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According to PANews, February has been a significant month for the Web3 sector, marked by several notable events. The Consensus Hong Kong Summit focused on global industry consensus, drawing attention from stakeholders worldwide. Additionally, the unlocking of substantial token amounts for Bittensor (TAO) and The Sandbox (SAND) could potentially lead to market fluctuations.In legislative developments, the Bitcoin Freedom Act is under review, signaling a pivotal moment for compliance in the industry. The trial of Do Kwon has commenced, serving as a regulatory warning for the sector. Furthermore, the Federal Reserve's meeting minutes have been released, offering a recalibration of liquidity expectations.These events collectively provide insights into the evolving landscape of Web3, offering opportunities for market participants to stay informed and ahead in the industry.

According to CoinDesk, despite significant investments and a decade of Ethereum's existence, the Web3 industry still lacks the necessary turnkey toolsets to broaden its adoption. This is in stark contrast to the early days of the internet, where user-friendly tools quickly emerged, facilitating widespread use. In the late 1990s, the internet began to significantly impact daily life, with AOL surpassing 3 million users by 1995 and Yahoo! launching as a secondary web gateway. Google’s founding in 1998 and the introduction of basic search capabilities by 1999 further opened the internet to new users.The early 2000s marked the Web2 era, characterized by easy-to-use, template-driven tools that expanded the user base. Amazon Marketplace launched in 2000, providing a turnkey e-commerce solution. Within five years, platforms like Wordpress, MySpace, and Facebook enabled personal sharing online. This rapid development of user-friendly tools was both a result of and a catalyst for the internet's success. However, in 2025, Web3 lacks similar platforms that could drive its growth. Most projects target developers or crypto enthusiasts, raising questions about the industry's ability to expand without broader user-friendly tools.Web3 participants are often incentivized through tokens to engage early with projects, regardless of usability. Projects with strong social media followings are prioritized, but unless they address critical needs, users rarely remain engaged long-term. This focus on early-stage operations over ease-of-use and long-term adoption hinders Web3's growth. For Web3 to move beyond its 'early' stage and achieve growth similar to Web2, there must be a shift towards developing tools and user interfaces that expand the user base and address genuine problems. Long-term success will depend on Web3 products that continuously add value and solve common issues for users.

According to Binance Market Data, BNB crossed the 690 USDT benchmark and is now trading at 690.809998 USDT, with a 0.48% decrease in 24 hours.

According to Foresight News, Elon Musk responded to comments regarding the alleged hacking of U.S. Treasury Secretary's computer by Chinese hackers, which reportedly led to a data breach at the U.S. Treasury Department. Musk humorously suggested that Treasury Secretary Janet Yellen might have fallen for a phishing email promising to send two bitcoins in exchange for one.

According to PANews, the U.S. Supreme Court has indicated it might issue a decision on the TikTok ban as early as Friday, January 17. On January 16, the court announced on its website that it could release opinions at 10 a.m. Eastern Time (11 p.m. UTC+8) on Friday, though it did not specify which cases would be addressed. The TikTok ban was initially scheduled to take effect on Sunday, January 19.

The impending TikTok ban in the United States, set for January 19, 2025, has driven 170 million American users to explore alternative platforms, with TiTi emerging as a popular choice. This Web3 short video platform leverages blockchain technology to empower creators and foster direct fan engagement.What Makes TiTi Stand Out?Creator Token System: TiTi allows content creators and key opinion leaders (KOLs) to issue personalized tokens representing their brand value, offering fans an opportunity to directly invest in their favorite creators.Blockchain-Based Features: By integrating blockchain technology, TiTi ensures token market value, secure trading, and transparent financial transactions.Diverse Services: The platform combines entertainment, social interaction, and financial utilities, creating a comprehensive ecosystem for creators and fans.Why the Shift?With TikTok’s exit, creators face challenges in finding platforms that support monetization and audience engagement. TiTi’s innovative Web3 model provides a solution by creating a win-win ecosystem for both creators and fans, allowing creators to monetize their influence while offering fans unique engagement opportunities. 

According to Odaily, data from Polymarket indicates that the likelihood of a complete ban on TikTok in the United States by May 2025 has increased to 78%. The total amount wagered on this outcome has reached nearly $3.28 million.

According to Odaily, Ninepoint Partners LP has announced the transformation of its Web3 Innovation Fund into an exchange-traded fund (ETF). The new product will be named the "Ninepoint Crypto and AI Leaders ETF." Despite the change, the investment objectives and strategies of the ETF will remain unchanged. The fund will continue to be listed on the Toronto Stock Exchange.

According to PANews, Chamath Palihapitiya, CEO of Social Capital, forecasts a significant rise in stablecoin adoption by 2025, positioning them as a crucial tool for wholesale transactions. He anticipates that by 2024, stablecoin usage will decouple from cryptocurrency trading, surpassing 1.1 billion transactions with a settlement value of $8.5 trillion, more than double Visa's transaction volume. Palihapitiya suggests this growth could challenge the duopoly of Visa and Mastercard, particularly as credit card interest rates increase. He also addressed regulatory concerns, highlighting blockchain technology's role in providing transparency and traceability in transactions.

According to PANews, Telegram Premium has reached over 12 million subscribers, as announced on the official Telegram Premium channel. The company expressed gratitude to all subscribers, acknowledging their role in enabling Telegram to continue developing robust features that transform communication for nearly one billion users. Users have the option to subscribe to the Premium service themselves or gift subscriptions to friends and family.

According to PANews, Nokia Technologies has filed a patent application titled 'Device Method and Computer Program,' with the publication number CN 119155674 A. The application was submitted on June 2024, as reported by financial media sources. The patent abstract outlines a system designed for user devices, which includes a device, method, and computer program. This system involves encrypting digital assets using a primary key to create encrypted digital assets. These encrypted assets, along with their encryption index, are provided to a primary network function. Additionally, the identification of the encrypted digital assets is supplied to a primary entity.

According to BlockBeats, the Web3 security landscape faced significant challenges in November, with total losses amounting to approximately $86.24 million. This figure stems from 21 hacking incidents, which alone accounted for around $76.86 million in losses. Notably, $25.5 million of these losses have been successfully recovered. The primary causes of these security breaches were identified as vulnerabilities in smart contracts, account leaks, and price manipulation. In addition to these hacking incidents, phishing attacks also posed a substantial threat during the month. A total of 9,208 individuals fell victim to phishing schemes, resulting in a cumulative loss of $9.38 million. These incidents highlight the ongoing vulnerabilities within the Web3 ecosystem and underscore the need for enhanced security measures to protect users and their assets from such threats.

According to Foresight News, CoinDesk has released a report on the state of Web3 in the Asia-Pacific region. The study reveals that the adoption rate of Web3 technologies in this region is 22%, which is three times the global average. This significant uptake highlights the growing influence of digital assets in reshaping the future of finance.The report indicates that 61% of respondents in the Asia-Pacific area believe that digital assets are playing a crucial role in transforming financial systems. This sentiment underscores the increasing importance of Web3 technologies in the region's economic landscape. The findings suggest that the Asia-Pacific region is at the forefront of embracing digital innovations, which could lead to substantial changes in how financial transactions and services are conducted.As the adoption of Web3 continues to grow, it is expected to drive further developments in the financial sector, potentially leading to more efficient and inclusive financial systems. The report's insights provide a glimpse into the future of finance in the Asia-Pacific region, where digital assets are poised to play a pivotal role in shaping economic progress.

According to PANews, Telegram's dedicated auction platform, Fragment, has initiated mandatory Know Your Customer (KYC) procedures. Users are now required to undergo identity verification to purchase services such as 'Star Coins,' Telegram Premium, or anonymous numbers. The verification process is managed by third-party service Sumsub, which necessitates users to submit their email, phone number, ID document scans, and facial photographs.Users can check the verification status of their Telegram accounts and TON wallets on the Fragment profile page. Currently, purchasing Telegram Premium and Star Coins through @PremiumBot or app stores remains unaffected by this new requirement. Decentralized marketplaces like Getgems.io continue to allow the purchase of anonymous numbers and usernames using cryptocurrency without KYC. However, it remains uncertain whether these NFTs will be usable on Telegram in the long term. As of now, Telegram has not officially responded to these changes.

According to PANews, OpenAI has introduced a new feature for iPhone and iPad users, allowing them to access the 'SearchGPT' option through the 'Shortcuts' app. This update enables users to launch the ChatGPT application and utilize its web search capabilities via a shortcut. To use this feature, users must update to the latest version of the ChatGPT app.

According to NS3AI, the bitcoin-dev mailing list, a vital platform for discussions on Bitcoin's development, has recently shifted from the Linux Foundation archives to Google Groups. This transition has sparked concerns within the Bitcoin community, which places a high value on decentralization. The move to Google Groups, a service provided by a major tech corporation, has led to debates about the potential risks of centralization and the implications it might have on the open-source nature of Bitcoin's development.In addition to the mailing list transition, the ongoing debate about the true identity of Bitcoin's founder, Satoshi Nakamoto, continues to stir controversy. The mystery surrounding Nakamoto's identity has been a topic of intrigue and speculation since Bitcoin's inception. Various individuals have been suggested as the possible creator, but no definitive evidence has emerged to confirm any of these claims. This enduring mystery adds another layer of complexity to the discussions within the Bitcoin community, as it grapples with both technological and philosophical challenges.

According to Odaily, SpaceX, led by Elon Musk, is preparing for its sixth Starship flight test, which is slated to occur as early as November 18, 2024, at 16:00 Central Time (UTC+8: 6:00 the following day). The initial launch window is expected to last approximately 30 minutes.The primary objective of this test is to further validate the reusability of the Super Heavy booster and the Starship upper stage. This mission is part of SpaceX's ongoing efforts to enhance the efficiency and reliability of its spacecraft, which are designed for a variety of missions, including potential future journeys to Mars. The reusability of these components is crucial for reducing costs and increasing the frequency of launches, thereby advancing SpaceX's long-term goals in space exploration.

According to TechCrunch, OpenAI has acquired the domain Chat.com, adding it to its portfolio of notable domain names. As of this morning, visitors to Chat.com are redirected to OpenAI's AI-powered chatbot, ChatGPT. An OpenAI spokesperson confirmed the acquisition through email communication.Chat.com is a longstanding domain, having been registered in September 1996. Last year, it was reported that Dharmesh Shah, co-founder and CTO of HubSpot, purchased Chat.com for $15.5 million, marking it as one of the highest publicly reported domain sales. In March, Shah announced the sale of Chat.com to an undisclosed buyer. Later, he confirmed via a post on X that OpenAI was the purchaser, suggesting that the transaction involved OpenAI shares.Despite the acquisition, the domain name has not changed hands since its sale last year, indicating that OpenAI is not hosting ChatGPT on Chat.com. This suggests that the acquisition does not signify a rebranding effort by OpenAI. The company has not disclosed the financial details of the purchase.

According to BlockBeats, Google CEO Sundar Pichai sent an urgent company-wide email on Monday, emphasizing the importance of Google remaining a 'trusted source of information' regardless of the election outcomes. This communication follows claims by former President Donald Trump that Pichai personally called him to discuss the popularity of his search results and threatened to sue Google for alleged election interference.Major tech companies are reportedly easing the strict content moderation policies that were implemented starting in 2020. For instance, YouTube now permits allegations of election fraud, while Meta has reduced the visibility of political content. These changes come amid accusations of bias, with Silicon Valley appearing to focus on avoiding conflicts with Trump supporters. The shift in content moderation strategies reflects a broader trend among tech giants to navigate the complex landscape of political discourse and public perception, especially in the context of ongoing debates about misinformation and platform responsibility.

According to Cointelegraph, OpenAI, the developer of ChatGPT, is reportedly in early discussions with regulators in California and Delaware to explore transitioning into a for-profit entity. The company, valued at $157 billion, has initiated talks with California Attorney General Rob Bonta's office and his Delaware counterpart, as reported by Bloomberg, citing sources familiar with the situation.In September, Reuters revealed that OpenAI was considering restructuring its core operations into a for-profit company, moving away from its current non-profit board control. A significant challenge in these discussions is determining the value of OpenAI's intellectual property, which includes its highly profitable large language model chatbot. The valuation process is complicated by California law, which mandates that the value assigned to nonprofit assets must be allocated to a charitable cause. OpenAI's primary assets are its intellectual property, adding complexity to the transition.A for-profit structure is seen as more appealing to investors compared to a nonprofit research organization. However, this transformation raises concerns about whether OpenAI, founded in 2015, is maintaining its original mission of developing AI products that are safe and beneficial to humanity. In May 2023, tech billionaire Elon Musk questioned the legality of the transition following his $50 million investment in the firm. Musk criticized OpenAI for shifting from an open-source, non-profit entity to a closed-source, profit-driven company, effectively controlled by Microsoft. Musk filed a lawsuit against OpenAI and CEO Sam Altman in February 2024 for breach of contract but withdrew it in June.Bret Taylor, chairman of OpenAI's nonprofit board, stated to Bloomberg that the nonprofit would remain part of any new corporate structure, ensuring it continues to thrive and receive full value for its stake in the for-profit entity. A spokesperson for Bonta's office emphasized the firm's commitment to protecting charitable assets for their intended purpose.OpenAI established a capped for-profit subsidiary in 2019 to support the high costs of AI model development. The company experienced a period of instability, including the brief firing and rehiring of CEO Sam Altman, as tensions rose on the nonprofit board over balancing AI safety with commercialization pressures. On October 23, long-time OpenAI safety researcher Miles Brundage resigned, expressing plans to start a new nonprofit or join an existing one focused on AI policy research and advocacy.In early October, reports indicated that OpenAI might not turn a profit until 2029, despite reaching $100 billion in revenue, as it is projected to incur a loss of about $5 billion in 2024.