PA Daily | Panic and Greed Index hit a new low since June last year, Binance HODLer airdrop launches MyShell (SHELL)
Reprinted from panewslab
02/27/2025·2MToday's news tips:
Today's Panic and Greed Index fell to 10, hitting a new low since June 2024
Circle issues another $250 million, with Solana totaling $8.5 billion in 2025
Binance HODLer airdrop launches MyShell (SHELL)
Coinbase incorporates Cookie DAO (COOKIE) into the listing roadmap
Berachain has appointed former Polygon Labs CTO Paul O'Leary as new chief technology officer
Metaplanet to issue 2 billion yen zero-interest ordinary bonds to purchase BTC
DTCC lists the first batch of Solana futures ETFs, codes $SOLZ and $SOLT
FBI: North Korean hacker group "TraderTraitor" steals Bybit's $1.5 billion crypto assets
Regulatory/Macro
Metaplanet to issue 2 billion yen zero-interest ordinary bonds to purchase BTC
Japanese listed company Metaplanet announced that it has decided to issue the seventh series of ordinary bonds to EVO FUND, with a total amount of 2 billion yen. The bond will be used to purchase Bitcoin. The bond is a zero-interest bond with a face value of 50 million yen each. It is planned to be redeemed in full on August 26, 2025, and bondholders are allowed to redeem in advance.
Bitwise Aptos ETF is officially registered in Delaware, with the entity type as a statutory trust
According to the Delaware company registration information, Bitwise Aptos ETF was established in Delaware on February 25, 2025. The entity type is a Statutory Trust, classified as a General Entity, and the registration agent is CSC Delaware Trust Company, with a registered address located in Wilmington, DE. This registration information suggests that Bitwise may plan to launch ETFs with Aptos (APT)-based assets, but has not yet received regulatory approval or listed transactions.
DTCC lists the first batch of Solana futures ETFs, codes $SOLZ and $SOLT
The US Depositary Trust and Clearing Corporation (DTCC) has listed the first batch of Solana futures ETFs issued by Volatility Shares, namely: • $SOLZ (Volatility Shares Solana ETF) • $SOLT (Volatility Shares 2X Solana ETF)
U.S. House Committee pushes to repeal new IRS DeFi tax rules, industry says it is "unfeasible"
According to CoinDesk, the U.S. House of Representatives Funding Committee passed a resolution with a 26-16 vote, launching the repeal of the IRS' new tax regulations on decentralized finance (DeFi) platforms. The resolution must be approved by the House and Senate majority and signed by the president before it can take effect. The IRS approved a transaction reporting system in December 2024 to incorporate the DeFi protocol into the traditional broker tax framework, which has been widely opposed by the crypto industry. Several agencies jointly signed an open letter calling on Congress to abolish the policy. Senator Ted Cruz has submitted a supporting resolution in the Senate. Republican lawmakers believe that the provision goes beyond legal mandates and will increase compliance burdens for U.S. taxpayers and IRS, while Democratic lawmakers believe it helps ensure crypto transactions are taxed under law. It is estimated that repealing the rule will reduce tax revenue by $3.9 billion over the next decade.
Trump: 25% tariffs will be announced soon
US President Trump: It will soon announce tariffs on the EU. There may be a 25% tariff, which will apply to cars and all other items.
FBI: North Korean hacker group "TraderTraitor" steals Bybit's $1.5 billion crypto assets
According to the FBI announcement, the FBI confirmed that North Korean hacker group "TraderTraitor" was responsible for the $1.5 billion crypto asset theft on Bybit Exchange on February 21. The FBI said that hackers have converted some of the stolen funds into Bitcoin and stored them in a variety of blockchain addresses. It is expected to be exchanged into fiat currency through money laundering channels in the future. The FBI urges RPC node operators, exchanges, DeFi service providers and blockchain analytics agencies to block addresses related to TraderTraitor to prevent further circulation of stolen assets. At the same time, the FBI listed several Ethereum addresses related to the organization and called on companies to cooperate with law enforcement agencies to jointly combat North Korea's cybercrime.
U.S. Treasury Secretary hires Galaxy Digital adviser Tyler Williams to take charge of crypto policy
U.S. Treasury Secretary Scott Bessent has appointed Galaxy Digital regulatory consultant Tyler Williams as his digital asset and blockchain policy advisor, CoinDesk reported. Williams served as Deputy Assistant Secretary of the Treasury from 2018 to 2020, focusing on digital asset regulation and has worked in the Senate and House of Representatives. The appointment comes as the Ministry of Finance and the Ministry of Commerce promotes the creation of a sovereign wealth fund, which may involve digital assets. U.S. President Trump signed an executive order earlier this month asking the Treasury and Commerce Department to study the establishment of digital asset reserves. Although Bitcoin has not been explicitly mentioned, the government may include it as part of its national reserve strategy.
U.S. court documents show that the SEC jointly filed a motion with Justin Sun, the Tron Foundation, the BitTorrent Foundation and Rainberry in the Federal Court of the Southern District of New York, requesting a suspension of the SEC's fraud lawsuit against Sun and Tron to consider "potential solutions." The document states that suspending the lawsuit is in the interests of all parties and will not cause harm to either party or the public. It can also avoid the court's decision on Tron's motion to dismiss the lawsuit and save judicial resources. If the judge approves, the case will be suspended for 60 days, during which both parties need to submit a joint status report. The SEC sued Sun and its affiliates in 2023, accusing it of suspected market manipulation, fraud and issuance of unregistered securities. The application is similar to how the SEC handles the Coinbase and Binance cases, which may indicate that the two sides are approaching a settlement.
MARA Holdings announces Q4 2024 financial report, revenue growth of 37% year-on-year
Bitcoin mining company MARA Holdings released its Q4 2024 financial report. The company's revenue this quarter reached US$214.4 million, a year-on-year increase of 37%, and its annual revenue reached US$656.4 million, a year-on-year increase of 69%. Net profit increased by 248% year-on-year to US$528.3 million, and net profit increased by 107% to US$541 million. • Direct energy costs are $28,801 per bitcoin and $0.039 per kWh. • Total hash rate increased by 115% year-on-year to 53.2 EH/s. • Bitcoin holdings grew 197% to 44,893 BTC (approximately US$4.6 billion), of which 10,374 BTC were lent or used as a loan guarantee. • A total of 2,492 BTC was mined in Q4 and 15,574 BTC was purchased through zero-interest convertible premium notes. • The company did not sell any bitcoins on Q4.
SEC terminates investigation into Gemini Trust and takes no enforcement action
SEC documents show that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Gemini Trust Company, LLC and decided not to take enforcement action. Gemini co-founder Cameron Winklevoss confirmed on social media that the investigation lasted 699 days and was notified by Wells 277 days ago. Winklevoss criticized the SEC's regulatory actions for causing huge losses to the crypto industry, accusing the agency of enforcing the law without making clear rules, resulting in high legal costs and economic losses for companies. He called on the government to carry out regulatory reforms, including asking the SEC to compensate affected companies with triple legal fees, fire relevant law enforcement personnel, and prohibiting those who abuse regulatory power from taking office again. The agency (SEC) has withdrawn its lawsuit against Coinbase and terminated its investigation into OpenSea, Robinhood and Uniswap.
Financing
Phantom acquires SimpleHash to enhance wallet real-time currency data function
According to Phantom's official announcement, Phantom has acquired SimpleHash, a leading token data platform, which provides real-time and comprehensive blockchain data analysis. The acquisition is Phantom's third acquisition in eight months, aiming to enhance users' token data experience. SimpleHash supports more than 80 blockchains and has high concurrency processing capabilities. It will provide Phantom wallet with more accurate real-time price, NFT metadata updates and market activity monitoring, and strengthen spam token detection. Officials said that the integration will optimize the user experience and make wallet data faster, more accurate and secure. SimpleHash has notified existing customers that the current service will be gradually shut down.
QuickNode launches $65 million Layer 2 accelerator, with Google participating with Coinbase Ventures
According to The Block, Web3 infrastructure provider QuickNode announced the launch of the "RollOut" accelerator program, with a scale of $65 million, aiming to support the next-generation Layer 2 project. The program will be launched in March to provide participants with technical tools, financial support and industry resources. Partners include more than 30 institutions including Google, Coinbase Ventures, Dragonfly, Arbitrum, Chainlink, Fireblocks and Protocol Labs. RollOut will provide training in ecological construction, community development, token economics and market strategy, and provide data availability grants and security audit discounts for selected projects. QuickNode expects that by 2030, the Layer 2 market size may reach US$1 trillion. It hopes to use the program to incubate high-quality projects and promote decentralized application (dApp) innovation.
AI
Nvidia's Q4 revenue soars 78% to $39.3 billion, strong demand for AI chips
Nvidia's quarterly revenue grew significantly, surpassing Wall Street expectations as demand for Nvidia's AI-specific chips surged. The company's Q4 fiscal year 2025 revenue increased by 78% year-on-year to US$39.3 billion, up from the market's expectations of about US$38 billion. NVDA.O's net profit in fiscal year 2025 was US$22.091 billion, with market expectations of US$19.611 billion, compared with US$12.285 billion in the same period last year. Nvidia said it expects revenue in the first quarter of fiscal 2026 to be $43 billion, roughly in line with Wall Street's expectations of about $42 billion. Nvidia CEO Jensen Huang said the demand for Blackwell is amazing because inference artificial intelligence adds another law of expansion - adding training computing to make models smarter, and adding long-term thinking computing to make answers smarter. Nvidia's stock price once rose by more than 3.5% after the market closed.
Project News
Cobo, a digital asset custody and wallet technology provider, announced the launch of the Safe{Wallet} collaborative signing service, where users can independently resolve and risk control Safe multiple signing transactions within the custodial address, further improving transaction security. This solution introduces Cobo address MPC or Web3 wallet to participate in signatures in Safe{Wallet}. As an independent third party, Cobo guarantees to use independent signature solutions with other signers to avoid single-point risk for each signer relying on a common infrastructure. At the same time, combined with Cobo's powerful risk control system, abnormal detection is carried out on each transaction to promptly prevent potential unexpected behaviors, and transaction audit and cross-verification are realized through the crypto asset security protection system Cobo Guard, effectively preventing data tampering or forgery, and ensuring the authenticity and effectiveness of the transaction.
Binance HODLer airdrop launches MyShell (SHELL)
Binance announces the 10th project of its HODLer Airdrops program, MyShell (SHELL). The total airdrop of this time was 25 million SHELL (accounting for 2.5% of the total supply), and another 25 million SHELL will be airdropped 6 months later. The total issuance of SHELL is 1 billion pieces, and the first batch of circulating volume is 270 million pieces (accounting for 27%). From February 14 to 18, 2025 (UTC), users who subscribe to BNB to Simple Earn or On-Chain Yields will receive airdrops, and the tokens will be issued 1 hour before the transaction starts. Binance will launch MyShell (SHELL) at 21:00 today (UTC+8), and open SHELL/BTC, USDT, USDC, BNB, FDUSD, and TRY trading pairs.
Coinbase incorporates Cookie DAO (COOKIE) into the listing roadmap
According to Coinbase Assets, Coinbase has added Cookie DAO (COOKIE) tokens to its listing roadmap.
Coinbase launches Morpho (MORPHO), supports Ethereum and Base networks
Coinbase announced that it will launch Morpho (MORPHO) tokens and supports Ethereum (ERC-20) and Base networks. Users need to make sure they transfer money on the right network, otherwise it may lead to loss of funds. MORPHO's deposits are now open, and the transaction is expected to start at 1 a.m. Beijing time on February 28 (9 a.m. PT time on February 27). The specific time depends on liquidity conditions. The MORPHO-USD pair will be launched in stages, but some regions may be subject to transaction restrictions.
Berachain has appointed former Polygon Labs CTO Paul O'Leary as new chief technology officer
The Berachain Foundation announced that Berachain officially appointed Paul O'Leary as Chief Technology Officer (CTO). O'Leary served as the CTO of Polygon Labs and has 20 years of entrepreneurial and executive experience in the fields of blockchain and big data. Since joining Berachain early this year, O'Leary has led the team to promote the launch of the main network. He will use his extensive experience in engineering management to promote Berachain.
Ondo Finance collaborates with Mastercard to introduce RWA to MTN
According to Ondo Finance announcement, Mastercard has included Ondo Finance in its multi-token network (MTN), becoming the first real-world asset (RWA) provider on the network. Ondo's Short-term U.S. Treasury Fund (OUSG) will be the first tokenized RWA solution on MTN, enabling businesses to obtain daily earnings and flexible cash management services on-chain. This integration allows MTN enterprise users to access OUSG directly on the public blockchain and settle through traditional banking channels without the need for additional cryptographic infrastructure. OUSG is supported by BlackRock BUIDL Fund and institutions such as Franklin Templeton and WisdomTree to provide stability and liquidity.
Viewpoint
WOO CEO: The Meme coin craze is coming to an end, and AI will play an important role in DeFi
In a recent interview, Jack Tan, co-founder and CEO of WOO, shared his vision for the WOO ecosystem and his future prospects for the crypto market. He said that WOO's goal is to become a decentralized CME and provide users with a fair and interesting trading environment. Regarding future development, he believes that AI will play an important role in DeFi, especially in personalized services and risk warnings. He also pointed out that the complexity of DeFi and blockchain needs to be simplified through AI, ultimately promoting the popularity of Web3. Speaking of market trends, Jack Tan believes that the free market will evolve itself and value will eventually return. He is optimistic about the long-term development of value coins and believes that the Meme coins craze is coming to an end. In addition, he expressed optimism about the potential of the Asia-Pacific market, believing that if Hong Kong further relaxes its policies, it will occupy a more important position in the global crypto ecosystem. For crypto novices, he suggests to gradually understand the market through learning and practice, while believing that the threshold for entry in the future will continue to lower due to the emergence of new products.
10x Research founder Markus Thielen said in a client report on Wednesday that in the worst case scenario, Bitcoin could fall to the $72,000 to $74,000 range and that the region is expected to be a potential rebound point. He pointed out that there is a lagging correlation between Bitcoin price and global central bank liquidity indicators, which may have an impact on market trends. Currently, the price of Bitcoin has rebounded from its previous low of $82,000 to $86,000. Thielen found that $82,000 is a potential demand zone by analyzing the on-chain indicator “short-term holder realization price” (i.e. the average purchase price of wallets that hold currency for less than 155 days). Historical data shows that in bull markets, bitcoin rarely falls below this indicator for a long time, while in bear markets, it may continue to fall below this level. Thielen added that the consolidation pattern in the summer of 2024 showed that Bitcoin had fallen below the indicator $9,620. If a similar pattern reappears, Bitcoin may stabilize around $82,000 and usher in a stable period. The indicator is currently at $92,800, and the market will closely monitor its support role on prices.
According to the Financial Times, Matt Hougan, chief investment officer of crypto asset management firm Bitwise, pointed out that Ethereum prices have fallen 23% in the past month, while Solana, the token that carries most of the Meme currency blockchain, has fallen 42%. Cryptocurrencies are currently digesting the end of the Meme coin craze, and the market will continue to be dragged down before institutional interest in cryptocurrencies resumes. In addition, traders are becoming increasingly frustrated as Trump has not implemented some of the reforms he promised in his campaign faster, and sentiment turns to disappointment as major support for cryptocurrency policies rolls out at a slower pace than expected.
According to ICP founder Dominic Williams, North Korean hackers recently successfully stole $1.5 billion of Bybit's funds, mainly to exploit the web-side vulnerability of Safe{Wallet}, which is hosted on the cloud rather than on smart contracts. Williams criticized some Web3 projects for running only on "fake onchain", which leads to security risks, and recommended using ICP (Internet Computer) for on-chain computing, data storage and user experience verification to improve security. He proposed that Safe{Wallet} be moved to ICP and adopt cryptographic authentication mechanisms and multi-party consensus governance (such as SNS DAO) to enhance security. Related Reading: Is Safe wallet Safe? Quick view of Bybit evidence collection investigation report
FTX bankruptcy legal fees approach $1 billion, close to the historical level of Lehman Brothers case
According to Cointelegraph, the legal and consulting costs of the FTX bankruptcy case have accumulated to $950 million, making it one of the most expensive bankruptcies in U.S. history, second only to the Lehman Brothers case. Among them, the restructuring consultant Alvarez & Marsal costs were close to US$400 million, the legal counsel Sullivan & Cromwell costs more than US$300 million, and John Ray's consulting company costs nearly US$10 million. Overall legal and financial advisory fees continue to grow, with the final cost expected to exceed $1 billion.
Important data
32,000 ETHs were transferred to Binance, worth over US$75.28 million
According to Whale Alert monitoring, about 32,000 Ethereum (ETH) were transferred from unknown wallets to Binance at 15:01, with a total transaction value of approximately US$75.287 million.
FalconX deposits 340,000 SOLs worth US$46.8 million in multiple CEX exchanges
According to Lookonchain monitoring, about 30 minutes ago, FalconX deposited 340,000 Solana (SOL) into Coinbase, Binance, OKX and Bybit, with a total value of approximately US$46.8 million.
According to SoSoValue data, on February 26 (East Time), Bitcoin spot ETFs had a net outflow of US$755 million in a single day, and funds had been outflowed for seven consecutive days. Among them, Grayscale Bitcoin Trust ETF (GBTC) had a net outflow of US$22.6573 million in a single day, a cumulative net outflow of US$22.255 billion in a historical cumulative net outflow of US$55.9694 million in a single day, and a cumulative net inflow of US$1.051 billion in a historical cumulative net inflow of US$1.051 billion. As of press time, the total net asset value of Bitcoin spot ETFs reached US$95.162 billion, the ETF net asset ratio (market value proportion) was 5.69%, and the historical cumulative net inflow was US$37.123 billion.
According to SoSoValue data, on February 26 (East Time), the net outflow of Ethereum spot ETF in a single day was US$94.2662 million, and funds have been outflowed for five consecutive days. Among them, Grayscale Ethereum Trust ETF (ETHE) had a net outflow of US$3.3126 million in a single day, with a cumulative net outflow of US$4.044 billion in a historical cumulative net outflow of US$0, while Grayscale Ethereum Mini Trust ETF (ETH) had a net outflow of US$0 on the same day, with a cumulative net inflow of US$605 million in a historical cumulative net inflow of US$605 million. As of press time, the total net asset value of Ethereum spot ETFs reached US$8.556 billion, the ETF net asset ratio (market value proportion) was 3.03%, and the historical cumulative net inflow was US$2.931 billion.
Safe (SAFE) has risen 32.5% in the past 24 hours and is now at $0.6728
Coingecko data shows that Safe (SAFE) tokens have risen 32.5% in the past 24 hours and are now at $0.6728 per coin.
According to Onchain Lens monitoring, a whale shorted ETH with 50 times leverage on HyperLiquid, and its current floating profit has exceeded $62.4 million. The whale not only profits from falling ETH prices, but also earns additional income from capital rates, achieving two-way profits.
Circle issues another $250 million, with Solana totaling $8.5 billion in 2025
According to Onchain Lens monitoring, Circle issued an additional USDC of 250 million on Solana network nine hours ago. As of now, Circle has issued a total of US$8.5 billion in USDC on the Solana chain in 2025.
Today's Panic and Greed Index fell to 10, hitting a new low since June 2024
According to Alternative.me data, the cryptocurrency panic and greed index fell to 10 today (21 yesterday), a new low since June 2024, with a rating of extreme panic. Note: The threshold of the Panic Index is 0-100, including indicators: volatility (25%) + market transaction volume (25%) + social media popularity (15%) + market survey (15%) + Bitcoin's proportion in the entire market (10%) + Google Hot Word Analysis (10%).
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