ChainCatcher news, according to RIA Novosti, in 2024, the Russian power company "Rosseti" suffered losses exceeding 1.3 billion rubles due to illegal connections to the grid by "black miners" and unmetered electricity consumption. Among them, "Rosseti North Caucasus" suffered the largest loss, exceeding 600 million rubles; "Rosseti Novosibirsk" lost 400 million rubles; and "Rosseti Central and Volga" lost 120 million rubles.The company reported that 130 cases of illegal connections have been investigated, and the cases have been handed over to law enforcement agencies, with over 40 criminal cases initiated involving charges that could lead to actual prison sentences. Illegal mining has also caused overloads in the power grid, leading to low voltage that could damage equipment and appliances. For example, in the village of Chapayevskoye in the North Caucasus, power companies and law enforcement discovered nearly 200 mining machines consuming over 12,000 kilowatt-hours of electricity.In addition, illegal mining sites are not only found in industrial areas but also involve various locations from containers on rented land to underground parking lots in residential complexes. The largest case occurred in Novosibirsk, where more than 3,200 mining machines were seized, resulting in losses from electricity theft amounting to 197 million rubles, and the suspects have been detained.

ChainCatcher news, according to Lookonchain statistics, in the past 7 days, stablecoins (USDT and USDC) on Ethereum increased by 1.1 billion dollars, while stablecoins (USDT and USDC) on Solana decreased by 772 million dollars.

ChainCatcher news, according to @ai_9684xtpa monitoring, 11.2 million SOL from the FTX bankruptcy auction will be unlocked on March 1, worth $2.06 billion.FTX has sold 41 million SOL in three auctions.

ChainCatcher news, according to Bitcoin Magazine, Cantor Fitzgerald, led by Howard Lutnick, purchased over $1 billion worth of MSTR stock in the fourth quarter, making it the company's largest position currently. Based on its average purchase price of $229, this investment has already gained 47%.Lutnick now serves as the U.S. Secretary of Commerce, responsible for managing Trump's new sovereign wealth fund.

ChainCatcher news, according to Coinglass data, if Bitcoin breaks through $100,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.346 billion.Conversely, if Bitcoin falls below $95,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.424 billion.The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity.Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.

ChainCatcher news, according to U.S. media reports, the Senate Finance Committee is investigating whether Dan Morehead, founder of Pantera Capital, violated federal tax laws after moving to the tax haven of Puerto Rico.According to a letter released by the Senate Finance Committee, Morehead sold "a large number of shares" after relocating to Puerto Rico, resulting in "over $1 billion" in capital gains. The committee has requested that Morehead share information related to these transactions, including the name of his tax advisor. The letter also asks him to provide a list of all assets sold during his residency in Puerto Rico, including cryptocurrencies.Morehead stated in a declaration that he moved to Puerto Rico in 2021 and believes he has taken appropriate actions regarding his taxes. A spokesperson for Oregon Democratic Senator Ron Wyden stated that the investigation is ongoing and declined to comment further.

ChainCatcher news, according to FOX Business reporter Eleanor Terrett, Tether is actively communicating with U.S. lawmakers regarding a regulatory framework for stablecoins. Tether CEO Paolo Ardoino stated that they will actively participate in the legislative process.Currently, there are three stablecoin bills progressing in Congress: the STABLE Act, the GENIUS Act, and the Waters proposal, which require issuers to maintain a 1:1 reserve, only hold highly liquid assets such as U.S. Treasury securities, and undergo monthly audits.As the largest stablecoin issuer with a market share of about 60%, Tether currently holds over $114 billion in short-term Treasury securities. The Republican-controlled Congress plans to complete the legislation by April.

ChainCatcher news, according to Bloomberg, Elon Musk's artificial intelligence company xAI is in talks for approximately $10 billion in funding, with a valuation expected to reach around $75 billion.Insiders reveal that existing investors Sequoia Capital, a16z (Andreessen Horowitz), and Valor Equity Partners are in discussions to participate in this round of financing. It is reported that xAI's previous funding round had a valuation of about $51 billion, and the specific terms of the current financing have not yet been finalized.

ChainCatcher news, according to Bitcoin Magazine, a bill has been proposed in the state of Georgia, USA, to allow state financial officials to invest in BTC.It is reported that the bill involves state deposit institutions to stipulate that the state deposit commission allows the state financial officer to invest in Bitcoin; sets limits on such investments; establishes requirements for the safe handling of such assets; regulates the lending of such assets; and repeals conflicting laws, among other provisions.

ChainCatcher message, FTX creditor representative Sunil disclosed that FTX has sent email notifications to customers who did not meet the requirements for the first round of asset distribution. Customers who failed to participate in the first round distribution on February 18, 2025, include: customer claims under review, customers with claims exceeding $50,000, and customers who have not completed KYC, tax, and distributor-related requirements.These customers will be included in subsequent distribution plans after completing the relevant requirements, which are expected to take place in the second quarter of 2025.

ChainCatcher news, according to Jinshi reports, Texas lawmakers have reintroduced a bill aimed at establishing a strategic Bitcoin reserve, now designated as SB 21, which allows for investments in additional cryptocurrencies.Senator Charles Schwertner announced the bill on February 12, emphasizing that it will make Texas the first state to establish a cryptocurrency reserve, potentially driving innovation and "financial freedom." This new legislation builds on SB 778, the previous bill introduced in January this year, which primarily focused on Bitcoin.The SB 778 bill restricted the state government to only purchase and hold Bitcoin, without allowing it to be used for other operations, while the SB 21 bill expands the scope to allow investments in cryptocurrencies that maintain a market value of at least $500 billion for a year. However, currently, Bitcoin is the only cryptocurrency that meets this standard.

ChainCatcher news, according to Cointelegraph, Michigan State Representatives Bryan Posthumus and Ron Robinson submitted HB 4087 on February 13, aiming to amend the state's Management and Budget Act to establish a Bitcoin strategic reserve.The bill allows the state treasury to invest up to 10% of the general fund and the economic stabilization fund in cryptocurrencies, and it can hold crypto assets through secure custody solutions or ETF products from registered investment companies. The bill also permits the state government to generate additional revenue through cryptocurrency lending. Currently, 20 states across the U.S. have proposed similar legislation.

According to ChainCatcher news and analysis by Vaneck analyst Matthew Sigel, 20 states in the U.S. are advancing legislation related to Bitcoin reserves. If all are passed, it is expected to drive $23 billion in funds into the Bitcoin market, equivalent to approximately 247,000 BTC.The study covers reserve funds, pension plans, and other state-level investment mechanisms across various states, with some states proposing to use state budget surpluses, stabilization funds, and land funds for Bitcoin investments.

According to ChainCatcher news and data from Greeks.live, 21,000 BTC options will expire today, with a Put Call Ratio of 0.67, a maximum pain point of $98,000, and a notional value of $2.08 billion.In addition, 176,000 ETH options will expire today, with a Put Call Ratio of 0.64, a maximum pain point of $2,725, and a notional value of $470 million.

ChainCatcher news, according to data shared by Jevgenijs Kazanins, Coinbase's subscription and service revenue has grown from $45 million in 2020 to $2.307 billion in 2024, with a compound annual growth rate (CAGR) of 167%. The main sources of revenue include stablecoin revenue ($910 million), blockchain rewards ($706 million), interest and financial fees ($266 million), custody fees ($142 million), and other subscription and service revenue ($283 million).

ChainCatcher News, the American cryptocurrency exchange Coinbase announced its Q4 and full-year financial report for 2024. Q4 revenue reached $2.3 billion, significantly exceeding market expectations of $1.87 billion, with a quarter-over-quarter growth of 88%. Among this, trading revenue was $1.6 billion, a quarter-over-quarter increase of 172%, with quarterly trading volume reaching $439 billion. Full-year revenue was $6.6 billion, net profit was $2.6 billion, and adjusted EBITDA reached $3.3 billion.In the annual shareholder letter, the company stated that the regulatory environment in the U.S. is improving, and the government's crackdown on the cryptocurrency industry is coming to an end, with expectations for more favorable policies in the future. Coinbase recently sent letters to the Federal Reserve, FDIC, and OCC urging clarification of cryptocurrency banking rules and an end to the industry's "de-banking" practices.

ChainCatcher news, according to The Block, Tether CEO Paolo Ardoino stated that "picky" JPMorgan analysts underestimated the company's $20 billion group equity when analyzing its reserves. He also mentioned that Tether is confident in adapting to U.S. stablecoin regulations.Paolo Ardoino explained, "Even in the most extreme cases, JPMorgan overlooks the fact that Tether Group's equity is worth over $20 billion in other highly liquid assets and generates more than $1.2 billion in profits each quarter through U.S. Treasury bonds."

ChainCatcher news, according to CNBC, blockchain research firm Chainalysis warned in a report that as cybercriminals leverage artificial intelligence and become more organized, "pig butchering" scams have surged, with last year's cryptocurrency scam revenue estimated to have reached an all-time high.According to its preliminary estimates, cryptocurrency wallets associated with scams received $9.9 billion in 2024. The company predicts that as Chainalysis uncovers more scam wallets, the figure for 2024 will rise to a record $12.4 billion. The primary reason for the increase in scam revenue is the prevalence of "pig butchering" scams.Additionally, scammers are more likely to target more victims at the cost of smaller payments.