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Bitcoin spot ETFs are seeing renewed institutional demand, with $462 million in net inflows recorded in a single day as BTC briefly rose above $73,000. According to Bloomberg ETF analyst Eric Balchunas, nearly all U.S. Bitcoin ETFs have now turned net positive in year-to-date flows, signaling a notable shift in institutional positioning.The inflows were led by iShares Bitcoin Trust (IBIT), which attracted about $307 million, helping extend a three-day ETF inflow streak to roughly $1.1 billion and around $1.5 billion over the past five days. Balchunas noted that only three funds remain negative year-to-date, including Fidelity Wise Origin Bitcoin Fund (FBTC) with roughly $1.1 billion in outflows, as well as Grayscale Bitcoin Trust ETF (GBTC) and ARK 21Shares Bitcoin ETF (ARKB), which have seen about $648 million and $162 million in outflows respectively.

OpenAI plans to lend funds obtained through cyclical financing from Nvidia and Amazon to SoftBank. According to Jin10, this strategic move aims to enhance collaboration and investment opportunities between these major tech companies. The financial arrangement underscores the growing interconnectedness within the tech industry, as companies seek to leverage each other's strengths and resources for mutual benefit. This development highlights the dynamic nature of partnerships and investments in the tech sector, reflecting a trend towards increased cooperation among leading firms.

The Kobeissi Letter posted on X that three of the four major Gulf countries—Saudi Arabia, UAE, and Kuwait—are contemplating withdrawing from U.S. and other investments as the financial impact of the ongoing conflict with Iran intensifies, according to a report by the Financial Times.

The report highlights several factors contributing to this potential shift, including mounting 'budget stains' resulting from decreased revenue in sectors such as energy, shipping, and tourism. These nations are reportedly considering reassessing their investment commitments to the United States as a precautionary measure.

Such moves could have significant implications, potentially putting pressure on U.S. President Donald Trump, as over $2 trillion in U.S. investments appear to be at risk. The decision to withdraw investments is seen as a strategic response to the economic challenges posed by the conflict, aiming to safeguard the financial stability of these Gulf countries.

Bitcoin mining difficulty experienced an adjustment today at 1:28, reaching block height 939,456. According to PANews, the difficulty increased by 0.45% to 145.04 T. The average network hash rate over the past seven days is currently 1.02 ZH/s.

The Central Bank of Russia has introduced a legislative proposal aimed at allowing banks to acquire crypto trading licenses. According to NS3.AI, this initiative includes a stipulation that limits banks' exposure to cryptocurrencies to 1% of their own capital. The proposal outlines a streamlined notification process for banks and brokerage firms to begin offering crypto brokerage services, leveraging their current licenses. The deadline for the adoption of this bill is set for July 1.

The U.S. Securities and Exchange Commission (SEC) has concluded a settlement with Tron founder Justin Sun and his company over allegations of fraud and unregistered securities. According to NS3.AI, the SEC initially filed a lawsuit against Sun and Tron in March 2023. The case saw a temporary suspension in February of the previous year due to a change in the SEC's leadership. The resolution marks the end of the legal proceedings initiated by the agency.

Anthropic is facing a potential legal confrontation with the U.S. Defense Department over disagreements regarding AI safeguards. Bloomberg posted on X, highlighting that the company is threatened with blacklisting due to the ongoing dispute. The conflict centers around the implementation and adequacy of safety measures in AI technologies, which the Defense Department deems insufficient. As tensions rise, both parties are preparing for a possible court case to resolve the matter. The outcome of this legal battle could have significant implications for the future of AI regulation and industry standards.

U.S. SEC Chairman Paul Atkins expressed his eagerness to collaborate with the CFTC chairman to promote the CLARITY Act, aiming to enhance regulatory transparency in the digital sector. According to NS3.AI, Atkins shared his views in a post on X, agreeing with U.S. President Donald Trump that the United States requires clear regulatory guidelines for the digital sector, which encompasses digital assets and digital finance.

Ethereum founder Vitalik Buterin has called on the community to embrace a more daring and open-minded approach to development. According to NS3.AI, Buterin emphasized the importance of maintaining core principles such as censorship resistance, privacy, and security. He encouraged developers to challenge non-core assumptions by engaging in thought experiments, such as rewriting the application section of the 2014 whitepaper and considering what projects to prioritize if Ethereum had no users today.

The advancement of the U.S. cryptocurrency market structure bill is currently contingent on the stance of Senator Thom Tillis. According to ChainCatcher, the White House has submitted legislative text to Tillis's office, and recent meetings between the parties have been described as 'moving in the right direction.' Cody Carbone, CEO of the Digital Chamber, expressed optimism about reaching a consensus on stablecoin yield issues.

Even without Democratic support, the bill could pass the Banking Committee along party lines, but Tillis's vote is crucial. Industry insiders note that discussions have heavily focused on stablecoin yield issues, sidelining other topics such as decentralized finance. A cryptocurrency trade executive remains 'cautiously optimistic' about the Banking Committee rescheduling its review by the end of March.

Bond investors are closely monitoring the monthly U.S. jobs report, which could influence their expectations regarding Federal Reserve interest-rate cuts. Bloomberg posted on X, highlighting that since the onset of the Iran war, inflation has been a primary concern for these investors. The upcoming jobs data may present unexpected results, potentially altering the current outlook on monetary policy adjustments. Investors are particularly attentive to any surprises that could shift the trajectory of interest rates, impacting bond market dynamics.

曾經以高速狂飆為特征的中國經濟，如今正式宣告降溫。面對通縮陰霾與內需疲軟，北京當局三十年來首度將 2026 年經濟成長目標下修至 5% 以下。這項創下 1991 年以來新低的指標，不僅意味著「保五」時代的落幕，更透露出中國政府寧可放緩腳步，也要優先解決產業「內捲」與深層結構問題的強烈訊號。 （前情提要：彭博：中國叫停汽柴油出口「保障內需」，因對中東原油依賴度達 57%） （背景補充：紐時爆料 CIA 密會黃仁勳、蘋果Tim Cook：中國2027攻打台灣，美國GDP將倒退11%）   中國經濟的高成長神話正式劃下休止符。在最新召開的中國全國人民代表大會上，北京官方宣布將 2026 年的經濟成長目標設定在 4.5% 至 5% 之間。這是自 1991 年以來，中國經濟成長目標首度跌破 5% 大關。 這項極具指標意義的數據，不僅代表官方正式承認經濟降溫的現實，也意味著中國的經濟政策正迎來重大轉折：從過去盲目追求亮眼數字的「狂飆期」，轉入直面國內結構性沉痾的「重整期」。 捨棄虛高數字，官方正視經濟降溫 每年三月在北京人民大會堂舉行的全國人大會議，不僅是中國的政治大戲，更是全球投資人觀察這個世界第二大經濟體政策走向的風向球。過去幾年來，中國的經濟成長目標一直穩守在 5% 左右，但面對國內外嚴峻的經濟形勢，市場專家早已預期今年數字將會下修。 除了下調成長目標外，中國政府也將中央財政赤字率維持在國內生產毛額（GDP）的 4% 左右。專家指出，適度調降成長預期，其實是給予政策制定者喘息的空間。與其為了達成不切實際的擴張目標而過度舉債，不如將精力集中於解決長期累積的體質問題。然而，對於官方去年聲稱「已達標」的 5% 成長率，外界仍抱持懷疑態度，部分研究機構甚至估計，中國去年的實際經濟成長可能不到 3%。 出口亮眼卻陷「內捲」，製造業成雙面刃 儘管總體經濟面臨下行壓力，中國的製造業與出口表現依然強勁。去年，中國不僅創下了 1.19 兆美元的驚人貿易順差，車企龍頭比亞迪（BYD）更是一舉超越特斯拉，登頂全球電動車霸主。在國有銀行廉價資金的挹注下，中國幾乎包辦了全球大半的電動車、太陽能板與鋰電池產能。 然而，過度依賴製造業也為經濟埋下隱患。產能嚴重過剩加上同業間的激烈廝殺，導致中國產業界陷入嚴重的「內捲」惡性循環。企業為了搶占市場只能不斷削價競爭，結果是「做得越多、賺得越少」，整體產業的利潤空間被大幅壓縮；同時，為了尋找出海口而大量傾銷海外的產品，也讓中國與歐美等國的貿易摩擦持續升溫。 內需疲軟與薪資停滯，民眾「不敢花錢」成最大痛點 要擺脫對製造業與出口的單一依賴，帶動國內消費是唯一的解藥，但這也是目前中國經濟最脆弱的一環。近年來，房地產市場的崩跌嚴重縮水了民眾的資產，加上青年高失業率與長期的通膨問題，導致消費者信心跌入谷底。 為了解決「民眾不消費」的問題，中國政府近期推出了多項補貼政策，包含家電與電動車的舊換新優惠、提高養老金與育兒津貼等。但經濟學家坦言，這些措施治標不治本。中國缺乏完善的社會安全網，民眾必須將大量資金存起來以應付未來的醫療與養老開銷；更致命的是，整體經濟的薪資成長長期停滯。正如經濟學家所言：「如果人民賺不到錢，又要如何強求他們消費？」 一個時代的縮影 中國 2026 年經濟成長目標跌破 5%，不僅是一個數據的跨越，更是一個時代的縮影。這個全球第二大經濟體正處於艱難的十字路口，試圖從依賴低階製造與基礎建設的舊模式，轉向發展人工智慧等高科技產業的「高質量發展」。降速或許是為了走得更穩，但在真正建立起穩健的社會福利制度、讓民眾薪資有感提升之前，中國經濟的轉型陣痛期，恐怕還會持續好一段時間。 相關報導 DeepSeek V4 宣布棄用輝達！中國 AI「算力獨立」突圍戰走到哪了？ 中國最高法院重拳瞄準「加密洗錢」，虛擬貨幣、地下錢莊列詐騙打擊重點 Anthropic 怒控 DeepSeek 等中國 AI 偷學 Claude，拿 2.4 萬假帳號狂刷 1,600 萬問答〈打破30年紀錄！中國經濟成長目標首度跌破5%，轉型陣痛期才剛開始〉這篇文章最早發佈於動區BlockTempo《動區動趨-最具影響力的區塊鏈新聞媒體》。

Bitwise Chief Investment Officer Matt Hougan has suggested that the era of widespread gains across all cryptocurrencies, known as the 'altcoin season,' may not occur again. According to PANews, Hougan believes that the future will see a 'non-traditional altcoin season,' where only assets with real-world applications and genuine growth momentum will be rewarded by the market.

Hougan highlighted that the upcoming altcoin season will be more differentiated, with the market potentially repricing certain tokens, especially those linked to major businesses. He noted that Bitcoin has recently started to bottom out and is showing an upward trend. The discussion around altcoin season remains a topic of debate within the industry. Data from Santiment indicates that mentions of altcoins on social media have dropped to a two-year low, suggesting that investor focus is currently centered on Bitcoin.

Shipping traffic through the Strait of Hormuz has nearly come to a standstill, with passage rates dropping to their lowest since the critical waterway effectively closed over the weekend. According to PANews, a report released by the United Maritime Information Center on March 6 indicates that recent assessments of shipping signals in the strait show the number of passing vessels has fallen to single digits. In the past 24 hours, only two confirmed commercial passages were observed. This multinational maritime advisory organization, focusing on the Middle East, noted that these passages involved cargo ships rather than oil tankers.

U.S. Defense Secretary Pete Hegseth announced that American military submarines have sunk an Iranian warship in the Indian Ocean. According to Jin10, the incident marks a significant escalation in military tensions between the United States and Iran. The action was reportedly taken in response to perceived threats from Iranian naval forces in the region. The U.S. military has been closely monitoring Iranian activities, and this operation underscores the ongoing strategic challenges in the area. The Pentagon has yet to release further details on the engagement or the specific circumstances leading to the decision to engage the Iranian vessel. This development is likely to impact geopolitical relations and could lead to heightened diplomatic discussions between the involved nations.

Key takeawaysSouth Korea’s Kospi and Kosdaq indexes plunged more than 10%, triggering market circuit breakers.The crash followed escalating tensions in the Middle East and rising oil prices.Asian markets broadly declined, with Japan’s Nikkei and Topix down nearly 4%.Global equities reportedly lost over $3.2 trillion in value in four days, according to analysts.South Korea Activates Circuit Breakers After 10% Market CrashSouth Korea’s stock market was forced to halt trading after benchmark indexes plunged sharply during morning trading on Wednesday.Both the KOSPI and KOSDAQ dropped more than 10%, triggering automatic circuit breakers designed to stabilize extreme volatility.The sharp decline marks the worst trading session for Korean equities since August 2024, according to regional market reports.Circuit breakers temporarily pause trading to prevent panic selling during sudden market crashes.Asian Markets Slide as Global Risk-Off Sentiment SpreadsThe sell-off extended across major Asian markets as investors rapidly reduced exposure to risk assets.Major index performance on Wednesday:Nikkei 225: down nearly 4%TOPIX: down about 4%Hang Seng Index: down roughly 3%Shanghai Composite Index: down about 1.3%According to market strategists, investors began locking in profits and rotating into safer assets as geopolitical tensions intensified.South Korea was particularly vulnerable due to its heavy reliance on imported energy.The country imports roughly 94% of its oil, with about 75% coming from the Middle East, making its economy sensitive to energy supply disruptions.Oil Prices Surge After Strait of Hormuz DisruptionThe market panic followed escalating conflict involving the United States, Israel, and Iran.Concerns increased after Iran reportedly closed the Strait of Hormuz, one of the world’s most critical oil transit corridors.Since the airstrikes began on February 28:Brent Crude Oil surged 14% to around $82 per barrelWest Texas Intermediate jumped 12% to roughly $75 per barrelRising oil prices are increasing fears of inflation shocks and supply disruptions across Asia, where many economies depend heavily on imported energy.Trump Signals War Could Continue IndefinitelyThe conflict escalated further after remarks from Donald Trump suggesting the military campaign against Iran could continue for an extended period.Trump stated the United States has a “virtually unlimited supply” of weapons and warned that wars can be “fought forever.”The U.S. Navy may also begin escorting oil tankers through the Strait of Hormuz, according to statements from the administration.$3.2 Trillion Wiped From Global StocksAccording to crypto researcher SungHoon Lee, global markets have already lost around $3.2 trillion in value over the past four days.He described the event as a potential “black swan” geopolitical shock, comparing it to the 1973 oil crisis, which triggered a prolonged global market downturn.Despite the turmoil in traditional markets, the crypto market has shown relative stability.Total crypto market capitalization fell only about 0.5% to roughly $2.39 trillion, according to data from CoinGecko.Markets Face Uncertainty as Geopolitical Risks RiseThe sudden market crash highlights how sensitive global financial markets remain to geopolitical developments.With oil supply disruptions, escalating military tensions, and rising energy costs, investors are increasingly shifting toward safe-haven assets and cash positions while monitoring how the crisis unfolds in the coming days.

BlackRock CEO Larry Fink highlighted the inefficiencies in the financial services sector on March 6, emphasizing the presence of numerous intermediaries and lengthy settlement processes. According to BlockBeats, Fink suggested that digitizing all assets and enabling seamless transitions from cash or stablecoins in digital wallets to stocks or bonds could significantly reduce friction and transaction costs.

Currently, there is $4.1 trillion in global digital wallets. To invest in bonds, stocks, or real estate, funds must be transferred from digital to traditional wallets, incurring various commissions and fees.

The concept of tokenizing all assets, including real estate, aims to substantially lower these friction costs, making investments easier and more straightforward. This would facilitate a more fluid investment process.

The Bank of Japan's Deputy Governor, Ryozo Himino, announced that the central bank will continue its monetary easing policy while gradually adjusting its degree of leniency. According to Jin10, Himino emphasized the importance of maintaining flexibility in monetary policy to support economic stability and growth. The Bank of Japan aims to balance its approach by considering both domestic and international economic conditions. Himino's statement reflects the central bank's commitment to fostering a stable economic environment amid ongoing global uncertainties.

SoftBank Group is reportedly pursuing a record-breaking loan of up to $40 billion to acquire a stake in OpenAI. According to Jin10, the Japanese conglomerate aims to expand its investment portfolio by securing a significant position in the AI research organization. This move reflects SoftBank's strategic interest in advancing its presence in the artificial intelligence sector, which is increasingly becoming a focal point for global tech investments. The acquisition, if successful, would mark one of the largest financial undertakings by SoftBank, highlighting its commitment to leveraging AI technologies for future growth. The details of the loan and acquisition process are yet to be finalized, and further developments are anticipated as negotiations progress.

就在美国证券交易委员会（SEC）还在纠结如何给加密货币行业“立规矩”的时候，一场看似不可能的和解悄然落槌。当地时间3月5日，波场TRON创始人孙宇晨在社交媒体上高调宣布，SEC已正式驳回针对他及旗下所有公司的全部指控 。

这场始于2023年的诉讼，曾以“欺诈”、“操纵市场”等重罪指控将孙宇晨置于悬崖边缘。然而，两年后的今天，剧情不仅反转，甚至显得有些戏剧性——SEC不仅撤诉，还以一种“带有偏见”的方式彻底关门，意味着未来连“炒冷饭”的机会都不再有 。

如果你以为这只是币圈又一次“花钱消灾”的常规操作，那你可能低估了孙宇晨的野心。这场胜利的背后，是一条隐晦却清晰的利益链条：从特朗普的竞选对手，到特朗普家族的“座上宾”，再到如今SEC的“和解对象”，孙宇晨用一场教科书级别的“政治投资”，为自己撬开了一扇通往安全区的大门。

一、从“被告”到“顾问”：那个被特朗普送手表的男人

故事的转折点，并非发生在法庭，而是发生在弗吉尼亚州北部特朗普的高尔夫俱乐部。

● 2025年5月，一场只对“特朗普代币（TRUMP）顶级持有者”开放的私人晚宴在这里举行。要想入场，你得先证明自己是这场“氪金游戏”的赢家。而在这场富豪排位赛中，孙宇晨毫无悬念地拔得头筹——他砸下近1900万美元，买入了超过143万个TRUMP代币，成为该代币的全球最大持有者 。

● 在这场晚宴上，孙宇晨不仅发了言，还收获了一件颇为“贵重”的纪念品——一块价值10万美元的特朗普陀飞轮手表。特朗普甚至对他说：“在座的每一位都是早期加入的，我们这支年轻的团队注定要干一番大事。”

● 从这一刻起，孙宇晨的身份已经悄然转变。他不再是那个在推特上靠蹭热度营销的“孙哥”，而是特朗普家族加密帝国版图中不可或缺的“核心合伙人”。

● 这种亲密关系并非一夜之间建立。早在2024年11月，孙宇晨就通过波场DAO向特朗普家族支持的加密项目World Liberty Financial（WLFI）豪掷3000万美元，成为该项目的最大投资者 。到了2024年年底，他更是被正式任命为WLFI的项目顾问，为这个含着“政治金钥匙”出生的项目提供所谓的“见解和经验” 。

二、USD1的“波场选择”：当政治资源遇上商业闭环

如果说买入代币是“表忠心”，那么真正的深度绑定，则体现在业务的深度融合上。

● 2025年6月，World Liberty Financial正式宣布，在与美元挂钩的稳定币USD1将在孙宇晨的波场区块链上发行 。这并非一个简单的技术选择，而是一个信号：特朗普家族不仅认可孙宇晨的钱，更认可他的“江湖地位”。

● 要知道，波场链早已是全球稳定币巨头USDT的最大发行网络，承载着超过50%的USDT流通量 。对于USD1这样一个新生的稳定币来说，想要在短时间内抢占市场份额，抱紧波场这条“大腿”无疑是最佳捷径。

● 孙宇晨在迪拜与特朗普次子Eric Trump会面时曾放出豪言：“USD1的集成将为波场生态注入新活力，让全球用户通过手机轻松参与全球金融系统。”为了表明白己的决心，他不仅投入了巨资，还在2026年初宣布再投1亿美元，进一步支持TRUMP代币，誓要将其推向“全球品牌”的高度 。

● 至此，孙宇晨与特朗普家族的关系，已经从简单的买卖关系，升级为利益捆绑的战略同盟。

三、SEC的“急刹车”：是司法公正，还是政治干预？

就在孙宇晨与特朗普家族越走越近的同时，大洋彼岸的华盛顿正在发生一场监管地震。

● 2023年，在时任SEC主席加里·根斯勒的领导下，SEC对孙宇晨发起了猛烈攻势。指控书里写得明明白白：孙宇晨及其公司通过操纵市场进行“洗售交易”，在短短几个月内进行了超过60万次虚拟交易，人为拉高TRX代币价格，欺骗投资者 。

● 按照当时的监管风向，孙宇晨即便不“进去”，也得脱层皮。然而，随着2025年特朗普重返白宫并更换SEC领导层，风向彻底变了。新任SEC主席保罗·阿特金斯上台后，大幅调整了对加密行业的执法态度，不仅驳回了针对币安、瑞波、Coinbase等一系列行业巨头的诉讼，更对孙宇晨案踩下了急刹车 。

● 2025年，SEC突然向法院申请暂停审理孙宇晨案，理由是正在“考虑潜在解决方案” 。到了2026年3月，谜底揭晓：孙宇晨方面仅需支付1000万美元的民事罚款，便换来SEC“带有偏见”地撤销所有剩余指控 。

● 这一结果瞬间引爆了华盛顿的政治圈。美国众议员马克辛·沃特斯在听证会上当众质疑SEC主席阿特金斯：“就在你们探索和解的同时，孙宇晨却在积极与特朗普家族的商业圈建立关系，这是巧合吗？” 她直指SEC的执法态度转变背后，存在明显的“政治干预”嫌疑。

● 面对咄咄逼人的质询，阿特金斯只能以“无法公开讨论个别执法案件”为由搪塞过去 。但明眼人都看得出，这种“缓兵之计”恰恰印证了外界的猜测：当被调查对象成了总统家族的“亲密战友”，调查本身就已经失去了原有的力度。

四、和解背后的深层逻辑：一场昂贵的“政治保险”

● 回顾孙宇晨这两年来的操作，你会发现这绝非一次被动的“躺赢”，而是一场精心策划的危机公关与政治豪赌。当大多数人还在用“人傻钱多”的标签调侃他拍下巴菲特午餐、买下香蕉艺术品时，孙宇晨早已跳出了单纯的“营销思维”，进入了更高阶的“权力游戏”。

● 他投入特朗普家族项目的资金，无论是3000万美元的WLFI投资，还是1900万美元的TRUMP代币，本质上都是一笔笔昂贵的“政治保险费”。这笔钱不仅买到了一张通往特朗普私人晚宴的门票，更买到了一张通往政策避风港的“绿卡”。

● 正如金融改革机构Better Markets的政策总监所批评的那样：“考虑到孙宇晨被指控欺诈行为的规模和胆大妄为程度，SEC的和解不过是一种保全颜面的举措。”

● 换句话说，SEC虽然保住了“胜诉”的颜面，但在外界看来，这更像是一场赤裸裸的利益交换。孙宇晨通过支持特朗普家族的商业版图，间接化解了自己在美国面临的最大生存危机。

五、余波未了：加密监管的“双重标准”

● 孙宇晨的“逃出生天”，对于整个加密货币行业来说，无疑具有标杆意义。

● 它向市场传递了一个危险的信号：在当前的美国政治环境下，合规与否不仅取决于法律条文，更取决于你与权力核心的距离。那些没有能力支付千万美元“门票”、没有机会与总统共进晚餐的中小项目，依然面临着监管的重压。

● 与此同时，特朗普家族在加密领域的扩张仍在继续。WLFI不仅发行了稳定币，还向美国货币监理署申请了国家信托银行牌照，试图构建一个集发行、托管、兑换于一体的金融帝国 。而孙宇晨作为这个帝国的“顾问”和最大外部投资者，其商业版图已经与美国的政治周期深度绑定。

 

2026年3月的这个春天，对于孙宇晨而言，无疑是温暖的。SEC的撤诉决定，标志着他终于摆脱了长达三年的监管噩梦。

然而，这场胜利的代价绝不仅仅是那1000万美元的罚款，更是他通过一系列复杂且昂贵的“政治投资”换来的结果。当他在特朗普的高尔夫俱乐部里举起那块陀飞轮手表的瞬间，这场权力与资本的交易就已经写好了结局。

至于这场交易是否动摇了美国司法与监管的根基，恐怕已经不是孙宇晨需要关心的问题了。毕竟对于这位“币圈营销之王”来说，活着，而且活得滋润，才是硬道理。

 

二度闖關美國市場，從收購轉向自主申照的戰略轉型

總部位於倫敦的金融科技巨頭 Revolut 正式宣佈，已向美國貨幣監理署（OCC）與聯邦存款保險公司（FDIC）提交國家銀行特許執照申請，計劃成立名為「Revolut Bank US, N.A.」的實體機構。這項舉動象徵著這家估值高達 750 億的獨角獸企業，正邁向其「打造全球首家真正全球化銀行」願景的關鍵里程碑。

回顧 Revolut 在美國的發展路徑，該公司曾在 2021 年嘗試透過加州監管機構取得執照，但因內部控制與合規疑慮等技術性障礙，最終於 2023 年主動撤回申請。進入 2026 年後，Revolut 的戰略出現顯著調整。該公司在 1 月放棄原本收購現有美國銀行的計劃，改為申請全新的「De Novo」銀行執照，這意味著該銀行將從零開始建立受聯邦監管的實體。

此決定顯然受到目前監管環境變遷的影響，隨著美國金融政策向加密友善方向傾斜，監管機構對於創新金融服務的審核通道有所拓寬。此時提交申請，也緊扣著加密貨幣交易所 Kraken 甫獲得聯邦準備理事會（Fed）母帳戶的產業趨勢，顯示數位資產平台與傳統金融體系的整合進入加速期。

延伸閱讀
加密產業首例！Kraken獲得聯準會精簡主帳戶，傳統銀行強烈反彈

延攬業界老將坐鎮，5 億美金投資計劃展現擴張雄心

為了確保此次申請能順利過關，Revolut 在人事佈局上展現了極高的專業度，延攬具備超過 20 年金融與支付經驗的老將 Cetin Duransoy 出任美國執行長。Duransoy 此前曾領導金融科技平台 Raisin 的美國業務，並在支付龍頭 Visa 擔任要職。原美國負責人 Sid Jajodia 則轉任全球首席銀行官。這項人事異動反映出 Revolut 將美國視為全球成長戰略的核心支柱，該公司正將此市場視為海外發展的最重要戰場。

圖源：Finanz Business Revolut 延攬具備超過 20 年金融與支付經驗的老將 Cetin Duransoy 出任美國執行長

在財務實力方面，Revolut 於 2025 年 11 月完成了一次大規模的次級股權轉讓，使其企業估值達到 750 億，相較於 2024 年的 450 億大幅成長了 66%。強大的資本後盾讓該公司有底氣承諾在未來 3 至 5 年內，對美國市場追加投資 5 億。目前 Revolut 在美國已擁有超過 100 萬名使用者，全球使用者數更突破 7,000 萬名，遍佈 40 個市場。該公司的長遠目標是在 2027 年年中之前，將全球使用者群擴大至 1 億名，取得美國銀行執照是達成此目標的重要引擎。

擺脫仲介束縛，直接對接支付系統與信貸產品

目前 Revolut 在美國提供的金融服務，主要依賴與位於堪薩斯城的合作銀行 Lead Bank 達成協議。雖然這種合作模式能讓 Revolut 提供帳戶與支付功能，卻限制了其產品開發的速度與利潤空間。一旦取得聯邦銀行執照，Revolut 將獲准直接連結 Fedwire 與自動清算系統（ACH），這類核心支付網路每年處理數兆美元的交易。這能大幅提升轉帳速度與可靠性，並降低支付仲介帶來的成本，讓公司具備與摩根大通（JPMorgan）等傳統大型銀行正面競爭的基礎。

獲得執照後，Revolut 將能直接提供受聯邦存款保險公司保護、上限達 250,000 的存款帳戶，這對追求資金安全的美國消費者而言具有強大吸引力。此外，該公司計劃利用其銀行特許權推出多元化的信貸產品，包括信用卡、個人貸款等高利潤服務。透過擁有完整的點對點銀行基礎設施，Revolut 將擺脫合作銀行的束縛，更靈活地推出針對美國使用者設計的數位金融功能，有效縮短產品從開發到上市的週期。

監管海嘯下的機遇，穩定幣與傳統金融邊界的模糊化

Revolut 再次衝刺美國銀行執照的時機點，正好處於美國金融監管體系的轉折期。自 2025 年 7 月《GENIUS 法案》頒佈以來，美國為穩定幣業務與數位金融服務提供了更明確的法律架構。雖然 Revolut 的官方聲明中未直接提及穩定幣，但在英國市場，該公司已被納入法定貨幣掛鉤穩定幣的沙盒測試名單。擁有銀行特許執照後，Revolut 在美國拓展穩定幣服務或將其整合至日常銀行產業務中，將擁有更穩固的法遵基礎。

與此同時，OCC 對於全新銀行（De Novo）申請的態度也出現轉向。去年 OCC 受理的這類申請案達 14 件，幾乎等同於前 4 年的總和，這反映出政策環境對於數位原生銀行的包容度正在提升。儘管美國獨立社區銀行家協會（ICBA）對此類跨界申請表示擔憂，認為可能對經濟穩定構成風險，但 Revolut 此時重返戰場，顯然是看準了這股不可逆的金融融合潮流。

對於 Revolut 的使用者而言，未來能在同一個應用程式中，流暢地體驗法定貨幣儲蓄、加密資產交易以及受保險保障的信貸服務，這正是傳統銀行界感到壓力的競爭挑戰。

『估值750億美元！Revolut再闖美國銀行牌照，延攬20年業界老將坐鎮』這篇文章最早發佈於『加密城市』

哈世链闻消息，3月5日，据知情人士透露，波兰央行行长Adam Glapinski提出一项提案，计划通过出售部分黄金储备筹集最多480亿兹罗提（约合130亿美元），资金用于资助国防开支，该计划已得到波兰总统支持。Glapinski在周三与总统会面时概述了该提议，他表示波兰央行可通过减持其约550吨黄金储备中的部分份额获利，后续还会将售出的黄金购回。数据显示，波兰央行一直是全球公开报道的最大黄金买家。这一融资倡议目前在波兰面临法律和政治障碍，因为波兰法律禁止央行直接资助政府。知情人士称，另一种替代方案是修改法律，允许央行对黄金储备进行重新估值以产生利润，并起草立法规定这部分资金专门用于国防开支。目前尚不清楚利润是否能在年内派发，这可能需要进一步的法律变更。

The International Monetary Fund (IMF) has announced its readiness to extend assistance programs for member countries facing balance of payments challenges due to the significant rise in oil prices. Bloomberg posted on X, highlighting the IMF's commitment to providing support to economies impacted by the volatile energy market. The organization aims to help stabilize financial conditions and ensure economic resilience amid fluctuating oil costs. This initiative is part of the IMF's broader strategy to address global economic uncertainties and support sustainable growth.

Key takeawaysJunyang Lin, the architect behind Alibaba’s Qwen AI model, has stepped down as technical lead.Alibaba Group shares fell up to 5.3% in Hong Kong following the announcement.Lin previously warned that Chinese AI firms face a technology gap with U.S. competitors.His exit raises questions about Alibaba’s long-term AI strategy.Alibaba AI Architect Steps DownJunyang Lin, one of the key engineers behind Alibaba’s flagship artificial intelligence platform Qwen, has stepped down from his role as technical lead.Lin announced the departure in a short post on X, writing: “me stepping down. bye my beloved qwen.”His resignation has sparked strong reactions across the developer community and raised new questions about the future direction of Alibaba’s artificial intelligence initiatives.The announcement also triggered market volatility, with Alibaba’s Hong Kong-listed shares dropping as much as 5.3% during intraday trading, marking the company’s largest decline since October.Qwen AI Platform at the Center of Alibaba’s StrategyDuring his tenure, Lin helped develop the Qwen series of large language models, which serve as the core technology behind Alibaba’s AI ecosystem.Qwen powers multiple applications, including:AI chat and productivity toolsenterprise AI servicesmultimodal systems capable of processing text, images, and videoThe platform has positioned Alibaba among the major players in China’s AI race, competing with global leaders such as:OpenAIAnthropicRecent updates to Qwen introduced agent-based AI capabilities, allowing the system to perform complex automated tasks.Lin Previously Warned About US–China AI GapLin has been a prominent voice in China’s AI industry and previously cautioned that Chinese companies may struggle to match U.S. breakthroughs in the near term.Speaking at a forum in Beijing earlier this year, he noted that American AI leaders have significantly greater computing resources.He pointed out that companies such as OpenAI dedicate vast infrastructure to next-generation research, while many Chinese developers remain focused on meeting product demand and deployment timelines.Alibaba’s Massive AI Investment PlanArtificial intelligence has become a central pillar of Alibaba’s growth strategy.Chief executive Eddie Wu has pledged more than $53 billion toward AI infrastructure and development, with the company signaling it may invest even more over time.Alibaba has increasingly shifted its focus beyond e-commerce toward:AI cloud servicesgenerative AI toolsrobotics and automationLin himself helped launch a robotics initiative inside Alibaba last year, expanding the company’s AI ambitions.Developer Community Reacts to DepartureLin’s exit triggered hundreds of responses from developers and open-source contributors who have followed Qwen’s development closely.At least one additional Alibaba engineer reportedly announced plans to leave the company following Lin’s post, highlighting uncertainty inside the organization.Industry observers say the departure could create short-term instability for Alibaba’s AI roadmap, particularly as competition intensifies in the global generative AI race.Outlook for Alibaba’s AI AmbitionsDespite the leadership change, Alibaba remains one of the most aggressive AI investors in China.With billions committed to infrastructure and continued development of the Qwen ecosystem, the company is still positioning itself as a major competitor in the global artificial intelligence market.However, Lin’s sudden departure may increase scrutiny over how effectively Alibaba can execute its long-term AI transformation strategy.

Bitcoin spot ETFs are seeing renewed institutional demand, with $462 million in net inflows recorded in a single day as BTC briefly rose above $73,000. According to Bloomberg ETF analyst Eric Balchunas, nearly all U.S. Bitcoin ETFs have now turned net positive in year-to-date flows, signaling a notable shift in institutional positioning.The inflows were led by iShares Bitcoin Trust (IBIT), which attracted about $307 million, helping extend a three-day ETF inflow streak to roughly $1.1 billion and around $1.5 billion over the past five days. Balchunas noted that only three funds remain negative year-to-date, including Fidelity Wise Origin Bitcoin Fund (FBTC) with roughly $1.1 billion in outflows, as well as Grayscale Bitcoin Trust ETF (GBTC) and ARK 21Shares Bitcoin ETF (ARKB), which have seen about $648 million and $162 million in outflows respectively.

哈世链闻消息，3月5日，据Cointelegraph报道，谷歌威胁情报小组发布报告称，发现一款名为"Coruna"的新型iOS漏洞利用套件，可针对运行iOS 13.0至17.2.1版本的iPhone发起攻击，窃取加密钱包助记词。该套件包含5条完整的iOS漏洞利用链和23个漏洞，其中部分此前未被公开。GTIG于2025年2月首次发现该套件，并追踪到其曾被疑似俄罗斯间谍组织用于针对乌克兰用户，随后出现在伪造的中国加密网站上，旨在窃取加密资产。当用户通过iOS设备访问这些网站时，套件会扫描包含助记词及"备份短语"、"银行账户"等关键词的文本，并针对Uniswap、MetaMask等加密应用提取敏感信息。GTIG敦促iPhone用户将设备更新至最新iOS版本，或开启"锁定模式"以抵御攻击。该套件不兼容最新版iOS。

Turkey has invested $12 billion to stabilize its currency, the lira, during a period of global market volatility caused by the conflict in Iran. Bloomberg posted on X, highlighting the significant financial measures taken by Turkey to maintain currency stability. The intervention comes as the lira faces pressure from external geopolitical tensions, impacting its value in the international market. Turkey's efforts reflect its commitment to safeguarding its economy amidst challenging global conditions.

U.S. chip stocks experienced a short-term decline as news emerged about a potential requirement for global AI chip exports to have licenses. According to Jin10, Micron Technology saw a 3.4% drop, AMD fell by 2.2%, and Nvidia decreased by 1.8%. The proposed regulation could impact the international trade of AI chips, affecting major players in the semiconductor industry.

Bitwise Chief Investment Officer Matt Hougan has suggested that the era of widespread gains across all cryptocurrencies, known as the 'altcoin season,' may not occur again. According to PANews, Hougan believes that the future will see a 'non-traditional altcoin season,' where only assets with real-world applications and genuine growth momentum will be rewarded by the market.

Hougan highlighted that the upcoming altcoin season will be more differentiated, with the market potentially repricing certain tokens, especially those linked to major businesses. He noted that Bitcoin has recently started to bottom out and is showing an upward trend. The discussion around altcoin season remains a topic of debate within the industry. Data from Santiment indicates that mentions of altcoins on social media have dropped to a two-year low, suggesting that investor focus is currently centered on Bitcoin.

Iranian citizens have expressed mixed feelings following the end of Ayatollah Khamenei's leadership, according to Jin10. While some have praised the involvement of Israel and the United States in this development, there is also concern about the potential consequences and what might happen next. The situation has sparked discussions among the populace, reflecting a blend of optimism and apprehension about the future political landscape in Iran.

Macro strategist Lyn Alden has predicted that Bitcoin may experience stronger price appreciation than gold in the coming two to three years. According to NS3.AI, Alden shared her insights on the New Era Finance podcast, highlighting that gold recently reached an all-time high of approximately $5,608 in January. She noted that the sentiment surrounding gold appears somewhat overheated, while Bitcoin faces unfairly negative sentiment. Alden believes this disparity in sentiment offers Bitcoin better upside potential.

Iranian media has reported multiple explosions occurring both west and east of Tehran. Bloomberg posted on X, highlighting the developments in the region. Meanwhile, the United States has issued a license permitting India to purchase certain quantities of Russian oil, marking a significant move in international trade relations.

U.S. President Donald Trump stated that the United States continues its efforts to 'totally demolish' Iranian forces, emphasizing the ongoing tensions between the two nations. The situation remains dynamic, with further updates expected as events unfold.

哈世链闻消息，3月6日消息，据金十援引《华尔街日报》报道，知情人士透露，伊朗向阿联酋境内目标发射超过1000枚无人机和导弹后，阿联酋正在考虑冻结伊朗在该国所持有的约数十亿美元资产，这一举措可能会切断伊朗最重要的经济命脉之一。如果阿联酋采取该行动，伊朗获取外汇以及参与全球贸易网络的渠道将会受到极大限制，而伊朗国内经济本已经因通货膨胀陷入困境。阿联酋官员已私下向伊朗发出将可能采取行动的警告。据知情官员透露，潜在措施包括冻结用于掩盖贸易活动的阿联酋籍“影子公司”的资产，以及对用于绕过正规银行渠道转移资金的当地货币兑换机构进行全面金融打击。除金融手段外，政策制定者还在考虑采取直接海上行动，比如扣押伊朗船只。

Overseas investors are withdrawing funds from emerging Asian stocks at the quickest rate in almost four years. Bloomberg posted on X, highlighting that the intensifying conflict in Iran is prompting a global market risk reassessment. This trend reflects growing investor caution as geopolitical tensions rise, impacting financial markets worldwide. The situation underscores the interconnectedness of global economies and the sensitivity of emerging markets to international developments.

Morgan Stanley has taken a more cautious approach towards Asian equities, reducing its exposure to India due to concerns over potential disruptions in supply chains. Bloomberg posted on X that the financial services firm is particularly worried about the impact of the ongoing conflict in Iran on oil flows through the Strait of Hormuz. The firm believes that if oil transportation through this critical passage does not recover, it could have significant implications for regional markets. This strategic adjustment reflects Morgan Stanley's broader assessment of geopolitical risks affecting the Asian market landscape.

Tesla has announced plans to launch its Full Self-Driving (FSD) feature in Japan by the end of 2026. AB Kuai.Dong posted on X. This marks the first official demonstration of a Model Y vehicle navigating the streets of Japan, featuring right-hand drive. The introduction of FSD in Japan is part of Tesla's broader strategy to expand its autonomous driving capabilities globally. The company aims to enhance the driving experience by integrating advanced technology that allows vehicles to operate with minimal human intervention. Tesla's move to bring FSD to Japan aligns with its commitment to innovation and leadership in the electric vehicle market. The company continues to push the boundaries of automotive technology, seeking to offer more convenience and safety to its users. As Tesla progresses with its plans, it will likely face regulatory and infrastructural challenges unique to the Japanese market. However, the company's initiative reflects its confidence in overcoming these hurdles and establishing a strong presence in the region.

Aluminum prices are on track for their largest weekly increase since September 2024. Bloomberg posted on X that the ongoing conflict in the Middle East has disrupted shipments from the region, causing significant upheaval in physical markets. The escalation in tensions has led to concerns over supply chain stability, contributing to the sharp rise in aluminum prices. Market analysts are closely monitoring the situation as it continues to evolve, with potential implications for global trade and commodity markets.

Google has announced the release of Google Workspace CLI, a tool designed for both human users and AI agents. According to Odaily, this new tool supports Google Drive, Gmail, Calendar, and all Workspace APIs, and includes over 40 built-in agent skills.

币界网消息，据 1M AI News 监测，腾讯云今日在园区门口设摊，轻量应用服务器 Lighthouse 工程师现场为用户免费部署开源 AI 助理 OpenClaw。服务涵盖安装部署、模型配置和即时通讯渠道对接。几小时内数百个实例部署完毕，到场者年龄从 2 岁到 60 岁，有父母代替上班的子女前来「养虾」。腾讯员工称上一次这么大阵仗还是排队领开工利是。腾讯云表示，Lighthouse 单日部署规模已突破产品发布以来的最高峰值。腾讯同日上线多项 OpenClaw 配套服务。智能体开发平台 ADP 推出企业级部署方案，整合权限管理和安全审核。云桌面提供预装 OpenClaw 的镜像环境，支持 Linux、Windows 和云手机。腾讯电脑管家 18.0 推出「AI 安全沙箱」，为 OpenClaw 等 Agent 工具提供系统级隔离和行为监测，已开启内测。

According to CoinAnk data, the cryptocurrency market witnessed liquidations totaling $231 million in the past 24 hours. According to Foresight News, long positions accounted for $166 million of the liquidations, while short positions made up $65.71 million. Bitcoin saw liquidations of approximately $105 million, and Ethereum experienced liquidations around $40.64 million.

Bitcoin non-empty wallets have reached an all-time high, while the supply of Bitcoin on exchanges has fallen to its lowest level since 2017. According to ChainCatcher, this trend indicates a growing adoption of Bitcoin, with more investors opting to store their assets in offline wallets.

Solana-based decentralized exchange Jupiter has introduced the Jupiter Card, an innovative on-chain payment card integrated into its mobile application. According to NS3.AI, this new card allows users to spend USDC at merchants worldwide that accept Visa, enhancing the utility of digital currencies in everyday transactions. The integration aims to streamline the process of using cryptocurrencies for payments, potentially increasing adoption among users seeking convenient and secure payment options.

Stablecoin infrastructure firm ZeroHash has submitted an application to the U.S. Office of the Comptroller of the Currency for a national trust bank charter. According to NS3.AI, the firm aims to focus on digital asset services following a successful funding round that raised $250 million, valuing the company at $1.5 billion. The application specifically excludes retail deposits, consumer lending, and FDIC insurance, concentrating instead on custody, staking, stablecoin management, and related settlement services.

In a separate move, British fintech company Revolut has also applied for a full U.S. national bank charter. This application is intended to expand its offerings to include checking, savings, lending, and future crypto services, with direct access to Fedwire and ACH systems. Both companies are seeking to enhance their presence in the U.S. financial market by leveraging these charters to provide specialized digital asset services.

Xiaomi has announced the launch of Xiaomi Miclaw, an AI interaction test product based on the MiMo large model. According to PANews, this marks a small step in Xiaomi's exploration of AI agents. The product is currently undergoing a limited closed test starting today.

Xiaomi Miclaw is designed to transform smartphones into AI tools, capable of understanding user intentions and executing commands by calling third-party applications and system-level tools. It can also grow and adapt, refining its behavior and expanding its capabilities over time. The product aims to improve its understanding of users through a memory system that accumulates experiences.

As an exploratory product, Xiaomi Miclaw is still being optimized for stability, power consumption, and execution success rates in complex scenarios. Users may experience fluctuations in execution efficiency or occasional failures with highly complex tasks.

The closed test is invitation-only, and Xiaomi advises against upgrading on primary devices. Tech enthusiasts and heavy AI users are encouraged to back up data and test the product in controlled environments. Users granted access to the closed test will receive a specific system version update required to use Xiaomi Miclaw. The test is limited to certain models, including the Xiaomi 17 Ultra Leica Edition, Xiaomi 17 Ultra, Xiaomi 17 Pro Max, Xiaomi 17 Pro, and Xiaomi 17.

The short-seller report that just dropped on Ethereum is absolutely brutal, and it is sparking a massive debate across the timeline.

Culper Research, a well-known aggressive short-selling firm, just announced they are officially shorting Ethereum and ETH-proxy stocks like BitMine. Their core argument is that Ethereum's highly anticipated "Fusaka" upgrade from December 2025 completely broke the network's tokenomics.
Here is exactly what they are claiming. The Fusaka upgrade increased the Layer-1 gas limit from 45 million to 60 million, which flooded the network with excess blockspace. This caused transaction fees to crater by roughly 90%. While cheap fees sound great for retail users, Culper argues it is fatal for network security. Because validators earn a chunk of their income from those fees, the massive drop is heavily compressing staking yields. Culper is warning that this creates a negative feedback loop—a "death spiral"—where lower yields kill staking demand, which ultimately weakens the entire security of the chain.

The report also takes a direct shot at BitMine Chairman Tom Lee. Lee has been arguing that the network is stronger than ever because active addresses and transaction counts are going up. But Culper fired back, claiming that this volume is completely fake utility. According to their on-chain analysis, since the Fusaka upgrade made blockspace so cheap, the network has been flooded with "dusting" and "address poisoning" scams. They estimate that a massive chunk of this new activity is just attackers sending tiny amounts of crypto to trick users with fake wallet addresses, rather than actual organic growth.
To make things even more dramatic, Culper pointed out that Ethereum founder Vitalik Buterin recently sold nearly 20,000 ETH this year, worth around $40 million. The firm is using this as proof that Vitalik supposedly knows the tokenomics are broken and is cashing out. However, Vitalik's father immediately fired back on social media, calling the short-sellers "attention-seeking clowns" and dismissing the accusations as pure nonsense.
Either way, with BitMine allegedly sitting on roughly $7.4 billion in unrealized losses from their massive 4.4 million ETH treasury, this short report is putting intense pressure on the Ethereum ecosystem right now.
Disclaimer: Short-seller reports can cause severe market volatility. This analysis is for educational purposes only and does not constitute financial, investment, or trading advice. Always manage your risk.
#Ethereum #CryptoMarket #Web3

Solv Protocol experienced an exploit in one of its BRO vaults, resulting in approximately $2.7 million in losses, equivalent to 38.0474 SolvBTC. According to NS3.AI, the incident impacted fewer than 10 users, and Solv has committed to compensating their losses. The protocol assured that all other vaults and user assets are secure, and the SOLV token continues to trade in line with the broader market recovery.