PA Daily | Kaito AI will open KAITO token claim at 20:00 on February 20; Nigeria sues Binance for $81.5 billion
Reprinted from panewslab
02/20/2025·3MToday's news tips:
1. Musk plans to discuss with Trump the DOGE dividend of $5,000 to each American taxpayer
2.Binance.US has resumed USD deposit and withdrawal and transaction services, and will be gradually opened to all users in the next few days.
3. Nigeria sues Binance for $81.5 billion in economic losses and tax payments
4. The "Strategic Bitcoin Reserve" bill in Montana passed the committee's review and entered the House of Representatives voting stage
5.PAIN: The user's refund has been completed, and Harold's own token share will be locked for 20 years
6. Kaito AI will open to apply for KAITO tokens at 20:00 on February 20
7. The Ethereum Foundation launches Open Intents Framework to promote cross-chain interoperability
8.Coinbase adds tokenbot (CLANKER) to the currency roadmap
9. About 86% of traders suffered losses due to LIBRA, with cumulative losses of approximately US$251 million.
Regulatory/Macro
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 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 with 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, will be in the future More transaction pairs are 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
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.
eToro announced that it has obtained a license under the European Market Crypto Assets (MiCA) framework and will be able to provide cryptocurrency trading and custody services in all 30 EEA countries. The license is granted by the Cyprus Securities and Exchange Commission. MiCA regulations require companies to obtain a crypto Asset Service Provider (CASP) license, which was fully effective in December 2023, establishing a unified legal framework for crypto services that applies to 27 EU member states, as well as non-income countries such as Iceland, Liechtenstein and Norway. EU countries.
US SEC confirms receiving 21 Shares' proposal to pledge Ethereum ETF
Nate Geraci, president of The ETF Store, tweeted that the U.S. SEC has confirmed that it has received a 19b-4 file submitted by Cboe, which seeks to approve the staking feature in the 21Shares Core Ethereum ETF.
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.
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.
Trump: Executive Order has been signed to end the previous "strike" of Bitcoin and cryptocurrency
According to King Shi, Trump said: I have signed an executive order to put the United States in the field of artificial intelligence and end the previous government's "crutiny" against Bitcoin and cryptocurrencies, marking a new era of digital assets advent.
Financing
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.
Stablecoin liquidity provider Mansa completes a $10 million seed round, led by Tether
According to TechCrunch, stablecoin liquidity provider Mansa announced that it had completed a $10 million seed round of financing, led by Tether. This round of financing includes equity and debt financing. Tether contributed $3 million in equity financing, and the new funds will support the company to The expansion of Latin America and Southeast Asia, where liquidity challenges in these regions also limit cross-border transactions.
AI
Musk: Grok 3 will be open to all users for free in the short term
xAI tweeted that Grok 3 is now available for free (until the server crashes). X Premium+ and SuperGrok users will be able to use Grok 3 more, and advanced features such as voice mode are available in advance. In response, Musk said that in a short period of time, Grok 3 will be open to all users for free.
Previous news , Grok 3 is now open to all Premium+ subscription users.
Project News
Ouyi OKX will launch KAITO (Kaito) spot trading pair
According to Ouyi OKX announcement, the platform will launch KAITO (Kaito), and the specific time schedule is as follows:
- Coin recharge opening hours: February 19, 2025 at 18:00 (UTC+8)
- Call Bidding Time: February 20, 2025, 20:00 - 21:00 (UTC+8)
- KAITO/USDT Spot Trading Opens: February 20, 2025 21:00 (UTC+8)
- Withdrawal opening hours: 10:00 on February 21, 2025 (UTC+8)
Kaito AI is building an InfoFi network powered by artificial intelligence, allowing the market to more effectively redistribute attention and capital while rewarding all participants.
Kaito AI will open for KAITO token application at 20:00 on February 20
Kaito AI, a cryptocurrency data analysis platform based on AI, will open KAITO application at 20:00 (UTC+8) on Thursday, February 20, and the token economic model will be released before the application is opened. KAITO token trading will be officially launched at 21:00 on February 20 (UTC+8).
Plasma announces support for Tether's seamless cross-chain stablecoin USD₮0
According to the official announcement of Plasma, USD₮0 will receive support on the first day of the launch of the Plasma main network, making Plasma seamlessly connect with US$141 billion USD₮ on multiple blockchains such as Ethereum, Tron, TON, and Arbitrum. USD₮0 is the core infrastructure of Tether stablecoin, aiming to provide cross-chain deployment and secure transfer solutions to achieve zero-fee transfer.
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.
Coinbase adds tokenbot (CLANKER) to the currency roadmap
According to the official announcement, Coinbase added tokenbot (CLANKER) to the currency roadmap.
PAIN: User refund has been completed, Harold's token share will be locked for 20 years
Solana Chain Meme Coin PAIN tweeted that as promised previously, 80% of the 185,976 SOLs raised have been refunded successfully, and all funds sent after block 318346069 (i.e. PAINSALE ends). Harold's token share will be locked for 20 years until unlocked in 2045. According to token economics, the total supply of PAIN is 10 million, of which 50% are allocated to Harold himself, 20% are used for pre-sales, 15% are used for liquidity, 10% will be allocated to the community, 5% will be allocated to cooperation .
Previous news , PAIN stated that 80% refunds and airdrops will be automatically issued to qualified wallets, and users do not need to apply manually.
Bithumb will launch KAITO in the Korean won market
According to the official announcement, South Korean crypto exchange Bithumb will launch KAITO in the Korean won market.
Binance Financial will remove some dual-currency investment trading pairs
According to the official announcement, according to the latest review results, Binance will remove the following dual-currency investment trading pairs on February 21, 2025 (East Eighth District Time Zone):
- ALGO: ALGO/USDT, ALGO/USDC
- ATOM: ATOM/USDT, ATOM/FDUSD, ATOM/USDC
Please note: After removal, users will be unable to subscribe to these transaction pairs; existing subscriptions will not be affected and will be settled normally at expiration.
OKX will launch KAITO leveraged trading, perpetual contracts and simple currency earning
According to the official announcement, OKX will officially launch the KAITOUSDT perpetual contract on the web, app and API on February 20, 2025 at 10:00 pm (UTC+8), and will be 12:10 pm ( UTC+8) Launch leveraged trading of KAITO and make money simply.
The premium when the new contract is launched is relatively unstable. In order to avoid unreasonable charges for funding fees, the upper limit for the calculated funding rate before 00:00 am (UTC+8) on February 21, 2025 is 0.5%, and February 21, 2025 After 00:00 am (UTC+8), the upper limit of the calculated fund rate will be adjusted back to the normal 1.5% [the actual time for the fund fee collection in this period will be 4:00 am (UTC+8) on February 21, 2025] . If there is a deviation in the price of this contract, the capital fee rate will be adjusted as appropriate according to the market conditions.
zkLend announced compensation plan, deposits in unaffected pools are expected to receive full funds, deposits in affected pools will receive partial funds, and zkLend's claim positions in recovery pools are expected to be 2 weeks after review of the Recovery Claims Portal The withdrawal process begins within time. Reimbursement will be paid in full by available liquidity in each unaffected pool and if a shortage occurs in one unaffected pool (due to relatively high usage), it will be supplemented by the remaining liquidity in other unaffected pools to make up for the shortage. . All cumulative surpluses from unaffected funds pools will be liquidated and distributed proportionally to each affected funds pool, and partial repayment will be proportionally based on the remaining liquidity of each pool plus such reallocation (socialized) surplus. .
zkLend said that after the team donation, the total funding gap decreased to about $9,013,101.72323417.
Binance Contract Summarization Will Add 50 U-Mark Perpetual Contracts
According to the official announcement, Binance Contract Success will add the following U-standard perpetual contracts at 08:00 on February 20, 2025 (UTC):
1MBABYDOGEUSDT, ACHUSDT, ACTUSDT, AGLDUSDT, ALPACAUSDT, ANIMEUSDT, API3USDT, ARKUSDT, AUCTIONUSDT, B3USDT, BAKEUSDT, BANUSDT, BERAUSDT, BIOUSDT, BSWUSDT, COWUSDT, EIGENUSDT, ETHFIUSDT, GLMUSDT, GOATUSDT, GPSUSDT, HEIUSDT, IOUSDT, IPUSDT, KASUSDT, LAYERU SDT, LISTAUSDT, MELANIAUSDT, MOODENGUSDT, PEOPLEUSDT, PIPPINUSDT, PNUTUSDT, POLUSDT, RENDERUSDT, RPLUSDT, SHELLUSDT, SPELLUSDT, SUSDT, SWELLUSDT, SYNUSDT, TAOUSDT, THEUSDT, TROYUSDT, TSTUSDT, USTCUSDT, USUALUSDT, UXLINKUSDT, VINEUSDT, VVVUSDT, XVSUSDT.
Viewpoint
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.
Musk: "DOGE dividend" will not trigger inflation
Trump said he was considering sending some of the money saved by Musk's cost-cutting plan directly to Americans, and James Fishback, co-founder of investment firm Azoria, suggested the federal government earlier this week on social media. Based on the amount saved by the Department of Government Efficiency (DOGE) to issue tax refund checks, he suggested that Trump should work with Congress to establish a "DOGE dividend" or tax refund check backed by $400 billion, which is equivalent to 20,000 yuan. DOGE saves 20% of its target.
It is reported that Musk's team is working hard to implement significant budget cuts and layoffs in federal agencies. Musk said that "DOGE dividends" will not trigger inflation because funds come entirely from spending cuts, and the beneficiary groups are mostly taxes that are prone to savings. Man, his goal of cutting $2 trillion in federal spending is "the ideal result."
Vitalik: Ethereum priority should be to improve interoperability between L2
Vitalik Buterin said in an AMA event that Ethereum priorities should be to improve interoperability between L2s, because there are not many Stakeholders and everyone has a common interest, so the process will be much simpler. Then it can be expanded to do more cross-crypto interoperability, even from cryptocurrencies to fiat currencies.
Important data
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.
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.
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.”
PAIN team related address sells $2.53 million tokens in the past 7 hours
According to @ai_9684xtpa monitoring, the PAIN team's affiliate address has sold $2.53 million worth of tokens in the past 7 hours. Address DjTrV...1a24a sold 107,212 PAINs at an average price of $23.66, traced the source of its funds as the team's pre-sale related address, rather than issuing 20% of the coin holding address of the airdrop, and the tokens were transferred three times before shipment.
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