PA Daily | Kaito AI releases KAITO token economics; Argentine Senate asks government to provide a report on LIBRA token scandal
Reprinted from panewslab
02/21/2025·2MToday's news tips:
1. US SEC announces the establishment of network and emerging technology departments to protect retail investors, involving combating crypto asset fraud
2. Canary Fund's "Litecoin ETF" has been added to the DTCC website
3. Grayscale's XRP ETF has been released to the Federal Communiqué, and the US SEC needs to make a decision before October 18
4. Hong Kong will promote the capital market to utilize tokenization technology
5. Kaito AI releases KAITO token economics: the total supply is 1 billion, the foundation accounts for 10%
6.Story releases the latest roadmap: plans to launch new features such as IP portal and certification services in Q2
7. Argentina Senate asks government to provide report on LIBRA token scandal
8.CoinList will be available for Obol token sale on February 25
9. A giant whale has not sold tokens at the PAIN pre-sale list, with a floating profit of US$2.39 million
Regulatory/Macro
According to Jinshi, the number of people who requested unemployment benefits in the United States in the week ended February 15 was 219,000, and the expected number was 215,000, and the previous value was revised from 213,000 to 214,000.
Fox reporter: US SEC is very interested in "pled" and is expected to issue relevant guidance
According to Fox Business reporter Eleanor Terrett, a Fox Business reporter, said on the X platform, sources revealed that the US SEC is very interested in "staking" and even asked the industry to provide a memorandum detailing different types of staking and its benefits. The source expects that in the near future, the US SEC will issue some kind of guidance on staking because it is a topic they are passionate about.
According to the official announcement, the U.S. Securities and Exchange Commission today announced the establishment of the Cyber and Emerging Technology Unit (CETU) to focus on combating network-related misconduct and protect retail investors from bad actors in emerging technology sectors. The CETU, led by Laura D'Allaird, replaces the crypto assets and networking division, consists of approximately 30 fraud experts and lawyers from multiple SEC offices.
Specifically, CETU will leverage its employees’ extensive fintech and network-related experience to combat misconduct related to securities trading in the following priority areas:
- Frauds implemented using emerging technologies such as artificial intelligence and machine learning
- Use social media, dark web or fake websites to commit fraud
- Obtain major non-public information through hacking
- Takeover of retail brokerage accounts
- Fraud involving blockchain technology and crypto assets
- Compliance with regulated entities for cybersecurity rules and regulations
- Fraudulent disclosure of cybersecurity of listed companies
Figure gets SEC approval to issue the first interest-bearing stablecoin
According to Fortune, Figure received the approval of the U.S. Securities and Exchange Commission to issue its first interest-bearing stablecoin, but a spokesperson for the agency did not immediately respond to a request for comment. It is reported that the stablecoin is called YLDS, developed by digital asset company Figure Markets, will be linked to the The dollar is pegged and provides users with a 0.5% rate of return, similar to cash in a savings account.
Canary Fund's "Litecoin ETF" has been added to the DTCC website
Canary Fund’s Litecoin (LTC) ETF is confirmed to be registered with the US Deposit Insurance Company (DTCC) under the code LTCC. Previously, the U.S. Securities and Exchange Commission (SEC) announced that it had officially received the Canary Fund's LTC ETF 19b-4 documents.
Fox Business reporter Eleanor Terrett tweeted that Grayscale’s XRP ETF (19b-4 submission) has been officially released to the Federal Register. This means that the US SEC will enter the review phase from now on and approve or reject it on or before October 18.
Utah Bitcoin Reserves Act Enters Second Senate Review
Legislation that allows Utah to invest in Bitcoin has been adopted by the state Senate subcommittee. HB230 "Blockchain and Digital Innovation Amendment" bill passed the Utah Revenue and Tax Subcommittee on February 20 with a 4-2-1 vote, and is currently underway for a second and third reading, then The Senate finally voted. The Bitcoin Reserves bill has been passed in the House, so if it is approved in the Senate, Utah Republican Gov. Spencer Cox simply signs the bill and Bitcoin can become a national reserve asset.
Hong Kong will promote capital markets to utilize tokenization technology
According to Hong Kong media Ming Pao, Hong Kong Deputy Director-General Wong Wai-lun said that the Hong Kong government will further improve the supervision and framework of virtual assets, continue to promote the wider application of tokenization technology in the capital market, improve relevant system development and formulate industry standards. In addition, Hong Kong is active and proactive in the development of financial technology. For example, in October last year, it issued the "Policy Declaration on the Responsible Application of Artificial Intelligence in the Financial Market" and in December last year, it regulated fiat currency stablecoin issuers and submitted the "Stablecoin Ordinance". draft".
AI
According to The Verge, Microsoft is preparing for the latest model of OpenAI, and GPT-4.5 is expected to be released as early as next week, and Microsoft expects GPT-5 to be released in late May. The updated GPT-5 will make major improvements to the use of ChatGPT, unifying OpenAI's o-series and GPT series models to reduce the confusion of users in choosing models.
DeepSeek will open source 5 code libraries next week
DeepSeek announced today that it will be sourced from 5 code bases in the next week, and new content will be unlocked every day to further share new progress.
According to DeepSeek, the modules of the current online service have been tested and fully deployed and can be put into production environment. The company defines itself as a small company and also said that every sharing will become a strong potential energy, accelerating the journey of industry development. It also says that there is no high ivory tower in this field, only the pure garage entrepreneurship and the innovative power built by the community.
OpenAI launches artificial intelligence brokerage operator in several regions
According to Jinshi, OpenAI said on Friday that it is launching the so-called artificial intelligence brokerage "Operator" to ChatGPT Pro users in Australia, Brazil, Canada, India, Japan, Singapore, South Korea, the United Kingdom and other places, which can perform tasks on behalf of users. OpenAI said that in addition to the EU, Switzerland, Norway, Liechtenstein and Iceland, Operator will provide services in most areas that support ChatGPT. The “Operator” launched in the United States in January this year is one of several “Artificial Intelligence Brokerage” tools on the market, which can accept instructions to do things like booking tickets, booking restaurants, submitting fee reports or shopping on e-commerce websites.
Project News
Kaito AI released KAITO token economics, with a total supply of 1 billion pieces, of which:
- 25%-core contributor;
- 32.2%-ecology and network growth;
- 2%-Binance holders;
- 10%-Initial community and ecosystem application;
- 7.5% - Long-term creator incentives;
- 5%-Liquidity Incentive;
- 8.3%-early supporters;
- 10%-Funded.
Deribit is evaluating a deal with a valuation that could reach $4-5 billion
According to Coindesk, cryptocurrency options exchange Deribit is working with FT Partners to evaluate the acquisition offer, while Bloomberg disclosed that the company's valuation could reach $4 billion to $5 billion or more, and Deribit declined to comment on the relevant information.
According to @ai_9684xtpa monitoring, Wintermute is one of the market makers of the new currency KAITO. 3 hours ago, Wintermute received 1.2 million KAITO from the project party's multiple signing address (accounting for 0.5% of the initial circulation volume), and 400,000 recharges have been made. Enter CEX.
Binance will launch KAITO 1-75 times U-standard perpetual contract
According to the official announcement, Binance Financial Management, one-click buying of coins, flash exchange, leverage, and contracts will be launched on KAITO, and is expected to be launched on KAITO at 21:00 on February 20, 2025 (East Eighth District Time) 1-75 times U Mass Yong Contract renewal.
Coinbase will launch Kaito (KAITO)
Coinbase announced that it will add support for Kaito (KAITO) on the Base network, do not send this asset through other networks, otherwise funds may be lost. If liquidity conditions are met, trading will begin later today. Once the supply of the asset is sufficient, the KAITO-USD pair will be initiated in phases. In some supported jurisdictions, support for KAITO may be restricted.
Crypto exchange Kraken is considering launching stablecoin
According to Bloomberg, people familiar with the matter revealed that Kraken is exploring the development of its own stablecoin. The move is partly due to a competitive gap created by new European regulations that require crypto service providers to remove Tether's USDT and other unlicensed tokens. The person said the token will be pegged to the US dollar and will be issued by Kraken’s Irish division.
[The exchange announced this month that](https://support.kraken.com/hc/en-us/articles/stablecoin-offerings-for-eea-clients "Sea Monster") from March 31, all non-compliant currencies held on Kraken’s European platform will be converted to “equal stablecoins.” If all goes well, the token will not be Kraken’s first foray into the digital dollar space. Late last year, the exchange joined a [coalition](https://www.paxos.com/newsroom/introducing-global-dollar-network-an-open-network-to-accelerate-and-reward-global-stablecoin-adoption-driven-by-anchorage-digital-bullish-galaxy-digital-kraken-nuvei-paxos-and-robinhood "Paxos") called Global Dollar Network, which teamed up with Paxos to launch a stablecoin called USDG. Other members, such as Robinhood and Galaxy Digital, are also developing their own stablecoins.
Meanwhile, Crypto.com unveiled its stablecoin plan in its 2025 roadmap last November, with the goal of launching in the third quarter. In addition, another person familiar with the matter said the exchange plans to launch the token in Europe, and had informed customers that Tether will exit transactions in the region by the end of March last month.
SBF changed political stance in prison and turned to support Trump in an attempt to seek pardon
FTX founder Sam Bankman-Fried criticized the "extremely destructive" politicization of the Biden administration's judicial system in his first interview at the Metropolitan Detention Center in Brooklyn, New York, and tried to Seek President Trump for pardon. He was sentenced to 25 years in prison for one of the largest cryptocurrency fraud cases to date and is currently serving his sentence at the center. Bankman-Fried reiterated the claim that FTX is solveable but lacks liquidity, and the claims that law firm Sullivan & Cromwell is mishandled about bankruptcy proceedings.
Argentina Senate asks government to provide report on LIBRA token scandal
According to TASS, the upper house of Argentina's parliament (Senate) approved a motion to ask the government to provide a report on the $LIBRA cryptocurrency scandal. But the proposal to set up a parliamentary committee to investigate the scandal was rejected. The initiative has been supported by 47 senators, but 48 votes are required to launch the process.
CoinList to be launched on Obol token sale on February 25
CoinList issued an announcement stating that it will start Obol token sales at 1:00 on February 25 (Beijing time), which is a 30% discount compared to the previous round of VC investment. Obol is the foundation of L1 blockchain and decentralized infrastructure networks. Sales details are as follows:
For ordinary users:
- FDV is $125 million
- Token price is $0.25
- 33% unlocked in 6 months after TGE, followed by linear unlocking in 12 months,
For wstETH or weETH holders:
- FDV is $115 million
- Token price is $0.23
- 33% unlocked after 6 months of TGE, followed by linear unlocked for 12 months
- At the same time, users need to hold at least $20 worth of wstETH or weETH on CoinList between 1:00 on March 4 and 1:00 on March 11 to enjoy lower prices and FDV.
Both options purchase limits are at a minimum of $100 and up to $250,000. After the subscription period ends, users who are not selected to receive the allocation will receive funds in their CoinList wallet by 1:00 on March 13. The sale does not apply to the United States, China, Canada and certain other jurisdictions.
The release roadmap of L1 Intellectual Property Blockchain Story, two major technologies will be released in 2025:
Late Q1/Early Q2: An IP portal will be launched, which is the homepage of Story, allowing users to seamlessly register IPs and browse IPs registered in any application on Story. Proof Service will also be launched, a decentralized oracle network that brings IP verification signals (creator identity, infringement detection, etc.) to the chain.
The network will be fully upgraded in the third quarter, and L1 will be enhanced in three dimensions:
- Performance: Faster transactions, higher throughput, more validators
- Products: IPKit Frontend SDK, large file storage, etc.
- Governance: Decentralized, transparent, frictionless upgrade
Musk changed his X account avatar and "The Doge Father" appears in the background
Musk changed his X account avatar to a picture of a hand-held "golden chainsaw" with "The Doge Father" appearing in the background. It is reported that the "golden chainsaw" was presented to Argentine President Mile.
Yu Hu, founder of Kaito AI, an AI-based crypto search engine, posted on the X platform that KAITO staking rewards have been launched, and currently about 10% of tokens have been pledged, with an annualized yield of 70%. It is expected that this yield will gradually return to normal in the next few days, and locked tokens including investors/foundations/teams cannot be pledged. The source of the reward is liquidity incentives, but starting next week, as network expenses increase, this will turn into net consumption, with more practical information about staking coming soon.
According to the official announcement of BNB Chain, BNB Smart Chain (BSC) will perform a Pascal hard fork. The fork is scheduled to be conducted on the Test Network on February 25, 2025, and the mainnet is scheduled to be conducted in mid-March 2025. Pascal hard fork enhances BSC compatibility with Ethereum by integrating key features of Ethereum Pectra upgrades.
Binance Alpha launches B3, FLUID, VVV, TOKEN, DRIFT, CPOOL
According to the official page, Binance Alpha has added B3, FLUID, VVV, TOKEN, DRIFT, and CPOOL.
Viewpoint
QCP Capital posted on TG channel that strong demand for Delta Bitcoin call options from February to April could be caused by short-term bullish sentiment driven by Trump’s statement and speculation around potential strategic bitcoin reserves. Additionally, the 25 Delta implied volatility has shifted to call options tilts for all periods, indicating that the market is preparing for the second phase of the bull market. As inflation concerns eased, the S&P 500 hit a new high and the US dollar index (DXY) fell back to 107 levels, and the macro background seemed to increasingly support risky assets.
Altcoins have attracted widespread attention since Trump took office, with several altcoins-related ETF applications being filed with the U.S. Securities and Exchange Commission (SEC), including XRP’s ETF applications. It is worth noting that Brazilian regulators have approved the world's first spot XRP ETF. It is not yet certain whether this will provide a catalyst for Trump’s ambition to position the U.S. as a global cryptocurrency hub and pave the way for further approval of ETFs in 2025.
Vitalik Buterin said the Ethereum community in Argentina is full of great builders who have contributed some of the most important software to the Ethereum ecosystem. Argentina does have the determination and energy to continue to maintain its current momentum, leveraging cryptocurrencies and other new technologies to build a prosperous 21st century society, and recent news should not be seen as a reason to give up but as an example of such an important education, still Very optimistic about Argentina and Latin America's contribution and role in the crypto field.
Bybit CEO: PI projects are scams, Bybit will not list any projects suspected to be scams
Bybit CEO Ben Zhou tweeted that in 2023, Chinese police issued an official warning about PI, warning the public that it is a scam targeting the elderly, which will leak personal data and lead to the loss of pensions, and several other reports have questioned the project legality. Bybit has not made any listing requests to PI and it is totally nonsense that PI refuses to list Bybit or that Bybit has not passed some kind of PI KYB. If the PI project is true and legal, these questions should be actively responded to, but choose to make up lies and conduct unfounded childish attacks; I still believe that PI is a scam, and Bybit will not list any projects suspected to be scams.
CryptoQuant CEO Ki Young Ju tweeted that the copycat season has begun. There is no direct BTC to altcoin rotation, but stablecoin holders prefer altcoin. The altcoin trading volume is 2.7 times that of BTC. BTC's dominance no longer determines the copycat season, trading volume is. However, this is a very selective copycat season, DYOR.
Important data
According to monitoring by on-chain analyst @ai_9684xtpa, a giant whale on the PAIN pre-sale list has not sold any tokens, with a floating profit of US$2.39 million. The whale invested 20,000 SOLs in pre-sale two weeks ago (4,000 were actually invested after refund, about 860,000 US dollars); after receiving 215,327 PAINs yesterday, it transferred 30,145 to two new addresses and none of them were not available. Sell, the TOP1 address of the current personal position.
A trader bought 6783 $SHADOW 17 days ago, and currently has a floating profit of $1.15 million.
According to Lookonchain monitoring, a trader spent 150,300 S tokens (70,500 US dollars) to buy 6783 US dollars SHADOW 17 days ago. These tokens are currently worth about US$1.22 million, and their current floating profit is $1.15 million.
According to ai_9684xtpa monitoring, the LayerZero Foundation transferred 1 million ZROs to Coinbase 7 hours ago, worth US$3.06 million. The address currently holds 77.91 million ZROs, with a total value of up to US$238 million.
A giant whale earns US$1.72 million by trading Sonic Eco-DeFi Token SHADOW
According to monitoring by lmk.fun (formerly Scopescan), a giant whale has earned US$1.72 million by trading Sonic Eco-DeFi token SHADOW. 20 days ago, the giant whale spent $100,700 to buy 10,324 HADOWs, with an average purchase price of $9.75. Today, 9,300 tokens were sold for a total value of US$1.629 million, with an average selling price of US$175. Currently, 1,000 tokens are still held, worth about US$190,000.
chaincatcher
jinse
