Negotiations for US cryptocurrency legislation have stalled. The banking industry has stated it cannot support the White House-push compromise, which allows stablecoin issuers to offer yield products in specific scenarios such as peer-to-peer payments, but prohibits offering yields on idle holdings. Crypto companies have accepted the compromise, but banks still want stricter restrictions on the scope of reward-based transactions, arguing that such provisions could lead to deposit outflows. Standard Chartered estimates that stablecoins could siphon approximately $500 billion in deposits from the US banking system by the end of 2028. President Trump tweeted on Truth Social that he would not allow the banking industry to “undermine our strong crypto agenda.” Crypto industry players including Coinbase, Ripple, and the Blockchain Association have participated in the negotiations. Blockchain Association CEO Summer Mersinger stated that “the path to a viable agreement is clearer than it was a month ago.” The bill also faces other challenges: it requires the support of at least seven Democratic senators, some of whom are demanding a ban on elected officials profiting from crypto businesses, while others are calling for stricter anti-money laundering provisions. The bill also needs to be reconciled with the Senate Agriculture Committee version and compete for a time slot with other bills, such as housing policy reform, within the limited Senate agenda. Adrian Wall, managing director of the Digital Sovereignty Alliance, said that if the bill fails to reach the president for signature before July, the midterm elections will close the passage window.

The yield on the U.S. 10-year Treasury note increased by 4.1 basis points, reaching 4.123%. According to Jin10, this rise reflects ongoing market volatility and investor concerns about economic stability. The movement in Treasury yields often signals shifts in investor sentiment and can impact broader financial markets. Analysts are closely monitoring these changes as they may influence future monetary policy decisions and economic forecasts. The increase in yields comes amid discussions about inflation pressures and potential interest rate adjustments by the Federal Reserve.

The Pentagon and at least one Gulf nation are reportedly in discussions to acquire Ukrainian-made interceptors to defend against Iranian drone attacks. According to Jin10, sources within the Ukrainian industry have revealed these negotiations as tensions rise over drone threats. The move highlights the growing concern over Iran's drone capabilities and the strategic importance of Ukrainian defense technology in countering such threats. The potential acquisition underscores the geopolitical dynamics in the region, with countries seeking advanced solutions to bolster their defense systems.

Venice founder Erik Voorhees stated in a post on the X platform that Venice's current privacy model involves not storing prompts and replies on servers, and therefore they are not retained, viewed, or retrieved. However, this privacy cannot currently be proven. He indicated that verifiable privacy protection has been on the roadmap since the project's inception, and this feature will be delivered soon.

Injective (INJ) has revealed plans to launch a new mainnet, according to its announcement on X (Twitter). According to NS3.AI, this development signifies a crucial step in the project's evolution, hinting at potential network upgrades or changes. The announcement, while concise, indicates significant advancements in Injective's infrastructure.

Emerging market currency volatility has surpassed that of developed markets for the first time since May last year. According to Jin10, the JPMorgan Emerging Market Volatility Index rose above the G7 currency index on Tuesday, ending a 209-day streak below it, the longest since 2000. Mingze Wu, a forex trader at Singapore's StoneX Financial Pte, noted that the escalation in the Middle East and significant fluctuations in Asian stock markets have impacted emerging market forex volatility. He suggested that volatility should decrease once tensions in the Middle East subside. This week, nearly all emerging market currencies have depreciated against the U.S. dollar. However, this trend may not alter the broader context, as strong commodity prices and robust capital inflows continue to support demand for emerging market assets, making carry trades attractive. Meanwhile, the U.S. dollar remains on a weakening trajectory. Wee Khoon Chong, a strategist at BNY Mellon, highlighted that oil prices are a key factor driving the weakness in emerging market currencies and the recent rise in volatility. He added that if the Middle East situation eases, demand for high-yielding emerging market currencies could rebound, leading to a decline in forex volatility.

Three Amazon data centers located in the Gulf region have been struck by drones, highlighting the vulnerability of such facilities during wartime. Bloomberg posted on X, emphasizing the increasing risk faced by critical infrastructure in conflict zones. The attacks underscore the potential for data centers to become strategic targets, raising concerns about the security of digital assets and operations in volatile areas. As tensions continue to rise, companies may need to reassess their security measures to protect vital technological resources.

According to the official announcement, BitMart will list Opinion (OPN) on March 5th at 21:00 (UTC+8), with the OPN/USDT trading pair available. OPINION is building a "global economic trading terminal for the masses"—a high-performance predictive trading platform that transforms economic insights into tradable markets. It combines AI oracles, on-chain trading infrastructure, and DeFi composability, allowing users to trade global macroeconomic signals with lower institutional barriers. Its architecture consists of Opinion.Trade, Opinion AI, Opinion Metapool, and Opinion Protocol.

Massive institutional support has certainly helped the altcoin's fortunes. source: https://ambcrypto.com/ethereum-to-2400-blackrocks-latest-41-9m-buy-may-be-just-the-start-it-needs/

Iran’s crypto trading volume fell 80% after internet restrictions tied to US-Israeli strikes, though TRM says exchange infrastructure remains operational. source: https://catenaa.com/markets/cryptocurrencies/iran-crypto-volume-drops-80-after-strikes-trm-says/

Jensen Huang said Nvidia’s US$30 billion investment in OpenAI is likely its last big one, because OpenAI plans to go public later this year. He also said the earlier US$100 billion plan is off the table and Nvidia’s US$10 billion investment in Anthropic will probably be its final one.

US crypto exchange Kraken has secured a limited-purpose master account from the Federal Reserve Bank of Kansas City, giving its banking unit direct access to the Fed’s core payments infrastructure in what marks a first-of-its-kind breakthrough for the digital asset industry.

A pragmatic shift: Why 2026 will be the year cryptocurrencies become "invisible".

Financial institutions can only transform the potential of AI into a sustainable competitive advantage, rather than an uncontrollable source of risk, by systematically planning from multiple dimensions such as governance, standards, technology, and compliance.

The massive scale of U.S. government spending has become a major driver of economic growth and inflation, surpassing the impact of monetary policy or private sector borrowing.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse Morning 8," issue 2986, providing you with the latest and fastest news on the digital currency and blockchain industry.

When an asset class becomes large and popular enough, its development is not solely supported by accounting strategies; the fundamental driving force behind it is always trust.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Homogeneous industries are ultimately fragile; only when different species emerge can a market truly thrive.

During the Chinese New Year holiday, a discussion about the concept of "Web 4.0" sparked a heated debate on Twitter.