Lookonchain APP

App Store

The US Treasury Department Meets with Three Crypto Companies to Discuss Bitcoin Reserve Custody Solution

2025.03.14 02:00:21

On March 14th, as per Decrypt's report, insiders disclosed that the U.S. Treasury Department held meetings with executives from three cryptocurrency custody companies this week to discuss ways to safeguard the nation's strategic Bitcoin reserve. Anchorage Digital is one of the institutions participating in the meeting. Nathan McCauley, the CEO of Anchorage, stated that Treasury Department officials made in-depth inquiries about best practices for the national Bitcoin reserve and digital asset custody and discussed how custody impacts stablecoins and market structure. Congressional sources indicated that the Treasury Department is currently in a research stage and has not yet formulated a clear position but is actively seeking input from industry experts. There is currently a preference for government Bitcoin reserves to be held by third-party institutions, with the long-term goal being for the government to eventually achieve self-custody. Regarding various types of seized digital assets controlled by the government, long-term reliance on third-party custody may still be necessary. The U.S. Treasury Department has not made any comments on this.
Relevant content

Quote Retweet of JPMorgan CEO's Bullish View: The future is here along with the storm, the bigger the storm the pricier the fish

On February 25, Binance CEO Changpeng Zhao retweeted JPMorgan CEO Jamie Dimon’s take on crypto and blockchain, adding his own comment. In a TV interview, Dimon stated: - Blockchain is real and growing more efficient; - Cryptocurrency is superior to the existing financial system; - The crypto space’s "experimental" phase has ended; - A short-term market pullback may occur, but the long-term trend is positive. Zhao chimed in: "The future is coming with a storm. The bigger the waves, the more expensive the fish?"

1 seconds ago

How Binance Addressed Compliance Concerns: Assisting with a Complex Off-Chain Transfer Query Actually Demonstrates High Compliance Standards

On February 25, Binance CEO Changpeng Zhao responded to a probe by U.S. senators into the exchange over alleged $1.7 billion transfers to Iranian entities. Zhao noted that Binance helped trace off-chain transfers all the way to the fourth-tier customer, which in fact demonstrates the firm’s compliance practices set an exceptionally high bar.

1 seconds ago

The market research platform Finrob has completed a $3.9 million seed funding round, with participation from Maven11 and others.

On February 25, Globenewswire reported that Finrob—an AI-powered financial and cryptocurrency market research platform—has closed a $3.9 million seed round, with backers including Maven 11, Placeholder VC, Node Capital, Archetype, Dispersion Capital, and Fabric Ventures. The firm delivers real-time on-chain analysis, market intelligence, and deep-dive research via a unified conversational interface, integrating data from platforms like Glassnode, CoinGecko, and DefiLlama. The fresh capital will go toward accelerating product development, expanding data integrations, and boosting the platform’s research capabilities.

1 seconds ago

Social-native Prediction Market Kash Raises $2 Million in Pre-Seed Funding Round, with Participation from Coinbase Ventures

**Kash, a social-native prediction market platform, has closed a $2 million Pre-Seed funding round, per a February 25 Globenewswire release.** **Backers in the round include Big Brain Holdings, Spartan Group, Coinbase Ventures, Kosmos Ventures, Halo Capital, MoonRock Capital, Polaris Fund, and Fabric VC.** **Proceeds will fund development of financial tools integrated into X and other social media platforms—letting users trade predictions and create prediction events directly from their feeds. A simulated testnet is already live on X.** This rewrite aligns with U.S. English news conventions: - Uses "closed" (standard for funding rounds, vs. "completed") - Employs concise phrasing ("per" instead of "according to," "backers" for clarity) - Splits long sentences for readability - Prioritizes core info first (funding close → investors → use of funds) - Keeps technical terms natural ("integrated into" instead of "embedded in," "letting" for conversational flow) - Elimi

1 seconds ago

US Senator Investigates Binance for Allegedly Sending $1.7 Billion to Iranian Entity

February 25th — U.S. Senate Homeland Security Committee top Democrat Richard Blumenthal has launched a probe into Binance over suspected sanctions violations. Blumenthal sent a letter to the crypto exchange asking about alleged $1.7 billion transfers to Iran-linked organizations, and requesting transaction records between entities involved in the suspected transfers, as well as records of suspended or dismissed compliance staff. U.S. investigators have identified two entities that transferred funds to Iran. A Binance spokesperson responded in a letter, noting The New York Times’ prior report was inaccurate. Binance emphasized it has strict KYC (Know Your Customer) and compliance processes, and no Iranian users are on its platform. The spokesperson also reaffirmed that claims from The New York Times, The Wall Street Journal, and Fortune about the dismissal of four investigators are false. Yesterday, Binance Co-CEO Richard Teng posted on social media: “Recent reports have misrepresente

1 seconds ago

Circle CEO: The Internet is transitioning from transmitting information to transmitting value, ushering in a new global economic system

February 25th: Circle CEO Jeremy Allaire released a post reviewing the firm’s Q4 2025 and full-year performance. “We’re at an inflection point. The internet is shifting from moving information to moving value. Blockchain, stablecoins, and AI aren’t isolated trends — they’re converging into a brand-new global economic system built natively on the web.” “I believe we’re on the cusp of a world with billions — if not hundreds of billions — of AI agents operating online and carrying out economic functions. These agents will need programmable digital dollars and open infrastructure to make this a reality. That’s exactly what we’ve been building at Circle. Our Q4 performance shows this isn’t just a vision anymore — it’s happening.” “USDC keeps growing: our share of stablecoin trading volume is nearly 50%. Our platform has expanded well beyond just issuance, moving into the infrastructure layer of on-chain finance. Arc, CCTP, the Circle Payments Network, and StableFX? Each is a corner

1 seconds ago