失约于夜光

$ADA 韩国监管机构关注日本动向，考虑跟进加密货币ETF审批 韩国媒体《每日京才》报道称，韩国监管机构正在密切关注日本发展，然后才对加密货币现货ETF做出决定， 也就是说，如果日本监管机构批准比特币ETF申请，韩国监管机构也可能效仿日本监管机构。 日本金融服务委员会(FSC)自去年年底以来一直在讨论比特币ETF的批准。然而，该机构一再对加密货币， 尤其是比特币ETF表现出不冷淡的态度。因此，韩国金融当局“也开始做出反应”。据该媒体报道，韩国另一家 顶级监管机构金融监管局已经审查了日本金融服务局(FSA)的加密政策，并“与首尔相关组织分享了其调查结 果”。 《日经新闻》等日本主要媒体报道称，日本金融厅正在考虑将加密货币重新归类为投资工具，且也在“考虑”批 准比特币和山寨币ETF。韩国监管机构认为，日本金融厅对此事的沉默增加了《日经新闻》报道的可信度。
韩国和日本监管机构对加密货币ETF的态度可能会影响市场情绪，若两国批准比特币ETF，将有助于提升BTC的市场信心和价格。

#特朗普国会演讲 韩国监管机构关注日本动向，考虑跟进加密货币ETF审批 韩国媒体《每日京才》报道称，韩国监管机构正在密切关注日本发展，然后才对加密货币现货ETF做出决定， 也就是说，如果日本监管机构批准比特币ETF申请，韩国监管机构也可能效仿日本监管机构。 日本金融服务委员会(FSC)自去年年底以来一直在讨论比特币ETF的批准。然而，该机构一再对加密货币， 尤其是比特币ETF表现出不冷淡的态度。因此，韩国金融当局“也开始做出反应”。据该媒体报道，韩国另一家 顶级监管机构金融监管局已经审查了日本金融服务局(FSA)的加密政策，并“与首尔相关组织分享了其调查结 果”。 《日经新闻》等日本主要媒体报道称，日本金融厅正在考虑将加密货币重新归类为投资工具，且也在“考虑”批 准比特币和山寨币ETF。韩国监管机构认为，日本金融厅对此事的沉默增加了《日经新闻》报道的可信度。
韩国和日本监管机构对加密货币ETF的态度可能会影响市场情绪，若两国批准比特币ETF，将有助于提升BTC的市场信心和价格。

In the world of cryptocurrency, there has never been a shortage of scammers, and today Argentine President Milei taught a lesson to those who fantasize about getting rich overnight.
February 18, 2025
Argentine President Milei defended himself for promoting a cryptocurrency that collapsed in value within hours on the X network, comparing those who invested in the token under his support to gamblers in a casino.
"The fact is, if you go to the casino and lose money, I mean, if you know it has those characteristics, what do you expect?" he said during an interview with TN news channel on Monday night.
Milei stated that he promoted the little-known cryptocurrency $LIBRA because he believed it would promote economic growth by providing funding for small businesses.
"I am spreading the message that this is to fund Argentinians who are working on projects and cannot obtain financing," he told TN.
The price of the $LIBRA token skyrocketed with the president's support and then quickly collapsed, resulting in losses for thousands of investors.

#FTX赔付 In the world of cryptocurrency, there has never been a shortage of scammers, and today Argentine President Milei has given a lesson to those who fantasize about getting rich overnight. February 18, 2025. Argentine President Milei defended himself for promoting a cryptocurrency that collapsed in value within hours on the X network, comparing those who invested in the token under his support to gamblers in a casino. "The fact is, if you go to the casino and lose money, I mean, if you know it has those characteristics, what do you expect?" he said during an interview with the TN news channel on Monday night. Milei stated that he promoted this little-known cryptocurrency $LIBRA because he believes it will stimulate economic growth by providing funding for small businesses. "I am spreading the message that this is to fund Argentinians who are working on projects and cannot obtain financing," he told TN. The price of the $LIBRA token soared with the president's support and then quickly collapsed, resulting in losses for thousands of investors.

Major news in the cryptocurrency world: Tencent, Alibaba, and Xiaomi form a consortium
The Hong Kong licensed cryptocurrency exchange HashKey has secured a $30 million investment from Chinese venture capital firm Gaorong Ventures at a valuation of $1.5 billion.
According to reports, Gaorong Ventures, headquartered in China, has invested $30 million in the Hong Kong-registered HashKey cryptocurrency exchange. Bloomberg reported on February 14 that HashKey received a $30 million investment from the Chinese venture capital firm Gaorong at a pre-investment valuation of nearly $1.5 billion. However, the report cited unnamed sources that could not be independently verified. Gaorong is a private venture capital firm backed by investors including Chinese tech giants Tencent, Alibaba, and Xiaomi. HashKey raised nearly $100 million in Series A funding, achieving a pre-investment valuation of over $1.2 billion, and became a unicorn on January 16.
HashKey's regulated operations in Hong Kong Hashkey has been licensed to trade securities and provide automated trading services in Hong Kong since November 9, 2022. According to the public register maintained by the Hong Kong Securities and Futures Commission (SFC), HashKey is licensed under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The exchange received its license to operate a virtual asset trading platform on May 30, 2024. According to PitchBook data, venture capital in the fourth quarter of 2024 slightly increased compared to the previous quarter. However, despite being in a bull market, the $10 billion raised in the last quarter of 2024 was $300 million lower than the previous year. Cryptocurrency licensing activities in Hong Kong On January 27, Hong Kong issued the latest cryptocurrency licenses to two local exchanges, PantherTrade and YAX. Since 2020, a total of 10 cryptocurrency exchanges have officially registered in Hong Kong under AMLO and have been permitted to operate virtual asset trading platforms. The Hong Kong Securities and Futures Commission completed the first round of “on-site” inspections of cryptocurrency license applicants. The focus of the inspections was on protecting client assets, Know Your Customer (KYC) processes, and cybersecurity.

$SOL Cryptocurrency Major News: Tencent, Alibaba, and Xiaomi Form
Hong Kong licensed cryptocurrency exchange HashKey has secured a $30 million investment from Chinese venture capital firm Gaorong Ventures at a valuation of $1.5 billion.
According to reports, China-based Gaorong Ventures has invested $30 million in the Hong Kong-registered HashKey cryptocurrency exchange. Bloomberg reported on February 14 that HashKey secured a $30 million investment from the Chinese venture capital firm Gaorong at a pre-money valuation of nearly $1.5 billion. However, the report cited unnamed sources that could not be independently verified. Gaorong is a private venture capital firm composed of investors including Chinese tech giants Tencent, Alibaba, and Xiaomi. HashKey raised nearly $100 million in Series A funding, achieving a pre-money valuation of over $1.2 billion, and became a unicorn on January 16.
HashKey's Regulated Business in Hong Kong HashKey has obtained licenses for securities trading and automated trading services in Hong Kong since November 9, 2022. According to the public register maintained by the Hong Kong Securities and Futures Commission (SFC), HashKey is licensed under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The exchange received a license to operate a virtual asset trading platform on May 30, 2024. According to PitchBook data, venture capital in the fourth quarter of 2024 slightly increased compared to the previous quarter. However, despite being in a bull market, the $10 billion raised in the last quarter of 2024 was $300 million lower than the previous year. Cryptocurrency Licensing Activities in Hong Kong On January 27, Hong Kong issued the latest cryptocurrency licenses to two cryptocurrency exchanges based in Hong Kong, PantherTrade and YAX. Since 2020, a total of 10 cryptocurrency exchanges have officially registered in Hong Kong under AMLO and have been allowed to operate virtual asset trading platforms. The Hong Kong Securities and Futures Commission has completed the first round of 'on-site' audits of cryptocurrency license applicants. The focus of the inspections is on protecting customer assets, Know Your Customer (KYC) processes, and cybersecurity.

#阿根廷总统MEME币争议 Cryptocurrency Major News: Tencent, Alibaba, and Xiaomi Form a Wind
Hong Kong licensed cryptocurrency exchange HashKey received a $30 million investment from Chinese venture capital firm Gaorong Ventures at a valuation of $1.5 billion.
According to reports, China-based Gaorong Ventures has invested $30 million in the Hong Kong-registered HashKey cryptocurrency exchange. Bloomberg reported on February 14 that HashKey received a $30 million investment from Chinese venture capital firm Gaorong at a pre-money valuation of nearly $1.5 billion. However, the report cited unnamed sources that could not be independently verified. Gaorong is a private venture capital firm composed of investors including Chinese tech giants Tencent, Alibaba, and Xiaomi. HashKey raised nearly $100 million in Series A funding, achieving a pre-money valuation of over $1.2 billion, and became a unicorn on January 16.
HashKey's Regulated Operations in Hong Kong Hashkey has been licensed in Hong Kong to conduct securities trading and provide automated trading services since November 9, 2022. According to the public register maintained by the Hong Kong Securities and Futures Commission (SFC), HashKey obtained its license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The exchange received a license to operate a virtual asset trading platform on May 30, 2024. According to PitchBook data, venture capital in the fourth quarter of 2024 saw a slight increase from the previous quarter. However, despite being in a bull market, the $10 billion raised in the last quarter of 2024 was $300 million lower than the previous year. Cryptocurrency Licensing Activities in Hong Kong Hong Kong issued the latest cryptocurrency licenses to two Hong Kong-based cryptocurrency exchanges, PantherTrade and YAX, on January 27. Since 2020, a total of 10 cryptocurrency exchanges have officially registered in Hong Kong under AMLO and have been permitted to operate virtual asset trading platforms. The Hong Kong Securities and Futures Commission has completed the first round of 'on-site' inspections of cryptocurrency license applicants. The focus of the inspections was on protecting client assets, Know Your Customer (KYC) processes, and cybersecurity.

The cryptocurrency market has recently shown the following new trends:
Prices and Market Capitalization
• Overall Uptrend: The total market capitalization of the cryptocurrency market has surpassed $3.32 trillion, increasing by $87.119 billion within 24 hours, a rise of 2.69%. Bitcoin prices continue to rise, with a daily increase of 2.53%, reaching $99,000 per coin.
• Altcoins Awaiting Growth: Bitcoin is oscillating at high levels, and the market generally anticipates that sector rotation will begin, providing opportunities for altcoins to perform, although the overall situation remains relatively flat at the moment.
Market Applications
• Stablecoin Growth: As of December 1, 2024, the market capitalization of stablecoins has increased by 48%, reaching a historic high of $193 billion. So far this year, stablecoin trading volume has exceeded $27 trillion, a year-on-year increase of approximately three times.
• RWA Tokenization Accelerating: According to data from rwa.xyz, as of December 1, 2024, tokenized RWAs have grown over 60%, reaching $13.5 billion. Companies are attempting to use tokenized assets as collateral for financial transactions, with applications expanding from U.S. Treasury bonds and money market funds to private credit and commodities.
Investment and Institutional Participation
• ETF Continuous Expansion: The Nasdaq Stock Exchange has submitted trading applications for CoinShares Litecoin and Ripple ETFs, while the Arca platform under the New York Stock Exchange has submitted an application for a Cardano trust fund on behalf of Grayscale Investments. North Carolina legislators have proposed a bill to allow public funds to allocate up to 10% to Bitcoin ETF products.
• Increased Holdings by Traditional Enterprises: MicroStrategy has increased its holdings by 7,633 BTC at an average price of $97,255, with a current total holding of 478,740 BTC. The Japanese listed company Metaplanet has announced the issuance of 4 billion yen in ordinary bonds for Bitcoin accumulation.

The cryptocurrency market has recently shown the following new trends:
Price and Market Value
• Overall Rise: The total market capitalization of the cryptocurrency market has exceeded $3.32 trillion, with an increase of $87.119 billion within 24 hours, a growth rate of 2.69%. Bitcoin's price continues to rise, with an intraday increase of 2.53%, reaching $99,000 per coin.
• Altcoins Awaiting Growth: Bitcoin is fluctuating at high levels, and the market generally expects a rotation among sectors to start, presenting opportunities for altcoins, although the overall situation is currently relatively flat.
Market Applications
• Stablecoin Growth: As of December 1, 2024, the market value of stablecoins has increased by 48%, reaching a historical high of $193 billion. So far this year, the trading volume of stablecoins has exceeded $27 trillion, a year-on-year increase of approximately three times.
• RWA Tokenization Acceleration: According to data from rwa.xyz, as of December 1, 2024, tokenized RWAs have grown by over 60%, reaching $13.5 billion. Companies are attempting to use tokenized assets as collateral for financial transactions, with applications expanding from U.S. Treasury bonds and money market funds to private credit and commodities sectors.
Investment and Institutional Participation
• ETF Continuous Expansion: The Nasdaq exchange has submitted applications for CoinShares Litecoin and Ripple ETF trading, while the Arca platform under the New York Stock Exchange has submitted an application for a Cardano trust fund on behalf of Grayscale Investments. North Carolina legislators have proposed a bill to allow public funds to allocate up to 10% to Bitcoin ETF products.
• Traditional Enterprises Increasing Holdings: MicroStrategy has increased its holdings by acquiring 7,633 BTC at an average price of $97,255, bringing its total holdings to 478,740 coins. Japanese listed company Metaplanet has announced the issuance of 4 billion yen in ordinary bonds to increase its Bitcoin holdings.

$XRP Binance allegedly significantly reduced its BTC and ETH holdings last month, shifting towards USDC, with a lower reduction rate for BNB.
According to crypto KOL AB Kuai.Dong's statistics, Binance significantly reduced its own BTC and ETH holdings in January and converted most of its assets into the stablecoin USDC.
Among them,
BTC holdings decreased from 46,896 to 2,747 (a reduction of 94.1%),
ETH holdings decreased from 216,313 to 175 (a reduction of 99.9%),
SOL holdings decreased by 99%,
USDT holdings were nearly zeroed out (a reduction of 99.9%).
In contrast, the reduction rate for BNB was relatively low, at only 16.6%, decreasing from 5.839 million to 4.869 million, with a change in value of approximately $615 million.

At the same time, Binance's USDC holdings increased by 57.5%, from 805 million to 1.268 billion, with an appreciation of $463 million.

#你看好哪一个山寨币ETF将通过 Binance suspected a significant reduction in BTC and ETH holdings last month, shifting to USDC, with a low reduction rate in BNB.
According to crypto KOL AB Kuai.Dong's statistics, Binance significantly reduced its own BTC and ETH holdings in January and converted most of its assets into the stablecoin USDC.
Among them,
BTC holdings decreased from 46,896 to 2,747 (a reduction of 94.1%),
ETH holdings decreased from 216,313 to 175 (a reduction of 99.9%),
SOL holdings decreased by 99%,
USDT holdings were almost zeroed out (a reduction of 99.9%).
In contrast, the reduction rate of BNB was relatively low, only 16.6%, decreasing from 5.839 million to 4.869 million, with a change in value of approximately $615 million.

At the same time, Binance's USDC holdings increased by 57.5%, from 805 million to 1.268 billion, appreciating by $463 million.

$BNB Today, the cryptocurrency world has exploded again! 💥 On February 9, 2025, the first day of the Lunar New Year of the Snake, Bitcoin (BTC) surprisingly broke the $100,000 mark! 📈 This operation is simply jaw-dropping, and the old players in the crypto world are all shouting: "The Year of the Snake is indeed prosperous!" 🐍💰
However, today’s funniest story is not about Bitcoin, but a newly emerged "Snake Coin"! 🐍 This cryptocurrency became wildly popular due to its name coinciding with the Lunar New Year of the Snake, skyrocketing over 300% within 24 hours! 😂 Everyone is talking about whether this "Zodiac Coin" craze will ignite the entire crypto world for the year! 🔥
There’s even more outrageous news! Elon Musk tweeted today: "The Year of the Snake brings good fortune, Dogecoin is going to soar too!" 🐕🌕 As a result, Dogecoin (DOGE) surged by 50%, with its market cap returning to the top five! 📊 I have to say, Musk is truly the "strongest atmosphere group" in the crypto world; just one sentence can make the market shake! 💬
By the way, the NFT market is also super lively today! 🐉 Many celebrities and artists released "Snake Year themed" NFT works, which were instantly sold out! 🎨

#BNBChainMeme热潮 Today the cryptocurrency world has exploded again! 💥 On February 9, 2025, the first day of the lunar year of the snake, Bitcoin (BTC) surprisingly broke through the $100,000 mark! 📈 This operation left everyone dumbfounded, and veteran players in the crypto world are all shouting: "The year of the snake is indeed prosperous for wealth!" 🐍💰
However, the funniest thing today is not Bitcoin, but a new currency that has emerged called "Snake Coin" (蛇币)! 🐍 This currency has been hyped up due to its name coinciding with the lunar year of the snake, and within 24 hours it surged over 300%! 😂 Everyone is saying, is this wave of "Zodiac Coins" going to ignite the entire cryptocurrency market for the year? 🔥
And there's more ridiculous news! Musk tweeted today: "In the year of the snake, good fortune is coming, and Dogecoin is going to soar!" 🐕🌕 As a result, Dogecoin (DOGE) directly surged by 50%, and its market value returned to the top five! 📊 I have to say, Musk is truly the "strongest atmosphere group" in the crypto world, and a single sentence can shake the market! 💬
By the way, the NFT market is also super lively today! 🐉 Many celebrities and artists have released "snake year themed" NFT works, which were instantly sold out! 🎨

#以太坊现货ETF连续净流入 📢 Breaking News! On February 7, 2025, a big brother used 30 million Hong Kong dollars worth of Ethereum as proof of assets and successfully passed the approval for Hong Kong investment immigration! 🎉 Who would have thought that cryptocurrency could also serve as proof of assets for Hong Kong investment immigration!

Moreover, as early as October 2024, Hong Kong welcomed its first client who used Bitcoin as proof of assets and successfully passed the investment immigration application! This also means that more and more people are using cryptocurrency to embark on the immigration journey to Hong Kong! 🌟 Most of these clients are from mainland China, which clearly shows that Hong Kong's acceptance of crypto assets is getting higher! [sneaky smile R]

#美国加征关税 2023-2024 Cryptocurrency Market Changes
Hello everyone, I am your cryptocurrency observer. Today, I want to share with you some significant changes in the cryptocurrency market over the past two years and what these changes mean for us investors.

2023: The Start of the Bull Market
• January: The BTC bull market quietly begins, many have not yet noticed.
• March: The Ordinals narrative appears on Bitcoin, many think it is just a colored coin of the Renaissance with no significance.
• April: The PEPE meme appears on ETH, the attempt to represent culture and cult with tokens is novel, now you call it classic.
• June: ETHS and ETHI lead Ethereum inscriptions, many believe this is a regressive act in history and is a scam.
• September: A new Bitcoin inscription protocol, Atomicals, emerges, which is more advanced, but many believe inscriptions have long died, and the new protocol is useless.
• November: The Solana meme bull market begins, and POPCAT is born. Many are still playing with inscriptions, fantasizing that we are just at the crossroads of bear and bull, and that Bitcoin ecosystem assets can span the entire cycle.

2024: New Trends in the Market
• January: Under the expectation of the Bitcoin ETF approval, BTC surges rapidly, with memes performing the best among altcoins, establishing the main theme for 2024. The operation of the Solana Foundation and the birth of pump.fun created many wealth myths.
• March: Hyperliquid can open contracts to earn points, while many are still losing money trading contracts on CEX.
• April-October: The Solana meme showcases an exciting cycle, with cult memes showing great increases in May and July. In September, Murad's proposed list leads to a 10x surge in November, and everyone thinks the cult cycle is about to unfold, but unexpectedly, it turns out to be the peak of the cult meme, and the AI cycle is born at this time.

#币安上线BERA Bitcoin payment goes mainstream: Australian luxury apartment accepts cryptocurrency transactions
In recent years, the status of Bitcoin has been continuously improved, gradually evolving from the initial "Internet experiment" to a mainstream asset, and now even becoming part of high-end real estate transactions. Recently, a luxury beachfront apartment on the Gold Coast of Australia was listed for sale and accepted Bitcoin payments, marking the further expansion of the application of cryptocurrency in the real world.
The owner of this apartment, Adam Hudson, is a successful Internet industry expert and investor. He revealed that he started investing in Bitcoin as early as 7 years ago and witnessed its amazing growth during this period. He said: "Bitcoin is no longer "criminal's black money" or "mysterious Internet currency". It has become a legal, mainstream asset and outperforms all other investments almost every year." As a staunch supporter of Bitcoin, he decided to accept this digital currency as a payment method to further promote its application in real estate transactions.
The apartment is located in the M3565 luxury seaside residential project on the Gold Coast, built by well-known Australian entrepreneurs Gerry Harvey and Katie Page, and designed by famous Sydney architect Virginia Kerridge. There are only 7 full-floor apartments in the entire building, each with extremely high privacy and top luxury configuration. Hudson's apartment has 4 bedrooms, 4 bathrooms and 2 parking spaces, equipped with high-end Poliform cabinets, American oak floors, top appliances and elevators with direct access to the apartment. The exterior of the apartment is made of Australian recycled hardwood, which is very different from other architectural styles on the Gold Coast.
The property is scheduled to be auctioned on February 27, 2025, and will be handled by Robbie Graham of Ray White Prestige Gold Coast. This is not only a luxury home transaction, but also a manifestation of financial innovation. The use of Bitcoin as a means of payment means that more and more high-end markets are beginning to accept cryptocurrencies, promoting their further integration into the mainstream economy.

$BTC family members, recently there has been big news in the finance circle, Standard Chartered Bank made an extremely bold prediction about Bitcoin prices. They said that before Donald Trump leaves office as President of the United States, the price of Bitcoin could rise all the way to $500,000. The specific plan is to reach $200,000 by 2025, and then increase by $100,000 each year, reaching $500,000 by 2028.
As soon as this news came out, the crypto world exploded. Experienced players rubbed their hands together, thinking about seizing this wave of wealth; newcomers also started to feel tempted, pondering whether to enter the market and share in the spoils. My first reaction upon hearing this news was both surprise and joy; who wouldn't want to make a profit in investments? But then I started to have doubts, after all, investing is not a joke. Is it really that easy to make big money?
[Smile R] On what basis are they saying this? #BitcoinEthereum
Standard Chartered Bank is not just talking nonsense; they provided two reasons. First, the Bitcoin spot ETF that will be launched in the United States in January 2024 is crucial. Previously, investing in Bitcoin involved various cumbersome procedures, and there were concerns about legitimacy. Now with the ETF, it’s like opening a green channel for everyone, making investment convenient and safe, and a large amount of capital will flood into the Bitcoin market, how can the price not rise?
Another reason is the national digital asset reserves. Standard Chartered Bank believes that if a country takes the lead in treating Bitcoin as a reserve asset, other countries are likely to follow suit. At that time, the demand for Bitcoin will increase significantly, and price fluctuations will decrease, making traditional investors who were originally hesitant also feel tempted. It's like a niche product suddenly becoming a coveted treasure that everyone is fighting over, naturally, the price will rise.

#微策略募资支持比特币战略 Family, there is a big news in the financial circle recently. Standard Chartered Bank made a very bold prediction on the price of Bitcoin. It said that before Donald Trump leaves office as US President, the price of Bitcoin can rise all the way to $500,000. The specific plan is to reach $200,000 in 2025, and then increase by 100,000 every year, and reach $500,000 in 2028.
As soon as this news came out, the currency circle exploded. Old players are ready to grab this wave of wealth codes; newcomers are also beginning to be tempted, thinking about whether to enter the market to share a piece of the pie. When I heard the news, my first reaction was also surprise and joy. Who doesn't want to make a fortune in investment? But then I started to murmur. After all, investment is not a joke. Is it really so easy to make a lot of money?
[Smile R] Why do they say that? #BitcoinEthereum
Standard Chartered Bank is not talking nonsense. It gave two reasons. Let's first talk about the Bitcoin spot ETF launched by the United States in January 2024. This is too critical. In the past, investing in Bitcoin was not only troublesome, but also worried about irregularities. Now with ETFs, it's like opening a green channel for everyone, making investment convenient and safe. A large amount of funds have poured into the Bitcoin market. How can the price not rise?
Another reason is the national digital asset reserve. Standard Chartered Bank believes that if a country takes the lead in treating Bitcoin as a reserve asset, other countries are likely to follow suit. At that time, the demand for Bitcoin will increase greatly, price fluctuations will become smaller, and those traditional investors who were afraid to enter the market will also be tempted. It's like an originally niche commodity that suddenly becomes a treasure that everyone is vying for, and the price will naturally rise.

$BTC Trump appointed cryptocurrency commissioner David Sacks to lead the development of digital assets, blockchain technology, and related technologies in the economic sector for the U.S. government. He announced on Tuesday the establishment of a digital asset working group to launch cryptocurrency legislation within the next six months.

At the first official press conference on digital assets hosted by the U.S. government, Sacks emphasized that his goal is to fulfill President Trump's directive in the executive order to develop the digital economy, which is to propose a federal regulatory framework to manage the issuance and operation of digital assets in the U.S.

It is reported that the U.S. Congress has also joined the legislative joint working group, and the U.S. Securities and Exchange Commission (SEC) launched a special working group website for cryptocurrencies on Tuesday. The agency's chair, Hester Peirce, will lead the SEC's efforts in formulating cryptocurrency regulatory provisions and evaluate the U.S. cryptocurrency reserve program.

Earlier on Tuesday, U.S. Senator Bill Hagerty proposed a new bill to regulate stablecoins. The bill suggests establishing a licensing system for stablecoin issuance and allowing state regulators to oversee stablecoins with a market capitalization of less than $10 billion, which includes all stablecoins except for Tether's USDT and Circle's USDC tokens.

Many Republican lawmakers have expressed their support, raising concerns among Democrats who worry that unilateral decisions by Republicans could lead to negative consequences. However, Sacks pointed out that in his past conversations with industry people, it is clear that what they need most is regulatory clarity from the government. Only by knowing what the rules are can the cryptocurrency industry comply with them. He also criticized the past four years of Democratic governance as being filled with arbitrary lawsuits and persecution of cryptocurrency companies.

Although the specific framework is still unclear, from the statements made, it is expected that the U.S. Congress will take the lead in advancing stablecoin legislation. Over the past weekend, the U.S. announced the imposition of tariffs of up to 25% on Mexico and Canada, causing significant turmoil in the markets, with the cryptocurrency sector being one of the severely affected markets.

Bitcoin has fallen more than 4% this month, with its price once dropping to $92,000, currently recovering to $98,000, while Bitcoin is considered the most 'stable' one in the cryptocurrency market. Ethereum has already dropped more than 16% this month, XRP has fallen over 16%, Cardano has dropped over 20%... triggering countless liquidations.

#比特币国家战略储备 Trump appointed crypto commissioner David Sacks to lead the development of digital assets, blockchain technology, and related technologies in the economic sector for the U.S. government. He announced on Tuesday that a digital asset task force has been established to propose cryptocurrency legislation within the next six months.

At the first official press conference on digital assets hosted by the U.S. government, Sacks emphasized that the goal is to fulfill President Trump's directive in the executive order to develop the digital economy, namely to propose a federal regulatory framework to manage the issuance and operation of digital assets in the U.S.

It is reported that the U.S. Congress has also joined the legislative joint task force, and the U.S. Securities and Exchange Commission (SEC) launched a special cryptocurrency task force website on Tuesday, with Chair Hester Peirce leading the SEC's work on cryptocurrency regulation and evaluating the U.S. cryptocurrency reserve program.

Earlier on Tuesday, U.S. Senator Bill Hagerty introduced a new bill regulating stablecoins. The bill proposes to establish a licensing system for stablecoin issuance and allows state regulators to oversee stablecoins with a market capitalization of less than $10 billion, which includes all stablecoins except for Tether's USDT and Circle's USDC tokens.

Many Republican lawmakers have expressed their support, raising concerns among Democrats who believe that unilateral decisions by Republicans could lead to negative repercussions. However, Sacks pointed out that through past conversations with industry professionals, it is clear that what people need most is regulatory clarity from the government. Only by knowing what the rules are can the crypto industry comply with them. He also criticized the past four years of Democratic governance as being filled with arbitrary lawsuits and persecution against crypto companies.

Although the specific framework is still unclear, remarks suggest that the U.S. Congress is expected to take the lead in advancing stablecoin legislation. Last weekend, the U.S. announced the imposition of tariffs of up to 25% on Mexico and Canada, causing significant market upheaval, with the cryptocurrency industry being one of the severely affected markets.

Bitcoin has dropped over 4% this month, with prices once falling to $92,000 and currently recovering to $98,000, while Bitcoin remains one of the most 'stable' in the crypto circle. Ethereum has fallen over 16% this month, XRP has dropped over 16%, and Cardano has decreased by over 20%... leading to numerous liquidations.