Traditional Finance decline alert: VIX drops over 1.5%

Holding a 40% stake in Binance Japan! SoftBank's PayPay to go public in the US IPO, valued at $13.4 billion

Japanese payment company PayPay plans to go public in the U.S., aiming to raise $1.1 billion with a valuation of up to $13.4 billion. It has over 72 million users and is actively expanding into cryptocurrency. PayPay has partnered with Binance Japan to integrate payment infrastructure and blockchain technology, promoting Web3 development.

Gate Daily (March 4): Trump accuses banks of blocking the GENIUS Act; Mizuho raises Circle's target price to $100

Bitcoin (BTC) is priced at approximately $68,040, failing to continue its rebound. Trump mentioned that stablecoin legislation faces banking threats and called for advancing related bills. Mizuho Securities raised Circle's target stock price to $100, maintaining a neutral rating. U.S. stocks closed lower amid volatility due to the Middle East conflict, with investors concerned about geopolitical uncertainties.

Hong Kong teams up with the Shanghai government! Building a cross-border blockchain platform to promote digital trade and eBL pilot programs

The Hong Kong Monetary Authority and Shanghai have signed a Memorandum of Understanding to advance the Project Ensemble initiative, aimed at integrating the trade finance market and enhancing digital applications. This collaboration leverages blockchain technology to address trade data interoperability and financial services, while promoting Hong Kong's role as an international financial center. At the same time, Hong Kong is pushing forward digital asset policies and stablecoin regulation, with the goal of strengthening its digital economy and attracting overseas investment, gradually moving toward the machine economy era of 2026.

Why did Bitcoin drop today? Trump threatens to deploy ground troops, Iran conflict uncertainty prolongs

U.S. President Trump has shown a contradictory stance on military actions against Iran, making the market's assessment of conflict risk more difficult and leading to downside pressure on risk assets such as Bitcoin. Technical analysts warn that if Bitcoin cannot break through the key resistance level, it may fall below $60,000, triggering a chain of liquidations and further declines. Market uncertainty has increased, but analysts believe this is just a process of clearing out weak investors, and the bull market is not over.

Bitcoin ETF attracts $1.5 billion in inflows against the market trend, with the "Baby Boomer" generation supporting the price

Although Bitcoin prices have fallen more than 50% from the 2025 peak, spot Bitcoin ETFs have attracted approximately $1.5 billion in net inflows over the past five trading days, mainly driven by continued buying from "Baby Boomer" investors and institutions. Currently, Bitcoin ETF holdings have exceeded $107 billion, with institutions holding about 12% of the Bitcoin supply, indicating that investor confidence remains strong.

Solomon: The market needs a few weeks to digest the Iran situation, and risk assets require higher premiums

ChainCatcher News, according to Jinshi, Goldman Sachs CEO Solomon stated that the market needs a few weeks to digest the Iran situation. For any type of risk asset, people are looking for higher risk premiums.