Bitcoin Policy Institute Calls for Reform of U.S. Bitcoin Tax Rules

On March 13th, AI Auntie’s monitoring revealed that 25 minutes ago this morning, 27,000 ETH was deposited into a Binance address linked to trend research—with the same amount of ETH withdrawn shortly thereafter. This was followed by a repayment of an Aave loan, and 150 million USDC was redeposited into a centralized exchange (CEX). The deposit price was $2,063.72, while the withdrawal price was $2,146.91. If this transaction was indeed part of a short-selling operation funded by a loan, it would result in a loss of $2.246 million. Relevant wallet address: 0x25ff13e9e6574a67393101f65a4e23718b0cbeac.

On March 13, Bitcoin rebounded and broke above $73,000, per HTX market data, posting a 24-hour gain of 4.10%.

On March 13, the United Arab Emirates (UAE) said the country was targeted by 7 missiles and 27 drones last Friday. The same day, Abu Dhabi National Oil Company (ADNOC) set the official April selling price for Murban crude oil at $69.45 per barrel. Meanwhile, crypto influencer "Ling Wanwan's Cat" revealed that some Middle Eastern family offices have recently reached out to Singapore to plan fund transfers to the country. Several Dubai-based family offices have also begun discussing plans to set up operations there. However, any such funds entering Singapore must first go through compliance procedures, including background checks by the Monetary Authority of Singapore (MAS).

March 13 – Several European countries, including France and Italy, have held talks with Iran to secure safe passage for their ships through the Strait of Hormuz and restore Gulf energy transit, according to the Financial Times. Three officials familiar with the negotiations said multiple European nations are in preliminary discussions to resume oil and gas exports without escalating the conflict. Two noted France is among the participating countries; another added Italy is also seeking engagement with Iran on the issue. European governments have sought to avoid direct involvement in the conflict, with some criticizing initial U.S. and Israeli strikes on Iran. Still, they are deeply concerned that a prolonged strait blockade could drive up energy costs for businesses and households. One official also noted some European countries oppose engaging Iran. A UK official said Britain has not entered direct talks with Iran over strait access, but Foreign Secretary Dominic Raab—current

On March 13, crypto proprietary trading firm Velotrade—founded by former derivatives traders from JPMorgan, Dresdner Kleinwort, and Bank of America—announced the launch of its crypto prop trading platform. Traders on the platform can operate accounts ranging from $5,000 to $200,000 without using their own capital and receive a share of profits. Velotrade noted its team previously ran a fintech trade finance platform that has paid out $25 billion in total to clients since 2016. The new platform will exclusively support crypto asset trading, utilizing AI hedging tools and institutional liquidity bridging. It will sync real-market position replication with traders’ profits to build a business model tied to traders’ earnings, and offers up to 6x leverage for Bitcoin (BTC) and Ethereum (ETH).

March 13: US Q4 GDP growth revised sharply to 0.7% (from initial 1.4%), missing 1.5% market expectations — signaling a clear slowdown in economic momentum. Post-data, markets still expect the Federal Reserve’s first rate cut to come before September, but uncertainty lingers amid sticky inflation and Middle East-driven oil price gains. US January PCE: 0.3% month-over-month (2.8% year-over-year); core PCE (ex food/energy): 0.4% m/m (3.1% y/y) — a two-year high, with two straight months of 0.4% m/m increases, indicating persistent inflation stickiness.