PA Daily | Ethereum Foundation appoints two co-executive directors; Strategy achieves $2.6 billion in Bitcoin earnings in the first two months of 2025
Reprinted from panewslab
03/02/2025·2MToday's news tips:
1. Macro outlook next week: Non-farm, Powell and Trump are scrambling to steal the show, and the Federal Reserve's bet on interest rate cuts is increasing
2. The Ethereum Foundation appoints Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors
3.Suji Yan issues an ultimatum to hackers on the chain, and if funds are not returned for 72 hours, it will upgrade the law enforcement action
4.CZ releases "crazy idea of token issuance", but says individual token-free issuance plans
5. Vitalik: Ethereum needs a large number of young people with a vision of crypto-punk
6. Michael Saylor: $2.6 billion in Bitcoin earnings in the first two months of 2025
July 2020 US Bitcoin ETF net outflows of about 40,000 BTC, BlackRock set the largest single-month outflow record
8. Data: Pump.fun's expense revenue reached US$75.28 million in February, a month-on-month decrease of 38%
Regulatory/Macro
The dollar held its nearly two-week high after Friday's U.S. inflation data met expectations, and the dispute between Trump and Zelensky also boosted the dollar's safe-haven appeal. U.S. Treasury bonds hit the strongest year since the COVID-19 crisis in early 2020, with the 10-year U.S. Treasury yields close to 4.8% in January now approaching 4.2%, and the two-year Treasury yields fell by 4% intraday, the first time in four months. U.S. stocks almost wiped out the gains in 2025, but rebounded sharply on Friday, narrowing the decline for the second consecutive week. Here are the key points that the market will focus on in the new week:
Monday at 22:45, U.S. February S&P Global Manufacturing PMI Final Value
Monday at 23:00, the US February ISM manufacturing PMI and the US January construction expenditure monthly rate
On Tuesday, 21:50, 2025 FOMC voter and Chairman of the St. Louis Fed Mousalem delivered a speech
On Wednesday at 3:20, FOMC Permanent Voting Committee and New York Fed Chairman Williams delivered a speech at the Bloomberg Investment Forum
Wednesday 21:15, U.S. ADP employment in February
Wednesday at 22:45, the final value of S&P Global Services PMI in February
On Thursday, the Federal Reserve released a Beige Book on Economic Conditions
Thursday at 20:30, U.S. Challenger Corporate Layouts in February
Thursday 21:30 US to March 1st week
Friday at 21:30, the US Seasonally adjusted non-farm employment population, unemployment rate, annual hourly wage rate and monthly rate
FOMC Permanent Voting Committee, New York Fed Chairman Williams and Fed Director Bowman participated in a panel discussion on the U.S. Monetary Policy Forum Report organized by the University of Chicago Booth School of Business
U.S. non-farm employment data for February will be released on Friday, which may be a key indicator that affects the direction of U.S. interest rates. Economists estimate that the U.S. economy added 133,000 jobs in February, down from 143,000 in January; unemployment is expected to remain unchanged at 4%, while average hourly wages are expected to rise by 0.3% month-on-month, down from 0.5% in January. The January PCE report is the last inflation data Fed officials will receive before their next policy meeting March 18-19. After three consecutive meetings at the end of 2024, the Fed will almost certainly keep interest rates stable for the second consecutive meeting this year.
Japanese Finance Minister KATO Katsunobu mentioned the possibility of imposing a 110% tax rate on crypto assets (inheritance tax + income tax + resident tax = 110%) at a House Budget Committee meeting, saying that this may indeed exist under current laws and that "not limited to crypto assets", which "is applicable only when profitable is extremely high."
Project News
Ethereum Foundation appoints Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors
The Ethereum Foundation announced the appointment of Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors to continue to support the growing Ethereum ecosystem. The Ethereum Foundation announced that under the leadership of Hsiao-Wei and Tomasz, it will ensure that Ethereum and the ecosystem can grow, while ensuring that this growth can drive the core values of Ethereum's existence, such as open source, license-free global collaboration, privacy and security.
About 18 hours ago, Mask Network founder Suji Yan sent a message to the hacker: "The FBI, Hong Kong police, Interpol and private security personnel are working internationally, identifying and pursuing you, you have been fully exposed, and evidence of your conduct is in control by us and our law enforcement partners. You have 72 hours to return the stolen funds, otherwise the situation will become uncontrollable. If the funds are returned, we are willing to provide a generous bounty. Once the funds are returned, we will stop all tracking, destroy the collected data and close the case. If you do not return, we will upgrade the enforcement action, blacklist your address globally, and will put you and any accomplices in the legal consequences."
Yuga Labs Lianchuang: Someone used Lightning Loan to forge bids on the Punks market
Yuga Labs co-founder Greg Solano tweeted that someone used Lightning Loan to fake bids on the Punks market.
Previously, CryptoPunks Bot tweeted that the new bid price for Punk 5822 is 8,888 ETH ($19,587,819.67), issued by 0xe62ae5.
Viewpoint
CZ: Once sold property for less than $1 million, it has not affected life after the Bitcoin plunge
Regarding the previous disclosure that he resigned from selling his house in 2013 and devoted himself to Bitcoin, Binance CZ posted a statement on the X platform that the house was sold for less than $1 million. Shortly after purchasing Bitcoin, the price fell from $600 to $200 and maintained for about 18 months. However, he was able to withstand the market decline at that time and could maintain his original moderate living standard. Thanks to his income, his lifestyle was not seriously affected.
CZ releases "crazy idea of token issuance", but says individual token-free issuance plan
CZ posted on X platform that there was a crazy idea of token issuance: What would happen if someone issued tokens with the following token economics?
Initially, 10% of the tokens are unlocked and sold on the market, and the proceeds will be used for the project team to develop products/platforms, marketing, compensation, etc. Each future unlock must meet all the following conditions:
1. Six months after the last unlock.
2. Only when the token price remains above 2 times the previous unlock price for more than 30 days before unlocking.
3. Get up to 5% of tokens each time.
For example, if TGE is priced at $1 in January, by June, if the token price is still below $2, more tokens cannot be unlocked. Assuming the token price is above USD 2 between July 4 and August 3, 5% of the tokens can be unlocked into circulation on August 3. Assume that the price on August 3 is $3. The next earliest unlock time is March 3 next year and will only be unlocked if the price is above $6 for more than 30 days.
The project team has the right to decide to postpone or reduce the size of each unlock. If they don't want to sell more, they don't have to. But each time they can sell (unlock) up to 5%, then they have to wait for at least 6 months and the price doubles again. The project team does not have the authority to shorten or increase the scale of the next unlock. The token will be locked through a smart contract that controls the keys by a third-party. This can prevent new tokens from pouring into the market when prices are low, and also incentivize project teams to build for a long time.
However, CZ emphasized that it has no plans to issue new tokens, it is just an idea of discussion.
CZ: Some projects with new token models may be supported
CZ tweeted to add to the idea of the previous token economic model: "Some projects may try this new token economic model, and I may even support some (not all). Just because adopting this token model does not mean that we will automatically provide support. The token economic model cannot solve all problems, any model may be manipulated, people can sell the top 10% share, the project may fail at any stage, etc. For the success of the project, the basic elements are still needed: products, communities, income, etc. Most importantly, a trusted founder with a sense of mission is needed. The new token economic model previously conceived has some advantages (or at least different) than the existing fixed-time unlocking."
Previous news , CZ released "crazy idea of token issuance", but stated that it had a personal token-free issuance plan.
Musk, who sternly criticized Meme coins on Joe Rogan Experience's latest podcast, called it something similar to a "casino", warned market participants not to devote their lifelong savings to Meme coins. Meanwhile, Musk also talked about Dogecoin, adding that Dogecoin was originally a Meme currency, but it was more like a joke cryptocurrency involving Meme and dogs. Joe Rogan believes that the Meme coin craze is too crazy, especially when people put real money into it.
Vitalik: Ethereum needs a large number of young people with a vision of crypto-punk
"What Ethereum needs is a large number of young people with the same crypto-punk vision, all the old guys are tired and are now entering the next generation," said Ethereum United Vitalik Buterin.
1confirmation founder: 4 of the top ten tokens in market value follow the "crypto VC" script
1confirmation founder Nick Tomaino posted on X platform that over the past decade, the crypto team has raised a large amount of venture capital, followed by large-scale token lockouts, small floating and vigorous marketing to manipulate prices and FDV and attract retail investors. There are no doubt other insider games, such as paid market makers creating liquidity or just intentionally conducting insider bids for tokens, but the most basic "crypto VC" script is:
- Raise over $100 million and hype the deal with a wonderful narrative;
- Launch blockchain;
- Assign 50%+ tokens to internal personnel;
- Create a total supply of more than 100 million tokens;
- Unlock 20% or less of the total supply when the token goes live;
- Execute large-scale paid marketing activities.
Anyway, the script is evaluated, but the truth is that it works very well, 4 of the top 10 tokens in the market cap have executed the script and created more than $250 billion in value. Looking ahead, the biggest question is whether this model will continue to work? But according to the recent Memecoin gouging and selling, there seems to be a long way to go.
Michael Saylor: $2.6 billion in Bitcoin earnings in the first two months of 2025
Michael Saylor, founder of Strategy (formerly MicroStrategy), posted on the X platform that the company achieved $13.1 billion (140,538 BTC) in Bitcoin revenue last year and $2.6 billion (30,702 BTC) in Bitcoin revenue in the first two months of 2025.
Important data
According to Trader T data disclosed, the net outflow of US Bitcoin ETFs in February was about 40,000 BTC, worth about 3.546 billion US dollars. The market situation in February is as follows:
1. The price of Bitcoin fell from US$102,400 to US$843 million, a drop of about 18%;
2. Almost all Bitcoin ETFs have been outflowed;
3. BlackRock IBIT reduced its holdings of about 9,740 BTC, currently holding 573,136 BTC, with an outflow scale of about US$721 million, setting the largest single-month outflow record;
4. Fidelity FBTC outflows US$1.202 billion;
5. Grayscale outflows of US$585 million (GBTC outflows of approximately US$404 million, Bitcoin Mini Trust outflows of approximately US$181 million).
NFT transaction volume fell 28.93% month-on-month to US$107.1 million in the past seven days
According to CryptoSlam data, the total NFT market turnover fell to US$107.1 million, down 28.93% from the previous week. The number of NFT buyers increased by 36.02% to 456,874; the number of NFT sellers increased by 32.81% to 314,871; the number of NFT transactions remained stable, up 0.86% to 1,566,183.
Ethereum online transaction volume plummeted 67.86% to $25.3 million, although the number of buyers increased by 20.27% to 50,056. Bitcoin network sales rose 16.73% against the trend to $24.3 million, while the number of buyers rose 30.71% to 30,203. Mythos Chain network fell 4.79% to $14.7 million, but remained third. Polygon jumped to fourth place with a turnover of $14.2 million, up 45.35%. Solana's network ranked fifth with a turnover of US$12.1 million, up 12.41%.
Sales worth watching this week include:
- Book.io – Dr. Jekyll and Mr. Hyde: $390,410 (600,000 ADA)
- Book.io – Dr. Jekyll and Mr. Hyde (Second Edition): $386,179 (600,000 ADA)
- CryptoPunks #1062: $177,517 (80 ETH)
- CryptoPunks #2948: $139,250 (52.5 ETH)
- Ordinal Maxi Biz (OMB): $110,374 (1.1442 BTC)
According to on-chain analyst Ember Monitor, 62,200 ETH ($138 million) have been laundered since the Bybit hacker resumed money laundering at 3 p.m. yesterday. Now the 499,000 ETH stolen by hackers from Bybit are only 156,000 (US$346 million) left. It is expected to be cleared in three more days.
According to monitoring by on-chain analyst @ai_9684xtpa, the 2018 ETH OG giant whale sold 4,245 ETH again after a week, worth US$9.44 million, and the cumulative number of ETH sold since February 15 has reached 16,499 (US$42.92 million). The address recharged ETH to Binance 8 hours ago was suspected of selling, with ETH costs as low as $194, and would make a profit of $8.62 million if sold.
According to DefiLlama data, Pump.fun's expense revenue was $75.28 million in February, a 38% decrease from January ($121 million).
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