1. Top 10 CEX Trading Volume and 24H Price Change:
BTC: - 4.45%
ETH: - 10.32%
SOL: - 14.56%
DOGE: - 12.55%
XRP: - 9.88%
TRUMP: - 18.90%
KAITO: + 10.03%
IP: + 13.21%
SUI: - 15.41%
LTC: - 10.72%
24H Top Gainers (Data from OKX):
IP: + 12.64%
KAITO: + 9.18%
AUCTOIN: + 5.06%
POR: + 2.15%
METIS: + 1.77%
HMSTR: + 1.14%
MAX: + 0.71%
GODS: + 0.60%
ZKJ: + 0.51%
XAUT: + 0.48%
2. 24H Hot Searched Coins:
BAN, an art Meme coin, plunged over 50% in the afternoon yesterday;
PI, an old "community coin", has been listed on exchanges like OKX;
KAITO, airdropped, has been listed on Binance and other exchanges.
Headlines
SOL to See Massive Unlock on March 1, VCs Unrealized Profits Reach Billions
There is one week left before Solana's largest-ever token unlock (worth $2 billion). On March 1, 11.2 million SOL will be unlocked. The token unlock may put huge selling pressure on Solana, as a large portion of the locked tokens were purchased at a discount during the FTX auction. Crypto analyst Artchick.eth said that over 15 million SOL (about $2.5 billion) will enter circulation in the next three months, most of which were purchased by institutions like Galaxy Digital, Pantera Capital and Figure at $64 per SOL through the FTX auction. Galaxy's SOL purchased at $64 still has substantial profits.
Strategy Increases Holdings by 20,356 Bitcoins
According to market news, Strategy (formerly MicroStrategy) has increased its holdings by 20,356 bitcoins at an average price of $97,514.
BTC Briefly Drops Below 91,000 USDT
OKX market data shows that BTC briefly dropped below 91,000 USDT, with a 24H decline of 5.68%.
YZi Labs Invests in Crypto AI Startup Vana, CZ Joins as Advisor
YZi Labs invested an undisclosed amount in crypto AI startup Vana, and Binance co-founder CZ joined as an advisor. As part of the investment, CZ has joined Vana as an advisor, YZi Labs said on Monday. Vana co-founder Anna Kazlauskas said the strategic investment was completed in January 2025, but declined to comment on the structure of the funding round or the post-investment valuation.
Industry News
US SEC May Reconsider Lawsuit Against ConsenSys' MetaMask Staking Service
According to Fox Business reporter Eleanor Terrett, given the SEC's recent focus on staking, the agency may revisit the lawsuit it filed last year against ConsenSys over its MetaMask staking service. The SEC had previously accused ConsenSys of engaging in unregistered brokerage activities, but this allegation has now been withdrawn, similar to the dismissal of charges against Coinbase.
NYSE's Largest Market Maker Citadel Securities Seeks to Make Markets in Bitcoin and Crypto
According to market news, Citadel Securities, the $65 billion market maker on the NYSE, hopes to become a liquidity provider for Bitcoin and cryptocurrencies, betting on former President Trump's support for the industry.
Market News: Canary Files HBAR ETF Application with Nasdaq
According to market news, Canary has filed an HBAR ETF application with Nasdaq.
Dubai Financial Services Authority Approves USDC and EURC as First Recognized Stablecoins
The Dubai Financial Services Authority (DFSA) has officially recognized Circle's stablecoins USD Coin (USDC) and EURC as approved tokens, making them the first stablecoins recognized under the regulatory framework. The new regulations will allow companies within the Dubai International Financial Centre (DIFC) to use these two stablecoins in various digital asset applications such as payments and treasury management. Since its establishment in 2004, DIFC has attracted nearly 7,000 active companies and strictly only permits recognized cryptocurrencies to operate.
South Dakota Rejects Bitcoin Reserve Bill
In the legislative session on February 24th local time, the South Dakota House of Representatives' Commerce and Energy Committee decided to postpone HB 1202 bill to the '41st day' of the legislative session. However, the state legislature has a maximum of 40 days, effectively rejecting the bill, meaning the state will not include Bitcoin as an official investment option for now.
Project News
Ethereum's Pectra Upgrade to Launch Test on Holesky
Ethereum's Pectra upgrade will launch on the Holesky testnet tonight at 9:55 UTC, allowing developers to test it before it enters the Ethereum mainnet. Pectra introduces features to enhance Ethereum accounts, support L2 scaling, and improve the validator user experience.
Sky Founder: 1 Million USD Worth of SKY Tokens to Be Burned Daily
Sky founder Rune posted on the X platform that the "Sky Smart Burn Engine" has just been activated, purchasing and burning SKY tokens at a rate of around $1 million USDS per day.
Metis Foundation's Natalia Writes to Community, Calls for Building New AI+Web3 Narrative
Natalia Ameline, from the Ethereum Layer 2 Metis Foundation, wrote an open letter to the entire community on Metis' official X, analyzing the stagnant state of Ethereum in the current cycle, detailing Metis' ReGenesis plan launched in January, and stating that Metis will act as a reformer to save the Ethereum ecosystem and even lead the entire blockchain ecosystem upgrade, embracing a complete Web3+AI.
Consumer-Grade Blockchain Morph Launches DeFi 2.0 with New Partners and 7x Bonus Rewards
The consumer-grade blockchain Morph launched its DeFi 2.0 version on February 24th at 10pm Beijing time. Based on the original bulbaswap liquidity pool, Morph has added Concrete and Layer Bank as new DeFi liquidity pool partners. Currently, depositing assets into the liquidity pools will significantly increase the Morph points users can earn, with different dApps having their own multipliers: BulbaSwap - 2x; LayerBank - 2x; Concrete - 2.6x. To celebrate the new partnerships, Morph will provide a higher 7x Morph points bonus for these liquidity pools in the first 7 days, reverting to the standard multipliers (2x/2.6x based on the pool and asset) after day 7.
Babylon Foundation Posts "Hello World", May Announce TGE-Related News Soon
The Babylon Foundation has posted "Hello World" on the X platform with a video, or will soon announce news related to the TGE.
The Conan project team on the Solana chain announced that they have completely relinquished control
According to official information, the Solana chain Trump concept coin Conan project team announced the successful completion of a 19.5% token burn, with the burned tokens valued at about $3 million. The team has officially relinquished all control, achieving fully decentralized governance. 2% of the tokens were sent to a Binance address, and the remaining tokens have been transferred to a black hole address, and the project will be fully community-driven in the future.
NEXUS: The developer network system is now online, and users can start Devnet mining
According to official information, the NEXUS developer network operating system has gone online, and users can start Devnet mining activities. This includes: Devnet OS, Devnet chain and Devnet explorer. Previous news, NEXUS Testnet II was closed at 4:00 am on February 23.
pump.fun may launch its own Swap platform
The pump.fun website shows that pump.fun has added a Swap module, and the community speculates that it may launch its own Swap platform to replace Raydium.
Personalities & Voices
Arthur Hayes: Bitcoin is expected to fall to 70,000 USDT
BitMEX co-founder Arthur Hayes posted on the X platform that many IBIT holders are hedge funds, who earn higher returns than short-term US Treasuries by going long on ETFs and shorting CME futures. If the BTC price drop causes the basis to narrow, these funds will sell IBIT and buy back CME futures.
Alliance DAO founder: the value of dApps lies in the front-end, not the underlying smart contracts
Alliance DAO founder and core contributor Qiao Wang posted on the X platform that "a few years ago, I had already proposed that, contrary to intuition, the value of dApps lies in their front-end (webapp, browser extensions, mobile apps, etc.), not the underlying smart contracts. The launch of pump's amm causing a 30% drop in Raydium is a clear example."
Infini, the stablecoin digital bank founder, Christian, posted that "I know the hacker may be monitoring my tweets, so this is my sincere message: I have done my best to show that there are still good and responsible people in this industry. I deeply regret my mistakes and will strive to do the right thing for my users." "I hope there is a way to recover what we have lost, and I am willing to offer a 20% reward of the stolen amount, and promise not to take legal action if the funds are returned. In any case, I will continue to love and support this industry."
Bybit CEO: Bybit has fully covered the ETH shortfall
Bybit CEO Ben Zhou posted an update saying, "Bybit has fully covered the ETH shortfall, and the new audited asset proof (POR) report will be released soon, so stay tuned."
