AICoin Daily Report (February 23)

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14 hours ago

1. Trump and Musk Plan to Inspect Gold Reserves

2. mETH Recovers $43 Million from Bybit Hacker

The ETH liquid staking and re-staking protocol mETH Protocol announced that it has recovered 15,000 cmETH tokens, worth approximately $44 million, from the hacker organization responsible for the $1.4 billion attack on the centralized exchange ByBit. Tether CEO Paolo Ardoino also announced that $181,000 worth of USDT related to this attack has been frozen. The amount recovered has already surpassed the amount retrieved from previous Lazarus Group hacker attacks (such as the Ronin and Harmony bridge protocol attacks). -Original

3. Arkham Exchange to Offer Spot Trading in 17 U.S. States

Blockchain analytics company Arkham announced on Saturday that its exchange will begin supporting U.S. users in 17 states starting in early March. According to data from The Block, Arkham aims to break the current 85% market share held by Crypto.com and Coinbase in dollar-supported exchanges. -Original

4. SEC Ends Investigation into OpenSea

The U.S. Securities and Exchange Commission (SEC) is concluding its investigation into the large non-fungible token marketplace OpenSea, as the platform's founder and CEO Devin Finzer stated on social media. The regulatory agency issued a Wells notice to OpenSea in August 2024, indicating it planned to take enforcement action against the platform. The agency accused the platform of potentially operating as an unregistered securities trading market. This move by the SEC comes as the agency plans to vote on a deal negotiated with Coinbase to drop its lawsuit against the exchange, which is seen as a boon for the cryptocurrency industry and NFT creators. "This is a victory for all creators and builders in our space. Attempting to classify NFTs as securities would be a regression—a misinterpretation of the law that stifles innovation," Finzer posted. Chris Akhavan, Chief Business Officer of the NFT market Magic Eden, responded to Finzer's post, stating that this is a victory for the broader cryptocurrency space. Akhavan wrote, "While we are competitors in the same camp, we all firmly believe in NFTs and the impact they will bring." The announcement led to an increase in activity for the native token of the NFT market LooksRare. According to data from TheTie, shortly after the announcement, the number of active addresses for the token LOOKS surged, "increasing by about five times" compared to usual numbers. -Original

5. Buffett Increases Holdings in Short-Term U.S. Treasuries

Odaily Planet Daily reports that Buffett published his annual shareholder letter, mentioning that Berkshire's performance exceeded expectations in 2024, despite 53% of the 189 operating companies reporting a decline in earnings. Due to rising U.S. Treasury yields, we significantly increased our holdings in these highly liquid short-term securities, resulting in a predictable substantial increase in investment returns, which has been very beneficial for us. -Original

6. South Dakota to Review Bitcoin Investment Bill

7. Hefei Police Investigate Virtual Currency Trading Fraud Case

Ms. Cheng from Hefei and her boyfriend were preparing to sell their virtual currency USDT when an old friend, Sun, approached them wanting to buy coins, leading to an unexpected incident during the virtual currency transaction. It is reported that the USDT involved in this case reached over 277,000 coins. After the transaction was completed, Ms. Cheng was informed that over two million in cash was brought by Sun's two friends, and the virtual coins needed to be transferred to their accounts for the transaction to be considered complete. However, Ms. Cheng's virtual coins had already been transferred to Sun's account, and Sun claimed that his phone was infected with a virus, preventing the transfer to his two friends' accounts. The two then argued for Ms. Cheng to return the money, leading Sun to call the police, who arrived at the scene. Ms. Cheng believes this was a trap set up by the three individuals. Both parties have their own claims, and Ms. Cheng is unwilling to mediate with them. According to the latest information from the Hefei Public Security Bureau's New Station Branch, the police have filed a fraud case for investigation, and Ms. Cheng has received a case filing notice. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com).

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