Headlines
▌CZ Releases "Crazy Token Issuance Ideas" and Clarifies No Plans to Issue Tokens
CZ posted on the X platform stating, "What if someone issued a token with the following token economics? Initially, 10% of the tokens are unlocked and sold in the market. The proceeds will be used to build the product/platform, marketing, salaries, etc. for the project team. Future unlocks must meet all of the following conditions: Six months after the previous unlock. Only when the token price has been above 2x the previous unlock price for at least 30 consecutive days prior to the unlock. A maximum of 5% of tokens can be unlocked each time.
▌White House: First Cryptocurrency Summit to be Held on March 7, Trump to Attend and Deliver Speech
According to official information, President Trump will attend the first White House Cryptocurrency Summit on March 7 and deliver a speech. Attendees will include well-known founders, CEOs and investors from the cryptocurrency industry, as well as members of the President's Digital Assets Working Group. The summit will be hosted by White House AI and Crypto Czar David Sacks and managed by Working Group Executive Director Bo Hines.
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $86,150.51, with a daily change of +2.8%;
ETH's latest trading price is $2,217.44, with a daily change of +0.1%;
BNB's latest trading price is $609.55, with a daily change of +3.9%;
SOL's latest trading price is $144.83, with a daily change of -0.8%;
DOGE's latest trading price is $0.2063, with a daily change of +2.3%;
XPR's latest trading price is $2.19, with a daily change of +3.4%.
Policy
▌Ukrainian People Express Support for Zelensky
On February 28, local time, US President Trump and Ukrainian President Zelensky had a heated argument at the White House. Local Ukrainian citizens interviewed by reporters said they were both shocked and outraged, and expressed their support for Zelensky, believing he had been humiliated.
▌Swiss Central Bank Governor Denies Plans to Hold Bitcoin as Swiss Central Bank Reserves
According to local media reports, Swiss National Bank (SNB) President Martin Schlegel rejected the idea of holding Bitcoin as part of the Swiss central bank's reserves, citing a lack of stability, liquidity and security. In an interview with the Tamedia group, Schlegel listed three main concerns surrounding cryptocurrencies. The first is the volatility of cryptocurrencies, which he believes makes them unsuitable for long-term value preservation.
Blockchain Applications
▌Vitalik: Goal is to Run Fusaka Testnet with Specific Blob Parameters the Day After Pectra Launches
Ethereum co-founder Vitalik Buterin posted that by 2025, we need the Fusaka upgrade plan to use PeerDAS on L1, ideally with a blob target/limit of 48/72. Our goal is to run a Fusaka testnet with these blob parameters the day after Pectra launches.
Cryptocurrencies
▌Ethereum Needs a Lot of Young People with a Cypherpunk Vision
Ethereum co-founder Vitalik Buterin posted that "Ethereum needs a lot of young people with a cypherpunk vision. All the OGs are exhausted, now it's up to the next generation."
▌Ukraine Exploring Crypto Tax Rates Between 5% and 10%
According to Cryptoslate citing local media reports, Ukraine is advancing the process of legalizing cryptocurrencies, with lawmakers expected to vote on the bill in the coming months. However, there is still uncertainty around how digital assets will be taxed. Ukraine is exploring setting crypto tax rates between 5% and 10%. However, officials are also considering adopting a standard tax framework, i.e. 18% income tax plus 5% military tax, resulting in a total crypto tax burden of 23%. The final decision is still under discussion, with legislation expected to be completed by mid-2025.
▌Bitcoin is Insurance, Not an Investment, to Ensure One's Assets Don't Go to Zero
Solana co-founder Toly, in responding to a community member, stated, "Bitcoin has no value. At best, it's insurance. Based on my lifetime of experience, there is a 1% chance a superpower collapses every year. For me, spending 1% of my wealth to buy something that might not go to zero in that environment is worth it. This is not an investment, it's a cost, and there's no guarantee it will work. Bitcoin can do this at $100,000 and $10,000." He added that beyond the initial innovation 15 years ago, Bitcoin has little to do with technology.
▌Ripple Chief Legal Officer Supports SEC's Guidance on Meme Coins
Ripple's Chief Legal Officer, Stuart Alderoty, broke his silence on the US Securities and Exchange Commission's (SEC) latest classification of Meme Coins. The legal expert fully agrees with the regulator's view, emphasizing that Meme Coins are not securities. He reiterated that the beauty of the guidance lies in its simplicity. Alderoty believes the SEC's issue is whether something falls under its jurisdiction, not whether it is legal or illegal. He pointed out that under the Commission's new stance, if fraud occurs, other agencies can take action, not the SEC.
Important Economic Dynamics
▌CSRC: Orderly Carry Out Pilot of Digital RMB in Hong Kong
Recently, the China Securities Regulatory Commission (CSRC) issued a response to a proposal from the 2nd Session of the 14th National Committee of the Chinese People's Political Consultative Conference. It mentioned that the CSRC and relevant departments will further optimize and expand the interconnection between the mainland and Hong Kong financial markets, continuously optimize the Stock Connect, Bond Connect, and Mutual Recognition of Funds mechanisms, and on the basis of summarizing existing experience, conduct in-depth research and demonstration on the feasibility of Hong Kong companies listing in the mainland, and in combination with market demand, continue to promote the optimization of the "Cross-boundary Wealth Management Connect" pilot, and orderly carry out the pilot of digital RMB in Hong Kong, comprehensively deepen the close practical cooperation between the mainland and Hong Kong, and consolidate and enhance the status of Hong Kong as an international financial center.
Jinse Encyclopedia
Fractal Bitcoin is an innovative blockchain scaling solution, based on recursive virtualization technology, creating a multi-layered network structure to enhance the scalability of Bitcoin while maintaining a secure connection to the mainnet. The creation of Fractal Bitcoin stems from the emergence of the Ordinals protocol and related applications in 2023. For security reasons, Bitcoin has implemented restrictions on opcodes and block storage space in its iterations, and when the Bitcoin ecosystem develops rapidly, there are limitations in on-chain computing power and block space, so developers have proposed the concept of Fractal Bitcoin, hoping to solve the shortcomings of the Bitcoin network.
Disclaimer: Jinse Finance, as a blockchain information platform, the articles published are for reference only and do not constitute actual investment advice. Please everyone establish the correct investment concept, and must improve risk awareness.
