DeFi Education Fund names Amanda Tuminelli as new executive director as crypto legislation gains tractions in Washington

According to AiCoin monitoring, a large amount of funds flowed out of the US spot BTC ETF market yesterday, with a net outflow of up to $135 million. Among them, the outflow was mainly from FBTC, with a daily net outflow of $75.5 million; Next is ARKB, with a total of 60.2 million US dollars. And the grayscale GBTC outflow was $12.7 million. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

According to @ ai_9684xtpa monitoring, ETH Whale 0x59A... D472B recharged 2400 ETH (approximately 4.47 million US dollars) to the exchange 3 hours ago, suspected of preparing to cut meat and sell. The giant whale opened a position during the ETH downtrend in February and March, with a cost price of approximately $2697. The current recharge price is $1862, and the position has shrunk by nearly 31%. If all of it is sold, it is expected to lose $2.005 million.

According to BlockBeats, on March 14th, Nate Geraci, President of The ETF Store, said on social media, "We predict that BlackRock will apply for SOL and XRP spot ETFs. SOL applications may be submitted at any time, while XRP is expected to take place after the SEC lawsuit ends

According to Foresight News, 0G Foundation has released an update on its token economics, with community rewards increasing from 9.69% to 13% (unlocking 20% during TGE), ecosystem rewards decreasing from 31.31% to 28% (unlocking 49% during TGE), and the rest remaining unchanged. Foresight News previously reported that the 0G Foundation has released the initial version of Token Economics. The total supply of tokens is 1 billion, with an initial circulation of 27.96% during TGE. Among them, 9.69% will be allocated for community rewards (unlocked 2.4% during TGE), 31.31% will be allocated for ecosystems (unlocked 72.6% during TGE), 15% will be allocated to nodes (unlocked 33.3% during TGE), 22% will be allocated to teams (locked for 12 months, linearly unlocked for the next 36 months), and 22% will be allocated to supporters (locked for 12 months, linearly unlocked for the next 36 months).

On March 12th, Ru Haiyang, Co CEO of HashKey Exchange Business Group, systematically explained the breakthrough upgrade of Hong Kong's virtual asset regulatory system during a roundtable discussion on "Innovation and Security: Seeking Balance in Cryptocurrency Regulation" on CNBC Converge Live. He pointed out that the Hong Kong Securities and Exchange Commission is building a globally leading flexible regulatory framework, striving to achieve a strategic transformation from prudent regulation to innovation driven regulation, and establishing a regulatory paradigm for the Asia Pacific digital asset market. When reviewing the regulatory process of virtual assets in Hong Kong, Ru Haiyang stated that the regulatory authorities have always adhered to the principle of&34; Emphasizing both standardization and development&34; Forward looking layout. The early professional team built a regulatory foundation that balances market vitality and risk prevention, relying on their profound accumulation in the fields of regulation, law, and auditing. After the JPEX incident, the regulatory authorities placed investor protection at a critical position, setting strict standards for operational norms and conducting rigorous reviews of token listings. During this period, regulatory authorities maintained close communication with the industry, laying a solid foundation for future development. Ru Haiyang further analyzed: "Nowadays, a series of changes are happening. Six months ago, there were only two licensed virtual asset exchanges in Hong Kong. Now, through a 'rapid and efficient licensing mechanism', the Securities and Futures Commission has issued licenses with specific operating conditions to another 810 platforms, and 8 more are in the approval process. In addition, the China Securities Regulatory Commission has established a "Consultation Group for Virtual Asset Licensed Institutions" to extensively collect opinions from various parties in the market. While strictly fulfilling regulatory responsibilities, issuing warning letters, publicly condemning and transferring bad behavior to law enforcement departments in a timely manner, we also proactively provide direction for industry product innovation, such as recently focusing on promoting the development of pledge services and tokenized money market funds. This new transparent collaboration model greatly enhances the synergy efficiency between regulation and the industry, effectively promoting the healthy development of Hong Kong's virtual asset industry Ru Haiyang emphasized that a clear and reasonable regulatory framework is of great significance in attracting more institutional investors to enter and promoting the large-scale application of virtual assets. At present, end customers are mainly concentrated in traditional financial institutions, and the integration of traditional finance (TriFi) and the encryption field has become an unstoppable industry trend. Under the active and pragmatic regulatory guidance of the Hong Kong Securities and Futures Commission, and through the continuous efforts of the industry, the virtual asset industry in Hong Kong is expected to usher in a more prosperous development situation.