Wu's Daily Selected Crypto News - US Non-Farm Payrolls Decrease by 92,000 in February, Unemployment Rate Holds at 4.4%

1. U.S. Non-Farm Payrolls Decreased by 92,000 in February, Unemployment Rate Remains at 4.4%

The U.S. reported a decrease of 92,000 in non-farm payrolls in February 2026, following an increase of 126,000 in January; the unemployment rate remained steady at 4.4%. The decline in employment was mainly influenced by strikes in the healthcare sector, while employment in information technology and federal government continued to decrease.

2. Vitalik: Ethereum Should Maintain an Open and Bold Application Layer, Uphold L1 CROPS Core Attributes

Vitalik Buterin stated that the Ethereum community should keep an open and bold mindset at the application layer, while adhering to the core attributes of L1, including censorship resistance, open source, privacy, and security (CROPS). He believes AI may change application forms such as wallets, and the Ethereum ecosystem needs to rethink privacy architecture, DeFi models, and the role of L2. Developers are encouraged to redesign the application layer ecosystem with a “start from scratch” approach.

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3. FDIC, Federal Reserve, and OCC Clarify Tokenized Securities Capital Rules, State Regulatory Frameworks Are Technology-Neutral

FDIC, the Federal Reserve, and OCC jointly issued a FAQ document clarifying the regulatory treatment of tokenized securities under bank capital rules. The document states that, if certain conditions are met, tokenized securities should generally be subject to the same capital requirements as their non-tokenized counterparts. It emphasizes that current capital rules are technology-neutral, and the technology used for issuance and trading (including distributed ledgers) generally does not affect capital treatment. Banks holding tokenized securities must still follow prudent risk management and comply with applicable laws and regulations.

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4. Vancouver City Government Recommends Repealing “Bitcoin-Friendly City” Motion: Bitcoin Not Considered an Permissible Investment Asset

Vancouver city officials recommend the council revoke the motion titled “Protecting the city’s purchasing power through diversified financial reserves — becoming a Bitcoin-friendly city.” The staff report states that, under the Vancouver Charter, Bitcoin is not classified as an allowable municipal investment asset. Therefore, they suggest terminating related efforts and reallocating resources to other city initiatives. The motion was proposed by Mayor Ken Sim in November 2024, aiming to hedge inflation and volatility by allocating part of municipal funds to Bitcoin; it was approved by the council in December 2024, with staff asked to assess feasibility and report in Q1 2025.

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5. Russia Plans to Draft a Separate Stablecoin Law, Likely to Proceed After Cryptocurrency Trading Regulation Law Takes Effect

Russia’s Ministry of Finance is considering drafting a standalone stablecoin law, separate from the upcoming cryptocurrency trading regulation law. Alexey Yakovlev, head of the Financial Policy Department, stated that stablecoins have “great potential.” Currently, Russian law does not explicitly regulate stablecoins. The government plans to advance a stablecoin regulatory framework after the State Duma passes laws restricting citizens from trading crypto assets on unlicensed platforms, which is expected to take effect as early as July 1.

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6. Kazakhstan Central Bank Establishes Up to $350 Million Crypto Investment Portfolio

The Kazakhstan Central Bank has set up an investment portfolio of up to $350 million from its gold and foreign exchange reserves to allocate to crypto-related assets. Governor Timur Suleimenov said the investments might include stocks of tech companies related to crypto and digital financial assets, index funds, and similar instruments, rather than large-scale direct purchases of cryptocurrencies. The investment plan is expected to launch in April or May.

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