BTC may face a counterattack in the short term, and the flow of large funds shows emotional fluctuations!

According to Cryptoslate, Coinbase is requesting records of the fees incurred by the Securities and Exchange Commission (SEC) in carrying out regulatory actions during the tenure of former chairman Gary Gensler. Coinbase Chief Legal Officer Paul Grewal revealed that the company has submitted a request under the Freedom of Information Act seeking data on employee hours, contractor fees, and other projects related to what he called the SEC's "cryptocurrency war". His statement pointed out the SEC's investigation of Coinbase, Gemini and other companies under Gensler's leadership, and the extensive impact on American employment and technological competitiveness. The application submitted under the Freedom of Information Act requires detailed documentation on the number of enforcement actions taken against digital asset entities, the associated costs of these actions, and the personnel resources allocated for them. Coinbase also hopes to obtain information on the previously referred to "Crypto Assets and Networks Department", requesting clarification on the department's budget, number of employees, and total compensation. According to Grewal, this move aims to expose how taxpayer funds are being used to support what he believes is radical regulation lacking formal regulations. Grewal further pointed out that the company will continue to seek higher transparency and hinted that the upcoming documents may reveal to what extent enforcement measures have influenced policy decisions.

Odaily Planet Daily News: The Dojima Exchange in Osaka plans to apply for the listing and trading of Bitcoin futures before the end of March. If approved by the Financial Services Agency, this will become the first traditional exchange in Asia to offer Bitcoin futures trading, and may begin trading Bitcoin futures denominated in Japanese yen as early as the 2025 fiscal year. The number of active cryptocurrency accounts in Japan has almost doubled in the past two years, reaching approximately 7.13 million as of the end of December last year. With the expansion of individual investors' participation in cryptocurrency investment, the demand for price hedging tools in the market is also growing. If there is a synergistic effect between futures and spot trading, the expansion of the Japanese market may attract more institutional investors to participate. At present, Bitcoin futures are mainly traded on the Chicago Mercantile Exchange (CME) in the United States. If the Japanese Dojima Exchange starts offering futures trading, it may become the main price indicator during the Asian trading session. SBI Holdings and other companies are investors in the Dokdo Exchange. SBI Chairman and President Yoshitaka Kitao, who is regarded as a promoter of "Web3," has been advocating for the development of cryptocurrency futures trading on the Dojima Exchange and supporting the Osaka Prefectural Government's vision of an international financial city. (Bloomberg)

According to Bitcoin.com, in February 2025, cryptocurrency venture capital activities rebounded, with 98 projects receiving a total of $951 million in public financing, a 14% increase compared to the previous month. However, according to RootData data, the year-on-year investment level has still decreased by 35% compared to February 2024. Stablecoins and payments have become the dominant categories, attracting a large number of institutional support. DeFi and artificial intelligence (AI) fields have also received significant growth in financing. However, Layer1/Layer2 blockchain projects and CeFi investments are still relatively sluggish. The continuous inflow of funds into stablecoins, payments, and decentralized financial infrastructure indicates that institutions are increasingly confident in regulated and scalable cryptocurrency applications. With the increasingly clear regulatory environment, venture backed enterprises are expected to drive the next wave of cryptocurrency adoption.

Odaily Planet Daily News: In February, the Ethereum lending market experienced the most severe liquidation event in 12 months, with nearly $500 million in collateral being liquidated. This is the second highest monthly clearing amount in DeFi history, second only to the clearing amount during the market crash in May 2021, when the clearing amount reached $670 billion. As expected, the surge in liquidation coincided with the overall market decline, leading to a significant decrease in the total market value of cryptocurrencies and triggering a large number of forced liquidation. Most of these settlements occurred on the two largest lending platforms, Aave and Compound, which handled the majority of the settlement volume in February. The clearing mechanism of the platform allows third-party liquidators to repay partially insolvent loans and obtain collateral from borrowers at a discounted price, typically between 5% and 15%, depending on the assets, thereby providing efficient adjustment incentives for the market.

According to Bitcoin.com, Binance announced on March 3 that it will remove multiple stablecoins that do not comply with the provisions of the Crypto Assets and Markets Regulation Act (MiCA) from its platform serving residents of the European Economic Area (EEA). Among them, the largest stablecoin USDT ranks first on the delisting list, while other affected stablecoins include FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. Binance urges users to convert these stablecoins into USDC, EURI, or EUR as soon as possible, but clarifies that EEA users can still deposit or withdraw these non compliant stablecoins and promises to continue custody. Starting from March 31st, EEA users can only process these stablecoins through Binance conversion services. Binance plans to terminate support for USDT, similar to other major cryptocurrency trading platforms such as Coinbase and Crypto.com, which also comply with MiCA regulations by delisting USDT. These platforms have taken similar measures.