1.X indicates that the blocking of advertisements for financial products and cryptocurrencies was a bug and has been fixed.
Twitter has removed "financial products, cryptocurrencies" and similar terms from the prohibited categories in its paid partnership policy. Nikita stated that this was a bug and has been fixed, adding that he is passionate about prediction markets. This means that cryptocurrency ads on X will now be required to enable the "paid partnership" disclosure label.
2. This week's large-scale token unlocking
Over the next 7 days, single large unlocks (unlocking amount greater than $5 million) include HYPE ENA RED, etc.; over the next 7 days, linear large unlocks (single-day unlocking amount greater than $1 million) include RAIN SOL CC TRUMP WLD RIVER DOGE ASTER, etc., with a total unlocking value exceeding $572 million.
3. Vitalik proposed an execution layer refactoring approach, focusing on state tree and virtual machine upgrades to improve proof efficiency.
Vitalik Buterin stated that the two core directions for Ethereum's execution layer upgrade are state tree reconstruction and virtual machine adjustments, aiming to address the major bottleneck of proof efficiency. At the state level, EIP-7864 proposes replacing the current hexagonal Merkle Patricia Tree with a binary tree structure based on a more efficient hash function. This would shorten Merkle branches, reduce bandwidth and proof costs, and optimize storage access structure. In the long term, he proposes gradually replacing the EVM with a more proof-friendly virtual machine (such as RISC-V) to improve execution and ZK proof efficiency. The transition path might include first using it for pre-compilation, then opening it for contract deployment, and finally converting the EVM to run in the compatibility layer, maintaining backward compatibility while only involving gas cost adjustments.
4. QCP: Bitcoin rebounded after a short-term drop, and the options market showed bets on a March rally.
QCP analysis indicates that amid escalating tensions in Iran, the cryptocurrency market remained range-bound, with Bitcoin briefly falling to $63,000 and Ethereum touching $1,910 before rebounding. Saturday's news of the US attack triggered approximately $300 million in long position liquidations, but the scale was manageable, indicating a significant reduction in open positions. Some safe-haven funds may have shifted to 24-hour assets such as tokenized gold. The options market reacted mildly, with 1-day implied volatility briefly rising to 93%, but overall struggling to sustain a break above 60%. Following a similar weekend attack last June, Bitcoin briefly fell below $100,000 before rebounding on Monday and subsequently rising to a high of $123,000 in the following weeks. Currently, the market is also seeing call option buying (including March 74k and 75k strike prices), indicating some funds are betting on a March rebound.
5. JPMorgan Chase: Crypto market structure legislation expected to pass mid-year, potentially a positive catalyst for the second half of the year.
A JPMorgan analyst report suggests that the US Crypto Market Structure Act (CLARITY Act) is expected to pass mid-year, potentially acting as a positive catalyst for the second half of the year. Its passage would provide regulatory clarity, end "enforcement-style regulation," promote tokenization, and encourage institutional participation. Key controversies include stablecoin yield treatment and conflict-of-interest restrictions. Eight potential benefits include token classification, exemption from new project registration, securities-to-commodities status, clear intermediary rules, promotion of RWA tokenization, exemption from reporting obligations for developers, tax exemption for small transactions and clearer taxation for staking, and advantages for institutional tokenized deposits.
6. Wu Blockchain analysis of this week's macroeconomic indicators: Non-farm payrolls report, developments in the Iranian situation, and the Federal Reserve's Beige Book.
summary
Last week, Nvidia once again exhibited a divergence between strong earnings and a declining stock price, while the US and Israel launched a large-scale joint military strike against Iran. This week, the focus will be on the US non-farm payroll report, developments in the Iranian situation, and the Federal Reserve's Beige Book on economic conditions.
Last week's review
The number of Americans filing for unemployment benefits for the week ending February 21 was 212,000, compared with expectations of 215,000 and a revised figure of 208,000 for the previous week (originally 206,000).
The United States and Israel launched a large-scale joint military strike against Iran, which resulted in the death of Iran's Supreme Leader Ayatollah Khamenei. This triggered Iranian retaliation against Israel and U.S. targets in the region, and the situation escalated rapidly.
On February 24, 2026, Trump delivered the longest State of the Union address in U.S. history (approximately 1 hour and 48 minutes), declaring the United States into a "golden age" and outlining a radical "America First" blueprint around high tariffs, large-scale deportations of illegal immigrants, energy self-sufficiency, and a tough Iran policy (resolutely preventing it from acquiring nuclear weapons), while also exacerbating political polarization with the Democratic Party and the Supreme Court.
Nvidia's Q4 revenue increased by 73%, and its Q1 guidance was "explosive" and hit a new high. Jensen Huang raised the revenue forecast by 500 billion.
The US PPI rose 2.9% year-on-year in January, below the expected 2.6% and the previous reading of 3.0%.
Key events & indicators this week
March 2
Closely monitoring developments in Iran, following the assassination of Supreme Leader Ayatollah Khamenei, Iran has stated it will launch its most intense offensive.
March 4
China's official manufacturing PMI for February (09:30)
US February ADP Employment Change (thousands) (21:15)
March 5
The Federal Reserve releases its Beige Book on economic conditions (03:00).
US initial jobless claims for the week ending February 28 (in thousands) (21:30)
March 6
US unemployment rate in February (21:30)
US February seasonally adjusted nonfarm payrolls (thousands) (21:30)
