ChainCatcher news, the Hong Kong Securities and Futures Commission has released the "A-S-P-I-Re" roadmap for the Hong Kong virtual asset market. The Hong Kong SFC stated that in order to stay ahead in this ever-changing environment, the regulatory roadmap is based on five pillars, namely "A-S-P-I-Re" (Access, Safeguards, Products, Infrastructure, and Relationships), aimed at guiding the Hong Kong virtual asset ecosystem into the future.The 12 specific measures in this roadmap include promoting market participation, implementing adaptive compliance and product frameworks, and upgrading infrastructure by combining the reliability of traditional finance with the efficiency of blockchain technology. This series of measures reflects our pragmatic approach to solidifying Hong Kong's role as a reliable virtual asset liquidity hub.

ChainCatcher news, according to Cointelegraph, SEC Acting Chair Mark Uyeda recently announced that he has asked staff to study the proposal to abandon the requirement for crypto companies to register as exchanges. Uyeda stated, "The public has raised a lot of negative comments about expanding the definition of 'exchange' to the crypto space, and linking the regulation of the U.S. Treasury market to the suppression of the crypto market is a mistake."The rule was initially proposed by former SEC Chair Clayton in 2020, primarily targeting participants in the U.S. Treasury market. However, after former Chair Gensler took office, the regulatory scope was significantly expanded to include cryptocurrency companies under the definition of "exchange," leading to controversy.After Gensler's resignation, the SEC's attitude towards the crypto industry has clearly shifted to a friendlier stance, withdrawing lawsuits against several crypto companies and establishing a dedicated group led by crypto-friendly Commissioner Peirce to develop a regulatory framework for digital assets.

ChainCatcher news indicates that, according to SoSoValue data, the encrypted market sector continues its downward trend, having fallen for three consecutive days, with a general decline of about 2% to 10% over the past 24 hours. Ethereum (ETH) dropped by 10.03%, briefly falling below $1800, while Bitcoin (BTC) decreased by 4.17%, dipping to around $76000.In addition, the Trump PolitiFi Tokens sector fell by 10.57% in the last 24 hours, with Dogecoin (DOGE) and Chainlink (LINK) dropping by 10.23% and 10.71%, respectively.In other sectors, the CeFi sector declined by 4.43% over the past 24 hours, with LEO Token (LEO) remaining relatively strong, rising by 1.60%; the Layer2 sector fell by 6.11%, where Mantle (MNT) and Movement (MOVE) rose against the trend by 1.52% and 8.27%, respectively; the Layer1 sector decreased by 6.17%, and the PayFi sector dropped by 7.11%, with Ultima (ULTIMA) rising against the trend by 11.72%; the DeFi sector fell by 8.32%, and the Meme sector declined by 9.19%.

ChainCatcher news, according to Jinshi reports, on Monday, Elon Musk's social media platform "X" received reports of outages from thousands of users in the United States and the United Kingdom.According to the outage tracking website Downdetector.com, during the first outage, over 21,000 people in the U.S. reported issues with the platform, while 10,800 people in the U.K. reported problems. The platform seemed to return to normal around 2:30 AM Pacific Time. Overall, X was down for about 45 minutes. However, later that day, X experienced another outage. According to Downdetector.com, at 6:45 AM Pacific Time, there were over 8,000 reported incidents of issues on the site. Like the previous outage, it resumed service after about 45 minutes.The cause of the interruption is currently unclear, and X has not yet responded.

ChainCatcher news, according to Solid Intel monitoring, the US tech sector has fallen sharply, with the "seven giants" losing more than $3 trillion in market value from recent highs:Strategy $MSTR: -14%;Tesla $TSLA: -8%;Palantir $PLTR: -7%;Alphabet $GOOGL: -5%;Broadcom $AVGO: -5%;Meta $META: -4%;Nvidia $NVDA: -4%;Amazon $AMZN: -3%;Netflix $NFLX: -3%;Microsoft $MSFT: -2%;

ChainCatcher news, BNB Chain today launched the second round of the $4.4 million permanent liquidity program, expanding from the first round's Meme track to all outstanding native project tokens on BSC (BNB Smart Chain). The aim is to strengthen the long-term development of the BNB Chain ecosystem by providing long-term liquidity support for high-potential projects.This round of competition will take place from March 13 to March 20, 2025, and will include daily and weekly contests to identify the most promising assets based on key performance indicators. The daily competition will be divided into two categories: the "Potential Explosion Zone" for assets with a market cap below $20 million and the "Mature Zone" for assets with a market cap of at least $20 million. The daily competition will last for seven days, with one winning project selected from each zone each day. Rankings will be determined based on a comprehensive performance of trading volume, market cap, and price increase within 24 hours.The weekly competition will evaluate project tokens based on their trading volume, market cap, and price increase over the seven days. Any asset that meets the participation criteria is eligible to participate in the weekly competition, regardless of whether it wins in the daily competition.Eligibility to participate in the competition: Assets must be natively launched on BSC, launched after January 1, 2024, with a market cap of at least $50,000 and a 24-hour trading volume of no less than $10,000.Please note that Binance-pegged tokens, gas fee tokens, stablecoins, cross-chain wrapped tokens, liquidity re-staking tokens, and winners from the first round of the Meme liquidity competition will not be eligible to participate in this round.Conditions for project victory: A market cap of no less than $1 million, an active holder count of at least 2,000 for the daily competition, at least 5,000 for the weekly competition winners, and the top 10 external holding wallets (EOA) must be less than 10% of the total supply; the project must be verified on BscScan or pass a security audit.For more competition rules and ranking formulas, please refer to the source link.

ChainCatcher news, REX-Osprey has submitted an N-1A registration statement to the U.S. Securities and Exchange Commission (SEC) to apply for the REX-Osprey MOVE ETF, which will invest in the REX-Osprey MOVE Portfolio SP.The MOVE subsidiary has entered into a separate investment advisory agreement with an advisor to manage the assets of the MOVE subsidiary. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowed funds for investment purposes) in reference assets and other assets that provide exposure to reference assets.

ChainCatcher news, according to a report by CoinShares Research, digital asset investment products have experienced outflows for the fourth consecutive week, with a total outflow of $876 million last week, bringing the total outflow during this negative trend to $4.75 billion. Although the pace of outflows has slowed, investor sentiment remains bearish.Regionally, U.S. investors are the most pessimistic, withdrawing $922 million, while other regions such as Switzerland, Canada, and Germany see this as a buying opportunity, with inflows of $23 million, $14.7 million, and $13.3 million respectively.Bitcoin has become the main focus, with an outflow of $756 million last week, while Ethereum saw an outflow of $89 million. In contrast, Solana, XRP, and Sui continue to attract inflows of $16.4 million, $5.6 million, and $2.7 million respectively.

ChainCatcher news, according to market data, the U.S. stock crypto sector is down in pre-market trading, with ProShares Bitcoin Strategy ETF down 5.4% and iShares Bitcoin Trust down 5.5%.

ChainCatcher news, according to Santiment analysis, wallets holding more than 10 bitcoins have experienced several key turning points in the past 6 months. A slight sell-off from mid-February to early March exacerbated the recent decline in the crypto market, but since March 3, these large wallets have been accumulating nearly 5,000 bitcoins again, while retail investor sentiment remains fearful.Data charts show several key timestamps: on October 12 last year, large holders began accumulating at the start of the bull market; accumulation paused during the holiday drop on December 26; accumulation resumed on January 12, a week before Trump's inauguration (when bitcoin reached a historic high of $109,000); selling began on February 19; and accumulation started again on March 3, when retail sentiment was at its most pessimistic.Santiment states that while prices have not yet reacted to the buying behavior of large holders, if these key stakeholders continue to accumulate, the market performance in the second half of March may be better than the "bloodbath" seen in the 7 weeks following bitcoin's historic high.

ChainCatcher news, according to CoinDesk, U.S. Treasury Secretary Howard Lutnick recently dismissed the possibility of an economic recession, stating that Trump's tariff policy will drive $1.3 trillion in new investments, unleashing America's growth potential.However, despite Lutnick's optimistic outlook, cryptocurrency traders lack confidence in the market, with Bitcoin and other cryptocurrencies experiencing declines. Although the resilience of the labor market has temporarily curbed expectations of a recession, the Atlanta Fed's GDPNow model predicts a -2.8% GDP growth rate for the first quarter, indicating signs of a slowdown.

ChainCatcher news, according to SoSoValue data, the entire encrypted market sector has experienced a decline, with a 24-hour drop generally around 4% to 10%. Bitcoin (BTC) fell by 4.73%, reaching a low of $80,000, while Ethereum (ETH) dropped by 6.35%, briefly falling below $2,000. Additionally, within the Trump Crypto Strategic Reserve sector, XRP, Solana (SOL), and Cardano (ADA) fell by 6.41%, 7.10%, and 7.53% respectively.In other sectors, the CeFi sector dropped by 4.98% in 24 hours, with Binance Coin (BNB) and Bitget Token (BGB) falling by 5.12% and 5.95% respectively; the PayFi sector decreased by 6.22%, the Layer1 sector fell by 6.36%, the Layer2 sector dropped by 7.06%, and the DeFi sector declined by 7.66%, with Ethena (ENA) remaining relatively strong, rising by 0.34%; the Meme sector fell by 9.12%, with most tokens in the sector retreating to levels seen in November 2024.

ChainCatcher news, Singapore Web3 platform Galaxis announced a $5 million investment commitment from Bolts Capital to accelerate the expansion of its Decentralized Science (DESCI) program and smart certificate solutions, aimed at leveraging blockchain technology to enhance the capabilities of researchers, institutions, brands, and creators through transparency, authentication, and intellectual property ownership.ChainCatcher previously reported that Singapore Web3 platform Galaxis announced in May 2024 that it had completed $10 million in financing prior to its token issuance. Participants in this round of financing include Chainlink, ENS, Rarestone Capital, Taisu Ventures, and ENS co-founder Nick Johnson, among others.

ChainCatcher news, financial analysis agency goodalexander published an analysis of White House cryptocurrency and AI director David Sacks' stance on U.S. cryptocurrency policy: A series of recent interviews with David Sacks indicates that the Trump administration's cryptocurrency policy may disappoint the market, as its stance leans more towards Bitcoin maximalism and fails to provide a clear path for the U.S. to become a unique "crypto capital," but at least it has prevented lawsuits against the industry and de-banking.The analysis points out that Sacks compares the U.S. Bitcoin strategic reserve to a "digital fortress," similar to the role of gold reserves. He particularly emphasizes the uniqueness of Bitcoin, including Satoshi Nakamoto's "perfect genesis," fixed supply, decentralization, and the "two trillion dollar bounty for a ten-year existence," all of which argue for value storage rather than "digital cash" or "value internet."Notably, Sacks stated that the tweets about ADA, XRP, and SOL released by Trump were "not particularly special," merely "the top five cryptocurrencies," which is in stark contrast to Eric Trump's exaggerated interpretation of his father's tweets. The analysis suggests that there may be potential differences between Sacks and members of the Trump family, who have heavily invested in the cryptocurrency industry.Regarding regulatory direction, Sacks emphasized SEC Commissioner Hester Peirce's idea of providing a grace period for network developers, allowing them to promote broad participation and the development of functional or decentralized networks under specific conditions. This means that the clear goal for cryptocurrency projects will be to become alternatives to Bitcoin—decentralized commodities that are centralized in the short term but have a grace period. Although the new policy is more favorable for industry development than during the Biden administration, analysts believe it may benefit new projects more than existing ones.

ChainCatcher news, Solana core developers Max Resnick and Ashwin Sekar jointly released the SIMD-0257 proposal, which suggests removing the voting fees on the Solana network and optimizing the incentive compatibility of timely voting points to enhance network security and validator participation.Currently, the voting fees are used to limit the scale of validators and prevent DoS attacks. Other parts of the proposal mainly focus on preventing a potential modification behavior, where validators could review the votes of their peer validators to increase their own rewards from voting points. The proposal is still in the early stages and is not yet ready for voting.Max was previously a core researcher at Ethereum before joining the Solana core development company Anza team.

ChainCatcher news, according to The Paper, the Chief Prosecutor of the Supreme People's Procuratorate, Ying Yong, delivered the work report of the Supreme Procuratorate at the third session of the 14th National People's Congress. In 2024, the procuratorial organs prosecuted 825 individuals for securities-related crimes such as financial fraud and insider trading, and 3,032 individuals for money laundering crimes involving the use of "virtual currency" to transfer criminal proceeds.

ChainCatcher News, U.S. Treasury Secretary Scott Bessent stated at the White House Crypto Summit: "We will think deeply about the stablecoin system, as President Trump has instructed, we will maintain the United States' position as the world's dominant reserve currency, and we will use stablecoins to achieve this."

ChainCatcher message, U.S. Treasury Secretary Scott Bessent stated at the crypto summit: "We will end the regulatory crackdown on digital assets. The actions of the Biden administration have done nothing but punish innovators, and we will think deeply about the stablecoin system. As directed by Trump, we will maintain the United States' position as the dominant reserve currency in the world. We will achieve this through stablecoins. Technology is the foundation for President Trump; he embraces technology and will leverage it to move America forward."

ChainCatcher news, former U.S. Securities and Exchange Commission (SEC) commissioner Michael Piwowar stated in an interview that, compared to other cryptocurrency-related issues, Memecoins may be cases that the SEC can more easily resolve. He mentioned that Memecoins can be considered commodities, but the Commodity Futures Trading Commission must publicly declare this.