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China's central bank: China's gold reserves at the end of February were 74.22 million ounces (about 2308.5 tons), an increase of 30,000 ounces (about 0.93 tons) month-on-month, compared to 74.19 million ounces (about 2307.567 tons) at the end of January, marking the 16th consecutive month of gold accumulation.

[The People's Bank of China has increased its gold reserves for the 16th consecutive month.]China's central bank: China's gold reserves at the end of February were 74.22 million ounces (about 2308.5 tons), an increase of 30,000 ounces (about 0.93 tons) month-on-month, compared to 74.19 million ounces (about 2307.567 tons) at the end of January, marking the 16th consecutive month of gold accumulation.

The People's Bank of China has increased its gold reserves for the 16th consecutive month.

On March 7, according to market news, Nevin Shetty (42), a man from Washington State, USA, secretly transferred $35 million of company funds to his own DeFi platform HighTowerTreasury while serving as CFO of a private software company. He invested in a high-yield lending protocol, but the funds were almost wiped out due to the Terra crash. The incident led to the company laying off 60 employees and nearly going bankrupt. Shetty was convicted of four counts of wire fraud, sentenced to two years in prison, ordered to pay $35 million in restitution, and will be under supervision for three years after release, during which he is prohibited from holding any executive position in any company without approval.

[A US CFO who embezzled $35 million from his company to invest in DeFi was sentenced to two years in prison.]On March 7, according to market news, Nevin Shetty (42), a man from Washington State, USA, secretly transferred $35 million of company funds to his own DeFi platform HighTowerTreasury while serving as CFO of a private software company. He invested in a high-yield lending protocol, but the funds were almost wiped out due to the Terra crash. The incident led to the company laying off 60 employees and nearly going bankrupt. Shetty was convicted of four counts of wire fraud, sentenced to two years in prison, ordered to pay $35 million in restitution, and will be under supervision for three years after release, during which he is prohibited from holding any executive position in any company without approval.

A US CFO who embezzled $35 million from his company to invest in DeFi was sentenced to two years in prison.

SPDR Gold Shares (GLD), the world's largest gold exchange-traded fund (ETF), experienced an astonishing net outflow of $2.91 billion on Wednesday. This figure not only set a new single-day outflow record for the fund since its establishment in 2004 but also marked the largest single-day escape in the past decade.

[GLD saw a single-day outflow of $2.91 billion, setting a ten-year record.]SPDR Gold Shares (GLD), the world's largest gold exchange-traded fund (ETF), experienced an astonishing net outflow of $2.91 billion on Wednesday. This figure not only set a new single-day outflow record for the fund since its establishment in 2004 but also marked the largest single-day escape in the past decade.

GLD saw a single-day outflow of $2.91 billion, setting a ten-year record.

&nbsp;according to Onchain Lens monitoring, a whale address "0x218A" deposited 2.18 million USDC into HyperLiquid and opened a 10x leveraged short position on ETH.

[A whale deposited 2.18 million USDC into HyperLiquid and shorted ETH with 10x leverage.]&nbsp;according to Onchain Lens monitoring, a whale address "0x218A" deposited 2.18 million USDC into HyperLiquid and opened a 10x leveraged short position on ETH.

A whale deposited 2.18 million USDC into HyperLiquid and shorted ETH with 10x leverage.

On March 7, according to people familiar with the matter, the two top Wall Street regulatory agencies, the CFTC and the SEC, are discussing plans to move into the same building complex in Washington, just steps away from the U.S. Capitol. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regulate different markets, and according to these sources, the plan will not merge the two, but they are discussing moving the CFTC into the same building complex currently occupied by the SEC, which is located near Union Station. This relocation plan has been under discussion since last year, and according to these sources, it may not be implemented until as early as 2027. The General Services Administration, the agency responsible for overseeing federal real estate, is also involved in these discussions.

[Bloomberg: The US CFTC may relocate to share offices with the SEC, but the two agencies will not merge.]On March 7, according to people familiar with the matter, the two top Wall Street regulatory agencies, the CFTC and the SEC, are discussing plans to move into the same building complex in Washington, just steps away from the U.S. Capitol. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regulate different markets, and according to these sources, the plan will not merge the two, but they are discussing moving the CFTC into the same building complex currently occupied by the SEC, which is located near Union Station. This relocation plan has been under discussion since last year, and according to these sources, it may not be implemented until as early as 2027. The General Services Administration, the agency responsible for overseeing federal real estate, is also involved in these discussions.

Bloomberg: The US CFTC may relocate to share offices with the SEC, but the two agencies will not merge.

U.S. Department of State: Approved the sale of ammunition and ammunition support worth approximately $151.8 million to Israel, approval has been granted.&nbsp;

[The U.S. State Department approved the sale of approximately $151.8 million worth of foreign military equipment to Israel.]U.S. Department of State: Approved the sale of ammunition and ammunition support worth approximately $151.8 million to Israel, approval has been granted.&nbsp;

The U.S. State Department approved the sale of approximately $151.8 million worth of foreign military equipment to Israel.

according to Fox News: The third US Navy carrier strike group led by the aircraft carrier "George H.W. Bush" is preparing to deploy to the Middle East "soon."

[The U.S. Navy's third carrier strike group, led by the aircraft carrier USS George H.W. Bush, is preparing to deploy to the Middle East "soon".]according to Fox News: The third US Navy carrier strike group led by the aircraft carrier "George H.W. Bush" is preparing to deploy to the Middle East "soon."

The U.S. Navy's third carrier strike group, led by the aircraft carrier USS George H.W. Bush, is preparing to deploy to the Middle East "soon".

on the evening of the 6th local time, the Islamic Revolutionary Guard Corps of Iran launched a joint drone and missile strike on targets in Israel and U.S. military bases in the region, initiating the 23rd round of the "Real Promise 4" military operation.

[Iran launches the 23rd round of Operation True Commitment 4.]on the evening of the 6th local time, the Islamic Revolutionary Guard Corps of Iran launched a joint drone and missile strike on targets in Israel and U.S. military bases in the region, initiating the 23rd round of the "Real Promise 4" military operation.

Iran launches the 23rd round of Operation True Commitment 4.

according to Onchain Lens monitoring, a whale sold its held tokens and exchanged them for Wrapped Bitcoin (WBTC) **4 days ago, and now has repurchased 1,733 Tether Gold (XAUT) at a price of 8.9 million USDC, or 5,140 USD each.

[A whale repurchased 1,733 XAUTs for 8.9 million USDC.]according to Onchain Lens monitoring, a whale sold its held tokens and exchanged them for Wrapped Bitcoin (WBTC) **4 days ago, and now has repurchased 1,733 Tether Gold (XAUT) at a price of 8.9 million USDC, or 5,140 USD each.

A whale repurchased 1,733 XAUTs for 8.9 million USDC.

According to Reuters, digital stablecoin tether is winning the race for the title of the crypto world's "least risky" asset.
As a regional U.S. banking crisis widens and a regulatory crackdown on crypto firms deepens, investments within the cryptosphere are moving into tokens and coins perceived as relatively safe.
Tether is already the top performer among stablecoins -- digital tokens pegged to some fiat asset like the dollar -- and has seen its market value soar since March.
Its value is anchored by a 1-to-1 peg against a cache of dollars and a supply cap at around 85 billion tokens. Demand for the coin has been so strong that its peg has held above 1 since mid-April, hitting 1.002 last week.
"The banking crisis is fuelling 'hyper-bitcoinisation' - the inevitable endgame that the dollar will be worthless," said Anders Kvamme Jensen, Oslo-based founder of the AKJ global brokerage and digital asset specialist.

Detail

【Tether gets a lift from stability doubts】According to Reuters, digital stablecoin tether is winning the race for the title of the crypto world's "least risky" asset.
As a regional U.S. banking crisis widens and a regulatory crackdown on crypto firms deepens, investments within the cryptosphere are moving into tokens and coins perceived as relatively safe.
Tether is already the top performer among stablecoins -- digital tokens pegged to some fiat asset like the dollar -- and has seen its market value soar since March.
Its value is anchored by a 1-to-1 peg against a cache of dollars and a supply cap at around 85 billion tokens. Demand for the coin has been so strong that its peg has held above 1 since mid-April, hitting 1.002 last week.
"The banking crisis is fuelling 'hyper-bitcoinisation' - the inevitable endgame that the dollar will be worthless," said Anders Kvamme Jensen, Oslo-based founder of the AKJ global brokerage and digital asset specialist.

Tether gets a lift from stability doubts

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

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