Spot gold drops about $20 in the short term, latest at $4991.15 per ounce

The US SEC approves WisdomTree's application for exemption on tokenized money market fund

The U.S. SEC issues an exemption order for WisdomTree's tokenized money market fund, allowing investors to trade shares intraday at a price of $1 per share, enhancing trading efficiency and settlement experience, marking a flexible operation of tokenized funds under current regulations.

Stronger US Dollar and Weakening Cryptocurrencies, Also Extends to Gold

The US Dollar strengthened, reaching 97.810 on the index, while cryptocurrencies fell by 3.06% in market cap, and gold dropped over 1%. Uncertainty in macroeconomic conditions and geopolitical tensions are influencing these trends.

Gate Ventures: Increased volatility in mainstream assets, continuous development of industry infrastructure

Recently, market risk aversion has increased, the US dollar is strong, long-term government bond yields are rising, and gold has hit new highs. Cryptocurrency assets have declined, with significant net outflows from BTC and ETH, and market sentiment is extremely fearful. Traditional derivatives institutions and mining companies are adjusting their strategies, and market funds are becoming more cautious.

The three major U.S. stock indices all rose before the market opened, with Microsoft (MSFT) up 0.38%.

The three major U.S. stock indices mostly rose before the market opened, with the Nasdaq up 0.19%, the Dow Jones up 0.05%, and the S&P 500 up 0.1%. Most of the seven major tech stocks increased, with Apple, Microsoft, and Nvidia all rising, while Tesla slightly declined.

Analysis: De-globalization and AI reshaping the macro environment, with crypto assets being sold off as high-beta growth assets

The current market is undergoing a structural reshaping driven by de-globalization and artificial intelligence, resulting in slow trading adjustments. Bitcoin and Ethereum prices are struggling to rebound, indicating a lack of market confidence. Capital is flowing into value sectors, technology stocks are underperforming, and crypto assets are being sold off, facing a critical transition ahead.

The stablecoin legislation is about to be implemented, and mainstream CEX stablecoin revenue could surge up to 7 times

February 24 News, as the United States advances its stablecoin regulatory framework, the "Genius Act" is being viewed by the market as a key policy to reshape the stablecoin industry landscape. Analysts point out that under the push of this act, the stablecoin-related revenue of the United States' largest compliant CEX is expected to grow by 2 to 7 times, and some institutions interpret this as a potential long-term "tenfold" growth logic, making it one of the important narratives in the crypto market by 2026. The act was signed by Trump, with the core goal of establishing a clear compliance system for U.S. stablecoins, including requirements for issuers to hold high-quality liquid assets such as U.S. Treasury bonds in a 1:1 ratio as reserves, and strengthening anti-money laundering and regulatory transparency. This institutional design will significantly reduce compliance uncertainties for stablecoins, increase institutional funding willingness, and promote the expansion of regulated stablecoins in payments, settlements, and on-chain finance.