Odaily Planet Daily reports that Kevin Warsh's plan to shrink the Federal Reserve's balance sheet will proceed slowly. As Trump's nominee for Fed chair, Warsh is facing resistance in his plan to shrink one of the Fed's most influential tools. Warsh has repeatedly stated that the Fed's nearly $7 trillion balance sheet reflects its overstepping of congressional authority and has pointed out that the massive bond purchases under previous quantitative easing programs have distorted financial markets. However, sources familiar with the matter revealed that Warsh will only begin adjusting the Fed's balance sheet after extensive consultations with banks and the wider public regarding the potential impact. These sources also stated that he is unlikely to push the balance sheet back to pre-2008 financial crisis levels and will call for internal research and academic conferences to discuss the issue before taking action. Warsh also believes that the 2008 crisis showed that over-reliance on the interbank market poses a risk to financial stability and has publicly advocated for a "third model" of balance sheet management. Some regional Fed presidents are willing to consider a gradual shift to a new balance sheet management model. (Financial Times)

A recent report from cybersecurity firm Moonlock Lab reveals that hackers are using the "ClickFix" attack technique to impersonate venture capital firms and commit cryptocurrency scams. Scammers impersonate VC firms like SolidBit, contacting potential victims via LinkedIn and tricking them into clicking on fake meeting links to execute malicious code. Simultaneously, the Chrome extension "QuickLens" is hijacked to steal encrypted wallet data and seed phrases. The "ClickFix" technique is particularly dangerous because it induces users to execute malicious commands, bypassing conventional security measures. Security experts warn that such attacks have targeted multiple industries since 2024, affecting thousands of devices globally every day. (Cointelegraph)

According to a report by Columbia Threadneedle Investments, Anthony Willis, senior economist, stated that from a geopolitical perspective, the duration and scope of the Middle East conflict, and how far the US and Israel will go in pushing for regime change in Iran without deploying ground troops, remain unknown. He said, "Currently, it seems there is neither the will nor the resources to undertake actions beyond airstrikes." He pointed out that in the absence of credible opposition in Iran, if the US and Israel successfully overthrow the current regime, "we could see a situation similar to Iraq and Libya, descending into anarchy without a credible successor government." (Jin Shi)

According to official news from Odaily Planet Daily, OKX launched its Katana on-chain earning product based on the Morpho protocol at 10:00 AM (UTC+8) on March 3, 2026. Users can earn on-chain rewards by subscribing to the USDT on-chain earning product and participate in sharing a 65,000,000 Katana (KAT) airdrop. During the event, users only need to subscribe to at least 1 USDT to participate. The system will calculate the airdrop allocation weight based on the time-weighted holding size. Funds can be redeemed at any time, with a redemption period of 1 day. Early redemption will not affect the reward share already earned. How to participate: Open the OKX App—“Explore”—“On-Chain Earning”, select USDT, and set the reward source to Morpho (Katana) to complete the subscription.

According to Odaily Planet Daily, South Korean stocks plummeted, with SK Hynix and Samsung shares falling nearly 10%. The China-Korea Semiconductor ETF (513310) led the decline in the entire ETF market today, with a turnover of over 4.4 billion yuan and a maximum drop of 9.75%. The decline has now narrowed to 8.6%, and the premium rate has narrowed to around 15%.