March 20th, the U.S. Senate saw a breakthrough in stablecoin yield legislation discussions, with the key lying in building a compromise framework. Senators pointed out that the focus has shifted to identifying stakeholders rather than bill details, and the White House maintains a cautious stance. The latest discussions plan to restrict the use of traditional financial terminology, aiming to reduce regulatory pressure. Stablecoin-related business has become an important part of platform revenue, and policy changes could impact business models. The probability of this bill passing by 2026 is estimated at 61%.

美國穩定幣監管出現關鍵變數，白宮經濟顧問委員會的研究報告成為爭議焦點，認為穩定幣影響傳統銀行存款有限。多位共和黨參議員要求公開報告，以推進《數字資產市場透明度法案》。財政部長信號顯示支持放寬銀行資本約束，政策路徑正處關鍵節點。

The U.S. cryptocurrency market structure CLARITY Act negotiations are nearing completion, with updated text submitted to the White House, and the Senate discussing bridging final gaps. Compromises on stablecoin yield are imminent, with some concessions to community banks still under discussion. Meanwhile, the SEC has released crypto asset classification definitions, emphasizing the need for Congress to rewrite legislation.

Cryptocurrency security researcher al_f4lc0n has accused blockchain project Injective of slow communication in handling a critical security vulnerability and disputed the bounty amount. The vulnerability stemmed from a defect in the sub-account verification mechanism, threatening over $500 million in assets. al_f4lc0n failed to receive the deserved bounty, raising questions about Injective's security governance.

March 16th, Polymarket data shows an investor betting on a US-Iran ceasefire before July with an 88% win rate. Trump and US officials have expressed skepticism toward negotiations, while Iran's Foreign Minister insists they are not seeking a ceasefire. Oman and Egypt are attempting to restart communications, but the White House has not yet commented.

White hat hacker f4lc0n discovered a critical vulnerability in the Injective protocol that could have led to $500 million in assets being extracted. Although after the fix, the hacker only received a $50,000 bounty, which is below the maximum standard of $500,000. f4lc0n has disputed this and plans to continue exposing the matter.

The White House has requested that ABC News retract its report about a potential Iranian attack on California, claiming it exaggerated the threat and relied on unverified information. While the California government has prepared contingency measures, it has not identified any urgent threat. Meanwhile, Iranian drones are becoming increasingly important in Middle Eastern conflicts, with cryptocurrency also playing a role in related supply chains. This incident demonstrates the critical importance of drones and digital currency in modern warfare.

Senate Majority Leader John Thune stated that digital asset market structure legislation is not expected to advance before April, as the Senate will prioritize the Rescue America Act. This timeline differs from expectations held by Ohio senators. While the Agriculture Committee has advanced the bill, the Banking Committee's procedures have been delayed, and the White House has not reached any agreement.

ARK Invest and Unchained Released White Paper Analyzing Progressive Quantum Computing Threats to Bitcoin, Proposing Five-Stage Framework. The report emphasizes that despite technological advancement, the current Bitcoin network is not yet under threat, and the community should proactively deploy post-quantum security measures to address potential future risks.