Daily | Binance will launch MyShell (SHELL) and enable HODLer Airdrops; SEC terminates investigation into Gemini Trust

Compiled by: Jerry, ChainCatcher

Important information:

• Binance will launch MyShell (SHELL) and enable HODLer Airdrops
• SEC terminates investigation into Gemini Trust and takes no enforcement action
• FBI confirms North Korean hacker group is responsible for theft of approximately $1.5 billion in Bybit's assets
• Upbit will block withdrawals from addresses related to Bybit hacking events at the request of the FBI
• Starknet announces 2025 decentralization roadmap: plan focus includes staking mechanisms, etc.
• Hasu's argument for Safe has caused controversy, Wintermute founder says his remarks distort facts

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

Binance will launch MyShell (SHELL) and enable HODLer Airdrops

According to the official announcement, Binance will launch MyShell (SHELL) at 13:00 (UTC) on February 27, 2025, and open SHELL/BTC, SHELL/USDT, SHELL/USDC, SHELL/BNB, SHELL/FDUSD and SHELL/TRY trading pairs. SHELL will carry a seed tag.

Users are required to deposit BNBs into SimpleEarn (flexible and/or locked) and/or on-chain earnings products between 00:00 (UTC) on February 14, 2025 and 23:59 (UTC) on February 18, 2025 to obtain SHELL airdrops. Airdrop information is expected to be released within 12 hours, and new tokens will be distributed to the user's spot account at least 1 hour before the transaction begins.

SEC terminates investigation into Gemini Trust and takes no enforcement action

SEC documents show that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Gemini Trust Company, LLC and decided not to take enforcement action. Gemini co-founder Cameron Winklevoss confirmed on social media that the investigation lasted 699 days and was notified by Wells 277 days ago.

Winklevoss criticized the SEC's regulatory actions for causing huge losses to the crypto industry, accusing the agency of enforcing the law without making clear rules, resulting in high legal costs and economic losses for companies. He called on the government to carry out regulatory reforms, including asking the SEC to compensate affected companies for triple legal fees, fire relevant law enforcement personnel, and prohibiting those who abuse regulatory power from re-engagement of government positions.

Previously, the agency (SEC) has withdrawn its lawsuit against Coinbase and terminated its investigation into OpenSea, Robinhood and Uniswap.

FBI confirms North Korean hacker group is responsible for theft of approximately $1.5 billion in Bybit 's assets

According to the FBI announcement, the FBI issued a security notice (PSA), confirming that North Korean hackers are responsible for theft of approximately $1.5 billion in digital assets on Bybit Exchange.

The FBI said the hacker group acted quickly and had converted some of the stolen assets into bitcoin and other digital assets, and spread them to thousands of addresses on multiple blockchains. These assets are expected to be further laundered and eventually converted into fiat currencies.

Upbit will block withdrawals from addresses related to Bybit hacking events at the request of the FBI

Upbit has published an official document requiring all digital asset service providers to block transactions related to these addresses, according to a recent hacking incident against Bybit. Upbit will work closely with investigative agencies. Upbit strongly advises users not to withdraw funds from addresses related to hacking events, and lists the list of hacker-related Ethereum wallet addresses published by the FBI.

Starknet announces 2025 decentralization roadmap: plan focus includes staking mechanisms, etc.

Starknet announced its decentralization roadmap for 2025 with the goal of becoming the first fully decentralized Layer 2 (L2) to scale Ethereum. The plan focuses on the pledge mechanism, operation decentralization and governance independence.

1. Staking: Starknet launched the first phase of staking (Staking v1) in November 2024. Currently, more than 170 million STRKs have been pledged by 63,000 principals and 106 validators. Staking v2 to v4 will be launched in phases in 2025, ultimately enabling verifiers to be fully responsible for network security and block verification.

2. Running decentralization: Starknet will gradually migrate from the existing architecture to the fully open source Apollo sorter and Stwo prover. It is planned to launch the distributed consensus layer of the main network by the end of 2025. Verifiers will participate in block voting to achieve decentralized operation.

3. Governance independence: The Starknet Security Council will further promote the decentralized governance of core contracts while enhancing network censorship resistance.

At the same time, Starknet's latest version v0.13.4 has been launched on the test network, bringing optimizations such as state compression, fixed L2 gas price and Cairo-native performance improvement, and is scheduled to be launched on the main network between March 17 and 24. Future version v0.14.0 will also introduce 2-second block time, more efficient sorter and improved cost market functions.

Hasu 's argument for Safe has caused controversy, Wintermute founder says his remarks distort facts

Safe investor Hasu posted on social media that although Bybit was stolen this time because of the intrusion of the Safe front-end rather than the Bybit infrastructure, Bybit's infrastructure is not enough to monitor such a simple hacker attack. When the amount of funds transferred is greater than $1 billion, there is no reason not to verify the integrity of the message on the second offline machine. If you blame SAFE instead of Bybit here, you will learn the wrong lesson completely.

In response, Wintermute founder wishfulcynic.eth responded that his remarks were somewhat confusing and distorting the facts (gaslight effect).

Hasu retorted to his series of comments that evaluating whether Safe is wrong in the incident is a difficult thing to answer (not because he is a Safe investor). Safe provides a solution through a centralized front-end, but should never rely entirely on it. It believes that Safe's biggest problem is that it has not cooperated with large-scale customers to educate it on security. The invasion of Safe developers' equipment is also one of the problems, but it is more important to learn from it.

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

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The Ethereum problem is too complicated.

The situation reversed, Bybit was stolen for 1.5 billion US dollars, which was actually caused by the developer of Safe protocol.

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None of the celebrity/institutional tokens led by TRUMP survived, with most of them falling by more than 90% from their highs.

Meme Popular List

According to the market data of Meme token tracking and analysis platform GMGN , as of February 27, 19:50:

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

The top five popular tokens in the past 24h are: PIPE , Pablo , YODA, LUNA, PE

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