Daily | Binance Launchpool launches RedStone (RED); SBF releases its first tweet after two years

Compiled by: Jerry, ChainCatcher

Important information:

• Binance Launchpool launches RedStone (RED)
• SBF tweets for the first time after two years
• Upbit will be launched on COW
• Citadel Securities, the largest market maker on the NYSE, wants to make markets for Bitcoin and cryptocurrencies
• Coinbase Add REZ (Renzo) to the Coin Roadmap
• SEC accepts Cardano spot ETF applications submitted by Grayscale
• Binance launches new function of daily limit mechanism for pre-market trading market
• Bybit hackers have cleaned 100,000 ETH, accounting for 20% of the stolen ETH

“What important events have happened in the past 24 hours”

Binance Launchpool launches RedStone (RED)

Binance Launchpool is now available in the 64th phase project RedStone (RED), a multi-chain oracle that spans EVM and non-EVM chains.

Users can invest BNB, FDUSD and USDC into the RED reward pool after 08:00 on February 26, 2025 (East Eighth Time), with the activity duration of 2 days.

RedStone (RED) Pre-spot trading will be open at 18:00 on February 28, 2025 (East Eighth Time).

SBF tweets for the first time after two years

Former FTX CEO Sam Bankman-Fried (SBF) tweeted for the first time after two years of silence. In this set of tweets, SBF mainly discusses issues in company layoffs and management:

1. I have a lot of empathy towards government employees: I haven't checked my emails for several (hundreds of days). And I can confirm that unemployment is not as easy as it seems.

2. Fired employees is one of the hardest things to do in the world. This is awful for all involved. My experience is:
   a) Employees are usually not their fault
   b) But firing them is usually the right decision

3. More often, the problem is that the company just doesn’t have a job that suits them.

4. I will say to everyone who is fired: It is also our fault because we do not provide them with the right position, or the right manager, or the right working environment.

5. Maybe no one of us had time to manage them at that time. Maybe they are more suitable for remote work, but our company uses face-to-face communication. Maybe they wanted to do a specific project, but that wasn't what the company needed at the time.

6. Or maybe there are problems in their department itself.

7. This happens from time to time. We saw competitors hire 30,000 more people and then didn’t know what to let them do – and the whole team ended up doing nothing all day.

8. This has also happened within us, when a manager becomes busy or distracted, half of the department will lose direction at the same time.

9. When this happens, it is not the employee’s fault. It's not their fault if employers don't know how to arrange them, or if no one can manage them effectively. It is not their fault if internal politics causes their departments to deviate from the direction.

10. But it doesn't make sense to keep them there doing nothing.

Upbit will be launched on COW

Upbit will launch COW in the Korean won, BTC and USDT markets, and trading is expected to start at 20:30 on February 25 (Korean time).

Citadel Securities, the largest market maker on the NYSE, wants to make markets for Bitcoin and cryptocurrencies

According to market news, Citadel Securities, the largest market maker on the NYSE, hopes to become a liquidity provider for Bitcoin and cryptocurrencies, betting on President Trump’s support for the industry.

Coinbase Add REZ (Renzo) to the Coin Roadmap

According to a Coinbase Assets announcement, Coinbase has added Renzo (REZ) to its currency listing roadmap.

SEC accepts Cardano spot ETF applications submitted by Grayscale

The SEC accepts Cardano (ADA) spot ETF applications filed by Arca on behalf of Grayscale on the New York Stock Exchange. Previously, the SEC had accepted a large number of cryptocurrency ETFs, including Cboe's XRP ETF, Grayscale's spot XRP and DOGE ETF.

Binance launches new function of daily limit mechanism for pre-market trading market

According to the official announcement, Binance has launched a new function of Binance 's daily limit mechanism for the pre-market trading market. The daily limit mechanism will limit the highest trading price in the first 72 hours of the pre-market market, and the token price increase shall not exceed a certain percentage of the initial opening price.

After 72 hours of the market opening before the market, there will be no price restrictions and trading will return to normal.

Note: This daily limit mechanism is only tested when the RED token is issued. It is not yet certain whether this function will become a long-term feature of the future pre-market market.

Bybit hackers have cleaned 100,000 ETH, accounting for 20% of the stolen ETH

According to Spotonchain, Bybit hackers have cleaned 100,000 ETH (about 250 million US dollars), accounting for 20% of the 499,000 ETH stolen. Hackers are actively spreading funds to multiple addresses and using THOR Chain to exchange them across chains to BTC, DAI and other assets.

Bybit hackers still hold 399,000 ETH, exceeding Ethereum founder Vitalik Buterin or the Ethereum Foundation.

“What are some great articles worth reading in the past 24 hours”

Ten Questions and Answers: How will financial giant Citadel Securities enter the crypto market making?

As a top player in the global financial market, how will Citadel Securities' entry change the landscape of the crypto market? What opportunities and challenges will it bring?

Bear? One article sorted out the 4 reasons for this market decline

Please stop selling, I need to support my family!

The dilemma of VC: liquidity change and trust mechanism reshaping

Whether in China or the United States, VC as an investment asset category, the best times have passed.

After 767 days, what does it mean to SBF tweet again?

Will SBF be released?

BRC20 Ecological recovery? Is it a new chapter or an illusion

Will pursuing absolute fairness backfire on stability?

Meme Popular List

According to the market data of Meme token tracking and analysis platform GMGN , as of February 25, 19:50:

The top five popular Ethereum tokens in the past 24h are: SPX, LINK , TVSP, UNI, PEPE

The top five popular tokens in the past 24h are: PE , YODA , BossBaby, DirtyJeeto , DOGEXL

The top five popular tokens in the past 24h Base are: VIRTUAL , KAITO, AIXBT , EURC, USD+