1. El Salvador and Paraguay have signed a cryptocurrency regulatory agreement to enhance cooperation in crypto industry regulation and anti-money laundering compliance. This is El Salvador's second international agreement in three months, following a similar deal with Argentina.

2. Maker is set to update its oracle price to $1,806, which may lead to the forced liquidation of a whale's 65,000 ETH position if the price does not rebound or collateral is not replenished.

3. Longling Capital transferred 21,000 ETH to Binance, valued at approximately $38.81 million.

4. Solana's transaction fees have dropped to their lowest since September 2024, with a significant decrease in on-chain activity and a 50% drop in SOL's price since January 20.

5. Bitcoin has fallen below $77,000, marking a 3.80% decrease for the day.

6. Mt. Gox transferred 11,502 BTC to an unknown wallet, possibly linked to a creditor repayment plan.

7. A whale sold 25,800 ETH to avoid liquidation, incurring a leveraged loss of $31.75 million.

8. The U.S. Senate has updated the GENIUS Act 2025, expanding the reciprocity clause for overseas payment stablecoins.

9. U.S. stocks experienced a sharp decline, with the Nasdaq down 4% and Tesla falling 15% amid recession concerns.

10. Coinbase plans to launch 24/7 Bitcoin and Ethereum futures contracts in the U.S., enhancing market accessibility.

11. Movement Network Foundation has launched the Beta version of its public mainnet, with various Dapp functions available.

12. DeFi TVL has dropped by over $45 billion since Trump's election, with Ethereum facing challenges in setting new highs.

13. The UK Treasury has no plans to introduce U.S.-style Bitcoin reserves.

14. MyShell has terminated cooperation with an illegal market maker and plans to repurchase SHELL tokens.

15. Thailand's SEC has approved USDT and USDC as licensed cryptocurrencies, expanding the list of approved digital assets.

16. Strategy (formerly MicroStrategy) has filed a prospectus for a $21 billion preferred stock offering to potentially acquire Bitcoin.

17. Crypto executives suggest Bitcoin could be used for Trump's "gold card" plan, enhancing U.S. crypto reserves.

18. Singapore Exchange plans to launch Bitcoin perpetual futures contracts in 2025, targeting institutional clients.

19. Japan's cryptocurrency reform bill is set to be submitted to the Diet after cabinet approval.

20. Standard Chartered Bank suggests the U.S. could build Bitcoin reserves by selling gold and using treasury funds.

21. The Cayman Islands will introduce new cryptocurrency licensing requirements effective April 1, 2025.

22. CoinShares reports a fourth consecutive week of digital asset investment outflows, totaling $876 million last week.

 El Salvador and Paraguay Sign Cryptocurrency Regulatory Agreement According to CoinDesk, El Salvador has reached a cooperation agreement with Paraguay on cryptocurrency regulation. This is the second international crypto regulatory agreement signed by the country in three months. It has previously reached a similar agreement with Argentina. The agreement was signed by Paraguayan anti-money laundering agency SEPRELAD and the National Digital Asset Commission of El Salvador (CNAD) last Friday, aiming to strengthen cooperation between the two sides in crypto industry regulation, unauthorized crypto business detection, and anti-money laundering compliance. It is worth noting that the Central Bank of Paraguay has previously stated that cryptocurrencies are not authorized by it, reminding the public to be cautious in interacting with non-regulated entities. The agreement may mean that Paraguay is considering learning from El Salvador's single digital asset regulatory system.
 Maker will update the oracle price to $1806 at 10:00, and the whale address position of 65,000 ETH may face forced liquidation According to Ember, Maker will update the oracle price to $1,806 at 10:00. If ETH fails to rebound above the whale's liquidation price before then, or the account fails to replenish collateral, its position will face forced liquidation. Earlier today, it was reported that a whale/institution urgently replenished collateral, but the risk of ETH liquidation has not been eliminated.
 Longling Capital transferred 21,000 ETH to Binance, about 38.81 million US dollars According to Embers monitoring, Longling Capital transferred 21,000 ETH (about 38.81 million US dollars) to Binance 15 minutes ago.
 Solana transaction fees fall to lowest level since September 2024, on-chain activity drops sharply According to The Block, the total transaction fees generated by the Solana network last week were only 53,800 SOL, the lowest level since September 2024, down 10% from the previous week. Of this, 77% of the fees came from "acceleration fees" (Jito tip fees) paid by users to validators, which has dropped significantly from the peak of $TRUMP and $MELANIA meme coins (the fourth week of January). The 7-day average (7DMA) of active addresses on the Solana chain also fell 35% during the same period, causing the price of SOL to fall by about 50% since January 20. In addition, the "graduation" rate of tokens on the Pump.fun platform in the Solana ecosystem (migrating from Pump.fun to Raydium DEX) has dropped to 0.89%/day, far lower than 1.6%/day in January.
 BTC falls below $77,000, down 3.80% on the day The OKX market data shows that BTC has just fallen below $77,000 and is currently trading at $76,996.10 per coin, down 3.80% on the day.
 Mt. Gox transfers about 11,502 BTC to unknown wallet, possibly related to creditor repayment plan According to Onchain Lens, Mt. Gox has just transferred 11,502 BTC (about $905 million) to an unknown wallet. This move may be related to the exchange's creditor repayment plan.
 A whale sold 25,800 ETH to avoid liquidation, resulting in a leveraged loss of $31.75 million According to Ember's monitoring, a whale faced liquidation risk due to leveraged long ETH and had to sell 25,800 ETH (about 47.81 million USDT) to lower the liquidation line. The sale took place 5 hours ago, when the price of ETH fell to $1,853, further exacerbating the downward pressure on the market. The whale's ETH was originally bought at an average price of $3,084 through leverage in July 2024, and the loss of the leveraged part alone has reached $31.75 million.
 The U.S. Senate updates the stablecoin bill GENIUS Act 2025: Expanding the reciprocity clause for overseas payment stablecoins According to the latest GENIUS Act 2025 released by the U.S. Senate, the updated bill specifically expands the "Reciprocity for Payment Stablecoins Issued in Overseas Jurisdictions". The U.S. Secretary of the Treasury is required to reach bilateral agreements with countries with similar stablecoin regulatory frameworks to ensure coordination of reserve requirements, supervision, anti-money laundering and counter-terrorism measures, sanctions compliance standards, liquidity requirements and risk management standards. This reciprocal arrangement must be completed within two years of the bill's entry into force to promote international transactions and enhance interoperability with overseas payment stablecoins denominated in U.S. dollars. In addition, the bill explicitly excludes licensed payment stablecoin issuers from the scope of "commodities" defined in the Commodity Exchange Act, further clarifying regulatory responsibilities.
 Black Monday in US stocks: Nasdaq plunges 4% and Tesla falls 15% Due to negative sentiments such as concerns about the US economic recession, US stocks fell sharply on Monday, with the Dow Jones Industrial Average initially closing down 2%, the S&amp;P 500 down 2.7%, and the Nasdaq down 4%. Tesla (TSLA.O) plummeted 15.4%, Apple (AAPL.O) fell nearly 5%, and Nvidia (NVDA.O) fell 5%. Among blockchain concept stocks, Hut 8 fell 15.03%, Canaan Inc. (CAN.O) fell 14.17%, MicroStrategy (MSTR.O) fell 16.68%, and Coinbase (COIN.O) fell 17.58%. 
 Coinbase will launch Cookie DAO (COOKIE) Coinbase Assets said on the X platform that it will add support for Cookie DAO (COOKIE) on the Base network. Do not send this asset through other networks, otherwise your funds may be lost. The specific trading start time was not disclosed.
 Coinbase to launch 24/7 Bitcoin and Ethereum futures contracts in the U.S. According to Coinbase's official announcement, in the next few weeks, Coinbase Derivatives, LLC, a futures exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC), will launch 24/7 Bitcoin and Ethereum futures contracts, allowing U.S. traders to manage risks and seize opportunities at any time, just like trading cryptocurrencies. Coinbase is also developing a perpetual futures contract to fill the key product that has long been missing for U.S. traders. These innovations are designed to respond to the strong demand of cryptocurrency native traders, making the U.S. market more accessible, competitive, and in line with global standards.
 Movement public mainnet Beta is now live According to official news, Movement Network Foundation announced that the Beta version of the Movement public mainnet has been launched, and the MOVE token is the native gas token of the Movement Network. The official bridge powered by LayerZero has also been launched simultaneously, and users can bridge MOVE, USDT, USDC, WETH and WBTC between Movement and Ethereum. It is reported that the Dapp functions open on the first day of launch include: using the official bridge to bridge MOVE; staking MOVE on Thunderhead, Meridian or Movernance; purchasing NFT or publishing a collectible on Tradeport; depositing assets in Canopy to earn returns; lending on MovePosition or Echelon; trading on Yuzu or Warpgate; issuing tokens on move.fun or warpgate.fun; launching AI agents on DeAgentAI, or interacting with agents on RNDM; minting AI art NFTs or uploading models on CoScription; making predictions on BRKT; In addition, according to the official roadmap, the Movement Network's rapid termination mechanism is planned to be launched soon, and other functions including decentralized shared sorters are under development.
 DeFi TVL has completely given up the gains since Trump was elected as the US president, falling by more than $45 billion from its previous peak According to Cointelegraph, the total value of cryptocurrencies locked in DeFi protocols (TVL) has completely given up its previous gains since Trump was elected as the US president in November 2024. Analyst Miles Deutscher pointed out that since the US election, DeFi TVL soared to $138 billion on December 17, but fell back to $92.6 billion by March 10. As the meme coin craze faded, Solana became a target of public criticism, but Ethereum has also faced challenges in the recent cycle and failed to set a new all-time high, while Bitcoin broke through $109,000 on the day of Trump's inauguration (January 20). DefiLlama data shows that Ethereum's TVL has fallen by $45 billion from its cycle high. Despite positive developments in the industry, such as the launch of spot ETFs in the United States and Trump's signing of an executive order to establish a strategic Bitcoin reserve, Ethereum's all-time high of $4,787 in November 2021 has not been broken so far.
 UK Treasury: No plans to introduce US-style Bitcoin reserves According to the Jinshi Investment Market, the UK Treasury said it has "no plans" to introduce American-style Bitcoin reserves.
 MyShell: Terminated cooperation with illegal market makers and introduced new partners, and plans to repurchase SHELL MyShell released an official statement on the Binance announcement and the SHELL buyback plan: "On March 7, we received a notice from the Binance team that one of our market makers was involved in irregularities. In response, we immediately terminated our cooperation with the market maker and introduced several new partners to ensure stable liquidity. All Binance accounts related to the market maker have been suspended and their remaining assets will be transferred to our new market maker. In addition, all stablecoins sold by the market maker will be used to buy back SHELL within 90 days. To ensure full transparency, we will publish the wallet addresses related to the buyback for community members to verify. In addition, we are working closely with Binance to ensure the openness and transparency of this process."
 Thai regulator adds stablecoins USDC, USDT to approved cryptocurrencies According to CoinDesk, Thailand's financial regulator, the Securities and Exchange Commission (SEC), is expanding its list of approved cryptocurrencies to include two major stablecoins, Tether's USDT and Circle's USDC, as trading pairs for digital asset exchanges. Prior to this, the regulator only approved BTC, ETH, XRP, XLM, and certain tokens used in the Thai bank's settlement system. The move follows a public consultation in February, during which the majority of respondents supported the proposal. The new regulations will take effect on March 16.
 Thai regulator recognizes Tether’s USDT as a licensed cryptocurrency According to the official blog, Tether announced that the Securities and Exchange Commission of Thailand (SEC) has accepted USDT as an approved cryptocurrency. This approval means that USDT can be legally traded in Thailand, paving the way for USDT to be listed on regulated exchanges in Thailand, and also laying the foundation for the widespread use of USDT in the payment field in Thailand.
 Strategy files prospectus for offering up to $21 billion in preferred stock Strategy (formerly MicroStrategy) has filed a prospectus for a proposed offering of up to $21 billion of 8.00% Series A perpetual exercising preferred stock. The offering is intended to raise funds for general purposes, including the potential acquisition of Bitcoin. MicroStrategy intends to continue its strategy of accumulating Bitcoin, using proceeds from equity, debt financing, and operating cash flow. The filing does not mention any new Bitcoin acquisitions, but highlights the company's continued commitment to its Bitcoin strategy. 
 Crypto executives suggest that Bitcoin can be exchanged for Trump's "gold card" According to Jinshi, BTC Inc. CEO David Bailey, one of dozens of insiders invited to the recent Trump Crypto Summit, proposed on social media that the president's two ideas could be combined to increase crypto reserves without spending a penny. Bailey said that many elites in emerging markets want to live in the United States, but it is difficult to transfer $5 million abroad. Bitcoin provides a simpler, safer and more cautious solution, and it should be considered that Trump's proposed "Gold Card" plan can be paid with Bitcoin. If the government really takes this step, it should send another clear signal to the world that the United States is serious about incorporating Bitcoin into its internal policies.
 Singapore Exchange plans to launch Bitcoin perpetual futures contracts in the second half of 2025 Singapore Exchange Ltd. plans to launch Bitcoin perpetual futures, a move by traditional exchanges to move deeper into the cryptocurrency derivatives market, according to Bloomberg. The company intends to launch these contracts in the second half of 2025, and will strictly target institutional clients and professional investors, prohibiting retail trading of these instruments, a spokesperson for the Singapore Exchange said. The Singapore Exchange hopes to be a bridge between regulated financial markets and the free-for-all world of cryptocurrency trading. The company spokesperson said they believe the products it offers will "significantly expand access to institutional markets." The planned products are still awaiting approval from the Monetary Authority of Singapore.
 Market News: Japan's cryptocurrency reform bill will be submitted to the Diet after cabinet approval According to the Jinshi Market, Japan's cryptocurrency reform bill will be submitted to the Diet after approval by the cabinet.
 Standard Chartered Bank: The United States can build up Bitcoin reserves by selling gold and using treasury funds According to Decrypt, Geoff Kendrick, global head of digital asset research at Standard Chartered, proposed that the U.S. government could buy Bitcoin in several budget-neutral ways when implementing President Trump's latest executive order. Kendrick elaborated on these strategies, noting that they would avoid "additional costs to American taxpayers," which Trump had already banned when he established a strategic Bitcoin reserve on Thursday. Kendrick wrote in a research report last Friday that the Trump administration could do so by "selling gold," using the U.S. Treasury's so-called Exchange Rate Stabilization Fund (ERF), or incorporating a budget-neutral plan into the 2024 Bitcoin Act proposed by Senator Cynthia Lummis. According to the World Gold Council, the U.S. government currently holds 8,133.46 tons of gold reserves. At current prices, this batch of gold is worth about $758 billion.
 Cayman Islands’ new cryptocurrency regulatory framework introduces new licensing requirements, effective April 1 According to Bitcoin.com News, the Cayman Islands has updated its cryptocurrency regulatory framework and has established new licensing regulations that will come into effect on April 1, 2025. Under the Virtual Assets (Service Providers) (Amendment) Regulations 2025, all entities that provide virtual asset custody and trading platform services will need to obtain a license issued by the Cayman Islands Monetary Authority (CIMA). Existing virtual asset service providers (VASPs) must submit a licensing application within 90 days of the effective date. As part of the application process, crypto asset custodians must disclose the types and quantities of virtual assets they intend to hold for their clients, while trading platform operators will need to provide details of expected revenue and the location of their physical hardware.
 CoinShares: Last week, digital asset investment products saw a net outflow of $876 million, marking the fourth consecutive week of outflows According to CoinShares' latest weekly report, digital asset investment products have seen outflows for the fourth consecutive week, totaling $876 million. Although this indicates a slowdown in the pace of outflows, investor sentiment remains bearish. Cumulative outflows over this period now stand at $4.75 billion, reducing year-to-date inflows to $2.6 billion. Affected by the combination of falling prices and continued outflows, total assets under management (AuM) fell $39 billion from its peak to $142 billion, the lowest point since mid-November 2024. Regionally, U.S. investors were the most bearish, withdrawing $922 million, while most other regions saw this as a buying opportunity, most notably Switzerland, Canada, and Germany, with inflows of $23 million, $14.7 million, and $13.3 million, respectively. Bitcoin was the main focus, with $756 million of outflows last week, although short Bitcoin also saw outflows of $19.8 million, the largest outflow since December 2024. Multiple altcoins also saw outflows, most notably Ethereum ($89 million), Tron ($32 million), and Aave ($2.4 million). Conversely, Solana, XRP, and Sui continued to see inflows, totaling $16.4 million, $5.6 million, and $2.7 million, respectively. Blockchain-related stock ETPs also failed to escape the negative sentiment, with $48 million in outflows last week.


Cryptocurrency Regulatory Developments and Market Movements