CZ releases crazy idea token issuance of tokens

Reprinted from jinse

03/02/2025·2M

Headlines

▌ CZ releases "Crazy Ideas to Issuing Tokens" and clarifies no plans to issue tokens

CZ posted on X platform, saying, "What if someone issued a token with the following token economics? Initially, 10% of the tokens were unlocked and sold on the market. The proceeds will be used to build products/platforms, marketing, salary, etc. Each future unlock must meet all the following conditions: Six months after the last unlock. Only when the token price remains above 2 times the last unlock price for more than 30 consecutive days before unlocking. Up to 5% of the tokens will be unlocked at each time.

▌White House: The first cryptocurrency summit will be held on March 7, Trump will attend and deliver a speech

According to official news, President Trump will attend the first White House Cryptocurrency Summit on March 7 and deliver a speech. Attendees will include well-known founders, CEOs and investors in the cryptocurrency industry, as well as members of the President’s Digital Assets Working Group. The summit will be chaired by White House AI and Crypto Tsar David Sex and will be managed by Bo Haines, executive director of the task force.

Quotes

As of press time, according to Coingecko data,

BTC's recent transaction price is US$86,150.51, up and down +2.8% intraday;

ETH's latest transaction price is US$2,217.44, with an intraday increase of +0.1% ;

BNB's recent transaction price is US$609.55, with an intraday increase of +3.9% ;

SOL's latest transaction price is US$144.83, with an intraday increase and decline of -0.8% ;

DOGE's recent transaction price is US$0.2063, with an intraday increase and decline of +2.3% ;

XPR's recent transaction price is US$2.19, with an intraday increase and decline of +3.4 % .

policy

▌Ukrainians say they support Zelensky

On February 28 local time, US President Trump and Ukrainian President Zelensky broke out in the White House. Local Ukrainians said in an interview with reporters that they were both shocked and angry, and expressed their support for Zelensky, believing he was humiliated.

▌SNB President Denied the Idea of Using Bitcoin as a Reserve of the SNB

According to local media reports, Swiss National Bank (SNB) Governor Martin Schlegel refused to use Bitcoin as a reserve for the Swiss National Bank, citing a lack of stability, liquidity and security. In an interview with Tamedia Group, Schlegel cited three major concerns surrounding cryptocurrencies. The first is the volatility of cryptocurrencies, which he believes makes cryptocurrencies unsuitable for long-term preservation.

Blockchain application

▌ Vitalik: The goal is to run the Fusaka test network with specific blob parameters the day after Pectra goes online

Ethereum co-founder Vitalik Buterin posted a statement saying that by 2025, we need Fusaka upgrade plan to use PeerDAS on L1, ideally with the blob target/limit of 48/72. Our goal is to run the Fusaka testnet with these blob parameters the day after Pectra went live.

Cryptocurrency

▌Ethereum needs a large number of young people with a vision of crypto- punk

Ethereum co-founder Vitalik Buterin said, "What Ethereum needs is a large number of young people with a vision of crypto-punk. All OGs are exhausted, and now we will look at the next generation."

▌Ukraine is exploring the cryptocurrency tax rate between 5% and 10%

According to Cryptoslate, citing local media reports, Ukraine is advancing the process of legalizing cryptocurrencies, and lawmakers are expected to vote on the bill in the coming months. However, there is still uncertainty about how digital assets are taxed. Ukraine is exploring the cryptocurrency tax rate between 5% and 10%. However, officials are also considering adopting a standard tax framework, which is to impose an income tax of 18% plus a 5% military tax, bringing the total tax burden of crypto income to 23%. The final decision is still under discussion and legislation is expected to be completed by mid-2025.

▌Bitcoin is an insurance, not an investment, and can ensure that its own assets will not be returned to zero as much as possible.

Solana co-founder Toly said in a response to a community person, “Bitcoin has no value. To be honest, it’s insurance. From my life experience, a superpower has a 1% chance of crashing every year. It’s worth it to me to spend 1% of wealth buying assets that may not be zeroed in that environment. It’s not an investment, it’s a cost, and there’s no guarantee it will work. Bitcoin can do that with both $100,000 and $10,000. If it works, it has little to do with technology beyond the initial innovation 15 years ago.”

▌ Ripple Chief Legal Officer supports US SEC 's guidance on Meme currency

Ripple Chief Legal Officer Stuart Alderoty broke his silence on the SEC's latest Meme currency classification. The legal expert fully agrees with market regulators, emphasizing that Meme coins are not securities. He reiterated that the charm of the guidance lies in its simplicity. Stewart-Aldrotti believes that the problem with market regulators is whether something falls within its jurisdiction, not whether it is legal or illegal. He noted that according to the commission's new position, other agencies can take action if fraud occurs, rather than the Securities and Exchange Commission.

Important economic trends

▌China Securities Regulatory Commission: Orderly launching the pilot program of digital RMB in Hong Kong

Recently, the China Securities Regulatory Commission issued a letter on the reply to the proposal of the second session of the 14th National Committee of the Chinese People's Political Consultative Conference. It mentioned that the China Securities Regulatory Commission and relevant departments will further optimize and expand the interconnection of the mainland and Hong Kong financial markets, continue to optimize the mechanisms such as stock connectivity, bond connectivity, and fund mutual recognition. On the basis of summarizing existing experience, conduct in-depth research and demonstration of the feasibility of Hong Kong companies listing in the mainland, and continue to promote the optimization of the "cross-border wealth management connectivity" business pilot in combination with market demand, and carry out the pilot program of digital RMB in Hong Kong in order to comprehensively deepen the close practical cooperation between the mainland and Hong Kong, and consolidate and enhance Hong Kong's position as an international financial center.

Golden Encyclopedia

▌What is fractal Bitcoin

Fractal Bitcoin is an innovative blockchain expansion solution based on recursive virtualization technology to enhance the scalability of Bitcoin by creating multi-layer network structures while maintaining a secure connection to the main network. The creative background of fractal Bitcoin originated from the emergence of the Ordinals protocol and related applications in 2023. For security reasons, Bitcoin imposes restrictions on opcode and block storage space in its iteration. When the Bitcoin chain ecosystem is developing rapidly, there are limitations in on-chain computing power and block space, so the developers proposed the concept of fractal Bitcoin, hoping to solve the shortcomings of the Bitcoin network.

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