AiCoin Daily Report (February 26)

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19 hours ago

1. China warns it will take retaliatory measures against new US tariffs

China warns that if the US implements new tariffs, China will take retaliatory actions.   -Original

2. BlackRock increases its holdings by 1,225 BTC in 5 hours

According to Lookonchain monitoring, in the past 5 hours, BlackRock increased its holdings by 1,225 BTC through its Bitcoin exchange-traded fund IBIT, valued at 83.92 million USD.   -Original

3. Spot gold briefly drops 20 USD, currently at 2,062.61 USD/ounce

Spot gold briefly drops 20 USD, currently at 5,162.61 USD/ounce; spot silver drops over 1 USD, currently at 89.73 USD/ounce.   -Original

4. Federal Reserve's Musalem: Government shutdown may affect CPI and last until April

Federal Reserve's Musalem stated that the government shutdown could lead to a downward shift in CPI and may last until April, while he believes PCE inflation is a better measure.   -Original

5. Binance CEO He Yi retweets JPMorgan CEO's bullish crypto comments

On February 25, Binance CEO He Yi retweeted JPMorgan CEO Jamie Dimon's views on the crypto market. Jamie Dimon stated in a television interview that blockchain is a real and increasingly effective technology, cryptocurrencies are better than the existing financial system, and the "experimental" phase of the crypto space is over. Although the market has short-term corrections, the trend is positive. He Yi commented, “The future and the storm have come together; the bigger the waves, the more valuable the fish?”   -Original

6. South Africa plans to revise regulations to include crypto assets in capital flow management system

South Africa's Finance Minister Enoch Godongwana announced that the government will release a draft regulation to include crypto assets under the capital flow management framework of the "Currency and Exchange Act," to enhance cross-border capital regulation and complement existing anti-money laundering and anti-fraud regulations. Previously, the Pretoria High Court ruled that cryptocurrencies do not fall under the legal definition of "currency," and current foreign exchange control rules do not apply to crypto assets, urging the government to push for legislative reform. Although the South African Reserve Bank (SARB) appealed the ruling, insisting that cryptocurrencies should be managed as currency, the current regulatory focus has shifted to clarifying administrative responsibilities and cross-border transaction reporting requirements. This reform will provide legal basis for South African residents to participate in the global crypto market.   -Original

 

The above are the highlights from the past 24 hours. For quicker news, please download AiCoin (aicoin.com)

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