GuShiio.com Opinion: The U.S. government can invest up to 88,000 BTC in strategic reserves, and more than 110,000 must be returned to Bitfinex;Manus clarified: He has never participated in a cryptocurrency project, token issuance or blockchain project;Grok proposed “GrokCoin” as the AI theme Memecoin.
Today’s top news tips:
YZi Labs invests in Tensorplex Labs to promote decentralized AI development
SBF’s crisis public relations manager resigned after a second interview in prison
The United States has established a Bitcoin war reserve, but will not proactively purchase Bitcoin additionally
Opinion: The maximum amount of BTC that the U.S. government can invest in strategic reserves is 88,000, and more than 110,000 must be returned to Bitfinex
Binance imposes surveillance tags on GoPlus Security (GPS)
Manus clarified: He has never participated in a cryptocurrency project, token issuance or blockchain plan
Grok proposes GrokCoin as AI theme Memecoin
Market News: CANARY SUI ETF registered in Delaware
Regulation/macro
Trump will deliver a speech at the White House Digital Assets Summit at 4 am Beijing time on March 8
According to Tree News, Bloomberg, Trump will deliver a speech at the White House Digital Assets Summit at 3 pm EST on March 7 (04:00 Beijing time on March 8). According to previous news, the White House Encryption Summit will begin at 2:30 a.m. on March 8, Beijing time.
Japan plans to classify cryptocurrencies as new assets rather than securities regulation
Sota Watanabe, founder of Astar Network, revealed on platform X: “In Japan, cryptocurrencies may not be regarded as securities, but as a new asset class regulated under the new framework of the Financial Instruments and Transactions Act. If the bill is passed, it will be a victory for the cryptocurrency industry. The Japanese government has been holding consultations with Japanese industry leaders, which is a positive result of cooperation between the two sides.” Earlier, it was reported yesterday that Japan’s ruling party proposed to reduce the upper limit of the crypto tax rate to 20% for benchmark stock investments.
The United States has established a Bitcoin war reserve, but will not proactively purchase Bitcoin additionally
According to Kim Shi, Trump established a Bitcoin reserve as scheduled, but the White House cryptocurrency chief revealed that “in addition to the assets acquired through the asset confiscation process, the government will not purchase additional assets for the reserve.” This depressed the price of Bitcoin. Previously, there were many expectations that the United States would purchase additional bitcoin to replenish its reserves.
views
OKG Research: XRP, SOL and ADA are not seen in the US government wallet, and the path to inclusion in the reserve may be different from BTC
According to OKG Research analysis, XRP, SOL and ADA are not seen in the main positions of the U.S. government marked wallet addresses. These three tokens were previously mentioned by Trump as key tokens for promoting cryptocurrency strategic reserves. This suggests that its path into the reserve may be different from Bitcoin’s direct transition from forfeiture to strategic reserves. At present, the U.S. government wallet balance has increased by nearly US$10 billion compared with last year, of which Bitcoin holds approximately US$17.5 billion, occupying a dominant position. In addition, there are still four types of tokens with positions exceeding US$10 million, including ETH (including WETH, totaling US$133 million), USDT (US$122 million), BNB (including WBNB, totaling US$37.55 million) and USDC (including AUSDC, totaling US$24.96 million). There are also six tokens held between US$1 million and US$10 million, namely DAI ($8.66M), TRX ($3.64M), UNI ($2.15M), LINK ($1.65M), RNDR ($1.02M) and SAND ($1.02M).
Solana: Bitcoin executive order further eliminates regulatory uncertainty, industry still needs clearer rules
Anatoly Yakovenko, co-founder of Solana, wrote on platform X that the Bitcoin executive order is a “scalpel”. It is not a U.S. government bailout of cryptocurrencies, but further eliminates the regulatory uncertainty that has plagued the industry for the past four years. He pointed out that the industry still needs the stablecoin act, guidelines to allow banks to access cryptocurrencies, and clear rules from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission on token issuance and DeFi. These measures will help further regulate and develop the cryptocurrency industry.
Opinion: The maximum amount of BTC that the U.S. government can invest in strategic reserves is 88,000, and more than 110,000 must be returned to Bitfinex
Alex Thorn, director of research at Galaxy Digital, said in a post on X: “The current bitcoin balance available to the U.S. government as a strategic reserve is at most 88000 BTC, accounting for only 43% of current government holdings. This is because of the approximately 198000 BTC currently held by the U.S. government, 112000 BTC will be returned to Bitfinex.”
Interpretation: Trump Executive Order establishes two types of digital asset holding mechanisms
Fox Business News reporter Eleanor Terrett posted on platform X that Trump’s executive order established two different mechanisms for storing digital assets: 1. The Strategic Reserve, which only reserves Bitcoin (BTC), is initially funded by approximately 200,000 bitcoins obtained by the government through criminal and civil confiscations over the years. Treasury Secretary Bessent and Commerce Secretary Lutnick are authorized to explore ways to acquire more bitcoins without increasing the burden on taxpayers and position it as a national-level digital value reserve. 2. The Digital Asset Stockpile, which contains digital assets other than Bitcoin-which may include XRP, ADA, ETH, SOL and other assets. The Ministry of Finance is responsible for the “responsible management” of digital assets held by the government. The government will only explore using budget-neutral methods to purchase more Bitcoin, and will not proactively seek to increase the number of other digital assets in the reserve. The executive order also requires a comprehensive audit of all digital assets currently held by the government to ensure transparency in asset management.
Coinbase director: Trump’s latest executive order is expected to reduce $18 billion in Bitcoin selling pressure
In response to “Trump signing an executive order to establish a strategic bitcoin reserve,” Coinbase director Conor Grogan wrote on the X platform: “According to my estimation, the U.S. government holds 198,109 bitcoins. This executive order will reduce selling pressure by approximately $18 billion.”
SBF’s crisis public relations manager resigned after a second interview in prison
After FTX founder Sam Bankman-Fried (SBF)’s prison interview with Tucker Carlson was released unannounced on Thursday, SBF’s crisis communications manager has resigned. Mark Botnick, who has represented SBF since the collapse of FTX, the cryptocurrency exchange, in November 2022, resigned on Thursday after learning of the interview. This was the second interview the SBF had since breaking two years of public silence after being jailed. The interviews appear to be part of his attempt to obtain a presidential pardon. In both interviews, the SBF praised President Trump, criticized Biden’s previous administration, and argued that he began to take the Republican Party more seriously after failed contacts with former Securities and Exchange Commission Chairman Gary Gensler.
project dynamics
Binance imposes surveillance tags on GoPlus Security (GPS)
According to Binance’s announcement, Binance will impose a surveillance tag on GoPlus Security (GPS) on March 7, 2025. Previously, GPS experienced a significant price drop after its spot listing and involved market making behavior.
Greeks.live: 26,000 BTC and 215,000 ETH options have expired, and option market makers have recently reduced their selling efforts
According to Greeks.live data, a total of 26,000 BTC options and 215,000 ETH options expired on March 7. The Put Call Ratio was 0.72 and 0.73 respectively. The maximum pain points were US$89000 and US$2300 respectively, with nominal values of US$2.36 billion and US$490 million respectively. The market fluctuated violently this week, with BTC short-term implied volatility (IV) remaining at 90%, and ETH exceeding 110%. Market panic about the short-term trend of cryptocurrencies spread, with Trump’s speech becoming the only hot topic, and other tracks performing flat. Option market makers have recently reduced their selling efforts and allowed IV to rise to avoid risks, while buyers have made a lot of profits in the past two weeks.
Developer of Odin.fun: The Bug in the deposit synchronization code has been recovered, and front-end optimization will be carried out
Odin.fun developer Bob Bodily issued a post on the X platform in response to rumors that the platform was attacked. He said that there was a Bug in the Odin.fun deposit synchronization code, which caused some users to have more balances than the amount they deposited. This is why no one can find 74 BTC deposit transactions on the chain. This problem was all fixed about 12 hours ago. All user funds are safe, and no user suffered direct losses due to this vulnerability. The Odin.fun front-end is currently being improved to add deposit and withdrawal status (pending, confirmed, credited) and browser links so that funds can be tracked.
Grok proposes to launch GrokCoin plan to create AI theme Memecoin
Musk’s Grok said that if a Memecoin is launched, it will be named “GrokCoin”, which is inspired by its AI identity and is both interesting and attractive. Grok pointed out that Memecoin usually stems from Internet trends and humorous culture, such as Dogecoin’s dog emoticons, and quickly gains attention through community interactions on platforms such as X.
Manus clarified: He has never participated in a cryptocurrency project, token issuance or blockchain plan
According to Jin Shi, Manus co-founder and chief scientist Yichao Peak Ji(Ji Yichao) issued a statement on X saying: “Our official X account (@ManusAI_HQ) was unexpectedly frozen yesterday. We are actively working with the X team to resolve this matter. Preliminary observations indicate that this freeze may be related to third party mentions of cryptocurrency fraud. Just to be clear: Manus has never been involved in a cryptocurrency project, token issuance, or blockchain project, and any similar-named cryptocurrency company that claims to be associated with us is fraudulent. We are taking legal action against these impostors and encouraging users to report suspicious accounts.” It is reported that Manus is the world’s first universal Agent product released by China’s startup Monica.
Jupiter’s “2030 lock-in” proposal is open to voting. If approved, its JUP position will rise to 7% of total supply five years later.
Jupiter co-founder Meow’s “2030 lock-in” proposal is now open to voting. There will be three options for voting: 1. Agree, Meow will provide 280 million JUP in advance and lock it into 2030 in exchange for 220 million JUP rewards. 2. Disagree, the 280 million JUP comes from the team’s strategic reserve, and Meow’s JUP will be unlocked in June 2026 as planned. 3. Abstaining.
GoPlus Security: The disclosure of listing information is “untrue” and is conducting an internal investigation into the collapse of coins
GoPlus Security posted on the X platform: “First of all, GoPlus has established a special investigation team to conduct a comprehensive investigation into abnormal price fluctuations. Binance also provided additional support to assist in investigating the cause of the incident. First, in response to community feedback that a leak disclosed online information in advance and suspected that this person was a GoPlus team member or community administrator, GoPlus immediately launched an internal investigation. The investigation results show that this situation is not true. Because the GoPlus team did not know in advance the GPS launch plan on March 4. Everything happened very suddenly. Our team only learned about the launch after the announcement was released and immediately worked with Binance to meet any additional requirements from our side. In addition, it has been confirmed that the people who spread various rumors have nothing to do with the parties involved, and they have no way to obtain online internal information through official internal channels. On the day of launch, GoPlus transferred a total of 500 million GPS tokens to Binance. Among them, 300 million GPS tokens have been issued as rewards for the BNB HODLer program, and the remaining 200 million tokens will be used for future marketing activities. For transparency reasons, Binance has transferred the remaining 200 million GPS tokens to public wallet addresses. In response to the 50% drop in GPS prices in 24 hours, GoPlus is conducting an internal investigation with multiple partners and will fully explain our findings to users.”
Mint Blockchain: MINT airdrop will be unlocked in three months, with 50% unlocked for the first time
Mint Blockchain issued a message on X stating that Mint applications will be open at 14:00 on March 7, Beijing time, and airdrops will adopt a phased unlocking mechanism and be unlocked in three months. The specific unlocking time is as follows: March 7, 2025: 50% unlocked; April 15, 2025: 25% unlocked; May 31, 2025: 25% unlocked.
Market News: CANARY SUI ETF registered in Delaware
According to market news, the CANARY SUI ETF is registered in Delaware.
Bithumb will launch AVL tokens in the Korean won market
According to an official announcement, South Korean crypto exchange Bithumb will launch AVL tokens in the Korean won market.
Movement will be launched on the main network on March 10
Movement released a video trailer on the X platform, and it will be launched on the main website on March 10.
Jito Foundation contributors propose new JTO token economy model, including potential buybacks
Jito Foundation contributor Andrew Thurman on Thursday proposed a new model simulation of JTO token economics that includes potential token repurchase plans. He suggested that communities should focus on how to make the best use of revenue rather than simply expanding the size of their coffers. Thurman suggested that Jito could try a “recycling and reward” strategy to find a balance between reinvest in ecosystem growth and rewarding participants. In terms of “value recovery”, Thurman believes there are two main options: repurchase and flip the fee switch. Both methods are designed to return value directly to users. He mentioned that although the fee switching mechanism is simple and easy to implement, there are few successful cases, and repurchase is more popular due to its successful use in traditional markets. However, there is currently no risk-free or clearly successful repurchase model. To this end, Thurman proposed two new reinvestment models: repurchase and barter: Jito DAO can use part of its income to barter cooperation with DAOs of other projects, by removing JTO tokens in circulation in the market and “soft locking” tokens, avoid an increase in circulation. However, this plan may have counterparty risks. Real yield indicator: Details have not been disclosed, but aims to further optimize token economics through innovative methods. Thurman emphasized that how to find the best balance between value recovery and rewards, whether at the application level or infrastructure level, is still a new design area that deserves further exploration.
important data
DWG Labs deposits 3 million FETs into Bitget
According to Spot On Chain monitoring, DWG Labs took action for the first time in five months, depositing 3 million FETs (worth $1.82 million) into Bitget. These tokens come from 10 million FETs transferred by the Fetch.ai Foundation on September 3, 2024, at a price of US$1.185 at the time. So far, DWG Labs has deposited a total of 5 million FETs with Binance and Bitget, with an average price of US$0.987, a decrease of 16.7% from the initial price. In addition, it still holds 5 million FETs worth approximately US$3.04 million.
GrokCoin List 1 purchased 18SOL GrokCoin, with a return on investment of 7946%
According to monitoring by@ai_9684xtpa, Solana Ecology recently appeared Memecoin $GrokCoin with a market value exceeding US$10 million. One address on the list (9hD5w… jn49o) purchased 17.69 million GrokCoin at a low price of 18 $SOL (approximately US$2560) at a price of $0.0001447. The address has sold US$18,000 worth of tokens in the past 6 minutes to recover the capital. The remaining 92.6% of the current positions still have a floating profit of US$185,000, and the return on investment is as high as 7946%.
The U.S. Bitcoin Spot ETF had a total net outflow of US$134 million yesterday, lasting for four consecutive days.
According to SoValue data, the total net outflow of Bitcoin Spot ETF yesterday (March 6, U.S. Eastern Time) was US$134 million. Yesterday, the Grayscale ETF GBTC net outflow in a single day was US$34.5089 million. The current historical net outflow of GBTC is US$22.384 billion. Grayscale Bitcoin Mini Trust ETF BTC has a single-day net outflow of US$0.00. Currently, the total historical net inflow of Grayscale Bitcoin Mini Trust BTC is US$1.086 billion. As of press time, the total net asset value of the Bitcoin Spot ETF was US$100.602 billion, the ETF net asset ratio (market value as a proportion of Bitcoin’s total market value) reached 5.7%, and the historical cumulative net inflow has reached US$36.552 billion.
A giant whale gained a floating profit of approximately US$26 million through multiple short positions on Hyperliquid
According to Onchain Lens, a giant whale gained a floating profit of approximately US$26 million through multiple short positions on Hyperliquid. The giant whale holds a total of 48 perpetual contract positions on HyperLiquid: 47 of them are short and 1 is long. Of these positions, only three are at a loss, while the remaining 45 positions are highly profitable. In addition, the giant whale also holds 23,947 HYPE tokens (worth US$386,000) and 361,250 other tokens (worth US$31,800) on the spot market.
Financing/Acquisition
Base acquires Iron Fish team, not involving blockchain or IRON tokens
Base announced that it has acquired the development team of the Iron Fish blockchain to accelerate the development of privacy protection technologies. The acquisition is limited to the team and does not involve the Iron Fish blockchain or its native token, IRON. Base said the Iron Fish team will develop “privacy protection primitives” for it, while the Iron Fish project will remain independent and not affiliated with Coinbase or Base. Iron Fish is a privacy-focused proof-of-work encryption project that achieves transaction privacy through zero-knowledge proofs (zk-SNARKs). Iron Fish confirmed on social platform X that it will join Base to expand user privacy capabilities, and its founder Elena Nadolinski will continue to serve on the foundation’s board of directors to ensure that the project’s governance structure remains unchanged.
AI encryption company Validation Cloud completes $15 million in Series A financing, led by True Global Ventures
According to Fortune Magazine, Validation Cloud, a cryptographic infrastructure company that uses artificial intelligence, announced that it has completed a US$15 million Series A financing, led by True Global Ventures, and participated by Cadenza, Blockchain Founders Fund, Side Door Ventures and AP Capital. The company’s valuation in this round of financing was not disclosed. According to reports, this is the third round of financing for Validation Cloud. Since its establishment in 2017, its total financing has reached US$30.8 million. Validation Cloud offers three main products to support blockchain based on the Proof-of-Stake (PoS) consensus mechanism. Validation Cloud’s products include token pledge capabilities, software to connect computers to the proof-of-stake network, and access to data analyzed by artificial intelligence. The company offers its products on multiple popular blockchains, including Solana, Ethereum, Base, Aptos and Binance Chain. Validation Cloud’s revenue comes from commissions earned by customers using its services to pledge tokens, as well as subscription fees for using its software.
Cryptocurrency broker August completes $10 million Series A financing, led by Dragonfly Ventures
According to Fortune Magazine, cryptocurrency broker August completed a US$10 million Series A financing, led by Dragonfly Ventures, and SCB Limited, 6th Man Ventures and Foresight Ventures participated. The valuation in this round of financing was not disclosed. August will use the latest funds raised to develop marketing strategies, hire more employees and continue to develop new technologies. According to reports, August is a brokerage company focusing on cryptocurrencies. It works with large financial institutions such as hedge funds and family offices to help them obtain the benefits and returns of cryptocurrency investments through lending and trading. The majority of August’s revenue comes from trading spreads and charges customers a transaction fee on each trade. The company previously raised $6 million in a seed round in 2023.
YZi Labs invests in Tensorplex Labs to promote decentralized AI development
YZi Labs announced that it has invested in Tensorplex Labs, a laboratory dedicated to building decentralized AI applications, infrastructure and tools. This investment aims to accelerate the integration of AI development and decentralized technology. Tensorplex main products: · Tensorplex Dojo: Decentralized AI core infrastructure, integrated human intelligence to train AI, and provided rewards to contributors. In the future, Dojo will promote real-time collaboration between humans and machines and create a “human API” in the AI era.· Backprop Finance: Bittensor ecosystem’s DeFi platform, supporting dTAO.
