[1/2] [Crypto/TradFi Information Summary] 2026-03-12 08:00 (Beijing Time) ━━ Important News ━━ 1. The U.S. SEC and CFTC signed a Memorandum of Understanding (MOU) on cooperation in the regulation of crypto assets, aiming to jointly promote a "compatible regulatory framework". The SEC and CFTC will strengthen cooperation on the regulation of crypto assets and the launch of new digital asset products, with goals including supporting “legitimate innovation,” maintaining market integrity, protecting investors, and jointly promoting a “fit-for-purpose” regulatory framework at the federal level; both sides mentioned the past disputes over responsibilities and the stifling effect of duplicate registration requirements on innovation. (BlockBeats | The Block) 2. FDIC Chairman: Proposed clarification that payment-type stablecoins are not eligible for "transferable deposit insurance"; tokenized deposits should be treated as deposits and subject to the same deposit insurance. FDIC Chairman Travis Hill stated that proposed rules clarify that payment-type stablecoins subject to the GENIUS Act are ineligible for any form of pass-through deposit insurance; he also emphasized that the Act requires stablecoins to maintain full reserves. He further stated that the FDIC is studying the classification of tokenized deposits, favoring that regardless of their technical form, they should be considered "deposits" and subject to the same regulatory and deposit insurance provisions. (BlockBeats | Odaily) 3. Middle East Situation and Shipping Security Disrupt Oil Market: Attacks on oil tankers in the Gulf of Tonkin and Trump's statement that "the fight against Iran is not over" pushed up oil prices, with the IEA coordinating the release of 400 million barrels of reserves. Market concerns about shipping security and supply disruptions also weighed on prices. JMIC stated there was no conclusive evidence of mines in the Strait of Hormuz. Trump stated that "the fight against Iran is not over," and Iran warned it would expand its targets if its ports were threatened. Meanwhile, the 32 IEA member states agreed to coordinate the release of a total of 400 million barrels of reserves; the US plans to release 172 million barrels of SPR within 120 days and stated it will replenish approximately 200 million barrels over the next year. (TechFlow TechFlow | BlockBeats | Odaily | BlockBeats | Odaily | TechFlow TechFlow | BlockBeats) 4. The Trump administration launched a new round of Section 301 investigations against 16 major trading partners, including the EU, and plans to reinstate tariff pressure. The new round of Section 301 investigations focuses on "industrial overcapacity" and targets the EU, India, Japan, South Korea, and others. At the same time, it is reported that it also plans to launch an independent investigation into the "forced labor import ban," which is expected to cover at least 60 countries and may extend to issues such as digital services tax and drug pricing. (TechFlow TechFlow | BlockBeats) 5. Progress on Hong Kong stablecoin licenses: HSBC, Standard Chartered, and OSL are rumored to be among the first batch of companies to receive licenses; the Hong Kong Monetary Authority (HKMA) stated it "will not comment on market rumors." Media reports, citing sources, suggest that the first batch of stablecoin licenses in Hong Kong may include HSBC, Standard Chartered, and local virtual asset trading platform OSL, with an announcement expected as early as next week, though no final confirmation has been made. The Hong Kong Monetary Authority declined to comment on market rumors. (TechFlow) 6. Ripple launches a share buyback program of up to $750 million, with the tender offer valuing the buyback at approximately $50 billion. The buyback will be conducted in the form of a tender offer, allowing investors and employees to sell back shares, and is expected to continue until April; the report also reviews the company's previous buyback attempts and changes in financing valuations. (BlockBeats | The Block) 7. Binance.US Appointed former Currency.com CEO Stephen Gregory as the new CEO to drive growth in the US market. Stephen Gregory has replaced Norman Reed as interim CEO; he has a legal and compliance background and previously served as head of compliance at Gemini. His appointment comes approximately one year after the resumption of USD deposit and withdrawal services. (BlockBeats | The Block) 8. Indian CBI Arrests Darwin Labs Co-founder and CTO in Connection with GainBitcoin Ponzi Scheme and Attempted Departure: The Indian CBI arrested Ayush Varshney at Mumbai airport, alleging his involvement in the GainBitcoin Ponzi scheme and his attempt to leave the country. Law enforcement agencies stated that Darwin Labs provided key support for the related technical infrastructure and platform (including MCAP tokens and ERC-20 contracts). (BlockBeats | The Block) Market Analysis 1. Bitcoin strengthens in the short term: BTC breaks through $71,000. Market data shows that BTC has broken through $71,000 (the intraday increase is about 1%-1.5% according to different platforms). (PANews | Foresight News) 2. Divergent Interest Rate Expectations: Fitch predicts two rate cuts in 2026; federal funds futures imply only about 26bp rate cuts this year. Fitch believes that a cooling labor market and slower wage growth may prompt the Federal Reserve to cut interest rates twice in 2026; however, federal funds futures indicate that market expectations for rate cuts this year are weak, at only about 26 basis points.