Paul Chan: The first stablecoin issuer licenses will be issued in March, and a draft of the digital asset policy ordinance will be submitted within the year.

Ukraine advances the central bank digital currency e-hryvnia. How should crypto investors respond to regulatory and market changes?

Ukraine is accelerating the development of its central bank digital currency, the "Electronic Hryvnia," with the goal of enhancing financial infrastructure and increasing the adoption of digital payments. Due to the wartime environment and infrastructure investments, official issuance still faces challenges. Investors should pay attention to relevant legislative developments to adjust asset allocations accordingly and assess the impact of payment system reforms on the crypto market.

Concerns over bank deposit outflows intensify, U.S. Senators restart debate on stablecoin yield regulation

The U.S. Senate Banking Committee held a hearing on stablecoin yields to discuss the impact of the GENIUS Act. The bill prohibits stablecoin issuers from paying interest but does not restrict platform rewards, raising concerns about potential bank deposit outflows. Banking industry representatives pointed out the potential risk of deposit outflows, while supporters argued that there is no substantial evidence. Regulatory agencies emphasized that there have been no signs of large-scale deposit outflows at present and plan to enhance regulation of digital assets.

Anthropic rejects the White House's final ultimatum, setting a potential precedent for government-mandated encryption companies

Anthropic CEO Dario Amodei refused the U.S. Department of Defense's ultimatum in 2026, prohibiting Claude AI from being used for military purposes, as it crossed the red line of autonomous weapons and surveillance. This incident highlights the potential threats of the Defense Production Act, which could impact the technology and cryptocurrency industries. Anthropic faces the risk of losing military contracts, and the broader supply chain exclusion could have more far-reaching effects, testing the resilience of decentralized architectures.

U.S. Congress pushes DeFi legislation, developer criminal liability exemptions or rewriting the crypto legislative landscape

The U.S. House of Representatives has introduced the "Blockchain Development and Innovation Act," aimed at amending Section 1960 of the Code to clarify that decentralized developers who do not hold others' funds will not be considered illegal. This bill interacts complexly with the Cryptocurrency Market Structure Act, and industry stakeholders are concerned about its impact on DeFi legislation. The bill is expected to improve future criminal protections for developers.

Data: As the crypto market drops over 21%, the tokenized gold protocol rises up to 62%

Affected by geopolitical tensions and U.S. tariff policies, gold prices continued to hit record highs in 2026, reaching $5,417 per ounce at the end of January and remaining above $5,000, driving significant growth in tokenized gold protocols. Meanwhile, the crypto market came under pressure, with market capitalization dropping over 21%, and Bitcoin falling back to levels seen before Donald Trump's election in 2024.

Why did Bitcoin drop today? Increased uncertainty in US-Iran nuclear negotiations, and the $71,000 fake breakout exposed the essence of short squeeze.

Bitcoin recently retreated from $71,000 to $67,000, mainly due to false breakouts caused by forced short liquidations and increased market risk premium from ongoing uncertainties in US-Iran nuclear negotiations. On the technical side, $71,000 is a major resistance level; if it cannot be effectively broken through, it will impact the short-term trend. The decline in open interest indicates market deleveraging, and the price increase lacks sustainable support.