Author: Deep Tide TechFlow
Yesterday's Market Dynamics
Trump Calls for Protection of U.S. Crypto Industry, Criticizes Banks for Blocking Related Bills
Trump today posted on the Truth Social platform, strongly criticizing banking institutions for attempting to undermine the "Genius Act" and obstruct the passage of the "Clarity Act." He stated that these bills are crucial to ensuring the U.S. becomes the "crypto capital" and warned that without action, the industry could move to other countries like China. Trump urged banks to reach an agreement with the crypto industry, emphasizing that this is in the best interest of the American people, and called for the swift completion of market structure reforms to allow "Americans to earn more from their funds."
CFTC Chair: U.S. to Pave the Way for Crypto Perpetual Contracts Within Weeks
According to CoinDesk, U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig stated that the agency is "working to land real, professional futures in the U.S. in about a month or so" and that "we expect to announce multiple policies very soon." Selig noted that the previous regulatory stance in the U.S. had led to a significant shift of perpetual futures business overseas.
While attending the Milken Institute event in Washington alongside U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins, Selig revealed that the two are advancing the "Project Crypto" plan, including providing "innovation exemptions" for crypto innovation and clarifying regulatory approaches for decentralized finance (DeFi) developers. Additionally, the CFTC will establish clear standards and guidelines for prediction markets.
Lido: ZKsync wstETH Cross-Chain Bridge Endpoint Has Security Vulnerability, Deposit Function Suspended
According to Lido, the protocol identified a potential security vulnerability related to the ZKsync wstETH cross-chain bridge endpoint contract. There is currently no evidence that the vulnerability has been exploited, and wstETH holders on ZKsync are unaffected. Other cross-chain bridges are also unaffected.
Out of an abundance of caution, Lido has suspended new deposits to the ZKsync cross-chain bridge. Withdrawals and token transfers from ZKsync remain operational.
Lido has prepared a fix, which will be audited and deployed after the next scheduled on-chain governance comprehensive vote (expected in late March/early April), after which deposit functionality will be restored. Lido stated that further updates will be shared in due course.
Aave Chan Initiative to End Collaboration with Aave DAO in July, Governance Tensions Escalate Further
According to The Block, the Aave Chan Initiative (ACI), founded by Marc Zeller and serving as a major delegate and service provider for Aave DAO, announced it will not renew its collaboration with the DAO and plans to gradually terminate services over the next four months. This move follows the earlier announcement by another core contributor, BGD Labs, to withdraw, marking another key contributor stepping away as internal governance tensions within Aave continue to escalate. ACI's decision further highlights the governance challenges facing Aave's decentralized autonomous organization.
Visa to Partner with Stripe's Bridge to Expand Stablecoin Cards to Over 100 Countries Globally
According to Fortune, Visa and Bridge, a cryptocurrency startup acquired by Stripe in 2025, plan to expand stablecoin-backed card services to 100 countries in Europe, Asia, and Africa. This collaboration, previously implemented in 18 countries, allows users to make payments at Visa-accepting merchants using stablecoin balances from their crypto wallets.
Bridge co-founder and CEO Zach Abrams stated that the strong merchant network and acceptance built by Visa over the past 40 years remain highly valuable in the stablecoin world. Additionally, Bridge will participate in an ongoing Visa pilot project exploring the feasibility of using stablecoins on blockchain for payment settlements instead of traditional bank transfers.
Visa's head of cryptocurrency, Cuy Sheffield, said: "If we can move billions on-chain, we can move trillions on-chain."
American Bitcoin Adds 11,298 ASIC Miners, Expected Hashrate to Increase by 12%
According to Prnewswire, American Bitcoin plans to expand its Bitcoin mining capacity by adding 11,298 ASIC miners. This expansion is expected to increase the company's hashrate by approximately 12%.
Empery Digital Responds to Shareholder Demand: Will Not Liquidate Bitcoin Assets
Empery Digital Inc. (Nasdaq: EMPD) today confirmed receipt of a director nomination notice from ATG Capital Management and Tice P. Brown. The company clearly stated that it has evaluated and rejected Mr. Brown's proposal to immediately liquidate the entire Bitcoin investment portfolio, believing it is not in the best interest of all shareholders. Empery Digital emphasized that adhering to the existing strategy has increased Bitcoin per share by approximately 39%, and adopting the liquidation proposal would prevent shareholders from benefiting from Bitcoin's value appreciation.
The company will continue to execute its low-cost, high-efficiency Bitcoin financial strategy, increasing Bitcoin per share value by repurchasing shares below net asset value and narrowing the NAV gap. The board will submit formal recommendations at the upcoming 2026 Annual Shareholders Meeting.
Previous news reported that shareholders of Bitcoin treasury company Empery Digital publicly demanded the CEO's resignation and the liquidation of all BTC.
MARA Modifies Asset Management Strategy, Allows Sale of Bitcoin Held on Balance Sheet
According to The Block, Bitcoin mining company MARA Holdings announced in a 10-K filing with the U.S. Securities and Exchange Commission on Monday an expansion of its 2026 fiscal policy to allow the sale of its accumulated Bitcoin reserves.
As of December 31, 2025, MARA held 53,822 Bitcoin, valued at approximately $4.7 billion, including 9,377 Bitcoin loaned out and 5,938 Bitcoin used as collateral for a $350 million credit facility. MARA stated in the filing: "In the second half of 2025, we changed our digital asset management strategy to allow the sale of Bitcoin generated from operations. In 2026, we expanded the strategy to allow the sale of Bitcoin held on the balance sheet."
Antalpha Discloses Purchase of $134 Million Worth of Tether Gold
According to Globenewswire, Nasdaq-listed crypto fintech company Antalpha released its 2025 annual financial performance report, disclosing annual revenue of $79.7 million, a 68% year-over-year increase. Additionally, Antalpha stated that after strategically allocating funds to tokenized gold, it has purchased Tether Gold (XAUT) worth $134 million. As of the end of 2025, its holdings reached 39,371 XAUT, with an unrealized gain of $13.4 million. Antalpha also mentioned that XAUT can be exchanged for physical gold through its Antalpha RWA Hub.
Hash Global Secures Additional $100 Million Strategic Support from YZi Labs
According to an official announcement, Hash Global, a leading digital asset investment management institution in Asia, announced that its newly established BNB Yield Fund institutional edition — BNB Holdings Fund — has received an additional $100 million in strategic support from YZi Labs.
This follows YZi Labs' previous support for Hash Global's launch of the BNB Yield Fund targeting traditional distribution channels and individual investors, representing a further strategic increase.
This additional investment not only reflects the continued deepening of the partnership between the two parties but also marks the formal entry of BNB's institutionalization process into a structurally deepening phase.
SoftBank-Backed PayPay Plans U.S. IPO to Raise $1.1 Billion, Holds 40% Stake in Binance Japan
According to CoinDesk, Japan's largest cashless payment provider, PayPay, plans to list on Nasdaq, intending to issue 55 million American Depositary Shares at a price range of $17 to $20 per share, potentially raising up to $1.1 billion, with a valuation exceeding $10 billion. The company has over 70 million registered users and acquired a 40% stake in Binance Japan last October.
Market Trends
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