ChainCatcher news, according to Jin Shi reports, following last weekend's refusal by U.S. President Trump to guarantee that the U.S. economy would not experience negative growth, U.S. Treasury Secretary on Sunday (16th) also stated that he cannot guarantee the U.S. economy will not fall into recession. However, Bessent ruled out the possibility of a financial crisis in an NBC interview. When asked if he could guarantee that there would be no economic recession during Trump's presidency, Bessent replied, "I cannot guarantee that. (Just like) who could have predicted the COVID-19 pandemic?" Bessent stated that he is implementing robust policies that can endure, indicating that the country needs to gradually move away from what he calls large-scale government spending. When asked if adjustments would lead to an economic recession, Bessent said, "There is no reason for that to be the case." Bessent dismissed concerns about the recent decline in U.S. stocks, stating that the market correction is healthy, and if the government implements good tax policies, relaxes regulations, and ensures energy security, the market "will be in good shape."

ChainCatcher news, according to Cointelegraph, analysts say that Bitcoin needs to maintain a closing price above $81,000 this week to avoid further downward volatility ahead of next week's FOMC meeting.Bitget Research Chief Analyst Ryan Lee stated that if Bitcoin's weekly closing price falls below $81,000, it may further adjust to around $76,000 next week. The results of the FOMC meeting scheduled for March 19 could significantly impact Bitcoin investor sentiment.

ChainCatcher news, the White House released a memo showing that David Sacks, the U.S. Director of Artificial Intelligence and Cryptocurrency Affairs, sold over $200 million in digital asset-related investments through his personal accounts and his company Craft Ventures before taking office, in order to reduce potential conflicts of interest.Of this amount, at least $85 million directly belongs to Sacks, but Craft Ventures still holds some fund investments related to crypto assets. Sacks has liquidated his holdings in Bitcoin, Ethereum, Solana, and the Bitwise 10 Crypto Index Fund (BITW), and sold shares in Coinbase (COIN) and Robinhood (HOOD).Additionally, he has exited investments related to Multicoin Capital, Blockchain Capital, and Bitwise Asset Management, and has begun to gradually divest from certain private digital asset companies. However, Sacks still holds interests in some funds under Craft Ventures, which invest in companies like BitGo and Lightning Labs. These investments are difficult to fully exit due to liquidity constraints, accounting for less than 3.8% of his total investment assets.Sacks stated that this move aims to avoid any suspicion of conflicts of interest and to ensure transparency in his decision-making as a government official.

ChainCatcher news, according to Lookonchain monitoring, a whale sold 25,800 ETH (47.8 million USD) to avoid liquidation, incurring a loss of over 32 million USD.This whale currently holds 35,034 ETH (64.68 million USD) on Aave, with a health factor of 1.4 and a liquidation price of approximately 1,316 USD.

ChainCatcher news, according to Ember monitoring, a certain whale sold 25,800 ETH to avoid liquidation of their position, resulting in a leveraged long position in ETH realizing a loss of up to 31.75 million dollars.

ChainCatcher news, according to Cointelegraph, Bitfinex analysts stated that the federal government's lack of direct investment in Bitcoin has led to a "short-term negative reaction in the market and a decline in Bitcoin prices." Bitcoin needs to close above the key support level of $82,000 this week to avoid further declines due to disappointment among short-term investors. Analysts emphasized that investors had originally expected the federal government to accumulate Bitcoin, which would demonstrate strong institutional support, but the approach of relying solely on existing holdings without increasing investments has weakened those expectations.Nexo analyst Iliya Kalchev pointed out that, in addition to crypto-related legislation, macroeconomic developments and global trade concerns continue to put pressure on Bitcoin prices. Next week, the market will focus on the U.S. Consumer Price Index and employment report, which will serve as important indicators for inflation slowdown and potential interest rate cuts.On the technical side, Bitcoin's Relative Strength Index (RSI) is at 28, indicating that the asset is in an oversold state. Analyst Rekt Capital noted that every time the RSI reaches 28 in the current cycle, Bitcoin's price "either hits the bottom or is only 2% to 8% away from the bottom."

ChainCatcher news, according to Jinshi reports, the European Central Bank's payment system experienced a major failure last Thursday, and the chaos that ensued during the 10 hours it took to identify and resolve the issue led to disruptions in welfare payments for over 15,000 Greeks, a large number of wages and pensions in Austria, and several financial transactions. The situation could have potentially worsened.If the situation had occurred or continued into the next day, i.e., at the end of February, it would have been a payday for many public sector employees, pensioners, and welfare recipients, and this chaos could have impacted millions of people and businesses, putting a strain on the banking system. According to officials from the Eurozone central bank, the core of the escalating turmoil was a hardware failure, but technicians took hours to identify the problem after initially misdiagnosing a database issue.Markus Ferber, a member of the European Parliament and a member of the committee overseeing the European Central Bank, stated, "A hardware failure is forgivable, but it is inexcusable if there is no backup that can be immediately activated when problems arise." An official from the European Central Bank indicated that the affected hardware did indeed have multiple backups, and the bank is analyzing why they did not activate.

ChainCatcher news, Solana founder Toly shared his views on decentralized reserve mechanisms on social media. He stated that the ideal choice is to have no reserves, as allowing the government to manage reserves would lead to the failure of decentralization.Toly further pointed out that if reserves must be established, each state can manage them independently to hedge against potential decision-making errors by the Federal Reserve. At the same time, if a reserve mechanism is necessary, it should be based on objective, measurable, and reasonable standards, rather than subjectively set rules.He finally emphasized that regardless of how the reserve mechanism is set up, the Solana ecosystem can meet and exceed its goals, demonstrating strong competitiveness.

ChainCatcher message, Slow Mist stated that on February 21, 2025, Bybit's on-chain multi-signature wallet was targeted and breached, with nearly $1.5 billion in assets quietly lost through a transaction with a "legitimate signature." Subsequent on-chain analysis revealed that the attacker gained multi-signature permissions through sophisticated social engineering attacks, implanted malicious logic using the delegatecall function of the Safe contract, and ultimately bypassed the multi-signature verification mechanism to transfer funds to an anonymous address. "Multi-signature" does not equal "absolute security"; even a secure mechanism like the Safe multi-signature wallet can still be at risk of being compromised if lacking additional protective measures.Bybit is using version v1.1.1 (<1.3.0) of the Safe contract, which means they cannot utilize the Guard mechanism, a key security feature. If Bybit had upgraded to version 1.3.0 or higher of the Safe contract and implemented an appropriate Guard mechanism, such as specifying a whitelist address for receiving funds and conducting strict contract function ACL verification, they might have been able to avoid this loss. Although this is merely a hypothesis, it provides important insights for future asset security management.

ChainCatcher news, Ethereum founder Vitalik Buterin responded to the question of whether "rollups are overall good for Ethereum or are they leeches, and whether ETH really needs these L2s." He stated that Ethereum currently adopts a hybrid L1 + L2 scaling solution, but it is still necessary to clearly define the transaction scope of both L1 and L2 layers.Vitalik indicated that moving all transactions to L2 could weaken ETH's position as a medium of exchange and a store of value, and cross-L2 operations would still rely on L1. At the same time, keeping all transactions on L1 is also not feasible, as it could lead to centralization and fail to meet the ever-growing demand for on-chain transactions. It is essential to find an appropriate balance between these two extremes to provide users with the optimal solution.

ChainCatcher news, according to TASS, Aisen Nikolaev, chairman of the Russian State Duma Energy Committee, has proposed plans to establish dedicated power plants for cryptocurrency mining activities. These power plants will specifically serve the cryptocurrency mining community and will not connect to the public power grid.Nikolaev stated that the State Duma Energy Committee is in communication with the Ministry of Energy regarding cryptocurrency mining issues. He believes that innovative solutions will emerge in the near future, allowing Moscow to develop its cryptocurrency mining business while protecting the interests of the public. It is reported that the electricity used for mining in some regions of Russia has already reached an "out of control" state, leading to capacity shortages and affecting the power supply quality for residents and businesses.

ChainCatcher news, encrypted media Coinage founder Zack Guzmán posted an analysis that the Trump family quickly launched TRUMP and MELANIA tokens before the inauguration, possibly to avoid constitutional risks.According to the compensation clause of the U.S. Constitution, the president cannot receive profits from foreign governments. Trump has previously earned about $7.2 million from the NFT project, and his wife Melania has also made over $330,000 from NFT sales. Guzmán pointed out that issuing tokens before officially taking office could reduce the risk of being accused of violating the compensation clause.

ChainCatcher message, Vitalik posted on social media stating that the Ethereum Foundation (hereinafter referred to as EF) will avoid the following in the future:Executing some kind of ideological/atmospheric shiftActively lobbying regulators and powerful politicians (especially in the U.S., but actually anywhere, especially in major countries), risking the damage to Ethereum's status as a global neutral platformBecoming a battleground for vested interestsBecoming a highly centralized organization, even more like the "protagonist" in EthereumVitalik emphasized that these things are not what EF does, and that will not change. He welcomes those seeking different visions to create their own organizations.

ChainCatcher news, UniSat announced on social media that, based on the recommendations from the CAT Protocol team, some CAT20 market functions have been reopened, but the creation of new buy orders is restricted. Functions related to sell orders are unaffected, and existing sell orders can still be executed. UniSat specifically reminds users with existing buy orders to cancel their orders as soon as possible to avoid potential risks.The CAT Protocol team previously announced that they discovered and successfully prevented an attack attempt against the protocol, confirming that no user funds were lost.

ChainCatcher news, according to Bloomberg, if confirmed by the Senate, Scott Bessent, the U.S. Treasury Secretary chosen by President-elect Donald Trump, will resign from his position at Key Square Group and sell his stake in the partnership to avoid conflicts of interest.Scott Bessent disclosed assets worth at least $521 million in his personal financial disclosure, listing nine top-tier assets, all linked to his hedge fund. These include two batches of U.S. Treasury bonds, two Invesco funds, and open positions in foreign currency exchange rates. He also listed a personal investment of no more than $500,000, which is linked to the price of Bitcoin through an iShares exchange-traded fund. Like the assets he holds through Key Square Capital, Bessent will divest from the cryptocurrency-based ETF. According to his disclosure, Key Square Group will close at the end of March.Some of Scott Bessent's potential conflicts of interest will take longer to resolve. He has invested at least $250,000 in three funds that allow him to withdraw no more than 25% of his holdings each quarter. He will not be able to fully withdraw his holdings until the end of September, which is much longer than the usual 90-day disclosure window. Scott Bessent stated that he will avoid specific decisions that could have a predictable impact on stock values. Scott Bessent also listed residential real estate in the Bahamas valued at at least $5 million, as well as a collection of art and antiques worth at least $1 million.

ChainCatcher news, Zhao Changpeng stated on social media that Binance avoided losses of over $4 billion in 2024 by strengthening security measures.