📢 Gate Plaza Daily Report | March 5

1️⃣ Market Overview: Bitcoin hits a 1-month high, breaking through $74,000 during trading; the crypto market rises across the board, with the RWA sector up over 7%; Japan and South Korea stock indices open higher.
2️⃣ Product Updates: The new Gate Card is officially launched, featuring upgraded cashback and tier systems, creating a new model for crypto payments.
3️⃣ Policy Changes: U.S. Senator Daines confirms he will not seek re-election, marking the loss of another advocate for crypto tax reform in the Senate.
4️⃣ Regulatory Developments: The Federal Reserve approves Kraken’s eligibility for main account status, while banking industry organizations express “deep concerns.”
5️⃣ Industry Observation: Market risk appetite is warming, with funds flowing back into crypto assets; watch for subsequent macroeconomic and policy variables.