Author: Schatong TechFlow
Yesterday's Market Dynamics
The CFTC appoints former federal prosecutor David Miller to lead its enforcement division, strengthening cryptocurrency regulation.
According to The Block, CFTC Chairman Michael Selig announced the appointment of David Miller as head of the agency’s enforcement division. Miller previously served as a federal prosecutor and has extensive experience handling digital asset cases in the private sector. This appointment comes as the CFTC prepares to play a more significant role in regulating the cryptocurrency industry.
Miller said, "I am honored to join the CFTC during this exciting period of change." Selig emphasized that Miller will focus on "combating fraud, abuse, and manipulation, not on policymaking."
Trump stated he does not rule out sending ground troops to Iran, openly saying he doesn't care about polls.
According to the New York Post, Trump recently stated that he does not rule out deploying U.S. ground troops to Iran if “necessary,” and declared that he “doesn’t care about polls” following the strike on Saturday. Trump said he believes he did “the right thing” and that most Americans support him—despite preliminary polls suggesting otherwise. He argued that allowing “crazy people” to obtain nuclear weapons would have even worse consequences than regional conflict. Trump said, “I have no reservations about sending ground troops. Unlike other presidents who always say, ‘We will never send ground troops,’ I don’t say that. I say, ‘They may not be needed,’ or ‘If necessary.’” A Reuters/Ipsos poll conducted on Saturday and Sunday showed that only 27% of Americans support the strike, while 43% oppose it and 29% are unsure.
OPN Token Economics: Total supply of 1 billion tokens, with 23.5% allocated to airdrops and 3.5% unlocked at TGE.
According to the official blog, Opinion (OPN) has announced its tokenomics model, with a total supply of 1 billion tokens. The token allocation and unlocking schedule are as follows:
· Airdrop: 23.5%, with 3.5% unlocked at TGE; the remainder is locked for 7 months;
· Investors: 23%, 0% unlocked at TGE, linear unlocking over 24 months after a 12-month lock-up period;
Team and Advisors: 19.5%, 0 unlocked at TGE, linear unlocking over 24 months after a 12-month lock-up period;
· Foundation: 12%, with 1% unlocked at TGE, followed by 12-month linear vesting after a 6-month lock-up period;
· Ecosystem and Incentives: 11.1%, with 5.65% unlocked at TGE and the remainder locked for 36 months;
· Marketing: 8.9%, with 7.7% unlocked at TGE and the remainder linearly unlocked over 6 months;
Block Street announces its tokenomics model: total supply of 1 billion tokens, with 22.1% allocated to community and user incentives.
The stock execution layer Block Street on the Monad ecosystem has officially released its tokenomics for the $BSB token. The total supply of $BSB is 1 billion tokens, which will be launched on Ethereum and BNB Chain, with an initial circulating supply of 20.775% (207.75 million tokens).
The token allocation includes: Community and User Incentives (22.10%), Ecosystem Partners (20.60%), Exchange and Marketing (10.65%), Treasury (5.65%), Team and Advisors (17.30%), Core Investors (15.70%), Strategic Investors (3.00%), and Liquidity (5.00%).
Previously, Block Street, the stock execution layer on the Monad ecosystem, raised $11.5 million in funding, led by Hack VC.
Uniswap wins full victory in class action lawsuit over scam tokens, establishing boundaries of liability for DeFi developers
According to The Block, Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York dismissed all state law claims against Uniswap Labs and its founder, Hayden Adams, on Monday, bringing an end to the long-running litigation. The judge ruled that Uniswap should not be held liable for "rug pulls" and "pump-and-dump" schemes carried out by third-party issuers on its platform.
The court reaffirmed that merely providing a trading platform does not constitute substantial assistance in fraud, stating that holding the developers of smart contract code responsible for the misuse of a decentralized platform "defies logic."
Brian Nistler, General Counsel at Uniswap Labs, called this "another groundbreaking" ruling in the DeFi space. Founder Adams emphasized: "If fraudulent actors use open-source smart contract code, the responsibility lies with the fraudsters, not the open-source developers."
TROVE issuance sparks controversy: On-chain data shows some KOLs have received refunds; project team's response raises questions.
On X, on-chain analyst Eye, who previously exposed the “1011 Insider Whale,” stated that controversy surrounding the “catastrophic” launch of the TROVE project continues to escalate. On-chain data from multiple sources shows that project-related addresses issued refunds to certain KOLs (key opinion leaders) after the token’s launch, and these refunds have been received, sparking community skepticism regarding fund allocation and fundraising structure. According to disclosed information, within days of TROVE’s launch, multiple KOLs involved in promotion privately requested refunds; subsequently, some addresses confirmed receipt of these refunds. Based on publicly available addresses and on-chain data, approximately 171,000 USDC in total refunds have been confirmed to have been issued to certain KOLs. Further on-chain analysis suggests the total refund amount to the KOL community may reach around $3 million.
Trove Markets developer Unwise previously stated, “We won’t run away—we will resolve the current issues,” but external parties have questioned inconsistencies in his claims regarding control over ICO funds. This incident may involve creating a false impression of high fundraising through LP loans to boost market momentum, followed by payment disputes amid a rapid decline in token price. Current allegations are based on on-chain data and multiple leaks; the project has not yet released a comprehensive fund audit report.
Nasdaq enters the prediction market, planning to launch a 100-index binary option.
According to Jin10 Data, Nasdaq plans to launch options contracts that allow “yes or no” bets on major stock indices, becoming the latest exchange operator to enter the rapidly growing prediction market. According to a rule change proposal submitted to the U.S. Securities and Exchange Commission, the company aims to list “binary options” on its flagship products, the Nasdaq 100 Index and the Nasdaq 100 Micro Index. The filings indicate that Nasdaq contracts will be priced between one cent and one dollar, reflecting market views on the likelihood of a specific outcome. This would mark Nasdaq’s first foray into products mirroring prediction markets. These so-called “outcome-linked options” will enable traders to take binary positions on whether specific events occur. Binary options are simplified versions of options contracts whose payouts depend on the outcome of a “yes or no” proposition. The prediction market industry lists financial contracts covering sports, politics, and pop culture. Unlike Kalshi, Polymarket US, and CME’s event contracts, which are regulated by the U.S. Commodity Futures Trading Commission, binary options are regulated by the U.S. Securities and Exchange Commission. Nasdaq’s contracts are currently pending SEC approval.
Last week, Strategy increased its holdings by 3,015 BTC, bringing its total holdings to 720,737 BTC.
According to Strategy, the company has purchased 3,015 bitcoins for a total value of approximately $2.041 billion, with an average purchase price of about $67,700 per bitcoin. As of March 1, 2026, Strategy holds a total of 720,737 bitcoins, with a total investment of approximately $54.77 billion and an average purchase cost of about $75,985 per bitcoin.
Bitmine increased its ETH holdings by 50,928 last week, bringing its total holdings to 4.474 million ETH.
According to PRNewswire, Ethereum treasury company Bitmine disclosed that it increased its ETH holdings by 50,928 ETH over the past week, bringing its total ETH holdings to 4,473,587 ETH. Additionally, Bitmine revealed that it has staked 3,040,483 ETH, which, at the current ETH price of $1,976 per coin, is valued at approximately $6 billion.
Sony Bank has entered into a strategic partnership with JPYC to support direct purchases of JPY-backed stablecoins from bank accounts.
According to Nadanews, JPYC announced a memorandum of understanding (MOU) for strategic business collaboration with Sony Bank, with both parties set to jointly develop services based on the Japanese yen-stablecoin JPYC. Sony Bank’s Web3 business subsidiary, BlockBloom, will also participate in this collaboration, with the three parties aiming to build new mechanisms that seamlessly connect banking infrastructure, stablecoins, and the entertainment sector.
The collaboration will include offering real-time bank transfer functionality on the JPYC EX platform, enabling users to purchase JPYC directly through their Sony Bank accounts in the future without additional transfer steps. The two parties will also explore integration with entertainment intellectual property such as music and gaming, aiming to create new experiences that combine payments and user engagement, including use cases like digital content purchases and fan privilege distribution.
MINIMAX: $79 million in revenue for fiscal year 2025, annual loss of $1.87 billion
According to Caixin, MINIMAX reported revenue of $79 million for the fiscal year 2025, a 158.9% year-over-year increase. Over 70% of the revenue came from international markets. The company recorded an annual loss of $1.87 billion, a 302.3% increase compared to the previous year. As of December 31, 2025, MiniMax had served more than 236 million users across over 200 countries and regions, as well as 214,000 enterprise customers and developers from more than 100 countries and regions.
Market Updates
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