The US announces a 25% tariff on all steel and aluminum imports
Musk's $9.74 billion proposal to acquire OpenAI rejected by Altman
Layer3 gaming network B3 announces the launch of its B3 token
Coinbase has listed B3 on the Base network
According to the Coinbase Assets announcement, Coinbase will support the B3 (Base) token, limited to the Base network. The transfer function of B3 has been opened on Coinbase and Coinbase Exchange. B3 (Base) (B3) has been listed on the Coinbase 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 21Shares' application for physical redemption of Bitcoin and Ethereum spot ETFs
According to Solid Intel, the US Securities and Exchange Commission (SEC) has accepted an application to allow 21Shares' Bitcoin and Ethereum spot ETFs to be physically redeemed.
Nasdaq has filed 19b-4 application documents for CoinShares' LTC ETF and XRP ETF
Hacker who announced Bitcoin ETF approval on SEC account to be sentenced on May 16
According to Jinshi, a 25-year-old man from Alabama, Eric Council Jr., has admitted to participating in the hacking of the SEC "X" account. Last January, he posted a false post on the platform announcing the authorization of the first (spot) Bitcoin ETF. Council pleaded guilty to conspiracy to commit aggravated identity theft and device access fraud in a federal court in Washington. Judge Amy Berman Jackson is scheduled to sentence him on May 16. Prosecutors allege that Council used forged identification and deceived an employee of a local mobile store to help him hack the victim's phone. The day before the SEC account was hacked, analysts had predicted that the SEC would announce the approval of the spot Bitcoin ETF. The fake post made by the hacker on January 9, 2024 caused the price of Bitcoin to soar.
NYSE Arca files 19b-4 for Grayscale's Cardano ETF
NYSE Arca, a subsidiary of the New York Stock Exchange, has filed a 19b-4 document with the US Securities and Exchange Commission (SEC) on behalf of Grayscale to launch a Cardano (ADA) spot exchange-traded fund (ETF). The ETF will be custodied by Coinbase Custody Trust Company, LLC and managed by BNY Mellon Asset Servicing. This is the first ADA-based ETF in the market. The application is the second step in submitting a spot crypto ETF to the SEC, and once accepted and published in the Federal Register, the approval process will officially begin.
Strategy invests $742.4 million to acquire 7,633 Bitcoins
According to Strategy's (formerly MicroStrategy) Form 8-K filing, the company acquired approximately 7,633 Bitcoins for approximately $742.4 million in cash from February 3, 2025 to February 9, 2025, at an average price of approximately $97,255 per Bitcoin (including fees and expenses). The funds for these Bitcoin purchases came from (i) proceeds from the issuance and sale of shares under a sales agreement, and (ii) proceeds from the issuance of STRK. As of February 9, 2025, the company and its subsidiaries held a total of approximately 478,740 Bitcoins, with a total acquisition cost of approximately $31.1 billion, at an average acquisition price of approximately $65,033 per Bitcoin (including fees and expenses).
Story mainnet will launch on February 13, $IP claim and query will open simultaneously
According to the official announcement from Story, its public mainnet will officially launch on February 13. At the same time, the $IP token claim and query function will also be opened on the same day, allowing users to check and claim their respective allocations.
Analysts predict the probability of LTC, DOGE, SOL, XRP spot ETF approvals, with LTC highest at 90%
According to analysts James Seyffart and Eric Balchunas, the current market has a relatively high probability of approving spot ETFs for Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), and XRP:
• Litecoin (LTC): 90%, as it is likely to be viewed by the SEC as a commodity
• Dogecoin (DOGE): 75%, also likely to be classified as a commodity by the SEC
• Solana (SOL): 70%, but the SEC still views it as a security
• XRP: 65%, mainly affected by the SEC lawsuit, needs to resolve regulatory disputes
Seyffart said the XRP and DOGE ETF applications are expected to be accepted by the SEC this week, and the SEC's crypto working group with Commissioner Hester Peirce is expected to resolve some "security vs. commodity" regulatory disputes by the end of 2025. He pointed out that if the SEC is still dominated by Democrats, the chances of these ETFs being approved 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, and the SEC needs to clarify the Ripple case first before the ETF has a higher chance of passing.
Bithumb will list the Story (IP) KRW trading pair, opening trading on February 13
OKX will list the IP spot trading on February 13
Coinbase International Pre-Launch market will list IP perpetual contracts
Virtuals Protocol: VIRTUAL token has expanded to the Solana chain
Binance Margin will remove HMSTR/FDUSD, SAGA/BTC and other leveraged trading pairs on February 17
Binance Margin will remove the following leveraged trading pairs on February 17, 2025 at 14:00 (UTC+8): Cross 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
The Holonym Foundation, a ZK digital identity project, is expanding its network by acquiring the identity verification platform Gitcoin Passport. On February 10, Holonym announced that it has acquired Gitcoin Passport for $10 million 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 status as a Proof of Humanity (PoH) solution, which allows individuals to verify their identity without revealing sensitive personal data. Passport is an identity verification aggregator that allows users to collect "stamps" or verifiable credentials from various Web2 and Web3 verifiers like Google or Holonym. It aims to protect user privacy and prevent Sybil attacks or hacking involving the creation of fake identities to manipulate networks.
According to the latest weekly report from CoinShares, digital asset investment products saw inflows for the fifth consecutive week last week, totaling $1.3 billion, bringing the year-to-date inflows to $7.3 billion. The recent price decline has caused the total assets under management of ETPs to drop from the record high of $181 billion at the end of January to $163 billion. Trading volume remained stable at $20 billion this week. Looking at the regional breakdown, the US saw inflows of $1 billion, but the phenomenon of buying the dip was widespread, with most other regions also seeing inflows, most notably Germany, Switzerland, and Canada, with inflows of $61 million, $54 million, and $37 million respectively. Bitcoin saw inflows of $407 million, with global ETPs currently accounting for 7.1% of the current market capitalization, making it the largest holder relative to any other entity. This week, Ethereum took the spotlight, with its price recently dropping to around $2,100, triggering a wave of buy-the-dip activity, resulting in inflows of $793 million, surpassing Bitcoin for the first time this year. Other notable inflows were for XRP and Solana, at $21 million and $11 million respectively. Blockchain equities also saw inflows of $33 million, bringing the year-to-date inflows to $194 million. PANews APP has been updated, download and experience it now!【Comments】 Feel free to express your views and exchange opinions
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