain multiple U.S. tokens. In response to a question about whether Ripple is pushing to include SOL in reserves to make its proposed XRP more convincing, a Ripple press representative said please refer to Garlinghouse’s tweet after Trump announced the reserve plan on Truth Social that industries should unite rather than fight each other.
Russian Ministry of Finance: No plans to add crypto assets to the investment structure of state welfare funds
According to the Interfax news agency, Russian Deputy Finance Minister Vladimir Kolychev told reporters that the Russian Ministry of Finance does not plan to change the current investment structure of the national welfare fund, especially that it will not add crypto assets to it-crypto assets are too volatile., and the current accumulation level of national welfare funds does not allow high-risk investments to be considered. Kolychev said he had not heard of discussions in Russia to create a strategic reserve of cryptocurrencies similar to the Trump administration’s plans. He said: “It’s more of a central bank issue. To be honest, I have not heard of such a discussion.” Kolychev added that it is too early to discuss the possibility of including crypto assets in the investment structure of national welfare funds.
Nasdaq-listed BioNexus Gene Lab announces adoption of Ethereum’s financial reserve strategy
According to Globeneewswire, BioNexus Gene Lab Corp., a technology company dedicated to technological innovation and health care. (NASDAQ: BGLC) announced that its board of directors has formally approved the company’s new Ethereum-focused financial strategy. This decision marks BGLC as the first Nasdaq-listed company to give exclusive priority to Ethereum as a strategic financial asset, and echoes the recent announcement that Ethereum has been included in the U.S.”Cryptocurrency Strategic Reserve.” At the same time, BGLC released a white paper on the Ethereum strategy, detailing the reasons behind the company’s decisions and the broader significance of Ethereum as a financial infrastructure asset. The white paper provides an in-depth look at Ethereum’s adoption in institutions, pledge capabilities, and upcoming protocol upgrades that consolidate Ethereum’s long-term value and practicality to businesses.
Discord is discussing an IPO as early as this year
According to Financial News Agency, chat software Discord is discussing a possible initial public offering (IPO) this year.
Republicans in the U.S. House of Representatives have met with representatives of companies such as Paradigm and a16z to discuss digital asset policies and related legislation
According to Fox Business News reporter Eleanor Terrett, a group of U.S. House Republicans, including Tom Emmer and Bryan Steil, held a “cryptocurrency power luncheon” this afternoon to discuss digital asset policy initiatives and related legislation. Participants included representatives from cryptocurrency trade organizations The Digital Chamber and Blockchain Association, as well as representatives from companies such as Paradigm, a16z, CoinFlip, Coinbase, Anchorage and DCG.
Argentina prosecutors apply to freeze $100 million in cryptocurrency raised in LIBRA sales
Decrypt reported that the chief prosecutor investigating Argentine President Javier Milei’s alleged involvement in the LIBRA scandal has requested the freezing of approximately $100 million in crypto assets related to the case and the restoration of deleted social media posts, including Milei’s tweet promoting Solana-based Meme coins. Prosecutor Eduardo Taiano also requested detailed records of the LIBRA transaction.
Acting Chairman of the US CFTC: The CFTC and the SEC are discussing and cooperating on matters such as digital assets
Fox Business News reporter Eleanor Terrett reports that Caroline Pham, acting chairman of the Commodity Futures Trading Commission (CFTC), said that staff from the Securities and Exchange Commission (SEC) and the CFTC are discussing and cooperating on digital assets and other matters. Pham told the Milken Institute’s “Future of FinTech Symposium” in Washington, D.C.:”We have restarted the staff-level dialogue between the CFTC and the SEC. We hope to work together. We have worked well together in the past and I look forward to returning to normalcy.” SEC Commissioner Hester Peirce agreed. Pham also mentioned that the cooperation with David Sacks, head of cryptocurrency affairs at the White House, and the White House was “very smooth.” Peirce added: “It’s a good thing to have a White House committed to clarity in cryptocurrency regulation. The SEC’s Cryptocurrency Task Force has begun to identify areas that fall outside our purview. It is important to clarify what the SEC’s scope of responsibility is and what is not. People affected by rules should have a place in the rulemaking process.”
Bitwise applies to US SEC to launch Aptos ETF
According to CoinDesk, Bitwise has filed documents to launch an ETF that tracks the price of Aptos network native token Aptos (APT). The asset manager disclosed the move last week when it submitted an application to create a Delaware trust entity for the proposed Aptos ETF. Bitwise formally launched the program by filing an S-1 filing with the Securities and Exchange Commission on Wednesday. The S-1 document is a necessary step for a company to issue new securities and list them on a public stock exchange. To launch such a fund, the asset manager also needs to file a 19b-4 document to indicate that the relevant stock exchange needs to make necessary rule changes, which also means that the SEC will face a strict approval period.
Canary Capital applies to the US SEC to launch an ETF that tracks cross-chain agreement Axelar
Canary Capital, a digital assets-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, is planning to launch an ETF that tracks the price of Axelar (AXL), CoinDesk reports. The company filed an S-1 filing with the Securities and Exchange Commission on Wednesday, initiating the process of launching such funds. The hedge fund has previously filed for several other ETFs. Some of them have been confirmed by the SEC and are awaiting approval. Axelar is a cross-chain protocol that connects blockchains that has been integrated by major players such as JPMorgan Chase, Microsoft, Uniswap and MetaMask, and former Coinbase legal director Brian Brooks has joined Axelar’s new institutional advisory board.
The U.S. SEC’s Cryptography Working Group has met with representatives of Circle and WisdomTree to discuss issues related to encryption regulation
According to the minutes of the meeting of the U.S. Securities and Exchange Commission (SEC) Cryptocurrency Working Group, on March 5, 2025, staff of the Cryptocurrency Working Group met with representatives of Circle Internet Financial, LLC and representatives of WisdomTree Digital Management, Inc. and its affiliates respectively to discuss ways to resolve issues related to the regulation of cryptoassets. Circle and WisdomTree each provided accompanying documents, which were discussed during the meeting.
views
Solana Joint Venture: The ideal choice is for the government not to set up crypto reserves. If reserves are set up, they should be based on objective criteria
Solana co-founder Toly shared his views on the decentralized reserve mechanism on the X platform. He said that the ideal choice is to not set up reserves, because if the government is allowed to manage reserves, decentralization will fail. Tory further pointed out that if reserves must be established, states can manage them themselves to hedge against possible decision-making mistakes by the Fed. At the same time, if there must be a reserve mechanism, it should be based on objective, measurable, and reasonable standards rather than subjective rules. He finally emphasized that no matter how the reserve mechanism is set, the Solana ecosystem can meet and exceed its goals and demonstrate strong competitiveness.
Robinhood CEO: Blockchain is a good solution to stock market inefficiency
Robinhood CEO Vlad Tenev believes blockchain technology will ultimately support stock trading, noting that cryptocurrency infrastructure can make financial markets more accessible, cost-effective and resilient. Tenev made this point in a fireside talk where he outlined how integrating stocks with blockchain networks eliminates many of the inefficiencies in traditional trading systems, allowing assets to be traded seamlessly around the clock. “There is no reason why investors can trade meme at any time, but they face obstacles when trying to invest in companies such as SpaceX or OpenAI,” Tenev said. He added that blockchain technology used for cryptocurrencies can also be applied to stocks, bonds and other assets. Tenev believes that U.S. securities laws largely restrict the integration of cryptocurrencies with real-world financial assets, thereby limiting their full potential; the slow adoption of cryptocurrency infrastructure in traditional markets is not due to technical limitations, but a lack of clear regulation. Tenev plans to attend a cryptocurrency summit at the White House later this week, when he will advocate for clearer regulations to enable blockchain technology to support mainstream financial markets.
Bitwise CIO: Trump’s crypto reserve plan remains bullish despite flaws
Matt Hougan, chief investment officer of Bitwise, said that despite the flaws in the launch process, the market has misunderstandings about Trump’s proposed U.S. cryptocurrency strategic reserve plan and believes that this proposal will ultimately be good. Previously, after President Trump announced the promotion of the plan, the crypto market surged, but the increase was then erased due to risk aversion triggered by the new tariff policy. Hougan pointed out that the market’s dissatisfaction with the reserve plan mainly stems from the fact that it is not limited to Bitcoin, but also includes other assets, which is seen as a “calculation rather than a strategy.” He emphasized that the preliminary proposal may be revised or even repealed, but the final version may be advanced after the White House Cryptocurrency Summit. He also mentioned that the U.S. reserve plan could spark a global race as countries prepare for the strategic status of cryptoassets such as Bitcoin. In addition, once reserves are established, these assets may be hoarded for a long time and will not be sold easily. Hougan believes that the U.S. government’s view of crypto assets as strategic assets is a positive signal that the market will eventually realize this.
VanEck: The combined effect of SIMD096 and SIMD0228 is expected to reduce SOL selling pressure by $677 million to $1.1 billion annually
Matthew Sigel, director of digital assets research at VanEck, posted on the X platform: “We estimate that the combined effect of SIM096 and SIM0228 will reduce selling pressure on SOL by $677 million to $1.1 billion annually. While SIM096 has increased tax-related selling pressure by eliminating the 50 percent priority fee destruction, SIM0228 should be able to offset this impact more.” Following yesterday’s news, VanEck said Solana’s proposed two upgrades would enhance the network but significantly reduce verifier revenue.
project dynamics
Binance: The RED/USDT limit order fault has been fixed and will compensate users for losses
Binance Customer Support officially confirmed that the limit order function of the RED/USDT trading pair failed during the period from 11:39 to 12:09 on March 6, but the market order function was normally used during this period. The platform has been repaired and apologizes for any inconvenience that may be caused to users this time. If users suffer losses due to this system problem, they can contact Binance customer service for feedback, and will receive corresponding compensation after verification.
Suilend: We are currently experiencing interruptions due to problems with third-party hosting service providers and are seeking solutions
Suilend, the Sui Ecological Loan Agreement, posted on the X platform an hour ago: “We are currently experiencing interruptions due to problems with the third-party hosting service provider. Our team is actively investigating this issue and working hard to resolve it as soon as possible. Funding is safe because it’s just a front-end issue.” Regarding this issue, Suilend just released an update saying: “We have discovered the problem and are actively seeking a solution.” After inspection, the Suilend front-end has not yet been restored.
Elixir launches airdrop qualification check page and publishes token economics
Elixir, the modular mobility network, announced on the X platform that the ELX Airdrop Eligibility Check page is online and that users, community members and selected DeFi premium users can now view their assignments. ELX provides consensus and governance for Elixir Network, with 41% of its supply reserved for the community (8% for the first quarter airdrop, 21% for future airdrop/LP rewards, 12% for public cybersecurity rewards), 22% for the DAO Foundation, and 3% for liquidity, 15% for investors, and 19% for core contributions. ELX holders can run their own validators or delegated tokens to help protect the network and earn network security rewards. Airdrop recipients are automatically delegated to Elixir Foundation validator-these tokens can be withdrawn at any time. Users who continue to hold commissions during the initial stabilization phase will receive a network stabilization bonus within three months.
Coinbase is restarting plans to tokenize its COIN shares and other securities in the United States
According to Crypto Briefing, Coinbase is renewing its push to coIN tokenize its shares as part of a broader effort to introduce security-based tokens to the U.S. market. The company first tried the move in 2020, but abandoned it due to regulatory obstacles. With the establishment of the U.S. SEC’s newly established cryptocurrency task force, the company sees new opportunities to integrate blockchain-based securities into traditional finance. Alsia Haas, chief financial officer of Coinbase, expressed optimism about regulatory progress at the Morgan Stanley TMT meeting. “I now believe that our U.S. regulators are looking for product innovation and want to move forward,” Haas said. Haas revealed that Coinbase originally planned to go public by issuing security-based tokens representing its COIN shares, which is consistent with its vision to integrate blockchain into traditional finance. Coinbase CEO Brian Armstrong highlighted the potential benefits of tokenized securities, saying they could provide consumers with the ability to trade around the clock.
Coinbase will launch Renzo(REZ) tokens
Coinbase Assets announced on the X platform that Coinbase will add support for Renzo(REZ) on the Ethereum (ERC-20 token) network. Do not send this asset through other networks, otherwise the funds may be lost. If liquidity conditions are met, transactions will begin at 01:00 on March 7, 2025, Beijing time. Once the supply of the asset is sufficient, trading in the REZ-USD trading pair will be launched in stages.
important data
Data: Over $140 million USDT transferred from unknown wallet to Cobo
According to Whale Alert, 140,265,879 USDTs (approximately US$140,411,265) were transferred from an unknown wallet to Cobo at 16:28.
USDC Treasury has added nearly 66.5 million USDC’s to the Ethereum chain
According to Whale Alert monitoring, USDC Treasury minted 66,499,000 new USDC pieces on the Ethereum chain at 15:47, worth approximately US$66,493,247.
The BTC giant whale with a cost price of nearly US$10,000 is suspected of selling 300.9 BTC units, making a profit of approximately US$24.82 million
According to monitoring by@ai_9684xtpa, the BTC giant whale with a cost as low as US$10297 was suspected of selling 300.9 bitcoins an hour ago, worth approximately US$27.92 million, and making a profit of approximately US$24.82 million. The whale’s bitcoin was withdrawn from HTX during the last bear market in 2019, five months after the last sell-off.
In the past two days, 12 wallets have deposited a total of 125 million ENAs worth US$45 million into CEX
According to Lookonchain monitoring, Tokenomist data showed that Erena unlocked 2.07 billion ENAs yesterday (worth US$740.71 million, accounting for 39.17% of the circulating supply). In the past two days, 12 wallets have deposited a total of 125 million ENAs (worth $45 million) into Binance, Bybit and FalconX.
Trump family encryption project WLFI increased its holdings of 4468 ETH, 110.6 WBTC and 3.42 million MOVE
According to Spot On Chain monitoring, the Trump family’s crypto project World Liberty Financial (WLFI) has once again begun purchasing ETH, WBTC and MOVE. Early this morning, it transferred 25 million USDC to a new multi-signature wallet and purchased: 4468 ETH (approximately US$10 million, unit price of US$2238), 110.6 WBTC (approximately US$10 million, unit price of US$90420), 3.42 million MOVE (approximately US$1.5 million, unit price of US$0.439). There are still 3.5 million USDC in the new wallet.
financing
AI-driven game solution iAgent Protocol completes $3 million in financing
iAgent Protocol, an AI-driven gaming solution, announced the completion of US$3 million in financing from Alpha Liquid Terminal, Lydian Labs, double jump.tokyo Inc., Cointrune, Alliance, Frekaz Group, Expert Dojo, IBC Group Official, PG, and Q42 participated. According to reports, iAgent enables game players to create, own and monetize game AI agents, allowing game players to train their AI agents through game screens, supported by DePIN, and creating a new digital asset class on the blockchain by leveraging decentralized GPU computing.
DoubleZero Foundation raises $28 million at a $400 million valuation, led by Dragonfly and Multicoin Capital
According to CoinDesk and The Block, startup DoubleZero Foundation raised $28 million at a valuation of $400 million, led by Dragonfly and Multicoin Capital, with Foundation Capital, Reciprocal Ventures, DBA, Borderless Capital, Superscript and Frictionless participating. People familiar with the matter said the DoubleZero Foundation is currently looking for “strategic partners” to seek more strategic financing at a valuation of US$600 million, which has not yet ended. According to reports, DoubleZero is building a “new type of Internet” to improve blockchain performance. Its vision is to build a global network of private optical cables and then use these optical cables to enable blockchain to transmit data more efficiently than on the public Internet. The project is seen as a key technology in Solana’s plan to process 1 million transactions per second. DoubleZero is opening up its licensing test network to Solana verifiers and RPC, and plans to gradually expand to other chains. Its optical cable network is connected to dedicated lines operated by Jump Crypto, RockawayX, Distributed Global, Latitude and Terraswitch and is accepting more contributors. DoubleZero also announced today the launch of its Licensing Testnet, making the DoubleZero network available to Solana Verifiers and RPC.
