Acting CFTC Chair: CFTC and SEC are discussing and cooperating on digital assets and other matters
According to Fox Business News reporter Eleanor Terrett, Caroline Pham, the Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), stated that the staff of the U.S. Securities and Exchange Commission (SEC) and the CFTC are discussing and cooperating on digital assets and other matters. Pham said at the "Future of FinTech" conference hosted by the Milken Institute in Washington, D.C.: "We have restarted staff-level dialogues between the CFTC and the SEC. We hope to work together. We used to cooperate very well, and I look forward to restoring normalcy." SEC Commissioner Hester Peirce expressed agreement with this. Pham also mentioned that the collaboration with David Sacks, the White House's crypto advisor, and the White House has been "very smooth". Peirce added: "It's a good thing to have a White House that is committed to providing clarity on crypto regulation. The SEC's crypto-specific task force has started to identify areas that are not within our jurisdiction. It is very important to clarify what is within the SEC's jurisdiction and what is not. Those affected by the rules should have a seat at the table in the rule-making process."
According to the minutes of the U.S. Securities and Exchange Commission (SEC) Crypto Assets and Cyber Unit meeting, on March 5, 2025, staff from the Crypto Assets and Cyber Unit met with representatives of Circle Internet Financial, LLC and WisdomTree Digital Management, Inc. and its affiliates to discuss ways to address issues related to the regulation of crypto assets. Circle and WisdomTree respectively provided accompanying documents that were discussed during the meeting.
Latest list of attendees at the White House crypto summit includes CEOs of Crypto.com and Ripple
According to the latest list of attendees at the inaugural White House crypto summit compiled by crypto KOL "The Wolf of All Streets" on the X platform, in addition to the previously disclosed executives from companies like Coinbase and Robinhood, the latest confirmed industry attendees include Crypto.com CEO Kris Marszalek and Ripple CEO Brad Garlinghouse. The confirmed White House officials attending include Bo Hines (Executive Director of the President's Council on Digital Assets), David Sacks (AI and Crypto Advisor), Mark Uyeda (Acting SEC Chair), and Caroline Pham (Acting CFTC Chair). Unconfirmed attendees include: Cathie Wood (CEO of ARK Invest), Vitalik Buterin (Ethereum co-founder), Jeremy Allaire (CEO of Circle), Paolo Ardoino (CEO of Tether), Anatoly Yakovenko (Founder of Solana), and Marc Andreessen (co-founder of a16z, early Ripple investor). Unconfirmed White House official attendees include Howard Lutnick (Secretary of Commerce), Scott Bessent (Secretary of the Treasury), and Pam Bondi (Attorney General). According to a source close to the White House cited by Unchained Crypto, Cardano co-founder Charles Hoskinson was not invited to the White House crypto summit on March 8.
U.S. Commerce Secretary says Trump will unveil BTC reserve strategy at White House crypto summit
According to a report by 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 stated that the plan will drive the U.S. to establish a crypto currency reserve, and mentioned assets like XRP, SOL, and ADA. Additionally, Bitcoin may be granted a special status, while other crypto assets will face different but positive regulation. This policy is part of Executive Order 14178, aimed at establishing the U.S. as a global digital finance leader and reversing the strict regulatory stance of the Biden administration.
Argentine prosecutor requests freezing of $100 million in crypto raised in LIBRA sale
According to Decrypt, the lead prosecutor investigating Argentine President Javier Milei's alleged involvement in the LIBRA scandal has requested the freezing of around $100 million in crypto assets related to the case, and the restoration of deleted social media posts, including Milei's tweets promoting a Solana-based Meme coin. Prosecutor Eduardo Taiano has also requested detailed records of the LIBRA transactions.
According to a Tass report, the Russian Finance Ministry and Central Bank are discussing the launch of domestic crypto trading within an experimental legal framework, limited to "ultra-high net worth" investors, with the specific criteria for this category still being developed. Finance Ministry officials stated that if the experimental regime, investor qualification standards, and risk management are all agreed upon, a formal proposal may be submitted to the government. The discussions are currently ongoing between the Finance Ministry, Central Bank, and market participants. Previously, Putin had signed a law in August 2024, allowing cross-border payments and crypto transactions within an experimental legal framework starting in September 2024, with the Central Bank as the regulator.
Texas Strategic Bitcoin Reserve Bill scheduled for consideration
According to a Bitcoin Magazine report, the "Texas Strategic Bitcoin Reserve and Investment Act" has been placed on the intent calendar and is expected to be considered today. The bill has passed through the Business & Commerce Committee with a 10-0 vote, moving to the next legislative stage.
OpenAI plans to launch AI agent with a monthly fee of $145,000
According to a report by The Information cited by JinShi, OpenAI plans to charge $20,000 per month (around 145,000 RMB) for AI agents with doctoral-level capabilities, which can handle complex tasks in academic research and software development. OpenAI reportedly plans to offer three types of AI agents, with monthly fees ranging from $2,000 to $20,000.
U.S. judge denies Musk's request to block OpenAI's transition to a for-profit entity
According to media reports, a U.S. California judge has denied Musk's request to block OpenAI's transition to a for-profit entity. The latest court documents show that Musk's other lawsuits against OpenAI can continue.
UK CMA launches investigation into OpenAI's merger with Microsoft
The UK Competition and Markets Authority (CMA) has launched an investigation into the merger of OpenAI and Microsoft (MSFT.O).
Elixir launches airdrop eligibility check page and publishes token economics
The modular liquidity network Elixir announced on the X platform that the ELX airdrop eligibility check page is now live, allowing users, community members, and selected DeFi power users to check their allocations. ELX provides consensus and governance for the Elixir network, with 41% of the supply reserved for the community (8% for the first season airdrop, 21% for future airdrops/LP rewards, 12% for network security rewards), 22% for the DAO Foundation, 3% for liquidity, 15% for investors, and 19% for core contributors. ELX holders can run their own validators or delegate tokens to help secure the network and earn network security rewards. Airdrop recipients will automatically have their tokens delegated to the Elixir Foundation validators - these tokens can be withdrawn at any time. Users who continue to hold the delegated tokens during the initial stabilization phase will receive network stability bonuses over the first three months.
MegaETH: No airdrop rewards for users participating in the testnet
Here is the English translation:MegaETH stated on the X platform that the project will not provide airdrop rewards to 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 let users experience real-time applications for the first time. MegaETH emphasized that although they do not oppose the point-based incentive model, this does not align with the project's philosophy. Previously, it was reported that MegaETH will deploy the testnet on March 6 and start accepting user participation on March 10.
Coinbase is Restarting its Plans to Tokenize its COIN Stock and Other Security Tokens in the US
According to Crypto Briefing, Coinbase is reviving its efforts to tokenize its COIN stock as part of a broader push to bring security tokens into the US market. The company had first attempted this move in 2020 but abandoned it due to regulatory hurdles. With the establishment of the SEC's new Crypto Assets and Cyber Unit, the company sees new opportunities to integrate blockchain-based securities into traditional finance. Coinbase CFO Alesia Haas expressed optimism about regulatory progress at the Morgan Stanley TMT conference. Haas said: "I now believe that our US regulators are seeking product innovation and want to move forward."
Aave Community Votes to Boost Stablecoin GHO, Proposes Yield-Bearing "Savings" Token
According to The Block, the lending protocol Aave is planning to create a savings product called "sGHO" around its native stablecoin GHO and a new "Aave Savings Rate." This initiative is part of the trend of on-chain stablecoins expanding their fiat-pegged token functionality and use cases, while also providing yield for holders. The proposal aims to create a "low-risk savings product" with sGHO serving as a collateral asset to protect the protocol.
Bitwise Files with SEC to Launch Aptos ETF
According to CoinDesk, Bitwise has filed documents to launch an ETF tracking the price of the Aptos network's native token Aptos (APT). The asset management firm previously revealed its plans and filed an application to create a Delaware trust entity for the proposed Aptos ETF.
Canary Capital Files with SEC to Launch ETF Tracking Cross-Chain Protocol Axelar
According to CoinDesk, the digital asset investment firm Canary Capital, founded by former Valkyrie Funds co-founder Steven McClurg, is planning to launch an ETF tracking the price of Axelar (AXL). The company filed an S-1 document with the SEC on Wednesday to initiate the process for launching such a fund.
Coinbase to List Renzo (REZ) Token
Coinbase Assets announced on the X platform that Coinbase will add support for the Renzo (REZ) token on the Ethereum (ERC-20) network. Trading for the REZ-USD pair will commence on or after 01:00 Beijing time on March 7, 2025, subject to liquidity conditions.
Robinhood US Lists Arbitrum (ARB)
According to Robinhood US, Robinhood will list Arbitrum (ARB).
Ethereum Foundation: Sepolia Testnet Pectra Upgrade Encountered Issues, Now Resolved
According to the Ethereum Foundation's official blog, the Pectra network upgrade was deployed on the Sepolia testnet, but due to issues with Sepolia's permissioned deposit contract, some execution layer clients were unable to include transactions in blocks. The team quickly identified the cause and deployed a fix, and the network has resumed normal throughput.
Sources: Jump Resumes US Crypto Business, Accelerates Trading and Hiring
According to CoinDesk, citing sources, the Chicago trading giant Jump is fully resuming its US crypto business, accelerating its trading footprint and expanding hiring after scaling back over the past two years due to regulatory uncertainty.
Ripple Funds $50 Million to Establish NCA to Promote Crypto Education and Adoption
According to The Block, the National Crypto Association (NCA), funded with $50 million from Ripple, has officially launched to help Americans better understand the crypto industry through educational platforms. NCA plans to release a survey report on 10,000 US crypto holders this month, with data showing that 21% of Americans may have used crypto and 76% believe crypto has had a positive impact on their lives.
According to CoinDesk, sources familiar with the matter revealed that the startup DoubleZero Foundation has completed a $28 million funding round at a $400 million valuation, led by Dragonfly and Multicoin Capital. DoubleZero Foundation is currently seeking "strategic partners" and is looking to raise more strategic funding at a $600 million valuation, with the strategic funding round still ongoing. It is reported that DoubleZero is building a "new type of internet" to improve blockchain performance, with the vision of establishing a global private fiber optic network that can enable blockchains to transmit data more efficiently than on the public internet. The project is seen as a key technology for Solana's ambitious plan to process 1 million transactions per second. DoubleZero is opening its permissioned testnet to Solana validators and RPCs, and plans to gradually expand to other chains. Its fiber optic network is connected to dedicated lines operated by Jump Crypto, RockawayX, Distributed Global, Latitude, and Terraswitch, and is accepting more contributors.
Pond.fun Chief Engineer Embezzles Liquidity and Transfers 64.8 ETH
According to the official disclosure of Pond.fun, the Meme Coin Launchpad Pond.fun on Linea was attacked by hackers this morning, with the attacker being the project's Chief Software Engineer Genesis, who has stolen liquidity from the smart contract and sold the tokens, transferring a total of 64.8 ETH to the privacy protocol Railgun. Pond.fun has warned users to avoid interacting with its official website and the efrogs and croak websites to prevent further security risks. Currently, they have contacted Chainalysis and Elliptic to ensure that the hacker cannot pass the Proof of Innocence (POI) review, and are cooperating with the Linea team to investigate the incident.
Celo Mainnet to Upgrade to Ethereum L2 on March 26
According to the official announcement from Celo, Celo will officially activate the Ethereum L2 mainnet on March 26, 2025 at 11:00 (Beijing time), with a hard fork at block height 31057000. After the upgrade, the block time will be shortened from 5 seconds to 1 second, while preserving the full on-chain history to ensure network transparency. In addition, this upgrade reduces 365,000 lines of code, reducing the technical burden, and supports trustless upgrades, making node operations more efficient.
According to CoinDesk, Animoca Brands reported $314 million in full-year 2024 revenue, up 12% year-over-year, with consulting business revenue of $165 million, up 116% year-over-year, surpassing the traditional Web3 business. Web3 business (gaming and NFTs) revenue fell to $110 million, down 40% year-over-year, reflecting the company's shift towards token economics, IPO advisory, and node operation consulting services. In addition, investment gains and management fees contributed $39 million. The latest year-end financial report shows the company has $293 million in cash and stablecoins, $538 million in digital assets, and $2.9 billion in on-chain token reserves. Although the investment portfolio has grown to 540 companies, the private investment size has decreased by 18%, from $690 million to $564 million, mainly due to token unlocks, equity exits, and asset impairments.
U.S. February ADP Employment Rises 77,000, Smallest Increase Since July 2022
U.S. February ADP employment rose 77,000, the smallest increase since July 2022, compared to an expected 140,000 and a prior 183,000.
Ceffu Wallet Deposits Approximately $62 Million in ETH to Binance via Intermediate Address
On-chain data shows that a few minutes ago, 28,000 ETH was transferred from the Ceffu wallet to an unknown wallet. Subsequently, the unknown wallet address transferred 27,978 ETH (approximately $62 million) to the Binance exchange. The unknown wallet address currently holds about 9,273 ETH, while the Ceffu wallet holds about 282,600 ETH (worth about $630 million).
Mt. Gox Transfers 11,833.64 BTC to an Unmarked Wallet
According to OnchainLens monitoring, 21 minutes ago, Mt. Gox has transferred 11,833.64 BTC (worth $1.07 billion) to an unmarked wallet.
Trump Family Crypto Project WLFI Acquires 4,468 ETH, 110.6 WBTC, and 3.42 Million MOVE
According to Spot On Chain monitoring, the Trump family crypto project World Liberty Financial (WLFI) has started purchasing ETH, WBTC and MOVE again. Early this morning, it transferred 25 million USDC to a new multi-signature wallet and purchased: 4,468 ETH (about $10 million, at $2,238 per unit), 110.6 WBTC (about $10 million, at $90,420 per unit), and 3.42 million MOVE (about $1.5 million, at $0.439 per unit). The new wallet still holds 3.5 million USDC.
