Important information last night this morning (February 17-February 18)
Reprinted from panewslab
02/18/2025·2M
According to the Hong Kong Radio website, Ye Zhiheng, executive director of the Intermediary Department of the Hong Kong Securities Regulatory Commission, is expected to announce the virtual asset development roadmap within this month. In addition to explaining the development principles, the roadmap will also mention the scope of the short-term expectations and market research of the Securities Regulatory Commission, as well as Where platform participants want to optimize. In addition, the focus of the virtual asset roadmap is not on the content itself, but on the CSRC’s courage to show the principles to the market and the approach to market considerations.
Market News: LIBRA team is negotiating with the Nigerian government to launch Meme Coin
According to unconfirmed reports of Beincrypto's signings, the LIBRA team also negotiated with Nigerian officials on the issuance of another unstable meme currency. As of now, there is no evidence that Nigerian President Bola Tinubu has a direct connection with LIBRA, but his team is reportedly in close negotiations. Hayden Davis, CEO of LIBRA market makers, claimed he had received a lot of invitations to assist with more "rug pull" scams. The controversial meme coin LIBRA endorsed by Argentine President Javier Milei has become the core of mass fraud allegations. President Milei denied ties to LIBRA after the market cap plummeted and faced threats of investigation and impeachment. What is even more shocking is that the LIBRA team plans to join forces with the Nigerian government to launch a new meme coin. The key figure connecting LIBRA and Nigerian officials is Hayden Davis, CEO of Kelsier Ventures. He is a U.S. citizen, thus likely giving the FBI and the Department of Justice jurisdiction to investigate the LIBRA incident. Previously, Davis casually admitted several major financial crimes in a long interview. He said the crimes brought him new opportunities. Community detectives speculated that Davis was behind Memecoin MELANIA and related scams, and he confirmed the allegations in an interview. In other words, MELANIA may have allowed Davis to gain access to Nigerian officials before LIBRA. Reports cannot confirm whether the Nigerian president is involved in the program. However, Davis said “the project has been going well” and several members of his team were actively involved. Nigeria's recent enthusiasm for the cryptocurrency sector has added credibility to these claims.
US Stock Exchange MEMX applies to SEC to approve its listing of 21Shares XRP ETF
According to Cointelegraph, the US Stock Exchange MEMX has applied to the Securities and Exchange Commission (SEC) to request approval to list the 21Shares XRP ETF as a "commodity trust", and the relevant documents have been submitted to the regulatory authorities. The move marks another effort by the U.S. exchange to list ETFs containing spot XRP. This application also highlights the SEC's shift in its cryptocurrency stance.
According to Cryptoslate, version 1.15.2 of the Ethereum protocol key client Geth has been released to fix a bug that affected the creation of mainnet blocks in the previous version. According to Go Ethereum, the emergency update resolves a regression problem in the beacon consensus engine that causes validators to miss out on blocking opportunities and potentially cause economic losses. A regression problem in earlier versions affected the consensus engine's handling of mainnet block construction because it did not take into account the situation where MergeNetsplitBlock was not defined in the chain configuration. This change was introduced in a recent update to the beacon consensus engine, resulting in the mainnet not being recognized as running under the PoS mechanism, thus undermining block creation and network expected performance. The developer details the regression problem originated from the removal of a test method called TestingTTDBlock. This method was initially added during internal testing and was used to mock Merge blocks. After removing this method, the system no longer bypasses the dependency on the total difficulty, which previously allowed the engine to ignore the normal forking order and inadvertently enabled Merge before the London fork. It is recommended that users running version 1.15.1 upgrade to version 1.15.2 immediately to avoid missing block creation opportunities and incur financial penalties. Geth v1.15.2 now provides a configuration that correctly identifies the mainnet as merged status and restores the necessary network discovery protocols, thus restoring the expected operating parameters.
According to Zhitong Finance Network, people familiar with the matter revealed that OpenAI co-founder Ilya Sutskever is raising more than $1 billion for his AI startup Safe Superintelligence, valued it with a valuation of more than $30 billion, thus leaping into the world's most valuable private sector. Among the technology companies. Greenoaks Capital Partners, a San Francisco-based venture capital firm, is leading the round with a planned investment of $500 million, people familiar with the matter said. Greenoaks has also previously invested in AI companies ScaleAI and Databricks. Greenoaks Capital Partners, a well-known venture capital firm based in San Francisco, is leading the investment in Safe Superintelligence, with a planned investment of up to $500 million, the person familiar with the matter said. It is worth noting that Greenoaks is also an important investor in Scale AI and Databricks Inc., an outstanding company in the field of artificial intelligence. This background undoubtedly adds more expectations to the future development of Safe Superintelligence. It is reported that this financing will significantly push up Sutskever's valuation, which has achieved a significant increase compared to the previous $5 billion. However, it is worth noting that financing negotiations are still in full swing, and there is still a possibility of changes in relevant details.
Argentine President: LIBRA is not promoted, but only shared LIBRA information
Argentine President Mile said on a TV show, "I acted in goodwill and got hit. The country did not lose money, and Argentines lost at most four or five. The vast majority of investors are Chinese and Americans. I share this Message, like hundreds of things I've shared. My tweets were sent three minutes after the currency was created because I was passionate about these things and got to know it. These people are volatility traders, Know what you are doing. It is fake to say that 44,000 people are affected, and at most only 5,000 people are. The possibility of involving Argentines is very small. These are people who are very professional in this kind of financial instrument. Those who are involved are very Be aware of the risks they take - they are volatility traders. This is a private matter between individuals and they are voluntarily involved. I am not promoting LIBRA, I just share LIBRA information. I do this because I am a firm Technological optimist. Any initiative that improves financing for tech entrepreneurs appeals to me. I made no mistakes because I acted in goodwill. But when I saw the consequences, I realized that I still have a lot to learn. I need to understand that after becoming president, I still act like I used to. Unfortunately, this situation made me realize that I need to raise my screening standards and no longer so easy to access.”
According to FFNews, Standard Chartered Bank (Hong Kong), Animoca Brands and HKT have reached an agreement to form a joint venture (JV) and plan to apply for a license from the Hong Kong Monetary Authority (HKMA) to issue stablecoins supported by Hong Kong dollar. Standard Chartered Bank has extensive experience in global stablecoin issuance and will provide joint ventures with bank-grade infrastructure and strict governance. Animoca Brands will leverage its expertise and network in the Web3 field to advance the project. HKT will leverage its mobile wallet expertise to promote innovative stablecoin applications and promote domestic and cross-border payments.
GetTrumpMemes will airdrop TRUMP tokens to users who buy Trump products by February 15
According to Cointelegraph, GetTrumpMemes announced that it will airdrop TRUMP tokens to users who purchase Trump-related peripheral products by February 15.
Linea completes the review of witch attack appeals and removes 3,500 misjudgment addresses
Linea officially announced that it has completed the review of Sybil attack appeals for the ecosystem and updated the Sybil list based on the review results. A total of 3,500 misjudgment addresses were confirmed in the review and removed from the list. Users can check the account status through poh.linea.build.
Binance will launch GPS and SHELL perpetual contracts
Binance will launch the following two perpetual contracts, with the maximum available leverage of 25 times: 01:00 on February 18, 2025 (East Eight Time): GPSUSDT perpetual contract February 18, 2025 (East Eight Time): 01:15 on February 18, 2025 (East Eight Time Zone time): SHELLUSDT perpetual contract
Michael Saylor releases "21 Bitcoin Rules" to emphasize the unique value of Bitcoin
Michael Saylor, founder of Strategy (formerly MicroStrategy), tweeted to summarize "21 rules for Bitcoin". These rules underline the uniqueness and importance of Bitcoin’s future, including: Those who know Bitcoin will buy Bitcoin, while those who don’t know will criticize it; learning about Bitcoin is endless, and Bitcoin is driven by chaos ;Bitcoin is the only “casino game” we can all win;Bitcoin is the only thing you can really have. In addition, he also mentioned that the funds to buy Bitcoin should be the part that you "can't afford to lose", and Bitcoin is open to everyone, but it requires the ability to think and understand. He called for respect for Bitcoin and spread it with love.
According to CoinDesk, the Abu Dhabi branch of global investment management firm Brevan Howard Digital deploys $20 million in assets to the Kinto platform to participate in its on-chain financial ecosystem. Kinto is an Ethereum-based decentralized finance (DeFi) platform that provides customized blockchain and smart contract wallets to support financial institutions to deploy capital while meeting strict compliance requirements. Kinto is the only L2 platform with built-in KYC and AML functions at the blockchain level, and it also has default wallet insurance and comprehensive security features. Kinto's mining program rewards participants through asset deposits and will gradually pay rewards over the next 10 years. Brevan Howard Digital became one of the first traditional financial institutions to use digital assets to participate in the program.
Binance founder CZ (Zhao Changpeng) said on Twitter that rumors about Binance (CEX) being sold are "nonsense." He made it clear that as a shareholder, Binance is not for sale and said top investors have been interested in Binance and may allow a small amount of equity investment (single digital percentage) in the future.
Regarding the rumors that Binance is about to sell, Binance co-founder He Yi responded on social media that the recent crisis PR rumors may be that competitors are trying to divert attention from Binance by buying manuscripts in bulk. She stressed that since the Bitcoin price broke through a new high, Binance has continued to attract the attention of institutional investors, and every month institutions ask whether they are willing to accept investment and cooperation. She also said that Binance does not rule out the introduction of strategic partners and is willing to open up mergers and acquisitions, but if there are plans to sell other trading platforms, please contact us.
Binance will launch spot trading pairs such as BNX/USDC, TRUMP/FDUSD
Binance will launch the spot trading pairs of BNX/USDC, CAKE/USDC, HEI/USDC, TRUMP/FDUSD and TST/FDUSD at 16:00 on February 18, 2025 (East Eighth District Time), and will be open to the above trading pairs simultaneously. Trading robot service.
CoinShares: Net outflow of digital asset investment products last week was $415 million
According to CoinShares' latest weekly data, digital asset investment products have experienced significant outflows for the first time after a record 19-week continuous capital inflows, with a total of US$415 million. The main reason for the outflow is that the hawkish remarks of Federal Reserve Chairman Powell and the U.S. CPI data exceeded expectations, resulting in higher market expectations for interest rates. Bitcoin was most affected by this, with the outflow reaching $430 million. Most of the outflows came from the United States, reaching $464 million, while markets in other countries were relatively unsignificantly affected. Germany, Switzerland and Canada recorded inflows of $21 million, $12.5 million and $10.2 million respectively. Solana is the asset with the most inflows, with $8.9 million inflows, followed by XRP ($8.5 million) and Sui ($6 million). In addition, blockchain stocks have also attracted $20.8 million inflows, and have attracted a total of $220 million inflows this year.
According to Cryptoslate, as of December 31, 2024, institutional investors held 25.4% of the spot Bitcoin ETF managed assets (AUM), with a total amount of US$26.8 billion. Vetle Lunde, head of research at K33 Research, said the proportion of Bitcoin ETF managed assets held by institutional investors increased by 113% from the third to the fourth quarter of 2024. In addition, as total assets under management jumped 69% to US$78.8 billion at the end of the fourth quarter, the proportion of managed assets held by institutional investors also increased by 4.1% quarterly. According to Lunde, the number of investors who contacted Bitcoin through ETFs reached 1,576 last quarter, a quarterly increase of 37.4% and an annual increase of 68.2%. Lunde's data also shows that institutions' interest in BlackRock's IBIT increased by more than 4 times in 2024. At the end of the fourth quarter of last year, institutions held IBIT shares at $16 billion, while the amount held through shares at the end of the first quarter was less than $4 billion, with most of the growth occurring between the third and fourth quarters. According to Bold Report, BlackRock spot Bitcoin ETF has $56.4 billion in assets under management, while all other spot Bitcoin ETFs traded in the United States have a combined $56.9 billion in assets under management.
According to Onchain Lens monitoring, six hours ago, the newly created multi-signature wallet of the Trump family's crypto project World Liberty Finance (WLFI) had withdrawn 10 million USDC from Binance and purchased 200 million WLFIs.
According to Lookonchain monitoring, Barstool Sports founder Dave Portnoy exchanged 5 million USDC compensation from the LIBRA team for 27,688 SOLs and deposited 29,657 SOLs (about 5.29 million US dollars) into Kraken.
Argentina's major stock index fell more than 5.7% over Milei cryptocurrency scandal
According to Reuters, major Argentina stock indexes fell more than 5.7% yesterday due to the impact of a cryptocurrency scandal related to presidential candidate Milei.
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