Daily | Nigeria sues Binance, claiming $81.5 billion in economic losses and taxes; Trump: We want to be at the forefront of all areas, and cryptocurrencies are one of them
Reprinted from chaincatcher
02/20/2025·3MCompiled by: Luan Peng, ChainCatcher
Important information:
- Hashdex is approved to launch the world's first XRP spot ETF in Brazil
- Trump: We want to be at the forefront of all areas, and cryptocurrencies are one of them
- JPMorgan Chase: CME Bitcoin and Ethereum futures approach "reverse market", institutional demand weakens
- Kaito AI releases KAITO token economics, with initial community and ecological airdrops accounting for 10%
- Nigeria sues Binance for $81.5 billion in economic losses and taxes
- Aptos research director accused Monad of plagiarism, Monad Lianchuang issued a post to deny it
- Stacks: More than two-thirds of Bitcoin L2 projects will no longer exist within three years
- Binance will adjust BONK, INJ, EOS and OMU perpetual contract leverage and margin ladder
"What important events have happened in the past 24 hours"
Hashdex is approved to launch the world 's first XRP spot ETF in Brazil
The Brazilian Securities Commission (CVM) has approved Hashdex to launch the world's first XRP-based spot ETF in Brazil - HASHDEX NASDAQ XRP FUNDO DE ÍNDICE.
At present, the ETF is in the pre-operation stage and is managed by Genial Investimentos. The official launch date has not been announced yet.
Trump: We want to be at the forefront of all areas, and cryptocurrencies are one of them
"Bitcoin hits several record highs because everyone knows I am committed to making the United States a cryptocurrency capital," Trump said Wednesday at a meeting at the Miami Futures Investment Initiative Institute.
He added: "We want to be at the forefront of everything, one of which is cryptocurrency, and Miami seems to be the center of action. Think about it carefully, maybe it will always be there."
Washington is expected to have the most supportive cryptocurrency Congress to date, with supporters such as Senate Banking Committee Chairman Tim Scott and House Financial Services Committee Chairman French Hill, etc., are leading key committees to lead crypto regulations.
According to The Block, JPMorgan analysts warned in their latest research report that institutional demand for CME Bitcoin and Ethereum futures has weakened, which will bring near-term downside risks to the crypto market.
The report notes that CME Bitcoin and Ethereum futures are close to a “reverse market” (futures prices are lower than spot prices), indicating weak demand for institutional investors who have gained cryptocurrency exposure through CME futures contracts. Analysts believe that this phenomenon is mainly affected by two major factors: First, the lack of positive catalysts has led some institutions to choose to make profits; second, momentum-driven funds reduce exposure.
JPMorgan managing director Nikolaos Panigirtzoglou said the new U.S. administration is unlikely to launch major crypto-related measures by the second half of 2025, leaving investors on a wait-and-see state. Currently, the momentum signal of Ethereum has turned negative, and the momentum signal of Bitcoin and Ethereum has continued to weaken in the past few months.
Kaito AI released KAITO token economics, with a total supply of 1 billion coins, of which:
25%-Core Contributor;
32.2%-ecology and network growth;
2%-Binance holders;
10%-Initial community and ecosystem application;
7.5% - Long-term creator incentives;
5%-Liquidity Incentive;
8.3%-early supporters;
10%-Funded.
Nigeria sues Binance for $81.5 billion in economic losses and taxes
According to Reuters, Nigerian authorities filed a lawsuit against Binance, claiming $79.5 billion in economic losses and $2 billion in unpaid taxes. The Federal Taxation Service of Nigeria (FIRS) accused Binance of illegal operation in the country.
Nigeria's Federal Taxation Agency said Binance's operations in the country were illegal. Earlier in March 2024, the agency sued Binance for four tax violations, including failure to pay corporate income tax and failure to file tax returns.
Aptos research director accused Monad of plagiarism, Monad Lianchuang issued a post to deny it
Alexander Spiegelman, director of Aptos research, posted on X: "I don't understand why Monad has to spend so much time copying Aptos' technology. This is all open source and has many peer-reviewed papers. Instead of hiding it, it's also a silly way. It’s better to copy it directly openly."
In response, Monad co-founder James Hunsaker responded: "When you're still wearing diapers, I've already studied software transaction memory (STM) in the Haskell environment, and BlockSTM is a simple extension of these things. I've never been I haven't seen any Aptos code, and in fact, I wouldn't have thought of Aptos if you didn't post these nonsense."
Stacks: More than two-thirds of Bitcoin L2 projects will no longer exist within three years
Stacks co-founder Muneeb Ali said that as the initial excitement fades, more than two-thirds of existing Bitcoin Tier 2 projects will no longer exist within three years.
Speaking about the Bitcoin L2 ecosystem, Ali said most projects are beginning to realize that “the market is very difficult.”
Binance will adjust BONK, INJ, EOS and OMU perpetual contract leverage and margin ladder
According to Binance's official announcement, Binance Futures will adjust the leverage and margin ladder of 1000BONKUSDT, INJUSDT, EOSUSDT and OMUSDT perpetual contracts at 17:30 on February 20, 2025 (Beijing time). This adjustment will affect existing positions and may also lead to the failure of futures grid strategies. Binance recommends that users make corresponding adjustments in a timely manner before the adjustment takes effect.
Developer: Lightning Network Vulnerability allows hackers to steal funds remotely through LND nodes
According to Protos, developer "Calle" warns the Lightning Network that there are vulnerabilities and there are security risks when using nodes below LND 0.18.5 or LITD 0.14.1. The vulnerability allows hackers to remotely manipulate the payment status of Lightning invoices, thereby stealing funds.
Satoshi Labs co-founder Pavol Rusnak also issued a similar warning to remind Lightning Network users to update the node software as soon as possible. The vulnerability has been fixed in LND 0.18.5 and LITD 0.14.1 versions, but because LND 0.18.5 was released only last week, many nodes are still not updated, and there are still risks.
Ethereum co-founder Vitalik responded to the question "Have you ever been frustrated and disappointed with EF, community, and industry in the past year?" in a text AMA held on the Tako platform. "Of course, it may be the most recent When I was disappointed, some people said that Ethereum was not good and intolerant because we did not respect the 'casino' on the blockchain enough, and other chains were happy to accept any application, so they were better.
If the blockchain community has such a moral problem of "anti-Tiangang", I will have no interest in participating in blockchain. But I found an interesting point: on the Internet, many people can say those things, but when I chat with the community myself, everyone's values are still the same as before, so I think I have a responsibility to this community and cannot Abandoning them, Ethereum needs to work together to create the world we want to see.
This will require some changes, such as the foundation may not be too neutral at the application level and needs to support some things specifically, but this project must be worth doing this. ”
Thailand plans to issue $148 million tokenized government bonds 10 months ago
According to ledgerininsights, Thailand's Finance Minister Pichai Chunhavajira said the government plans to issue 5 billion baht (USD 148 million) government bonds directly to the public before the end of the fiscal year (September 30). The initial issuance will be considered a sandbox project and can be traded on the digital bond platform.
The minister said: "We will involve retail investors regardless of their financial situation. They can invest as much as possible, buy and sell directly on the platform, bypassing the traditional bank counter. There are many platforms available at present, along with the private sector. With the participation of the department, we expect the management costs to be reduced, with investments up to 1,000 baht."
In addition, the minister said the government is considering merging the Securities Act with the Digital Assets Act.
Ethereum co-founder Vitalik said in response to a question in a text AMA held by the Tako platform that his parents have bought ETH since the birth of Ethereum and have been following and supporting themselves. Before Ethereum was born, they also tried to arrange and buy a lot of materials for themselves to learn code.
“What are some great articles worth reading in the past 24 hours”
From 36% to zero tax rate:"Trump variable" behind the EU's crypto tax reform war
President Trump recently announced that he plans to hold talks with Putin to end the Ukrainian conflict. Trump's recent move caught European leaders off guard, and they are now worried that potential peace talks could bypass them. In addition to security issues, the Ukrainian conflict has also had a huge economic impact on Europe. In this article, we will discuss how Trump’s recent moves affect the European economy, including its crypto tax policy, and introduce the existing EU tax rates for personal capital gains for crypto users.
99% of Meme trading is destined to suffer losses, and the dealer is the big winner
My Meme trading account is currently losing -60%. Am I a bad trader? Yes I do. But it's not just because of bad decisions, I prefer to believe that I'm no worse than an average gambler. So, what exactly is the problem? Inspired by @0xngmi 's data (he pointed out that the benefits of playing Memecoin are even worse than those of casinos), I decided to go deeper into what the root of the problem is.
On the evening of February 19, at the invitation of FSL chief revenue officer Mable Jiang, Ethereum founder Vitalik Buterin conducted a special flash text AMA in the "Flash Interview Circle" in the Tako App. The interview has solicited anonymity questions from the community in advance, aiming to respond to the community's concerns and confusion about the future development of Ethereum.
The interview content involves the future adoption and ultimate narrative of ETH, how to view the relationship between L2 and Ethereum, MegaETH 's centralized sequencer solution, etc. Even Vitalik answered the question of community users asking him "whether he is a communist." It is worth noting that this is also the first time that Vitalik has performed AMA in Chinese in recent years.
Consensus Conference Composition: Consensus Conference with the least "consensus"
The on-chain world has become the hope for most people in the currency circle, but compared with the difficulty in making money in the CEX secondary market, the on-chain Pure Speed Pass PVP environment is also challenging for most audiences.
Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of 19:50 on February 20:
The top five popular Ethereum tokens in the past 24 hours are: LINK, SHIB , ONDO, UNI, USDe
The top five popular tokens in the past 24h are: TRUMP , RAY , Fartcoin, arc , PAIN
The top five popular tokens in the past 24h Base are: AI , GPS, AERO , B3, VIRTUAL
panewslab
jinse