1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BNB: +3.24%
BTC: -1.88%
ETH: -3.43%
SOL: -2.24%
DOGE: -1.8%
LAYER: +575.4%
CREAM: -0.56%
TRUMP: -4.88%
PEPE: -1.75%
TST: -2.55%
24 H increase list (data source: OKX):
PRQ:+ 33.9%
ULTI: +15.58%
MAJOR: +11.23%
USTC: +10.45%
DUCK: +9.29%
NC: +8.23%
RPL:+ 7.99%
BERA: +7.51%
RACA: +6.49%
QTUM: +6.45%
2. Top 5 popular memes on the chain (data source: GMGN ):
8 CHAN
Duo
FECAL
Ume
Harry Bōlz
3. 24-hour hot search currencies
LAYER: LAYER is the governance token of Solanas re-staking protocol Solayer. It was launched on Binance spot trading yesterday. The total supply is 1 billion, the circulation volume is 210 million, the current price is 1.38 USDT, and the market value is 282 million US dollars.
Duo: Duo is the mascot of Duolingo, a web2 free learning and education company. Yesterday, the official tweeted that Duo had passed away (probably a prank), which attracted many celebrities on Twitter to repost and comment. The market value of Duo, the meme coin of the same name on Solana, peaked at over 10 million US dollars, but has now fallen back to around 6 million US dollars.
Headlines
The US SEC has accepted Solana spot ETF applications from 21 Shares, Bitwise, Canary, and VanEck
Several institutions have submitted applications for Solana spot exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC), and the SEC has confirmed that it has received and accepted the relevant documents. Cboe BZX Exchange has submitted a proposed rule change form to support the listing and trading of Solana spot ETFs issued by 21 Shares, Bitwise, Canary Capital, and VanEck. Previously, these companies Solana ETF applications were rejected. Bloomberg ETF analysts James Seyffart and Eric Balchunas said on Monday that they believe there is a 70% chance that the SEC will approve the Solana ETF. Franklin Templeton also seems ready to join the Solana ETF competition. The company filed documents in Delaware on Tuesday to register the Franklin Solana Trust.
Fed Chairman Powell: Fed does not need to rush to cut interest rates
Federal Reserve Chairman Jerome Powell had a simple message for Congress on Tuesday as he began two days of testimony before Congress: Because the economy is performing well, the Fed can take its time deciding when and whether to cut interest rates. Given that our policy stance is less restrictive now than it was and the economy remains strong, we do not need to rush to adjust our policy stance, Powell will tell lawmakers before the Senate Banking Committee, according to prepared remarks. Powell also defended last years rate cuts, calling them necessary adjustments to its policy stance in response to improving inflation and cooling labor market conditions. Looking ahead, he said the Fed may keep interest rates unchanged for longer if inflation does not continue to fall to target and the economy remains stable. Powell said the Fed could cut rates if the labor market softens unexpectedly or if inflation falls to its 2% target faster than expected. (Jinshi)
Solayer Foundation: LAYER airdrop claim has been opened and will last for 30 days
According to official news, Solayer Foundation announced that the LAYER airdrop claim has been opened at 20:00 on February 11, and will last for 30 days until 20:00 on March 4, 2025. The claim window is for early and eligible community members. The LAYER tokens of the Genesis Drop are unlocked immediately when they go online, and subsequent LAYER tokens will be available for claiming on a periodic basis within the next 6 months. Users who do not initiate claims during this period will lose their tokens, and unclaimed LAYER will be reallocated for future airdrops.
Industry News
US SEC opens 21-day public comment period for Canary Solana ETF
The U.S. Securities and Exchange Commission (SEC) opened a 21-day public comment period for the Canary Solana ETF, a proposed ETF that would bring SOL investing to mainstream finance, in a regulatory filing on Tuesday. The filing is equivalent to setting a timeline for Canary Capitals proposed investment vehicle. Within 21 days, the SEC will make a ruling (approval or rejection) or extend the deadline to postpone the decision. Crypto market observers are generally optimistic about the approval of SOL and other altcoin ETFs in 2025, but the specific timing and sequence are unclear.
Fed Chairman Powell: Now is the time to re-examine the de-banking of the crypto industry
Federal Reserve Chairman Jerome Powell said that in light of the criticism that the crypto industry has been excluded from banking services, it is time to re-examine the issue of de-banking. At a Senate Banking Committee hearing on Tuesday, the committees chairman, Republican Senator Tim Scott of South Carolina, asked Powell if he would work with him to ensure that financial rules do not impose more burdens than necessary. Powell said: I will commit to working with you to solve this problem. We are indeed trying to avoid excessive burdens. Frankly, I think it is fair to re-examine the issue of de-banking. We dont mean to do this, but sometimes regulation causes things to happen and we need to improve on this.
Ukrainian Government Plans to Legalize Cryptocurrency by Summer
Senior Ukrainian lawmaker Danylo Hetmantsev said that Kyiv is expected to “legalize” cryptocurrencies by the summer of this year, and the main text of the relevant bill is fully prepared. Hetmantsev is the chairman of the Verkhovna Rada’s Committee on Finance, Taxation and Customs Policy.
Lawmakers are still discussing several issues, including how regulators and law enforcement officials can apply a “financial surveillance” approach to cryptocurrency transactions. In addition, the bill’s designers must finalize tax-related matters before the draft bill is sent to the Rada.
3iQ plans to list 3iQ Solana Staking ETF and 3iQ XRP ETF in Canada
3 iQ filed a preliminary prospectus with the Ontario Securities Commission and other Canadian regulators on January 28, planning to list the 3 iQ Solana Staking ETF and 3 iQ XRP ETF on the Toronto Stock Exchange. If approved, they will become the worlds first exchange-traded funds to provide exposure to Solana and XRP. 3 iQ is a global digital asset investment management company with $1 billion in assets under management. Toronto-based Sol Strategies announced on Tuesday that it has been selected as the collateral provider for 3 iQ Corp.s Solana Staking ETF. As of January 31, Sol Strategies and its subsidiaries held a total of 189,968 shares of SOL, with an average purchase price of approximately $179 per share.
Oklahoma committee passes bill to establish ‘strategic bitcoin reserve’
Dennis Porter, co-founder of Satoshi Action Fund, posted on X that the Oklahoma State Commission passed a bill to establish a strategic bitcoin reserve.
Franklin Templeton Registers Solana Trust in Delaware
Asset manager Franklin Templeton has registered a trust in Delaware tied to a proposed Solana spot ETF, suggesting it may soon consider launching the fund in the U.S.
Documents filed with Delaware corporation regulators show that the “Franklin Solana Trust” was established on Feb. 10 by CSC Delaware Trust Company, which has registered crypto trust products for other asset managers such as Bitwise.
Project News
Wintermute may be one of the market makers for Binance HODLer airdrop project $LAYER
According to ai_9684 xtpa monitoring, Wintermute may be one of the market makers of Binance HODLer airdrop project $LAYER. The Solayer project transferred 8.5 million tokens to the address FzPL 4...KkreF 40 minutes ago, most likely for liquidity management; nearly 750,000 of them have been transferred to Wintermute associated address GryEL...GuBPF, and 600,000 have been deposited into various exchanges (this address has had frequent interactions with Wintermute, and is also a $PENGU market maker, with the same characteristics). Since the tokens are still being transferred, the specific number of market-making tokens cannot be confirmed for the time being.
Uniswap Labs: Layer 2 Network Unichain Mainnet is now online
According to official news, Uniswap Labs announced that the Layer 2 network Unichain mainnet has been launched, and users and developers can build and use the DeFi application and tool ecosystem on Unichain. Nearly 100 crypto products and protocols, including Uniswap, Circle, Coinbase, Lido and Morpho, have been built on Unichain - many of which are online today, and more will be launched in the coming weeks.
Binance will remove multiple margin trading pairs on February 17, 2025
According to the official announcement, Binance will remove the following margin trading pairs at 06:00 (UTC) on February 17, 2025: Full-position trading pairs: HMSTR/FDUSD, SAGA/BTC; Isolated-position trading pairs: HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC, SAGA/BTC. Users must close the positions of the relevant margin trading pairs and transfer assets to the spot account before 06:00 (UTC) on February 17, 2025. Binance will suspend the lending function of the above isolated-position trading pairs at 06:00 (UTC) on February 12, 2025.
Trump family crypto project WLFI partners with Ondo Finance to drive adoption of tokenized RWAs
Trump family crypto project WLFI and Ondo Finance announced a strategic collaboration to drive the adoption of tokenized real-world assets (RWA) and bring traditional finance to the blockchain. As part of the collaboration, WLFI is exploring the integration of Ondos tokenized assets as reserve assets into the WLFI network, including US Dollar Yield token (USDY) (only available to non-US persons outside the United States) and Short-Term US Government Treasuries (OUSG). WLFI also plans to integrate Ondos upcoming USDY, OUSG and tokenized securities into the WLFI platform to provide lending and margin trading for its users.
The Trump familys crypto project WLFI announced the launch of a macro strategy to establish a strategic token reserve, support mainstream cryptocurrency projects such as Bitcoin and Ethereum, and promote global financial change.
Investment and Financing
Tether announces strategic investment in Zengo Wallet
According to official news, Tether announced a strategic investment in the self-custodial crypto wallet Zengo Wallet to enhance global stablecoin adoption. This investment will enable Zengo to support Tether stablecoins in major blockchain ecosystems. The specific investment amount has not been disclosed yet.
Decentralized financial platform Legends completes $15 million in financing, with a16z participating
The decentralized financial platform Legends announced the completion of a $15 million financing, with a16z and Coinbase Ventures participating. It is reported that Legend will try to become a more useful self-hosted wallet than existing wallets such as Metamask or Coinbase Wallet. (Fortune)
Character*Voice
CZ: BNB Chain is undergoing an upgrade, details will be announced soon
CZ posted on X: “I heard that a BNB Chain upgrade is in progress. More details will be released soon.”
Musk changes X account nickname to Harry Bōlz
Musk changed his X account nickname to Harry Bōlz.
Michael Saylor posted on the X platform that Strategys financial operations have brought in 18,527 BTC so far this year, equivalent to $1.8 billion in profits for shareholders.
