1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: +1.58%
ETH: +0.87%
KAITO (newly opened)
SOL: +3.33%
XRP: -1.27%
LTC: +0.11%
S: +23%
BERA: +21.46%
SUI: +7.79%
DOGE: -0.5%
24-hour price increase list (data source: OKX):
IP: +77.02%
J: +43.34%
S: +22.93%
BERA: +20.81%
SWEAT: +18.92%
TIA : +18.15%
MKR: +17.73%
MOVE: +13.69%
NEIRO: +12.17%
SONIC: +10.86%
2. 24-hour hot search currencies
IP, continues to soar;
PI, a long-established “community coin”, has been launched on exchanges such as OKX;
KAITO, airdropped, has been listed on Binance and other exchanges.
Headlines
SBF changes political stance to support Trump in first prison interview, suspected of seeking pardon
Odaily Planet Daily News: Sam Bankman-Fried (SBF), former CEO and co-founder of cryptocurrency exchange FTX, took a pro-Trump stance in his first interview since going to prison, in which SBF claimed that he was also a victim of the politicization of the Department of Justice and that he supported more Republican causes than people knew. According to an interview with SBF by a reporter from The New York Sun, SBF gave $40 million to the Democratic Party of the United States and $5.2 million to the Biden camp in 2020. He is currently serving a 25-year sentence at the Metropolitan Detention Center (MDC) in Brooklyn, New York, on multiple charges including fraud. U.S. civil groups previously reported that SBF was unlikely to receive a pardon, although he appeared to be seeking a pardon from the current U.S. President.
Strategy Announces Pricing of $2 Billion Convertible Senior Notes Offering
Odaily Planet Daily reported that Bitcoin Magazine disclosed on the X platform that Strategy (formerly MicroStrategy) announced the pricing of a $2 billion convertible senior notes offering to purchase more Bitcoin.
FOX reporter: The US SEC is very interested in staking
Odaily Planet Daily reported that Fox Business reporter Eleanor Terrett wrote on the X platform that according to a source who recently spoke with the US SEC, the agency is very interested in pledges and even asked the industry to provide a memo detailing different types of pledges and their benefits. The source expects that in the near future, the agency will issue some kind of guidance on pledges because it is a topic they are passionate about.
Industry News
US SEC voluntarily withdraws appeal of DeFi rulemaking
Odaily Planet Daily News: The U.S. SEC voluntarily withdrew its appeal on Wednesday against a ruling that prevented the agency from expanding the scope of existing securities laws to cover DeFi users and projects.
The SEC said it wants to voluntarily dismiss this appeal in a four-page motion filed with the U.S. Court of Appeals for the Fifth Circuit, a move that was not opposed.
Last November, a federal judge in Texas ruled that the SEC exceeded the regulator’s authority by expanding the legal definition of “dealer.” The judge argued that changes to the SEC’s dealer rule were unlawful because it lumped DeFi traders in with financial brokers.
Kristin Smith, CEO of the Blockchain Association, said in a statement that the SECs voluntary withdrawal of the appeal was a major victory for the digital asset industry. We first filed a lawsuit against the SEC to challenge the agencys illegal power grab, which attempted to unilaterally redefine the boundaries of its statutory authority. With the agencys new leadership leading to todays final dismissal, we look forward to a productive dialogue between the industry and the SEC. (Decrypt)
Odaily Planet Daily News Grayscale Spot XRP ETF (19 b-4 application) has been officially submitted to the Federal Register, which means that from now on, the SEC will begin its review and will need to decide whether to approve or reject the application by October 18. The 19 b-4 application is a formal document submitted by Grayscale to the SEC to apply for the launch of an XRP-based exchange-traded fund (ETF). The document has been officially published in the Federal Register, marking the official start of the review process. According to regulations, the SEC needs to make a decision by October 18. During this period, the SEC may communicate with Grayscale to request more information or clarify related issues.
Canary Litecoin Spot ETF has been listed on the DTCC official website with the code LTCC
According to the DTCC official website, the Canary Litecoin spot ETF has been listed on the DTCC official website with the code LTCC and the creation/redemption column showing D. Although this does not mean that the ETF has obtained any regulatory approval or any clear approval process results, it is listed on the DTCC website as a standard process for launching a new ETF.
Franklin Templeton Launches Bitcoin, Ethereum Index ETFs
Odaily Planet Daily News Franklin Templeton announced the launch of an exchange-traded fund (ETF) that holds both spot Bitcoin and Ethereum. Franklin Crypto Index ETF (EZPZ) is the second cryptocurrency index ETF to enter the U.S. market. Previously, asset management company Hashdex launched the Nasdaq Crypto Index US ETF (NCIQ) on February 14. The EZPZ fund holds a basket of assets referenced by the U.S. CF Institutional Digital Asset Index. As of February 20, the index only tracks Bitcoin and Ethereum. According to CF Benchmarks data, as of February 20, the asset composition of the market value-weighted index was approximately 87% BTC and 13% ETH. Franklin Templeton plans that EZPZ will hold more cryptocurrencies in the future, and as the index expands, it will eventually provide U.S. investors with a one-stop crypto portfolio.
Odaily Planet Daily News: A person familiar with the matter said that cryptocurrency options exchange Deribit is still in talks with Kraken about a potential acquisition, contrary to previous reports that the US exchange has abandoned a potential deal to acquire Deribit. Recent reports also confirmed that the crypto options platform is working with FT Partners to evaluate acquisition offers, but Deribit CEO Luuk Strijers ruled out the possibility of an acquisition. According to Bloomberg, the companys valuation could reach $4 billion to $5 billion or even higher.
Another source said Coinbase has also been trying to acquire Deribit. Strijers said in a previous report that Deribit is an attractive acquisition target because it is a market-leading exchange in the field of digital asset options trading, and Kraken wants to add it to its trading products. (Coindesk)
Kraken plans to return to the Indian market
Odaily Planet Daily News: US cryptocurrency exchange Kraken is preparing to re-enter the Indian market. To lead its local operations, the company has appointed Shiprocket co-founder Vishesh Khurana as an advisor. Kraken plans to approach Indian authorities soon to apply for the necessary licenses.
Kraken became one of several offshore cryptocurrency exchanges banned in India early last year after the Indian Finance Ministry sent it a query notice for non-compliance with the country’s anti-money laundering laws. (Economic Times)
Project News
Odaily Planet Daily News Kaito AI announced the economics of KAITO tokens, with a total supply of 1 billion, including:
25% - Core Contributors;
32.2% - Ecosystem and network growth;
2% - Binance holders;
10% - Initial community and ecosystem claims;
7.5% - long-term creator incentives;
5% - Liquidity incentive;
8.3% - Early Backers;
10% – Foundation.
Phantom announces support for Monad testnet
Odaily Planet Daily News: Phantom Wallet announced support for the Monad test network on the X platform. Users can access and exchange MON test coins and explore Monad applications.
Odaily Planet Daily News: Aptos research director Alexander Spiegelman wrote in X that he didnt understand why Monad spent so much time plagiarizing Aptos technology. All of this is open source, and there are already many peer-reviewed papers. Instead of hiding it, its better to plagiarize it directly.
In response, Monad co-founder James Hunsaker said: When you were still in diapers, I was already studying software transactional memory (STM) in the Haskell environment. BlockSTM is a simple extension of these things. I have never seen any Aptos code. In fact, if you hadnt published this nonsense, I wouldnt have thought of Aptos.
Cardex: Working with Abstract team to track stolen funds
Odaily Planet Daily News: Abstract previously disclosed that the ecological application Cardex suffered a security vulnerability attack. After completing the initial security audit, its team accidentally exposed the private key of the session signer on the front end of its website. In response, Cardex issued a statement on the X platform confirming that it had suffered an attack related to the leakage of session keys. It is currently working with the Abstract team to track the flow and recovery of the stolen funds, and will disclose details of the incident later.
On-chain trading platform Mintify will announce the MINT token economic model next week
Odaily Planet Daily News: On-chain trading platform Mintify published a statement on X stating that it will announce the MINT token economic model next week.
Last July, Mintify completed a new round of financing of US$3.4 million, with participation from ARCA, Cumberland, Psalion, Master Ventures, Zeneca, GM Capital, Spencer VC and more than 50 angel investors, for a total financing amount of US$5 million.
In January this year, Mintify announced its transformation into an on-chain trading platform.
Odaily Planet Daily News Nexus Yu X posted that Nexus Orchestrator is dealing with a large number of requests and DoS attacks. The team is doing its best to keep the network open. Please stay tuned for further progress.
Odaily Planet Daily News: The decentralized storage and data availability protocol Walrus announced on X that the mainnet will be launched in March and the native token WAL will be launched with a total supply of 5 billion. 10% will be allocated to Walrus User Drop, of which 4% will be used for the initial airdrop and 6% for future distribution.
PAIN: Harolds token share will be locked for 20 years, pre-sale airdrop has started
Odaily Planet Daily News Solana Chain Meme Coin PAIN posted on X that, as promised, 80% of the 185,976 SOL raised have been refunded, and all funds sent after block 318346069 (i.e. the end of PAINSALES) have also been refunded. Harolds token share will be locked for 20 years until it is unlocked in 2045.
Its token economic model shows that the total supply of PAIN is 10 million, of which 50% is allocated to Harold himself, 20% is used for pre-sale, 15% is used for liquidity, 10% is allocated to the community, and 5% is allocated to partners.
In addition, the pre-sale airdrop has been launched.
Investment and Financing
Stablecoin liquidity provider Mansa completes $10 million seed round of financing, led by Tether
Odaily Planet Daily News: Mansa, a stablecoin liquidity provider focusing on the African market, announced the completion of a $10 million seed round of financing. Mansas stablecoin-based solution focuses on providing payment providers in the market with a flexible and reliable way to manage liquidity issues in cross-border payments. This financing includes a $3 million Preseed round of financing led by Tether, co-led by Polymorphic Capital, and participated by other well-known investors such as Octerra Capital, Faculty Group and Trive Digital. In addition, the company has also obtained an additional $7 million in liquidity funds from institutions including corporate investors, quantitative funds and alternative investment institutions.
CoinList to launch Obol token sale, offering 30% discount over latest VC round
Odaily Planet Daily News: CoinList will start the Obol token sale at 1:00 am Beijing time on February 25, and it will be 30% cheaper than the last VC round of investment. For general users: FDV is 125 million US dollars, the token price is 0.25 US dollars, 33% will be unlocked 6 months after TGE, and then linearly unlocked in 12 months.
For wstETH or weETH holders: FDV is $115 million, token price is $0.23, 33% unlocked 6 months after TGE, and then linearly unlocked for 12 months. At the same time, users need to hold at least $20 worth of wstETH or weETH on CoinList between 1:00 on March 4, 2025 and 1:00 on March 11 to enjoy the lower price and FDV. The purchase limit for both options is a minimum of $100 and a maximum of $250,000. Users who are not selected for allocation will receive funds in their CoinList wallet before 1:00 on March 13, 2025.
Regulatory policies
Montana Commission Passes Bill Allowing the State to Invest in Bitcoin for its Reserves
Odaily Planet Daily reported that according to Bitcoin Magazine, the Montana State Committee passed a bill allowing the state to invest in Bitcoin as its reserves, and the bill now enters the House of Representatives.
Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) today announced the establishment of the Cyber and Emerging Technology Unit (CETU), which focuses on combating cyber-related misconduct and protecting retail investors from bad actors in the emerging technology field. Led by Laura DAllaird, CETU replaces the Crypto Assets and Cyber Unit and is composed of approximately 30 fraud experts and lawyers from multiple SEC offices.
Specifically, CETU will leverage its staff’s extensive fintech and cyber-related experience to combat misconduct related to securities trading in the following priority areas:
fraud committed using emerging technologies such as artificial intelligence and machine learning;
Using social media, the dark web or fake websites to commit fraud;
hacking to obtain material non-public information;
acquisition of retail brokerage accounts;
Fraud involving blockchain technology and crypto assets;
compliance with cybersecurity rules and regulations by regulated entities;
Fraudulent disclosures by public issuers related to cybersecurity.
Characters Voices
Odaily Planet Daily News Castle Island Ventures partner Nic Carter said that the era of Meme Coin as a fair trading opportunity is undoubtedly over.
Carter believes that meme coins (tokens with little use other than speculative trading) were initially attractive because they seemed to level the playing field for retail investors. However, with recent scandals such as the Libra coin, the market has been taken over by insiders, pre-launch trading, and bot-driven exchanges, putting everyday traders at a disadvantage.
“The entire premise of Meme Coins, that they offer a ‘fair launch’ where retail investors have the same opportunity as funds and VCs, has been exposed as a lie — the casino is not fair,” he wrote.
While Carter believes that the recent trading frenzy since the launch of TRUMP by US President Trump is over, he did point out that the industry will not disappear. On the contrary, there may still be some new token issuances and some winners, but the meta era is over.
As confidence in Meme Coin fades, Carter expects regulators to take action against insider trading in the industry. “Just because Meme Coin may not be a security, doesn’t mean there is no liability for insider trading,” he said, predicting that blockchain transaction history will lead to future enforcement actions.
Looking ahead, Carter believes the market will move toward more sustainable and fairer token issuance. (CoinDesk)
