The popular AI framework Virtuals Protocol will host an in-person meet-up in Hong Kong on Friday, January 17.

On March 2, JPMorgan Chase analysts said U.S. cryptocurrency market structure legislation could pass by mid-year, with expectations it will boost the market in the second half of 2024. The proposed **CLARITY Act** aims to establish a digital asset classification framework, labeling tokens as either: - "Digital commodities" (overseen by the Commodity Futures Trading Commission, CFTC), or - "Digital securities" (regulated by the Securities and Exchange Commission, SEC). The House of Representatives has advanced related bills, while the Senate remains in negotiations. Key sticking points include: - Crypto firms want to offer returns or reward mechanisms for stablecoins, but the banking industry worries this could trigger deposit outflows; - Democratic lawmakers are pushing for stricter conflict-of-interest rules covering senior officials and their family members (including the President) regarding holdings and related-party transactions. Highlights of the legislation incl

March 2nd — Data from Coinbob Popular Address Monitor shows the Ethereum (ETH) long position of "Sidekick" investor Huang Licheng was liquidated: 1,212 ETH (valued at ~$2.28 million) was wiped out, resulting in a ~$198,000 loss. The contract account linked to the address now holds just ~$9,289.27. Subsequently, the address opened a new ETH long position using the remaining ~$10,000, with a liquidation price of $1,927. A second liquidation would mark the failure of this ~$250,000 fund rotation "game." Over the past 5 months, the address has made 164 long attempts across various coins (19 on ETH), with a net deposit of ~$15.68 million to Hyperliquid. Almost every incoming transaction has ended in a loss.

On March 2, per The New York Times, former President Trump said in an interview the U.S. military could sustain attacks on Iran for four to five weeks if needed, noting Israel and the U.S. would have “no difficulty” keeping the conflict’s intensity. He also warned U.S. troops could face additional casualties. When asked about a power transition plan, Trump said he hoped Iran’s elite forces—including senior Islamic Revolutionary Guard Corps (IRGC) officers, who hold major sway in the current regime and benefit from it—would turn over their weapons to the Iranian people. During a roughly six-minute chat, he also noted he has three “very good” candidates to lead Iran but declined to name them. He repeatedly cited his Venezuela experience, suggesting he thinks tactics that worked there could work for Iran. He also said he’d lift U.S. sanctions on Iran if new Iranian leadership acts pragmatically and cooperatively. However, he did not detail how— or whether— his administration would d

March 2 — SpaceX is set to file a confidential IPO application with the U.S. SEC as early as this March, targeting a public listing in June. The company’s valuation is expected to exceed $1.75 trillion, with a maximum fundraising target of up to $50 billion—potentially breaking Saudi Aramco’s 2019 IPO record of $29 billion. On-chain data shows SpaceX currently holds approximately 8,285 Bitcoin via Coinbase Prime, with a current market value of around $545 million. That’s down roughly $235 million from its book value three months ago, when Bitcoin traded at ~$92,500 and the holdings were worth ~$780 million. If listed successfully, SpaceX will disclose Bitcoin-related gains or losses in its S-1 filing and subsequent financial reports, facing similar crypto volatility and public scrutiny as Tesla. Historical data indicates SpaceX’s Bitcoin holdings have dropped sharply since nearing a $2 billion market value in 2021. Over the past two years, their value has fluctuated between ~$

On March 2nd, Arthur Hayes published his latest article, “iOS Warfare,” which leverages the U.S.’s escalating military actions against Iran to analyze the potential interplay between war, Federal Reserve policy, and the crypto market. Hayes notes that since the 1990 Gulf War and 2001 “War on Terror,” the Federal Reserve has typically responded in the aftermath of U.S. military launches or escalations in the Middle East by cutting interest rates or injecting liquidity to offset economic impacts. He argues that continued escalation of the Iran issue by the Trump administration could create fiscal pressure and financial market volatility—providing “political cover” for the Fed to further cut rates or restart easing policies. Hayes frames his logic simply: longer wars bring higher costs, increasing the likelihood of Fed monetary policy loosening. Cheaper, more abundant dollar liquidity typically benefits risk assets—including Bitcoin. For trading strategies, Hayes advises investor

On March 2, a day later, Musk again retweeted X product manager Nikita Bier’s related post, which noted X’s usage had hit a new all-time high. BlockBeats reported yesterday that Musk quoted Bier’s tweet—where she stated “Today is X’s highest-traffic day in history”—to declare, “X has the highest usage ever.”