Author: Deep Tide TechFlow
Yesterday's Market Dynamics
US February ADP Employment: 63K, Expected 50K, Previous 22K
According to Jinshi Data, US February ADP employment was 63K, the largest increase since November 2025, expected 50K, previous 22K.
US President Submits Nomination to Senate to Appoint Kevin Warsh as Chair of the US Federal Reserve Board
The US President has submitted a nomination to the Senate to appoint Kevin Warsh as Chair of the US Federal Reserve Board for a four-year term; simultaneously nominating him as a member of the Federal Reserve Board of Governors for a fourteen-year term, effective February 1, 2026. Warsh has stated that Bitcoin's price is too volatile to serve as a unit of account or payment instrument, but it could become a store of value asset like gold. He also believes cryptocurrencies should be viewed more as a software technology rather than true currency.
Major US Regulators Submit Crypto Industry Regulatory Plan to White House
According to Bloomberg, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have submitted a plan to the White House to regulate the cryptocurrency industry and prediction markets. Although specific details have not been disclosed, this is seen as one of the important measures of the Trump administration in financial market regulation.
This administrative step was taken after months of public statements from regulators and political wrangling in Congress and is expected to have long-term effects on the broader financial markets.
White House to Review New Prediction Market Measures Proposed by CFTC
According to Jinshi Data, the White House will review new prediction market measures proposed by the Commodity Futures Trading Commission.
Coinbase Announces Official Launch of Stock Trading Feature
According to an official announcement, Coinbase posted on social media that its stock trading feature is now officially live, thanking Nasdaq for its support. Eligible stocks offer extended trading hours of 24/5. Stock securities are provided by Coinbase Capital Markets (a FINRA member and SIPC member), while digital asset services are provided by Coinbase Inc. and affiliates.
Backpack Announces Launch of On-Chain IPO Subscription Service, Running on Solana
According to an official announcement, Backpack announced the launch of an on-chain IPO (Initial Public Offering) allocation function, allowing users to obtain IPO shares directly through the platform. This service is supported by infrastructure partner Superstate and runs on Solana. Users will achieve direct ownership of real stocks. A waitlist registration is currently open.
Sui Native Stablecoin USDsui Launches, Pledges to Return Asset Yields to Sui Ecosystem
According to CoinDesk, the Sui blockchain's native stablecoin, Sui Dollar (USDsui), launched today. The stablecoin is issued by Bridge, a stablecoin company acquired by payments giant Stripe last year. Yields generated from the underlying assets will be returned to the Sui ecosystem.
Mysten Labs co-founder Adeniyi Abiodun stated that yields generated from the bonds and liquid assets backing USDsui will be used to repurchase and burn SUI tokens or deployed to decentralized finance (DeFi) protocols and automated market makers to incentivize trading. This contrasts with the model of mainstream stablecoin issuers like Tether and Circle, who retain all yields.
Wall Street Journal: Kraken Becomes First Crypto Company Approved to Access Fed's Core Payment System
According to the Wall Street Journal, Kraken has become the first cryptocurrency company approved to access the Federal Reserve's core payment system.
MARA Holdings Clarifies Bitcoin Reserve Strategy, Denies Large-Scale Liquidation Plan
MARA Holdings VP of Investor Relations, Robert Samuels, clarified today that the company has no plans to sell the majority of its Bitcoin reserves. Previously, SwanDesk founder Jacob King erroneously claimed that MARA planned to liquidate its Bitcoin holdings. Samuels stated that MARA has merely expanded its financial strategy to allow flexible buying and selling based on market conditions and capital allocation priorities, not an intention to liquidate reserves. MARA currently holds 53,822 Bitcoins, worth approximately $4.7 billion, making it the largest publicly traded Bitcoin mining company.
Jiuzi Holdings Announces Plan to Acquire 10,000 Bitcoins for $1 Billion, Its Market Cap Only $1.18 Million
According to Globenewswire, US-listed Chinese company Jiuzi Holdings (Nasdaq: JZXN) announced a $1 billion plan to acquire 10,000 Bitcoins from strategic investors to strengthen its global cryptocurrency partnerships.
Notably, Tradingview data shows the company's market capitalization is only $1.18 million.
a16z Plans to Raise $2 Billion for Fifth Crypto Fund
According to The Block, venture capital giant Andreessen Horowitz (a16z) is planning to raise $2 billion for its fifth dedicated cryptocurrency fund, aiming to complete fundraising by the end of Q1 2026. The firm has previously raised over $7.6 billion through four crypto funds, including the $4.5 billion "Crypto Fund 4" in 2022.
Market Dynamics
Recommended Reading
Conversation with Tom Lee and 'The Big Short' Author: Buying Gold is Going Long on 'Global Anxiety', Crypto Bear Market is a Clearing Shakeout Before Institutions Seize Power
This article delves into hot topics in the current market, including the development of artificial intelligence (AI) and its impact on the market and society, the performance and future trends of gold and cryptocurrencies, the game between retail and institutional investors, and changes in Fed policy and the global economic landscape. Through a dialogue format incorporating views from multiple financial experts, the article analyzes current market opportunities and risks and explores the profound impact of technological change on society and the financial system.
From 6000 Points to Two 'Circuit Breakers': The Korean Stock Market Semiconductor Myth, Paused by a Middle Eastern Missile
This article details the recent severe volatility in the South Korean stock market due to tensions in the Middle East, analyzing the structural problems of the Korean stock market and the impact of energy dependence on its economy and stock market. It also discusses the "Korea Discount" phenomenon, foreign capital outflows, and retail investors buying the dip, pointing out that the Korean stock market's high reliance on the chip industry makes it vulnerable to external shocks.
March 4th Market Summary: US Stocks Slaughtered, Cryptocurrencies Show Resilience
This article primarily analyzes the performance of global markets against the backdrop of geopolitical conflict, including the plunge in US stocks, turmoil in energy markets, the decline of safe-haven asset gold, and the unexpected resilience shown by cryptocurrencies. It explores Bitcoin's performance in the current market environment and its potential as "digital gold," while analyzing potential future market trends.
Musk Creating Another Capital Myth? SpaceX IPO Approaches, Stock Volatility May Be Fiercer Than Tesla's
This article discusses the potential IPO of Musk's SpaceX in June 2026, with a valuation as high as $1.75 trillion. Market interest in SpaceX has grown year by year, but post-listing stock volatility is expected to be more intense than Tesla's. Starlink business will be the main revenue source, with SpaceX revenue projected to reach $150 billion by 2040. Although Musk's timelines are often delayed, investors are confident in his vision. SpaceX's listing may face higher volatility and high dependence on Musk.
Making Probability an Asset: Prediction Market Agent Outlook
This article provides an in-depth exploration of the current state of development, architecture design, strategy selection, risk control logic, and business models of Prediction Market Agents (PMAs). It analyzes industry trends in prediction markets and suggests that agents may become a new product form in the future, while proposing detailed recommendations for their ideal architecture, strategic framework, and commercialization path.
