The United States announced a 25% tariff on all steel and aluminum imported into the United States
Musk leads $97.4 billion acquisition of OpenAI proposal, but Altman rejects it
Layer3 gaming network B3 announces launch of its B3 token
Coinbase now has B3 on the Base network
According to the Coinbase Assets announcement, Coinbase will support B3 (Base) tokens, limited to the Base network. B3's transfer function is now open on Coinbase and Coinbase Exchange. B3 (Base) (B3) is now available on the Coinbase official website and iOS and Android applications, and is marked as an "experimental" asset. Coinbase users can log in to the platform to buy, sell, convert, send, receive and store B3.
SEC Accepts Physical Redemption Application for 21Shares Bitcoin and Ethereum Spot ETFs
According to Solid Intel, the U.S. Securities and Exchange Commission (SEC) has accepted an application to allow 21Shares Bitcoin and Ethereum spot ETFs to conduct physical redemptions.
Nasdaq Files 19b-4 Filings for CoinShares’ LTC and XRP ETFs
According to Jinshi, Eric Council Jr, a 25-year-old man from Alabama, admitted to participating in the hacking of the "X" account of the U.S. Securities and Exchange Commission (SEC). In January last year, he posted a false post on the platform announcing the authorization of the first (spot) Bitcoin ETF. Coulson pleaded guilty to conspiracy to commit aggravated identity theft and access device fraud in a federal court in Washington on Monday. Judge Amy Berman Jackson is scheduled to pronounce the verdict on May 16. Prosecutors accused Coulson of using forged identification and deceiving a local mobile phone store employee to help him hack into the victim's phone. The day before the SEC account was hacked, analysts expected the SEC to announce the approval of the spot Bitcoin ETF. The fake post posted by the hacker on January 9, 2024 caused the price of Bitcoin to soar.
NYSE Arca files for Cardano ETF for Grayscale
NYSE Arca, a subsidiary of the New York Stock Exchange, has submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) to apply on behalf of Grayscale to launch a Cardano (ADA) spot exchange-traded fund (ETF). The ETF will be custodianed by Coinbase Custody Trust Company, LLC and managed by BNY Mellon Asset Servicing. This is the first ADA-based ETF on the market. The application is the second step in submitting a spot crypto ETF to the SEC. Once accepted by the SEC and published in the Federal Register, the approval process will officially start.
Strategy spends $742.4 million to increase holdings by 7,633 Bitcoins
According to the Form 8-K filed by Strategy (formerly MicroStrategy), between February 3, 2025 and February 9, 2025, the Company purchased approximately 7,633 bitcoins for approximately $742.4 million in cash, at an average price of approximately $97,255 per bitcoin (including fees and expenses). The purchase of these bitcoins was funded by (i) proceeds from the issuance and sale of shares pursuant to the Sales Agreement and (ii) proceeds from the issuance of STRK. As of February 9, 2025, the Company and its subsidiaries held approximately 478,740 bitcoins, with a total purchase price of approximately $31.1 billion and an average purchase price of approximately $65,033 per bitcoin (including fees and expenses).
Story mainnet will be launched on February 13, $IP claiming and query will be open simultaneously
According to Story's official announcement, its public mainnet will be officially launched on February 13. At the same time, the $IP token claim and query function will also be opened on the same day, and users can check and claim the corresponding allocation.
According to analysts James Seyffart and Eric Balchunas, the current market has a relatively high probability of approving Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), and XRP spot ETFs. Among them:
• Litecoin (LTC): 90%, as it is considered a high-probability commodity by the SEC
• Dogecoin (DOGE): 75%, also likely to be identified as a commodity by the SEC
• Solana (SOL): 70%, but the SEC still considers it a security
• XRP: 65%, mainly affected by SEC lawsuits and the need to resolve regulatory disputes
Seyffart said that the ETF applications for XRP and DOGE are expected to be accepted by the SEC this week, and the SEC and Commissioner Hester Peirce's crypto working group are expected to resolve some of the "securities vs. commodities" regulatory disputes by the end of 2025. He pointed out that if the SEC is still dominated by Democrats, the probability of approval of these ETFs will be "very low."
In addition, Seyffart emphasized that the biggest obstacle to the approval of the XRP ETF is still the lawsuit with the SEC. The SEC needs to sort out the Ripple case first before the ETF has a higher chance of approval.
Bithumb will list Story (IP) Korean Won trading pair, trading will be open on February 13
OKX will launch IP spot trading on February 13
Coinbase International Station Pre-Launch Market will launch IP perpetual contracts
Virtuals Protocol: VIRTUAL tokens extended to Solana chain
Binance Leverage will remove leveraged trading pairs such as HMSTR/FDUSD and SAGA/BTC on February 17
Binance Leverage will remove the following leveraged trading pairs at 14:00 (UTC+8) on February 17, 2025: Full Margin: HMSTR/FDUSD, SAGA/BTC Isolated Margin: HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC, SAGA/BTC
ZK identity project Holonym acquires Gitcoin Passport for $10 million
ZK digital identity project Holonym Foundation is expanding its network by acquiring identity verification platform Gitcoin Passport. On February 10, Holonym announced that it had spent $10 million to acquire Gitcoin Passport to expand its decentralized identity (DID) tools as part of the Human.tech suite.
As part of the acquisition, Gitcoin Passport will be renamed Human Passport to better reflect its position as a proof-of-human (PoH) solution that allows individuals to verify their identity without revealing sensitive personal data. Passport is an authentication aggregator that allows users to collect "stamps" or verifiable credentials from various Web2 and Web3 validators such as Google or Holonym. It is designed to protect user privacy and guard against Sybil attacks or hacking attacks that involve creating false identities to manipulate the network.
According to the latest weekly data from CoinShares, digital asset investment products saw inflows for five consecutive weeks last week, totaling $1.3 billion, bringing the inflows so far this year to $7.3 billion. The recent price drop has caused the total assets under management of ETPs to drop from an all-time high of $181 billion at the end of January to $163 billion. Trading volume remained stable at $20 billion this week.
On a regional basis, the United States saw inflows of $1 billion, however, bargain hunting was widespread and most other regions also saw inflows, most notably Germany, Switzerland and Canada, which saw inflows of $61 million, $54 million and $37 million, respectively.
Bitcoin saw inflows of $407 million, with the global ETP now accounting for 7.1% of the current market cap, making it the largest holder relative to any other entity. Ethereum was in the spotlight this week, with its recent price drop to nearly $2,100 triggering a massive dip in buying, with inflows of $793 million, surpassing Bitcoin for the first time this year. Other notable inflows were XRP and Solana, with $21 million and $11 million, respectively. Blockchain stocks saw inflows of another $33 million, bringing year-to-date inflows to $194 million.
PANews APP has updated its functions, download and experience it now!
【Comment】Speak freely and exchange views
【Floating window】Reading interrupted, return at any time
【Search within the article】Quickly locate and get to the core
