Important information last night this morning (February 7-February 8)
Reprinted from panewslab
02/08/2025·3M
U.S. regulators are conducting tokenization pilots, using stablecoins as collateral
Caroline Pham, acting head of the Commodity Futures Trading Commission, is pushing for a stablecoin-backed tokenization pilot program, a forthcoming summit will invite Coinbase, Ripple, Circle, Crypto.com and other numbers, according to CoinDesk. Executives of the Asset Company participated. The specific date and further details of the Digital Asset CEO Forum have not been determined yet. Last November, Fan proposed the idea of a tokenized regulatory sandbox through his advisory committee, the Global Markets Advisory Committee, but the agency's former leadership did not adopt it. Acting Chairman Pham said in a statement Friday: "I am pleased to announce this groundbreaking move to the U.S. digital asset market. I look forward to working with market participants to deliver on the Trump administration's ability to ensure the U.S. leads in economic opportunities." Global Commitment.” According to the agency, this plan, based on what Fan calls “responsible innovation” philosophy, will drive the use of non-cash collateral through distributed ledger technology. Pham's advisory committee had expected to allow market participants to try non-traditional collateral in its recommendation last November. "By improving the operating infrastructure of assets that already qualify for regulatory margins, blockchain or other distributed ledger technologies (DLTs) can help reduce or eliminate some of the challenges without changing collateral eligibility rules. Market participation Those can also use their existing policies, procedures, practices and processes to identify, evaluate and manage risks of using DLT, as they do with other forms of market infrastructure and technology.”
US Florida Senator proposes Bitcoin Investment Act
According to The Block, Senator Joe Gruters, Republican of Florida, filed a bill Friday that would allow the state to invest in Bitcoin and other cryptocurrencies. According to the filings, the senator advised Florida's chief financial officer to use public funds to "invest Bitcoin and other digital assets for specific purposes." Gruters' bill outlines Florida's chief financial officer "investment in bitcoin must not exceed 10% of the total funds of any account." Some of the public sources of funding mentioned in the bill that can be used to invest in Bitcoin include general income funds, budget stability funds, trust funds, and "all institutional funds for every state agency and judicial department." The bill also proposes “authorizing state administrative committee trustees to invest and reinvest available funds from system trust funds in Bitcoin…and stipulate that public funds invest in Bitcoin are not subject to certain security requirements.” Last October, Florida Chief Financial Officer Jimmy Patronis said the state holds about $800 million in “crypto-related” investment. He also said that if Trump becomes president, the amount of state investment in crypto assets may increase.
Members of Kentucky and Maryland respectively proposed Bitcoin Reserves
As Utah became the first state to pass legislation to allow public funds to be invested in crypto assets, two more state lawmakers joined the ranks this week: Kentucky and Maryland, CoinDesk reported. While the moves in these states are widely related to what is known as the “Strategic Bitcoin Reserve” program at the Republican-led federal level, states have proposed their own measures, and how state funds are invested in digital assets vary. This week, Maryland Democratic Representative Caylin Young introduced a new bill to promote the establishment of a strategic Bitcoin reserve, similar to what U.S. Senator Cynthia Lummis envisioned. In Maryland, the reserve will be funded through law enforcement revenues for gambling violations. Kentucky legislation is also introduced this week, with two bills currently allowing state pension funds to invest in digital asset ETFs. These bills will also set barriers to the use of central bank digital currency (CBDC). The other 15 states are weighing the legislation in the midterm, with more states expected to follow up, and two other states — Michigan and Wisconsin — have invested some of their pension funds in crypto ETFs. So far, 22 states have enacted bills, are seriously discussing proposals or have begun investing in cryptocurrencies.
US SEC postpones BlackRock Ethereum ETF option trading decision to April 9
According to The Block, the U.S. Securities and Exchange Commission (SEC) posted on Friday whether to approve BlackRock's decision to list and trade options on its spot Ethereum ETF. According to the filings, the SEC said it will decide on April 9, 2025 whether to approve or refuse to allow BlackRock's iShares Ethereum Trust to conduct options trading. "The Commission believes it is necessary to designate a longer time to issue an order to approve or reject the proposed rule changes so that there is enough time to consider the proposed rule changes and the issues it raises." Also on Friday, the SEC said on Cboe BZX The exchange's proposal to list and trade options on its spot Ethereum ETFs submitted on behalf of Fidelity is solicited for public comment. These comments must be submitted within 21 days of the publication of the Federal Register.
According to Caixin, nearly two years after being investigated, Hao Gang, former deputy director of the Beijing Local Financial Supervision and Administration Bureau, was sentenced to 11 years in prison in the first instance. According to Caixin's knowledge from multiple channels, Hao Gang was involved in Bitcoin money laundering; in addition, he also assisted executives of a leading Bitcoin mining company to lift border control and accept bribes of tens of millions of yuan. On February 6, 2025, the Second Intermediate Court of Beijing publicly pronounced the case of Hao Gang accepting bribes and money laundering in accordance with the law, and sentenced the defendant Hao Gang to eight years in prison for accepting bribes and a fine of RMB 500,000; it was sentenced for money laundering. He was sentenced to four years in prison and a fine of RMB 800,000. He decided to be sentenced to eleven years in prison and a fine of RMB 1.3 million. The illegal gains and interest from bribery will be recovered, confiscated, and handed over to the state treasury.
After the seasonal adjustment of the United States in January, the non-farm employment population was 143,000, with an expected 170,000, compared with the previous value of 256,000. The U.S. unemployment rate in January was 4%, with an expected 4.1% compared with the previous value of 4.1%.
Tornado Cash developer Alexey Pertsev has been temporarily released by Dutch court
Alexey Pertsev, one of the developers of Tornado Cash, was temporarily released on Friday after nine months in a Dutch prison, but he still faces a 64-month (5 years and 4 months) deal, according to Bitcoin.com. sentence. In a recent positive turn of events, the court released Alexey Pertsev and placed him under house arrest and electronic surveillance until his trial date. Pertsev posted on X platform: "Freedom is priceless. My house arrest can only be achieved through the efforts of lawyers. They are paid with your donations. My struggle is not over yet. For the final victory and confidence, I We still need help from everyone." Previously, Tornado Cash developer Alexey Pertsev was allowed to be released in a conditional manner in order to appeal.
Trump: DeepSeek is a very positive development, not a bad thing
According to the financial community, US President Trump said in his opinion on DeepSeek and whether it poses a national security threat that this is a technology that is being developed and that if it is developed correctly, we will benefit from it because of the labor involved now It is a good thing that smart costs will be much lower than people initially thought. Trump stressed that it is regarded as a very positive development, not a bad thing.
Alibaba people deny rumors of investing in DeepSeek
Alibaba has denied rumors of investing in DeepSeek. Relevant people said that as well as a company in Hangzhou, China, we applaud DeepSeek, but the information circulating in the outside world about Alibaba's investment in DeepSeek is fake news.
Meta will conduct company-wide layoffs starting next week
According to Jin Shi, an internal memo shows that Facebook owner Meta Platforms (META.O) plans to conduct expected layoffs company-wide next week while accelerating the recruitment of machine learning engineers. The memorandum shows that layoff notices in most countries, including the United States, will be issued from 5 a.m. local time on Monday. Employees in Germany, France, Italy and the Netherlands are not affected by layoffs “due to local regulations”, while employees in more than a dozen other countries in Europe, Asia and Africa will be notified between February 11 and February 18.
Solayer has opened LAYER token short investment inquiry
The Solayer Foundation announced on the X platform that the LAYER token short investment query is now open. Previously, yesterday's news, Solayer announced the economics of LAYER tokens: the maximum supply of 1 billion coins, 51.23% is allocated to the community and ecology.
According to The Block, American rapper Kanye West said on social media that he hopes to have a conversation with Coinbase CEO Brian Armstrong on "cryptocurrency-related matters." Prior to that, he revealed that he had received a $2 million proposal to issue tokens, but he rejected the proposal and stopped working with the proposer. According to the chat screenshots released by Kanye, this cooperation requires Kanye to promote a RUG disk Meme coins with a prepayment of US$750,000. After 8 hours of posting, Kanye can announce that his account has been stolen and pay another US$1.25 million after 16 hours of posting. Behind the scenes The blacklist said that this cooperation can make tens of millions of dollars.
According to CoinDesk, DCG founder and CEO Barry Silbert is making a big bet on decentralized artificial intelligence (deAI), calling it "the next major era for cryptocurrencies" and its potential may even outweigh Bitcoin. In a letter to shareholders from the cryptocurrency group Digital Currency Group (DCG), he led, Silbert expressed strong optimism about deAI: This is an effort by the crypto industry to integrate artificial intelligence innovation with blockchain technology. He believes that this technology convergence may bring greater rewards to humans than closed systems developed by OpenAI and other giants. "We are moving from digital ownership of assets to smart decentralized ownership, and the availability of huge decentralized computing resources," Silbert wrote in the fourth quarter letter. It said the company has already reached more than a dozen deAI projects," he said. I have invested US$105 million and I am looking forward to increasing investment in 2025. He specifically mentioned DCG's investment in Bittensor, an crypto network focused on machine learning and AI applications, and he wrote that Bittensor's TAO tokens have many similarities with Bitcoin. DCG plans to invest heavily in supporting the Bittensor ecosystem. Silbert pointed out that in November, DCG set up a company called Yuma to incubate Bittensor's infrastructure projects. In addition, another DCG company, Grayscale, now also offers investment products related to TAO.
Layer3 gaming network B3 will launch B3 tokens and airdrop on February 10
According to Decrypt, the Layer3 gaming network built on Base announced on Friday that it will launch its recently announced B3 token on February 10, accompanied by airdrop activity. Snapshots of network activities will be taken before the planned "S1 Airdrop", and there will be more airdrops, tournaments and gamifications to earn B3 in the future. According to posts on X platform, stakeholders of B3 will receive certain benefits, including tokens for a dedicated game chain, experience new games on the network ahead of time, and other potential rewards. The post also briefly introduces token economics: 34.2% of the token supply will be allocated to communities and ecosystems, 23.3% will be allocated to teams and consultants, 22.5% will be used to support the Player1 Foundation for the B3 ecosystem, and 20% will be reserved To investors. Tokens for investors, team members and consultants will have a lock-in period for one year before unlocking monthly for the next three years. The total supply of B3 has not been announced yet.
Telegram game TapSwap will launch its TAPS token on BNB Chain instead of TON network
According to Decrypt, TapSwap, a Telegram-based click-to-money game, announced that its upcoming TAPS token will be released on BNB Chain instead of the originally planned TON network. The game was originally scheduled to complete token airdrops in late January, but recently said it had postponed the token release based on the recommendations of an unnamed "level one" decentralized exchange in a bid to find better market conditions. However, after completing the first season of the game on February 6, the project decided to advance the token release on BNB Chain, which is expected to take place on February 14, according to X posts earlier this week. "Releasing TAPS tokens on BNB Chain will increase speed, security and accessibility, making TapSwap more attractive to players and investors," the project said. Users will be based on their overall engagement with TapSwap click-to-money games Come earn upcoming tokens. However, in the future, the game plans to transform from click-to-money mode and integrate skills-based gameplay. In early January, Telegram and TON announced an exclusive agreement that requires all mini games or apps that integrate cryptocurrencies to use TON exclusively. However, while TapSwap has previously promoted a partnership with TON, it did not mention Telegram or any migration plans in its token release announcement.
Coinbase adds MORPHO, PENGU, POPCAT to the roadmap for currency listing
According to Coinbase Assets announcement, Morpho Token (MORPHO), Pudgy Penguins (PENGU) and Popcat (SOL) (POPCAT) have been added to the currency roadmap today.
Vitalik Buterin posted on social media that he would respect Apple more if Apple publicly promises to withdraw from the UK market without avoiding cryptocurrence. He stressed that if Apple takes this move, he will purchase and use an additional Apple device (currently only owns AirPods). Earlier reports said that the British government asked Apple to create a backdoor that allows security agencies to access encrypted iCloud backups of users around the world and prohibits Apple from notifying users of their data security. At the same time, the US NSA, FBI and other institutions have recommended strengthening end-to-end encryption to protect network traffic, but the UK has not joined the initiative.
Story Protocol announces token economic model, 58.4% will be allocated to the community
Story Protocol, a16z-powered Layer 1 network, announced its economic model for its native token IP to support the upcoming mainnet launch. The initial supply of IP tokens is 1 billion, of which 58.4% will be allocated to the community (including initial incentives, ecosystems and foundations), ensuring widespread participation and decentralized ownership. 21.6% were allocated to early investors and 20% were allocated to core contributors. In addition, the initial unlock supply is set to 25%. Officials said that the pledge mechanism will follow the "fair launch principle" and will not provide additional rewards to the foundation or early contributors. All community members can obtain pledge benefits simultaneously. Story Protocol was developed by PIP Labs and completed a US$80 million Series B financing in August last year, led by a16z, with Polychain Capital, Stability AI director Scott Trowbridge, K11 founder Adrian Cheng and others participating in the investment.
BlackRock increases its stake in Strategy to 5%, while STRK rises 5% before the market
According to CoinDesk, BlackRock (BLK) disclosed in its latest 13G filing that its shareholding in Strategy (MSTR) has increased to 5%, about 11.2 million shares, compared with the September 30, 2024 4.09% increased by 0.91%. 13G files are usually used to disclose passive investments, i.e. investors have no intention of influencing or controlling the company. Meanwhile, Strategy's permanent preferred stock (STRK) has been listed on Nasdaq, with trading up 2% on the first day, trading volume exceeding 650,000 shares, and trading up 5% on pre-market trading.
CNBC: SoftBank is currently investing $40 billion in OpenAI with a valuation of $260 billion
According to CNBC: SoftBank is currently investing $40 billion in OpenAI with a valuation of $260 billion.
Later, SoftBank may replace Microsoft as OpenAI's largest investor .
OpenAI Ilya Sutskever's AI company will be valued at more than $20 billion in new round of financing
Source: OpenAI co-founder Ilya Sutskever's new artificial intelligence startup will be valued at more than $20 billion in a new round of financing. In June last year, OpenAI Lianchuang Ilya Sutskever established a new artificial intelligence company SSI.
According to PRNewswire, experiential reward technology company Superlogic announced the completion of the first round of A round of $13.7 million, led by Powerledger. Investors include Sangha Capital, 10SQ, Nima Capital, Actai Unicorn Fund, Hyla Liquid Vent ure Fund, Liquid 2 Ventures, etc. . In addition, blockchain and corporate funds such as Amex Ventures, Galaxy Interactive, Mirabaud Lifestyle Impact and Innovation, Recharge Capital also participated in the investment. This round of financing has brought Superlogic's total equity financing of more than US$21 million, which will accelerate its provision of white label experience technology to global brands. Superlogic uses AI-driven technology to provide customers with personalized reward experiences, and helps brands improve user loyalty through API integration or white label platforms. Powerledger Executive Chairman Dr. Jemma Green joins the board of directors to promote Superlogic's business expansion in sustainable development.
Prodigy.Fi completes a $5 million seed round and is funded by Berachain Foundation
According to the official announcement of Prodigy.Fi, the decentralized income and on-chain dual investment trading platform Prodigy.Fi announced that it had completed a $5 million seed round of financing led by Quantstamp and Republic, with Arbelosxyz, PANONY Group, RSK Capital and Samara Alpha participating. This round of financing will be used to promote its DeFi income mining and trading product development on Berachain. In addition, ProdigyFi has received RFB funding from the Berachain Foundation and plans to allocate 10%-15% of BERA to test network users as a reward.
Riot Platforms grew against the trend, with Bitcoin production reaching 527 in January
According to CoinDesk, Riot Platforms (RIOT) mined 527 Bitcoins (BTC) in January, the highest monthly output since December 2023, up 2% month-on-month. In contrast, most major mining companies saw production declines in January, such as MARA Holdings (750 BTC, down 13%), Cleanspark (626 BTC, down 6%), Core Scientific (13%), Hut 8 (down 31%) %)wait. Miners are generally affected by the rising difficulty of Bitcoin mining, which is expected to hit a record high on February 9, exceeding 108.11T. Despite the intensification of challenges, Riot CEO Jason Les said the company has achieved production increase for two consecutive months. Cipher Mining shares have risen 27% year-to-date, with RIOT, IREN and CLSK also recording double-digit gains, while Bitdeer (BTDR) has fallen 25%.
According to the Uniswap Labs announcement, the monthly transaction volume of the Uniswap protocol on the Base chain hit a new high, with the total transaction volume reaching US$20.81 billion in January 2025.
According to Lookonchain monitoring, a giant whale is increasing its holdings of Uniswap (UNI). In the past 4 days, the address has withdrawn a total of 1.7 million UNIs from Binance, worth approximately US$15.54 million.
Grayscale address abnormal movement: Over US$360 million BTC large-scale transfer
On-chain data shows that multiple addresses under Grayscale have just undergone large-scale Bitcoin (BTC) transfers, with a total amount of over US$360 million, involving 4,457 BTC. The maximum transfer amount for a single transaction is 694,019 BTC (approximately US$67,96 million), and other large transactions include 6,926,84 BTC (67,83 million), 6,336,91 BTC (62,05 million), 5,574,57 BTC (54,59 million), 5,493,36 BTC (53,79 million US dollars) )wait. All funds were transferred to multiple new addresses, and the specific purpose is not yet clear.
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