Crypto Morning Post March 5th | Trump Confidential Meeting Coinbase| Kraken is directly connected to the Federal Reserve| Bitcoin Sword Pointing at 85000 TL; DR (too long to read): Federal Reserve and Macro Trends: Federal Reserve official Milan expressed support for continuing interest rate cuts in March, unaffected by the geopolitical conflict between the US and Iran. The three major US stock indices and safe haven assets such as gold and silver all closed higher. Kraken makes history: Kraken's financial department has been approved by the Federal Reserve's main account, becoming the first cryptocurrency institution to directly connect to Fedwire, marking a milestone in the integration of cryptocurrency and traditional finance. Dual support from institutions and politics: Trump privately meets with Coinbase CEO and calls for a cryptocurrency friendly agreement; Morgan Stanley Bitcoin Trust plans to introduce Coinbase and Bank of New York Mellon as custodians. Regulatory and restructuring actions: South Korea plans to implement a 20% shareholding limit for major shareholders of cryptocurrency exchanges, and top platforms are facing restructuring; Angle Protocol announces orderly shutdown, Aave core members retire. The main text is as follows: Crypto Breakfast | March 5th 1. The US stock market closed up 0.49%, the S&P 500 index rose 0.78%, and the Nasdaq rose 1.29%. 2. Spot gold ultimately closed up 1.03% at $5141.31 per ounce; Spot silver ultimately closed up 1.8% at $83.54 per ounce. 3. Iranian Bureau: ① US Defense Secretary: The US Iran conflict may last for 8 weeks or even longer, with the focus of strikes shifting inland. ② Iran denies rumors of secret peace talks and accuses The New York Times of engaging in "psychological warfare". ③ Iranian officials: Time is favorable for Iran in the war, and they are ready for a protracted war. ④ Iranian official: If the US and Israel seek regime change, we will target Israel's Dimona nuclear reactor and energy infrastructure in all regions. ⑤ British media: The US B-2 stealth bomber will land at a base in the UK within a few days. ⑥ Trump: Those who wanted to be leaders of Iran ultimately died. 4. Federal Reserve Milan: It is appropriate to continue cutting interest rates at the March meeting; At present, the outlook has not changed due to the outbreak of the Iran conflict. It is appropriate to cut interest rates by one percentage point this year. Hamak: We may keep interest rates unchanged for a considerable period of time. 5. Kraken's financial department has been approved by the Federal Reserve's main account (limited purpose, with an initial term of one year). This is the first cryptocurrency institution to directly connect to Fedwire and core payment systems without the need for intermediary banks. Improving the efficiency of institutional client fiat currency settlement marks a milestone in the deep integration of encryption and TradFi. 6. The South Korean government and ruling party have agreed to impose a maximum shareholding limit of 20% (with exceptions up to 34%) on major shareholders of domestic cryptocurrency exchanges, and provide a three-year rectification period. Intended to strengthen equity supervision and prevent excessive concentration. Top platforms such as Upbit and Bithumb need to adjust their equity structures, which may lead to restructuring pressure. Tether Investments leads the $50 million strategic round of Eight Sleep, a sleep technology company, with a valuation of $1.5 billion. We plan to integrate AI health monitoring with Tether data infrastructure. The Angle Protocol community unanimously passed the AIP-112 proposal to orderly shut down EURA and USDA stablecoins. Users can exchange EURC/USDC 1:1 through the Angle App before March 1, 2027. After that, the reserve will be airdropped by Merkl and the agreement will cease operation. Marc Zeller, founder of Aave Chan Initiative (ACI), announced his withdrawal and will complete the infrastructure transfer within 4 months (originally contracted until November). Previously, BGD Labs had suspended cooperation due to core disagreements over budget transparency and Aave Labs' voting rights. Morgan Stanley stated in its revised S-1 registration filing submitted on Wednesday that it intends to arrange Bitcoin custody services for its planned Morgan Stanley Bitcoin Trust, which will include Bank of New York Mellon and Coinbase Custody Trust Company. 11. US Treasury Secretary Besson: Anthropic will be out of the fiscal system in a few days. OpenAI's Codex launches Windows version. 13. NotebookLM continues to update, adding videos with a more cinematic quality. On Tuesday, Trump had a private meeting with the CEO of Coinbase, and subsequently issued a statement stating that banks "need to reach a good agreement with the cryptocurrency industry" to push for digital asset legislation that is currently blocked on Capitol Hill. 15. Backpack chooses Superstate to support the "tokenization issuance" of IPO roadshows and opens a waiting list. 16. Circle has issued approximately 2 billion USDCs in the past two days, bringing institutional level funds back in? Bitcoin market analysis: Bitcoin has finally experienced a decent rebound. In recent days, we have been telling everyone that it will enter a rebound mode because all negative factors have been digested, and the market has a strong desire for a rebound, with institutions having a strong demand for purchases. At the 4-hour level, the resistance level near 72500 has successfully broken through and reached a maximum of 74000. Currently, it has become support again near 72500, and after a brief adjustment, it will continue to rebound. The real resistance above is around 85000. Nowadays, encryption is not as secure as before. Try to stay away from junk imitations, and buying high-quality coins will definitely make money. [Risk Reminder] Digital assets have significant fluctuations and extremely high risks. Please participate with caution, avoid full positions, and refuse loan leverage;