JUST IN: 🇸🇻 El Salvador President Nayib Bukele says the country will not stop purchasing Bitcoin for its strategic reserve.


According to official sources, blockchain infrastructure providers such as Chainlink and Hyperlane, as well as protocol provider Velodrome, have officially launched a new interoperable USDT token OpenUSDT to the OP Superchain ecosystem. OpenUSDT is collateralized one-to-one by native USDT locked on the Celo chain, using Chainlink CCIP and Hyperlane for cross chain transmission, providing liquidity for stablecoin USDT on the Superchain. Starting today, OpenUSDT is officially launched on the Base, Fraxtal, Lisk, Metal, Mode, Optimism, Soneium, and Unichain blockchains, with its native USDT locked onto Celo. The Superchain network can now access Tether's USDT without permission, and various cross chain DeFi protocols can also directly access these USDT.
On March 5th, according to Cointelegraph, asset management company VanEck stated that Solana's planned protocol upgrade is crucial for the long-term healthy development of the network, but may have a negative impact on validators' income. In March, Solana validators will vote on two blockchain protocol upgrade proposals (SIMD) aimed at ensuring that stakers receive rewards and adjusting SOL's inflation rate. Matthew Sigel, head of digital asset research at VanEck, stated in a post yesterday that these two proposals have sparked "significant controversy" as they could potentially cut validators' income by up to 95%, endangering small operators. Although these changes may reduce staking rewards, we believe that reducing inflation is a worthwhile goal to enhance Solana's long-term sustainability The first proposal SIMD 0123 will introduce an intra protocol mechanism to allocate Solana's priority fees to validators and pledgers. Traders can pay additional fees to speed up transaction processing, with priority fees accounting for 40% of network revenue, but currently validators do not need to share with stakers. The proposal will be voted on March 6th and will increase staking rewards, block off chain trading protocols, and strengthen on chain execution. The second proposal SIMD 0228 is the "most influential" proposal, which will adjust the SOL inflation rate to be inversely proportional to the percentage of pledged token supply, potentially reducing dilution and lowering selling pressure on stakers. According to Coin Metrics, as of February, Solana's inflation rate was 4%, lower than the initial 8%, but still far above the terminal target of 1.5%, and is currently declining at a rate of 15% per year.
ENA will unlock 12.86 million tokens today, worth approximately 4.83 million US dollars, accounting for 0.086% of the total supply. The current circulation is 2.17 billion pieces, with a total of 15 billion pieces.
According to Protos, the resolution of the court case by Terraform Labs founder Do Kwon has been delayed by one month due to the US government's claim that the defense team needs more time to review additional 4TB of evidence. The status meeting scheduled for March 10th (where lawyers from both parties discussed the current progress of the case and possible solutions) has been postponed. According to a written request submitted by the US government, the New York District Court postponed the meeting to April 10th yesterday. The court agreed to the request of the United States and stated that the meeting would be postponed "so that the defense can review a large amount of evidence The US government claims to have submitted 600GB of evidence to the defense on February 27th, including Do Kwon's phone data, emails, and cryptocurrency transaction records. In addition, the government also stated that it "expects to provide additional 4TB evidence to the defense before the end of next week." The court order that postponed the meeting stated that the final trial "is still scheduled for January 26, 2026.
Odaily Planet Daily News: According to a report by JPMorgan, the total market value of top mining companies in the United States decreased by 22% in February, to approximately $6 billion. Previously, the price of Bitcoin fell by 10% and is currently at $87300. The report also pointed out that miners' daily block reward income decreased by 5%. Mining operation costs have increased, and investors have turned to risk avoidance due to market sentiment and trade wars. (Decrypt)