Asset management company REX Financial launches Bitcoin Corporate Treasury Convertible Bond ETF

On March 14th, according to a memo released by the White House, David Sacks, the head of artificial intelligence and cryptocurrency affairs, sold over $200 million in digital asset related investments through his personal and company Craft Ventures before taking office. Among them, at least $85 million is directly attributed to Sacks, but Craft Ventures still holds some fund investments involving cryptocurrency assets. Sacks emphasized that selling assets is to "avoid any suspicion of conflict of interest". Sacks sold all its holdings of Bitcoin, Ethereum, and Solana, and cleared its shares in Bitwise 10 Crypto Index Fund, Coinbase, and Robinhood. In addition, he has also begun to withdraw from limited partnership interests in cryptocurrency investment funds such as Multicoin Capital and Blockchain Capital.

According to BlockBeats, on March 14th, the National Securities Commission (CNV) of Argentina officially approved General Resolution 1058, establishing final regulatory guidelines for virtual asset service providers (VASPs). The new regulations cover registration obligations, network security, asset custody, anti money laundering measures, and risk disclosure, aiming to ensure the transparency, stability, and user protection of the cryptocurrency ecosystem. According to the new regulations, VASP must ensure the separation of company and client funds, conduct regular annual audits, and submit monthly reports to CNV. In addition, unregistered enterprises or those who violate regulations may face registration revocation or court blockade. In terms of compliance deadlines, registered individual service providers need to complete adjustments before July 1st, local registered companies need to comply before August 1st, and overseas companies need to meet the new requirements before September 1st. CNV Chairman Roberto E. Silva said, "Those who fail to comply on time will not be allowed to operate in Argentina

On March 15th, according to Cointelegraph, the cryptocurrency bill in Kentucky, USA, has just passed its third reading and "it is now one step closer to reaching the governor's desk

The current total position of OKX BTC options contract is 28264.58 BTC, with a 12.4% decline in the past 24 hours, indicating a decrease in the activity of the options trading market. Data for reference only Interpretation: Option holding refers to the total number of unexercised option contracts in the market, which can reflect the current market's views and expectations on the future price trend of a certain underlying asset. Data for reference only

Odaily Planet Daily News: The encryption bill in Kentucky, USA has completed its third reading and is one step closer to being signed by the governor. （Cointelegraph） Note: Third reading is a legislative procedure of the legislative body. Due to the fact that the title of a draft bill or proposal is read out three times during this procedure, it is referred to as a third reading.