ChainCatcher news, according to Decrypt, Coinbase's Vice President of Enterprise and Business Development Shan Aggarwal stated that there has been a "shift" in negotiations between Coinbase and traditional financial institutions over the past six to nine months, which is accelerating, especially as issues related to cryptocurrency in the U.S. gain more support from both Republicans and Democrats. The dialogue could ultimately attract more traditional financial institutions into Web3, driving the mass adoption of digital assets.

ChainCatcher news, according to CoinDesk, the decentralized venture capital firm Maelstrom, supported by Arthur Hayes' family office, announced Jon Atack as the second recipient of its Bitcoin funding program.It is reported that Atack started contributing to Bitcoin Core in 2019 and was recently appointed as the maintainer and editor of the Bitcoin Improvement Proposal (BIP) repository.

ChainCatcher news, according to Fox reporter Eleanor Terrett, Senator Chuck Schumer sent a letter to his Senate colleagues mentioning the priorities for bipartisan legislation in the remaining months of Congress. Cryptocurrency legislation was not mentioned, but artificial intelligence was listed as a priority. This contrasts with his assertion during the Crypto4Harris town hall that cryptocurrency legislation would be an urgent priority.

ChainCatcher news, privacy-focused fintech company Biptap announced the completion of a $2 million Pre-Seed funding round. The names of the investors have not been disclosed, but it is reported that they include several Web3 decentralized investment funds, a travel service provider with a network of 2.5 million hotels, a crypto technology company that once owned a MotoG racing team, and a former founder of a crypto investment fund. Currently, its business mainly operates in the Web3 space, and the new funds will be used to expand its business into markets beyond Web3, ensuring that users can control their financial transactions with privacy at the core.

ChainCatcher news, former White House Communications Director Anthony Scaramucci emphasized the necessity of bipartisan cooperation in the crypto space and pointed out that in the long run, Scaramucci stated that Harris has shown support for the crypto industry and hinted at significant changes under her administration. He said, "Harris has an open attitude towards cryptocurrency. She is not dictating the cryptocurrency policy of the Biden administration. Harris and Warren (Elizabeth Warren) are not close. Gary Gensler will be fired, and Warren will serve as the financial services 'czar' in the Harris administration. Let's maintain bipartisan cooperation in cryptocurrency, as this is healthier for the ecosystem in the long run."Ripple CEO Brad Garlinghouse also expressed an open attitude towards Harris's potential cryptocurrency policies. He suggested not to judge candidates solely based on party affiliation and emphasized the importance of policy proposals.

ChainCatcher news, Bitcoin Magazine CEO David Bailey stated on his social platform that the media is trying to undermine Trump's support for Bitcoin through his donations to the crypto industry. However, what they fail to realize is that the crypto industry is proving to the world that "if you cooperate with the crypto industry, we will strongly support you; otherwise, we will end your career."After this election, Bitcoin will receive bipartisan support in the U.S. out of political necessity.

ChainCatcher news, Coinbase stated on social media that today 24 cryptocurrency founders met with bipartisan senators in Washington to encourage them to help the crypto industry thrive in the United States. Only 26% of developers are located in the U.S., a figure that has decreased by 14% over the past five years.

ChainCatcher news, according to DLNews, the question of whether a bipartisan bill restricting lawmakers' stock trading should also apply to the cryptocurrencies they hold has caused a rift between the two sponsors of the House stock ban legislation.Reports indicate that Virginia Democratic Representative Abigail Spanberger and Texas Republican Representative Chip Roy are leading the push for this bill, which requires lawmakers to place their stocks in blind trusts to prevent them from trading on privileged information.Abigail Spanberger insists that stocks and cryptocurrencies are similar because their values can be influenced by lawmakers. Their conflict is the latest indicator of the emerging cryptocurrency industry's growing prominence in Washington, alongside over $100 million in funding to support crypto-friendly politicians who may help create a more favorable regulatory environment, though Chip Roy disagrees.

ChainCatcher News, the House Financial Services Committee Republicans stated on social media that President Biden vetoed the SAB 121 bill, which is very disappointing. This move disregards multiple bipartisan votes, sending a clear message to the government that its stance on digital asset policy is wrong. Congress will continue to strive for clarity in digital asset regulation.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on social media that a bipartisan group of House members (including Majority Whip Tom Emmer and New Jersey Democrat Josh Gottheimer) has sent a letter to Gary Gensler, urging the SEC to approve a spot Ethereum ETF (and "other" digital assets), as it provides investors with a regulated, transparent, and secure way to access cryptocurrencies.

ChainCatcher news, according to The Block, the Bitcoin Improvement Proposal BIP-420 has officially proposed the restoration of the OP_CAT opcode to introduce the "Covenants" feature on Bitcoin. Udi Wertheimer, co-founder of Taproot Wizards and advocate for OP_CAT, stated that OP_CAT will enable functionalities such as smart contracts, secure cross-chain bridges, on-chain transactions, and zero-knowledge proof verification on Bitcoin.The so-called "Covenants" is an advanced scripting feature that allows specific conditions to be set for the use of Bitcoin in future transactions. This will open up numerous application scenarios, such as creating secure "vaults" that allow transaction rollbacks, automating regular payments, setting timed transfers for inheritance scenarios, and complex financial instruments like escrow and bonds.It is reported that the proposal was written by Ethan Heilman and Armin Sabouri, aiming to redefine the opcode OP_SUCCESS126 in a backward-compatible manner through a soft fork to restore OP_CAT. However, whether the OP_CAT soft fork can be realized depends on multiple considerations, including technical, security, and community consensus.The concept of Bitcoin "Covenants" can be traced back at least to 2013. In addition to OP_CAT, there are several other "Covenants" proposals, such as CTV, CSFS, and LNHANCE, which are currently at different stages of research and discussion.

ChainCatcher news, according to Jinshi reports, the U.S. House of Representatives announced on February 20 local time that it will establish a bipartisan special task force centered on artificial intelligence (AI). It is reported that House Speaker Johnson stated in a press release that he and minority leader (Democrat) Jeffries have appointed 12 members to join the task force. The research group will be chaired by Republican Congressman Obernolte and Democratic Congressman Ted. The group will write a report that includes recommendations for the future and bipartisan policy proposals related to artificial intelligence.

ChainCatcher news, according to Bitget market data, the leading sectors are BRC20, AI, and storage, with BIPI rising 24-hour by 45.14%, XETA rising 24-hour by 75.93%, and STORJ rising 24-hour by 11.81%.As of the time of writing, the global cryptocurrency 24-hour trading volume is $104.6 billion, with BTC accounting for 51.85%. The top three cryptocurrencies in real-time growth are XELS, BLUE, and XETA.

ChainCatcher news, according to CoinDesk, U.S. House lawmakers failed to reach a bipartisan agreement on stablecoin legislation, with Financial Services Committee Chairman Patrick McHenry blaming the White House's intransigence for the stalemate, while Democratic leaders claimed it was McHenry who halted the negotiations.It is reported that lawmakers focused on finance had previously introduced three bills related to cryptocurrency issues and voted on them in the full House.

ChainCatcher news, Bitget's current Launchpad project BIP1 (BRC20) has launched its spot trading pair today at 18:00 (UTC+8). The initial price on the Launchpad was $0.1, and as of the time of writing, the current price is $0.8, with a maximum increase of 2177% after launch.It is reported that Bitget's previous Launchpad projects had a maximum increase of 20000% for BBO, 14950% for HALO, and 7992% for ZZZ.