1. US ADP employment figures for February showed 63,000 new jobs, below the expected 50,000.
U.S. ADP employment rose 63,000 in February, the largest increase since November 2025, exceeding expectations of 50,000 and the previous month's figure of 22,000.
2. Trump: Banks are weakening the GENIUS Act; calls for the swift passage of the Clarity Act to advance a crypto regulatory framework.
Donald J. Trump stated that banks are attempting to weaken the GENIUS Act and obstruct the progress of related crypto policies, which is unacceptable. He called on the United States to expedite market structure legislation and pass the Clarity Act, stating that the GENIUS Act is a crucial step for the United States to become a global crypto hub, while the Clarity Act will provide further regulatory clarity for the industry. He also accused banks of trying to hinder crypto policies amidst record profits, arguing that if relevant legislation fails to advance, the crypto industry may flow to countries like China, and called on banks to cooperate with the crypto industry.
3. Bridgewater Associates founder Ray Dalio: Bitcoin is not suitable as a long-term store of value or a safe-haven asset.
Bridgewater Associates founder Ray Dalio stated that Bitcoin is unsuitable as a long-term store of value or a safe-haven asset due to reasons including a lack of central bank support and uncertainties surrounding its privacy and quantum resistance. In his All-In Podcast on Tuesday, Dalio said Bitcoin cannot become "digital gold," adding that "there is only one kind of gold in the world." He stated that gold is not a speculative precious metal but rather "the most mature currency" and the second-largest reserve asset held by central banks, adding that he finds it difficult to understand why central banks would buy and hold Bitcoin for the long term.
4. Ethereum staking queue size hits a new high since the advent of PoS, with large institutions preferring to stake rather than sell.
Ethereum validator queues have recently surged, indicating that large investors, businesses, and cryptocurrency exchanges are more inclined to stake their ETH holdings rather than sell them during recent market volatility. Data shows that approximately 3.4 million ETH are currently waiting to join the validator set, forming one of the longest staking queues since the network transitioned to PoS, resulting in an estimated wait time of up to 60 days. This figure is significantly higher than the approximately 904,000 ETH in early January. Analysts suggest that the narrative surrounding Ethereum's potential in payment infrastructure and AI-related applications may also be driving this demand.
5. Singapore has seized RMB 2.7 billion in assets belonging to the Chen Zhi Prince Group.
The Singapore Police Force announced that it arrested three Singaporean citizens between November last year and January this year on suspicion of involvement in a money laundering case related to Cambodia's Prince Holding Group, and issued an arrest warrant for a Singaporean woman, Chen Xiuling. Police stated that in October 2025, they seized or prohibited the disposal of assets worth over S$150 million. Subsequently, additional prohibition orders were issued on three properties, eight vehicles, cash (including various foreign currencies), bank and securities accounts, designer bags and watches, and other assets, with a total value of approximately S$350 million. To date, the total amount of assets seized or prohibited in connection with this case exceeds S$500 million (approximately RMB 2.7 billion).
6. Kraken becomes the first crypto company to integrate with the Federal Reserve's core payment system.
Kraken stated that its banking division has gained access to the Federal Reserve's core payment system, becoming the first crypto company to be able to transfer funds using the same payment channel used by thousands of banks and credit unions.
