Gate Cryptocurrency News and Market Analysis

Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.
Gate Daily (March 12): Wells Fargo submits WFUSD application; Ledger reveals MediaTek chip leak of recovery phrases

Gate Daily (March 12): Wells Fargo submits WFUSD application; Ledger reveals MediaTek chip leak of recovery phrases

Bitcoin temporarily reports $69,980, driven by CPI data. Wells Fargo applies for WFUSD trademark to explore crypto business, Ledger reveals MediaTek chip vulnerability. U.S. stocks mostly close lower as markets focus on Middle East tensions. Investor sentiment remains stable, with overall performance flat.

SEC and CFTC sign memorandum to end the battle over cryptocurrency regulation dominance

The U.S. SEC and CFTC have signed a Memorandum of Understanding to establish a regulatory coordination mechanism in the fields of cryptocurrency and related areas, aiming to address issues of unclear traditional jurisdiction. The memorandum emphasizes a "minimum effective regulation" strategy, intended to reduce intervention in market participants, promote market innovation, and provide a clearer compliance framework to enhance the United States' financial competitiveness.

Hyperliquid daily oil futures trading reaches 991 million, with a surge surpassing traditional markets amid Iran conflicts

DeFi derivatives platform Hyperliquid, amidst the Iran conflict, saw oil-linked perpetual futures trading volume reach $991 million, demonstrating the trading advantage of the crypto market when traditional markets are closed. The HYPE token experienced increased buyback demand due to a surge in trading volume, and its market capitalization also grew, reflecting active crypto trading influenced by geopolitical factors.

Why did Bitcoin rise today? CPI met expectations, and the Federal Reserve confirmed no change in policy

The US February Consumer Price Index met expectations, prompting Bitcoin prices to rebound to around $70,000. The CPI report reduced market uncertainty regarding the Federal Reserve's interest rate decisions, which is favorable for risk assets. Despite global market pressures, Bitcoin continues to benefit from short-term sentiment improvement, but rising energy prices could reignite inflation and impact liquidity. $72,000 is an important resistance level for Bitcoin; a breakthrough is needed for further upward movement.

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Hash2cash Bets on Tokenized Hashrate; Executive Rejects AI Pivot

The bitcoin mining industry is facing a severe hashrate shakeout, leading many independent operators to cease operations. In response, Hash2cash is pushing a high-tech rebranding by tokenizing hashrates on the TON blockchain. A High-Tech Pivot in a Brutal Market As the bitcoin mining industry
BTC-0,6%
TON1,72%
Coinpedia·17m ago

Revolut Receives Approval to Launch Fully Licensed UK Bank

_Revolut receives approval to launch a fully licensed bank in the UK, enabling protected deposits and expanded financial services._ Fintech company Revolut has received approval to operate as a fully licensed bank in the United Kingdom. The decision comes after regulatory clearance for its
LiveBTCNews·25m ago

Is the threat of quantum computing to Bitcoin overestimated? ARK Invest illustrates a five-stage progressive risk chart

ARK Invest and Unchained's white papers rebut concerns about Bitcoin facing quantum computing risks, emphasizing that this threat will evolve gradually rather than as a sudden event. Currently, Bitcoin is not under direct threat, and post-quantum cryptography advancements are ahead of quantum computing. The reports provide a five-phase framework, recommending that holders consider migrating from old addresses and believe that the necessary upgrades can be completed within 10 to 20 years.
MarketWhisper·28m ago
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White House Digital Director: Stablecoin yields benefit the US banking industry, and new assets will flow into traditional finance

White House Digital Asset Advisory Committee Executive Director Patrick Wieth supports the legitimacy of stablecoin yields, believing that when foreign investors exchange local currency for U.S. stablecoins, it actually brings new net capital inflows to the U.S. banking system. This view contrasts with the banking industry's concerns about stablecoins stealing deposits and has sparked a debate on how to balance financial innovation with community bank interests.
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MarketWhisper·49m ago
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Michael Saylor boldly states: MicroStrategy can absorb an "oversupply" of Bitcoin

MicroStrategy Executive Chairman Michael Saylor stated that the company can sustainably purchase more Bitcoin than market sellers, demonstrating its financial strength and long-term holding willingness. Since 2020, MicroStrategy has accumulated 738,731 Bitcoins. Although the current market value is approximately $50 billion, lower than the $56 billion acquisition cost, Saylor emphasized that they are not affected by short-term fluctuations and will continue to increase holdings, impacting the market supply and demand structure.
MarketWhisper·59m ago
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Metaplanet establishes a venture capital division, investing 4 billion yen in the Bitcoin ecosystem

Japanese publicly listed company Metaplanet has established a venture capital division, Metaplanet Ventures KK, with plans to invest approximately 4 billion yen to promote the development of domestic Bitcoin financial infrastructure. The division covers investments, incubation, and funding programs, and emphasizes that it will not affect its long-term Bitcoin holding strategy. The goal is to accumulate 210,000 Bitcoins by 2027 to help enhance Japan's international competitiveness.
MarketWhisper·1h ago
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