Wu Shuo Daily Selected Crypto News - U.S. February PPI Year-over-Year Rate Hits 3.4%, Highest Since February Last Year

1. U.S. February PPI Year-over-Year Rises 3.4%, Reaching the Highest Since February Last Year

U.S. February Producer Price Index (PPI) increased by 3.4% year-over-year, surpassing market expectations of 2.9% and reaching the highest level since February last year. The monthly PPI for February rose by 0.7%, the largest increase since July 2025.

2. U.S. SEC Clarifies 16 Cryptocurrencies, Including BTC and ETH, as Digital Commodities Not Securities

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) listed 16 examples of “digital commodities,” including Aptos (APT), Avalanche (AVAX), Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Ether (ETH), Hedera (HBAR), Litecoin (LTC), Polkadot (DOT), Shiba Inu (SHIB), Solana (SOL), Stellar (XLM), Tezos (XTZ), and XRP (XRP), explicitly stating these assets are not securities.

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3. Vitalik Buterin: Ethereum Introduces Fast Confirmation Rule, Achieving Irreversibility in a Single Slot (12 Seconds)

Ethereum co-founder Vitalik Buterin introduced a new fast confirmation rule mechanism on X. This mechanism allows users to have a non-revert guarantee after just one Slot (12 seconds). Vitalik pointed out that the security of this rule relies on two premises: most validators are honest nodes, and network latency is below approximately 3 seconds. Although slightly less secure than economic finality, it provides strong reliability for many applications.

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4. Zhangqiu Court in Jinan, Shandong: Losses from Entrusting Others to Invest in Virtual Currencies Are the Investor’s Responsibility

The Jinan Intermediate Court in Shandong recently released a typical case clarifying the responsibility for losses incurred from entrusting others to invest in virtual currencies. The case showed that plaintiff Liu entrusted Zhang to invest in “Alpha Coins,” but due to criminal activities on the platform leading to funds being unrecoverable, Liu sued for the return of the investment. The Zhangqiu District Court held that, according to the “Notice on Further Preventing and Disposing of Virtual Currency Trading and Speculation Risks” issued by the People’s Bank of China and other departments, virtual currency trading is an illegal financial activity, and civil legal actions related to it are invalid.

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5. SEC Proposes Cryptocurrency Regulatory Framework, Plans to Establish Exemption and Safe Harbor Mechanisms and Clarify Asset Classifications

SEC Chairman Paul S. Atkins stated at the DC Blockchain Summit that the SEC is advancing a classification and investment contract interpretation framework for digital assets, dividing them into non-securities categories (such as digital commodities, digital collectibles, digital tools, and stablecoins compliant with the GENIUS Act) and digital securities. He clarified that the securities status can be terminated after related commitments are fulfilled. Additionally, he proposed a “cryptocurrency regulatory framework” that includes safe harbor mechanisms offering funding pathways, such as a startup exemption with a maximum of about 4 years and a funding cap of approximately $5 million, and a 12-month exemption allowing up to about $75 million in funding. Once conditions are met, the investment contract safe harbor applies. The relevant rules are expected to enter a public consultation phase.

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