Daily Report | The LIBRA team admitted to targeting the token during an interview; Zhu Su: It's time to go all in on ETH; Zhao Changpeng: "Criticized" Trust Wallet many times, the team has started to make improvements
February 17 News OverviewOrganizer: Luan Peng, ChainCatcher
Important News:
- Michael Saylor proposes that the U.S. should acquire 20% of the total Bitcoin supply
- The Central Commission for Discipline Inspection discusses the case of Yao Qian using virtual currency for power-money transactions, emphasizing the importance of technological supervision in the financial sector
- Binance will launch spot trading pairs such as BNX/USDC, TRUMP/FDUSD
- Bernstein: The U.S. cryptocurrency working group will focus on establishing a national Bitcoin reserve
- MELANIA team tokens will begin unlocking from February 19 to 20, unlocking a total of 3% of tokens
- YouTube reporter: The LIBRA team admitted to targeting their own token during an interview
- Zhu Su: It's time to go all in on ETH
- He Yi responds to rumors of Binance's sale: It's a competitor's PR strategy to divert market attention
"What important events happened in the past 24 hours"
Michael Saylor proposes that the U.S. should acquire 20% of the total Bitcoin supply
According to Cointelegraph, Michael Saylor, founder of Strategy (formerly MicroStrategy), stated in a video interview, "The U.S. should acquire 20% of the total Bitcoin supply."
The website of the Central Commission for Discipline Inspection and the National Supervisory Commission of China recently published an article pointing out that the integrity risks in the construction of financial information systems are becoming increasingly prominent, especially the issues of "difficult management, difficult supervision, and difficult accountability" caused by high professional and technical barriers.
During the investigation of the corruption case of Yao Qian, the former director of the Technology Supervision Department of the China Securities Regulatory Commission, it was found that he used virtual currency for power-money transactions, which was highly concealed and difficult to gather evidence. Yao Qian accepted huge bribes through his position, providing assistance to others in information system procurement, involving project contracting, fund allocation, and other aspects.
In response to the issues exposed by the case, the disciplinary inspection team proposed supervision opinions to the party committee of the China Securities Regulatory Commission, urging the strengthening of integrity risk prevention and control in information system procurement, and reinforcing institutional construction and enforcement. At the same time, it emphasized the need to strengthen the education, management, and supervision of professional technical personnel, especially the "top leaders," to correct the erroneous thinking of some personnel who believe their integrity risks are low, and to enhance their political awareness and discipline awareness.
In November last year, Yao Qian was subjected to disciplinary review and supervisory investigation by the disciplinary inspection team stationed at the China Securities Regulatory Commission and the Shantou Municipal Supervisory Commission in Guangdong Province for serious violations of discipline and law. This case further highlights the importance of integrity risk prevention and control in the field of financial technology supervision.
Binance will launch spot trading pairs such as BNX/USDC, TRUMP/FDUSD
According to the official announcement, Binance will launch the BNX/USDC, CAKE/USDC, HEI/USDC, TRUMP/FDUSD, and TST/FDUSD spot trading pairs on February 18, 2025, at 16:00 (UTC+8).
In addition, Binance will open trading bot services for the following trading pairs on February 18, 2025, at 16:00 (UTC+8). Spot algorithm orders: BNX/USDC, CAKE/USDC, HEI/USDC, TRUMP/FDUSD, and TST/FDUSD.
According to CoinDesk, investment bank Bernstein released a research report stating that the U.S. cryptocurrency working group will focus on promoting the establishment of a national Bitcoin reserve. Analyst Gautam Chhugani's team believes that this move could lead sovereign nations around the world to compete to include Bitcoin as a reserve asset.
The report discusses key issues facing the establishment of the reserve: first, the determination of the purchasing entity, which would require legislative approval if executed by the Federal Reserve; second, the source of funds, which could be resolved by issuing bonds or selling part of the gold reserves. The report also mentioned that the U.S. government could include approximately $20 billion worth of Bitcoin previously seized from criminal activities into the national reserve.
Notably, the Trump administration had previously announced the establishment of a sovereign wealth fund (SWF), which would consider important U.S. cryptocurrency companies as strategic investment targets. Bernstein advises investors to prepare for a new bull market in Bitcoin and related stocks.
MELANIA team tokens will begin unlocking from February 19 to 20, unlocking a total of 3% of tokens
On-chain analyst Yu Jin tweeted that the MELANIA token unlocking rules indicate that the team tokens have only a 30-day lock-up period, unlocking 3% after 30 days, and then unlocking 2.25% (approximately 22.5 million tokens) each month for the next 12 months. A total of 30% of the tokens will be unlocked within 13 months. From February 19 to 20, a total of 3% (approximately 30 million tokens) will be unlocked.
YouTube reporter: The LIBRA team admitted to targeting their own token during an interview
YouTube reporter Coffeezilla (@coffeebreak_YT) posted on X, stating, "In this LIBRA interview, the team admitted to targeting their own token."
Zhu Su: It's time to go all in on ETH
Zhu Su, co-founder of Three Arrows Capital (3AC), posted on X, stating, "It's time to go all in on ETH. Vitalik is waiting for the enemy's corpses to float by."
Previously, there were rumors in the community that a cryptocurrency exchange was negotiating a sale. Binance co-founder He Yi posted on X, seemingly responding to the related news, stating, "So the crisis PR strategy of competitors is to buy a lot of articles to spread rumors about Binance to divert attention? Since Bitcoin's price broke new highs, trading platforms, as a business model validated by the ecosystem, will have institutions asking Binance every month whether they accept investment and cooperation. We do not rule out introducing strategic partners and are open to mergers and acquisitions. If other trading platforms have sale plans, please feel free to contact us."
Binance will delist AMB, CLV, STMX, VITE
Binance will stop trading and delist AMB, CLV, STMX, and VITE on February 24, 2025, at 11:00 (UTC+8).
Zhao Changpeng: "I have criticized" Trust Wallet many times, and the team has begun to rectify
In response to community users suggesting Binance founder Zhao Changpeng try buying Meme using Binance Wallet and OKX Wallet for comparison, Zhao Changpeng responded, "I have criticized them (including Trust Wallet) many times. They are making changes."
Binance will update the leverage and margin for ACTUSDT and other U-based perpetual contracts
According to the official announcement, Binance contracts will update the leverage and margin tiers for ACTUSDT, APTUSDT, and RUNEUSDTU perpetual contracts on February 17, 2025, at 17:00 (Beijing time). Existing positions before the update will be affected, and users are advised to adjust their positions before the update to avoid forced liquidation.
According to official news, Standard Chartered Bank (Hong Kong) Limited "SCBHK," Animoca Brands, and Hong Kong Telecom have signed an agreement to jointly establish a joint venture, planning to apply for a license under the new regulatory framework of the Hong Kong Monetary Authority to issue a Hong Kong dollar-backed stablecoin.
"What are the exciting articles worth reading in the past 24 hours"
CZ no longer tweets to support Meme, can BNB Chain still become the "next Solana"?
In the world of cryptocurrency, hot events always stir up waves like tides. On February 13 and 14, a series of PVP frenzies erupted on BNB Chain surrounding CZ's pet dog. However, on the afternoon of the 14th, CZ suddenly deleted a previous tweet mentioning the Meme coin BROCCOLI and stated, "I can't tweet anymore. People always overinterpret my tweets. Anything mentioned casually will be attached with several layers of additional meanings." The tokens that had previously surged on BNB Chain also began to decline significantly.
How did CZ lead such a Meme frenzy on BNB Chain, and did BNB Chain withstand the test in the fierce PVP? Even after CZ deleted the supportive Meme tweet, does it still have the potential to continue its brilliance?
Wu's latest podcast: Will MicroStrategy continue to acquire Bitcoin?
When you truly understand how things work, you will see that Bitcoin is a digital energy network.
$LIBRA was created by the same team that launched MELANIA and other short-lived tokens. This article will reveal the truth of the events through new on-chain evidence.
Grayscale: Deconstructing the Bitcoin mining business model and sustainability
Grayscale believes that Bitcoin has a unique advantage in accelerating the world's transition to renewable energy.
Users need to formulate a strategy for when to sell. While it may sound harsh, the market is like this; it requires a specific exit strategy to be established before trading.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of February 17, 19:50:
In the past 24 hours, the top five popular tokens on Ethereum are: HULEZHI, PI, GROK3, BAD, SPX
In the past 24 hours, the top five popular tokens on Solana are: YODA, DICKSTREET, CZCAT, PEPEAI, DOOD
In the past 24 hours, the top five popular tokens on Base are: GPS, AERO, B3, VIRTUAL, BRETT
