According to market news, Kentucky's cryptocurrency bill HB701 has been passed by the Senate and sent to the governor for signature. The bill protects custody rights, exempts nodes from currency transfer rules, and prohibits new taxes on payments. The bill was passed in both houses without a single vote against it.

CZ posted a message on Binance Square saying "I'm going to meet a friend this weekend" and attached a Mubarak-related meme picture. According to GMGN data, after the post, Mubarak rose by more than 150%, with a market value of over $20 million and now at $24 million.

According to the monitoring of on-chain analyst Yu Jin, the "Hyperliquid 50x Whale" closed its long LINK positions in both spot and contract positions 4 hours ago, with a loss of $1.27 million. Subsequently, it shorted 1,937 BTC with 40x leverage on the Hyperliquid platform with a margin of $3.75 million, with an opening price of $84,287, a position value of $160 million, and a liquidation price of $85,158.

According to a memorandum dated March 5 issued by the White House, American AI and cryptocurrency czar David Sacks sold more than $200 million in digital assets through his personal and company Craft Ventures before taking office to reduce potential conflicts of interest. Of this, at least $85 million directly belonged to David Sacks, but Craft Ventures still holds some fund investments involving crypto assets.

On-chain analysis platform CryptoQuant tweeted that it is witnessing the weakest period of Bitcoin demand this year. Compare the new supply with the supply that has been idle for more than a year to understand the current demand dynamics. When the ratio is below 0, it indicates that demand has turned negative, which means that the number of Bitcoins actively acquired has decreased. It can be seen that demand has been weakening since December and has continued to decline over time. This suggests that investors have become more cautious amid ongoing political and economic uncertainty and may turn to lower-risk assets.

Goldman Sachs mentioned cryptocurrencies in its annual shareholder letter, acknowledging their growing role in financial markets and competition. "The growth of electronic trading and the introduction of new products and technologies, including trading and distributed ledger technologies (such as cryptocurrencies) and artificial intelligence technologies, have increased competition," Goldman Sachs said in the letter. "In some cases, our competitors may offer financial products that we do not offer and that our customers may prefer, including cryptocurrencies and other digital assets that we cannot or may choose not to offer."

Coinbase Derivatives has submitted an application to the CFTC to self-certify Natural Gas (NGS) futures and Cardano (ADA) futures, thereby expanding its product range in the energy and cryptocurrency derivatives markets. The products are expected to go live on March 31.

VanEck has filed an S-1 application with the SEC to launch the Avalanche ETF. The application states: "The investment objective of the trust is to reflect the price performance of the Avalanche network's native token 'AVAX' less the expenses of the trust's operations."

The dragon slayer eventually becomes the dragon. Is Bitcoin becoming the financial system it was supposed to subvert? How can the cryptocurrency industry achieve a breakthrough and return to value?

U.S. consumer confidence plunged in March and inflation expectations soared on concerns that President Donald Trump's sweeping tariffs will push up prices and weaken the economy. Trump's tariffs have sparked a trade war. The University of Michigan's consumer confidence index, released on Friday, fell to 57.9 from a final reading of 64.7 in February. The index erased all of its gains after Trump won the election last November. Consumers' 12-month inflation expectations jumped to 4.9% from 4.3% in February. Over the next five years, consumers expect inflation to reach 3.9%. The shock of tariffs and the escalation of the trade war have roiled financial markets, triggering a stock market sell-off that also contributed to the sour sentiment this month. A poll showed that 57% of respondents believed that Trump's measures to revive the economy, including deep cuts in government spending and mass layoffs of federal workers, were too shaky, and 53% believed that the tariff war would do more harm than good.

As a key component of the ecosystem, the cross-chain bridge undertakes the basic function of connecting different blockchain networks and realizing cross-chain asset transfer.

Binance Wallet announced the launch of an exclusive TGE (Token Generation Event), and early project applications are now open; Binance Wallet is committed to helping small and medium-sized promising projects launch their tokens fairly through exclusive TGE events and reach an active real user base. After the token is launched, the token will be included in Binance Alpha. As a Binance platform listing observation selection pool, Binance Alpha is a platform for showcasing early crypto projects with growth potential. In addition, projects can also get liquidity support from Binance Wallet to start on-chain liquidity.

Layer1 blockchain Shardeum is preparing for the launch of its mainnet and has launched a structured airdrop campaign for early contributors. A total of 5.5 million SHM tokens will be distributed to 63,000 eligible wallets, and the airdrop is divided into two different phases, each targeting a different group of contributors: Phase 1 rewards users who participated in the Liberty Alphanet and Sphinx Betanet between February 2022 and June 2024, with a snapshot taken on June 22, 2024, with a total allocation of 3.3 million SHM. Phase 2 is mainly aimed at those who participated in Shardeum's Atomium incentivized testnet between June 2024 and March 2025, and a snapshot was taken on March 1, 2025, with a total allocation of 2.1 million SHM.