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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.
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U.S. Appeals Court Rejects Trump Administration's Delay of Tariff Refund Request

March 3 — The U.S. Supreme Court had previously ruled most tariffs imposed by the Trump administration were invalid. The Justice Department (DOJ) later appealed to a federal appeals court, seeking a 90-day extension (for a total delay of roughly four months) to let the executive and legislative branches weigh options. However, the federal circuit court of appeals rejected the DOJ’s request, clearing the way for the tariff refund process to move forward quickly. The ruling paves the way for the U.S. International Trade Court (the lower court) to launch legal proceedings tied to tariff refunds. DOJ attorneys note the refund process could take several years to wrap up. Since the Supreme Court’s decision, hundreds more companies have filed tariff refund lawsuits, pushing the total number of tariff-related cases against the Trump administration to over 2,000. (Golden Finance)

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Large Numbers of OpenAI Users Defect to Anthropic, Which Tops U.S. App Download Chart

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US Media: US Prepares for 'Major Cyberattack' on Iran in Next 24 Hours

**March 3 (CNN) — A senior U.S. official said Wednesday the U.S. is gearing up for a "major attack" on Iran within the next 24 hours.** The official noted the first round of strikes has already successfully weakened Iran’s defense system, with the next phase targeting the country’s missile production facilities, drones, and naval assets. However, the official added U.S. missile stockpiles are running low — particularly Tomahawk and SM-3 missiles. Separately, former President Trump previously stated: “We haven’t launched a fierce attack on them yet. The real tsunami hasn’t hit. The actual wave of strikes is imminent.” ### Notes on U.S. English adaptation: 1. **Conversational brevity**: Replaced formal "preparing for" with colloquial "gearing up for" (common in U.S. media for military planning). 2. **Precision**: Swapped "forces" for "assets" (standard military jargon for naval/missile resources); used "launched" (not "started") for strikes (more accurate for military op

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NVIDIA-backed Reflection AI is reportedly seeking to raise a minimum of $2 billion in funding at a $20 billion valuation.

On March 3, the Financial Times reported that Nvidia-backed open AI startup Reflection AI has drawn investor interest at a valuation exceeding $20 billion, as it targets at least $2 billion in a new funding round.

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Trump: U.S. Will Keep Up Iran Strikes, Could Be Prolonged

March 3rd: U.S. President Donald Trump stated the U.S. will continue large-scale military operations against Iran. Iran’s ballistic missile program is advancing rapidly—now capable of striking Europe, and it will soon have missiles able to reach the U.S. The U.S. cannot accept Iran acquiring nuclear weapons. This is America’s final best strike opportunity, with clear objectives including destroying Iran’s missile capabilities. Trump expects the U.S. to achieve an easy victory, originally anticipated to last 4 to 5 weeks, though it could take longer.

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March 3rd: Bitcoin briefly pushed above $70,000, per HTX market data, and is currently trading at $69,966—up 4.97% over the past 24 hours.

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