1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -3.23%
ETH: -0.26%
SOL: +2.77%
DOGE: +1.78%
XRP: +1.85%
TRUMP: +2.33%
IP: +25.18%
SUI: +4.88%
LTC: +0.76%
KAITO: +3.06%
24H increase list (data source: OKX):
XCH: +28.54%
IP: +26.25%
PUNT: +20.67%
MOODENG: +18.59%
ACT: +17.65%
VINE: +16.84%
NEIRO: +16.15%
MEMEFI: +16.14%
MKR: +15.47%
AIXBT: +14.98%
2. 24H hot search currencies
IP, rising against the trend;
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
Binance Pre Market launches price limit mechanism test, currently only applicable to RED tokens
According to official news, in order to continuously drive innovation and improve the users trading experience, Binance launched a new feature of the Binance pre-market trading market - the daily limit mechanism. The daily limit mechanism will limit the highest trading price in the first 72 hours of the pre-market market, and the token price increase must not exceed a certain percentage of the initial opening price. After 72 hours of the pre-market opening, there will be no price limit and trading will resume normal. Please note: This daily limit mechanism is only tested when the RED token is issued, and it is not yet certain whether this function will become a long-term function of the pre-market market in the future.
Babylon airdrop registration is now open for 18 days
According to official news, Babylon airdrop registration is now open for 18 days. Users eligible for the airdrop include: first-phase stakers (Pioneer pass NFT holders who staked in the first phase can get additional bonuses); Babylon first-phase Finality providers; and eligible contributors to Github repositories.
Bitwise completes $70 million financing, Electric Capital and others participate
Crypto asset management company Bitwise announced the completion of a $70 million financing round, with participation from Electric Capital, MassMutual, MIT Investment Management Company, Highland Capital, Haun Ventures, ParaFi Capital, etc. Currently, Bitwise manages $12 billion in client assets and has more than 100 employees.
Bitcoins long liquidation risk below $85,000 exceeds $1 billion, and large fluctuations may foreshadow a retest of the $81,000 support level. Bitget Research chief analyst Ryan Lee said that the decline in risk appetite among cryptocurrency investors is the main reason for the current sell-off. Bitcoin prices are fluctuating in a consolidation range and falling to the $89,000 level. Shorts are also pulling back below the support level. If the bearish behavior continues, it may test the next support level, which is around $86,000 and $81,000. Hong Yea, co-founder and CEO of hybrid cryptocurrency exchange GRVT, said: The $85,000 price level is critical. If BTC falls below this support level, it may trigger a further decline. (Cointelegraph)
Industry News
US SEC drops investigation into Uniswap Labs
The U.S. SEC has abandoned its investigation into DeFi company Uniswap Labs. Earlier, the U.S. SEC issued a warning to Uniswap Labs in April last year, planning to take enforcement action against the company.
Bybit registers with Indian regulator, resumes full trading services
According to Cointelegraph’s post on the X platform, Bybit has completed registration with the Indian financial regulator FIU-IND and resumed full trading services. Bybit has paid the fine and will operate within the Indian regulatory framework. Bybit’s non-profit initiative “Blockchain for Good Alliance” has also established partnerships with blockchain societies at Indian universities, such as the Blockchain Association of the Indian Institute of Technology Delhi (IIT Delhi) and the Indian Institute of Technology Kharagpur (IIT Kharagpur).
Following Coinbase and Robinhood, exchanges such as Binance and Kraken may see a turnaround. The lawsuits against these platforms are based on the same regulatory logic as the Coinbase case, and the SECs abandonment of the lawsuit will have a demonstration effect. Regulatory expert Amy Lynch said that the SECs enforcement of securities laws may also be severely limited, partly due to the influence of the Department of Government Efficiency (DOGE), as DOGE may take a closer look at the SECs internal operations and try to streamline the agency. (businessinsider)
SEC accepts Grayscale’s Cardano spot ETF application
The SEC accepted the Cardano (ADA) spot ETF application submitted by NYSE Arca on behalf of Grayscale. Previously, the SEC has accepted a large number of cryptocurrency ETFs, including Cboes XRP ETF, Grayscales spot XRP and DOGE ETF. Earlier news, NYSE Arca submitted a 19 b-4 form on behalf of Grayscale on February 11 to form the proposed Grayscale Cardano Trust Fund. According to the document, the custodian will be Coinbase Custody Trust Company, LLC, and the manager will be BNY Mellon Asset Servicing. (Cointelegraph)
Project News
The Aave community voted overwhelmingly to stop lending services on the Polygon PoS chain, mainly because of opposition to Polygons proposal last December to use over $1 billion in cross-chain stablecoins for revenue generation. Aave founder Marc Zeller proposed strict risk parameters to prevent users from making further deposits or borrowing. He believes that Polygons revenue generation method is too risky and may lead to bad debt problems. Aave is the largest decentralized application on Polygon, with a TVL of over $300 million. Polygon Labs CEO Marc Boiron once said that the ideal result would be for Aave to abandon its plan to terminate the cooperation, but Aave DAO has passed relevant proposals to adjust the stablecoin LTV to 0% to prevent users from borrowing. Currently, more than 690,000 votes are in favor of leaving Polygon, and about 117,000 are against.
Coinbase International will launch VIRTUAL, KAITO and B3 contract trading
Coinbase International Station announced on the X platform that Coinbase International Exchange and Coinbase Advanced will launch VIRTUAL, KAITO and B3 contract trading, and trading will be open on or after 9:30 am (UTC time) on February 27, 2025.
TOLY surged 70% in a short period of time due to Toly opening a dedicated group chat on time.fun
Solana co-founder Toly has opened an exclusive group chat on the time tokenization platform time.fun. Users need to hold 25 TOLY to join. Influenced by this news, TOLY rose 70% in a short period of time, with the price temporarily reported at $149 and a market value of $15 million. The reason is that some community members requested Toly to open the group chat function and set the threshold high enough to avoid spammers. Many builders want to share what they are building, and Toly replied to agree.
Infini released the latest news on funding and operations on the X platform, disclosing that Infinis funds are currently stored in the Cobo Custodian Wallet, and all functions of the Infini Card (transfers, deposits, withdrawals, and payments) are fully operational. The team is working hard to ensure the highest security of the Infini Earn function. This process is expected to take 3-4 weeks, during which time the distribution of income will be suspended. When Infini income is restored, the information will be updated as soon as possible.
Investment and Financing
Mavryk Dynamics Completes $5.2 Million in Financing, Led by Ghaf Capital and Others
RWA blockchain development company Mavryk Dynamics announced the completion of a $5.2 million financing round, led by Ghaf Capital, Big Brain, MetaVest Capital, Cluster Capital, Collective Ventures and Atlas Fund. Mavryk Dynamics aims to simplify RWA tokenization and DeFi integration, making digital asset ownership more accessible. (Coindesk)
Characters Voices
Matrixport: Bitcoin falls below key pattern, low trading volume warns of downside risks
Matrixport released todays chart saying that Bitcoin has broken below the rising extended wedge, which is not what we want, but this pattern usually indicates downside risk unless the price can quickly rebound and return to the wedge. Bitcoin is likely to fall further, especially since this break occurred during a period of low trading, and there was limited demand for buying on dips. Although we expect prices to rise in the second half of this year, this technical break has made market sentiment more cautious. In addition, not only did Bitcoin break, but Ethereum also fell below the key support range of $2,600 to $2,800.
Vitalik Buterin posted on the X platform that Aya Miyaguchi proposed the idea of switching from executive director to chairman of the Ethereum Foundation a year ago. In the seven years as executive director of the Ethereum Foundation, she has achieved a lot and will continue to support the Ethereum Foundation in many of the same ways in her new position. At the same time, Vitalik Buterin said that he is continuing to study the new leadership structure of the Ethereum Foundation and will announce more news soon.
Bernstein reiterates continued bullishness on Bitcoin and maintains its $200,000 price target
Bernstein reiterated that it continues to maintain its $200,000 Bitcoin price target, believing that there are potential buying opportunities in the current price adjustment. Its research report describes the current price pullback as another opportunity to participate in this cycle and reiterates their bullish stance on Bitcoins market structure. Bernstein also pointed out that Bitcoin has not yet reached its cyclical high and is expected to approach the $200,000 mark in the next 12 months. Their long-term forecast for Bitcoin is based on a simple argument: Driven by accelerating institutional and sovereign demand, Bitcoin will become a booming digital gold asset class. (TheBlock)
Greeks.live macro researcher Adam released a Chinese community briefing, which pointed out that the market generally turned bearish and was optimistic about BTCs pullback to around $80,000. Most traders believe that ETH and SOL will continue to fall, but they remain optimistic about BTCs medium- and long-term trend. The trend of the integration of traditional finance and cryptocurrency is that BTC is gradually moving away from the currency circle and becoming a value storage tool for institutional investors, with a reduced correlation with other crypto assets.
Bybit co-founder and CEO Ben Zhou posted a message on the X platform to call out eXch executive Sarah Nugent, saying: By freezing Lazarus funds, you can earn 5% commission... This is much more than what you can earn by helping launder money.... Stand on the side of the good guys.
Trump’s second son Eric Trump posted on the X platform “₿uy the dips!!!”, where “B” is replaced by the Bitcoin symbol, which may mean buying Bitcoin at a low price.
In response to the communitys previous claims that a Binance users account was hacked and hackers stole coins by sending red envelopes, Binance co-founder He Yi responded on the X platform: the users email, Binance account, and Google verification were all hacked, and the user knew that his account had been hacked.
