The Solana SIMD-0228 proposal has now started voting. According to Dune data, the current approval rate is 7.4% and the disapproval rate is 1.1%.

The South Korean Prosecutor's Office gave up appealing the court's decision to "cancel the detention of Yoon Suk-yeol" on the 8th, and Yoon Suk-yeol will be released later. (Jinshi)

Data from L2BEAT shows that the total value locked in the Ethereum Layer2 network is currently $32.9 billion, with a 4.98% decrease in the past 7 days. The top five locked values are:

David Sacks, the White House cryptocurrency chief, dodged questions about potential conflicts of interest between U.S. President Trump and cryptocurrencies during an interview on Friday, saying that Trump's personal digital asset projects (such as controversial meme coins) are "irrelevant" to government policy. When asked if Trump's cryptocurrency projects affect industry regulation, Sacks said, "I don't think it has any impact, it's not related to the work we're doing here." Later, when asked about Trump's "personal investments" in cryptocurrencies like Bitcoin, Sacks sharply refuted, saying "these are baseless claims," and that there is no evidence to suggest that Trump has personal investments in cryptocurrencies like Bitcoin.

According to Onchain Lens monitoring, a whale redeemed 36,156 SOL (5.05 million US dollars) after pledging for a year, making a profit of 1.51 million US dollars. Initially, this whale pledged 32,999 SOL on February 10, 2024, and made a profit of 3,157 SOL from the pledge.

The Office of the Comptroller of the Currency (OCC) issued a new letter, announcing the revocation of Interpretation Letter 1179 issued on November 18, 2021, and reaffirming that the activities related to cryptocurrency custody, distributed ledger, and stablecoins discussed in the previous letter are allowed.

On-chain analyst Ali posted on X that whales have bought over 30,000 BTC in the past two weeks.

The participants of the White House cryptocurrency summit took turns to speak, mostly expressing a series of progress in the cryptocurrency field since Trump took office and praising Trump himself.

On March 8th, it was announced by Omer (@demirelo), former director of the Avalanche Foundation, on the X social platform that three directors, including Aytunç Yildizli and Vikram Nagrani, officially resigned from the board of directors of the foundation and its subsidiaries early this week.

Scott Bessent, the US Secretary of the Treasury, spoke at the White House Crypto Summit, saying: "We will deeply consider the stablecoin system, as directed by President Trump, we will maintain the US position as the world's leading reserve currency, we will use stablecoins to achieve this."

The U.S. Commodity Futures Trading Commission (CFTC): As of the week ending March 4, the net long position of Bitcoin was 614 contracts. (Jin Shi)

According to Whale Alert monitoring, in the past two hours, the USDC Treasury has added a total of 479,734,456 USDC tokens.

On March 8th, MegaETH co-founder Lei Yang posted on social media that the RPC outage incident yesterday exposed an interesting edge case. Debugging the RPC method call resulted in the server allocating a large amount of memory for an excessively long string, ultimately leading to memory exhaustion. The MegaETH team has decided to build their own RPC stack in order to apply multiple optimizations on the RPC stack to improve performance. From a performance perspective, the results are good, but the cost is that the team will need to handle the maintenance of the infrastructure themselves. It is expected that there will be more outage situations in the future, and more post-incident analysis reports will be released. It is hoped that these reports will stimulate interesting discussions. They encourage everyone to provide more edge cases for testing now, rather than encountering problems months later.

Hut 8, a Nasdaq-listed cryptocurrency mining company, released its latest operating data, revealing that the mining output in February was 46 bitcoins, a decrease from the 65 bitcoins mined in January. Currently, its bitcoin reserve has increased to 10,237 BTC (including 968 bitcoins pledged and transferred to a third-party wallet). In addition, Hut 8 disclosed that the delivery of mining machines under the hosting agreement signed with Bitmain is in progress.

Coinbase CEO Brian Armstrong said on the X platform, "On this historic day of the White House Digital Asset Summit, thanks to President Trump's leadership and David Sacks' efforts, the United States now has a strategic Bitcoin reserve and regulatory policies are gradually becoming clear. This directly translates into economic growth in the United States. For example, Coinbase plans to hire about 1,000 employees in the United States this year to address this new growth. We will continue to develop this industry in the United States to ensure that the United States maintains a leading position in the technology and finance sectors."

Gianni Infantino, President of FIFA, announced the "FIFA Coin" plan at a White House summit, hoping to launch their own cryptocurrency. The aim is to leverage the $170 billion football industry and the 5 billion global football fans. They will invite cryptocurrency experts to collaborate and help realize this project.

President Trump signed an executive order to establish a special White House 2026 World Cup task force.

Polymarket posted on X platform, stating that after an unauthorized interview with Tucker Carlson, SBF (Sam Bankman-Fried) has been placed under solitary confinement. Since this unauthorized interview aired, the possibility of SBF receiving a presidential pardon has nearly doubled.

According to The Paper news, the Procurator-General of the Supreme People's Procuratorate, Ying Yong, made a work report of the Supreme Procuratorate at the third session of the Fourteenth National People's Congress, in 2024, the procuratorial organs prosecuted 825 people for securities crimes such as financial fraud and insider trading, and prosecuted 3032 people for money laundering crimes such as using "virtual currency" to transfer criminal proceeds.

On March 8th, a court in Georgia ordered the detention of George Bachiashvili, the founder of Mission Gate and a venture capitalist. He is currently facing trial for allegedly embezzling investment profits from former Georgian Prime Minister Bidzina Ivanishvili.