ChainCatcher news, according to the token unlocking data from the crypto asset data platform RootData, Movement (MOVE) will unlock approximately 50 million tokens at 11:00 AM Beijing time on March 9, worth about 21.8919 million USD.

ChainCatcher news, according to token unlocking data from the crypto asset data platform RootData, STEPN (GMT) will unlock approximately 82.4747 million tokens at 8:00 AM Beijing time on March 9, with a value of about 4.8631 million USD.

ChainCatcher news, CZ posted on platform X about a crazy idea for a token issuance: What if someone issues a token with the following tokenomics?Initially, 10% of the tokens are unlocked and sold on the market, with the proceeds used for the project team's development of products/platforms, marketing, compensation, etc. Each future unlock must meet all of the following conditions:Six months after the last unlock.Only if the token price has maintained above twice the previous unlock price for more than 30 days prior to the unlock.A maximum of 5% of the tokens can be unlocked each time.For example, if the TGE price is $1 in January, by June, if the token price is still below $2, no more tokens can be unlocked. Assuming the token price is above $2 between July 4 and August 3, then on August 3, 5% of the tokens can be unlocked for circulation. Assuming the price on August 3 is $3. The next earliest unlock date is March 3 of the following year, and it can only be unlocked if the price has been above $6 for more than 30 days.The project team has the right to decide to postpone or reduce the scale of each unlock. If they do not want to sell more, they do not have to. But each time they can sell (unlock) a maximum of 5%, and then they must wait at least 6 months, and the price must double again. The project team does not have the right to shorten or increase the scale of the next unlock. The tokens will be locked through a smart contract controlled by a third party's keys. This can prevent new tokens from flooding the market during price downturns while also incentivizing the project team to build long-term.However, CZ emphasized that he has no plans to issue new tokens, just a discussion idea.

ChainCatcher news, 1confirmation founder Nick Tomaino posted on the X platform that over the past decade, crypto teams have raised a significant amount of venture capital, followed by large-scale token locking, small floating, and aggressive marketing to manipulate prices and FDV to attract retail investors. Undoubtedly, there are other insider games, such as paying market makers to create liquidity or simply intentionally conducting insider bidding for tokens, but the most basic "crypto VC" script is:Raise over $100 million in funding and hype the deal with a compelling narrative;Launch the blockchain;Allocate 50%+ of tokens to insiders;Create a total supply of over 100 million tokens;Unlock 20% or less of the total supply when the token goes live;Execute large-scale paid marketing campaigns.No matter how one evaluates this script, the fact is that it works very well, with 4 of the top 10 tokens by market capitalization having executed this script, creating over $250 billion in value. Looking ahead, the biggest question is whether this model will continue to be effective. However, based on the recent hype and sell-off of Memecoins, it seems there is still a long way to go.

ChainCatcher message, Jupiter's operational update for February on platform X states that February is a month for strategic governance decisions and community planning for Jupiter, mainly including:The launch of the Active Staking Rewards (ASR) for Q4 2024, distributing 50 million JUP and 75 million DBR to active governance participants;The official start of the JUP buyback plan;The total staked amount of JUP reached a new high, exceeding 550 million;The community audit verified the current total supply of 7 billion JUP, with 2.64 billion in circulation.Key follow-up tasks include:Continued development of Jupnet towards mainnet launch;Migration from Ape Pro to Trenches starting in March;Completion of the Good Cats review and distribution process;Major updates coming soon for Jupiter Mobile.

ChainCatcher news, according to the Hong Kong Wen Wei Po report, the Hong Kong Investment Funds Association announced that the fund sales figures for Hong Kong in 2024 show that the total retail fund sales for the entire year reached 81.698 billion USD, an increase of 47% compared to 2023, marking a three-year high. Last year, the net inflow of funds also recorded 12.319 billion USD, a nearly 65-fold increase compared to 1.87 million USD in 2023.The CEO of the Hong Kong Investment Funds Association, Huang Wang Ci Ming, stated that the net inflow of funds in Hong Kong for 2024 recorded 12.319 billion USD, a nearly 65-fold increase compared to 1.87 million USD in 2023. Fund tokenization and virtual assets are still in their infancy, but these areas are expected to bring new business models, which will undoubtedly be significant for the future development of the fund industry. The success of the virtual asset market depends on an appropriate regulatory framework and infrastructure. The SAR government is about to launch the second virtual asset policy declaration and looks forward to participating in discussions before its release.

ChainCatcher news, DeFiance Capital founder Arthur posted on platform X that he participated in an OTC trade of SOL at a price of $64 through Galaxy and received unlocked tokens today.He also stated that he would not sell even 1 token and believes that the price of SOL will rise significantly in three months.

ChainCatcher news, the Web3 social dating platform MetYa officially launched its Liquid Staking V2 product. This product allows users to stake directly on the MetYa official website without the need to withdraw to the chain.The biggest feature of liquid staking is that the longer the staking time, the more ME tokens are produced daily. Compared to the fixed daily returns of on-chain staking, liquid staking has the same returns as on-chain staking during the first period, but as the staking time increases, daily returns will continue to rise, providing long-term holders with higher compound returns.This product further lowers the participation threshold and enhances the user yield experience.

ChainCatcher news, Sci-Hub founder Alexandra stated in the official Sci-Hub Telegram channel that it will soon launch Sci-Net.It is reported that Sci-Net is a brand new platform where anyone can upload scientific papers and receive SCIHUB token rewards. Sci-Net will create a mutual aid network that rewards knowledge sharing.

ChainCatcher news, L1 intellectual property blockchain Story tweeted that it will airdrop 2000 tokens to 200 Odyssey validators. The distribution started on February 28, and validators can immediately unlock 976 tokens. The remaining 1024 tokens will be staked on behalf of the validators for a period of 90 days, after which they can choose to continue staking or unstake (distribution expected next week).

ChainCatcher news, according to Bloomberg, a federal judge in Brooklyn, New York, has dismissed the lawsuit filed by the U.S. SEC against cryptocurrency founder Richard Heart. The founder was accused of illegally using millions of dollars of investor funds to purchase a 555-carat black diamond. The SEC alleged that Heart raised over $1 billion through the sale of unregistered securities, including Hex tokens and other digital assets related to his PulseChain blockchain network and PulseX decentralized finance platform. In the initial lawsuit, the agency stated that Heart and PulseChain used at least $12.1 million of investor funds for personal luxury purchases, including diamonds, expensive watches, and high-end cars. Judge Carol Amon found that the SEC failed to provide sufficient facts to prove that these actions occurred in the United States, allowing the SEC to amend its complaint to "correct the identified deficiencies."

ChainCatcher news, DeFi protocol Elixir released a video, possibly hinting at the upcoming launch of its protocol token.ChainCatcher previously reported that the DeFi protocol Elixir announced the completion of a $8 million Series B funding round, co-led by Mysten Labs and Maelstrom, with participation from Manifold, Arthur Hayes, Amber Group, GSR, Flowdesk, and others.According to Web3 asset data platform RootData, Elixir is a modular liquidity network that allows anyone to provide liquidity directly to the order book, bringing liquidity to long-tail crypto assets. The protocol serves as an important decentralized infrastructure, enabling exchanges and protocols to easily direct their ledger liquidity.

ChainCatcher news, according to Cointelegraph, in response to the widely circulated statement that "some of the largest cryptocurrency companies, including Binance, are selling their token holdings in over-the-counter (OTC) transactions, leading to a market crash," a Binance spokesperson denied the claim.Regarding the large SOL token transfer by Wintermute, the Binance spokesperson stated that similar market makers operate based on their own strategies. "We cannot understand users' decisions, including those of market makers transferring assets based on their own strategies. Therefore, while blockchain transparency is one of the greatest advantages of cryptocurrency, it is important not to jump to conclusions based on transaction screenshots."

ChainCatcher news, BNB Chain announced the winners of its $4.4 million Meme token liquidity support program for the first week, with 10 projects awarded: Broccoli (f3b), KOMA, SIREN, BANANA, PERRY, TST, 4, Broccoli (714), Broccoli (f2b), TUT.BNB Chain stated that daily rewards have been fully distributed, and weekly winners' rewards will be issued within 10 days. The final rankings have excluded wash trading behaviors identified during the trading competition, and projects that did not meet the award criteria have been removed.

According to ChainCatcher news and CoinMarketCap data, in the past month, among the top 100 cryptocurrencies by market capitalization, 5 tokens including RAY, TRUMP, and WIF have dropped over 50%, including:Raydium (RAY): down 69.20%, currently priced at $2.07;OFFICIAL TRUMP (TRUMP): down 59.74%, currently priced at $11.23;dogwifhat (WIF): down 56.95%, currently priced at $0.5686;Virtuals Protocol (VIRTUAL): down 51.21%, currently priced at $0.9871;Bonk (BONK): down 50.96%, currently priced at $0.00001234;Movement (MOVE): down 49.42%, currently priced at $0.4206;Cronos (CRO): down 46.51%, currently priced at $0.06913;Bitget Token (BGB): down 46.43%, currently priced at $3.73;Solana (SOL): down 44.69%, currently priced at $129.55;Ethena (ENA): down 44.29%, currently priced at $0.3907;Dogecoin (DOGE): down 44.24%, currently priced at $0.1846;The Sandbox (SAND): down 43.96%, currently priced at $0.2902.

ChainCatcher news, according to market data from RootData, the Kekius Maximus token (KEKIUS) has increased by 60.44% in the last 24 hours, currently priced at $0.020.According to the Web3 asset data platform RootData, Kekius Maximus is a meme coin known as the "Frog Pepe Emperor," the sovereign ruler of the mythical Kekistani Empire, which primarily exists in the digital universe of memes.

ChainCatcher news, according to the official announcement, Binance will support the token swap of Ethernity Chain (ERN) and the brand upgrade to Epic Chain (EPIC). Binance will stop trading and remove all existing ERN spot trading pairs (ERN/USDT) on March 10 at 11:00, and will automatically cancel all open orders, and will open EPIC/USDT spot trading on March 13 at 16:00.

ChainCatcher news, according to official sources, Huaxia Fund (Hong Kong) announced today the launch of the Asia-Pacific's first retail tokenized fund, the "Huaxia Hong Kong Dollar Digital Currency Fund." This fund primarily invests in short-term deposits and high-quality money market instruments denominated in Hong Kong dollars, marking the official arrival of the first tokenized fund aimed at retail investors in the Asia-Pacific region.The fund reshapes the traditional fund investment model through blockchain technology, with key fund information recorded in real-time on the blockchain, ensuring that the information is tamper-proof and fully traceable, thereby enhancing investment transparency and operational efficiency. In terms of distribution channels, in addition to traditional qualified brokers and banks, licensed virtual asset trading platforms (VATPs) authorized by the Securities and Futures Commission have also been included in the distribution channels to reach a broader investor base.Huaxia Fund (Hong Kong) stated that the fund will participate in the Ensemble project led by the Hong Kong Monetary Authority, with the expectation of opening secondary market trading in the future, enabling 24/7 trading and settlement, and seamlessly linking with a broader digital financial ecosystem, compatible with various forms such as stablecoins, tokenized deposits, and digital currencies.