Bitcoin miner Cango has temporarily taken about 30% of its mining capacity offline, reducing its average operating hashrate to 34.55 EH/s versus 50 EH/s deployed, as declining mining profitability pressures operations. The company said the move is part of efforts to optimize…

Pakistan’s parliament has passed the Virtual Assets Act, establishing a formal regulatory framework for digital assets and creating the Pakistan Virtual Assets Regulatory Authority (PVARA) to license and supervise crypto businesses. The law introduces requirements for virtual…

Binance published a formal response to a Feb. 24 inquiry from U.S. Senator Richard Blumenthal, stating that recent media reports alleging sanctions compliance failures are “false” and based on misunderstandings. The exchange said it maintains strict KYC and sanctions controls,…

U.S. nonfarm payrolls fell by 92,000 in February, while the unemployment rate remained at 4.4%. Average hourly earnings rose 0.4% month-over-month to $37.32, up 3.8% year-over-year.

Dubai’s Virtual Assets Regulatory Authority (VARA) said crypto exchange KuCoin is operating without the required license and must stop offering services in Dubai. The regulator also warned that KuCoin promotions or marketing have not been approved and advised residents to avoid…

WuBlockchain Weekly: Parent Company of NYSE Invests in OKX; Kraken Gains Fed Payment System Access; Trump Urges Passage of Clarity Act; Bitcoin Miners Accelerate BTC Selling; Ethereum Staking Queue Hits Record; JPMorgan Sees Mid-Year Crypto Legislation; Ray Dalio Questions BTC as… https://twitter.com/WuBlockchain/status/2029895173400912263/photo/1

According to Reuters, Kazakhstan’s central bank plans to invest up to $350 million from its gold and foreign exchange reserves into crypto-related assets, including shares of crypto-linked tech firms and index funds, with the program expected to begin in April or May. Officials…

Binance will add the Monitoring Tag to COS, DEGO, FORTH, FUN, HOOK, LRC, MBOX, OXT and WIF, while removing it from FLOW and removing the Seed Tag from ONDO and VIRTUAL. Tokens with the Monitoring Tag are considered higher risk and are subject to close review, with the possibility…

On March 5 Eastern Time, Bitcoin spot ETFs recorded a total net outflow of $228 million. Ethereum spot ETFs recorded a total net outflow of $90.9365 million. https://sosovalue.com/zh/assets/etf/us-btc-spot https://twitter.com/WuBlockchain/status/2029816040759382120/photo/1