Daily Report | Musk changes X account nickname to Harry Bōlz; Binance and SEC jointly apply to pause the lawsuit for 60 days; Binance Alpha adds OLAS, MLG, STRDY
February 11 News OverviewOrganizer: Fairy, ChainCatcher
Important News:
- Japanese game manufacturer Gumi plans to purchase $6.6 million worth of Bitcoin
- Musk changes his X account nickname to Harry Bōlz
- Binance Alpha adds OLAS, MLG, STRDY
- Binance and SEC jointly request the court to pause the lawsuit for 60 days, as SEC's cryptocurrency working group may intervene in the case
- SEC accepts 21Shares Bitcoin and Ethereum spot ETF physical redemption application
- Upbit will launch Solayer (LAYER) trading pairs in KRW, Bitcoin, and USDT
"What important events happened in the past 24 hours"
Musk changes his X account nickname to Harry Bōlz
Musk changed his X account nickname to Harry Bōlz and updated his X account bio to "A Shortfall of Gravitas."
Binance Alpha adds OLAS, MLG, STRDY
According to the official page, Binance Alpha has added OLAS, MLG, STRDY.
Upbit will launch Solayer (LAYER) trading pairs in KRW, Bitcoin, and USDT
According to the official announcement, Upbit will launch LAYER's KRW, BTC, and USDT trading pairs, with token deposits opening on February 11 at 21:00 (UTC+9), supporting the Solana network.
Binance HODLer airdrop will launch Solayer (LAYER) and open spot trading
Binance will launch its eighth HODLer airdrop project Solayer (LAYER) on February 11, 2025, at 22:00 (Beijing time). Users who participate in BNB Simple Earn staking from February 1, 8:00 to February 6, 7:59 (Beijing time) will receive LAYER token airdrops.
Airdrop details will be announced before 20:00 today, and tokens will be distributed to users' spot wallets one hour before trading opens (around 21:00). Binance will also open trading pairs for LAYER against BTC, USDT, USDC, BNB, FDUSD, and Turkish Lira (TRY), marking LAYER as a seed round token.
Binance and SEC jointly request the court to pause the lawsuit for 60 days, as SEC's cryptocurrency working group may intervene in the case
According to Fox Business News reporter Eleanor Terrett, Binance and the U.S. Securities and Exchange Commission (SEC) have jointly submitted a motion to the court requesting a 60-day pause in the lawsuit. This is the first cryptocurrency-related lawsuit pause request since Mark Uyeda took over as acting chairman.
Both parties stated that the newly established SEC cryptocurrency working group may impact the case and facilitate a resolution. After the 60-day period, both parties will submit a joint status report to assess whether a continued pause is necessary. Terrett expects that other non-fraud cases, such as Ripple, Coinbase, and Kraken, may take similar actions.
Decentralized computing monetization network NodeGo completes $8 million financing, led by Hash Capital
Decentralized computing monetization network NodeGo announced the completion of $8 million in financing, led by Hash Capital. The new funds are intended to build a network that allows users and businesses to contribute to AI tasks through spatial computing and other computations while enabling participants to earn rewards.
SEC accepts 21Shares Bitcoin and Ethereum spot ETF physical redemption application
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.
Japanese game manufacturer Gumi plans to purchase $6.6 million worth of Bitcoin
According to The Block, Japanese mobile game studio Gumi stated that it plans to purchase Bitcoin worth 1 billion yen (approximately $6.58 million). The company indicated that it expects to generate secondary income by staking the remaining Bitcoin in the Babylon staking protocol.
According to the company's statement, Gumi plans to carry out this acquisition between February and May of this year.
"What important events happened in the past 24 hours"
Interview with EdgeX founder Davy: How does the decentralized edge computing network promote the popularization of AI Agents?
During the Spring Festival, DeepSeek's stunning debut brought AI back into the spotlight, impacting the AI industry with its outstanding performance and cost-effective development costs. Currently, how to reduce the operating costs of AI models, improve operational efficiency, and make them more widespread has become a narrative theme in the AI industry.
As early as last year, the decentralized edge AI computing network EdgeX began efforts to lower the barriers to AI operation, aiming to build a foundational network connecting users and AI. Its strength lies in the distributed computing infrastructure, where the operational resources required by AI Agents are provided by users, thus promoting the realization and development of decentralized edge computing.
EdgeX is fully committed to building a decentralized AI infrastructure platform that integrates distributed computing resources with an AI scheduling management system, creating an efficient, secure, and transparent decentralized computing network that supports various AI models to run seamlessly in a distributed environment, promoting the widespread implementation and application of AI technology in edge scenarios.
My assets have halved from their peak; how should I adjust my mindset?
Your portfolio peak or historical highest net worth does not represent real wealth.
Even your current portfolio or gains and losses (especially the unrealized part) cannot be taken for granted.
The core point is: How much you earn is not important; the key is how much you can keep.
As I mentioned in a previous article, most people (whether by active choice or passive result) will fall into one of two situations: either earning little but keeping a lot, or earning a lot but keeping little.
What you must avoid is a bad middle state------earning little and keeping little, which is the biggest failure.
If the altcoin season is a huge casino, which table should you choose?
After a crazy fourth quarter, it's time to calm down and reflect. Many significant changes have occurred in the market within just three months.
This situation is different from before.
Everyone is looking forward to the arrival of the "altcoin season" (the moment when the blue line exceeds the orange line), just like in 2021-2022 when all altcoin prices experienced explosive growth. However, since the launch of the Bitcoin ETF in January 2024, the gap between Bitcoin (BTC) and the TOTAL2 index (representing the total market cap of altcoins) has been continuously widening.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of February 11, 19:40:
The top five popular Ethereum tokens in the past 24 hours are: HARRY, MEVSC, SPX, BOLZ, UNI
The top five popular Solana tokens in the past 24 hours are: YODA, $MIA, USA, jailstool, Fartnoy
The top five popular Base tokens in the past 24 hours are: VIRTUAL, B3, AIXBT, BRETT, TOSHI
