Daily Report | Binance Launchpool launches RedStone (RED); SBF tweets for the first time in two years
February 25 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Binance Launchpool Launches RedStone (RED)
- SBF Tweets for the First Time in Two Years
- Upbit to List COW
- NYSE's Largest Market Maker Citadel Securities Aims to Provide Liquidity for Bitcoin and Cryptocurrencies
- Coinbase Adds REZ (Renzo) to Its Listing Roadmap
- SEC Accepts Grayscale's Application for Cardano Spot ETF
- Binance Introduces New Limit Mechanism for Pre-Market Trading
- Bybit Hacker Has Laundered 100,000 ETH, Accounting for 20% of Stolen ETH
"What Important Events Happened in the Last 24 Hours"
Binance Launchpool Launches RedStone (RED)
Binance Launchpool has launched its 64th project, RedStone (RED), which is a multi-chain oracle across EVM and non-EVM chains.
Users can stake BNB, FDUSD, and USDC into the RED reward pool after 08:00 (UTC+8) on February 26, 2025, to earn RED, with the event lasting a total of 2 days.
RedStone (RED) spot pre-market trading will open at 18:00 (UTC+8) on February 28, 2025.
SBF Tweets for the First Time in Two Years
Former FTX CEO Sam Bankman-Fried (SBF) tweeted for the first time after two years of silence. In this series of tweets, SBF mainly discussed issues related to company layoffs and management:
1) I have a lot of empathy for government employees: I also haven't checked my email for several (hundred) days. And I can confirm that being unemployed is not as easy as it seems.
2) Firing employees is one of the hardest things in the world. It's terrible for everyone involved. My experience is:
a) Employees being fired are usually not at fault
b) But firing them is often the right decision
3) More often than not, the problem is that the company simply doesn't have suitable positions for them.
4) I would tell every person who was laid off: this is also our fault because we didn't provide them with suitable positions, or suitable managers, or a suitable work environment.
5) Maybe at that time, no one was available to manage them. Maybe they were better suited for remote work, but our company adopted face-to-face communication. Maybe they wanted to work on a specific project, but that wasn't what the company needed at the time.
6) Or maybe there were issues within their department itself.
7) This happens sometimes. We see competitors hiring 30,000 more employees and then not knowing what to have them do ------ as a result, the whole team is idle all day.
8) We have also experienced this internally, when a manager becomes busy or distracted, half a department can lose direction at the same time.
9) When this happens, it is not the employees' fault. If the employer doesn't know how to arrange them, or if no one can manage them effectively, it's not their fault. If internal politics cause their department to lose direction, that's also not their fault.
10) But it doesn't make sense to leave them there doing nothing.
Upbit will list COW in the KRW, BTC, and USDT markets, with trading expected to start at 20:30 (KST) on February 25.
According to market news, Citadel Securities, the largest market maker on the NYSE with a market cap of $65 billion, hopes to become a liquidity provider for Bitcoin and cryptocurrencies, betting on President Trump's support for the industry.
Coinbase Adds REZ (Renzo) to Its Listing Roadmap
According to a Coinbase Assets announcement, Coinbase has added Renzo (REZ) to its listing roadmap.
SEC Accepts Grayscale's Application for Cardano Spot ETF
The SEC has accepted the application for a Cardano (ADA) spot ETF submitted by Arca on behalf of Grayscale. Previously, the SEC had accepted a number of cryptocurrency ETFs, including Cboe's XRP ETF and Grayscale's spot XRP and DOGE ETFs.
Binance Introduces New Limit Mechanism for Pre-Market Trading
According to an official announcement, Binance has introduced a new limit mechanism for its pre-market trading, which will restrict the highest trading price in the pre-market for 72 hours, with the token price increase not exceeding a certain percentage of the initial opening price.
After 72 hours of the pre-market opening, there will be no price restrictions, and trading will return to normal.
Note: This limit mechanism will only be tested during the issuance of the RED token, and it is currently uncertain whether this feature will become a long-term feature of the future pre-market.
Bybit Hacker Has Laundered 100,000 ETH, Accounting for 20% of Stolen ETH
According to Spotonchain monitoring, the Bybit hacker has laundered 100,000 ETH (approximately $250 million), accounting for 20% of the 499,000 ETH stolen. The hacker is actively dispersing funds to multiple addresses and using THOR Chain for cross-chain exchanges to BTC, DAI, and other assets.
The Bybit hacker still holds 399,000 ETH, which is more than what Ethereum founder Vitalik Buterin or the Ethereum Foundation holds.
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
Ten Questions and Answers: How Will Financial Giant Citadel Securities Disrupt the Crypto Market?
As a top player in the global financial market, how will Citadel Securities' entry change the landscape of the crypto market? What opportunities and challenges will it bring?
Bear Market? An Article Summarizing Four Reasons for the Recent Market Decline
Please stop selling, I need to feed my family!
The Dilemma of VCs: Liquidity Transformation and Trust Mechanism Restructuring
Whether in China or the U.S., the best times for VCs as an investment asset class are over.
What Does SBF's Tweet After 767 Days Mean?
Will SBF be released?
Is the BRC20 Ecosystem Warming Up? A New Beginning or an Illusion
Will the pursuit of absolute fairness backfire on stability?
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of February 25, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: SPX, LINK, TVSP, UNI, PEPE
The top five popular Solana tokens in the past 24 hours are: PE, YODA, BossBaby, DirtyJeeto, DOGEXL
The top five popular Base tokens in the past 24 hours are: VIRTUAL, KAITO, AIXBT, EURC, USD+
