● Report: Multiple regulators and central banks have classified Bitcoin as a commodity rather than a security
Investors are turning to Bitcoin from stablecoins and more volatile cryptocurrencies, cryptocurrency service provider Matrixport said in a report on Thursday. Bitcoin benefits from the instability of the financial system, the decline in inflation that makes the Federal Reserve less hawkish, and the excessive regulation that hits stablecoins. The report added that multiple regulators and central banks have classified Bitcoin as a commodity rather than a security. (CoinDesk)
● Bitcoin breaks through 26,500 USDT, reaching a new high since June 2022
According to Binance market data, Bitcoin broke through 26,500 USDT and is currently quoted at 26,702.05 USDT, up 7.32% in 24 hours, reaching a new high since June 12, 2022.
● CZ: Crypto companies are advised to maintain 1:1 reserves, charge transparent fees, and keep their operations simple
Binance founder and CEO Changpeng Zhao (CZ) published his advice to crypto companies on Twitter: "1. Maintain a 1:1 reserve and the problem will go away. 2. Don't lend money to customers to make money, let venture capitalists do it. 3. To generate income, charge transparent fees for your services, such as facilitating transactions. 5. If transaction costs are too high, use blockchain technology to reduce costs." Finally, CZ concluded that the principle of the above advice is to "keep your business simple."
● Binance will support ETH 2.0 staking withdrawals within a week after Ethereum Shapella upgrade
According to the Binance announcement, since the upcoming Shapella upgrade will support ETH 2.0 staking withdrawals, Binance will support ETH withdrawals from the ETH 2.0 staking product page within a week after the launch of this function on the Ethereum network. Users who have participated in ETH 2.0 staking can exchange BETH for ETH at a 1:1 ratio on the ETH 2.0 staking page after the function is launched. In addition, after the Shapella upgrade, users can continue to participate in ETH 2.0 staking and receive BETH rewards at any time.
● OpenAI CEO: AI technology will reshape society, calling on regulators and all sectors to participate in the release and testing of ChatGPT as much as possible
OpenAI CEO Sam Altman said in an interview that artificial intelligence (AI) technology will reshape society. He believes that AI can bring dangers, and stressed that regulators and all sectors of society should participate in the release and testing of ChatGPT as much as possible, because external feedback will help reduce the potential threat posed by the technology to humans. He added that he maintains "regular contact" with government officials. (ABC News)
● DappRadar: NFT trading volume hit by Silicon Valley Bank collapse
According to a March 16 report from data aggregation platform DappRadar, NFT trading volume hovered between $68 million and $74 million before SVB collapsed on March 10, then fell to $36 million on March 12. Between March 9 and March 11, the number of NFT sales per day fell by 27.9%. (Cointelegraph)