Golden Web3.0 Daily | Montana vetoes Bitcoin Reserves Act

DeFi data

1. Total market value of DeFi tokens: US$108.809 billion

DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was US$7.091 billion

Source of transaction volume data from decentralized exchanges in the past 24 hours: coingecko

3. Locked assets in DeFi: US$108.453 billion

DeFi project locked assets ranking and locked positions data source: defilama

NFT data

1.NFT total market value: US$22.522 billion

The top ten NFT projects ranked in total market value and market value data source: Coinmarketcap

2.24-hour NFT trading volume: US$ 2.101 billion


The top ten NFT projects ranked in total market value and market value data source: Coinmarketcap

Top NFTs within 3.24 hours

NFTs with the top ten sales gains within 24 hours Source: NFTGO

Headlines

Montana House of Representatives vetoes Bitcoin Reserves Act

On February 24, the Montana House of Representatives voted against a proposal bill that proposed to use Bitcoin as a state reserve asset. The bill proposes to establish a special income account to invest in precious metals, stablecoins and digital assets with a market value of more than $750 billion, and currently only Bitcoin meets this standard. The bill was opposed by several Republican lawmakers, believing that it would allow the state investment committee to over-speculate with taxpayer funds, which is too risky. Supporters believe that if the bill is not passed, the state government will lose the opportunity to increase returns on funds. At present, the bill has been basically shelved. If it is to be re-proposed in the future, it will need to be submitted to the legislature for review.

MEME hot spots

1. BCA Research: An estimated $6 billion in crypto liquidity has been lost from the ecosystem due to Meme coins

When Trump launched his Meme on the eve of his inauguration, some believe that violent price fluctuations opened the door for imitators, BCA Research deputy strategist Juan Correa estimates that there is currently $6 billion in crypto liquidity As Meme coins are lost from the ecosystem, he explained: "Investors may be somewhat worried about issuing Meme coins because of regulatory risks and the risk of being prosecuted. But now that the U.S. president has done it, it seems to be feasible. However, Meme coins distract from more basic crypto assets, and the profits obtained from these transactions rarely return to the crypto space. They will not be used to develop innovative products that help solve the real problems of the world, which is what everyone thinks Encryption and blockchain can do it.”

2.Kanye (Kanye) hinted that it will launch "Swasticion" token next week

February 24th news, according to Theblock, American producer and rapper Ye (Kanye West), has posted posts about cryptocurrencies many times in the past few hours, and hinted that a name will be launched next week. Token for "Swasticoin".

3.CryptoQuant CEO: Memecoins is the prototype of collective unconsciousness

Golden Finance reported that CryptoQuant CEO Ki YoungJu recently posted on X platform that Memecoins are the prototype of collective unconsciousness, a concept proposed by 20th century psychologist Carl Jung, used to describe common memories and symbols passed down from generation to generation. Memory and symbols form a common human culture. In two X (tweets) posts on MAOBI on February 23, the CEO wrote that animals and celebrity Memecoin are the product of collective unconsciousness, while altcoins are the embodiment of collective consciousness. Ju added: “The animal Memecoin reflects the shamanism that worships animals, while the celebrity coin embodies the higher religion that worships humanity. Human evolution is driven by a common belief – worship, group formation and collaboration.”

DeFi hotspots

1.Uniswap Foundation: The gRHO platform has been launched on Uniswap v4

Golden Finance reported that according to the official announcement, the Uniswap Foundation announced that Panoptic's gRHO platform has been launched on Uniswap v4. The project has previously received $379,000 innovative funding from the Uniswap Foundation to support the development of the platform. gRHO is a Uniswap v4 passive mobile The liquidity interface is expected to be open source and forked in the second quarter of 2025.

2. Ethereum developers will launch Pectra tests on Holesky

Golden Finance reported that Ethereum’s Pectra upgrade will be launched on the Holesky Test Network at 9:55 pm today (UTC time), allowing developers to test new improvements before they enter the Ethereum mainnet. Pectra introduces features to enhance Ethereum accounts, support layer 2 expansion and improve validator user experience. According to the Ethereum Foundation, Pectra represents an important step towards account abstraction. One of the major changes includes EIP-3074, which enhances the Ethereum account abstraction by allowing externally owned accounts (EOA) to perform bulk transactions and sponsored gas payments. In addition, the Pectra upgrade will increase Ethereum's blob capacity by 50%. The main network currently supports an average of 3 blobs per block, and the number will be increased to 6 after Pectra deployment.

3. People familiar with the matter: Ethena previously completed a $100 million financing in December

Golden Finance reported that cryptocurrency project Ethena has raised $100 million to fund the launch of new stablecoin products targeting traditional financial institutions. The financing was not previously reported and was completed in December, attracting investors including Franklin Templeton and Fidelity Investment’s venture capital firm F-Prime Capital, a person familiar with the matter.

4.Berachain TVL rose 16.52% in the past 7 days, surpassing Base to rank sixth

According to DeFiLlama data, Berachain's total locked value (TVL) rose 16.52% in the past seven days to US$3.271 billion, surpassing Base's US$3.27 billion and jumping to sixth in all public chains.

5. Data: Jupiter transaction volume reached US$184 billion in January 2025

According to data disclosed by Jupiter DAO, Jupiter trading volume reached US$184 billion in January 2025, 184 times the US$1 billion trading volume in January 2023.

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