MarsBitNews

Mars Finance reports that the stablecoin supply on the Polygon network currently reaches approximately $3.28 billion, hitting a record high.

Mars Finance reports that, according to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 10, down 4 points from yesterday. The average over the past 7 days is 9, and the average over the past 30 days is 10.

Mars Finance reports that, according to Reuters, Tether has frozen approximately $4.2 billion USDT due to "associations with illegal activities," with about $3.5 billion occurring since 2023; this week, it assisted the U.S. Department of Justice in freezing nearly $61 million USDT related to "pig-butchering" (pig-butchering) scams. Tether states it can remotely freeze USDT in user wallets upon law enforcement requests.

The Japanese Financial Services Agency announced that it will conduct a proof-of-concept experiment on anti-money laundering for crypto assets, involving 13 participating companies. The experiment aims to verify the effectiveness of sharing suspicious wallet address information, with the goal of improving the efficiency of the industry's anti-money laundering system.

Datong Limite announced plans to purchase up to 1 billion yen worth of Bitcoin. This move is based on its medium-term business plan, aiming to diversify assets, address inflation, and hedge against the depreciation of the Japanese yen. The company believes Bitcoin has advantages such as limited supply and low correlation.

The Hong Kong Institute of Certified Public Accountants submitted a budget to the Legislative Council, proposing a 3.5% salary increase and the creation of 15 new positions to support artificial intelligence and virtual asset regulation. The report pointed out that virtual asset trading companies face auditing challenges, such as verifying asset ownership and the lack of unified accounting standards.

Mars Finance reports that, according to Trader T's monitoring, Ethereum spot ETFs have experienced a net outflow of $43.6 million, with BlackRock's ETHA product alone seeing a single-day net outflow of $43.6 million. Other major ETF products such as Fidelity, Bitwise, 21Shares, Invesco, Franklin, VanEck, and

Ethereum has released a scalability roadmap, divided into short-term and long-term expansions. In the short term, network efficiency is improved through Gas mechanism optimization and parallel verification. In the long term, network capacity is enhanced using ZK-EVM and blobs data architecture. The overall plan is implemented in phases, aiming to achieve network expansion under the principles of security and decentralization.

Mars Finance reports that, according to Artemis data, in the current market environment of widespread pressure, Hyperliquid Strategies ($PURR) is the only DAT to record a book profit, with unrealized gains of $356 million. All other similar products are in a loss.

Coinbase's Chief Policy Officer stated that Coinbase and the CEO have participated in negotiations multiple times, committed to protecting the GENIUS Act and public interests. Although the White House hopes to reach an agreement on stablecoin revenue, insiders say the goal was not achieved, and controversy remains the main obstacle to advancing the crypto market legislation.

Mars Finance reports that on February 28, the Hong Kong Securities and Futures Commission approved two RWA tokenization products from Delin Holdings on February 26. The products involve Delin Securities distributing RWA tokens and Delin Digital Family Office issuing tokens for fund interests, including a limited partnership fund holding Delin Tower in Central Hong Kong and a limited partnership fund invested in Animoca Brands. This project is the first approved real estate RWA case in Hong Kong, marking significant progress in the compliant path for tokenizing physical assets under the licensed regulatory framework.

Argentina's cryptocurrency exchange Lemon reports that by 2025, Latin America's monthly active users will grow three times faster than in the United States, with digital asset reception exceeding $730 billion. Brazil leads, and Argentina has the highest per capita user ratio. High-inflation countries tend to use cryptocurrencies for store of value, with stablecoins becoming a key factor in regional adoption.

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Original Title: Golden Path (p1)
Original Author: Evgeny Gaevoy, Founder of Wintermute
Original Compilation: AididiaoJP, Foresight News
I've been pondering this article in my mind for a long time. My views on whether cypherpunks can succeed, whether libertarianism can succeed, and whether cryptocurrencies are viable have been changing constantly.
Below are my recent thoughts on the philosophical position of cryptocurrencies. This is more like a declaration, explaining "why we are here."
The Golden Path
For a long time, *Dune* has been one of my top three favorite books. It may have changed in recent years (for example, the *Culture* series is now higher on my list), but it remains very special to me, as it shaped my thinking around the age of twenty.

Mars Finance reports that, according to Jintiao Data, sources say NVIDIA is preparing to launch a dedicated chip to shake up the competitive landscape in artificial intelligence computing. OpenAI is about to become one of NVIDIA's largest customers for the new processor.

Alchemy has launched a self-service payment system for AI agents, allowing them to automatically purchase computing power credits and access blockchain data services on the Base network using USDC. The system adopts Coinbase's x402 payment standard to enable automatic settlement. The minimum top-up is $1 USDC, and it automatically replenishes when credits are exhausted, aiming to support the development of DeFi agents and portfolio management bots.

Aave DAO is voting on a proposal to allocate up to $42 million to Aave Labs, but it has sparked controversy over the forced migration of users to version 4. Although Aave Labs has made concessions by not requiring migration, critics remain dissatisfied with the funding request and the proposal process. Currently, Aave v3 deposits have reached $26.3 billion.

Uniswap token holders will vote to activate the protocol fee switch this Thursday, involving multiple Layer 2 blockchains. Once activated, a portion of liquidity provider fees will go into the token pool, with expected returns doubling. The fee switch, which has generated $3.3 million in revenue since its launch last year, currently causes the UNI token to rise 9% over seven days. The voting will end on March 4.

According to Mars Finance, on February 28th, on-chain analyst monitored the largest single transaction of the gold token XAUT, with Tether transferring 28,723 XAUT to Abraxas Capital in the UK, valued at $151 million. Abraxas is one of Tether's important clients.