Zhao Changpeng remains Binance's largest shareholder Russia agrees to a 30-day ceasefire
Reprinted from jinse
03/14/2025·1MHeadlines
▌Wall Street Journal: Zhao Changpeng remains Binance 's largest shareholder
According to the Wall Street Journal, Zhao Changpeng is still Binance's largest shareholder (Zhao, widely known as CZ, remains Binance's largest shareholder), and Binance admitted to violating US anti-money laundering laws in 2023. Previous news, people familiar with the matter revealed that representatives of the Trump family have held negotiations on a stake in the cryptocurrency exchange Binance US branch, aiming to explore business development.
▌Putin : Russia agrees to a 30-day ceasefire
Putin said that Russia agreed to a 30-day ceasefire, but Russia currently has an advantage in the front line of Kursk. Whether the Ukrainian army retreats without any injury or surrenders on the spot, these issues need to be resolved. Putin also said that further discussion is needed on how all parties supervise the ceasefire and how to resolve many details. Putin said he may communicate with Trump on the above issues. (CCTV News)
Quotes
As of press time, according to Coingecko data,
BTC's recent transaction price is US$81,323.71, up and down -2.7% intraday;
ETH's latest transaction price is US$1,876.35, with an intraday increase and decrease of -1.6% ;
BNB's recent transaction price is US$577.04, with an intraday increase of +0.8% ;
SOL's recent transaction price is US$123.46, with an intraday increase and decrease of -2.2% ;
DOGE's recent transaction price is US$0.1653, with an intraday increase and decrease of -3.7% ;
XPR's recent transaction price is US$2.26, with an intraday increase and decrease of +1.2 % .
policy
▌Turkey introduces new regulations to strengthen cryptocurrency supervision
Türkiye is pushing for cryptocurrency regulation and putting new regulations on crypto asset service providers (CASPs). On March 13, the Turkish Capital Markets Commission (CMB) released two regulatory documents on CASP licensing and operations, covering crypto trading platforms, custodians and wallet service providers. This regulatory framework gives CMB full regulation of encryption platforms to ensure that it complies with domestic and international standards. In addition, the framework also sets standards and requirements for the establishment and provision of crypto asset services in Türkiye, including registered capital, management background, shareholder rules, etc.
▌U.S. Senate Banking Committee votes to pass bills aimed at regulating stablecoin issuers
The U.S. Senate Banking Committee has advanced the crypto industry stablecoin regulation bill, an important first step in sending the bill to President Donald Trump to sign into law. With the first committee approval, the bill that will regulate U.S. stablecoin issuers at the federal level, now needs to be passed by the Senate as a whole, and the House has a similar version awaiting approval. While there are still many obstacles to overcome, including the eventual merger of different bills from both houses, the bill has passed the committee's deliberations by a 18-6 vote.
▌The US Treasury Department meets with three crypto companies to discuss Bitcoin reserve custody plan
People familiar with the matter revealed that the U.S. Treasury Department met with executives of three crypto custodian companies this week to discuss how to keep the national strategic bitcoin reserves. Anchorage Digital is one of the institutions participating in the conference. Anchorage CEO Nathan McCauley said Treasury officials conducted detailed inquiries on best practices for Bitcoin’s national reserves and digital asset custody, and explored how custody can affect stablecoins and market structures. Congressional sources said that the Treasury Department is currently in the research stage and has not yet formed a clear position, but is actively seeking opinions from industry insiders. Currently, third-party institutions tend to custody government Bitcoin reserves, and the long-term goal is to ultimately achieve self-custody by the government. As for the various types of seizure digital assets controlled by the government, they may still need to rely on third-party custody for a long time. The U.S. Treasury Department did not comment.
▌U.S. Senate Banking Committee promotes the Financial Integrity and Regulatory Administration Act
The U.S. Senate Banking Committee launched the Financial Integrity and Regulation Management Act on Thursday with a 13-11 vote. The bill would prohibit federal regulators from using reputational risk as an assessment factor in financial regulation. In addition, the Commission has made a series of amendments to the bill, including adjusting regulatory approaches through managerial programs to ensure that bank regulation is adapted to its risk profile and business model.
Blockchain application
▌ Coinbase International Station will launch REZ, GRASS, and RARE perpetual contracts
According to the official announcement, Coinbase International Exchange and Coinbase Advanced will launch REZ, GRASS, and RARE perpetual contracts.
▌ Jupiter announces the launch of the Solana ecological token like function
According to official news, Jupiter announced the launch of a new community verification system, where users can support Solana ecological tokens with one click by clicking the "Like" button. When it was first launched, only X-verified accounts or smart accounts can click “Like”. The user's X account is not linked to its associated wallet.
Cryptocurrency
▌ CZ: Wall Street Journal reports distorting facts and has not discussed the Binance US deal
Binance CZ posted on the X platform that the Wall Street Journal reported distorting the facts and they worked hard to make up a story to report that they have not discussed the Binance US deal with anyone. No felon would mind pardoning, and it feels like the motivation for this article is to attack President Trump and cryptocurrency, and the remnants of the last U.S. administration’s “cryptocurrency war” are still in play. It's great to see that even the Wall Street Journal thinks I should be pardoned.
▌People insider: Trump 's crypto project WLFI has discussed with Binance about the possibility of cooperating with stablecoins
Four people familiar with the matter revealed that Trump's crypto project WLFI has discussed cooperation with Binance Holdings Ltd., the world's largest digital asset trading platform. The Binance founder has previously admitted that he has failed to take the necessary measures to prevent terrorists and entities in sanctioned countries from using their services. It is unclear at what stage these discussions will progress or whether a deal or partnership will eventually be concluded. The people familiar with the matter asked to be anonymous because the negotiations were private matters. Two of them said the discussion included Binance's possible collaboration with WLFI to develop a stablecoin, a cryptocurrency pegged to the US dollar. Trump and his son have been promoting the company since September last year, and according to its founding documents, the Trump family can earn three-quarters of the net income of WLFI.
Important economic trends
▌Wall Street sets off a gold rush, but investors should be vigilant
Analyst Karishma Vanjani said Wall Street is setting off a gold rush, but investors should be careful. JPMorgan Chase and Goldman Sachs recommend continuing to hold gold, with Baba just raising its forecast for gold prices, and BlackRock has been recommending buying gold to diversify its portfolio for months. So far, these suggestions are correct. But this is not without risks. First of all, considering that it has been in a bull market since September 2022, gold can be said to be overvalued. This increases the possibility that gold prices have largely reflected the potential of this period and are therefore prone to pullbacks. These gains may attract early investors to sell to lock in profits. Second, gold may also struggle when the U.S. government’s efforts to reform the federal government have proven to be successful. Furthermore, economic growth is negatively correlated with gold. When the economy is booming, investors tend to favor riskier assets such as stocks rather than gold that loses its appeal.
▌The United States will impose more sanctions on Russia 's oil, gas and banking sectors
According to CBS, the United States will impose more sanctions on Russia's oil, gas and banking industries.
Golden Encyclopedia
▌What is a cold wallet?
Cold wallet is a cryptocurrency storage method that stays offline and disconnects from the internet. This setup makes it more difficult for hackers to access funds remotely. Examples include: hardware wallets (such as Ledger, Trezor), paper wallets, isolated computers (devices that have never been connected to the internet).
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
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