1. Top 10 CEX Trading Volume and 24-Hour Price Changes:
ETH: + 2.13%
BTC: - 0.2%
SOL: - 6.16%
XRP: - 3.42%
TRUMP: - 9.44%
PEPE: + 1.62%
DOGE: - 3.49%
BNB: - 0.96%
LTC: - .391%
SUI: - 2.86%
24-Hour Gainers (Data from OKX):
ZBCN: + 17.44%
S: + 16.46%
STORJ: + 12.97%
CVC: + 10.38%
ZCH: + 10.05%
IP: + 8.08%
PRQ: + 7.26%
MKR: + 6.89%
BERA: + 6.055%
ULTI: + 6.32%
2. 24-Hour Trending Altcoins
HULEZHI:
See 《I, hulezhi, a brain-machine slave, decide to dump 500 ETH into the black hole》.
Headlines
Argentine President Milei Says He Did Not Promote Cryptocurrencies, But Shared Them
Odaily report: According to market news, Argentine President Milei said he did not promote cryptocurrencies, but only shared them. Milei also stated: "Those involved in it are very aware of what they are doing - they are volatile traders."
Previously, Milei's X account had retweeted a post on "how to buy $LIBRA".
CZ: As a Shareholder, Binance Will Not Be Sold
Odaily report: Binance co-founder CZ posted on the X platform that "some Asian competitors are worrying about selling Binance (CEX). As a shareholder, Binance will not be sold. Top investors have always been very interested in Binance. Over time, we may allow some investments in the single-digit percentage range."
12.1 Million SOL from FTX Bankruptcy Auction to Be Unlocked on March 1, Worth $206 Million
Odaily report: According to on-chain analyst Ai Aunt, FTX had sold 41 million SOL in three auctions, with the top 3 buyers and auction prices as follows:
Galaxy: Bought 25.52 million SOL at $64, with a return rate of 187%;
Pantera and other buyers: Bought 13.67 million SOL at $95, with a return rate of 93%;
Figure and other buyers: Bought 1.8 million SOL at $102, with a return rate of 80%.
A Wallet Transferred 500 ETH to a Burn Address and Donated 711 ETH to WikiLeaks
Odaily report: According to lmk.fun monitoring, a wallet transferred 500 ETH (about $1.38 million) to a burn address and left a Chinese message, involving the use of brain-machine weapons by the boss of an investment company to persecute employees. The wallet is said to belong to programmer HULEZHI.
In addition, this address has recently donated ETH to the following organizations:
711 ETH (about $1.91 million) to the WikiLeaks address;
700 ETH (about $1.87 million) to the Endaoment address;
133 ETH (about $354,000) to the Ethereum Foundation address.
Pump.fun Sees First Instance of Meme Coin Deployment Not Selling Out in 30 Minutes
Odaily report: According to @TMB_Agent monitoring, pump.fun today saw the first instance of a Meme coin deployment not selling out within 30 minutes.
ZhuSu: It's Time to Go All-In on ETH
Odaily report: Three Arrows Capital founder ZhuSu posted that "it's time to go all-in on ETH."
Industry News
Binance Launches "Do You Want PI to List on Binance?" Vote
Odaily report: According to official information, Binance has launched a "Do You Want PI to List on Binance?" vote. Users must log in to their verified Binance account and hold at least $5 equivalent to vote, otherwise their votes will not be counted. Each user can vote once during the voting period, voting "Yes" or "No". The voting period is from February 17, 2025 22:45 to February 28, 2025 07:59 (UTC+8).
Coffeezilla: LIBRA Team Admitted to Targeting Their Own Token in Interview
Odaily report: YouTube journalist Coffeezilla (@coffeebreak_YT) posted on X that "in this LIBRA interview, their team admitted to targeting their own token."
Odaily report: Meteora co-founder Ben Chow again responded to LIBRA-related questions on X.
Ben Chow stated: "Meteora and I have never privately received or managed any tokens, nor have we participated in any off-chain transactions. We maintain the highest level of confidentiality regarding the launch of any tokens on our platform. For confidentiality reasons, only a few people within Meteora can access launch information. Typically, only I know the launch time, and the token/pool addresses are only provided to me and one or two on-call engineers (if any) just minutes before launch."
"The complexity of DLMM often requires non-crypto native users (e.g. celebrities, politicians, etc.) to hire deployers and/or market makers when launching tokens. We do not provide these services, but issuers often reach out to me for recommendations on deployers and/or market makers. Hayden Davis of Kelsier Ventures is one of the deployers/market makers I have recommended to projects in the past few months. We do not have a special relationship with Kelsier, we just worked with them when launching M 3 M 3 a few years ago and they seemed trustworthy, so I have recommended them to some projects, including the team behind MELANIA. As with other projects, our role has been limited to technical support, and we have not purchased, received or managed any tokens related to MELANIA."
"As for LIBRA, while we learned of its potential a few weeks ago through Hayden, we have only provided IT support and have not been involved in the project in any other way. Neither I nor the Meteora team have leaked information to disrupt LIBRA's launch, nor have we purchased, received or managed any tokens."
KIP: Did Not Manage or Guide LIBRA Token Issuance, Did Not Profit from It
Here is the English translation of the text, with the specified terms translated as instructed: Odaily reported that the KIP Protocol issued a recent statement saying that KIP Protocol CEO Julian Peh did indeed meet with President Milei at the "Tech Forum Argentina" trade show in Argentina on October 19, 2024. This was Peh's first meeting with President Milei. No specific projects, including the "Viva la Libertad" project, were discussed or mentioned, nor was the issuance of any tokens discussed. KIP Protocol is not engaged in the business of helping organizations issue tokens. KIP Protocol is a technology company focused on deploying Artificial Intelligence infrastructure, and its business revolves around this core, so it is rarely involved in other affairs. KIP Protocol was not aware of the meeting on January 30, 2025 and did not participate in it. Peh learned about the launch of a token project around February 13, 2025, which ultimately became part of that project. Peh was told that Hayden/Kelsier Ventures would lead the project and initiate the token issuance, and that KIP Protocol would participate after the token issuance. The agreed terms were that KIP Protocol would only act on Kelsier's direct instructions. KIP did not initiate the project, nor did it manage or guide the token issuance process, did not receive any tokens before or after the issuance, and did not profit from the token issuance. KIP was not even notified by Kelsier when the Libra token was launched. Therefore, it is incorrect to describe it as "a KIP Protocol project". Bubblemaps, a blockchain data company, stated in a post that there is a high degree of confidence that LIBRA and MELANIA are controlled by the same group. The investigation into the sniper activities on MELANIA showed that the address starting with 0xCEA, which is associated with the creator of MELANIA, profited over $2.4 million, and the funds were transferred to USDC through a cross-chain transfer protocol. There are multiple ways to link 0xCEA to the creator of MELANIA, and the company is confident these are not coincidences. This means the creator of MELANIA (or someone close to their team) may have personally participated in the sniping. Weeks later, 0xCEA was providing funding to DEfcyK, the creator of LIBRA, by withdrawing 87 million LIBRA creator tokens. Worse, 0xCEA also sniped LIBRA and profited $6 million, using the same method as with MELANIA. According to Lookonchain's monitoring, an insider who knew about the LIBRA launch in advance bought too late and lost $5.34 million, but received a $5 million USDC compensation. The wallet may belong to Bartool Sports founder Dave Portnoy (@stoolpresidente). Crypto analyst Julian Fahrer disclosed data showing that as of the end of 2024, 12 state pension funds or treasuries in North America reported holding a total of $330 million worth of Strategy (formerly MicroStrategy) stock MSTR. The California State Teachers' Retirement System has the largest exposure, holding 285,785 shares of MSTR worth about $83 million. Billionaire Paul Tudor Jones' investment firm disclosed that it holds $426.9 million worth of BlackRock's IBIT, double the position it reported in the previous SEC filing. The founder of the Argentine development team LambdaClass, Federico Carrone, said in a post that he is considering whether Lambda should file a lawsuit. He does not want to make money from it, but the LIBRA incident has destroyed the cryptocurrency market in Argentina. In other news, the MELANIA team's tokens will start unlocking in the next few days (1/19 ~ 20), with 3% (30 million tokens) of the total supply worth $39 million being unlocked. DEXX has started compensating users with under 5,000 USDC who had a secure wallet and had staked, and has begun compensating users with 5,000-8,000 USDC.Here is the English translation of the text, with the specified terms translated as instructed: Odaily Report: DEXX published an article on X to explain the questions and issues related to the compensation progress: 1. Compensation sequence: Compensation will be made in ascending order of amount. 2. Compensation progress: From the 8th to the 14th, all users with "secure wallet + staked" of 5,000 U or less have been compensated. On the 15th and 16th, we are collecting user feedback and making up for any omissions. On the 16th, we have started compensating users with 5,000-8,000 U. 3. Why is the compensation speed not as fast as expected? Recently, we have received a large number of voices on Telegram stating that they are within the compensation scope but have not received the compensation. However, after checking, we found that some have already been compensated 1-3 days ago, and the others are due to the lack of staking/secure wallet generation. Within 2 days, we received a total of 863 similar private messages/customer service tickets, and after verification and statistics, only 152 cases were valid, and the large number of repeated private messages/customer service tickets has slowed down the compensation progress. 4. Why has the compensation amount reached the 5,000-10,000 range, but I still haven't received the compensation? To successfully receive the compensation, two conditions must be met: a secure wallet has been generated at the time of compensation, and the NFT has been staked. Most people did not generate a secure wallet at the time of compensation. If you have checked your wallet and confirmed that you have not received the compensation, please first ensure that you have generated a secure wallet and staked the NFT, then contact customer service to register. 5. I still haven't received the NFT, what should I do? The NFT claiming channel has been closed, and you need to find the customer service to manually register. Your compensation will be postponed. 6. Can the daily compensation information be published? Since our compensation is randomly transferred from the exchange's hot wallet to your wallet, it takes time to capture the hash. We will randomly publish some hashes in the community every day. Linea Completes Witch Attack Appeal Review, Removes 3,500 Misjudged Addresses Odaily Report: Linea announced on the X platform that it has completed the review of the Sybil attack appeal on its ecosystem and updated the Sybil list based on the review results. This review confirmed 3,500 misjudged addresses and removed them from the list. Linea thanked the Nansen team for their continuous support throughout the review process. Users can check their account status through poh.linea.build. The official reiterated that it will continue to ensure the fairness and integrity of the ecosystem and will release more related announcements in the future. Aztec Roadmap: Decentralized Testnet to Launch in Q1, Mainnet Ignition Expected Mid-Year Odaily Report: According to the roadmap released by the privacy and scalability solution Aztec, its decentralized testnet is expected to launch in the first quarter of 2025, with multiple wallets, browsers, and L1 to L2 bridges going live at that time. In addition, cross-chain work will commence in April, and the Ignition mainnet is planned to launch in the middle of the year. Nexus: Testnet II to Launch on February 18, Layer 1 Architecture and Roadmap to Be Unveiled Soon Odaily Report: According to official information, the Nexus Layer 1 blockchain has been launched recently. After the release of Nexus zkVM and Nexus Network, this is the next step in the development of the Nexus project. The team will share more details about its Layer 1 architecture, roadmap, and technical elements in the coming weeks. Furthermore, the team will launch Nexus Testnet II on February 18, 2025, at 9:00 AM Pacific Time, and the testnet will remain open until 4:00 PM Pacific Time on February 21, 2025. The goal of Testnet II is to prepare for the integration of the Nexus Layer 1 blockchain. In June last year, Nexus announced the completion of a $25 million Series A funding round, co-led by Lightspeed and Pantera, with participation from Dragonfly, Faction, and Blockchain Builders Fund. Regulatory Policy Five Major Korean Exchanges Expected to Apply Travel Rule to Crypto Asset Transfers Under 1 Million KRW Odaily Report: The five major cryptocurrency exchanges in Korea are expected to introduce the Travel Rule for crypto asset transfers under 1 million KRW. Previously, exchanges were required to apply the Travel Rule when exchanging crypto assets into KRW for transfers over 1 million KRW, but they are now expanding this rule to transactions under 1 million KRW and increasing transparency. According to industry sources, Coinone and Korbit are studying plans to prohibit the transfer of crypto assets under 1 million KRW to unconfirmed accounts/wallets. Coinone and Korbit officials responded that they are "currently under internal review." Following Upbit, Bithumb has recently implemented the Travel Rule for crypto asset transfers under 1 million KRW, and other major domestic exchanges are expected to join as well. (Newsis) Texas to Hold First Public Hearing on Establishing Strategic Bitcoin Reserve on February 18 Odaily Report: The first public hearing in Texas on the potential establishment of a strategic Bitcoin reserve is scheduled for February 18. Nexo research analyst Iliya Kalchev stated that while the hearing is a positive step in promoting Bitcoin adoption, it may only represent a "symbolic gesture" for the cryptocurrency market. Kalchev commented: "Texas viewing Bitcoin as a reserve asset is another step towards institutional legitimacy for BTC, but state-level initiatives often only create ripples, not waves, compared to ETF inflows or corporate allocations." He added, "Unless the hearing announces near-term purchase plans or major policy shifts, the market reaction is likely to be muted, as Texas' support for cryptocurrencies is already well-known." (Cointelegraph) Personalities & Voices CZ: Tried Many Wallets, But Never Bought Meme Odaily Report: In a reply on X, CZ stated: "I've tried many wallets, but never bought Meme." pump.fun Co-Founder: Hope LIBRA Incident Perpetrators Are Punished, Demand for Permissionless On-Chain Creation/Speculation Won't Disappear Odaily Report: Alon Cohen, the co-founder of pump.fun, posted on X: "I'm disgusted by the events surrounding LIBRA over the past few days. The people behind this project have profited handsomely at the expense of many users, the ecosystem, and even entire countries. I hope the perpetrators are punished accordingly. I know the situation is still evolving, so if you're aware of any misconduct by any participants in the ecosystem, no matter how small, you should speak up. I also know some may be in a difficult position, so my DMs are open if I can provide any assistance. The events of this weekend are particularly heartbreaking, as pump.fun was built to explicitly address some of the issues exposed over the past few days. Most importantly, the involvement of intermediaries like 'dev teams' and market makers is absurd - creating a Meme coin should be incredibly simple and accessible to anyone. The mere existence of such participants means anyone can be easily exploited. Due to the destruction caused by these events, many have stated this could be the 'end of Meme coins.' While I sympathize with those who hope to see the end of Meme coins, as they are tired of such incidents, the fact is that the user demand for permissionless on-chain creation/speculation will not disappear. You've seen the same core user behaviors in the Meme coin space before - whether it was Dogecoin, the ICO craze, NFTs/DeFi - in an increasingly attention-driven economy, users will undoubtedly continue to want to trade on world events, culture, technology, and more. That said, it's crucial that platforms provide guardrails to ensure users are as safe as possible while still meeting their needs. Here are some areas I believe should be focused on to achieve this goal: 1) Educating users on how to create tokens safely and ethically 2) Making the onboarding of new traders more user-friendly 3) Prioritizing user protection at the interface level While no permissionless platform can fully eliminate negative on-chain outcomes, the interface can create a safer environment by reducing the visibility of tokens exhibiting suspicious trading patterns, setting reasonable default slippage settings (hint: less than 20%), and more. Although there will never be a perfect solution, I believe we can work towards creating platforms that empower users to participate in this space safely and responsibly."Michael Saylor: Even if Bitcoin plunges 98%, the company will not face liquidation risk
Odaily report: In an interview, Michael Saylor, founder of Strategy (formerly MicroStrategy), said that the company has acquired most of its Bitcoin through equity. For example, we currently have Bitcoin worth $45 billion to $50 billion, while our debt is only $3 billion, and these debts are all secured by assets. So in fact, the Bitcoin we own is 15 times the collateral for our debt. And our debt is non-recourse, with a term of over four years. Even if Bitcoin plunges 98%, the company will not face liquidation risk. The company owns permanent capital.
In addition, the company will not lend or pledge Bitcoin to earn interest in the future, believing that the smartest approach is to issue securities collateralized by Bitcoin.
Regarding "whether MicroStrategy will develop its own Bitcoin Layer 2 network or support existing Bitcoin Layer 2 solutions", Saylor said, "I think we will first observe the market development. You can see MicroStrategy as already operating on the Bitcoin third layer. The second layer is open protocols like Lightning, while the third layer is proprietary protocols like Binance, Coinbase or MSTR, which have a multi-billion dollar daily trading volume. We recently also launched Strike, another third-layer protocol, with a daily trading volume of tens of millions, even exceeding $50 million. These are the security layer, or the third-layer protocols, which are already very powerful and have attracted a certain type of investor. In the future, second-layer solutions like Lightning may succeed, but I think the real trillion-dollar opportunity is currently in the third layer."
Saylor also revealed, "I don't hold any other cryptocurrencies. About four years ago, I publicly disclosed that I held 17,732 Bitcoins, with an average purchase price slightly below $10,000 per coin. I don't remember the exact number, but this information can be found in my public tweets. Since then, I've bought some more, but I've never sold any. So I now hold more Bitcoins than I did back then, but I haven't publicly disclosed the exact increase."
Santiment: ETH shows signs of moderate rebound, exchange-available supply ratio hits new low
Odaily report: Santiment posted on X that ETH has shown signs of a moderate rebound, with the current market price rising to $2,745, outperforming most Altcoins at the beginning of the week. In the long run, ETH continues to move from exchanges to cold wallets at an amazing pace, with the exchange-available supply ratio at only 6.38% (the lowest level since inception).
At the same time, the community has shown new interest in ETH performance in February. After underperforming other high-cap coins in 2024, people are now expecting ETH to rebound when the market fully recovers.
Analyst: As the Meme coin craze subsides, the market will rotate from SOL to ETH
Odaily report: Crypto analyst Michaël van de Poppe posted on X that "ETH is starting to gain some momentum. In the Web3 ecosystem, I think we will clearly see a rotation from SOL to ETH. People are tired of the Meme coin casino, which has a lot of flaws, and this usually signals the end of a period. Next up are utility tokens."
Murad: Ethereum Meme coins may see significant outperformance in the coming weeks
Odaily report: Meme coin KOL Murad posted on the X platform that Ethereum-based Meme coins will see significant outperformance compared to the market in the coming weeks.
