Binance will launch KAITO 1-75x U-margin perpetual contracts
According to the official announcement, Binance Financial Management, One-Click Coin Purchase, Flash Exchange, Leverage, and Contracts will be launched on KAITO. It is expected that the KAITO 1-75x U-based perpetual contract will be launched at 21:00 on February 20, 2025 (Eastern Time Zone 8).
According to Jinshi.com, the number of initial jobless claims in the United States for the week ending February 15 was 219,000, in line with expectations of 215,000. The previous value was revised from 213,000 to 214,000.
Fox reporter: The US SEC is very interested in "pledge" and is expected to issue relevant guidance
According to a post by Fox Business reporter Eleanor Terrett on the X platform, sources revealed that the US SEC is very interested in "staking" and even asked the industry to provide a memorandum detailing the different types of staking and their benefits. The source expects that in the near future, the US SEC will issue some kind of guidance on staking because it is a topic they are passionate about.
According to an official announcement, the U.S. Securities and Exchange Commission today announced the establishment of the Cyber and Emerging Technology Unit (CETU), which focuses on combating cyber-related misconduct and protecting retail investors from bad actors in the emerging technology field. Led by Laura D'Allaird, CETU replaces the Crypto Assets and Cyber Unit and is composed of about 30 fraud experts and lawyers from multiple SEC offices.
Specifically, CETU will leverage its staff’s extensive fintech and cyber-related experience to combat securities trading-related misconduct in the following priority areas:
- Fraud using emerging technologies such as artificial intelligence and machine learning
- Using social media, the dark web or fake websites to commit fraud
- Obtaining material non-public information through hacking
- Takeover of Retail Brokerage Accounts
- Fraud involving blockchain technology and crypto assets
- Compliance by regulated entities with cybersecurity rules and regulations
- Fraudulent disclosure of cybersecurity by listed companies
Figure receives SEC approval to issue first interest-bearing stablecoin
According to Fortune, Figure has obtained approval from the U.S. Securities and Exchange Commission to issue the first interest-bearing stablecoin, but a spokesperson for the agency did not immediately respond to a request for comment. The stablecoin is reportedly called YLDS and was developed by digital asset company Figure Markets. It will be pegged to the U.S. dollar and provide users with a 0.5% yield, similar to cash in a savings account.
Coinbase will list Kaito (KAITO)
Coinbase announced that it will add support for Kaito (KAITO) on the Base network. Please do not send this asset through other networks, otherwise funds may be lost. Trading will start later today if liquidity conditions are met. Once the supply of this asset is sufficient, the KAITO-USD trading pair will be launched in stages. Support for KAITO may be limited in some supported jurisdictions.
Vitalik Buterin said that Argentina's Ethereum community is full of outstanding builders who have contributed some of the most important software to the Ethereum ecosystem. Argentina does have the determination and energy to continue the current momentum and build a prosperous 21st century society using cryptocurrencies and other new technologies. Recent news should not be seen as a reason to give up, but as an example of why education is so important. We are still very optimistic about Argentina and Latin America's contribution and role in the crypto field.
Crypto exchange Kraken is considering launching a stablecoin
Kraken is exploring the development of its own stablecoin, Bloomberg reported, citing people familiar with the matter. The move is partly due to the competitive gap created by new European regulations that require crypto service providers to delist Tether's USDT and other unlicensed tokens. The person said the token would be pegged to the U.S. dollar and issued by Kraken's Irish unit.
The exchange announced this month that all non-compliant currencies held on Kraken’s European platform will be converted to “equivalent stablecoins” starting March 31. If all goes well, the token won’t be Kraken’s first foray into the digital dollar space. Late last year, the exchange joined a consortium called the Global Dollar Network, which partnered with Paxos to launch a stablecoin called USDG. Other members, like Robinhood and Galaxy Digital, are also developing their own stablecoins.
Meanwhile, Crypto.com unveiled its stablecoin plans in its 2025 roadmap last November, aiming to launch it in the third quarter. In addition, the exchange plans to launch the token in Europe, having informed customers last month that Tether would exit trading in the region at the end of March, another person familiar with the matter said.
SBF changes political stance to support Trump in first interview in prison, seeks pardon
In his first interview at the Metropolitan Detention Center in Brooklyn, New York, where he is serving a 25-year sentence for perpetrating one of the largest cryptocurrency scams to date, FTX founder Sam Bankman-Fried criticized the Biden administration’s “destructive” politicization of the justice system and sought a pardon from President Trump. Bankman-Fried reiterated his claims that FTX was solvent but illiquid, and that law firm Sullivan & Cromwell mishandled the bankruptcy proceedings.
Argentina Senate Asks Government for Report on LIBRA Token Scandal
According to TASS, the upper house of the Argentine Congress (Senate) approved a motion asking the government to provide a report on the $LIBRA cryptocurrency scandal. But the proposal to set up a parliamentary committee to investigate the scandal was rejected. The initiative was supported by 47 senators, but 48 votes are needed to start the process.
Canary Fund’s ‘Litecoin ETF’ Added to DTCC Website
Canary Fund's Litecoin (LTC) ETF has been confirmed to be registered with the US Deposit Insurance Corporation (DTCC) with the code LTCC. Earlier, the US Securities and Exchange Commission (SEC) announced that it had officially received Canary Fund's LTC ETF 19b-4 filing.
Fox Business reporter Eleanor Terrett tweeted that Grayscale's XRP ETF (19b-4 submission) has been officially published to the Federal Register. This means that the US SEC will enter the review stage from now on and approve or reject it on or before October 18.
Bybit CEO: The PI project is a scam, Bybit will not list any suspected scam projects
Bybit CEO Ben Zhou tweeted that in 2023, Chinese police issued an official warning about PI, warning the public that it was a scam targeting the elderly, leaking personal data and causing the loss of pensions, and that there were multiple other reports questioning the legitimacy of the project. Bybit has not made any listing requests to PI, and claims that PI refused Bybit to list or that Bybit did not pass some kind of PI KYB are completely nonsense. If the PI project is real and legitimate, it should actively respond to these questions, but it chooses to make up lies and make unfounded and naive attacks; I still think PI is a scam, and Bybit will not list any suspected scam projects.
CoinList to Launch Obol Token Sale on February 25
CoinList announced that it will start the Obol token sale at 1:00 am (Beijing time) on February 25, with a 30% discount compared to the previous round of VC investment. Obol is the foundation of the L1 blockchain and decentralized infrastructure network. The sale details are as follows:
For normal users:
- FDV is $125 million
- Token price is $0.25
- 33% will be unlocked 6 months after TGE, and then unlocked linearly over the next 12 months.
For wstETH or weETH holders:
- FDV is $115 million
- Token price is $0.23
- 33% unlocked 6 months after TGE, then unlocked linearly over the next 12 months
- At the same time, users need to hold at least $20 worth of wstETH or weETH on CoinList between 1:00 on March 4 and 1:00 on March 11 to enjoy lower prices and FDV.
Both options have a minimum purchase limit of $100 and a maximum purchase limit of $250,000. After the subscription period ends, users who are not selected for an allocation will receive the funds in their CoinList wallet by 1:00 am on March 13. This public sale is not available in the United States, China, Canada, and certain other jurisdictions.
