Headlines
▌Tesla plunges 15%, the biggest intraday drop since September 2020
Tesla plunges 15%, the biggest intraday drop since September 2020.
▌Musk responds to Tesla's plunge: In the long run, everything will be fine
In response to a post about Tesla's (TSLA.O) biggest single-day drop, Musk said that in the long run, everything will be fine.
▌BTC falls below $79,000
The market shows that BTC fell below $79,000 and is now at $78,978.67, with a 24-hour drop of 1.85%. The market fluctuates greatly, so please do a good job of risk control.
Market
As of press time, according to Coingecko data:
BTC's latest transaction price is $78,712.95, with a daily increase or decrease of -2.3%;
ETH's latest transaction price is $1,873.22, with a daily increase or decrease of -7.0%;
BNB's latest transaction price is $532.04, with a daily increase or decrease of -4.0%；
SOL's latest transaction price is 118.35 US dollars, and its intraday increase or decrease is -6.1%；
DOGE's latest transaction price is 0.1546 US dollars, and its intraday increase or decrease is -7.7%；
XPR's latest transaction price is 2.03 US dollars, and its intraday increase or decrease is -4.8%.
Policy
▌Lawyers believe that the memecoin guidance recently issued by the SEC indicates a shift in cryptocurrency regulatory policy
Lawyers at Gibson Law Firm said that the memecoin guidance recently issued by the US SEC may imply that it will adjust its cryptocurrency regulatory policy and even affect the applicability of the Howey test. The US SEC previously issued a statement saying that memecoin should not generally be considered a security because the funds of its buyers are not concentrated on the development of related projects and the price depends on market speculation and collective sentiment. This position contradicts the views held by the SEC in previous lawsuits against cryptocurrency exchanges and may affect all digital asset transactions in the secondary market. Analysts believe that this move shows that the SEC is gradually moving away from the tough regulatory approach of former Chairman Gary Gensler, bringing a clearer development direction to US cryptocurrency policy.
▌The U.S. Senate Updates the Stablecoin Bill GENIUS Act 2025: Expanding Reciprocity for Payment Stablecoins Issued in Overseas Jurisdictions
According to the latest "Guidance and Establishment of U.S. Stablecoin Innovation Act" (GENIUS Act 2025) released by the U.S. Senate, the updated bill specifically expands the "Reciprocity for Payment Stablecoins Issued in Overseas Jurisdictions". The U.S. Secretary of the Treasury is required to reach bilateral agreements with countries with similar stablecoin regulatory frameworks to ensure coordination of reserve requirements, supervision, anti-money laundering and counter-terrorism measures, sanctions compliance standards, liquidity requirements and risk management standards. The reciprocity arrangement must be completed within two years of the bill's entry into force to promote international transactions and enhance interoperability with overseas payment stablecoins denominated in U.S. dollars.
In addition, the bill explicitly excludes licensed payment stablecoin issuers from the scope of "commodities" defined in the Commodity Exchange Act, further clarifying regulatory responsibilities.
▌Trump may sign an executive order on cryptocurrency this week to abolish banking restrictions on cryptocurrency companies
Sources revealed that Trump plans to sign an executive order as early as this week to overturn the Biden administration's policy of restricting banking services for crypto companies, especially "Operation Chokepoint 2.0".
Sources said the order may involve the Federal Reserve's "master account" policy to relax access to crypto banks. However, as an independent agency, the Federal Reserve's policies are generally not directly affected by the White House. In addition, the executive order may cover stablecoin regulation, making it clear that stablecoins should not be considered securities. Senior White House officials plan to meet on Thursday to assess potential legal obstacles to the executive order and then submit it to President Trump for signature.
▌El Salvador and Paraguay sign cryptocurrency regulatory agreement
Paraguay's Secretariat for the Prevention of Money Laundering (SEPRELAD) and El Salvador's National Digital Asset Commission (CNAD) signed a memorandum of understanding last Friday. This is the second such agreement signed in nearly three months, following a similar regulatory collaboration between El Salvador and Argentina’s National Securities Commission (CNV) in December last year. According to SEPRELAD’s statement, the two sides will jointly combat unlicensed cryptocurrency operations and strengthen anti-money laundering measures.
Blockchain Applications
▌Balancer V3 to Expand to Avalanche Following Governance Vote
The recently launched Balancer V3 is expanding to its latest blockchain deployment, Avalanche. The team says the deployment of Balancer V3 will enable “instant integration with Avalanche native lending protocols such as Aave and BENQI,” which in turn will improve returns for Balancer liquidity providers and increase overall protocol liquidity. "Avalanche's native DeFi ecosystem TVL has grown nearly 2x in the past 7 months, driven by increased liquidity in AMM and lending protocols."
It is reported that the integration with Avalanche is expected to be completed by the end of March 2025. It will be deployed on Avalanche's C-chain, or contract chain, designed to support smart contracts and applications.
Cryptocurrency
▌Tariff war exacerbates economic concerns, cryptocurrency market suffers sell-off
Cryptocurrency prices continued to fall, with Bitcoin falling to its lowest level since November last year, as escalating tariff war tensions raised concerns about the economy, offsetting U.S. President Trump's pro-cryptocurrency statement last week. Risk assets such as cryptocurrencies have come under pressure due to concerns that Trump's tariffs and government layoffs will undermine U.S. economic growth. U.S. stocks fell and U.S. Treasuries rose as investors sought safe havens. Nikolay Karpenko, director of B2C2, said: "While Trump's statement on the strategic reserve of cryptocurrencies initially boosted optimism, the rebound quickly collapsed as macroeconomic conditions deteriorated and the market saw an aggressive sell-off."
▌The industry has mixed reactions to the first White House Cryptocurrency Summit
FOX Business reporter Eleanor Terrett wrote that investors and industry observers had hoped to hear specific plans from the Trump administration to make the United States the 'crypto capital' at the first White House Cryptocurrency Summit held last Friday, but the content of the summit was still general and the reaction was mixed.
Despite this, participants generally felt positive about the atmosphere of the meeting and were optimistic that the government would provide more regulatory clarity in the future. Christopher Giancarlo, former CFTC chairman, commented: "This summit is clearly a way for this administration to welcome the industry with open arms. This is their way of saying, 'You have been persecuted, and now we celebrate you.'" Ripple CEO Brad Garlinghouse bluntly stated that the two administrations have completely different attitudes towards cryptocurrencies: "The Biden administration wants us to go to jail, and the Trump administration directly invites us to the White House." The meeting was hosted by Sacks and Hines and held in the State Dining Room in the East Wing of the White House. Before the meeting, guests also had an informal exchange reception with government officials, but some officials, such as Acting Director of the Office of the Comptroller of the Currency Rodney Hood, only attended the reception and did not participate in the formal meeting.
▌Sol Strategies Announces Acquisition of 3 Solana Validation Nodes
According to official news, Toronto-based cryptocurrency holding company Sol Strategies announced the acquisition of three additional Solana validation nodes, including Laine, and stakewiz.com. The acquisition was completed for $35 million Canadian dollars, paid through a combination of cash, Sol Strategies common shares and warrants. Following the completion of the acquisition, Sol Strategies' SOL pledged increased to 3.3 million. In addition, Sol Strategies appointed Laine founder Michael Hubbard as Chief Strategy Officer. ▌ Bitcoin short-term futures are discounted on Deribit Deribit's Bitcoin futures contracts expiring this Friday are currently trading below the exchange's index price, indicating weak market demand. Block Scholes research analyst Andrew Melville said: "The short-term (7 days and less) yield fell to negative values for the first time, which means that futures prices are lower than spot prices. We think this is a clear bearish signal."
▌A whale/institution replenished collateral and repaid part of its debt, but the risk of ETH liquidation has not been lifted
According to Embers, a whale or institution holding 65,000 ETH (about 120 million US dollars) is only 50 US dollars away from being liquidated. The address withdrew 2,000 ETH (3.75 million US dollars) from Bitfinex and 1.54 million USDT from Binance 4 hours ago to replenish collateral and repay part of its debt, reducing its liquidation price from 1,932 US dollars to 1,836 US dollars.
However, the current ETH price is still close to the liquidation line. The whale's ETH was mainly purchased in May 2022 through revolving loans, with an average cost of about $2,088. The current floating loss has exceeded $14 million. If the price of ETH falls further, the account may face large-scale forced liquidation.
Important Economic Dynamics
▌Tesla's market value is "halved" and Musk is unable to do anything else. He is expected to lead DOGE for another year
Elon Musk said on Monday that he faced "huge difficulties" in balancing the U.S. Government Efficiency Department (DOGE) with other businesses. Tesla suffered its biggest single-day drop in five years, while its social media platform "X" experienced several cyber attacks. Musk said in an interview that he expected to stay in the Trump administration for another year. Tesla's stock price has fallen every week since Musk joined the Trump administration as DOGE "minister". DOGE is in the midst of a broad and controversial campaign to reduce federal government spending and headcount. Tesla's market value has been "halved" from its peak, equivalent to a loss of nearly $800 billion. According to Forbes data, Musk's wealth shrank by $22.8 billion on Monday, but he is still more than $100 billion ahead of Bezos, who ranks second on the rich list. Musk also said that the DOGE team currently has more than 100 people and may increase to 200.
▌U.S. stock index futures continued to fall on Tuesday, and Tesla fell 2.7% after the market
U.S. stock index futures continued to fall on Tuesday, with Nasdaq futures falling more than 0.7%, Tesla (TSLA.O) falling 2.7% after the market, and Apple (AAPL.O) and Nvidia (NVDA.O) both falling more than 1%.
▌OpenAI releases CoT monitoring to prevent malicious behavior of large models
OpenAI released the latest research, using CoT (chain of thought) monitoring to prevent malicious behaviors such as large models talking nonsense and hiding their true intentions. It is also one of the effective tools for supervising super models. OpenAI used the newly released cutting-edge model o3-mini as the monitored object and the weaker GPT-4o model as the monitor. The test environment is a coding task, requiring AI to implement functions in the code base to pass unit tests. The results show that the CoT monitor performs well in detecting systematic "reward hacker" behavior, with a recall rate of 95%, far exceeding the 60% of monitoring behavior alone.
Golden Encyclopedia
▌What is DeFAI
DeFAI is the combination of DeFi's decentralized financial ecosystem with AI-driven analysis and automation. DeFAI is still in its early stages, focusing mainly on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI represents a turning point in the Crypto asset industry.
Disclaimer: As a blockchain information platform, the articles published by Jinse Finance are for information reference only and are not intended as actual investment advice. Please establish the correct investment concept and be sure to enhance risk awareness.
Hui Xin
Alex
Kikyo