According to Odaily, Cynthia Lummis, Chair of the U.S. Senate Banking Subcommittee on Digital Assets, has called for the United States to establish a bipartisan regulatory framework for stablecoins. In a post on the X platform, Lummis emphasized the urgency of this initiative, noting that the stablecoin race has already begun and the U.S. is currently falling behind.

According to CoinDesk, the Avalanche Foundation has announced the launch of its highly anticipated Avalanche Card, a Visa credit card that allows users to make purchases using cryptocurrency. This development marks a significant step in integrating traditional financial systems with digital currencies. The card, created in partnership with Rain, a blockchain-based card issuing platform, enables users to spend Avalanche tokens (AVAX), wrapped AVAX, and stablecoins such as USDT and USDC at any merchant that accepts Visa. This functionality is available for both in-person and online transactions. The introduction of the Avalanche Card highlights the growing trend of merging traditional financial technologies with cryptocurrency. While other companies have also introduced credit cards linked to crypto holdings, this launch underscores the increasing acceptance and use of digital currencies in everyday transactions. The Avalanche Foundation had previously announced its intention to roll out the card, with a focus on attracting users from Latin America and the Caribbean. Recent statements indicate that sign-ups have surged in these regions, as well as in Southeast Asia and Africa. The card is designed to be linked to a new self-custody wallet, providing a unique address for each asset. This feature aims to enhance security and user control over their digital assets. The Avalanche Foundation emphasized its commitment to promoting the mainstream adoption of decentralized finance (DeFi) by offering accessible pathways to blockchain technology for a diverse range of users. This initiative is part of a broader effort to expand the reach and utility of blockchain-based financial solutions.

Odaily Planet Daily News: Bitcoin reward financial services company Fold Holdings announced that it has increased its holdings of 10 bitcoins and invested $875,000. (Bitcoin Magazine)

According to ShibDaily, Dubai’s Virtual Assets Regulatory Authority (VARA) has announced plans to introduce new regulations requiring crypto businesses to disclose the identities of major token holders, often referred to as crypto whales. Matthew White, CEO of VARA, discussed these upcoming regulations in an interview, highlighting their aim to enhance consumer protection as Dubai seeks to establish itself as a leading global hub for the burgeoning cryptocurrency sector. The new regulations will mandate virtual asset service providers to submit detailed reports on ownership structures, with the goal of improving market transparency and reducing the risk of manipulation. White explained that if a token’s majority ownership is held by its creator or an institution, their identities should be disclosed. This measure is intended to provide investors with greater transparency, as most tokens are typically owned by third parties, such as venture capital firms, rather than their original creators. Enforcing these disclosure requirements presents challenges due to the pseudonymous nature of cryptocurrency transactions. While the regulation aims to offer investors more transparency regarding token ownership, market risk, and potential price manipulation, White acknowledged the difficulties in ensuring compliance. However, he believes that disclosing the identities of crypto whales could be feasible, as virtual assets are recorded and stored on the blockchain, an immutable and decentralized ledger that maintains a transparent history of all transactions across a peer-to-peer network. The regulatory body is also considering new requirements for virtual asset issuers and service providers to disclose the composition and auditing of their reserves. Additionally, they would be required to establish transparent redemption mechanisms, providing investors with a clear description of risks. VARA plans to implement these new regulations in the first quarter of the year, with several already in progress. White attributes Dubai’s success in the virtual asset sector to its top-down policy approach, business-friendly environment, and reputation as a safe and family-oriented city. A 2024 report recognized Dubai as one of the leading destinations for cryptocurrency businesses, citing its crypto-friendly regulatory framework as a key factor in attracting industry players. The report emphasized that Dubai, along with other leading jurisdictions, offers clear legal frameworks and favorable tax policies, positioning them as key hubs for the expanding blockchain and cryptocurrency industries.

Odaily Planet Daily News: Cynthia Lummis, chair of the U.S. Senate Banking Digital Assets Subcommittee, wrote on the X platform calling for the United States to launch a bipartisan stablecoin regulatory framework because the stablecoin competition has begun and the United States is falling behind.

Odaily Planet Daily News: Virtuals Protocol announced that its Ecosystem Fund has been renamed Virtuals Ventures. It also stated that its mission has not changed and it will continue to provide funding and support for Agents on Virtuals Protocol and maintain transparency.

The recent decline in the crypto market, with Bitcoin falling below $90,000, has made market sentiment fragile and the phenomenon of internal circulation intensified. Bitcoin is unlikely to remain immune. This is increasingly evident: without the prosperity of the entire ecosystem, the price of Bitcoin itself is not stable.

The Avalanche Foundation, a platform dedicated to advancing the Avalanche (AVAX) ecosystem, and Rain, a financial technology (Fintech) company, have … Continue reading The post Avalanche Foundation and Rain unveil a new crypto card appeared first on Finbold. source: https://finbold.com/avalanche-foundation-and-rain-unveil-a-new-crypto-card/

TL;DR Largest Single-Day Outflow: U.S. spot Bitcoin ETFs witnessed the largest single-day net outflow in history, with $1.01 billion withdrawn on February 25, affecting 10 out of 12 Bitcoin ETFs. Possible Causes: The outflows are attributed to the unwinding of basis trades by institutional investors due to narrowing yield spreads and the impact of President ... source: https://crypto-economy.com/bitcoin-etfs-see-largest-single-day-outflow-in-history/

Bitwise co-founder Matt Hougan believes the end of the memecoin boom is imminent after the niche’s close ties with Melania, Libra, and the Lazarus Group. The executive claimed that the niche already has a replacement involving institutional Bitcoin adoption and other DeFi aspects such as tokenization. source: https://www.cryptopolitan.com/matt-hougan-memecoin-boom-is-dying/

Pump.fun built its success on Raydium—now it’s breaking away. Who wins, and who loses? source: https://solanafloor.com/news/pump-fun-drove-43-5-of-raydium-s-volume-can-raydium-sustain-the-drop

Web 3.0,加密市场,2024 年下半年 Web3 行业全面洞察 金色财经,温故知新，2024 年下半年热门赛道全面分析。

What AI projects emerged at the just-concluded Hong Kong Consensus 2025?

Musk has established an image as an entrepreneur who dares to take risks. It can be said that he is one of the most successful entrepreneurs in the 21st century so far.

Circle's CEO, Jeremy Allaire, is calling for mandatory registration of stablecoin issuers in the U.S. to ensure transparency and protect consumers. Meanwhile, U.S. lawmakers and regulators are intensifying efforts to create clear rules for stablecoins, with growing scrutiny on companies like Circle and Tether.

Martin, a Youtuber, crypto enthusiast and adventurer, has taken it upon himself to put Bitcoin to the test by taking on the challenge of travelling through Switzerland using just Bitcoin alone.

When Trump won the election again in November 2024, the Catholic Bishops' Conference could no longer sit still. They claimed that Trump's immigration policy "violated basic human rights."

The Bybit attack highlights the importance of updating security infrastructure in a timely manner.

After hackers stole $1.4 billion from Bybit, the world’s third-largest cryptocurrency exchange, rival crypto exchanges stepped in to help Bybit shore up its finances.

A Binance user was targeted by a phishing scam after receiving a fake SMS about account access from North Korea. The scammer convinced the user to transfer funds to a fraudulent wallet, resulting in a financial loss.