Daily Selected Crypto News by Wu - Howard Lutnick, Supporter of Cryptocurrencies, Appointed as U.S. Secretary of Commerce

1. Cryptocurrency Supporter Howard Lutnick Appointed as U.S. Secretary of Commerce

Cryptocurrency supporter Howard Lutnick has been confirmed by the U.S. Senate to serve as the Secretary of Commerce. Lutnick, who holds Bitcoin assets valued in the hundreds of millions of dollars, will be responsible for advancing the Commerce Department's new cryptocurrency and tariff policies. Additionally, he will lead the newly issued executive order from Trump to establish a sovereign wealth fund for the U.S. government.

2. QCP: Solana Faces 30 Million Token Unlocking Pressure, Bitcoin Maintains Around $95,000

QCP Capital notes that Solana is facing pressure ahead of the unlocking of 30 million tokens on March 1. The $SOL hedge fund flows related to FTX are putting pressure on $BTC and $ETH, further exacerbating the overall market weakness. Additionally, Strategy did not purchase any Bitcoin last week, marking the second time its holdings have remained unchanged. Despite these headwinds, Bitcoin has maintained around $95,000 after retreating to $93,000, but it struggles to break higher levels due to a lack of catalysts in the short term.

3. Vitalik: Ethereum Embodies Both Bitcoin and World Computer Mindsets

When asked whether Ethereum is closer to being like Bitcoin or a world computer, Vitalik responded that both mindsets are compatible. He emphasized that abandoning decentralization and resilience in pursuit of TPS is a significant mistake, as both are crucial for creating a digital currency and world computer with long-term value. Vitalik stated that there is currently no "$ETH 3.0"; the relationship and balance between L1 and L2 are execution layer issues that require strengthening L1 capabilities, improving interoperability across L2s, and increasing blobs. He also mentioned that "decentralization" does not mean "doing nothing" but rather addressing ecological imbalances through the foundation's "subtraction philosophy."

4. Hong Kong Investment Promotion Agency Acknowledges $BTC and $ETH as Assets for Investment Immigration Assessment

Regarding the previous allowance for investment immigration to use $BTC and $ETH for asset assessment, King Leung, the head of the Hong Kong Investment Promotion Agency, stated that any asset (such as $BTC, $ETH, or a painting) can be included in the net asset assessment, provided that a CPA practicing in Hong Kong signs a written asset valuation report. The valuation report typically includes the following information: valuation date, basic information about the asset (which may include a description and condition of the asset), valuation basis/method, recent transaction data of comparable items/projects; and relevant photographs, etc.