Monad announces that the testnet will launch this month.
Author: Deep Tide TechFlow
Yesterday's Market Dynamics
FTX's first creditor payments will begin on February 18
Creditors of the FTX digital asset exchange in the Bahamas have received official payment confirmation emails. The first payments will start on February 18, 2025, at 10 AM Eastern Time, with claimants whose debt amounts are below $50,000 receiving an annualized interest compensation of 9% calculated from November 11, 2022.
Creditors must receive payment funds through the BitGo platform and verify their Enterprise ID information to ensure the safe arrival of funds. Payments will first appear as pending transactions 10 days before the payment date, and once the funds arrive, they will initially show as "confirmed" status, but will require additional hours to complete processing before they can be withdrawn.
The liquidator emphasizes that this will be the first and final payment for creditors, and all related debts will be canceled upon completion of the payment. Creditors are also reminded to be wary of scams and not to provide sensitive information in emails; all payment details will only be processed through the official FTX Digital Claim Portal.
MicroStrategy sells newly issued preferred stock at a 20% discount, raising $563 million
According to Bloomberg, MicroStrategy successfully issued preferred stock units last week at a price of $80, which is 20% lower than its marketing price, resulting in an actual yield of 10%.
The total amount raised reached $563 million, more than double the initial target. The preferred stock will pay dividends quarterly, with a conversion price set at $1,000, approximately 200% of the current closing price. The company stated that this is part of its plan to raise up to $2 billion in funding this quarter.
Currently, MicroStrategy holds approximately $47 billion in Bitcoin, accounting for over 2% of the total Bitcoin supply.
Berachain tokens will have their TGE on February 6, with token economics and Checker tool released on February 5
Berachain announced that it will simultaneously launch its mainnet and token generation event (TGE) on February 6, and plans to release details of the token economics and the Checker tool on February 5.
Monad announces testnet will launch this month
Ethereum-compatible Layer 1 public chain Monad stated on social media that the testnet will launch in February 2025.
Justin Sun: Li Lin concealed a $30 million deficit in the sale of Huobi, and after being exposed, he did not repay a cent
Justin Sun posted on the X social platform, stating, "Those familiar with the situation know that Li Lin concealed due diligence materials at the time, creating a $30 million hole internally, which I eventually discovered. After being exposed, he played tricks and did not repay a cent; I lent the company the money to fill it."
Movement announces the launch of the one-year Cornucopia program aimed at enhancing ecological liquidity
The Movement ecosystem announced the launch of the one-year Cornucopia program, aimed at significantly enhancing Movement DeFi liquidity. The first phase began last week, and most vaults (supporting BTC, ETH, and stablecoin assets) are now officially open, with the MOVE vault set to launch soon. After users deposit assets, they will be returned through the upcoming Movement Public Mainnet Beta after an 8-week lock-up period.
Sol Strategies increases its holdings of 40,300 SOL at an average price of $246.53, total holdings reach nearly 190,000 SOL
Canadian cryptocurrency holding company Sol Strategies announced that it increased its holdings by 40,300 SOL between January 19 and January 31, with a transaction amount of approximately $9.93 million and an average purchase price of $246.53 (including fees).
As of January 31, Sol Strategies and its subsidiaries hold a total of 189,968 SOL, with an average purchase price of about $179, totaling nearly $40 million in value.
Federal Reserve's Jefferson: No rush to cut interest rates, strong economy requires cautious response
Federal Reserve Governor Jefferson stated that there is no need to rush further interest rate cuts, as the strong economic conditions make a cautious response appropriate.
He expects the decline in inflation to continue, but this process may be relatively slow. Jefferson noted that interest rates may decrease in the medium term, but the Federal Reserve currently faces uncertainty regarding government policies. He also anticipates that economic growth and labor market conditions will remain robust.
Grayscale officially submits LTC ETF 19b-4 application
Early this morning, Grayscale officially submitted its Litecoin (LTC) ETF 19b-4 application.
Market Dynamics
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Why is this cycle so difficult, and what should I do?
The current cycle is more challenging than ever, with increased competition and more failures.
Investors holding BTC or SOL during the bear market have performed relatively better, while high-risk speculation may lead to profit reversals.
PTSD and the market's general perception of "scams" have affected sentiment and behavior in the altcoin market.
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