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CEX Trading Volume Top 10 and 24-hour Price Change:
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ETH: - 2.33%
SOL: - 5.46%
XRP: - 4.77%
BNB: - 3.69%
TRUMP: - 5.72%
SUI: - 5.75%
DOGE: - 3.18%
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PEPE: - 7.91%
24H Price Increase Ranking (Data Source: OKX):
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ACH: + 15.75%
DUCK: + 11.06%
MKR: + 9.07%
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GALFT: + 8.03%
IP: + 7.25%
NC: + 7.15%
AUCTION: + 6.6%
LTC: + 6.21%
- 24H Trending Coins
- Broccoli (CZ Donation Wallet Version): Influenced by CZ's public donation wallet address, the market value of its pet dog’s namesake Broccoli token once surpassed 40 million USD.
Headlines
Kraken completes first fund distribution for FTX estate, compensating over 46,000 creditors
Odaily Planet Daily reports that Kraken has completed the first fund distribution for the FTX estate, compensating over 46,000 creditors.
According to previous reports from Aggr News on the X platform, some users have reported receiving FTX compensation funds on the Kraken platform.
Libra token co-founder claims to have bribed Argentine President Milei's sister
Odaily Planet Daily reports that Libra token co-founder Hayden Davis claimed in a text message last December that he influenced presidential decisions by bribing Argentine President Javier Milei's sister, Karina Milei, stating, "I sent money to his sister, and she signed any documents I said, doing what I wanted." Karina Milei is a key figure in the Milei government, currently serving as the Secretary-General of the Argentine Presidency and is the sister of the current Argentine President Javier Milei. As of now, neither Karina Milei's office nor Hayden Davis has responded to requests for comments, and it remains unclear whether he actually paid any funds.
Odaily Planet Daily reports that Jupiter co-founder meow posted on X in response to the Libra incident: "Hello everyone, I am meow from Jupiter, and I am also a co-founder of Meteora.
First, I want to reiterate my confidence that no one in Jupiter or Meteora has committed insider trading or financial misconduct, nor has anyone improperly obtained any tokens.
Second, we are hiring an independent third party (the well-known law firm Fenwick & West) to conduct an investigation and release a report, which will be published independently.
Third, I support Ben and his statement. I believe he has not engaged in any financial misconduct while dealing with partners.
Meteora has been operating as an independent entity from Jupiter for over a year, and Ben has been running it without my involvement. He has done an excellent job in team building, creating the most innovative DEX in the past year, and fostering the most active LP community globally.
While I have 100% confidence in Ben's character, as the project leader, he has also shown a lack of judgment and concern for certain core aspects of the project in recent months (considering its current scale and reputation).
Unfortunately, this is unacceptable. Ben understands this and has chosen to resign. Looking ahead, we will seek a new leader for Meteora.
Kuangde Investment responds to former employee's remarks: The content is untrue
Odaily Planet Daily reports that a message about "a certain employee of the well-known quantitative private equity Kuangde Investment claiming that the company uses brain-machine weapons to persecute employees" has been circulating in the private equity circle. In response to these somewhat "abstract" allegations, Kuangde Investment stated on February 18: "The company has noticed inappropriate remarks about it on online platforms. After verification, the individual who made the remarks did indeed work at the company for a short period (joined in July 2022 and voluntarily left in early September of the same year, with a tenure of about one month). Currently, this individual has terminated their employment relationship with the company, and their remarks are personal behavior, containing false and misleading information." (China Securities Golden Bull)
Previously, a programmer named "hulezhi" sent 500 ETH to a black hole address for on-chain shouting, with content related to the Kuangde Investment company's boss using brain-machine weapons to persecute employees.
Industry News
FTX: Next round of repayment distribution expected to start on May 30, 2025
Odaily Planet Daily reports that FTX has announced that it has begun the first repayment distribution to holders of approved claims in the Convenience Classes of the FTX Chapter 11 reorganization plan. Customers are expected to receive funds within 1 to 3 business days. The expected registration date for the next round of distribution is April 11, 2025, applicable to holders of approved Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims, as defined in the reorganization plan. For Convenience Claims approved after the initial registration date but not yet received, the next registration date is also set for April 11, 2025. The next round of distribution is expected to start on May 30, 2025.
Strategy plans to issue $2 billion convertible senior notes to increase Bitcoin holdings
Odaily Planet Daily reports that Bitcoin financial company Strategy (formerly MicroStrategy) announced on Tuesday that it plans to issue $2 billion in convertible senior notes with a 0% interest rate. Strategy intends to use the proceeds from this issuance for general corporate purposes, including acquiring Bitcoin.
Unless repurchased, redeemed, or converted early, these notes will mature on March 1, 2030. Strategy will settle conversions in cash, Class A common stock, or a combination of both. Strategy also plans to grant initial purchasers the option to buy up to $300 million in additional notes within five business days after the issuance. (The Block)
Previously, Strategy (formerly MicroStrategy) submitted its 10-K annual report on February 18, showing a net loss of $1.79 billion due to impairment losses on digital assets for the fiscal year 2024, while also warning that if Bitcoin's market value declines significantly, it may not be able to return to profitability in future periods and may affect its ability to meet financial obligations, as its unrealized fair value gains on Bitcoin holdings may be subject to a 15% corporate minimum alternative tax (CAMT) under the Inflation Reduction Act.
Coinbase releases cbBTC reserve proof: total reserves 26,602.6 BTC, reserve ratio over 100%
Odaily Planet Daily reports that Coinbase has released the cbBTC Proof of Reserves, stating that as of February 19, the current total reserves are 26,602.6 BTC, with a total supply of 26,490.13 cbBTC, resulting in a reserve ratio exceeding 100%.
The supply situation across networks is as follows:
Ethereum: 16,133.911 CBBTC;
Base: 7,655.391 CBBTC;
Solana: 2,649.43 CBBTC;
Arbitrum: 51.395 CBBTC.
Odaily Planet Daily reports that Binance Customer Support responded to community users regarding the PI community voting controversy, stating: "According to relevant requirements, the announcement in Simplified Chinese for the 'Binance Community Vote' has indicated that users residing in countries or regions such as mainland China will not be counted in the valid voting results. At the end of the event, we will announce the final valid vote count after excluding ineligible votes or those from inapplicable regions, as well as votes that violate terms and conditions. The results of this vote are for reference only, and whether the project will be listed will be evaluated and decided based on the official listing review process and standards."
Odaily Planet Daily reports that Argentine President Milei stated on a television program regarding the Libra incident: "I acted in good faith, but suffered a setback. Did the country lose money? No. Did Argentinians lose money? At most, four or five. The vast majority of investors are Chinese and Americans.
I shared Libra in the same way I have shared hundreds of other things. My tweet was posted three minutes after the token was created because I am passionate about these matters and discovered it. These people are volatile traders who know what they are doing.
Hayden Davis proposed creating a structure to provide funding for entrepreneurs lacking financing options due to informality. When Libra went public, I helped spread the word.
The claim that 44,000 people were affected is incorrect; at most, only 5,000 were. The likelihood of Argentinians being involved is very low. These individuals are highly specialized in using this financial tool. Those involved are very aware of the risks—they are volatile traders. This is a private matter between individuals, and they participated voluntarily.
I did not promote it; I shared it. I did this because I am a stubborn technological optimist. Any initiative that improves financing for tech entrepreneurs interests me. I did not make any mistakes because I acted in good faith. But when I saw the political impact, I realized I needed to learn something. I need to understand that after becoming president, I must not continue to act like Javier Milei as I did before. Unfortunately, this situation tells me that I need to improve my filtering ability and not make myself so easily approachable."
Odaily Planet Daily reports that DefiTuna founder Moty announced yesterday via X that DefiTuna has refunded and severed all ties with Kelsier. Kelsier contributed $30,000 to the project on January 16, 2025. Subsequently, Moty revealed the following information in a series of posts:
- Kelsier was involved in a structured plan to extract huge funds from the meme coin issuance on M3M3;
- The leadership of Meteora (including Ben) facilitated a KOL network that profited massively at the expense of the community;
- Despite direct contact with Meteora's core contributors, they took almost no responsibility;
- Meteora co-founder Ben stated that he would resign after being questioned but issued a vague public response.
Moty stated: "I personally made extra efforts, risking losing myself and everything we built at DefiTuna, trying to get key figures to step up and name the wrongdoers, attempting to clear them out."
Chairman of the Korean Financial Services Commission: Upbit sanction review is nearing completion
Odaily Planet Daily reports that Kim Byung-hwan, chairman of the Korean Financial Services Commission (FSC), announced that a sanction decision against Upbit for violating customer verification obligations will be made soon. He stated: "Compared to other sanctions, I have expressed the intention to resolve this issue as quickly as possible, as some areas may affect the market, and we are proceeding accordingly." He added: "We have held several meetings to hear opinions from all parties." (Yonhap News)
Previously, in January, Upbit was sanctioned by Korean financial regulators for violating customer identification system (KYC) and other anti-money laundering obligations. The Financial Intelligence Unit (FIU) of the Korean Financial Commission notified Upbit in advance on the 9th of this month about sanctions primarily involving business suspension due to violations of the Specific Financial Transaction Information Act. If the sanction is finalized, Upbit will be restricted from new customer-related business during the suspension period (up to 6 months), but existing users can still trade on Upbit. Upbit can submit a statement regarding this sanction to the FIU by the 20th of this month. The FIU will hold a sanction review meeting on the 21st of this month after receiving Upbit's defense.
Musk officially releases AI model Grok 3
Odaily Planet Daily reports that Musk's artificial intelligence startup xAI has officially released the next-generation chatbot Grok 3. Previously, Musk referred to it as "the smartest AI on Earth."
DogeDesigner shared data showing that Grok 3 outperformed OpenAI's GPT-4o, Claude 3.5, Deepseek V3, and Gemini 2 Pro in multiple benchmark tests.
Musk announces the establishment of xAi game studio
Odaily Planet Daily reports that Musk has announced the establishment of an xAi game studio.
Earlier today, on February 17, overseas blogger Dima Zeniuk posted a photo of Musk with several people on the X platform, stating that xAI is about to open an AI game studio. Musk himself later confirmed the news, emphasizing, "This must be done well," and reiterated, "Make gaming great again!"
Odaily Planet Daily reports that on-chain analyst Ai Yi monitored that an address that spent $16.41 million in the past three months to build positions in PNUT, ai16z, and arc likely belongs to Galaxy Digital. Currently, the institution has accumulated losses of up to $8.493 million on these three memecoins, including:
PNUT: holding 21.46 million tokens, cost $0.3743, unrealized loss $4.935 million;
ai16z: holding 7.53 million tokens, cost $0.7446, unrealized loss $3.133 million;
arc: fully recharged into Gate yesterday, cost $0.2913, loss $425,000, it is uncertain whether it participated in market making.
Project News
Monad: Testnet will launch on February 19
Odaily Planet Daily reports that the parallel EVM network Monad announced on X that its testnet will launch on February 19, 2025.
Odaily Planet Daily reports that Hyperliquid officially announced that the HyperEVM mainnet is now live, bringing general programmability to Hyperliquid's high-performance financial system. The initial release of the HyperEVM mainnet includes: HyperEVM blocks built as part of L1 execution, inheriting all the security of HyperBFT consensus; spot transfers between native spot HYPE and HyperEVM HYPE; a standardized WHYPE system contract applicable to DeFi applications.
Odaily Planet Daily reports that according to the official announcement, Binance has released changes to the BurgerCities (BURGER) token economic model, and the total supply of BURGER will be increased, with an annual inflation rate of 6% to 12%.
Odaily Planet Daily reports that Abstract contributor cygaar posted on X in response to some Abstract users being attacked:
- The relevant issues are related to Cardex; if you have interacted with this application, please revoke the relevant session;
- This is not an AGW contract issue; the wallet function has no vulnerabilities; this specific issue is related to the application's negligence in session key management;
- If you have never interacted with Cardex, your funds are safe;
- The contracts have undergone multiple audits, and the session key module has been specifically reviewed, with relevant reports to be released soon.
Odaily Planet Daily reports that Reeve Collins, one of the co-founders of Tether, is launching an interest-bearing stablecoin. Similar to some new entrants in the stablecoin space like Ethena and M^0, Collins' Pi Protocol will provide holders with potential earnings derived from tokenized RWA. This differs from the initial batch of stablecoins (such as fiat-backed USDT and USDC) and algorithmically backed DAI (which only tracks the value of the dollar).
It is reported that the stablecoin protocol is expected to launch on the Ethereum and Solana blockchains in the second half of 2025, using smart contracts or computer programs that automatically execute trades between parties such as exchanges and market makers to mint its USP stablecoin. As a reward, minters will receive another USI token as earnings. The stablecoin will be backed by real-world assets that generate income, such as bonds. (Bloomberg)
DEXX: Compensation process has reached 30%, but some issues encountered
Odaily Planet Daily reports that DEXX posted on X stating that the compensation work is progressing steadily, and as of now, the compensation process has reached 30%. Some issues have been encountered during the compensation process, such as some users not receiving compensation in a timely manner due to not generating new secure wallets or not staking NFTs; there are also a large number of duplicate customer service tickets for feedback and checking for deficiencies, which has somewhat slowed down the compensation progress, but efforts are being made to resolve these issues and actively communicate and coordinate with users.
Bankless Ventures announces the launch of Fund II, targeting $50 million
Odaily Planet Daily reports that Bankless Ventures has announced the launch of its second fund (Fund II), targeting $50 million in fundraising and plans to add a new investment partner to seek outstanding founding teams and deals.
Additionally, Bankless Ventures Fund I has completed 90% of its capital deployment, with a scale of $40 million.
They believe that the frontier areas of the future crypto industry include AI agents, stablecoins, and ZK technology, and Bankless Ventures will deploy capital in these areas.
Crypto security company Blockaid completes $50 million Series B funding, led by Ribbit Capital
Odaily Planet Daily reports that crypto security platform Blockaid has announced the completion of a $50 million Series B funding round, led by Ribbit Capital, with participation from GV (formerly Google Ventures) and existing investors Variant and Cyberstarts. This funding will help Blockaid address the growing risk of cybercrime in the digital asset space. Blockaid plans to use the funds to expand operations and increase R&D investment, expecting to double its workforce this year. (Bloomberg)
Altius Labs completes $11 million Pre-Seed funding, led by Founders Fund and Pantera
Odaily Planet Daily reports that crypto startup Altius Labs has completed $11 million in Pre-Seed funding, led by Founders Fund and Pantera, with participation from Archetype, Reforge, DCG, No Limit Holdings, Amber Group, as well as Berachain, Movement, Ethena Labs, Ritual, dao5, Solana Foundation, and Hudson River Trading. Altius Labs was co-founded by Anit Chakraborty, a former software engineer at Hudson River Trading, and Annabelle Huang, a former managing partner at Amber Group, and is dedicated to developing a modular execution stack independent of virtual machines (VMs). (Bloomberg)
Curve founder launches new project Yield Basis and raises $5 million
Odaily Planet Daily reports that Curve Finance founder Michael Egorov has launched a new project called Yield Basis and raised $5 million at a $50 million token valuation. The project aims to help tokenized Bitcoin and Ethereum holders earn returns from market creation by mitigating impermanent loss. According to funding documents, the project is selling 10% of its total supply of "YB" tokens—1 billion tokens, or 100 million tokens—to investors, with a vesting plan that includes a 6-month lock-up period, followed by a 2-year linear unlock. (TheBlock)
Ethereum Layer 2 network OpenZK receives early investment from Animoca
Odaily Planet Daily reports that OpenZK has announced it has received early investment from Animoca, aimed at promoting the scalability and sustainable development of the Ethereum ecosystem. Additionally, the OpenZK mainnet and airdrop points activity will start this weekend.
It is reported that OpenZK is a next-generation Ethereum Layer 2 network that uses ZK architecture as the L2 main body, integrating ETH native staking, re-staking, and RWA stablecoin staking, aiming to provide users with an innovative solution for one-click staking and multiple yields. OpenZK is actively exploring a dual-token gas fee mechanism, with the potential to use both ETH and a native token as network gas fees in the future.
Boyaa Interactive announces further investment in MTT ESports for approximately 4.18 million USDT
Odaily Planet Daily reports that Hong Kong-listed company Boyaa Interactive has released a voluntary announcement disclosing that it has signed a subscription token warrant with MTT ESports Limited, investing 4,180,749 Tether (USDT) as consideration for further investment in MTT ESports (the second investment). After the second investment is completed, Boyaa Interactive will acquire 10% of the total issuance of MTT tokens ("MTT tokens"), which amounts to 210 million MTT tokens. The MTT tokens are expected to begin linear unlocking in January 2026, completing the unlock within approximately 48 months. After the second investment is completed, the total value of Boyaa Interactive's investment in MTT ESports will be approximately $10 million.
Regulatory Policies
Odaily Planet Daily reports that Utah's blockchain and digital innovation amendment has been submitted for Senate approval. If passed, this will allow the state to invest 10% of state funds in Bitcoin and other digital assets. Utah remains ahead in the state reserve bill competition, followed by Arizona and Oklahoma.
Odaily Planet Daily reports that former SEC official John Reed Stark believes that the SEC's lawsuit against Coinbase may be dropped, as the newly formed cryptocurrency working group is seeking to resolve previous enforcement actions against the exchange.
In a post on X on February 17, Stark explained why the SEC requested a 28-day extension to respond to Coinbase's petition for permission to appeal. He stated: "According to an unprecedented 3-page joint motion, the SEC's review of cryptocurrency-related issues is 'ongoing,' and the extension will give the SEC time for 'appropriate review' as it prepares to respond to Coinbase's petition. In other words, the SEC's lawsuit against Coinbase may already be over."
Stark estimates that the SEC's lawsuit against Binance will also have a similar outcome. He cited a joint motion submitted on February 11, where both parties believe that the SEC's special cryptocurrency working group "may influence and facilitate a potential resolution of this case."
The same goes for Ripple, which has been embroiled in a lawsuit with the SEC since 2020, "It is expected that all cryptocurrency-related appeals, including the appeal in the Ripple case, will be paused, and it is even more likely to be completely withdrawn."
People & Voices
Michael Saylor: Strategy did not purchase any Bitcoin last week, currently holding 478,740 BTC
Odaily Planet Daily reports that Michael Saylor posted on X stating that Strategy did not purchase any Bitcoin last week, nor did it sell any Class A common stock under its market capitalization stock issuance plan. As of February 17, 2025, it holds 478,740 BTC, with an average purchase price of approximately $65,033.
OpenSea CEO: Not allowing bullying, has seen some vicious attacks
Odaily Planet Daily reports that Devin Finzer, co-founder and CEO of OpenSea, posted on X stating that he has heard feedback on the current XP system and has suspended the direct use of XP for listings and bidding. OpenSea will continue to reward buyers and holders using OS2.
Regarding liquidity incentives, he wants to clarify: OpenSea operates in a competitive market, and liquidity is the foundation of any market, so adjustments/enhancements will be seriously considered, but some form of liquidity reward is very important for providing strong products in the market. Currently, he has seen some vicious attacks on X, and OpenSea is closely listening during the construction process but will not allow bullying.
Zhu Su: Long position in SOL at $170.5
Odaily Planet Daily reports that Zhu Su, co-founder of Three Arrows Capital, stated that he has taken a long position in SOL at the price of $170.5.
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