Tom Brady was mentioned during the opening statements of the criminal trial of former crypto king Sam Bankman-Fried, as his attorney argued that Bankman-Fried's brief entry into high society is not evidence of illicit activity. Bankman-Fried and his company FTX's lucrative advertising deals with Brady and other celebrities were deemed "not a crime" by the defense attorney. Bankman-Fried is being tried for seven criminal counts, including committing fraud against depositors at the FTX cryptocurrency exchange. FTX paid Brady $55 million for 20 hours of promotional work per year for three years.
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Tom Brady's Role in High-Stakes Crypto Trial of Sam Bankman-Fried
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Strategist: Fiscal policy could trigger a sharp repricing of U.S. Treasuries
Jussi Hiljanen, Chief Interest Rate Strategist at SEB Research, said in a report that the long-term US Treasury yield may further rise, partly because market confidence in US policy is waning. "Trust in US policy is eroding, considering the cost of forex hedging, lack of attractiveness in valuation, and investors shifting to European bonds, all indicate that long-term US yields face structural upward pressure, with long-term Treasury yields expected to rise modestly, but fiscal policy may trigger a significant repricing of US Treasury bonds." -
South Korean Conservatives Promise Trump-Style Crypto Policy in Presidential Campaign
according to Yonhap News Agency, Hong Joon-pyo, a presidential candidate for the ruling party National Power Party in South Korea, promised to significantly reduce regulations on blockchain and cryptocurrency at a policy forum. This conservative candidate stated that he will emulate the regulatory approach of the Trump administration in the United States. He pledged to implement blockchain technology in government services and promote virtual assets as a separate industry. -
South Korea plans to issue new guidelines in Q3 to lift ban on institutional cryptocurrency investments
South Korean financial regulatory agency announced on Wednesday that it plans to release comprehensive guidelines for institutional cryptocurrency investments in the third quarter. The Financial Services Commission made this announcement during a meeting with local cryptocurrency industry experts. While investment guidelines for listed companies and professional investors are expected to be introduced in the third quarter, the Financial Services Commission stated that its goal is to release investment guidelines for non-profit organizations and cryptocurrency exchanges in April. The Financial Services Commission first announced in January that it would gradually lift the ban on institutional investors investing in cryptocurrencies. Last month, the regulatory agency revealed that it intends to first allow charities and universities to sell their cryptocurrency assets in the second quarter. The upcoming detailed guidelines further solidify South Korea's shift in stance towards cryptocurrencies, no longer strictly opposing the entry of crypto assets into traditional financial markets. -
Utah Bitcoin Bill Passes State Senate, But Key Provisions Are Deleted
The Bitcoin bill in Utah has passed the state Senate, but the core provisions of the bill have been removed. The provision was originally intended to make Utah the first state in the United States to have its own Bitcoin reserve. The "HB230 Blockchain and Digital Innovation Amendment" bill now only provides basic custody protection to Utah citizens, giving them rights to mine Bitcoin, run nodes, and participate in staking. On March 7, the bill passed with 19 votes in favor, 7 votes against, and 3 abstentions, and will now be sent to Utah Governor Spencer Cox for signature into law. -
Texas Senate Advances Bitcoin Reserve Bill with Bipartisan Support
The Texas Senate has just passed Senate Bill 21 (SB-21) with a huge majority, marking a major step towards integrating digital assets into the national financial system. -
Trump signs executive order establishing White House 2026 World Cup task force
President Trump signed an executive order to establish a special White House 2026 World Cup task force. -
US media: TSMC invests another $100 billion in the US; Trump still considers imposing tariffs on Taiwanese chips
Golden Finance reported that TSMC is investing another billion US dollars in the United States, but the US "Wired" magazine reported on the 4th that an informed source said that this move did not stop the Trump administration from considering imposing potential tariffs of up to 100% on TSMC and other Taiwanese chip factories. The source said that one plan is that the tax objects will not only be Taiwanese chips themselves, but also electronic products such as iPhones equipped with Taiwanese chips. According to Wired magazine, the White House and the US Department of Commerce did not immediately comment, and TSMC declined to comment. (Jinshi) -
Russia’s Ministry of Finance: No plans to add crypto assets to the investment structure of the National Welfare Fund
According to the International News Agency, Russian Deputy Finance Minister Vladimir Kolychev told reporters that the Russian Ministry of Finance does not plan to change the current investment structure of the National Welfare Fund, especially not to include crypto assets - the volatility of crypto assets is too high, and the current level of accumulation in the National Welfare Fund does not allow for consideration of high-risk investments. Kolychev stated that he has not heard of any discussions in Russia about creating a crypto currency strategic reserve similar to the Trump administration's plan. He said: "This is more of a central bank issue. Honestly, I have not heard of such discussions." Kolychev added that it is still too early to discuss the possibility of including crypto assets in the investment structure of the National Welfare Fund. -
South Korea to strengthen anti-money laundering system to tackle new financial and cryptocurrency crimes
On March 5th, the South Korean financial authorities plan to strengthen the Anti-Money Laundering (AML) system to combat new financial crimes including cryptocurrency crimes. The Financial Services Commission (FSC) held a consultation meeting on anti-money laundering inspections on March 5th, and informed relevant institutions of the inspection plan. The FIU will focus on and respond to new money laundering methods, such as illegal activities conducted through virtual accounts and simplified transfers. -
US media: Trump privately said he would insist on imposing tariffs
US President Donald Trump privately stated that he will continue to impose tariffs. US Commerce Secretary Ross said earlier in the day that Trump may reach a middle ground with Canada and Mexico on the tariff issue. Trump's 25% tariff on imports from Mexico and Canada took effect on Tuesday. (Jinshi)
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