Important information last night this morning (February 11-February 12)

Federal Reserve Chairman Powell calls for "re-examine" the debanking problem of crypto industry

According to The Block, Fed Chairman Jerome Powell said that given the criticism of the crypto industry being excluded from banking services, it is time to "re-examine" the debanization issue. During a Senate Banking Committee hearing Tuesday, Sen. Tim Scott, Republican of South Carolina, asked Powell if he would work with him to ensure that financial rules “do not impose more burdens than necessary.” "I'll promise to work with you to solve this problem, and we're really trying to avoid creating too much burden, and frankly, I think it's fair to revisit the debanization issue. We don't mean to do this, but sometimes regulation can cause something to happen and we need to improve on it. Scott also asked Powell whether he agreed to commit to working with lawmakers to end debanking; Powell agreed.

As lawmakers hold hearings and guide investigations to examine the issue, Washington once again focused on concerns about debanking of crypto. Last week, the House and Senate held two hearings on the issue. In a press conference last month, Powell said that as long as banks can manage risks, they can serve crypto customers.

Fed chairman reiterates no need to rush to adjust interest rates

According to Kingshin, Federal Reserve Chairman Powell reiterated that there is no need to rush to adjust interest rates. Powell said the Fed's framework assessment will not focus on inflation targets, which will remain at 2%. If the economy continues to be strong and inflation does not move closer to 2%, policy caution can be maintained for a longer period of time. If the labor market unexpectedly weakens or inflation drops beyond expectations, policies can be relaxed moderately. The U.S. economy is generally strong, with inflation approaching the target of 2%, but it is still slightly higher.

Federal Reserve Chairman Powell: Supports the establishment of regulatory framework around stablecoins

Powell says it won't push forward central bank digital currency during his term

Trump administration considers merger of FDIC and OCC, plans to cut bank regulator powers

Trump administration officials are discussing plans to integrate bank regulators, which may attempt to incorporate the U.S. Federal Deposit Insurance Corporation (FDIC) into the Treasury Department without Congressional approval and merge its supervision, according to the Wall Street Journal. Functions and Currency Supervision Office (OCC).

BitGo considers IPO as early as the second half of 2025, with a valuation of over $1.75 billion

According to Bloomberg, US crypto custodial company BitGo is considering an initial public offering (IPO) as early as the second half of 2025 and is currently in talks with potential consultants. BitGo completed a US$100 million financing in 2023 with a valuation of US$1.75 billion. Investors include Goldman Sachs, DRW Holdings, Redpoint Ventures and Valor Equity Partners. The company provides crypto asset custody, transaction, lending and other services to more than 1,500 institutional clients in more than 50 countries around the world, and handles about 8% of the global Bitcoin transaction volume.

The IPO plan comes as the U.S. government's attitude towards the crypto industry shifts to support, and many crypto companies such as Gemini, Bullish Global, Circle and Kraken are also preparing to go public. In addition, BitGo CEO Mike Belshe supported Trump's campaign fundraiser in July 2024.

Fireblocks will support Sony's Soneium blockchain

According to CoinDesk, crypto hosting technology provider Fireblocks announced support for Sony's Ethereum layer 2 network launched by Soneium, a collaboration between Sony and Singapore's Startale Labs. Soneium was launched in January 2025 and uses Optimism's OP Stack technology to focus on the fields of gaming, finance and entertainment.

Hong Kong confirms that Bitcoin and Ethereum can be used for investment visas for wealth proof

Listed company KULR Technology increases its Bitcoin holdings to 610.3

Trump family crypto project WLFI collaborates with Ondo Finance to promote adoption of tokenized RWA

According to official news, World Liberty Financial (WLFI) and Ondo Finance announced a strategic cooperation to promote the adoption of tokenized real-world assets (RWA) and bring traditional finance to the chain.

As part of the collaboration, WLFI is exploring the integration of Ondo's tokenized assets as reserve assets into the WLFI network, including USDY (for non-Americans outside the United States only) and OUSG. WLFI also plans to integrate Ondo's upcoming USDY, OUSG and tokenized securities into the WLFI platform to provide its users with lending and margin trading.

Tether announces strategic investment in self-hosted crypto wallet Zengo Wallet

Ethereum Foundation will provide $200,000 in grant to support Pectra upgrade ecosystem

Tether chooses Arbitrum to support cross-chain stablecoin USDT0

Binance: Recent asset changes are only adjusted by internal accounting procedures, and user funds are safe

Regarding the incident of "Binance significantly reduced its holdings of its own crypto assets last month", Binance official responded that the recent changes in Binance assets are only an adjustment to the accounting process of Binance's financial department, and user funds are always in a safe state (SAFU) .

Lido launches V3, introducing customizable "stVaults" to support advanced Ethereum staking strategy

According to The Block, Ethereum staking solution Lido has launched its latest version. With the release of Lido v3, the protocol introduced "stVaults" (i.e. modular smart contracts) to bring greater flexibility to its liquid staking infrastructure. These vaults are designed to enable users to design advanced staking strategies around Lido's stETH tokens. The protocol also allows ETH holders to stake without holding the 32 ETH required to stake directly on the Ethereum beacon chain. While liquid stETH tokens can be used almost anywhere ETH is available, the introduction of native vaults will increase protocol flexibility by enabling personalized staking settings including adjustable fee structures, validator configurations, and risk-benefit features.

Binance will launch LAYER 1-75 times U-standard perpetual contract

Uniswap Labs: Layer2 network Unichain main network has been launched

According to official news, Uniswap Labs announced that the Layer2 network Unichain main network has been launched, and users and developers can build and use the DeFi application and tool ecosystem on Unichain.

DeFi platform Legends completes $15 million in financing, with a16z and Coinbase Ventures participating in investment

Decentralized financial platform Legends announced its first round of financing, raising $15 million from Andreessen Horowitz (a16z) and Coinbase Ventures, Fortune Magazine reported.

Legends, launched by former Compound CEO Jayson Hobby and two other former Compound executives, will improve the foundation they and colleagues have built in Compound. Instead of forcing them to log in to multiple different applications to use their cryptocurrency, Legends will provide users with decentralized financing. The company's current focus is to strive to list on the Apple App Store and build a reliable user base. In the future, Legend plans to generate revenue through subscriptions.

FTX/Alameda redeems 184,000 SOLs 6 hours ago and distributed them to 23 addresses

According to EmberCN monitoring, FTX/Alameda redeems 184,162 SOLs (about $37.73 million) from the pledge in the past six hours ago and distributed them to 23 addresses. Since November 2023, FTX/Alameda has accumulated redemption and transferred out 4,629,000 SOLs (about $555 million) through similar operations, with an average transfer price of $120. Most of these SOLs flow to Coinbase and Binance. At present, there are still about 6.338 million SOLs (about 1.25 billion US dollars) pledged by FTX/Alameda.

FTX Phase 1 Repayment Will Repay $6.5 billion to $7 billion

According to Cointelegraph, FTX will start repaying $16 billion in creditor debt on February 18, 2025, and the first phase will repay $6.5 billion to $7 billion. The compensation will be calculated based on the November 2022 price.

PANews APP features are updated,download and experience now!

【Comment】Speak freely and share opinions

【Floating Window】Reading interrupted, return at any time

【Search within the text】Fast positioning, reach the core directly