Odaily News The U.S. Securities and Exchange Commission on Thursday formally withdrew several proposed rules that would have imposed stricter regulation on DeFi and cryptocurrency custody. The proposals were made under former Chairman Gary Gensler, who led the agency's "enforcement regulation" approach. The scrapped proposals include proposed revisions to Rule 3b-16 of the Exchange Act, which was issued in April 2023. The proposal sought to expand the definition of an exchange, specifically to bring decentralized finance platforms under the regulation of national securities exchanges. The proposal has drawn criticism from various parties in the industry. (The Block)

Odaily News The Israeli military said that in recent months, the accumulated intelligence information provides evidence that the Iranian regime is approaching a point of no return. In recent years, Iran's nuclear program has accelerated significantly, bringing Tehran a major step towards obtaining nuclear weapons. (Jinshi)

Odaily News According to SoSoValue data, affected by the escalation of the situation in the Middle East, Israel's attack on Iran and other factors, the crypto market sectors fell across the board, with a general decline of about 3% to 13%. Among them, Ethereum (ETH) fell 10.07% in 24 hours, falling below $2,500, and Bitcoin (BTC) fell 4.42% to below $104,000. In terms of other sectors, the CeFi sector fell 3.63% in 24 hours, but LEO Token (LEO) was relatively strong, up 1.30%; the PayFi sector fell 6.77%, and Keeta (KTA), which had a large increase in the previous period, fell 22.55%; the Layer1 sector fell 7.88%, Cardano (ADA), Solana (SOL), and Sui (SUI) fell 10.93%, 11.40%, and 12.64% respectively; the GameFi sector fell 10.64%, but boosted by rumors that Tencent plans to acquire Nexon, the developer of "MapleStory" for US$15 billion, NEXPACE (NXPC) rose 8.20% against the trend; the Meme sector fell 11.71%, Pepe (PEPE) and Fartcoin (FARTCOIN) fell 14.55% and 18.62% respectively, the DeFi sector fell 11.73%, and the Layer2 sector fell 13.02%. At the same time, the crypto sector index, which reflects the historical market trends of the sector, shows that the ssiDeFi, ssiAI, and ssiLayer2 indices fell 13.47%, 13.40%, and 13.34%, respectively, in 24 hours.

Odaily News Iranian state television reported that Iran's Supreme Leader Ayatollah Ali Khamenei issued a statement after the Israeli attack saying Israel would be severely punished.

Odaily News According to the official website information, the probability of "Iran attacking Israel before Friday" on Polymarket is now reported to be 70%, and the total prize pool has reached previous news that Iran announced that it would make Israel and the United States pay a heavy price.

Odaily News According to on-chain analyst @ai_9684xtpa, before opening a BTC 40x short order at 3 a.m., he spent 4 million USDC to buy 1,461.63 ETH at an average price of $2,736.67, and has now suffered a floating loss of $392,000.