Headlines
▌U.S. stocks opened, blockchain sector rose sharply
At the opening of the U.S. stock market, the three major stock indexes opened higher collectively, with the Dow Jones Industrial Average up 0.26%, the Nasdaq up 0.81%, and the S&P 500 up 0.47%. The blockchain sector rose sharply, with Canaan Technology up nearly 14% and Coinbase up more than 7%. Semiconductor stocks rose, with Nvidia up 1.5%, ARM up more than 11%, and AMD up more than 4%.
▌US SEC Chairman: The decision to approve a Bitcoin spot ETF does not indicate how to treat Ethereum
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said that the regulator's decision to approve a Bitcoin spot ETF does not necessarily indicate how it might deal with Ethereum in the future. We approved about 11 spot Bitcoin ETFs at one time. This is not the first way you can buy Bitcoin. But as we said, we are value-neutral.
Quotes
As of press time, according to coinmarketcap data:
BTC’s latest transaction price is $52,399, with a daily change of +5.80%;
The latest transaction price of ETH is $2819.36, with a daily increase of +7.14%;
BNB's latest transaction price is $337.50, with a daily change of +4.08%;
ORDI’s most recent trading price is $71.23, with a daily change of +4.50%;
DOGE’s latest trading price is $0.08673, with a daily change of +7.35%;
SOL's latest trading price is $118.23, with a daily change of +6.23%;
ALT’s most recent trading price is $0.1645, with a daily change of -5.78%.
policy
▌Senior European officials to hold talks in April on the future direction of cryptocurrency regulation
Golden Finance reported that a document showed that senior European officials are preparing for talks in April, and industry insiders said the talks could lead the future direction of cryptocurrency regulation. The "non-paper" is an informal, unsigned document shared by EU institutions in closed-door negotiations, which points out what will be discussed at the upcoming April meeting of the Financial Services Committee (FSC), which is composed of high-level representatives from the 27 EU countries and its executive body, the European Commission. The document said that the Financial Services Committee aims to promote policy coordination among EU countries. The committee is seeking feedback from its members on the priorities and challenges of digital finance, sustainable finance, competitiveness of the EU financial industry and economic security in the next five years. Digital finance, including crypto assets and service providers, has topped the list of topics that need to be discussed thanks to the soundness of the new law.
Blockchain Applications
▌OpenAI: Disrupted use of five state-linked malicious cyber actors
OpenAI, an artificial intelligence startup, said in a statement that it had disrupted the use of its platform by five state-linked malicious cyber actors. The work was done in collaboration with the Microsoft Threat Intelligence Center.
Swiss FINMA-regulated banks can now provide ETH liquidity pledge through Taurus and Lido
Swiss cryptocurrency custodian Taurus has partnered with Lido to enable banks to allow their clients to earn income by holding and staking ETH. Currently, Lido's liquidity investment products are only available to banks headquartered in Switzerland, regulated by Swiss regulator FINMA and working with Taurus. It is reported that Taurus is working with Deutsche Bank and Santander. According to Taurus, Lido's liquidity pledge tokens are very consistent with FINMA's recent guidelines on Ethereum staking. Vassili Lavrov, product director of Taurus, said that FINMA issued guidance on cryptocurrency investments last year and it is expected that European jurisdictions will follow suit when it comes to exotic financial products such as liquidity pledges in a broad sense.
Cryptocurrency
▌US Congressman: Cryptocurrency is not even a popular tool for Hamas terrorists
U.S. Congressman Tom Emmer wrote, "Today, I asked FinCEN and the Secretary of the Treasury of OFAC about the Wall Street Journal's reporting on Hamas' digital asset fundraising activities. Deputy Secretary Nelson publicly confirmed that the Wall Street Journal's data is inaccurate and that cryptocurrency is not even a popular tool for Hamas terrorists."
SEC Chairman: Many crypto platforms fail to comply with regulations
U.S. Securities and Exchange Commission (SEC) Chairman Gensler: Many crypto platforms fail to comply with regulations.
BITB's asset management scale exceeds US$1 billion
Bitwise posted on social media that BITB's asset management scale has exceeded US$1 billion.
1,000 BTC transferred from Coinbase Institutional to an unknown new wallet
According to Whale Alert monitoring, around 2:08 Beijing time, 1,000 BTC (US$51,645,110) was transferred from Coinbase Institutional to an unknown new wallet.
Important economic developments
▌Former Federal Reserve economist: Now is not the time for the central bank to delay rate cuts. It is time for the Federal Reserve to give way.
Sahm, a former Fed economist, published an article saying that the US CPI rose more than expected in January, mainly due to rising housing costs, and the road back to low inflation is still bumpy. However, bringing greater shocks to other economic sectors and financial markets will be a mistake that the Fed must avoid this year. Currently, the Fed is considering cutting interest rates against the backdrop of a strong economy. Some people believe that this strong growth means that the Fed should not cut interest rates. But the risks are real, and the rise in the federal funds rate has put pressure on the real estate market, as well as credit markets and banks. Several officials said that the "worst possible outcome" is that the Fed starts to cut interest rates and then has to raise interest rates when inflation picks up. Sahm believes that this is a strange concern, and from the beginning, this cycle has little to do with the Fed. He said that now is not the time for the central bank to delay cutting interest rates, and it is time for the Fed to give way.
▌Federal Reserve Goolsbee: I do not support waiting for inflation to reach 2% before cutting interest rates
Fed's Goolsbee said that the inflation rate may be a little higher, but it is still possible to reach 2%; he does not support waiting for the inflation rate to reach 2% before lowering interest rates; the Fed's inflation target is based on PCE, not CPI.
Golden Encyclopedia
What is a miner?
In the cryptocurrency world, miners are analogous to real-world gold diggers. They sift through vast expanses of land in search of extremely rare, valuable nuggets of gold—similarly, miners gain the right to add new blocks to the blockchain through proof of work, while also receiving a sizable reward. Miners play a key role in blockchain networks, as they are responsible for validating new transactions and recording them on a global distributed ledger, the blockchain. It is important to emphasize that miners are a type of full node, which means that they verify all of the rules of the blockchain and only accept blocks that comply with those rules.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
