The Florida Senate passed Senate Bill 314 on Thursday with a vote of 37-0, paving the way for a regulatory framework to be established for the issuance of payment stablecoins in the state. The bill, along with its accompanying House Bill 175, will be submitted to Governor Ron DeSantis for his signature within the next 30 days. The bill reportedly prohibits payment stablecoin issuers from paying any form of interest to holders, provided that "federal law prohibits such payments." The accompanying bill, CS/CS/SB 1440, also passed on the same day, expanding the protection of confidentiality for information from virtual currency companies, qualified payment stablecoin issuers, and other institutions to protect trade secrets and non-public information. (The Block)

Odaily Planet Daily reports that Kim Forrest, Chief Investment Officer of Bokeh Capital Partners, stated that the unexpectedly weak non-farm payroll data indicates the economy is in a period of volatility. We know that large-scale layoffs have already occurred. The difficulty in hiring during the COVID-19 pandemic has led companies to retain far more employees than actually needed, many of whom are unnecessary. The methods we use to measure the economy may not necessarily convey the truly important information. Higher layoff rates and lower labor force participation rates give the Federal Reserve a reason to cut interest rates. (Jinshi)

According to Odaily Planet Daily, based on monitoring by on-chain analyst Ai Yi, an investor who went long on crude oil before the US-Iran war profited $923,000 in just 11 days: February 24: Tensions between the US and Iran escalated; bought 40,000 CL at $66.41, worth $2,656,000; February 28: Large-scale military conflict between the US and Iran; Iran blockaded the Strait of Hormuz; held firm; March 2: Crude oil prices surged on the first trading day after the outbreak of war; held firm; March 7: Crude oil futures prices hit a new high for the year; took profit at $89.5.

Odaily Planet Daily reports that Hyperscale Data, a NYSE American company listed on the New York Stock Exchange, announced that its Bitcoin treasury holdings have increased to 610.9188 Bitcoins, with a total market value of approximately $40 million. This includes 564.7252 Bitcoins held by its wholly-owned subsidiary Sentinum (comprising approximately 440.2341 Bitcoins acquired on the open market and approximately 124.4912 Bitcoins obtained from its Bitcoin mining operations, and approximately 46.1935 BTC acquired from the open market by another subsidiary, ACG). Hyperscale Data aims to reach a Bitcoin value of $100 million on its balance sheet. (PRNewswire)

MyToken data monitoring shows that on 【March 7th, 11:17】 (Beijing Time), an address starting with 【0x3b98】 transferred 【116445943 USDT】 to an address starting with 【0xdac1】, with a total value of approximately 【116.07 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/