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discussions on the US "CLARITY Act" have sparked a public debate between the banking industry and White House crypto policy officials. Christopher Williston VI, President of the Texas Independent Bankers Association, posted on the X platform openly stating that if the banking industry compromises on this bill, it will harm local lending and economic productivity, and said there will be no concession on liquidity issues supporting the local economy. In response, Patrick Witt, Executive Director of the White House Digital Assets Advisory Committee, stated that if no compromise is made on the "CLARITY Act," it means no restrictions will be placed on intermediaries providing stablecoin rewards. According to the banking industry's claim about "deposit outflows," this situation could have catastrophic consequences. This logic is "like watching an arsonist threaten to burn down their own house."

[Controversy surrounding the CLARITY bill intensifies: White House crypto officials refute claims that stablecoin rewards are causing bank deposit outflows.]discussions on the US "CLARITY Act" have sparked a public debate between the banking industry and White House crypto policy officials. Christopher Williston VI, President of the Texas Independent Bankers Association, posted on the X platform openly stating that if the banking industry compromises on this bill, it will harm local lending and economic productivity, and said there will be no concession on liquidity issues supporting the local economy. In response, Patrick Witt, Executive Director of the White House Digital Assets Advisory Committee, stated that if no compromise is made on the "CLARITY Act," it means no restrictions will be placed on intermediaries providing stablecoin rewards. According to the banking industry's claim about "deposit outflows," this situation could have catastrophic consequences. This logic is "like watching an arsonist threaten to burn down their own house."

Controversy surrounding the CLARITY bill intensifies: White House crypto officials refute claims that stablecoin rewards are causing bank deposit outflows.

&nbsp;according to the UK Financial Times, due to strong opposition from the creative industries, UK government ministers will delay controversial changes to copyright rules that would have made it easier for AI companies to access and use media content. A person familiar with the UK government's response to the two-month consultation said, "Copyright issues will be put on hold again." The consultation aims to gather opinions on how to regulate AI companies' access to copyrighted materials, and the government's official response is expected to be released within the next two weeks. Two insiders revealed that public feedback on the consultation did not support any of the government's proposed schemes for AI use of copyrighted materials. Ministers have therefore decided to reconsider the proposals, gather more evidence, and conduct a longer consultation on multiple options.

[The UK plans to postpone a key decision on AI-related copyright regulations.]&nbsp;according to the UK Financial Times, due to strong opposition from the creative industries, UK government ministers will delay controversial changes to copyright rules that would have made it easier for AI companies to access and use media content. A person familiar with the UK government's response to the two-month consultation said, "Copyright issues will be put on hold again." The consultation aims to gather opinions on how to regulate AI companies' access to copyrighted materials, and the government's official response is expected to be released within the next two weeks. Two insiders revealed that public feedback on the consultation did not support any of the government's proposed schemes for AI use of copyrighted materials. Ministers have therefore decided to reconsider the proposals, gather more evidence, and conduct a longer consultation on multiple options.

The UK plans to postpone a key decision on AI-related copyright regulations.

&nbsp;according to an analysis by a Washington D.C.-based think tank of the Pentagon's disclosed target strikes and assets used in operations, this war costs about $891.4 million per day. The Center for Strategic and International Studies (CSIS) predicts that as the U.S. shifts to using "cheaper munitions" and the number of drones and missiles launched by Iran decreases, the cost of the war will decline. CSIS added in its report: "However, future costs mainly depend on the intensity of operations and the effectiveness of Iran's counterattacks." CSIS's analysis shows that air, sea, and ground operations will be the largest expense items. Air operations are expected to cost $30 million per day, sea operations about $15 million per day. Meanwhile, ground operations cost $1.6 million per day. According to CSIS statistics, the first 100 hours of this war cost $3.7 billion.

[A US think tank estimates that the US war against Iran costs nearly $900 million per day.]&nbsp;according to an analysis by a Washington D.C.-based think tank of the Pentagon's disclosed target strikes and assets used in operations, this war costs about $891.4 million per day. The Center for Strategic and International Studies (CSIS) predicts that as the U.S. shifts to using "cheaper munitions" and the number of drones and missiles launched by Iran decreases, the cost of the war will decline. CSIS added in its report: "However, future costs mainly depend on the intensity of operations and the effectiveness of Iran's counterattacks." CSIS's analysis shows that air, sea, and ground operations will be the largest expense items. Air operations are expected to cost $30 million per day, sea operations about $15 million per day. Meanwhile, ground operations cost $1.6 million per day. According to CSIS statistics, the first 100 hours of this war cost $3.7 billion.

A US think tank estimates that the US war against Iran costs nearly $900 million per day.

&nbsp;Trump: The United States will consider new "destruction" areas and targets. Iran will suffer a "very heavy blow" today.

[Trump: Iran will suffer a "very heavy blow" today.]&nbsp;Trump: The United States will consider new "destruction" areas and targets. Iran will suffer a "very heavy blow" today.

Trump: Iran will suffer a "very heavy blow" today.

On March 7, according to Reuters, the U.S. Department of Defense announced the appointment of computer scientist Gavin Kliger as Chief Data Officer. Kliger previously assisted billionaire Elon Musk last year in promoting U.S. government reform. Gavin Kliger's new role "places him at the core of the department's most ambitious artificial intelligence efforts," primarily responsible for "the daily coordination and execution of the department's AI projects, and working directly with the U.S. advanced AI laboratories to support operational personnel."

[The U.S. Department of Defense appointed former DOGE official Gavin Kliger as Chief Data Officer.]On March 7, according to Reuters, the U.S. Department of Defense announced the appointment of computer scientist Gavin Kliger as Chief Data Officer. Kliger previously assisted billionaire Elon Musk last year in promoting U.S. government reform. Gavin Kliger's new role "places him at the core of the department's most ambitious artificial intelligence efforts," primarily responsible for "the daily coordination and execution of the department's AI projects, and working directly with the U.S. advanced AI laboratories to support operational personnel."

The U.S. Department of Defense appointed former DOGE official Gavin Kliger as Chief Data Officer.

The Financial Services Commission of South Korea is drafting the "Corporate Virtual Currency Trading Guidelines," which may exclude stablecoins from the allowed investment scope. The guidelines will outline the standards for listed companies and registered professional investment firms to trade digital assets for investment or financial purposes. To prevent blind investment in the early market, regulators have decided to exclude US dollar-denominated stablecoins (such as Tether (USDT) and USD Coin (USDC)) from the permitted investment scope.

[South Korea may ban companies from investing in stablecoins.]The Financial Services Commission of South Korea is drafting the "Corporate Virtual Currency Trading Guidelines," which may exclude stablecoins from the allowed investment scope. The guidelines will outline the standards for listed companies and registered professional investment firms to trade digital assets for investment or financial purposes. To prevent blind investment in the early market, regulators have decided to exclude US dollar-denominated stablecoins (such as Tether (USDT) and USD Coin (USDC)) from the permitted investment scope.

South Korea may ban companies from investing in stablecoins.

&nbsp;according to official news from Kite AI, Ehsan Yousefzadeh, former head of AI payments at PayPal, has officially joined Kite as Head of Product. Ehsan previously served as Senior Director and Head of Product for PayPal AI, leading the development of intelligent commerce, intelligent payment protocols, and native AI agents for PayPal and Venmo.

[Former PayPal AI payments lead joins Kite team as product lead]&nbsp;according to official news from Kite AI, Ehsan Yousefzadeh, former head of AI payments at PayPal, has officially joined Kite as Head of Product. Ehsan previously served as Senior Director and Head of Product for PayPal AI, leading the development of intelligent commerce, intelligent payment protocols, and native AI agents for PayPal and Venmo.

Former PayPal AI payments lead joins Kite team as product lead

according to Cointelegraph, the market value of tokenized euros has just surpassed 1 billion USD.

[The market capitalization of tokenized euros surpasses $1 billion.]according to Cointelegraph, the market value of tokenized euros has just surpassed 1 billion USD.

The market capitalization of tokenized euros surpasses $1 billion.

&nbsp;CryptoQuant analyst Axel posted on the X platform stating that Bitcoin may currently have entered the mid-stage of this bear market cycle. The NUPL–MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms usually appear around the 0.5 range. The chart shows an upward trend at the start of the bear market cycle, indicating that extreme selling is easing, but the indicator is still far above the historical bottom area, meaning a full market sell-off has not yet been confirmed.

[CryptoQuant analyst: Extreme selling has subsided, Bitcoin may be entering the middle of a bear market.]&nbsp;CryptoQuant analyst Axel posted on the X platform stating that Bitcoin may currently have entered the mid-stage of this bear market cycle. The NUPL–MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms usually appear around the 0.5 range. The chart shows an upward trend at the start of the bear market cycle, indicating that extreme selling is easing, but the indicator is still far above the historical bottom area, meaning a full market sell-off has not yet been confirmed.

CryptoQuant analyst: Extreme selling has subsided, Bitcoin may be entering the middle of a bear market.

According to Stellar, Franklin Templeton today announces the Franklin OnChain U.S. Government Money Fund (FOBXX) (the “Fund”) has surpassed $270 million in assets under management (AUM) as of March 31, 2021. The Fund’s transfer agent maintains the official record of share ownership via a proprietary blockchain-integrated system that currently utilizes the Stellar blockchain network for transaction activity. The Fund is the first U.S.-registered fund to use a public blockchain to process transactions and record share ownership, and is available via the Benji Investments app.

Detail

【Franklin Templeton announces Franklin OnChain U.S. Government Money Fund surpasses $270 million in assets under management】According to Stellar, Franklin Templeton today announces the Franklin OnChain U.S. Government Money Fund (FOBXX) (the “Fund”) has surpassed $270 million in assets under management (AUM) as of March 31, 2021. The Fund’s transfer agent maintains the official record of share ownership via a proprietary blockchain-integrated system that currently utilizes the Stellar blockchain network for transaction activity. The Fund is the first U.S.-registered fund to use a public blockchain to process transactions and record share ownership, and is available via the Benji Investments app.

Franklin Templeton announces Franklin OnChain U.S. Government Money Fund surpasses $270 million in assets under management

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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