According to Fox Business reporter Eleanor Terrett, Caroline Pham, acting chairwoman of the U.S. Commodity Futures Trading Commission (CFTC), said that staff from the U.S. Securities and Exchange Commission (SEC) and the CFTC are discussing and collaborating on digital assets and other matters. Pham said at the Milken Institute's "Future of Fintech Seminar" in Washington, DC: "We have restarted 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 normal." SEC Commissioner Hester Peirce agreed. Pham also mentioned that the cooperation with David Sacks, the White House's head of cryptocurrency affairs, and the White House was "very smooth." Peirce added: "It's good to have a White House committed to clarity in cryptocurrency regulation. The SEC's cryptocurrency task force has begun to identify areas that are not within our purview. It is very important to clarify what is the SEC's purview and what is not. People affected by the rules should have a seat at the table in the rule-making process."
According to the minutes of the Cryptocurrency Working Group meeting of the U.S. Securities and Exchange Commission (SEC), on March 5, 2025, the Cryptocurrency Working Group staff met with representatives of Circle Internet Financial, LLC, and representatives of WisdomTree Digital Management, Inc. and its affiliates to discuss ways to address issues related to the regulation of crypto assets. Circle and WisdomTree each provided an accompanying document that was discussed during the meeting.
According to the latest list of participants of the first White House Crypto Summit compiled by crypto KOL "The Wolf of All Streets" on the X platform, in addition to the previously disclosed executives of Coinbase, Robinhood and other companies, the latest confirmed industry personnel include Crypto.com CEO Kris Marszalek and Ripple CEO Brad Garlinghouse. White House officials who have confirmed their attendance include Bo Hines (Executive Director of the Presidential Digital Assets Commission), David Sacks (Head of Artificial Intelligence and Cryptocurrency Affairs), Mark Uyeda (Acting Chairman of the US SEC), and Caroline Pham (Acting Chairman of the US CFTC). Unconfirmed attendees include: Cathie Wood (CEO of ARK Invest), Vitalik Buterin (Co-founder of Ethereum), Jeremy Allaire (CEO of Circle), Paolo Ardoino (CEO of Tether), Anatoly Yakovenko (Founder of Solana), and Marc Andreessen (Co-founder of a16z, an early investor in Ripple). Unconfirmed White House official attendees include Howard Lutnick (US Secretary of Commerce), Scott Bessent (US Secretary of the Treasury), and Pam Bondi (US Attorney General). According to Unchained Crypto, citing a White House source, Cardano co-founder Charles Hoskinson was not invited to attend the White House Cryptocurrency Summit on March 8.
U.S. Commerce Secretary says Trump will announce BTC reserve strategy at White House crypto summit
According to The Pavlovic Today, U.S. Commerce Secretary Howard Lutnick revealed that Trump will announce a Bitcoin (BTC) strategic reserve plan at the White House Crypto Summit, marking a major shift in U.S. crypto policy. Trump said the plan will promote the establishment of cryptocurrency reserves in the United States, and mentioned assets such as XRP, SOL, and ADA. In addition, Bitcoin may receive a special status, while other crypto assets will be subject to different but active regulation. The policy is part of Executive Order 14178, which aims to establish the United States as a global digital financial leader and reverse the strict regulatory stance during the Biden administration.
Argentine prosecutors apply to freeze $100 million in crypto raised in Libra sale
According to Decrypt, 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 tweets promoting Solana-based Meme coins. Prosecutor Eduardo Taiano also requested detailed records of LIBRA transactions.
According to TASS, the Russian Ministry of Finance and the Central Bank are discussing the launch of local cryptocurrency transactions under an experimental legal framework, which will be limited to "super-qualified" investors. The specific standards for this category are still being formulated. Officials from the Ministry of Finance said that if the three aspects of the experimental system, investor qualification standards and risk control are agreed upon, a formal plan may be submitted to the government. Discussions are still ongoing between the Ministry of Finance, the Central Bank and market participants. Previously, Putin signed a law in August 2024 to allow cross-border payments and cryptocurrency transactions under the experimental legal framework from September 2024, with the supervision of the central bank.
Texas Strategic Bitcoin Reserve Bill is on the agenda for review
According to Bitcoin Magazine, the Texas Strategic Bitcoin Reserve and Investment Act has been included in the intended schedule and is expected to be reviewed today. The bill has passed the Commerce and Trade Committee and was passed by the committee with 10 votes in favor and 0 votes against, entering the next legislative stage.
OpenAI plans to launch AI Agent with a monthly fee of 145,000 yuan
According to The Information, OpenAI plans to charge $20,000 (about 145,000 RMB) per month for AI agents that have reached doctoral level. These "doctoral level" AI agents can handle complex tasks in the fields of academic research and software development. It is reported that OpenAI plans to launch three types of AI agents, and their monthly charges may range from $2,000 to $20,000.
US judge rejects Musk's bid to block OpenAI from becoming a for-profit entity
According to foreign media reports, a California judge rejected Musk's request to prevent OpenAI from transforming into a for-profit entity. The latest court documents show that Musk's other lawsuits against OpenAI can continue.
UK CMA launches investigation into OpenAI-Microsoft merger
UK Competition and Markets Authority (CMA): Investigation into OpenAI's merger with Microsoft (MSFT.O) launched.
Elixir launches airdrop qualification check page and announces token economics
Elixir, the modular liquidity network, announced on X Platform that the ELX airdrop eligibility check page is now live, and users, community members, and selected DeFi power users can now view their allocations. ELX provides consensus and governance for the Elixir network, with 41% of the supply reserved for the community (8% first quarter airdrop, 21% future airdrop/LP rewards, 12% public network security rewards), 22% for the DAO Foundation, 3% for liquidity, 15% for investors, and 19% for core contribution value. ELX holders can run their own validators or delegate tokens to help secure the network and earn network security rewards. Airdrop recipients automatically delegate to the Elixir Foundation validator - these tokens can be withdrawn at any time. Users who continue to hold delegations during the initial stabilization phase will receive a network stability bonus within three months.
MegaETH: No airdrop rewards will be provided to users participating in the testnet
MegaETH posted on the X platform that the project will not provide airdrop rewards for users participating in the public testnet. The main purpose of the public testnet is to conduct technical stress testing, allow developers to explore new technological breakthroughs, and allow users to experience real-time applications for the first time. MegaETH emphasized that although they are not opposed to the point-based incentive model, this does not conform to the concept of the project. Earlier news, MegaETH will deploy the testnet on March 6 and start accepting users to join on March 10.
Coinbase is resuming plans to tokenize its COIN shares and other securities in the U.S.
According to Crypto Briefing, Coinbase is renewing its push to tokenize its COIN shares as part of a broader effort to bring security tokens to the U.S. market. The company first attempted this 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. Coinbase Chief Financial Officer Alesia Haas expressed optimism about regulatory progress at the Morgan Stanley TMT Conference. "I now believe that our U.S. regulators are looking for product innovation and want to move forward," Haas said. Haas revealed that Coinbase initially planned to go public by issuing security tokens representing its COIN shares, which is consistent with its vision of integrating blockchain into traditional finance. Coinbase CEO Brian Armstrong emphasized the potential benefits of tokenized securities, saying they can provide consumers with the ability to trade around the clock.
According to The Block, the lending protocol Aave is planning to create a savings product called "sGHO" around its native stablecoin GHO and the new "Aave Savings Rate". This move is part of the trend of on-chain stablecoins expanding the functions and use cases of fiat-pegged tokens while providing yields to holders. Similar products include MakerDAO's "savings USDS" and Noble's USDN. A "temporary check" governance proposal reads: "Aave's GHO stablecoin has grown strongly during 2025 and is currently the 20th largest stablecoin. Despite strong growth to date, growing from 200 million to over 300 million will face a different set of challenges and require a different approach." According to the proposal submitted by the Aave Chan Initiative, sGHO is intended to be "a low-risk savings product." Similar to many interest-bearing stablecoins, sGHO will serve as a complementary asset to the "collateralized token" used to protect the protocol. Deposited GHO will be locked in the sGHO contract instead of being re-collateralized to "minimize risk." The savings rate will be determined in part by the amount of sGHO a user mints — the larger the holding base, the lower the return or the need for additional funding. In particular, the Aave savings rate will be tied to the native yield generated by Aave V3’s “USDC native yield” on the Ethereum mainnet. In addition, users will not have to pay deposit and withdrawal fees. “As a yield product, creating friction through fees would reduce the attractiveness of the product and put sGHO at a disadvantage compared to similar products in the market,” the proposal reads, noting that sGHO is “most similar” to Sky Ecosystem’s sUSDS product. sGHO appears to be part of a series of initiatives aimed at expanding GHO’s user base, including a proposal to use the stablecoin as a “gas token across different blockchains” to expand Aave’s “GHO cross-chain strategy.” The interim check passed two days ago with 100% of the vote. Similarly, there are other individual proposals aimed at expanding GHO to the Fluid ecosystem, Arbitrum, and other ecosystems.
Bitwise Applies to the US SEC to Launch Aptos ETF
According to CoinDesk, Bitwise has filed documents to apply for the launch of an ETF that tracks the price of Aptos (APT), the native token of the Aptos network. The asset management company revealed the relevant movement last week when it submitted an application to create a Delaware trust entity for the proposed Aptos ETF. On Wednesday, Bitwise submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC), officially launching the plan. The S-1 filing 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 management company must also submit a 19b-4 filing to indicate that the relevant stock exchange needs to make necessary rule changes, which also means that the SEC will face strict approval deadlines.
Canary Capital applies to the US SEC to launch an ETF tracking the cross-chain protocol Axelar
According to CoinDesk, Canary Capital, an investment firm focused on digital assets founded by former Valkyrie Funds co-founder Steven McClurg, is planning to launch an ETF that tracks the price of Axelar (AXL). The company submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) on Wednesday, initiating the process of launching such a fund. The hedge fund has previously filed documents 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 and 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.
Coinbase to List Renzo (REZ) Token
Coinbase Assets announced on X that Coinbase will add support for Renzo (REZ) on the Ethereum (ERC-20 token) network. Do not send this asset over other networks, or you may be at risk of losing your funds. Trading will begin on or after 01:00 on March 7, 2025 (GMT+8), if liquidity conditions are met. Once the supply of this asset is sufficient, trading in the REZ-USD trading pair will be launched in phases.
Robinhood US Launches Arbitrum (ARB)
According to Robinhood US, Robinhood will launch Arbitrum (ARB).
Ethereum Foundation: Sepolia testnet Pectra upgrade encountered a malfunction and has now been fixed
According to the official blog of the Ethereum Foundation, the Pectra network upgrade has been launched on the Sepolia testnet, but due to problems with Sepolia's license deposit contract, some execution layer clients are unable to include transactions in blocks. This problem is limited to the Sepolia testnet configuration and will not affect the Ethereum mainnet. The team quickly identified the cause and initiated a fix. The validator deployed the patch at 14:00 UTC and the network resumed normal throughput. All Sepolia node operators must upgrade the execution layer client to maintain network compatibility, and the official has provided the corresponding updated version.
Insider: Jump restarts US crypto business to accelerate trading and expand recruitment
According to CoinDesk, citing people familiar with the matter, Chicago trading giant Jump is fully resuming its U.S. crypto business. After shrinking due to regulatory uncertainty in the past two years, it is now accelerating its trading layout and expanding recruitment. Although Jump continues to conduct crypto trading and market making around the world, trading volume in the U.S. market is recovering, prompting Jump to return to the market. The company plans to recruit crypto engineers and add policy and government affairs positions to adapt to the new regulatory environment. Previously, Jump was subject to regulatory scrutiny due to the collapse of Terra Luna and FTX, and had laid off nearly half of its employees and split the Wormhole project. In the future, Jump may enter the U.S. crypto ETF market, paying particular attention to the Solana (SOL) ecosystem. The market expects that the Solana ETF may be approved.
Ripple Funds $50 Million to Establish NCA to Promote Cryptocurrency Education and Popularization
According to The Block, the National Cryptocurrency Association (NCA), funded by Ripple with $50 million, has officially launched, aiming to help Americans better understand the crypto industry through an educational platform. NCA provides crypto knowledge resources, video tutorials, practical guides, etc. It plans to carry out national promotion activities, community activities and courses, and will release a survey report on 10,000 American crypto holders this month. Data shows that 21% of Americans may have used cryptocurrencies, and 76% believe that cryptocurrencies have a positive impact on their lives. Although NCA was founded by Ripple, the organization stated that it is not affiliated with any specific company and does not engage in political lobbying. Its goal is to promote objective and neutral crypto education and help the widespread adoption of the crypto industry.
According to CoinDesk, people familiar with the matter revealed that the startup DoubleZero Foundation has completed $28 million in financing at a valuation of $400 million, led by Dragonfly and Multicoin Capital. DoubleZero Foundation is currently looking for "strategic partners" to seek more strategic financing at a valuation of $600 million, and the strategic financing has not yet ended. According to reports, DoubleZero is building a "new Internet" to improve blockchain performance. Its vision is to build a global private fiber optic cable network, and then use these cables to enable blockchains to transmit data more efficiently than on the public Internet. The project is seen as a key technology for Solana's grand plan to process 1 million transactions per second. DoubleZero is opening its licensed testnet to Solana validators and RPC, and plans to gradually expand to other chains. Its fiber optic cable network is connected to dedicated lines operated by Jump Crypto, RockawayX, Distributed Global, Latitude and Terraswitch, and is accepting more contributors.
Pond.fun’s chief engineer stole liquidity and transferred 64.8 ETH
According to Pond.fun's official disclosure, the Meme coin Launchpad Pond.fun on Linea was hacked this morning. The attacker was the project's chief software engineer Genesis, who had stolen liquidity from the smart contract and sold tokens, transferring a total of 64.8 ETH to the privacy protocol Railgun. Pond.fun warned users to avoid interacting with its official website and efrogs and croak websites to prevent further security risks. At present, Chainalysis and Elliptic have been contacted to ensure that the hacker cannot pass the Proof of Innocence (POI) review, and are working with the Linea team to investigate the incident.
Celo mainnet will be upgraded to Ethereum L2 on March 26
According to Celo official news, Celo will officially activate the Ethereum L2 mainnet at 11:00 (Beijing time) on March 26, 2025, with a hard fork block height of 31057000. After the upgrade, the block time will be shortened from 5 seconds to 1 second, while retaining the complete on-chain history to ensure network transparency. In addition, this upgrade reduces 365,000 lines of code, reduces the technical burden, and supports trustless upgrades, making node operations more efficient.
According to CoinDesk, Animoca Brands' full-year revenue in 2024 was $314 million, a year-on-year increase of 12%, of which consulting business revenue was $165 million, a year-on-year increase of 116%, surpassing the traditional Web3 business. Web3 business (games and NFT) revenue fell to $110 million, a year-on-year decline of 40%, reflecting the company's transformation to consulting services such as token economy, listing consulting, and node operations. In addition, investment income and management expenses contributed $39 million. The latest year-end financial report shows that the company has $293 million in cash and stablecoin reserves, $538 million in digital assets, and $2.9 billion in on-chain token reserves. Although the portfolio has increased to 540 companies, the scale of private equity investment has fallen by 18%, from $690 million to $564 million, mainly due to token unlocking, equity exits and asset impairments.
U.S. ADP employment in February was 77,000, the smallest increase since July last year
The number of ADP jobs in the United States in February was 77,000, the smallest increase since July last year, with expectations of 140,000 and a previous value of 183,000.
Ceffu wallet deposited about $62 million of ETH to Binance via an intermediary address
On-chain data shows that a few minutes ago, 28,000 ETH were transferred from the Ceffu wallet to an unknown wallet. Subsequently, the unknown wallet address transferred 27,978 ETH (about 62 million US dollars) to the Binance exchange. Currently, the unknown wallet address still holds about 9,273 ETH, and the Ceffu wallet holds about 282,600 ETH (worth about 630 million US dollars).
Mt. Gox transfers 11,833.64 BTC to an unmarked wallet
According to OnchainLens monitoring, 21 minutes ago, Mt. Gox transferred 11,833.64 BTC (worth $1.07 billion) to an unmarked wallet.
According to Spot On Chain, the Trump family crypto project World Liberty Financial (WLFI) has started buying ETH, WBTC and MOVE again. In the early hours of this morning, it transferred 25 million USDC to a new multi-signature wallet and purchased: 4,468 ETH (about $10 million, $2,238 per unit), 110.6 WBTC (about $10 million, $90,420 per unit), and 3.42 million MOVE (about $1.5 million, $0.439 per unit). There are still 3.5 million USDC left in the new wallet.
