Bitcoin
Rezolve Ai Launches Groundbreaking $1 Billion Bitcoin Treasury
Market news: Rezolve Ai has launched a groundbreaking $1 billion Bitcoin treasury to drive the future of AI-driven cryptocurrency business.
US Senator Cynthia Lummis: State-Level Bitcoin Strategic Reserves May Precede Federal Strategic Reserves
US Senator Cynthia Lummis stated today, "We're likely to see state-level strategic Bitcoin reserves before we see federal strategic reserves. Right now, we don't have enough people in the House and Senate to do this."
Institutional Analysis: Bitcoin May Extend Losses, Only Trump Policy Intervention Can Salvage
Hargreaves Lansdown analyst Susannah Streeter noted in a report that Bitcoin may extend losses as risk sentiment sours due to concerns over a global trade war. Only support from the Trump administration could prevent further Bitcoin declines. While Trump signed an executive order in his first week to ease cryptocurrency regulations, this did not impress investors. Streeter said, "The extent of the crypto crash this week is a 'brutal reminder' that people should not speculate with money they cannot afford to lose on such high-risk asset classes."
CZ: Bitcoin Will Not Perish, No Need to Panic
Binance founder CZ tweeted, "No need to panic, Bitcoin will not perish."
Waste Facility Manager: James Howells' Chances of Recovering $669 Million Bitcoin Hard Drive Almost Zero
IT engineer James Howells from Newport accidentally discarded a hard drive containing $669 million worth of Bitcoin. Although he is attempting legal action to access the landfill or directly purchase the site, a UK waste facility manager has questioned the likelihood of recovery, stating the chances of finding the lost hard drive and recovering the $669 million in Bitcoin are almost zero. Howells, a computer engineer from Newport, South Wales, believes his ex-wife accidentally threw away the hard drive containing his Bitcoin wallet in 2013, and has taken legal action to try to access the local landfill site or demand £495 million ($609 million) in compensation from the Newport City Council. At a December hearing, the court learned that Howells, an early Bitcoin user, had mined over 7,500 Bitcoin in 2009 when the value was low. However, the judge dismissed the case on January 9, stating that after so much time, the grounds for bringing the case were insufficient, and "the chances of success are almost zero" if the case continued. A UK commercial waste company stated that even if Howells manages to access the site, the probability of finding the hard drive in 1.4 million tons of waste is only one in 9.02 billion.
BlackRock's Bitcoin and Ethereum Holdings Total Around $50 Billion
Arkham monitoring data shows that despite recent market volatility, institutional holdings remain substantial, with BlackRock's Bitcoin and Ethereum holdings totaling around $50 billion, Fidelity holding $20 billion in Bitcoin, and Strategies holding up to $40 billion in Bitcoin.
Ethereum
Ethereum Developers Launch Pectra Testnet on Holesky
The Ethereum Pectra upgrade was launched on the Holesky testnet at 9:55 PM UTC on February 26, allowing developers to test it before it enters the Ethereum mainnet. Pectra introduces features to enhance Ethereum accounts, support Layer 2 scaling, and improve the validator user experience. According to the Ethereum Foundation, Pectra represents an important step towards account abstraction. One major change includes EIP-3074, which enhances Ethereum account abstraction by allowing Externally Owned Accounts (EOAs) to execute batched transactions and sponsor gas payments. Additionally, the Pectra upgrade will increase Ethereum's blob capacity by 50%, from the current average of 3 blobs per block to 6 blobs per block.
Ethereum Foundation Executive Director Aya Miyaguchi Promoted to Chairperson
Ethereum Foundation Executive Director Aya Miyaguchi has been promoted to Chairperson of the Ethereum Foundation. Aya Miyaguchi stated that she will uphold Ethereum's values, advocate for diversity, and expand the influence of Ethereum's vision and culture. She is committed to ensuring Ethereum's technological and social innovations serve human values. In 2013, Aya Miyaguchi was responsible for Kraken's operations in Japan. In February 2018, she joined the Ethereum Foundation as Executive Director, primarily coordinating and organizing the Foundation's activities, including internal affairs and community collaborations such as education and events.
Vitalik: Ethereum Considering Migration to Poseidon Hash to Optimize Zero-Knowledge Proof Friendliness
According to Ethereum co-founder Vitalik Buterin, Ethereum is seriously considering migrating the network to the Poseidon hash function to optimize zero-knowledge proof friendliness. Vitalik strongly encouraged researchers to participate in the Poseidon cryptanalysis effort, stating that obtaining more information about its security properties is extremely valuable.
Ethereum Foundation: Donating $1.25 Million to Support Tornado Cash Developer's Legal Defense
The Ethereum Foundation stated that it will donate $1.25 million to support the legal defense of Tornado Cash developer Alexey Pertsev. The Ethereum Foundation emphasized in its statement that "privacy is normal, and writing code is not a crime." Alexey Pertsev is the developer of the privacy mixing protocol Tornado Cash, which allows users to make anonymous transactions on the blockchain. The Ethereum Foundation's move demonstrates its support for developer rights and the value of blockchain privacy, and also encourages the community to provide additional donations for Pertsev's legal defense. Previously, Pertsev faced legal charges for developing Tornado Cash, sparking widespread discussion in the crypto community about code freedom and developer rights.
US SEC Delays Approval of Fidelity's Spot Ethereum ETF
The US Securities and Exchange Commission (SEC) announced a delay in approving Fidelity's spot Ethereum ETF.
Other Projects
MetaMask Releases New Roadmap: Introducing Smart Contract Accounts, Batch Transactions, and MetaMask Debit Card
The popular Ethereum wallet MetaMask has unveiled a new development roadmap, focusing on user experience optimization and plans to introduce smart contract accounts (CA), ERC-5792 batch transaction functionality, and a MetaMask debit card. New features include the introduction of smart contract wallets, which, unlike the current Externally Owned Accounts (EOAs) relying on private keys, support transaction recovery mechanisms to enhance asset security. Additionally, MetaMask will enable ERC-5792 batch transactions, allowing users to complete approval and transactions with a single click, reducing Gas fees and operational steps. The MetaMask team also announced that its MetaMask debit card will launch in select US states in mid-March, after previous trials in the UK and EU. The card allows users to directly use the crypto assets in their wallets for payments and is compatible with the Mastercard network. Furthermore, MetaMask will add support for Bitcoin (BTC) and Solana (SOL), enabling users to manage multiple blockchain assets within a single wallet. The team stated that they will continue to optimize multi-chain integration to enhance the overall user experience.
Uniswap Integrates Robinhood, MoonPay, Transak, Launches Fiat Off-Ramp
Uniswap Labs has launched a native fiat off-ramp feature, allowing users to directly convert their crypto assets to fiat currency and withdraw to their bank accounts within the Uniswap wallet. This functionality is enabled through integrations with Robinhood, MoonPay, and Transak, and will be expanded to the Uniswap browser extension and website in the future. Users can exchange supported ERC-20 tokens for USDC, ETH, and other stablecoins, and then quickly withdraw to their accounts. Uniswap Labs stated that the feature covers over 180 countries, significantly improving the liquidity between crypto assets and fiat currencies.
Gift Card Crypto Platform Raise Raises $63 Million
Gift card crypto platform Raise has announced a $63 million funding round, led by Haun Ventures.
YZi Labs invests in crypto-AI startup Vana
YZi Labs announced an investment in crypto-AI startup Vana, with the specific amount undisclosed.
Sixth Street invests $200 million in blockchain lending company Figure Technology Solutions
Global investment firm Sixth Street has invested $200 million in U.S. blockchain lending company Figure Technology Solutions, aiming to drive efficiency and cost reduction in the lending market through blockchain technology. This investment will enable Figure to issue up to $2 billion in new loans and help the company expand into other lending markets.
