1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -4.45%
ETH: -10.32%
SOL: -14.56%
DOGE: -12.55%
XRP: -9.88%
TRUMP: -18.90%
KAITO: +10.03%
IP: +13.21%
SUI: -15.41%
LTC: -10.72%
24H increase list (data source: OKX):
IP: +12.64%
KAITO: +9.18%
AUCTOIN: +5.06%
POR: +2.15%
METIS: +1.77%
HMSTR: +1.14%
MAX: +0.71%
GODS: +0.60%
ZKJ: +0.51%
XAUT: +0.48%
2. 24H Hot search currencies
BAN, the art meme coin, plummeted by more than 50% yesterday afternoon;
PI, a long-established “community coin”, has been launched on exchanges such as OKX;
KAITO, airdropped, has been listed on Binance and other exchanges.
Headlines
There is still one week left before Solanas largest token unlock in history (worth $2 billion), with 11.2 million SOL unlocked for circulation on March 1. Token unlocking may bring huge selling pressure to Solana, because a large part of the locked tokens were purchased at a discount at the FTX auction compared to todays price. Crypto analyst Artchick.eth said that more than 15 million SOL (about $2.5 billion) will enter circulation in the next three months, most of which will be purchased by institutions such as Galaxy Digital, Pantera Capital and Figure through the FTX auction at $64 per SOL. Galaxy still has a huge profit on the SOL purchased at $64.
Strategy increased its holdings by 20,356 Bitcoins
According to market news, Strategy (formerly MicroStrategy) increased its holdings of 20,356 bitcoins at an average price of $ 97,514 .
BTC briefly fell below 91,000 USDT
OKX market data showed that BTC briefly fell below 91,000 USDT, with a 24-hour drop of 5.68%.
YZi Labs invested in crypto AI startup Vana in January, and CZ joined as an advisor
YZi Labs invested an undisclosed amount in crypto AI startup Vana, with CZ joining as an advisor. YZi Labs said on Monday that as part of the investment, Binance co-founder CZ joined Vana as an advisor. Vana co-founder Anna Kazlauskas said this was a strategic investment completed in January 2025, but declined to comment on the structure of this round of financing or post-investment valuation. (the block)
Industry News
US SEC may reconsider lawsuit against ConsenSys MetaMask staking service
According to Fox Business reporter Eleanor Terrett, given the SEC’s recent focus on staking, the agency may revisit last year’s lawsuit against ConsenSys for its MetaMask staking service. In addition, the SEC previously accused ConsenSys of engaging in unregistered brokerage business, but this allegation has now been dropped, similar to the allegations dismissed in the Coinbase lawsuit.
According to market news, Citadel Securities, the largest market maker on the New York Stock Exchange with a market value of $65 billion, hopes to become a liquidity provider for Bitcoin and cryptocurrencies, betting on President Trumps support for the industry.
Market News: Canary Submits HBAR ETF Application to Nasdaq
According to market news, Canary submitted an application for HBAR ETF to Nasdaq.
Dubai Financial Services Authority approves USDC and EURC as the first batch of approved stablecoins
The Dubai Financial Services Authority (DFSA) has officially approved Circles stablecoins USD Coin (USDC) and EURC as approved tokens, becoming the first stablecoins approved under the regulatory system. The new regulations will enable companies in the Dubai International Financial Center (DIFC) to use these two stablecoins in a variety of digital asset applications such as payments and fund management. Since its establishment in 2004, DIFC has attracted nearly 7,000 active companies and strictly allows only approved crypto tokens to operate.
South Dakota vetoes Bitcoin reserve bill
At the legislative meeting on February 24, local time, the South Dakota House of Representatives Commerce and Energy Committee decided to postpone the HB 1202 bill to the 41st day of this legislative session. However, the state legislative session is only 40 days at most, and this move is equivalent to vetoing the bill, which means that the state will not include Bitcoin as an official investment option for the time being.
Project News
Ethereum Pectra upgrade will start testing on Holesky
Ethereum’s Pectra upgrade will go live on the Holesky testnet at 9:55 PM UTC today, allowing developers to test new improvements before they make it to the Ethereum mainnet. Pectra introduces features that enhance Ethereum accounts, support L2 scaling, and improve the validator user experience.
Sky Alliance: $1 million of SKY tokens will be destroyed every day
Sky Rune posted on the X platform that the Sky Smart Burn Engine has just been launched, purchasing and destroying SKY tokens at a rate of about 1 million USDS per day.
Natalia Ameline of Ethereum Layer 2 Metis Foundation sent a letter to all community members through Metis official X, analyzing the stagnation of Ethereum in this cycle and detailing the ReGenesis plan launched by Metis in January this year, indicating that Metis will act as a transformer to save the Ethereum ecosystem and even lead the upgrade of the entire blockchain ecosystem to embrace full Web3+AI.
Consumer-grade public chain Morph added two new Defi liquidity pool partners, Concrete and Layer Bank, to the original bulbaswap liquidity pool at 10 pm Beijing time on February 24. Currently, deploying assets to liquidity pools will significantly increase the number of Morph points users receive. Compared with holding assets only on the chain, each decentralized application (dApp) has its own bonus multiplier: BulbaSwap - 2x; LayerBank - 2x; Concrete - 2.6x. At the same time, to celebrate the cooperation with new partners, Morph will provide these liquidity pools with higher Morph points bonuses in the first 7 days: from today, from the 1st day to the 7th day - 7x bonus, and after the 8th day, return to the above standard multiples (depending on the liquidity pool and assets: 2x/2.6x).
Babylon Foundation publishes Hello World and may announce TGE related news
Babylon Foundation posted a message Hello World with a video on the X platform, and may announce TGE-related news in the near future.
Solana Chain Meme Coin Conan Project Team Announces Complete Relinquishment of Control
According to official news, the Solana chain Trump concept coin Conan project team announced the successful completion of the destruction of 19.5% of the tokens, with a value of approximately $3 million. The team officially gave up all control and achieved fully decentralized governance. 2% of the tokens were sent to the Binance address, and the rest of the tokens have been transferred to the black hole address. The project will be completely led by the community in the future.
NEXUS: The developer network system is now online, and users can start Devnet mining
According to official news, the NEXUS developer network operating system has been launched, and users can start Devnet mining activities. Including: Devnet OS, Devnet chain and Devnet explorer. Earlier news, NEXUS Testnet II was shut down at 4:00 am on February 23.
pump.fun may launch its own Swap platform
The official website of pump.fun shows that pump.fun has added a Swap module, and the community speculates that it may launch its own Swap platform to replace Raydium.
Characters Voices
Arthur Hayes: Bitcoin is expected to fall to 70,000 USDT
Arthur Hayes, co-founder of BitMEX, said in a post on the X platform that many IBIT holders are hedge funds, who earn higher returns than short-term U.S. Treasury bonds by going long on ETFs and shorting CME futures. If the BTC price falls and the basis narrows, these funds will sell IBIT and buy back CME futures.
Qiao Wang, founder and core contributor of Alliance DAO, wrote on the X platform, “A few years ago, I argued that, counterintuitively, the value of dApps lies in their front-ends (webapps, browser extensions, mobile applications, etc.), not the underlying smart contracts. Pump’s launch of AMM, which caused Raydium to fall by 30%, is an obvious example.”
Infini founder: If hackers return funds, we will provide a 20% reward and will not take legal action
Christian, founder of stablecoin digital bank Infini, said in a post, “I know hackers may monitor my tweets, so this is my sincere message: I have tried my best to show that there are still kind and responsible people in this industry. I deeply regret my mistakes and will work hard to do the right thing for my users.” “I hope there is a way to recover what we lost. I am willing to offer 20% of the stolen amount as a bounty and promise not to take legal action if the funds are returned. No matter what, I will continue to love and support this industry.”
Bybit CEO: Bybit has fully made up for the ETH shortfall
Bybit CEO Ben Zhou posted an update saying, Bybit has fully made up for the ETH shortfall, and a new audited Proof of Assets (POR) report will be released soon, so stay tuned.
