Bybit attackers are open to North Korea's Putin's cooperation with Musk

Headlines

▌ Arkham: ZachXBT submits evidence to confirm that Bybit attacker is North Korea 's Lazarus Group

Arkham posted on X platform, saying, "ZachXBT won a bounty, and ZachXBT submitted conclusive evidence of the Bybit attack, proving that North Korea's Lazarus Group planned the attack, accompanied by test transaction analysis, related wallet connections and evidence for the forensics chart. The report has Submitted to the Bybit team to assist in the investigation. ” Previous news, Arkham created and funded a bounty to help identify individuals or organizations behind the Bybit hack. Submissions for this bounty will be shared with the Bybit team to support their investigation.

▌Putin is open to cooperation with Musk

Russian President Putin proposed Gazprom's partnership with American entrepreneur Elon Musk, TASS reported on Friday. At the Future Technology Forum in Moscow, Putin told the bank's vice chairman Dmitry Sauers, "Link with Musk. When he completes reforms to the U.S. administration, his focus will turn to business and Technology, you have to cooperate with him.”

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Quotes

As of press time, according to Coingecko data:

BTC's recent transaction price is US$96,332.19, up and down -1.6% intraday;

ETH's latest transaction price is US$2,684.05, with an intraday increase and decrease of -1.9% ;

BNB's recent transaction price is US$649.97, with an intraday increase and decline of -0.4% ;

SOL's recent transaction price is US$171.79, with an intraday increase and decrease of -1.2% ;

DOGE's recent transaction price is US$0.2421, with an intraday increase and decrease of -0.3% ;

XPR's recent transaction price is US$2.59, with an intraday increase and decrease of -2.7 % .

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policy

▌Trump terminates ownership equality policy within the U.S. federal government

The reporter learned that US President Assistant Stephen Miller said that President Trump terminated all diversity, equity and inclusion (DEI) policies within the federal government and fired all federal staff involved in the issuance of these policies. The death penalty was also restored.

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Blockchain application

▌ BNB Chain announces that it will perform Pascal hard fork

According to BNB Chain's official blog, BNB Smart Chain will undergo a Pascal hard fork upgrade, which is scheduled to be implemented on the test network on February 25, 2025, and the main network upgrade is scheduled to be in mid- March 2025. This upgrade will enhance compatibility with Ethereum, mainly including two core functions: native smart contract wallet support and secure encryption upgrade. Through the integration of EIP-7702, functions such as multi-signature support, expenditure restrictions and batch transactions will be realized; BEP-439 (EIP-2537) will be introduced to support BLS12-381 curve encryption operation.

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Cryptocurrency

▌Hong Kong regulators may launch cryptocurrency ETF staking services

Hong Kong regulators may launch pledge services for crypto-traded funds and other advanced products (such as derivatives trading). Haiyang Ru, Chief Risk Officer of HashKey Group, said that we are actively discussing with the Hong Kong Securities Regulatory Commission about the introduction of ETF staking and tokenized money market funds and the launch of earning features in parallel with spot trading.

▌The US Marshals cannot confirm how much Bitcoin is held, or affect the US crypto reserve plan

According to people familiar with the matter, the U.S. Marshals (USMS) cannot confirm the amount of Bitcoin it currently holds, and even finds it difficult to give a rough estimate. This management vulnerability could affect the U.S. government’s crypto reserve program proposed by White House crypto chief David Sacks, which could change the way the government handles seizure of crypto assets, and may even involve buying cryptocurrencies. Currently, USMS still relies on Excel records and manual operations, with limited management efficiency, and external experts warn the agency that may lose billions of dollars in operational errors at any time. USMS began to seek private enterprise cooperation as early as 2018, but the tendering process delayed for many years. After awarding BitGo and Anchorage Digital related contracts in 2021, they were all invalidated because the company size did not meet the 'small enterprise' standards. In 2024, USMS readjusted its strategy to grant two new contracts to manage different categories of crypto assets.

▌ LIBRA collapse highlights the importance of education in the field of encryption

On February 21, Ethereum co-founder Vitalik believes that the collapse of SolanaMeme coin LIBRA is a lesson worth learning from, and he regards it as an example of why education is so important. Vitalik said in a tweet that recent news should not be seen as a reason to give up, highlighting the importance of education in the crypto space. He praised Argentina’s outstanding community of builders who have contributed some of the most important software to the Ethereum ecosystem”, adding that I continue to be very optimistic about the contribution and role of Argentina and Latin America in this area. In a follow-up tweet, Vitalik suggested that Argentina could host a week-long Ethereum Devconnect party, calling it a great opportunity to showcase the best content cryptocurrencies can offer.

▌Modeling and publishing tools for US strategic Bitcoin reserve offsetting Treasury debt

Matthew Sigel, head of digital assets research at VanEck Research, posted on the X platform that the U.S. strategic bitcoin reserves may help offset national debt, and the agency has modeled it and published a tool on its website. In response, Cynthia Lummis, chairman of the U.S. Senate Bank Digital Assets Subcommittee, said that the tools are cool and worth promoting, and Bitcoin solves the problem of reducing Treasury bonds.

▌U.S . Senator urges SEC to reconsider crypto ETF pledge

Senators from both parties in the United States wrote a letter to SEC acting chairman Mark Uyeda, urging a re-evaluation of the stake in crypto ETFs, believing that it plays an important role in blockchain security and investor interests. The letter was led by Republican Senator Cynthia Lummis and supported by Democratic Senators Kirsten Gillibrand and Ron Wyden.

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Important economic trends

▌U.S. stocks continue to fall, with all three major indexes falling by more than 1%.

US stocks continued to fall, with all three major indexes falling by more than 1%. So far, the Nasdaq has fallen 1.35%, the Dow Jones Industrial Average has fallen 1.28%, and the S&P 500 has fallen 1.06%. Tesla fell more than 4%, while Google and Amazon fell more than 2%.

▌The three major U.S. stock indexes closed down collectively

The three major U.S. stock indexes closed down collectively, with the Nasdaq falling 2.2%, down 2.51% this week, the largest single-week decline since November last year; the S&P 500 fell 1.71%, down 1.66% this week, hitting mid- January The largest single-week decline since late October; the Dow Jones Industrial Average fell 1.69%, and the cumulative decline this week was 2.51%, the largest single-week decline since late October last year. Large technology stocks fell generally, with Tesla, Nvidia, and Intel falling more than 4%, Netflix, Google, and Amazon falling more than 2%, Microsoft and Meta falling more than 1%, and Apple falling slightly. Block Inc. (XYZ) fell more than 17%, the worst single-day performance since March 2020.

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Golden Encyclopedia

▌What is fractal Bitcoin

Fractal Bitcoin is an innovative blockchain expansion solution based on recursive virtualization technology that enhances Bitcoin’s scalability by creating multi-layer network structures while maintaining a secure connection to the main network. The creative background of fractal Bitcoin originated from the emergence of the Ordinals protocol and related applications in 2023. For security reasons, Bitcoin imposed restrictions on opcode and block storage space in its iteration. When the Bitcoin chain ecosystem was developing rapidly, there were limitations in on-chain computing power and block space, so the developers proposed that The concept of fractal Bitcoin is expected to solve the shortcomings of the Bitcoin network.

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.