Weekly | The White House will hold its first cryptocurrency summit on March 7; the US SEC announced that it has lifted civil enforcement actions against Coinbase; CME plans to launch SOLANA (SOL) futures on March 17
Reprinted from chaincatcher
03/02/2025·2MCompiled by: Luan Peng, ChainCatcher
“What important events happened this week (2.24-3.2)”
According to Certik Alert monitoring, an abnormal fund transfer occurred in the Ethereum contract 0x9A79f4105A4e1A050Ba0b42F25351D394fA7E1DC, and the receiving address 0x3ac96134fb0e42a52d33045aee50b89790f05ed0 received approximately US$49.5 million and is converting the funds into a stablecoin Dai. The specific details are that the account 0xc49b5e5b9da66b9126c1a62e9761e6b2147de3e1 was hacked and the address 0x8e9b was granted permission to withdraw all funds. The attacker has exchanged all funds for 17,696 ETH (worth $49 million). The community feedback was made by the infini contract, and the official infini staff responded that the investigation was being processed and the losses will be paid in full.
The community feedback was made by the infini contract, and the official infini staff responded that the investigation was being processed and the losses will be paid in full.
2.Solana Lianchuang toly expressed support for SIMD-0228 proposal
Solana co-founder Anatoly Yakovenko (toly) said he supports the SIMD-0228 proposal. Previously, David Grider, partner at Finality Capital Partners, believes that the argument mentioned in the SIMD-0228 proposal is flawed, and he believes that high pledge returns are not good for DeFi returns; inflation increases selling pressure, and should be judged based on network expenses; high pledge rewards reduce the demand for ETFs; pledge returns are not optimized in US taxes like capital gains; higher pledge returns will not lead to higher prices; the relevant pledge formula will optimize the pledge ratio to solve security problems (in its opinion, this is the most important security risk and flawed method).
David Grider also said: "The proposal does raise the right questions. How much inflation is needed? But we have other questions to answer before making a change. Let's slow down and do more work to understand the impact," toly said: "This is crucial, and lowering inflation will actually slow down the process."
SIMD-0228 introduces a market-driven release mechanism based on the staking participation rate. This mechanism adopts a static curve to reduce the total issuance rate through the square root coefficient of the staking participation rate.
Christian, founder of Infini, tweeted: "A friend joked that my journey was so smooth. I said I was always ready to face the first disaster. I didn't expect that the person who happened to be in trouble immediately after bybit. The personal private key was not leaked, and it was negligence when transferring permissions before. In the final analysis, it was my own responsibility. This time I woke up the alarm. There is no problem with liquidity at present, and I can pay in full and the funds are being investigated."
4.Anti-Musk protests broke out in many places in the United States
Anti-Musk protests broke out in many parts of the United States, part of a growing opposition from North America and Europe to Musk’s subversive role in Washington.
Trump and Musk critics hope to oppose Musk, the leader of the world's most valuable automaker, by cracking down on and blasting Tesla's purchases. Liberal groups have organized anti-Tesla protests for weeks to spark opposition to Musk and inspire Democrats who remain frustrated after Trump's victory last November.
Federal prosecutors have sued a woman in connection with a series of incidents that destroyed Tesla dealerships in Colorado, including throwing Molotov molten bottles at vehicles and spraying the words "Nazi cars" on buildings. Police said nine people were detained but did not disclose the charges they faced.
Tesla shares have fallen nearly a third since Trump took office, although still higher than they were a year ago. According to Forbes, Musk's current net worth is $359 billion, while his net worth in 2024 is $195 billion.
5.Nearly 15% of Brazilians will consider replacing bank account functions with cryptocurrencies
According to News.bitcoin, a survey by YouGov, an international online research data company, shows that nearly 15% of Brazilians will consider replacing their bank account functions with cryptocurrencies. 14.7% of respondents were willing to accept this possibility, with 5.7% agreeing to make the decision, while 9% tend to agree to the arrangement. However, more than 60% of people still object to the use of cryptocurrency instead of banks: 39.7% absolutely disagree, and 21.7% tend to disagree with this idea.
This should be a catalyst for banks to change their business with their clients, according to David Eastman, managing director of Yougov’s Latin America operations. This will affect the revenue of these financial institutions in the assumption that these clients do leave, cutting their substantial revenue in the process.
6.Bybit hackers only have 156,000 ETH left. The remaining funds may be emptied within 3 days.
According to on-chain analyst Ember Monitor, the Bybit hacker has resumed money laundering activities since 3 p.m. yesterday and has laundered 62,200 ETH (about $138 million).
Of the 499,000 ETH stolen by the hackers from Bybit, only 156,000 (about 346 million US dollars) remained untreated.
According to the current money laundering speed, it is expected that all the remaining stolen funds will be cleared within three days.
7.Market News: Nasdaq has submitted 19b-4 application documents for Grayscale DOT ETF
According to market news, Nasdaq has submitted 19b-4 application documents for Grayscale DOT ETF.
8.The 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.
9.Aya Miyaguchi will be promoted from executive director of the Ethereum Foundation to chairman
According to official news, Aya Miyaguchi announced that it will soon end its work as executive director of the Ethereum Foundation and begin a new role as chairman of the foundation.
Aya posted that the role of the Ethereum Foundation has never controlled or owned all areas of Ethereum. Instead, its responsibility is to maintain Ethereum's values and ensure that Ethereum remains resilient not just as a network, but as a broader ecosystem of people, ideas and values that "will never become a product of an organization ."
Aya encourages the team to keep in mind a key principle: the Ethereum Foundation must continue to evolve, just as Ethereum itself is a living dynamic entity. But development like traditional companies must be avoided, because the goal is not to let the foundation "win" - but to let Ethereum win for a long time while sticking to its core values.
10.Michael Saylor: Reaching $2.6 billion in Bitcoin earnings in the first two months of 2025
Michael Saylor, founder of Strategy (formerly Micro Strategy), posted on the X platform that the company achieved $13.1 billion (140,538 BTC) in Bitcoin earnings last year and $2.6 billion (30,702 BTC) in Bitcoin earnings in the first two months of 2025.
Jup iter founder Meow published a long article explaining the future
development plan and long-term strategy of JUP tokens. Meow proposed to focus
on the "GOAT framework" (governance, transparency, organic, and collaboration)
and announced three key measures:
First, an independent audit agency will be entrusted to conduct a
comprehensive audit of the founder, vault and tokens, and all results will be
announced through the new official website jup.com to strengthen transparency.
Secondly, the "Litterbox Trust Fund" was established, promising to inject 50%
of the agreement revenue into the fund in the next two years to strategically
accumulate JUP. Finally, Meow proposed the 2030 incentive plan, voluntarily
using the 280 million JUP held by individuals for new team incentives, and
promised not to receive any tokens by 203. Whether or not you can receive a
500 million JUP reward will be entirely determined by the community's vote on
their performance.
Jup iter also disclosed three business pillars: aggregation trading platform
Jup. ag, community ecology Jup iverse and cross-chain network Jup net,
emphasizing that the long-term interest binding of ecological participants
will be achieved through the token mechanism. Meow said that the series of
measures aim to demonstrate the team's determination to advance and retreat
together with the community, break the short-term profit-seeking inertia of
the crypto industry, and strive to build a "future value network belonging to
Jup iverse." At present, the relevant proposals have been submitted to DAO for
discussion, and the final implementation must be approved by community voting.
12.Vitalik: Ethereum needs a large number of young people with a vision of crypto-punk
Ethereum co-founder Vitalik Buterin said on X platform: "What Ethereum needs is a large number of young people with a vision of crypto-punk. All OGs are exhausted, and now we will look at the next generation."
Binance founder Changpeng Zhao posted a message saying that he usually does not criticize other industry participants, but the incident report released by Safe uses vague language to cover up the problem. After reading, there are more questions than answers, and the questions that come to mind for the moment include:
—What does "break the Safe {Wallet} developer machine" mean? How did they crack this particular machine? Is it social engineering, viruses, etc.?
—How do developers access the "Account operated by Bybit"? Some code is deployed directly from this developer machine to prod?
—How did they trick Ledger verification steps in multiple signers? Is it a blind sign? Or is the signer not verified correctly?
—Is USD 1.4 billion the largest address managed using Safe? Why don't they target others?
—What can other "self-hosted, multi-signature" wallet providers and users learn from it?
14.The White House will hold its first cryptocurrency summit on March 7
According to DEGEN NEWS, the White House will hold its first cryptocurrency summit on March 7.
ConsenSys founder Joseph Lubin announced on the X platform that Consensys has agreed in principle to reject the securities enforcement case regarding MetaMask, and the US SEC will submit a valid closing agreement to the court.
Joseph Lubin added that ConsenSys will now be able to invest 100% in recovery, and 2025 will be the best year for Ethereum and Consensys to date, and the transition to a more decentralized world paradigm is accelerating.
16.Trump's New Metaverse and NFT project name may be "Megaverse"
According to the U.S. Patent and Trademark Office, Trump's New Meta Universe and NFT projects are said to be "Megaverse".
17.US SEC announces that it has lifted civil law enforcement actions against Coinbase
According to market news, the US Securities and Exchange Commission (SEC) announced that it has lifted civil law enforcement actions against Coinbase (COIN.O).
The case dates back to June 2023 (two years after Coinbase went public), when the SEC sued Coinbase, which accused Coinbase of merging three normally separate functions, broker, exchange and clearing agencies, in violation of U.S. securities laws.
18.Market News: CME Group plans to launch SOLANA (SOL) futures on March 17
According to market news, CME plans to launch SOLANA (SOL) futures on March 17.
19.US SEC Qualification: Memecoin does not belong to securities, investors must bear their own risks
The SEC Corporate Financing Regulatory Department has issued guidance on memecoins, saying they do not belong to securities, but are similar to collectibles.
The department believes that the transactions regarding meme coins described in the guidelines do not involve securities issuance and sales under the federal securities laws. Therefore, individuals involved in the issuance and sale of meme coins do not need to register their transactions with the Commission under the Securities Act of 1933, nor do they need to comply with the registration exemption clauses in the Securities Act. Therefore, buyers or holders of meme coins are not protected by federal securities laws.
SEC Commissioner Caroline A. Crenshaw released Crypto 2.0: Regulatory Whip, which pointed out that enforcement actions against Coinbase have damaged the credibility of SEC law enforcement, making people mistakenly believe that law enforcement will deploy law enforcement resources in a way that is in favor of wealthy people, which has attracted criticism and sowed the seeds of distrust of the government.
The SEC's role is to do the right thing for investors, issuers and capital markets.
“What are some great articles worth reading this week (2.24-3.2)”
Recently, from publicly boycotting Meme coin fraud scams, to being exposed to preparing YZY tokens, to suspected X account being sold, Kanye West's behavior is full of contradictions and doubts. Is he a chess piece under the celebrity effect or a carefully planned trader? Is the fanatical speculation trend in the crypto market being pushed into a new "harvest" model?
This article will comprehensively sort out the Kanye coin issuance storm and uncover this mystery about the world of traffic, capital and crypto.
Kanye West (now known as Ye, also known as Kanye) is a legendary figure who crosses the boundaries of music, business and fashion. He has won 24 Grammy Awards and was twice selected as one of the top 100 figures in Time magazine. His music has changed the entire hip-hop industry.
At its peak, Kanye West became the richest black man in the United States with a net worth of $6.6 billion. In January, Eton Venture Services confirmed that his net worth is still as high as $2.77 billion after evaluating Ye's music copyright and its exclusive ownership of the YEEZY trademark.
On the evening of February 21, the exchange Bybit encountered the largest theft incident in history, and many institutions and individuals extended a helping hand to help Bybit through the crisis. Although the crisis is temporarily under control, the next key task is to try to track and intercept hacker funds and recover stolen assets.
However, over the past two days, the eXch platform has cleaned up more than 29,000 ETH stolen by Lazarus hackers from Bybit. This platform immediately attracted widespread attention in the crypto circle, and many users said that despite being in the industry for many years, they had never heard of the eXch project before.
So, what kind of platform is eXch? What role did it play in this incident?
On February 17, MAITRIX, a protocol that supports the use of AI tokens to mint stablecoins, launched a test network.
The testnet also launched its first AI stablecoin, Aethir USD (AUSD), which allows users to mint using the token ATH of the decentralized GPU project Aethir, each AUSD is pegged to the USD 1:1.
Currently, the test network has opened up AUSD casting and pledge sectors. According to its official information, about a week after it went online, MAITRIX has attracted more than 130,000 people to register, and TVL is about 1.28 million US dollars.
Cabal Town is built on Telegram where users can receive and discuss instant alphas from their favorite callers and make transactions directly without leaving group chats. Cabal Town was founded in 2024. In July of the same year, Cabal Town announced that it had joined TON Accelerator and began to deploy an ecosystem on Telegram. The Cabal Town program was just launched on February 1 this year. The founder and team information has not been disclosed yet.
In Cabal Town, "Callers" (the people who share Alpha) can create their own secret organizations. Users can immediately trade on the Alpha shared by Callers, and Callers can make profits from it. Users can also track Callers' performance to identify who consistently performs well.
According to official Cabal Town tweet, "This is a social trading super cycle. Although the general consensus is that this is a memecoin super cycle, we believe that this cycle is the beginning of many social trading super cycles. The rise of Pump.fun allows everyone to issue tokens to gain liquidity and attention, but the key to the "alpha" token that can stand out is the "king maker" behind it - Token Callers.
Every successful memecoin is often the beginning of a new narrative, with at least one influential "Callers" gathering attention: for example Murad with $SPX6900 and $GIGA, Ansem with $WIF, Him Gajria with $FARTCOIN - or Musk with $DOGE. Callers' quality determines the success of a token. ”
With the election of US President Trump, the stablecoin track has exploded. Trump issued an executive order in his first few days in office to promote the adoption of dollar-backed stablecoins, while Congress is enacting a bill to provide a regulatory framework for U.S. stablecoins. Large financial companies such as PayPal and many crypto companies are issuing stablecoins.
According to recent reports from Bloomberg, Reeve Collins, one of the former co-founders of Tether, is launching a revenue stablecoin project, Pi Protocol, which will provide holders with the benefits they may earn from tokenized real-world assets.
According to Pi Protocol's official X platform, Pi was originally named TreasuryX, and was officially established last year. It has only recently undergone a brand upgrade, renamed and positioned. Pi plans to launch its first earnings stablecoin USP on Ethereum or Solana in the second half of 2025.
Early this morning, Bloomberg reported that Citadel Securities, one of the world's largest market makers, plans to enter the cryptocurrency market and is seeking to join the list of market makers on multiple exchanges. As soon as the news came out, it attracted widespread attention and discussion in the market. As a top player in the global financial market, how will Citadel Securities' entry change the pattern of the crypto market? What opportunities and challenges will it bring?
This article will explore in-depth the significance and potential impact of Citadel Securities' entry into the cryptocurrency market-making field in a ten-question and ten-answer manner.
7.Bear? One article sorts out four reasons for this market decline
Before the endgame of Bybit and Infini being stolen by hackers was taken away, the market ushered in a painful blow in the early morning of this morning: As of press time, according to coinglass data, a total of 373,863 people worldwide have been exposed in the past 24 hours, with a total amount of liquidated in the stock market being $1.405 billion. Among them, the exchange with the largest liquidation volume is Bybit, which is also a commonly used platform for institutions.
“I got my peaches out in Georgia”—
If you are a heavy enthusiast of Tiktok or Tiktok, you must have heard this lyrics. Imagine holding the steering wheel with one hand and chasing the sunset comfortably on a summer evening.
This scene is very suitable for listening to Justin Bieber's Peaches. Since its release, the song has been played over 2.5 billion times on major music platforms and has been certified for 4 times platinum sales in the United States - meaning that the song can create more than $100 million in value.
Maybe you would say "What does it matter to me?" It did have nothing to do with you before, but after Aria Protocol put it on the chain, you and I might have the chance to take a bite on this fruit.
On February 18, crypto startup Altius announced that it had completed a $1,100 financing, led by Founders Fund and Pantera Captial. It is worth noting that Altius' official X account released its first content two days before the financing news was announced (February 16), followed by the announcement of the large-scale financing news of tens of millions of dollars, which undoubtedly added a bit of mystery to it.
With the support of tens of millions of dollars in funding and supported by well-known venture capital institutions such as Pantera Captial, what is unique about Altius' startup project?
Altius is not a single public chain project in the traditional sense. It is committed to reshaping the execution layer. Through an innovative modular design, it separates the execution layer of the blockchain to create a plug-and-play "central kitchen" execution layer solution, so that it can seamlessly connect with any public chain using VM mechanism, thereby significantly improving the performance of the blockchain network.
10.Pump's bullet is right in the middle of his eyebrows. Solana's story is finished?
Just now, alon, co-founder of pump.fun, posted a statement that the official X account of pump.fun was stolen and the fraudulent token "PUMP" was released, reminding users to pay attention to risks.
As the most active meme coin launch platform in the Solana ecosystem, Pump.fun once became a wealth-making myth for retail investors with the dual-stage mechanism of "inner plate incubation + external plate outbreak". The token first accumulates liquidity through the Bonding Curve mechanism within the platform. When the trading volume exceeds the US$69,000 threshold, it will automatically migrate to the top DEX Raydium to establish a fund pool, completing the closed loop from project launch to market speculation. This set of precision design rules will run wildly in 2024:
From April 1 last year to date, the tokens launched from Pump.fun contributed US$346 billion in transaction volume to Raydium, accounting for half of the total DEX traffic. Of the $197 million in the cumulative handling fee collected by the platform, US$104 million in transactions from pump.fun.
11.PvP has come to an end temporarily, and guaranteed arbitrage has become the current priority?
A new consensus is getting stronger and stronger: the PvP era has come to an end for the time being.
Pump.fun's revenue in the past 24 hours has fallen more than 90% from its all-time high of $15.38 million on January 25. Celebrity coin issuance trend and becomes the last throttle kick of memecoin before this crazy racing car is out of control. The Libra incident may mark the end of the Memecoin era. The key is that the player's mentality has changed, and the young player finally "P" has stopped moving.
What followed was that Bitcoin returned to the range of 8, and altcoins collectively fell sharply. There is a saying that ambitions have come to an end temporarily, and preservation has become the key task at the moment. This sentence is most appropriate to use in the current investment strategy of the crypto market. If the market is chasing hot money during the bull market, investors prefer more stable annual interest products and stable risk aversion strategies in the downward market.
Although DeFi veteran Andre Cronje believes that the person involved in Meme Coin is a group that does not care about DeFi or even blockchain at all, Meme Coin has not taken any attention away. But after the end of PvP, funds are indeed looking for other high-yield opportunities, and DeFi is beginning to show signs of recovery.
Sonic has been launched at the end of December last year to today, in just two months, its on-chain TVL has achieved a speed-transmission from $0 to about $700 million. Its ecological Dex project, Shadow Exchange, has achieved extremely rapid money-making due to annualized mining, and the price of Token has achieved a leap from a few dollars to a few hundred dollars.
The launch of DeFi arbitrage with high APY has almost become one of the new public chain strategies in recent times. According to Defilama data, in addition to Sonic, emerging high-performance public chains focusing on DeFi, such as Berachain, Sei, Soneium, etc., have achieved TVL's rise in the overall market decline in the past week, and this is inseparable from the high-year interest rate-absorbing strategy. In addition, the live-for-production products of the agreements such as Pendle and Morpho are also being sought after.
12.Multiple perspectives | Aya Miyaguchi, can Ethereum regain market confidence?
On February 25, the Ethereum Foundation (EF) ushered in a major personnel change: Aya Miyaguchi will be promoted from executive director to chairman, and the foundation's leadership structure will also undergo changes.
According to Onchain Foundation Chairman MAX KORDEK, as the new chairman, Aya will be responsible for preparing, presiding, leading and ultimately signing resolutions for all Foundation committee meetings.
These conferences cover all the important affairs of the Foundation, including:
- Overall work report by the Chairman, Vice Chairman and Executive Director
- Risk Assessment (review and update the Foundation’s risk assessment chart)
- Financial affairs (current positions and expenditures, token realization plans, investment strategies, etc.)
- Legal affairs (mainly the approval of legal contracts and agreements)
As an important figure in the Ethereum Foundation, can Aya Miyaguchi help Ethereum regain its market confidence? It has become a topic of concern to the industry.
ChainCatcher has compiled the multi-faceted views of Encrypted KOL and collected Aya’s colleagues’ evaluations of her promotion for readers’ reference.
The largest theft case in history, Bybit was stolen for 1.5 billion US dollars, and the problem finally came about Ethereum’s most trusted Safe? Safe ultimately failed to be as Safe as his name.
As the largest smart account ecosystem on EVM, Safe hosts more than 8 million smart wallets, storing hundreds of billions of crypto assets, and more than 200 projects are built on it. Many DAOs, foundations, and large NFT projects regard it as a "safe"-style underlying hosting solution. Such top-level security infrastructure can also be slapped in the face. Where will encryption security go?
Leaving the market or waiting for a turnaround? Where should the first shot of change be shot?
With the previous Kaito Yaps boom, the potential of the points market has been verified again, and this field still contains huge room for development. At the same time, as a rising star in the points trading market, Rumpel officially debuted in September 2024.
Rumpel is a points tokenization protocol that provides secondary market liquidity and price discovery for off-chain loyalty points, bringing new opportunities for point holders, traders, airdrop hunters and point issuers. As of now, Rumpel's protocol size has exceeded US$29.29 million, and the total point token market value has reached US$277,421.
Rumpel has completed a round of financing, with participation from Dragonfly, Robot Ventures and Variant Fund, and has also attracted three senior executives, including COO, Engineering Director and Research Director of EigenLayer. What is the charm of Rumpel?
As the crypto market plummeted, some established exchanges began to seek to "sell themselves".
Today, according to CoinDesk, BitMEX, a crypto derivatives platform founded by Arthur Hayes, is seeking to sell.
Not long ago, Kraken and Coinbase were also revealed to be bidding for another major crypto derivatives trading platform Deribit. According to a person familiar with the matter, the acquisition may have been signed, and the amount of the acquisition may be as high as US$5 billion, breaking the largest acquisition transaction record in crypto history.
In addition, crypto brokerage FalconX has also expanded its derivatives business by acquiring Arbelos Markets, a startup that crypto derivatives.
Not only the crypto derivatives market, but the entire crypto market may usher in a wave of mergers and acquisitions.
As the crypto market is downward, not only products that deposit coins and generate interest and hold U interest are more popular, but fixed-interest rate lending agreement products are also popular in the market.
On February 25, fixed-interest lending platform Tenor announced that it had completed a $2.5 million seed round of financing, led by Cherry Crypto, and also participated in the investment by Coinbase Ventures, as well as Curved Ventures, Moonwell, and Etherfi protocol developers.
Unlike mainstream lending agreements such as Aave and Compound on the market, Tenor hopes to create a fixed-interest rate lending product.
18.Jack Ma’s close friend posted an NFT. Who is the sacred paradise worth 33 SOL?
When the market is immersed in garbage time and can't extricate itself, an NFT project begins to break through.
According to OKX NFT market data, the total transaction volume of the NFT reached 11,260 SOL within one day of its launch in the secondary market, or about US$1.57 million; its classic version floor price rose from 7.9 SOL to 33 SOL, and the lowest bid of the legendary version reached an astonishing 456 SOL.
According to RootData data, Paradise NFT is a limited collection of 8,888 pieces on Solana's network, offering legendary and classic versions. They hope to create a Web3 utopia - "Peach Blossom Land" to unite 8,888 members to nugget Web3. The holder will earn profits through airdrops. The artwork is produced by Artic Studios, which is known for working with artists such as Juice WRLD and brands such as NIKE and SONY.
19.GTE: DEX that benchmarks Hyperliquid on MegaETH | Super early project attention
"If people like Hyperliquid with four validators, they might like GTE with only one validator," said MegaETH's eco-community.
20.Meme Coin Retreat Myth: P young players either turn or roll
The midsummer belonging to Meme is being declared over.
From the collapse of the Trump family's $TRUMP to the Argentine presidential platform, the $Libra scam that saw Meme as the core driving force for on-chain transactions was exposed. Solana, which regarded Meme as the core driving force for on-chain transactions, cut halved the number of new coins issued daily, and the number of head Meme coins fell by more than 70% year-on-year to date... All signs show that Meme, a bubble with a total market value of nearly US$60 billion, has also begun to show cracks.
Investors such as Matt Hougan, Dragonfly managing partner Haseeb Qureshi, Castle Island Ventures partner Nic Carter and other investors have recently expressed their views on short Meme's future market.
"I still can't lie down and have to do something," Philo said in an interview with ChainCatcher. Philo claims to be a young player P. Not long ago, he publicly stated that he had successfully gone ashore and cleared all Meme assets. However, he was not calm when he should have been lying flat. Philo told ChainCathcer reporter that the next step is to decide to start a business and build a platform to short Memecoin.
This decision means that Philo breaks away from the identity of "P young player" and achieves identity transformation. Philo's transformation is a microcosm of the millions of young players in the context of the sudden cold Memecoin market.
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