EncryptionChapterThree

The SEC and CFTC jointly issued landmark regulatory guidance, classifying crypto assets into five categories: digital commodities, digital collectibles, digital tools, payment stablecoins, and digital securities. The guidance clarifies that the first four categories are not securities, with only tokenized forms of traditional securities subject to securities law.
This move is truly "historic"—it completely ends the ambiguity of the Gensler era's stance that "most tokens are securities" and the years-long chaos of "enforcement as regulation." Now, Bitcoin, Ethereum, and others are classified as

Kalshi Announces "Perfect Prediction" Challenge: Win $1 Billion if You Successfully Predict All 63 NCAA Basketball Tournament Games in 2026. This seemingly entertainment-focused marketing campaign actually signals strong momentum in the prediction market track's accelerated growth.
The $1 billion prize pool is certainly eye-catching, but what deserves more attention is Kalshi's chosen timing—2026. By then, not only will there be world-class sporting events like the World Cup and Winter Olympics, but the U.S. midterm elections will also generate substantial political prediction demand. On the s

Yesterday, BNB Chain lending protocol Venus Protocol suffered a carefully orchestrated attack. An address funded from Tornado Cash manipulated the price of low-liquidity token THE, triggering a cascade of liquidations. The attacker leveraged approximately $9.92 million in operations to ultimately extract about $5.07 million in assets from Venus, leaving behind $2.15 million in bad debt. This marks another major security incident for Venus since 2021.
This event once again exposes structural risks in the DeFi space—the combination of low-liquidity tokens and delayed oracles remains a breeding g

Polymarket's crypto section has recently added DOGE, BNB, and HYPE price predictions. The evolution from initial popular event betting to covering mainstream tokens and even 5-minute price fluctuation predictions is worth contemplating.
The core change lies in product differentiation. Unlike traditional futures, Polymarket's 5-minute predictions employ binary options, fixed odds, and no liquidation mechanism. Users simply buy shares of "up" or "down," with results revealed after 5 minutes—winners receive 10x returns, losers lose their principal cleanly. Data shows that within less than a month

Bitcoin spot ETFs recorded net inflows of $180 million yesterday, achieving consecutive net inflows for 5 days. What deserves attention about this data is: this is not short-term speculation, but sustained institutional allocation behavior. BlackRock's IBIT contributed $144 million in a single day, accounting for 80% of total inflows, demonstrating that traditional financial giants are accelerating their deployment.
Against the backdrop of escalating U.S.-Iran tensions, oil prices breaking $100, and global equity markets under pressure, capital's continuous inflows into Bitcoin ETFs sent a cle

U.S. stocks opened higher but closed lower yesterday, with the Dow falling 739 points and the Nasdaq declining 1.78%. Spot gold plummeted intraday and broke below $5,090, while silver fell over 4% during the day; crypto-related stocks collectively gave back gains, with Coinbase dropping 2.71%; meanwhile, Brent crude oil stood firmly above $100 for the second consecutive day, reaching its highest level in over three years.
This seemingly contradictory market phenomenon actually points to a single core variable — oil prices have been upgraded to the "master price switch" for global assets.
The S

The US-Iran conflict continues to escalate, with warfare now spreading to Dubai. On March 12, the landmark hotel at Dubai Creek Harbor was struck by a drone, with massive holes smashed through its walls; previously, Dubai International Airport and the Burj Al Arab and other facilities had been successively affected. In response, the TOKEN2049 Dubai Summit originally scheduled for next month has announced a postponement to April 2027.
Dubai was once a "safe haven oasis" in the eyes of the crypto industry — its neutral stance, open policies, and luxurious infrastructure attracted blockchain prof

Coinbase Bitcoin premium index positive for two consecutive days, now at 0.0231%, with 5 out of the past 10 trading days in positive premium territory. This data deserves attention—the index previously remained in negative premium for 40 consecutive days, indicating sustained selling pressure in the US market.
The positive signals released since Paul Atkins took office are gradually converting into actual buying sentiment. The 40 days of negative premium were largely a risk-aversion reaction to enforcement pressure during the Gensler era; now consecutive positive premium may suggest the most p

CPI data will be released again tonight. Given the current geopolitical conflict environment, gold and crude oil will rise when they go up and fall when they go down. Even with the data released, the interest rate on the 19th is very likely to stay unchanged. So, how can we know whether the crypto market will go up or down? Maybe it's better not to bet on the direction and wait until it settles before making a move.
#Trump says Iran conflict is nearing its end
$PIXEL

CPI data will be released again tonight. Given the current geopolitical conflict environment, gold and crude oil will rise when they go up and fall when they go down. Even with the data released, the interest rate on the 19th is very likely to stay the same. So, we still can't tell whether the crypto market will go up or down. Maybe it's better to wait until things settle before making any moves.
#Trump says Iran conflict is nearing its end
$PIXEL

Crypto trading firm QCP Capital states: While geopolitical issues are headline news, the real driver of the market is actually oil prices. This assessment accurately reveals the core logic of current global asset pricing—oil prices have shifted from a "risk event" to a "macro variable."#特朗普15%全球关税将于本周生效
If the Strait of Hormuz remains blocked, every $10 increase in crude oil prices per barrel will add approximately 0.3-0.5 percentage points to global inflation. The US February CPI has already shown signs of rebound, and further oil price increases will directly lock in the Federal Reserve's "

Amid the ongoing tensions in the Strait of Hormuz and the sharp fluctuations in global stock markets, Bitcoin spot ETFs recorded approximately $1.1 billion in net inflows over three trading days from March 2 to 4. This data indicates that—when traditional safe-haven assets like gold and silver are being sold off—institutional funds are choosing to increase their positions in Bitcoin against the trend. As market confidence in the traditional financial system wavers, some institutions are beginning to test Bitcoin's "non-sovereign safe-haven" properties. #加密市场反弹
Although the liquidity depth of

Due to the escalation of the Middle East situation, the Korea KOSPI index plummeted by 12% intraday, experiencing two consecutive days of sharp declines and circuit breakers. Why has it become the most severely impacted market globally?#中东局势升级
South Korea is the world's fourth-largest oil importer, with about 70% of its oil imported from the Middle East. If the Strait of Hormuz is blocked, it directly cuts off Korea's "energy artery" of the economy. Rising oil prices not only push up inflation and erode corporate profits but also put pressure on the Korean won exchange rate—yesterday, the Kor

Satoshi Nakamoto, the father of cryptocurrency

Due to the escalation of the Middle East situation, spot gold has fallen below $5090/oz, with a daily decline of 4.36%; spot silver has plummeted by 12.00%, breaking below $79/oz. #贵金原油价格飙升
This trend seems counterintuitive — geopolitical conflicts should boost safe-haven assets, yet gold and silver are experiencing significant sell-offs. Why might this be?
It is likely because the geopolitical conflict in the Middle East has driven up oil prices, which in turn has suppressed gold prices. The disruption of shipping through the Strait of Hormuz has caused oil prices to soar, leading the market

After the United States and Israel launched attacks on Iran, the Deputy Governor of the Bank of Japan, Shinichi Ichimura, did not release any clear signals regarding a rate hike in the short term in his latest speech today, only emphasizing "the need to closely monitor the situation in the Middle East."
Market data shows that the likelihood of the Bank of Japan raising interest rates at the March 19 policy meeting has become negligible, with overnight index swap pricing indicating only a 6% chance of a rate hike that month.
For the global economy, this "rate hike delayed by war" serves as a wa

Affected by the escalation of the Iran conflict, the crypto market experienced intense volatility yesterday. Bitcoin once dropped 3.8% to $63,038, and risk aversion sentiment in the market clearly increased. However, this morning, Bitcoin quickly rebounded and broke through $68,000, demonstrating strong resilience. This phenomenon reflects the dual nature of crypto assets under geopolitical conflicts: in the short term, they are still constrained by global market risk aversion, with investors tending to sell risk assets for cash in the face of uncertainty; but in the medium to long term, the n

Current SEC Chair Paul Atkins stated at the University of Texas, directly addressing the core issue during former Chair Gary Gensler's tenure: applying traditional regulatory frameworks rigidly to crypto innovation, causing the US to miss development opportunities. He criticized this "failure to adapt to innovation" approach and made it clear that efforts are underway through establishing special task forces and withdrawing certain lawsuits to "regain progress."
This stance signals a positive shift: regulation is moving from "enforcement over regulation" to "rules that promote innovation." For

Why did it drop again? Didn't they say the bulls were starting? I've already gone all in, are you going to make me get wiped out again? If I get wiped out again, I might as well jump off the roof.
‍$SOL
‍#BTC能否重返7万美元？

The number of initial jobless claims for the week ending February 21 in the United States will be announced tonight at 21:30, with the previous value at 206,000 and the expected at 215,000. #加密市场反弹 It has become inevitable, and the bears probably need to lay low for a while. $SOL