ChainCatcher message, the encrypted KOL clarified that the previous analysis regarding the Bybit hacker using the Solana network and Kanye Meme coin for money laundering was misleading due to @barneyxbt's post. He stated that the $1.38 billion worth of ETH on the Bybit hacker's address is still on the Ethereum mainnet and has deleted the previous analysis tweet.

ChainCatcher news, according to independent researcher @0xNing0x's analysis, the ETH funds involved in the Bybit theft incident were partially stored in the form of stETH/mETH. The hacker has exchanged them for ETH through Uniswap, DODO, and ParaSwap, and transferred the funds cross-chain from Ethereum to the Solana network.Research shows that the hacker's funds exhibit characteristics of "central clusters + multiple satellite small clusters + complex inter-transfer networks." Due to the poor readability of transaction logs on the Solana network, tracking the funds has become more difficult. Analysts speculate that the hacker may plan to use the upcoming Kanye celebrity meme coin for money laundering.Previous news, famous rapper Kanye West posted on the X platform that he will launch an official token next week, and currently, all tokens are fake.

ChainCatcher news, Franklin Templeton has officially submitted the S-1 filing for a spot Solana ETF to the U.S. SEC.

ChainCatcher news, according to Onchain Lens monitoring, Circle has minted 250 million USDC on the Solana chain, bringing the total minted this year to 8 billion USDC.

ChainCatcher news, according to Cointelegraph, Memecoin fraud is undermining community trust, especially the Libra token incident, leading to a significant decline in Solana user activity. In February, the number of active addresses on the network dropped to an average of 9.5 million per week, down nearly 40% from 15.6 million active addresses in November 2024.As confidence in Solana wanes, cryptocurrencies worth millions of dollars are being transferred from Solana to other blockchains, indicating that potential capital outflows may have a net positive impact on the long-term growth of the blockchain.

ChainCatcher news, the grayscale XRP ETF application has been entered into the U.S. Securities and Exchange Commission (SEC) federal register along with four other Solana ETF applications last week. The Solana ETF applications from VanEck, 21Shares, Bitwise, and Canary Capital were submitted on February 18. Once the applications are entered, a 21-day public comment period will be triggered, and the regulatory agency is expected to decide on approval, rejection, or further review by October 18. If approved, the XRP ETF will provide users with a regulated XRP investment exposure tool.XRP has increased by over 381% in the past 12 months and is currently attracting attention due to improvements in legal and regulatory matters. Recent recovery drivers include: rumors that U.S. banks may use it for internal trading, and speculation about the SEC's long-term stance in the Ripple lawsuit. The SEC sued Ripple in December 2020, accusing it of raising $1.3 billion through the sale of unregistered XRP and classifying it as a security based on the Howey test.B2BINPAY CEO Arthur Azizov stated, "The XRP ETF is very likely to launch within the year, with the specific timing depending on the resolution speed of the legal disputes with the SEC."

ChainCatcher news, according to CryptoSlate, since the implementation of the new priority fee distribution mechanism on February 12, Solana's annual inflation rate has risen by 30.5%. The daily amount of SOL burned has decreased from nearly 18,000 SOL to 1,000 SOL.Blockworks researcher Carlos Gonzalez Campo stated that Solana Improvement Proposal 96 (SIP 96) allocates all of the network's priority fees to validators, no longer used for token burning, resulting in an increase in the annual inflation rate from 3.6% to 4.7%.

ChainCatcher news, fomo announces the completion of a $2 million Pre-Seed round of financing, with participation from over 100 angel investors including Solana co-founder Raj Gokal.

ChainCatcher news, according to official sources, Coinbase has announced the launch of Solana and Hedera futures contracts regulated by the CFTC.Eligible U.S. investors can now trade the above contracts on Coinbase Derivatives.

ChainCatcher news, according to Whale Alert monitoring, USDC Treasury minted 250 million USDC on the Solana chain.

ChainCatcher news, according to crypto analyst Ali's monitoring, the number of active addresses on the Solana network has decreased from 18.5 million in November last year to the current 8.4 million.

ChainCatcher message, according to Whale Alert monitoring, at 4:55:37 AM Beijing time, USDC Treasury issued an additional 250 million USDC on the Solana chain.

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.