Daily Report | Binance will launch MyShell (SHELL) and start HODLer Airdrops; SEC ends investigation into Gemini Trust
February 27 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Binance to list MyShell (SHELL) and launch HODLer Airdrops
- SEC ends investigation into Gemini Trust, takes no enforcement action
- FBI confirms North Korean hacker group responsible for $1.5 billion theft from Bybit
- Upbit to block withdrawals related to Bybit hacker incident at FBI's request
- Starknet announces 2025 decentralization roadmap: key plans include staking mechanism, etc.
- Hasu defends Safe, Wintermute founder claims his statements distort facts
"What important events happened in the past 24 hours"
Binance to list MyShell (SHELL) and launch HODLer Airdrops
According to the official announcement, Binance will list MyShell (SHELL) on February 27, 2025, at 13:00 (UTC), and open trading pairs SHELL/BTC, SHELL/USDT, SHELL/USDC, SHELL/BNB, SHELL/FDUSD, and SHELL/TRY. SHELL will carry a seed label.
Users need to deposit BNB into SimpleEarn (flexible and/or locked) and/or on-chain yield products from 00:00 (UTC) on February 14, 2025, to 23:59 (UTC) on February 18, 2025, to qualify for the SHELL airdrop. Airdrop information is expected to be announced within 12 hours, and the new tokens will be distributed to users' spot accounts at least 1 hour before trading begins.
SEC ends investigation into Gemini Trust, takes no enforcement action
SEC documents show that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Gemini Trust Company, LLC, and decided not to take enforcement action. Gemini co-founder Cameron Winklevoss confirmed on social media that the investigation lasted 699 days and that they received a Wells notice 277 days ago.
Winklevoss criticized the SEC's regulatory actions for causing significant losses to the crypto industry, accusing the agency of enforcing without clear rules, leading to high legal costs and economic losses for businesses. He called for regulatory reform, including requiring the SEC to compensate affected companies three times their legal costs, firing relevant enforcement personnel, and banning those who abuse regulatory power from holding government positions again.
Previously, the agency (SEC) had withdrawn its lawsuit against Coinbase and terminated investigations into OpenSea, Robinhood, and Uniswap.
FBI confirms North Korean hacker group responsible for $1.5 billion theft from Bybit
According to an FBI announcement, the Federal Bureau of Investigation issued a Public Safety Announcement (PSA) confirming that a North Korean hacker group is responsible for the theft of approximately $1.5 billion in digital assets from the Bybit exchange.
The FBI stated that the hacker group acted quickly, converting some of the stolen assets into Bitcoin and other digital assets, and dispersing them to thousands of addresses across multiple blockchains. These assets are expected to be further laundered and ultimately converted into fiat currency.
Upbit to block withdrawals related to Bybit hacker incident at FBI's request
Upbit announced that following the recent hacking incident involving Bybit, the FBI has issued an official document requesting all digital asset service providers to block transactions related to these addresses. Upbit will closely cooperate with the investigative agency. Upbit strongly advises users not to withdraw funds to addresses associated with the hacking incident and has listed the Ethereum wallet addresses related to the hack as published by the FBI.
Starknet announces 2025 decentralization roadmap: key plans include staking mechanism, etc.
Starknet announced its 2025 decentralization roadmap, aiming to become the first fully decentralized Layer 2 (L2) that scales Ethereum on a large scale. Key plans include staking mechanisms, decentralized operation, and governance independence.
Staking: Starknet will launch the first phase of staking (Staking v1) in November 2024, with over 170 million STRK already staked by 63,000 delegators and 106 validators. Staking v2 to v4 will be rolled out in phases in 2025, ultimately achieving full responsibility for network security and block validation by validators.
Decentralized operation: Starknet will gradually migrate from its existing architecture to fully open-source Apollo sequencer and Stwo prover, with plans to launch a distributed consensus layer on the mainnet by the end of 2025, where validators will participate in block voting to achieve decentralized operation.
Governance independence: The Starknet Security Council will further promote decentralized governance of core contracts while enhancing the network's resistance to censorship.
Meanwhile, Starknet's latest version v0.13.4 has been launched on the testnet, bringing optimizations such as state compression, fixed L2 gas prices, and Cairo-native performance improvements, with plans to launch on the mainnet between March 17 and 24. Future version v0.14.0 will introduce 2-second block times, more efficient sequencers, and improved fee markets.
Hasu defends Safe, Wintermute founder claims his statements distort facts
Safe investor Hasu stated on social media that while the recent Bybit theft was due to a breach of Safe's frontend rather than Bybit's infrastructure, Bybit's infrastructure was also insufficient to monitor such a simple hacking attack. When transferring funds exceeding $1 billion, there is no reason not to verify the integrity of the message on a second offline machine. Blaming SAFE instead of Bybit here completely misses the lesson.
In response, Wintermute founder wishfulcynic.eth claimed that Hasu's statements were somewhat misleading and distorted the facts (gaslighting).
Hasu rebutted his series of comments, stating that evaluating whether Safe was at fault in the incident is a difficult question (not because he is an investor in Safe). Safe provided a solution through a centralized frontend, but it should never be fully relied upon. He believes that Safe's biggest problem is not collaborating with large capital clients for security education; the breach of Safe developers' devices is also an issue, but learning from it is more important.
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Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of February 27, 19:50:
In the past 24 hours, the top five popular Ethereum tokens are: CLAY, MKR, SPX, LINK, UNI
In the past 24 hours, the top five popular Solana tokens are: PIPE, Pablo, YODA, LUNA, PE
In the past 24 hours, the top five popular Base tokens are: VIRTUAL, KAITO, BRIAN, AIXBT, EURC
