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A European Central Bank report warns that stablecoins may pose a significant risk to monetary policy.
PANews reported on March 4th, citing Bloomberg, that a working paper from the European Central Bank (ECB) warns that the widespread adoption of stablecoins poses significant risks to the monetary policy sovereignty of Eurozone banks and the ECB, particularly stablecoins pegged to foreign currencies such as the US dollar. The paper points out that the rapid expansion of stablecoins could trigger a reallocation of retail bank deposits to digital assets, constraining banks' credit intermediation capabilities and increasing the uncertainty of policy rate transmission to loan volume. If a mature stablecoin market is dominated by non-euro-denominated instruments, the risks will be further amplified. The governor of the Dutch central bank stated that stablecoins, due to their reserve management methods, could pose a risk to the core of the financial system. The governor of the German central bank had previously advocated for euro-denominated stablecoins for payments.
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Coinbase will not support the migration of RONIN to the new Ethereum L2; users will need to migrate their assets themselves.
PANews reported on March 4th that, according to an official announcement from Coinbase, Ronin (RONIN) will be migrating its network to the new Ethereum Layer 2 network. Coinbase will not be performing this asset migration on behalf of its clients. Users holding RONIN tokens must transfer them to a compatible self-custodied wallet before the project team completes the migration; otherwise, the tokens will be inaccessible after the migration. Coinbase will suspend RONIN trading starting at 2 PM ET on March 30th, and the order book has been switched to order book-only mode.
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PYUSD is being used to expand TCS Blockchain's on-chain trade finance services in the freight industry.
PANews reported on March 4th that, according to The Block, transportation trade finance provider TCS Blockchain announced the integration of PayPal USD (PYUSD) to provide same-day financing and on-chain settlement for freight invoices. Truck drivers can exchange invoices for TCS tokens, which can then be converted into the PYUSD stablecoin, thus avoiding the 30-180 day payment terms and over 30% revenue loss associated with traditional factoring companies. The company claims this solution can reduce costs by 90% and projects annual processing volume exceeding $1 billion by 2026.
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A suspected Gammafund address withdrew 9,000 ETH (approximately $17.86 million) from Binance five hours ago.
PANews reported on March 4th that, according to on-chain analyst Yu Jin, five hours ago, the address gammafund.eth withdrew 9,000 ETH (US$17.86 million) from Binance at a price of US$1,984. This address likely belongs to the investment fund @Gammafund.
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NEAR Innovations: AI Agents Will Become Major Users of Blockchain
PANews reported on March 4th, citing CoinDesk, that NEAR co-founder Illia Polosukhin stated that the future users of blockchain will be AI agents, with AI serving as the front-end interface and blockchain as the back-end infrastructure. He believes AI will abstract away complex technologies like wallets and browsers, allowing users to complete payments, asset management, and governance voting without directly interacting with the blockchain. He pointed out that the proliferation of blockchain explorers actually exposes a failure at the level of technological abstraction. Polosukhin criticized Meme Coin for damaging the industry's reputation and deterring serious AI researchers. He believes that future AI systems will perform tasks such as paying bills and allocating capital on behalf of users, requiring blockchain to provide a trusted execution environment, privacy protection, and programmable financial coordination capabilities.
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The Pudgy Penguins team deposited 450 million PENGU tokens, equivalent to approximately $3.12 million, into Binance.
PANews reported on March 4 that, according to Onchain Lens monitoring, the Pudgy Penguins team deposited 450 million PENGU (US$3.12 million) into Binance 7 hours ago.
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Binance will perform wallet maintenance on the Ethereum network (ETH).
PANews reported on March 4th that Binance will be performing wallet maintenance on the Ethereum network (ETH) at 14:00 (UTC+8) on March 4th, 2026. To support this maintenance, Binance will suspend deposit and withdrawal services on the Ethereum network (ETH) at 13:55 (UTC+8) on March 4th, 2026. The maintenance is expected to take 1 hour, and deposit and withdrawal services will automatically resume upon completion.
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The Financial Action Task Force (FATF) has warned that stablecoins are becoming a primary tool for illicit transactions and called for stronger regulation of their issuers.
PANews reported on March 4th, citing CoinDesk, that the Financial Action Task Force (FATF), the international body for setting anti-money laundering standards, released a report warning that stablecoins have become the most widely used virtual asset in illicit transactions, calling for stronger regulation of issuers. The report, citing Chainalysis data, indicates that stablecoins accounted for 84% of illicit virtual asset transactions in 2025, involving $154 billion. A TRM Labs report shows that illicit entities received $141 billion in stablecoins in 2025, a five-year high, with sanctions-related activities accounting for 86% of illicit crypto fund flows. Actors such as Iran and North Korea are using stablecoins like USDT for weapons of mass destruction proliferation financing and cross-border sanctioned payments. The FATF warns that peer-to-peer transfers through non-custodial wallets are a critical vulnerability, as these transactions can bypass anti-money laundering controls.
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The U.S. government transferred approximately $23,000 worth of Bitcoin from the "Villanueva" seized wallet.
PANews reported on March 4th that, according to The Block, on-chain data shows the US government transferred approximately 0.3346 bitcoins, worth about $23,000, from a wallet linked to "Miguel Villanueva." The three transfers were sent to three different addresses, and the wallet's balance was subsequently emptied. The US government currently holds approximately 328,000 bitcoins, worth over $22 billion. This transaction occurred at a time when the Treasury Secretary stated the government's approach was to stop selling seized bitcoins and instead add these confiscated assets to its digital asset reserve.
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TD Cowen: Banks may lose the battle over stablecoin yields, but the stalemate could jeopardize crypto legislation.
PANews reported on March 4th that, according to The Block, TD Cowen's analysis suggests that banks may ultimately lose the battle over stablecoin yields because opposing consumers receiving yields is politically unsustainable. However, if this dispute drags on too long, it could jeopardize the passage of the US crypto market structure bill, the CLARITY Act. Last week, the OCC released a proposal for the implementation of the GENIUS Act, including a statutory injunction prohibiting issuers from directly paying stablecoin yields and establishing a "repudiable presumption": if an issuer coordinates with an affiliate to have the latter pay yields to holders, such third-party yield arrangements may be illegal. TD Cowen believes that unless platforms are explicitly prohibited from paying yields, the OCC's approach will be unlikely to satisfy banks.
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1inch Network has upgraded its platform, reducing the median execution time of swap transactions to 14 seconds.
PANews reported on March 4th that, according to Cointelegraph, 1inch Network has upgraded its platform, improving user experience and speeding up swap transactions. This upgrade reduces the median execution time of swap transactions from 26 seconds to 14 seconds.
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Circle minted 1 billion USDC on Solana in the past 10 hours.
PANews reported on March 4th that, according to Onchain Lens monitoring, Circle minted an additional 1 billion USDC on Solana in the past 10 hours. Since 2026, Circle has cumulatively minted 23.75 billion USDC on Solana.
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Mizuho Bank analysts raised their target price for Circle, believing that soaring oil prices and a favorable interest rate outlook are beneficial for stablecoin trading.
PANews reported on March 4th that, according to The Block, Mizuho Bank analysts raised their target price for Circle from $90 to $100, while maintaining a "neutral" rating, due to geopolitical tensions pushing up oil prices and weakening expectations of interest rate cuts. Analysts believe that changes in interest rate expectations may have a greater impact on Circle's valuation multiples than on its short-term revenue boost. Circle's main revenue comes from interest income from its USDC reserve assets. Rising oil prices have exacerbated inflation concerns, and increased market expectations of no interest rate cuts in 2026 are conducive to locking in stable interest income. Despite the favorable macroeconomic environment, analysts warn that clearer regulations for stablecoins may intensify market competition, potentially compressing industry profit margins in the long run.
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The debate over stablecoin yields continues, with French Hill urging the Senate to adopt the House crypto bill.
PANews reported on March 4th that, according to The Block, amidst the ongoing controversy surrounding stablecoin yields, House Republican French Hill has suggested that the Senate directly adopt the CLARITY Act, a crypto market structure bill already passed by the House, to expedite the legislative process. This bill passed the House last year with bipartisan support but did not address the current Senate focus on stablecoin yields. Hill stated that if the Senate cannot reach a clear conclusion, he recommends adopting the House version, which has the support of 78 Democrats, as a solution. He also pointed out that the Treasury Department could intervene, and the OCC released a proposal last week seeking public comment on the implementation of the GENIUS Act.
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Iran claims complete control of the Strait of Hormuz; more than a dozen oil tankers hit by artillery fire.
PANews reported on March 4th, citing Iran's Fars News Agency, that Mohammad Akbarzadeh, deputy commander of the Iranian Islamic Revolutionary Guard Corps Navy, stated that the Strait of Hormuz is now completely under the control of the Iranian Navy, and more than ten oil tankers have been hit by artillery fire in the strait. Akbarzadeh said the Revolutionary Guard Navy had repeatedly warned that the Strait of Hormuz was in a state of war and that any vessel could be hit by artillery fire or drones. However, more than ten oil tankers ignored the warnings and have been hit and burned. Akbarzadeh emphasized that after Iran declared the Strait of Hormuz closed to navigation, oil tankers, merchant ships, and fishing vessels are no longer able to pass through the strait.
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