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The UK's Financial Conduct Authority (FCA) has released the final draft of the crypto asset framework. This new regulation is set to bring most crypto activities under the regulation of the Financial Services and Markets Act by October 25, 2027.According to the proposal, any institution that holds customer crypto assets for more than 24 hours or has the ability to revoke customer permissions will be considered a regulated custodian and must hold a full safeguarding license. Validators and node operators that provide value-added features such as yield or reward reinvestment will lose their technical exemptions. In addition, stablecoin issuers within the UK must control the entire lifecycle from issuance to redemption. Relevant institutions must submit authorization applications between September 30, 2026, and February 28, 2027.

JPMorgan analysts have stated that negotiations for the U.S. "Cryptocurrency Market Structure Act" (i.e., the CLARITY Act) have entered the final stages, with both sides reaching compromises on a few remaining contentious points. The number of disputes has been reduced from over a dozen to 2-3 core issues, with discussions on stablecoin rewards being "in a good place." While banks express concerns about stablecoins offering similar yields to deposits, there is an overall bipartisan compromise trend. JPMorgan believes that "there is no perfect bill," and once passed, the bill will provide important regulatory clarity for the integration of digital assets into the U.S. financial system.The "Cryptocurrency Market Structure Act" is currently in advanced negotiations in the U.S. Senate, with Senate staff stating that the draft is "very close" to resolution, but the final text has not yet been released, nor has a formal vote been scheduled. The remaining major disagreements focus on stablecoin rewards, DeFi regulation, and token classification issues. Although optimism is rising, there is still a risk of delays due to the 2026 midterm elections, which could lead to a more uncertain political environment. If the bill is ultimately passed, it will delineate the regulatory authority between the SEC and CFTC, providing a long-term regulatory framework for stablecoins, DeFi, and the entire cryptocurrency industry.

According to Caixin, U.S. Vice President Vance stated at a press conference that negotiations between the U.S. and Iran have not reached an agreement, and the U.S. negotiating delegation he leads will return home. Vance mentioned that the U.S. side has shown "considerable flexibility and sincerity" during the negotiations and has clearly outlined "acceptable and unacceptable conditions," but the Iranian side "chose not to accept." Vance also revealed that during approximately 21 hours of negotiations, the U.S. delegation maintained communication with President Trump and the national security team, and has presented Iran with a "final proposal," awaiting a response from the other side.

According to Jinshi News, Tether is launching a final sprint for financing with a valuation of $500 billion, urging investors to commit to an agreement in the next two weeks.

According to analyst Alicharts, Bitcoin has dropped 52% since its peak in October 2025, with a 3-day SMA crossover signal appearing on February 27 (the death cross of both the 50-period and 200-period SMA), which has now lasted for 30 days. Historical patterns suggest that the final accumulation window of this cycle may occur within the next 3-6 days.Alicharts points out that historical records show that in every major cycle since 2014, the crossover of the 50 and 200 SMA marks an absolute bottom and a golden buying opportunity. Past cycles indicate that a final drop of 40-52% occurs 23-33 days after the crossover, completing the bear market washout. The potential washout target for this cycle is between $30,000 and $40,000, after which the next bull market will begin.

The Arizona Digital Asset Reserve Act will undergo a final vote, which allows the state to hold seized BTC and XRP instead of auctioning them off.

According to Crypto in America, U.S. senators are expected to release the final compromise text on stablecoin earnings and reward mechanisms this week as part of the discussion on the Clarity Act;Meanwhile, Anchorage Digital and Chainlink have joined a new bipartisan hybrid PAC initiated by members of the Digital Chamber of Commerce to promote a pro-crypto regulatory agenda.

According to Jinshi reports, the final value of the one-year inflation rate expectation in the U.S. for March is 3.8%, lower than the market expectation of 3.9%, and the previous value was 3.4%.

According to Cointelegraph, Tim Scott, the chairman of the U.S. Senate Banking Committee, stated that bipartisan support has been gained for cryptocurrency market structure legislation, and consensus within the industry is the final obstacle. He revealed that communication with Coinbase has taken place, and all parties are still at the negotiating table.

Zhao Changpeng posted on Binance Square, "The (new book) is finally finalized, I hope so. It should be published soon.To avoid any potential leaks, the book title is as follows:English: Freedom of Money: A Memoir of Protecting Users, Resilience, and the Founding of BinanceChinese: Binance Life: A Memoir of Luck, Resilience, and Protecting Users"

According to the RootData calendar page, next week includes several important news items such as project updates, macroeconomic finance, token unlocks, incentive activities, and presale events. The details are as follows:March 23:Polymarket announces major news;AVAIL unlocks 20,913.19 million tokens, worth $849,700, accounting for 5.58% of the circulating supply;SOON unlocks 2,187.64 million tokens, worth $2,866,300, accounting for 4.749% of the circulating supply;ZORA unlocks 16,666.67 million tokens, worth $2,817,600, accounting for 3.728% of the circulating supply.March 24:NIL unlocks 11,865.18 million tokens, worth $5,614,300, accounting for 37.752% of the circulating supply;Japan's February core CPI year-on-year rate.March 26:SAHARA unlocks 7,239.58 million tokens, worth $2,027,100, accounting for 2.488% of the circulating supply;ALT unlocks 24,658.98 million tokens, worth $1,818,900, accounting for 4.338% of the circulating supply;soonBase L3 network ceases operations.March 27:WAL unlocks 38,833.33 million tokens, worth $31,024,700, accounting for 17.323% of the circulating supply;U.S. March one-year inflation rate expectation final value;Federal Reserve Vice Chairman Jefferson delivers a speech;2027 FOMC voting member and San Francisco Fed President Daly gives an opening speech at a conference on macroeconomics and monetary policy.March 28:XPL unlocks 8,888.89 million tokens, worth $857,160, accounting for 4.938% of the circulating supply;SIGN unlocks 9,666.67 million tokens, worth $460,290, accounting for 5.894% of the circulating supply.March 29:HYPE unlocks 991.67 million tokens, worth $399,245, accounting for 4.16% of the circulating supply;In addition, there is a button at the top of the RootData calendar page for generating image shares, allowing users to select important events for sharing.Risk warning: This calendar does not constitute any investment advice.

Morgan Stanley's chief U.S. equity strategist, Michael Wilson, released a report presenting a viewpoint contrary to the current market panic, suggesting that the current severe adjustment has matured in both time and space, and the market is approaching a bottom rather than the beginning of a decline.Data shows that 50% of stocks in the Russell 3000 index have fallen more than 20% from their 52-week highs, and this proportion exceeds 40% in the S&P 500 index, indicating that half of the stocks are in a bear market, with the apparent decline underestimating the breadth of internal losses.Wilson believes that the current sell-off is a "pullback in a bull market," which began last fall when liquidity tightened, well before the recent escalation of geopolitical conflicts. The current capitulation-style sell-off often marks an end rather than a beginning.Unlike previous economic recessions accompanied by deteriorating earnings, current S&P 500 earnings are growing at a rate of 13% and are continuing to accelerate. Wilson's viewpoint is based on two major assumptions: the Iran conflict remains controlled, and oil prices stay below $100 per barrel. If oil prices break through and stabilize above $100, the market may evolve from a pullback into a more severe crisis.

According to CoinDesk, Tim Scott, the chairman of the U.S. Senate Banking Committee, stated at the Washington DC Blockchain Summit that the previously stalled cryptocurrency market structure bill is making substantial progress behind the scenes, with the first draft expected to include language related to stablecoin yields.Scott mentioned that the issue of stablecoin yields is the most publicly discussed topic in the bill, and currently, Democratic Senator Angela Alsobrooks, Republican Senator Thom Tillis, and White House official Patrick Witt are actively working to resolve this issue.On other pending topics, Scott revealed that several disagreements have entered the negotiation stage over the past month, including: ethical issues raised by former President Trump and his family's cryptocurrency projects, the quorum issue regarding bipartisan committee seats in major regulatory agencies, and DeFi regulation and anti-money laundering (AML) compliance requirements. Scott stated that these issues are all progressing, and the overall situation is improving.

According to Iranian media reports on the 8th, the Iranian Experts Assembly has made a final decision on the new Supreme Leader candidate.

Vitalik Buterin posted on the X platform, stating that in the discussion of Ethereum's consensus mechanism, there is a proposal to replace the current finality component Casper FFG with a new one called Minimmit. He believes that Casper FFG employs a two-round finality mechanism (validators need to sign twice to complete "proof" and "final confirmation"), while Minimmit requires only a single round of signatures to achieve finality.As a trade-off, the fault tolerance threshold of Minimmit will be reduced from 33% in Casper FFG to about 17%. Although the fault tolerance ratio decreases, Minimmit can more likely allow the network to enter a state of "multi-chain competition rather than erroneous final confirmation" in various attack or client vulnerability scenarios, which is easier to recover through community coordination. He believes that compared to erroneous blocks being finalized, the absence of finality for a short period is safer and more recoverable, thus suggesting that Minimmit may be superior in overall security trade-offs.