Daily | Strategy announces the issuance of $2 billion convertible bonds; SBF's approximately $1 billion in financial assets and two private jets have been confiscated by the U.S. District Court for the Southern District of New York;
Reprinted from chaincatcher
02/19/2025·3MCompiled by: Luan Peng, ChainCatcher
Important information:
- Binance HODLer airdrop launches KAITO
- FTX: The next round of repayment allocation is expected to begin on May 30, 2025
- Kaito Al will open KAITO application tomorrow
- Vitalik: Has a seat on the Ethereum Foundation’s three-person board since 2017
- Strategy Announces Issuance of $2 billion convertible bonds to Support Future Bitcoin Purchase
- Libra Hayden Davis denied bribing Argentine President Mile's sister
- Justin Sun: The combination of AI and blockchain has great potential, and it will soon launch AI products based on DeepSeek
- Binance will update multiple U standard perpetual contract leverage and margin Binance will update multiple U standard perpetual contract leverage and margin
"What important events have happened in the past 24 hours"
Binance HODLer airdrop launches KAITO
According to the official announcement, Binance HODLer airdrop has now launched the 9th phase project KAITO. From 08:00 on February 6, 2025 to 07:59 on February 11, 2025 (East Eighth District time), users who use BNB to subscribe to earning currency platform regularly and/or current products will receive airdrop allocation. HODLer airdrop information is expected to be launched within 12 hours, and new tokens will be distributed to the user's spot wallet 1 hour before the transaction begins.
Binance will be listed on KAITO at 21:00 on February 20, 2025 (East Eighth District Time), and will open trading pairs for BTC, USDT, USDC, BNB, FDUSD and TRY. Applicable seed label trading rules.
FTX: The next round of repayment allocation is expected to begin on May 30, 2025
FTX announced that it has begun its first payment allocation to the Convenience Classes approved claim holders in the Chapter 11 restructuring plan. Clients are expected to receive funds within 1 to 3 working days.
The expected registration date for the next round of allocations is April 11, 2025 and applies to holders of approved FTX Class 5 customer equity claims and Class 6 general unsecured claims, all defined in the Restructuring Plan.
For Convenience Claims that have been approved after the initial registration date but have not yet received the allocation, the next round of registration date is also set as April 11, 2025. The next round of allocation is expected to begin on May 30, 2025.
Kaito Al will open KAITO application tomorrow
Kaito Al, a cryptocurrency data analysis platform based on AI, announced that it will open KAITO application at 20:00 tomorrow (February 20). The KAITO token economic model will be released before token application, and transactions will be open at 21:00 on the same day. .
Vitalik: Has a seat on the Ethereum Foundation’s three-person board since 2017
Vitalik said the statement that he holds 3/5 of the Ethereum Foundation (EF) board is not accurate. He clarified that he has only one seat on the three-person board since 2017.
Strategy Announces Issuance of $2 billion convertible bonds to Support Future Bitcoin Purchase
According to The Block, Strategy Company (formerly MicroStrategy) plans to issue $2 billion in zero-interest convertible premium bonds for general corporate purposes, including the acquisition of Bitcoin. These bonds will expire on March 1, 2030 and may be settled by cash, Class A common stock or a combination of both. The company also grants initial buyers the option to purchase an additional $300 million in bonds.
Previously, Strategy issued a profit warning in the 10-K document, mainly due to the impairment loss of digital assets of $1.79 billion. The company warns that if the value of Bitcoin market falls sharply, it may affect its debt repayment ability and liquidity, forcing it to sell Bitcoin at an unfavorable price.
In 2024, Strategy acquired approximately 258,320 BTC and currently holds 478,740 BTC worth over US$46 billion. The company said it may rely on equity or debt financing to meet financial obligations in the future, and success depends on the market value of Bitcoin.
Libra Hayden Davis denied bribing Argentine President Mile's sister
According to CoinDesk, Libra token co-founder Hayden Davis claimed in a text message last December that he influenced by bribing Karina Milei, the sister of Argentina President Javier Milei. The president made the decision and said, "I gave his sister money, he signed it as I wanted and acted as I asked."
It is reported that Karina Mile is an important figure in the Mile government. She is currently the Secretary-General of the Argentine Presidential Palace and the sister of the current Argentine President Javier Mile.
In response, Hayden Davis spokesman Michael Padovano said Davis doesn't remember sending such a message, and there is no record of sending the message on his phone.
"Recent media reports that I paid President Javier Mile or his sister Karina Mile to launch Libra memecoin, which is totally wrong. I have never given They have paid anything and they have not asked me to pay anything. Their only concern is to ensure that the benefits of Libra can benefit the people and the economy of Argentina."
Justin Sun, a global consultant of Huobi HTX and founder of Tron TRON, was invited to attend the roundtable forum with the theme of "Unlocking DeFi for the Public: Conversation with World Liberty Financial and Tron TRON". He said that over the past five years, the entire crypto industry has spent a lot of time and effort to get it into the mainstream financial world. The role of WLFI connecting traditional finance with cryptocurrencies and the Trump administration’s position to support cryptocurrencies is needed by the industry, so cooperation with WLFI is fast and smooth.
Speaking of the current Meme market, Justin Sun said that Meme coins are the future of cryptocurrencies, but they need to be operated in the right way. "Recently we have seen some Meme coins drop sharply, one of the reasons is that they are not launched in the right way. The most successful Meme coins, such as Dogecoin, Shiba, etc., have developed from the community, not from the beginning, high. Valuation is on sale. Currently, many Meme coins are on sale through VC investments, resulting in price plummeting and losing market trust. "
Justin Sun also revealed his future development plan in the forum:
1. The current market value of the decentralized stablecoin USDD is US$200 million, and it plans to double its market value in the short term. Meanwhile, it continues to provide a high return of 20%, which will be continuously monitored and optimized.
2. The combination of AI and blockchain has great potential, and it is planned to launch an AI product based on DeepSeek in Q2 2025.
According to the official announcement, Binance Contract will update the leverage and margin ladder of BADGERUSDT, BOMEUSDT, 1000FLOKIUSDT, GOATUSDT, OMUSDT and BNXUSDTU standard perpetual contracts at 17:30 on February 19, 2025 (Beijing time). The existing positions before the user update will be affected, and users are advised to make corresponding preparations before adjustment.
The modular real income layer and Instagram application chain Cygnus completed a US$20 million Pre-Seed round of financing, with Manifold Trading, OKX Ventures, Mirana Ventures, Optimism Foundation Retro Funding and others participating in the investment. The financing will allow Cygnus to expand its product range and strengthen its influence in key markets, pushing the crypto industry into the era of super applications.
Cygnus is committed to building a modular real-earnings layer with the goal of making it easy for any blockchain to customize its own restaken network and achieve shared security. Assets from both on-chain and off-chain can be deposited into Cygnus LVS to become liquidity validation to promote seamless coordination and economic security.
Cygnus aims to build a transparent and decentralized economic network in emerging ecosystems and build sustainable models that drive real-world utility and support large-scale adoption.
Report: Bitcoin mining contributes $4 billion and 31,000 jobs to the U.S. economy
According to TheMinerMag, a recent report released by Perryman Group shows that Bitcoin mining has created more than 31,000 jobs for the U.S. economy and generated more than $4.1 billion in total output each year. The United States accounts for about 40% of the global Bitcoin hash rate.
The report highlights that Texas is the biggest beneficiary of Bitcoin mining, with annual economic activity estimated at $1.7 billion, creating more than 12,200 jobs. Georgia's annual output value is $316.8 million, while New York State contributes $225.9 million.
It is reported that the report was commissioned by the industry nonprofit organization Texas Blockchain Committee and the Digital Chamber of Commerce.
According to Cointelegraph, Hong Kong Financial Secretary Chan Mo-po said in a keynote speech at the "Consensus Hong Kong 2025" conference that as the Web3 ecosystem continues to develop, Hong Kong will maintain a stable, open and vibrant digital asset market.
Chan Mo-po pointed out that Hong Kong is vigorously investing in related infrastructure and talent training. Currently, Hong Kong Cyberport has gathered more than 270 blockchain companies, with more than 120 new companies in the past 17 months.
People familiar with the matter: X Platform is negotiating financing at a valuation of US$44 billion
Elon Musk's social media company X is negotiating with investors to raise funds at a valuation of $44 billion, the same price as Musk's acquisition of the company in 2022, according to people familiar with the matter.
The round of financing will be a major turnaround for the social media giant after Musk's acquisition and reforms have led many users and advertisers to flee. The above-mentioned person said that negotiations for a new round of round X financing are still in progress and details may change.
The company may also give up financing negotiations. This is the first known round of investments since Musk privatized the social media company.
According to CoinDesk, the U.S. federal court detailed the size of assets SBF had before being tried for fraud and was sentenced to jail, and how the U.S. government quickly intervened to seize about $1 billion in financial assets and two aircraft.
The U.S. District Court for the Southern District of New York officially deprived SBF of ownership in a list of dozens of pages of property. Alameda's assets in Binance include: $56 million XRP, $3.6 million TRX, $3.4 million ADA, $2.3 million BTC, and dozens of other tokens.
The most important asset is the sale proceeds of Robinhood stock—$606 million held by SBF’s Emergent Fidelity Technologies.
Other financial assets include:
Alameda Research holds USDTs in Binance;
Emergent Fidelity Technologies’ $21 million held in Marex;
FTX Digital Markets’ $50 million in Moonstone Bank;
FTX Digital Markets’ $101 million in Silvergate;
SBF and another individual held $7 million at Flagstar Bank.
The forfeited assets also includes two private jets: a 2009 Bombardier Global 5000 and a 2006 Embraer Legacy.
The court documents also detailed more than 250 political donations that have been withdrawn from the recipient’s campaigns and organizations, including the amount donated by FTX executives under the direction of SBF.
Zhao Changpeng: All tokens received will be donated to those who lose money on TST or Broccolis
Zhao Changpeng posted on the X platform: "When you try to make money quickly, you often lose everything. When you donate generously, you will get more.
I donated 150 BNBs (about $100,000) to a college student who invested $50,000 in his own funding to help Libra victims.
Now, the address has received more BNBs than I donated and has received more tokens.
I won't keep a single trace of it. I will continue to donate, most likely to those who lose money on TST or some Broccolis. This is not an endorsement of any token, and do not over-interpret it. ”
“What are some great articles worth reading in the past 24 hours”
On February 12, former ParaFi Capital partner Santiago Roel Santos announced Inversion Chain on social platforms . He said Inversion will focus on "real on-chain GDP" and by going on the chain, companies can fundamentally improve their operations and performance. Inversion chain will drive the world’s first crypto-native private equity strategy . The specific method is to acquire traditional enterprises and anchor them to the Inversion chain.
Previously, in November last year, Santiago Roel Santos announced the launch of the private equity fund Inversion Capital, which was also the prototype stage of Inversion Chain's philosophy. At that time, Santiago had decided to acquire traditional companies and use encryption technology to change its operational methods. At that time, he emphasized that he particularly emphasized that It is "acquisition" rather than allowing companies to cooperate and accept, which also means that Inversion Chain will be a customized, sovereign and clear L1.
It is reported that Inversion Chain will adopt Avalanche L1's customized chain technology. Inversion has nothing to do with the founder and the initial concept of the project, and in recent posts by Santos, he is also hiring CTOs and other members of the team. But this seemingly ambitious project has actually been sprouting.
From the fourth quarter of 2024 to the beginning of 2025, Solana's competitive landscape of DeFi ecosystem gradually emerged, mainly reflected in the rise of aggregators, user experience (UX) abstraction, major integration and evolving token economic standards. Although these changes are not obvious at first, recent data have clearly shown an impact, highlighted in the reallocation of liquidity, fee generation and changes in market share.
This analysis provides an in-depth analysis of the liquidity positioning of major decentralized exchanges (DEXs) based on Solana, Raydium, Jupiter, Orca and Meteora, focusing on their strengths, weaknesses, and potential investment impacts over existing and emerging competitors .
New BROCCOLI Half-hour Speed Pass 50M, Review the"Broccoli War" triggered by this donation
On the afternoon of February 18, the narrative of "CZ's Dog" that was already a little quiet suddenly became active. A new $BROCCOLI was released around 6 pm, which rose rapidly in a short period of time. Its market value was 50M within one and a half hours, and its current market value was stable. It is around 10M. The popularity of this token is not only the Renaissance, but also closely related to the recent $LIBRA and "charity relief".
From the perspective of holding strategies, each company has different market expectations and asset allocation directions. Many institutions have large-scale increase in holdings in the fourth quarter of 2024, especially BlackRock's IBIT is the most money-making.
On the evening of February 13, OpenSea announced the launch of the public beta version of OS2 on X, and will launch the platform token SEA, and hint that it will be airdropped. Although the specific timetable and details have not been released yet, the announcement has undoubtedly touched the hearts of many veteran players in the currency circle. In just one hour, the number of comments and retweets of the tweet has exceeded a thousand times, and the popularity of community discussions has soared.
OpenSea CEO Devin Finzer also tweeted that "the OS2 being launched is not just a new product, SEA is not just a token, but a brand new OpenSea built from scratch." There were some rumors that OpenSea's The new version will refer to Blur's transaction-centric UI.
Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of 19:50 on February 19:
The top five popular Ethereum tokens in the past 24h are: LINK, SHIB , UNI, USDe, PEPE
The top five popular tokens in the past 24h Solana are: TRUMP , PEPEAI , XAI, RAY , KMNO
The top five popular tokens in the past 24h Base are: AI , GPS, AERO , B3, VIRTUAL
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