According to Huoxun Finance on March 5th, OKX market data shows that BTC has just broken through $73,000 and is currently trading at $73,076.10 per coin, down 0.43% on the day.

Odaily Planet Daily reports that BNB Chain announced on the X platform that, starting today, the BNB Beacon Chain token recovery tool will be phased out in three stages. BNB Beacon Chain asset holders should use the tool as soon as possible to migrate their tokens to BSC for faster processing.

Odaily Planet Daily reports that negotiations for US cryptocurrency legislation have reached a new impasse. The banking industry has stated it cannot support the compromise pushed by the White House, which allows stablecoin issuers to offer yield products in specific scenarios such as peer-to-peer payments, but prohibits offering yields on idle holdings. Crypto companies have accepted the compromise, but banks still want stricter restrictions on the scope of businesses that can offer rewards, arguing that such provisions could lead to deposit outflows. Standard Chartered estimates that stablecoins could draw approximately $500 billion in deposits from the US banking system by the end of 2028. Trump tweeted on Truth Social that he would not allow the banking industry to "undermine our strong crypto agenda." Crypto industry players such as Coinbase, Ripple, and the Blockchain Association have participated in the negotiations. Blockchain Association CEO Summer Mersinger stated that "the path to a viable agreement is clearer than it was a month ago." The bill also faces other challenges: it requires the support of at least seven Democratic senators, some Democrats are demanding a ban on elected officials profiting from crypto businesses, and other lawmakers are calling for stricter anti-money laundering provisions. The bill also needs to be reconciled with the Senate Agriculture Committee version and compete for a time slot with other bills, such as housing policy reform, within the limited Senate agenda. Adrian Wall, managing director of the Digital Sovereignty Alliance, said that if the bill fails to reach the president for signature before July, the midterm elections will close the passage window.

According to Odaily Planet Daily, Venice founder Erik Voorhees stated in a post on the X platform that Venice's current privacy model involves not storing prompts and response content on servers, and therefore they are not retained, viewed, or retrieved. However, this privacy cannot currently be proven. He indicated that verifiable privacy protection has been on the roadmap since the project's inception, and this feature will be delivered soon.

Huoxun Finance News, March 5th - According to an official announcement, Coinbase announced that it will launch spot trading of OPINION (OPN). If liquidity conditions are met and the supported trading regions meet the trading requirements, the OPN-USD trading pair will begin trading at or after 21:00 Beijing time on March 5th.