Blockchain sector surges on decision to approve Bitcoin spot ETF

Headlines

▌U.S. stocks opened, and the blockchain sector rose sharply

U.S. stocks opened, and the three major stock indexes collectively rose At the opening, the Dow rose 0.26%, the Nasdaq rose 0.81%, and the S&P 500 rose 0.47%. The blockchain sector rose sharply, with Canaan Technology rising nearly 14% and Coinbase rising more than 7%. Semiconductor stocks rose, with Nvidia rising by 1.5%, ARM rising by more than 11%, and Advanced Micro Computer rising by more than 4%.

▌U.S. SEC Chairman: The decision to approve a Bitcoin spot ETF does not predict how to treat Ethereum

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said that the regulator’s decision to approve a Bitcoin spot ETF does not necessarily indicate how it may respond to Ethereum in the future. We approved about 11 at one time Spot Bitcoin ETF. This isn’t the first way you can buy Bitcoin. But like we said, we're value-neutral.

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Quotes

As of press time, according to coinmarketcap The data shows:

BTC's recent transaction price was US$52,399, with intraday increases and decreases< strong>+5.80%;

ETH’s recent transaction price was $2819.36, with intraday fluctuations Frame+7.14%;

BNB’s recent transaction price was US$337.50, with an intraday increase or decrease+4.08% ;

ORDI’s recent transaction price was US$71.23, with intraday gains and losses+4.50%;

DOGE’s latest transaction price was $0.08673 , intraday increase or decrease+7.35%;

< p style="text-align: left;">SOL's recent transaction price was US$118.23, with an intraday increase or decrease+6.23%;

ALT’s recent transaction price was US$0.1645, with intraday gains and losses-5.78%.

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Policy

▌Europe Senior officials will hold talks in April involving the future direction of cryptocurrency regulation

Golden Finance reports that a document shows that senior European officials are Talks are being prepared for April, which industry insiders say could guide the future direction of cryptocurrency regulation. The "non-paper", an informal, unsigned document shared by EU institutions in closed-door negotiations, outlines what will be discussed at the upcoming April meeting of the Financial Services Committee (FSC), which It is composed of high-level representatives from the 27 countries of the European Union and its executive agency, the European Commission. The document states that the Financial Services Commission aims to promote policy coordination among EU countries. The Commission is soliciting its members on priorities and challenges in the next five years in digital finance, sustainable finance, EU financial industry competitiveness and economic security. Feedback. Digital finance, including crypto assets and service providers, ranks high on the list of topics that need to be discussed, thanks to the soundness of the new law.

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Blockchain Application

▌OpenAI: Interrupted the use of five country-related malicious cyber actors

Artificial intelligence startup OpenAI issued a statement stating that we have interrupted Use of our platform by five nation-linked malicious cyber actors. Work done in partnership with the Microsoft Threat Intelligence Center.

▌Swiss FINMA regulated banks can now provide ETH liquidity staking through Taurus and Lido

Swiss cryptocurrency custodian Taurus has partnered with Lido to enable the bank to allow its clients to earn income by holding and staking ETH. Currently, Lido’s liquid investment products are only available to banks headquartered in Switzerland, regulated by Swiss regulator FINMA and partnered with Taurus. It is reported that Taurus is working with Deutsche Bank and Santander, and according to Taurus, Lido’s liquid staking tokens are very consistent with FINMA’s recent guidelines for Ethereum staking. Vassili Lavrov, head of product at Taurus, said FINMA issued guidance on cryptocurrency investments last year, and broadly speaking, European jurisdictions are expected to follow suit when it comes to exotic financial products such as liquidity staking.

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Cryptocurrency

< p style="text-align: left;">U.S. Representative: Cryptocurrency is not even a popular tool for Hamas terrorists

U.S. Rep. Tom Emmer wrote, "Today, I asked FinCEN and the Secretary of the Treasury of OFAC about the Wall Street Journal's reporting on Hamas's digital asset fundraising activities." Deputy Secretary Nelson publicly confirmed that the Wall Street Journal’s data was inaccurate and that cryptocurrencies were not even a popular tool among Hamas terrorists.

▌SEC Chairman: Many crypto platforms fail to comply with regulations

U.S. Securities and Exchange Commission (SEC) Chairman Gensler: Many encryption platforms do not comply with regulations.

▌BITB’s asset management scale exceeded US$1 billion

Bitwise posted on social media that BITB’s asset management scale exceeded US$1 billion.

▌1,000 BTC transferred from Coinbase Institutional to unknown new wallet

According to Whale Alert monitoring, at around 2:08 Beijing time, 1,000 BTC ($51,645,110) was transferred from Coinbase Institutional to an unknown new wallet.

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Important Economic Updates

▌Former Fed Economist: Now is not the time for the central bank to delay interest rate cuts, it is time for the Fed to give way

Former Fed Economist Sahm published an article saying that the U.S. CPI rose higher than expected in January, mainly due to rising housing costs. The current road back to low inflation is still bumpy. But causing a bigger shock to other sectors of the economy and financial markets will be a mistake the Fed must avoid this year. Currently, the Federal Reserve is considering cutting interest rates against the backdrop of a strong economy. Some believe this strong growth means the Fed should not cut interest rates. But the risks are real, and rising federal funds rates are putting pressure on the housing market, as well as on credit markets and banks. Several officials said the "worst possible outcome" is for the Fed to start cutting interest rates and then have to raise them if inflation picks up. And Sahm believes that this is a strange concern, and this cycle has little to do with the Fed from the beginning. He said that now is not the time for the central bank to delay cutting interest rates, it is time for the Federal Reserve to get out of the way.

▌Fed Goolsby: Does not support waiting for the inflation rate to reach 2% before cutting interest rates

The Federal Reserve Goolsbee said that the inflation rate may be a little higher, but it is still possible to reach 2%; it does not support waiting for the inflation rate to reach 2% before cutting interest rates; the Fed's The inflation target is based on PCE, not CPI.

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Golden Encyclopedia

▌What is a miner?

In the field of cryptocurrency, miners can be compared to gold diggers in the real world. They sift through the vast land in search of extremely rare and valuable gold nuggets - similarly, miners obtain the right to produce blocks through proof of work, add new blocks to the blockchain, and receive a considerable sum of money at the same time. rewards. Miners play a key role in blockchain networks, as they are responsible for validating new transactions and recording them on a globally distributed ledger, known as the blockchain. It is important to emphasize that miners are a type of full node, which means that they verify all the rules of the blockchain and only accept blocks that comply with these rules.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.