- CEX Hot Coins
CEX Trading Volume Top 10 and 24H Price Changes:
BTC: - 4.72%
ETH: - 6.32%
KAITO: + 44.07%
IP: + 25.01%
SOL: - 5.55%
DOGE: - 3.85%
LTC: + 7.83%
XRP: - 5.46%
SUI: - 2.11%
TRUMP: - 0.03%
24H Price Increase Rankings (Data Source: OKX):
KAITO: + 44.07%
IP: + 25.01%
PUNT: + 16.61%
DUCK: + 14.55%
NC: + 13.09%
PRCL: + 12.53%
G: + 12.43%
BERA: + 11.94%
ANIME: + 10.16%
VINE: + 10.16%
- 24H Trending Coins
IP continues to rise against the trend;
PI, an established "community coin," rises against the trend;
Headlines
Bybit Releases Hacker Forensics Report: Funds Stolen Due to Safe Infrastructure Vulnerability
Bybit co-founder and CEO Ben Zhou released a hacker forensics report on the X platform, provided by Sygnia and Verichains, which disclosed that the funds were stolen due to a vulnerability in the Safe infrastructure. Additionally, malicious code was deployed at 15:29:25 UTC on February 19, specifically targeting Bybit's Ethereum multi-signature cold wallet.
Former President Trump announced that he is launching a program to provide residency and citizenship pathways for investors paying $5 million, offering a new route for legal immigration while he is cracking down on undocumented immigrants. Trump stated that the program, referred to as the "gold card," will launch in two weeks and added that he believes his administration does not need Congressional approval. The full scope and implementation of the program remain unclear.
BofA CEO: Federal Reserve Will Keep Rates Unchanged This Year and Next
Bank of America CEO Brian Moynihan stated on Tuesday that the bank expects the Federal Reserve to keep interest rates unchanged this year and next. He noted at a conference in Washington, "It will take years to squeeze out inflation, and the Fed's efforts to control inflation are likely to continue until 2026." The personal consumption expenditures (PCE) report due on Friday is expected to show the Fed's progress in combating inflation.
LIBRA and MELANIA's Team Suspected of Money Laundering Through Wash Trading
According to monitoring by Lookonchain, the internal teams of LIBRA and MELANIA are suspected of laundering money through "wash trading." The team spent 19,846 SOL (approximately $2.76 million) to purchase a meme coin (POPE) with a market cap of less than $150,000 and ultimately sold it for 175 SOL (approximately $24,000), incurring a loss of $2.73 million, which was effectively transferred to other wallets in a "legitimate" manner.
Industry News
The U.S. SEC, Tron Foundation, and Justin Sun submitted a joint motion on Wednesday requesting a federal judge to pause the lawsuit against Sun and his company Tron. This motion is similar to the SEC's request for a pause in the cases against Coinbase and Binance, with all parties indicating they are seeking potential resolutions. The SEC sued Tron, Sun, and BitTorrent in July 2023, accusing them of market manipulation, fraud, and issuing unregistered securities. The SEC claimed that Sun manipulated TRX token trading volume through wash trading, with Tron employees conducting over 600,000 wash trades. The case judge had previously denied the SEC's request for Tron to submit additional responses. (CoinDesk)
SEC Closes Investigation into Gemini, Decides Not to Take Enforcement Action
Gemini co-founder Cameron Winklevoss announced that the SEC has closed its investigation into the company and decided not to take enforcement action. This decision came after 699 days of investigation by the SEC. While this marks a significant victory for the crypto industry, Gemini stated that the SEC's actions resulted in tens of millions of dollars in legal fees and hundreds of millions in lost productivity and innovation.
Circle and Tether Diverge on U.S. Stablecoin Regulation Views
Circle and Tether have differing views on U.S. stablecoin regulation. Circle CEO Jeremy Allaire believes that "there should be no free pass," and stablecoins pegged to the dollar should be registered and operated in the U.S. Meanwhile, Tether CEO Paolo Ardoino claims that USDT is the most successful tool for dollar hegemony and distribution in emerging markets, asserting that the true intention of its "competitors" is to "kill Tether."
Oklahoma's Strategic Bitcoin Reserve Act (HB 1203) Passed by House Committee and Moves to Full Vote
Oklahoma's Strategic Bitcoin Reserve Act (HB 1203) has passed the House Committee and is moving to the full vote stage. The bill allows up to 10% of public funds to be invested in BTC or digital assets with a market cap exceeding $500 billion.
Project News
pump.fun Official X Account Hacked, Users Should Be Aware of Risks
The official X account of pump.fun has been hacked and has posted a scam token "PUMP," users should be aware of the risks.
Ethereum Foundation: Will Donate $1.25 Million for Legal Defense of Tornado Cash Developers
The Ethereum Foundation announced that it will donate $1.25 million for the legal defense of Tornado Cash developer Alexey Pertsev, stating that "privacy is normal, and writing code is not a crime."
BTS to Tokenize Copyright of Hit Single Through Story Ecosystem RWA Protocol Aria
The Story ecosystem IP RWA protocol Aria announced that it will acquire part of the copyright for the single "The Truth Untold," a collaboration between BTS and Steve Aoki, and tokenize it. This initiative will bring one of the world's most influential musical works into the on-chain RWA IP ownership space.
Ethena to Expand to MoveVM Ecosystem, ENA Staking Users to Receive 5% Echelon Airdrop
Ethena officially announced its expansion to the MoveVM ecosystem, initially collaborating with Aptos and the Movement ecosystem project Echelon. Starting today, sENA holders (ENA stakers) will begin to automatically accumulate Echelon reward points, with plans to share a 5% Echelon token airdrop in the future.
Jupiter founder Meow published a lengthy article outlining the future development plan and long-term strategy for the JUP token. Meow proposed a "GOAT framework" (Governance, Transparency, Organic, Collaborative) as the core and announced three key initiatives: First, an independent auditing firm will be commissioned to conduct a comprehensive audit of the founder, treasury, and tokens, with all results to be publicly disclosed on the new official website jup.com to enhance transparency. Second, a "Litterbox Trust Fund" will be established, committing to inject 50% of protocol revenue into the fund over the next two years for strategic accumulation of JUP. Finally, Meow proposed a 2030 incentive plan, voluntarily locking his personal holdings of 280 million JUP for new team incentives, and pledging not to claim any tokens before 2030, with the possibility of receiving 500 million JUP rewards entirely dependent on community voting results regarding his performance.
Meteora stated on X that the events of the past few weeks have been a severe test of the platform's resilience. Looking ahead, Meteora will continue to empower users, developers, and LPs. Meteora emphasized that LPs are at the core of the protocol, and to enhance the synergy between Meteora and LPs, it will increase additional communication/feedback channels, support more community-led initiatives, and ensure that the community has a voice in shaping the future of Meteora. Based on the existing LP incentive proposals, Meteora will continue to improve the current points system to fairly reward all LPs.
Investment and Financing
Crypto Wallet Phantom Acquires Token Data Platform SimpleHash
Crypto wallet Phantom announced the acquisition of token data platform SimpleHash, with the specific acquisition amount not disclosed. This marks Phantom's third acquisition in recent months, following Blowfish and Bitski. Phantom declined to comment on the exact number of employees at SimpleHash and how many will transition to Phantom. (TheBlock)
ZKP Tech Startup Ligero Completes $4 Million Seed Round Financing, Led by Galaxy Ventures and 1kx
ZKP tech startup Ligero has completed a $4 million seed round financing, co-led by Galaxy Ventures and 1kx, with participation from Franklin Templeton, Nascent, Anagram, Robot Ventures, Digital Currency Group, and ZKV. It is reported that the company began this round of financing in March 2024 and concluded in July 2024, with a valuation cap of $20 million, and there are currently no plans to launch a token. (TheBlock)
Crypto Gift Card Platform Raise Completes $63 Million Financing, Led by Haun Ventures
Crypto gift card platform Raise announced the completion of $63 million in financing, led by Haun Ventures, with participation from Paper Ventures, Selini Capital, GSR, and Raj Gokal, co-founder of blockchain Solana. The company declined to disclose the valuation of this financing. (Fortune)
People & Voices
Standard Chartered: Don't Rush to Buy the Dip, Bitcoin May Drop to $80,000
Bitcoin's price fell to around $86,000 on Tuesday, marking its lowest level since November last year, down over 20% from January's historical high. As market risk aversion increased, the anticipated surge in cryptocurrency due to Trump's presidency did not materialize. Data from JPMorgan shows that cryptocurrency ETFs saw an outflow of $544 million last week, indicating that market pessimism is spreading. Geoff Kendrick, head of digital asset research at Standard Chartered, warned: "Don't rush to buy the dip. Bitcoin may drop to $80,000. $90,000 is a key support level for Bitcoin, and falling below this level could lead to further declines for the world's largest cryptocurrency. Although Bitcoin has remained above $90,000 supported by optimistic sentiment regarding cryptocurrency under the Trump administration, the failure to fulfill presidential commitments and rising macroeconomic uncertainty have diminished the appeal of cryptocurrencies." (thecryptobasic)
According to on-site reports from Odaily, at the ongoing ETH DENVER summit, Donald Trump Jr., a member of the Trump family and co-founder of World Liberty Finance, shared significant insights on crypto regulation and the future of decentralized finance (DeFi). He pointed out that the biggest challenge facing the U.S. crypto industry is regulatory ambiguity, emphasizing the need for a clear regulatory framework to guide financial innovation and calling for financial democratization through technology. Trump Jr. criticized the current regulatory policies in the U.S. crypto industry as "almost predatory," arguing that excessive intervention and lack of transparency in enforcement have led to a mass exodus of businesses. He urged the U.S. government to form a regulatory team that truly understands the crypto industry and to establish "reasonable and predictable" rules, rather than being led by decision-makers who "do not understand technology." Additionally, Trump Jr. elaborated on the mission of World Liberty Finance, which aims to bring traditional assets like government bonds and real estate on-chain through blockchain technology, creating high liquidity and low-barrier financial services. The project has partnered with well-known protocols such as Chiliz, Tron, and Ondo Finance, aiming to bridge the gap between traditional finance and DeFi. Regarding the future of DeFi, Trump Jr. emphasized its "practical" breakthrough role, suggesting that newcomers participate by "starting small and continuously learning." The vision of World Liberty Finance is to achieve financial democratization, providing accessible financial tools for ordinary people and committing to transparency in all operations.
CZ: Safe's Response to Bybit Theft Incident is Vague, Many Questions Remain Unanswered
Binance co-founder CZ stated on the X platform that he usually does not criticize other industry participants, but the incident report released by Safe uses vague language to obscure the issues. After reading it, there are more questions than answers, including: "What does 'hacking the Safe {Wallet} developer's machine' mean? How did they hack this specific machine? Was it social engineering, a virus, etc.? How did the developer's machine access 'Bybit-operated accounts'? Was some code directly deployed from this developer machine to the production environment? How did they deceive the Ledger verification step among multiple signers? Was it blind signing? Or did the signers fail to verify correctly? Is $1.4 billion the largest address managed by Safe? Why didn't they target others? What can other 'self-custody, multi-signature' wallet providers and users learn from this?"
CryptoQuant Analyst: It's Too Early to Assert BTC Price Has Hit Bottom
CryptoQuant research director Julio Moreno stated on social media that it cannot be said that Bitcoin's price has hit bottom, as all valuation indicators have entered an adjustment range, a process that may take more time. For example, MVRV is below its 365-day moving average (each time it falls below, it requires time to adjust).
Greeks.live: If BTC Breaks Below $86,000 Support, It May Enter a "Vacuum Zone" Until $72,000-$77,000
Greeks.live macro researcher Adam released an English community briefing stating that group members generally hold a bearish outlook, as Bitcoin has plummeted from above $100,000 to a low of $80,000, with traders describing this as a "crisis spreading." Key observation price levels include the critical support level of $86,000; if this level is broken, many believe a "vacuum zone" will appear below until the $72,000-$77,000 range, with some members even expecting a further drop to $65,000. The market experienced a single-day drop of $6,000, accompanied by a large number of forced liquidations, leading to significant losses for most traders in the group, with some reporting losses in the five to six-figure range. Several traders believe this round of selling is controlled and may come from a "stealth" large seller who needs to complete their sell-off before any meaningful rebound occurs. Despite the bleak market, some members cautiously seek a potential range that may form between $85,000 and $90,000, viewing $89,000-$91,000 as levels that could provide some breathing room if reclaimed.
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