Startale CEO: Japan's ruling party proposes new crypto regulatory framework
On March 6th, Startale CEO Sota Watanabe revealed on social media: "Today is an important day in Japan. The ruling party proposed to regulate cryptocurrencies under a new framework in the Financial Instruments and Exchange Act. If approved this year, it is very likely that the tax exemption for encrypted ETFs and taxes will be reduced from a maximum of 55% to 20%. I am 100% sure that more Japanese people will enter the world of blockchain."
2025-03-06 18:03:59
BTC falls below $91,000
The market shows BTC has fallen below $91,000, currently at $90,957.69, with a 24-hour increase of 3.49%. The market is volatile, so please manage your risks carefully.
2025-03-06 18:03:57
The Solana Foundation and the Solana Chinese Community Solar will host the DePIN Day event in Shenzhen on March 8
On March 6th, Solana Foundation and the Solana Chinese community Solar will hold the DePIN Day event in Shenzhen, the hardware capital, on March 8th. Solana's emerging DePIN projects Cuddis, Starpower, Geodnet, Roam, Aethir, Gradient, and DeGlass have confirmed their attendance and will conduct on-site demonstrations and sharing.
2025-03-06 18:03:56
Hong Kong Securities and Futures Commission has included "Linkbex" in the warning list of suspicious virtual asset trading platforms
The Securities and Futures Commission of Hong Kong warned the public to beware of an entity operating under the name "Linkbex" and suspected of engaging in fraudulent activities related to virtual assets. Linkbex falsely claimed to have connections with seven companies licensed by the Securities and Futures Commission in Hong Kong.
2025-03-06 18:03:55
Tether Freezes $27 Million in USDt on Sanctioned Russian Crypto Exchange
Tether, a stablecoin operator, has frozen $27 million in USDt on the sanctioned Russian Garantex crypto exchange, leading to the suspension of operations. Garantex announced on its official Telegram channel that Tether blocked wallets worth over 2.5 billion rubles, prompting the exchange to temporarily halt all services, including withdrawals. The European Union imposed sanctions on Garantex as part of the 16th package of sanctions against Russia's actions in Ukraine. Regulators in the US were the first to sanction Garantex, with the US Department of the Treasury's Office of Foreign Assets Control imposing sanctions in April 2022. Cointelegraph contacted Tether for a response on the freezing of Garantex wallets but did not receive a reply at the time of publication.
2025-03-06 18:03:52
Binance: The limit order function of the RED/USDT trading pair is temporarily out of order, and users' losses will be compensated
According to the Binance Customer Support account, the limit order function for the RED/USDT pre-market trading pair was faulty from 11:39 to 12:09 on March 6th (GMT+8), during which the market order function remained operational. Binance stated that they immediately fixed the issue upon discovery and apologized for any inconvenience caused to users. Binance promised that users who incurred losses due to this system issue can directly contact Binance customer service for feedback, and will receive corresponding compensation after verification.
2025-03-06 17:03:01
USDC Treasury minted nearly 66.5 million USDC on the Ethereum chain
According to Whale Alert monitoring, USDC Treasury minted 66,499,000 USDC on the Ethereum chain at 15:47, worth approximately $66,493,247.
2025-03-06 17:02:59
Kraken has started sending emails to FTX customers to confirm the timing and scope of the next round of asset allocation
On March 6th, it was reported that Sunil, the representative of FTX creditors, revealed that the cryptocurrency exchange Kraken has started sending emails to FTX clients confirming that the next round of FTX asset distribution will take place on May 30, 2025.
2025-03-06 17:02:57
An OG wallet deposited the remaining 301 BTC into Binance 2 hours ago
According to Lookonchain monitoring, two hours ago, an OG wallet deposited the remaining 301 BTC (27.9 million USD) into Binance. The whale purchased 801 BTC (8.25 million USD) at a price of 10,297 USD in August 2019, and sold all of them between September 18, 2024 and March 6, 2025, making a profit of 51.8 million USD.
2025-03-06 17:02:56
Hong Kong Securities Regulatory Commission Quarterly Report: 8 virtual asset trading platform license applications are being reviewed
The Securities and Futures Commission of Hong Kong today released the Quarterly Report for October to December 2024. In the asset fund management industry, ETFs recorded a net capital inflow of $2.9 billion for the year. In the virtual asset sector, the Hong Kong Securities and Futures Commission issued batch orders to three virtual asset trading platforms at the beginning of 2025, increasing the total number of licensed platforms to ten. Currently, eight virtual asset trading platform license applications are under review.
2025-03-06 17:02:54
Data: Over $140 million USDT transferred from unknown wallet to Cobo
According to Whale Alert monitoring, 140,265,879 USDT (approximately $140,411,265) was transferred from an unknown wallet to the Cobo platform at 16:28.
2025-03-06 17:02:51
A wallet transferred 66.5 million USDC to Binance 45 minutes ago
According to TheDataNerd monitoring, a wallet transferred 66.5 million USDC to Binance 45 minutes ago.
2025-03-06 17:02:50
India's proposed bill: Tax department will monitor digital activities, including cryptocurrency holdings, from April 2026
According to The Defiant, under the "2025 Income Tax Act," the Indian Income Tax Department will be granted the authority to monitor individual digital activities starting from April 1, 2026, including social media accounts, emails, and online financial transactions. This new power is aimed at enhancing the department's ability to detect tax evasion and undisclosed assets (including holdings of cryptocurrencies).
2025-03-06 16:03:36
A wallet sold 1,863 ETH to obtain 4.06 million USDC, and deposited it into Hyperliquid to go long on BTC
According to Lookonchain monitoring, a wallet sold 1,863 ETH for $2,181 after being dormant for 2 years, in exchange for 4.06 million USDC. Subsequently, the whale deposited $4.06 million into Hyperliquid, went long on BTC at a price of $89,930 with a leverage of 20, unrealized profit of $589,000, and a liquidation price of $75,186.
2025-03-06 16:03:34
Two whales borrowed 26.38 million USDT from Aave to buy 11,471 ETH
According to Lookonchain monitoring, two whales borrowed USDT from Aave to purchase ETH:
2025-03-06 16:03:33
Polymarket’s probability of “Trump establishing a strategic Bitcoin reserve within 100 days of taking office” rises to 24%
The probability on Polymarket of "Trump establishing a strategic Bitcoin reserve within 100 days of taking office" has risen to 24%, previously dropping to 10% on February 21. The trading volume of this prediction market has reached $8.47 million.
2025-03-06 16:03:31
Former Fed Chairman Ben Bernanke: If reality differs from forecasts, monetary policy should be adjusted appropriately
Former Federal Reserve Chairman Bernanke said that if reality differs from forecasts, monetary policy should be adjusted accordingly.
2025-03-06 16:03:29
Notional value of $2.36 billion in BTC and $490 million in ETH options contracts will expire tomorrow
On March 6th, according to Deribit data, nominal value of $23.6 billion BTC options will expire and settle tomorrow, with a Put/Call Ratio of 0.72 and a maximum pain point of $89,000. In addition, nominal value of $4.9 billion ETH options will expire and settle tomorrow, with a Put/Call Ratio of 0.73 and a maximum pain point of $2300.
2025-03-06 16:03:28
A whale allegedly sold 300.9 BTC an hour ago, equivalent to about 27.92 million US dollars
According to @ai_9684xtpa monitoring, a whale suspected of selling 300.9 BTC ($27.92 million) one hour ago, selling will profit $24.82 million. The whale's BTC was withdrawn from HTX six years ago (i.e. the last bear market in 2019), and it has been five months since the last sale.
2025-03-06 16:03:26
Coinbase is resurrecting plans to tokenize its COIN shares and other securities
After the establishment of a new cryptocurrency working group by the U.S. Securities and Exchange Commission, Coinbase is restarting its plan to tokenize its COIN stock and other securities in the United States. The plan was first attempted in 2020 but was abandoned due to regulatory obstacles. With the SEC newly forming a cryptocurrency working group, the company sees a new opportunity to integrate blockchain into traditional finance.
2025-03-06 16:03:24