Important information last night this morning (February 19-February 20)
Reprinted from panewslab
02/20/2025·3M
Musk plans to discuss with Trump the $5,000 DOGE dividend to every American taxpayer
Musk said on X (formerly Twitter) that he would consult President Trump about the "DOGE dividend" plan, which recommends using the money saved by the Department of Government Efficiency (DOGE) to distribute it to every taxpayer household, according to Forbes. $5,000 tax refund.
The proposal was proposed by investment firm Azoria CEO James Fishback, and plans to subsidize about 79 million tax-paying households by DOGE. As of Monday, DOGE claimed to have saved $55 billion, with funding sources including anti-fraud, contract cancellation, asset sales, government spending cuts, etc. Musk initially responded that "I will confirm with the president," but then added that the final decision is in Trump's hands.
According to Vitalik Buterin's response on warpcast, he believes that Ethereum is both a Bitcoin-style decentralized currency and can also become a "world computer", and emphasizes that decentralization and censorship resistance are the core of Ethereum's long-term value.
Regarding the Rollup expansion route, Vitalik said that Ethereum currently adopts the L1+L2 hybrid model, but it still needs to define which transactions are suitable for L1 and which ones are suitable for L2. He warned that "everything is put in L2" may weaken ETH's store of value and trading medium status, while also having difficulty coping with the demand for cross-L2 operations.
Regarding the centralized sequencer, Vitalik believes that it has the advantages of preventing rush, providing instant confirmation, and reducing the difficulty of applying the link, but there are still problems of anti-censorship and decentralization. Therefore, he supports solutions based on Forced Inclusion and ZK/Optimistic mechanisms to balance efficiency and decentralization.
Regarding Ethereum 3.0, Vitalik clarified that there is currently no ETH 3.0 concept, but L1 optimization (improving Gas Limit, Stateless Verification, enhancing cross-L2 interoperability and Blob expansion) is still advancing. He pointed out that the problem of insufficient L1 transaction fees for L2 paying L1 should not be viewed in the short term, and it is expected that as the Blob target increases from 3 to 128, the L1 fee contributed by L2 may reach 256,000 ETH per year.
According to Binance.US announcement, the platform has resumed USD (USD) deposits and withdrawals and transactions on February 19, 2025, and will gradually be open to all eligible users in the next few days.
Recovered dollar-related features include:
• USD deposit and withdrawal: Users can deposit or withdraw USD through bank account (ACH), with zero handling fee.
• Buy and sell cryptocurrencies using USD: Support bank transfer (ACH) to purchase cryptocurrencies directly.
• USD and cryptocurrency swap: Instant conversion of USD and cryptocurrency.
• Recover 10 USD trading pairs: including BTC/USD, XLM/USD, DOGE/USD, SOL/USD, ETH/USD, ADA/USD, HBAR/USD, SHIB/USD, SUI/USD, BNB/USD, future More trading pairs will be added.
• Fixed investment function: Supports automatic purchase of cryptocurrencies every day, weekly, biweekly or monthly.
The exchange stopped the (USD) service more than two years ago (February 13, 2023) due to increased scrutiny by regulators.
Franklin Templeton launches tokenized U.S. Treasury Fund to European Investors
According to CoinDesk, Franklin Templeton announced the launch of its first fully tokenized U.S. Treasury fund in Luxembourg, providing opportunities for European institutional investors to participate.
The fund is based on the Stellar Lumens (XLM) network and has been approved by the Luxembourg regulator to be used by institutional investors in Austria, France, Germany, Italy, Liechtenstein, the Netherlands, Spain and Switzerland.
Universal, a16z, completes $9 million in financing
Universal completed a $9 million round of financing led by a16z. Universal aims to enable all types of crypto assets to be traded on a crypto trading network through deep liquidity, thereby enhancing asset access to developers and end users. More than $800 million in uAsset has been traded since the launch of Universal Protocol.
Fluent Labs completes $8 million financing, led by Polychain Capital
Blockchain developer Fluent Labs announced the completion of a $8 million financing led by Polychain Capital to build its Ethereum Layer 2 hybrid execution network. The financing also received support from several institutions such as Primitive, dao5, Symbolic Capital, and investors include well-known angel investors such as Balaji Srinivasan and Mustafa Al-Bassam. Fluent plans to use the funding to expand its core engineering team and support infrastructure development for its ecosystem and test network.
Fluent aims to help developers seamlessly build applications across multiple blockchain ecosystems by converging WebAssembly (Wasm), Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM) applications into a unified execution environment.
Monad Test Network is now online
Ethereum-compatible Layer 1 public chain Monad was announced on the X platform that the test network is now online.
Pump.fun deposited 65,122 SOL to Kraken about 3 hours ago, worth approximately $10.97 million
According to Onchain Lens monitoring, 3 hours ago, Pump.fun deposited 65,122 SOL to Kraken, worth $10.97 million. A total of 1,235,043 SOL has been transferred to date this year, worth $247,52 million. Overall, Pump.fun has made a profit of 2,930,093 SOL and is currently worth $495.36 million.
Nigeria sues Binance for $81.5 billion in economic losses and tax reimbursement
Nigeria has filed a lawsuit seeking to force Binance to pay $79.5 billion in economic losses as Binance said the losses were caused by its operations in Nigeria and paid $2 billion in additional court documents, according to Reuters. Taxes. After cryptocurrency websites became the preferred platform for trading local Naira currencies, authorities blamed Nigeria's currency plight on Binance, the world's largest cryptocurrency exchange, and detained two executives of the company in 2024.
Phemex hacker transfers some funds to coin mixers such as Tornado Cash
According to The block, on-chain data shows that the stolen funds caused by the Phemex vulnerability are being transferred last month. The hacker (or more likely a group of hackers) began to split some of the ill-gotten gains into new addresses and transfer the tokens to Tornado Cash.
According to a report released by Swiss blockchain analytics firm Global Ledger, hackers first transferred more than 2,080 ETH (worth about $6 million) to 14 new addresses. The remaining ETH in the main Ethereum wallet associated with this attack is less than 4,000 ETH.
Like the initial hacking of the Singapore exchange, the transfer appears to be conducted by a group of people with rich on-chain experience, which involves multiple jumps and interacts with multiple different protocols and platforms. For example, a newly created wallet received 601.34 ETH in five independent transactions, and then integrated the funds into another new address on the cross-chain token bridge Across Protocol. These funds are further confused when sent to the second Across address.
In addition to transferring directly to Tornado Cash and eXch mixers to anonymize funds, hackers sometimes use platforms such as Wintermute, DLN Trade protocol and THORChain to exchange assets.
Global Legder notes that while a small portion of the funds also flows to platforms such as OKX and CoinEx (which may be cashed out), most of the funds transfers use on-chain tools such as Bitget's bridging services and ChangeNOW wallets.
Ethereum Foundation launches Open Intents Framework to promote cross-chain interoperability
The Ethereum Foundation announces the launch of the Open Intents Framework, a modular open source framework for building and deploying intent product experiences. Rather than building an intent infrastructure from scratch, developers can easily customize and deploy intent-based protocols with a modular set of abstractions, including solvers and composite smart contracts. The framework aims to promote cross-chain interoperability, supports more than 30 teams to promote together, simplify the process by which any chain passes intent to users, and improves the cross-chain user experience. The framework provides flexibility to solve key components such as solutions and settlements in a modular way, allowing developers to select the most appropriate part based on their needs without relying on a single vendor.
DeepSeek related persons refute rumors about financing
According to Jin Shi, citing Tencent Technology, in response to foreign media reports that "DeepSeek is considering raising external funds for the first time", DeepSeek related people denied the rumors, and the financing news was all rumor.
According to Satoshi Action Fund, Montana's "Strategic Bitcoin Reserve" bill was passed during committee deliberations and entered the House of Representatives voting stage.
Previous news , House of Representatives Act No. 429 of Montana will authorize the Investment Committee to invest up to $50 million in precious metals, digital assets with an average market value of more than $750 billion in the previous year and stablecoins by July 15, 2025 . These funds must be held by qualified custodians or through an exchange-traded fund.
Coinbase adds tokenbot (CLANKER) to the currency roadmap
According to the official announcement, Coinbase added tokenbot (CLANKER) to the currency roadmap.
According to Bloomberg, research firm Nansen said about 86% of traders lost money after investing in LIBRA “on the platform” by Argentina President Javier Milei. The company analyzed the winners and losers of Libra tokens in a report, which said the cumulative loss of Libra tokens was estimated at $251 million, while a few profitable traders made a total of $180 million.
"We see very conclusive on-chain evidence that a group of 'insiders' unilaterally from participating retail investors," Nansen researcher Nicolai Sondergaard wrote in a report analyzing over 15,000 crypto wallets with gains or losses of more than $1,000. Make a profit on it.”
Trump's crypto project WLFI buys 200 million WLFIs and about 548,000 SEIs
According to Onchain Lens monitoring, the multi-signature wallet created by Trump's crypto project World Liberty Finance (WLFI) has withdrawn 10 million USDC from Coinbase to purchase 200 million WLFI. They also spent 125,000 USDC to buy 547,990 SEI for an average of $0.228.
