New Zealand's financial regulatory authority FMA confirms that the NZDD stablecoin pegged to the New Zealand dollar is not a financial product, marking a gradual clarification in digital asset regulation. The FMA states that NZDD does not generate income and does not meet the definition of debt securities. This decision provides a legal classification for stablecoins and promotes the expansion of fintech sandbox projects, which is expected to foster market development.

Exodus Movement releases FY2025 financial report, with revenue reaching $121.6 million, a new record high. The company holds over 610 Bitcoin and 1,840 Ethereum, and has fully repaid the $60 million debt financing obtained through Galaxy Digital.

Lido responded to the liquidation event on March 10 caused by the CAPO oracle price error, stating that there will be no bad debt and that affected users will be fully compensated. The Lido Earn product was unaffected, and user funds are safe.

Chaos Labs analysis indicates that the recent $27 million liquidation event of Aave was caused by a CAPO risk oracle configuration issue, leading to exchange rate calculation errors. Inconsistent smart contract parameters caused the liquidation to occur, but the protocol did not incur bad debt. The Aave treasury will cover the remaining losses, and it is expected that DAO compensation will not exceed 345 ETH.

BlackRock stated that despite fluctuations in the precious metals market, the bull market for gold and silver will continue. The main driving factors include increasing government debt, geopolitical uncertainties, and growing industrial demand. It is expected that gold and silver will help diversify risk in investment portfolios.

The Korean judicial system is reducing the debt burden of cryptocurrency investors through bankruptcy restructuring mechanisms, excluding some debts from liquidation, which may lead to cryptocurrency asset investment losses being considered as "ordinary property losses." This policy aims to address rising household debt levels but has also sparked controversy over moral hazard. The courts will strengthen review processes to prevent abuse and explore a balance between debt relief and risk control.

The Korean court will implement new guidelines in March to exclude debts arising from stocks and cryptocurrencies, reducing the debt burden from the total repayment amount in personal restructuring. This move aims to address the high levels of household debt, with the government promising to control debt growth.

Macro strategist Mark Connors stated that if the conflict between the US and Iran continues, increased fiscal spending and debt expansion could benefit Bitcoin. He pointed out that war financing will increase the supply of US dollars, weaken the currency's value, and drive Bitcoin higher. Since the conflict began, Bitcoin has risen approximately 3.6%.

Gate News Announcement: On March 9, Nasdaq-listed Bitcoin treasury company Empery Digital disclosed that last week it sold 102 Bitcoins at an average price of $71,636, reducing its total Bitcoin holdings to 3,562. In addition, the company has spent approximately $122 million to repurchase over 20.15 million common shares so far. Empery Digital stated that it will continue to sell Bitcoin as needed to fund future stock buybacks and may also repay some of its outstanding debt.

Gate News Report, March 8 — Data from RWA.xyz shows that excluding stablecoins, the total on-chain value of tokenized real-world assets (RWA) has surpassed $25 billion, nearly quadrupling from approximately $6.4 billion a year ago. Currently, six types of assets have on-chain scales exceeding $1 billion, including U.S. Treasuries, commodities, private credit, institutional alternative investment funds, corporate bonds, and non-U.S. government debt. The data also indicates that only 12% of RWA-backed stablecoin supply has entered DeFi protocols.