News

PANews reported on March 2 that, according to Onchain Lens monitoring, "Machi Big Brother" Jeffrey Huang has once again faced partial liquidation. His 25x leveraged long position in ETH has been further reduced, and his wallet balance is now only about $9,000.

PANews, March 2 — According to The Block, JPMorgan analysts stated in a report that the U.S. crypto market structure legislation, the CLARITY Act, may be approved by mid-year and could serve as a positive catalyst in the second half of the year. The bill has currently advanced in the House of Representatives, while the Senate is still in discussions. At present, there are two major points of contention: stablecoin yield issues and conflicts of interest among government officials. The analysts pointed out that if the bill passes, it will reshape the market structure by providing regulatory clarity, ending "regulation by enforcement," promoting tokenization, and encouraging institutional participation. The analysts listed eight potential positive impacts, including reducing compliance burdens for major tokens, supporting innovation in the U.S. market, unlocking secondary trading, allowing traditional banks to directly custody digital assets, promoting tokenization of real-world assets, protecting open-source developers, providing tax exemptions for small-value daily crypto payments, and advancing the development of inter-institutional tokenized deposits.

According to AiCoin data, market panic has intensified further today, with both the Fear & Greed Index and the BTC-hoarding Index simultaneously reaching extreme levels for the first time in a month: · Fear & Greed Index: Hit a new low in nearly a month, currently at 10, classified as "Extreme Fear"; · BTC-ahr999 Hoarding Index: At its lowest level in nearly a month, currently at 0.4259, which has entered the "Bottom Fishing Zone". Market volatility may be significant, please pay attention to risk control.