Analysis: The probability of the US Canada trade war ending before May on Polymarket has jumped to 70%, and the cryptocurrency market may rebound due to this news

Currently, BTC is testing the key chip peak of $87540, which is the core area of short-term long short games. Once the volume breaks through, it is expected to attack the strong pressure level of $92823; If lost, the short-term chip peak support of $83783 may be tested. Please note that during the 45 minute custom cycle, the bullish momentum of MACD weakens and trading volume tends to stabilize. However, the current price is above EMA52 and EMA12 is approaching the Vegas channel. If EMA24 crosses EMA52 or the Vegas indicator confirms a breakthrough, there is a high possibility of a short-term rebound. Editor's note: Chip intensive areas are often the key points for trend initiation, and breaking or stabilizing may trigger market acceleration. The data is sourced from PRO members, for reference only, and does not constitute any investment advice!

According to Cryptonews, the South Korean media "Daily Keizai" reported that South Korean regulators are closely monitoring developments in Japan before making decisions on cryptocurrency spot ETFs. This means that if Japanese regulators approve Bitcoin ETF applications, South Korean regulators may also follow suit. The Financial Services Commission (FSC) of Japan has been discussing the approval of Bitcoin ETFs since the end of last year. However, the institution has repeatedly shown a lukewarm attitude towards cryptocurrencies, especially Bitcoin ETFs. Therefore, the South Korean financial authorities have also begun to respond. According to the media report, another top regulatory agency in South Korea, the Financial Supervisory Authority, has reviewed the encryption policies of the Financial Services Agency (FSA) in Japan and "shared its investigation results with relevant organizations in Seoul". According to reports from major Japanese media such as Nikkei News, the Financial Services Agency of Japan is considering reclassifying cryptocurrencies as investment vehicles and is also "considering" approving Bitcoin and altcoin ETFs. South Korean regulatory authorities believe that the silence of the Japanese Financial Services Agency on this matter has increased the credibility of the Nikkei News report.

Odaily Planet Daily News: According to @ Bitcoin_Laws, the Texas Strategic Bitcoin Reserve Act SB21 has been included in the notice of intent and voting can begin today.

Foresight News reported that according to Blockworks Research, Solana's on chain activity significantly slowed down in February. The data shows that Solana's Real Economic Value is $196 million, a decrease of 64% compared to the previous period; The application revenue was 284 million US dollars, a decrease of 56% compared to the previous period; The trading volume of DEX was 156 billion US dollars, a decrease of 54% compared to the previous period; The supply of stablecoins was $11.2 billion, a decrease of 2% compared to the previous period.

Foresight News reported that the social protocol Lens announced in a post that its on chain storage solution Grove has been launched on the Ethereum mainnet, ZKsync, Abstract, Sophon, and Base. The official statement states that Grove provides a scalable and customizable Web3 storage method, and users maintain full control over its content.