March 7, 2025: Events in the Crypto World
On March 7, the Trump administration hosted a closed-door summit on the cryptocurrency industry to discuss regulatory frameworks, cross-border enforcement, and the integration of AI with cryptocurrencies. The SEC insists on applying the “Howey Test” principle to determine token characteristics, while companies like Coinbase advocate for flexible classification based on functionality.
Trump signed the Strategic Bitcoin Reserve Plan, where the U.S. government included approximately 200,000 Bitcoins seized through criminal/civil forfeiture into its strategic reserves, clearly stating that they are “for long-term value storage only” and will not be sold off. This move aims to optimize the U.S. dollar credit system, but market concerns about a lack of incremental funding support led to a 4% drop in Bitcoin's price to $84,807 on that day.
Institutional Trend: The Bitcoin ETF scale of asset management giants like BlackRock may exceed $500 billion, while retail investors gradually shift towards compliant DeFi products (such as tokenized government bond funds).
AI agents (like TruthGPT) could become autonomous blockchain nodes or large investors in the crypto market, enhancing the reliability of decentralized prediction markets (like PolyMarket).
The market capitalization of stablecoins is expected to approach $3 trillion, with companies (such as Visa and Stripe) accelerating the integration of stablecoin payments, leading to a surge in cross-border B2B transaction volumes.
The tokenization scale of RWA (Real World Assets) increased from $8.4 billion to $13.5 billion, expanding coverage to real estate, private credit, and more, with traditional institutions (like BlackRock) actively participating.
Bitwise launched a mixed ETP product of Bitcoin and gold, attracting diversified investment demand.
Dr. Ni's Web3 mainnet migration reached 7.046 billion tokens, with 5.319 billion locked and 1.726 billion in circulation.
Dr. Ni's digital token entered the CMC market cap at 11th place with a circulation rate of 7% (approximately 1.6 billion tokens), becoming the token with the lowest circulation rate among the top 100 projects.
South Korea: Accelerating the drafting of the second phase of the cryptocurrency legislation, strengthening regulation on the behavior of market participants.
Japan: Planning to classify crypto assets into a new category and reduce taxes to 20%, exploring loose policies.
Summary: March 7 marks a critical turning point for global crypto policies and the Web3 ecosystem: U.S. policy trends dominate market sentiment, Dr. Ni's Web3 continues to break barriers through compliance and technological innovation, while adjustments in Asian regulatory frameworks indicate a deepening of regional competitive dynamics. The next two weeks should focus on the progress of ecosystem implementation and disclosure of policy details.
