Community News:
1. Lookonchain: The rise of Bitcoin and Ethereum may be related to the investment of $1.6 billion by institutions/funds
On-chain analyst @Lookonchain posted on social media that Bitcoin and Ethereum have risen. On-chain data shows that several funds/institutions have invested nearly $1.6 billion in the crypto market since February 10. The analysis believes that institutional investors have not stopped injecting funds into the crypto market due to the previous decline in Bitcoin and Ethereum. (Planet Daily)
2. OpenAI purchased the domain name AI.com, which is worth at least $11 million
Domain name brokerage giant Saw.com announced its participation in the sale of the top-level domain name AI.com. OpenAi is the buyer of the domain name. The current selling price of the domain name has not been disclosed, but according to the listing price when it was sold in 2021, it is worth at least US$11 million. (Planet Daily)
Industry News:
1. Web3 communication project Sending Labs completes $12.5 million seed round financing, led by Insignia Venture Partners and others
Web3 communication project Sending Labs announced the completion of a $12.5 million seed round of financing. The new funds will be used to accelerate its integration with other Layer 1 and Layer 2, with plans to add Avalanche and Arbitrum as well as non-EVM chains such as Solana and Sui. In addition, additional funds will also be used to develop industry-specific SDKs and launch community ambassador programs. (The Block)
Policies and Regulations:
1. The Financial Stability Board will work with international standard setters to determine DeFi regulatory policies
The Financial Stability Board (FSB) said in a report released Thursday that it will work with other international standard setters to determine how DeFi activities should be regulated in different jurisdictions. (CoinDesk)
2. Taiwan intends to include virtual currency in the scope of property that should be reported under the Public Officials Property Reporting Act
The Taiwan Ministry of Justice's Independent Commission Against Corruption issued a press release stating that, given that virtual currencies also have considerable property value, they have recently been actively considering including virtual currencies in the scope of property that should be reported under the Public Officials Property Reporting Act. (United Daily News)
3. The Bank of Japan will launch a central bank digital currency pilot project in April
The Bank of Japan will release a central bank digital currency pilot project in April. Uchida, a senior official of the Bank of Japan, said that a CBDC forum will be established, private enterprises will be invited to participate, and the central bank digital currency (CBDC) pilot will be gradually expanded. The purpose of the pilot project is to test the feasibility of technology while absorbing the skills and insights of private enterprises. (Jinshi)
4. Fed's Bullard: Does not rule out the possibility of supporting a 50 basis point rate hike in March
Fed's Bullard said he was inclined to raise the Fed's interest rate to a peak of 5.375%, hoping to reach it as quickly as possible; he had suggested at the February meeting that the FOMC raise interest rates by 50 basis points, and did not rule out the possibility of supporting a 50 basis point rate hike in March. (Jinshi)
