Binance, the world's largest virtual asset trading platform and blockchain ecosystem leader, recently co-hosted the first offline multinational cross-border law enforcement training conference with its joint venture company Gulf Binance in Thailand, inviting law enforcement officers from various Asia-Pacific countries to gather, exchange knowledge, and enhance professional skills to leverage blockchain technology to combat and dismantle illegal activities.

Binance Asia-Pacific Law Enforcement Day



This one-day training course brought together experts from Binance, the law enforcement portal Kodex, leading blockchain intelligence platforms Chainalysis, Elliptic, Merkle Science, and TRM Labs, who shared experiences and best practices in handling complex cases involving virtual assets.

The Ethereum Foundation (EF) announced on Tuesday that Executive Director Aya Miyaguchi will transition to Chair, a decision made at a time when her leadership style is being questioned by community members, highlighting the challenges and pressures faced internally by the foundation.

Aya Miyaguchi stated in a statement: "The past few weeks have allowed me to deepen my understanding of the essence of Ethereum — it becomes clearer when the community engages in heated debates about network performance and Ether prices."

Countless teams and individuals around the world see Ethereum as their mission, and this tension is our greatest strength: Ethereum belongs to everyone precisely because it belongs to no one.

The US Bitcoin spot ETF experienced a significant outflow on Tuesday, with over $1 billion withdrawn in a single day, marking the worst net outflow record since its launch, causing a sharp increase in market risk aversion.

SoSoValue data shows that on February 25, Eastern Time, among 12 Bitcoin spot ETFs across the US, as many as 10 funds experienced withdrawals, totaling a net outflow of $1.01 billion.

Among them, Fidelity's FBTC experienced the most severe outflow, with a net outflow of $345 million; BlackRock's IBIT saw a net outflow of $164 million; Valkyrie's BRRR lost $100 million; Bitwise's BITB was withdrawn by $88.3 million; and Grayscale's mini Bitcoin trust BTC also saw an outflow of $85 million.

After submitting applications for the listing of Ripple (XRP), Cardano (ADA), and Solana (SOL) spot ETFs, Grayscale Investments is now further expanding its layout with the Polkadot (DOT) spot ETF, hoping to add new players to the cryptocurrency ETF landscape.

Recent news indicates that Nasdaq recently submitted the 19b-4 form to the SEC to apply for the listing of the 'Grayscale Polkadot Trust (DOT)' on the exchange.

According to SEC regulations, the exchange submitted the '19b-4 form' representing the ETF application entering the second stage. Once the SEC accepts it, the application will be published in the Federal Register for public comment, thereby initiating the review process.

Strategy (formerly MicroStrategy) holds a large amount of Bitcoin as a financial reserve for the company, but this 'Bitcoin concept stock' has recently suffered from weak performance, plummeting over 55% from historical highs, leading to speculation that Strategy may be forced to sell its Bitcoin holdings.

Strategy currently holds 499,096 Bitcoins, valued at approximately $43.7 billion, making it the publicly listed company with the largest Bitcoin reserves in the United States. However, with market volatility, concerns about whether Strategy can continue to pursue its 'Bitcoin strategy' are rising.

Strategy's stock price closed on February 25 with a sharp drop of 11%, reporting at $250.51 per share, which has more than halved compared to the historical peak reached last November.

After Bybit suffered a $1.4 billion loss due to a hack, it has officially declared war on the North Korean hacker organization 'Lazarus', not only launching a hacker fund tracking website but also offering a 5% bounty, calling on everyone to assist in tracking and freezing stolen assets.

Bybit CEO Ben Zhou announced the 'declaration of war' last night (25), emphasizing: 'This is the first fully transparent bounty platform dedicated to showcasing Lazarus's money laundering activities.'

Join us in the war against Lazarus – https://t.co/6DnaH1WTId Industry's first bounty site that shows aggregated full transparency on the sanctioned Lazarus money laundering activities. V1 includes: – Becoming a bounty hunter by connecting your wallet and helping trace the fund, when…

The well-known Wall Street investment firm 'Bernstein' reaffirms that the 'target price for Bitcoin in the next year' remains unchanged at 200,000 USD. Analysts emphasize that the current market correction is merely a 'brief interlude' in the bull market, and for long-term investors, it is rather a golden opportunity to 'buy on dips.'

Bernstein analysts state that if Bitcoin falls below 80,000 USD, it will be an extremely attractive buying point. They believe that this wave of correction is merely a short-term market fluctuation and does not affect the overall bull market trend. Analysts wrote in the report:

The development company of the decentralized exchange (DEX) Uniswap, Uniswap Labs, announced on February 25th on the X platform that the U.S. Securities and Exchange Commission (SEC) has completed its investigation of the platform and has no intention of taking enforcement action against the company. This decision marks a significant victory for DeFi in terms of regulation, emphasizing its technology's legality and compliance.

Although the SEC has not issued an official statement now, Coinbase also claimed on February 21st that the SEC has concluded its two-year investigation into it. Additionally, the SEC's enforcement division will also terminate investigations into Robinhood Crypto and OpenSea. Media reports also reveal that the SEC recently met with representatives from several cryptocurrency companies to discuss digital asset regulatory reform. Commissioner Hester Peirce, who is responsible for crypto regulation, suggested that the SEC wait until the new chairman takes office before formulating new policy directions.

The AI track is undergoing an evolution from speculative hype to practical application.

Early AI Meme tokens leveraged the AI hotspot explosion, and now more functional AI trading tools, intelligent investment research, and on-chain AI executors are emerging. From AI-driven on-chain sniping strategies to AI Agents autonomously executing on-chain tasks, and AI-generated DeFi yield optimization solutions, the influence of AI tracks is rapidly expanding.

But while most people can see the exponential growth of AI token market value, they cannot find a coordinate system to decode its value logic. Which AI tracks have long-term viability? Is DeFAI the best application of AI? What are the factors for evaluating AI projects? OKX Ventures' latest research report delves into the development landscape of AI tracks, analyzing concepts, evolutionary history, application tracks, and project cases, hoping to inspire and provoke thoughts on understanding AI's value.

U.S. online brokerage Robinhood announced on Monday that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the company's cryptocurrency trading business and will not take any enforcement action, finally bringing an end to nearly a year of regulatory turmoil.

According to a statement released by Robinhood, the U.S. SEC's enforcement division formally notified the company that the investigation has concluded and that there is no intention to pursue the case further.

The U.S. SEC had issued a Wells Notice to Robinhood in May 2024, when it was widely believed that the regulatory body might take enforcement action against the company.

The publicly traded company with the most Bitcoin holdings globally, "Strategy (formerly MicroStrategy)", has once again made a significant purchase of Bitcoin. According to documents submitted to the U.S. SEC on Monday, the company purchased 20,356 Bitcoins at an average price of $97,514 between February 18 and 23, spending a total of $1.99 billion.

As of now, Strategy holds a total of 499,096 Bitcoins, worth over $47 billion.

According to Strategy co-founder and executive chairman Michael Saylor, the average cost of Bitcoin held by Strategy is $66,357 per coin, with a total cost of approximately $33.1 billion (including fees and other related expenses). In other words, Strategy currently holds 2.3% of the fixed supply of 21 million Bitcoins.

FTX founder Sam Bankman-Fried (SBF) made a rare post on X today, marking his first appearance on a social media platform since January 2023, which immediately drew market attention and caused FTX's platform token FTT to surge over 29%, rising from $1.60 to $2.07, but has since fallen back to $1.69.

Insiders have confirmed that SBF, who is currently serving time in prison, cannot directly log into X or his email account, but he can communicate with the outside world through the Corrlinks system. This system is a communication tool exclusively used within U.S. prisons, allowing inmates to interact with the outside world.

Bitcoin encountered heavy selling pressure today (25th) and plummeted all the way, breaking through the $90,000 mark during the midday session, hitting a three-month low. The cryptocurrency futures contract market was instantly a bloodbath, with the total amount of liquidation on the entire network exceeding $1.3 billion.

CoinGecko market data shows that after Bitcoin fell below $91,000 at around 3 pm Taipei time, the selling wave accelerated one after another, falling below the two integer levels of $90,000 and $89,000 in succession, reaching a low of $88,614.79, hitting the lowest level since November last year.

As of writing, Bitcoin is trading at $89,668, down 6.3% in the past 24 hours; other major cryptocurrencies have also declined, with Ethereum plunging 12.2% to $2,392; Solana (SOL) falling 14% to $135.42; and Dogecoin (DOGE) also falling 11% to $0.2056.

The U.S. Department of Justice (DOJ) announced on Monday that it had reached a $500 million settlement with Aux Cayes FinTech Co. Ltd., a subsidiary of cryptocurrency exchange OKX. The company agreed to pay an $84 million fine and hand over $421 million in illegal revenue, which mainly came from transaction fees the company had charged U.S. users in the past.

OKX issued a statement on Monday stating that the investigation was related to the unlicensed remittance business operated by "Aux Cayes FinTech Co. Ltd.", but all U.S. users have now been removed and the settlement did not involve any allegations of "customer harm."

Ethereum plunged more than 8% in the past 24 hours, with intraday quotes dropping to $2,493. Following the attack on the cryptocurrency exchange Bybit last week, market confidence was severely impacted, and investors are worried that hackers will sell off large amounts of stolen Ethereum, which could lead to continued downward pressure on the price.

Cryptocurrency derivatives trader Gordon Grant noted that as market volatility increases, investors' awareness of the risk of 'further declines in Ethereum' has significantly risen, leading to increased demand for hedging.

He stated that Bybit had previously purchased a large amount of Ethereum to cover the funding gap after the theft, but the buying action has ended. Currently, the main concern in the market is when the Ethereum held by hackers will be sold, as this may further depress prices.

Madman said...

There is no movement in Bitcoin, a number of mainstream currencies are in a slump, not to mention small currencies, which are in a mess. After experiencing a bull market, we look back and suddenly realize that Bitcoin's share of the currency circle has reached 61%, reaching a nearly 4-year high. The secret of not making money may lie in these data. We have been looking forward to round after round, but in the end only Bitcoin remained at a high level. Why is this bull market so strange?

First of all, it must be the liquidity problem. Once upon a time, the liquidity of the cryptocurrency circle was super good, and there were always various opportunities to appear in innovative projects. However, this round obviously has no innovative content. VCs are sharpening their knives in front, and conspiracy groups are gathering to reap profits in the back. In the end, Trump used two presidential coins to completely declare the exhaustion of liquidity in the cryptocurrency circle. Without liquidity, this is the scene we see now. The decline is unimpeded, and it doesn't take too many chips to create a big hole.

U.S. judicial authorities recently seized cryptocurrency worth $31 million, reportedly related to the Uranium Finance hack that shocked the DeFi community in 2021. The Southern District of New York Federal Prosecutor's Office (SDNY) announced early this morning (25th) that this operation was jointly carried out by SDNY and the Homeland Security Investigations (HSI) San Diego office, but did not disclose further investigation details.

SDNY and @HSISanDiego seize cryptocurrency worth approximately $31 million related to the April 2021 hack of Uranium Finance. If you believe you have been a victim of this hack, please contact UraniumVictims@hsi.dhs.gov.

Bitcoin continued to fall today (25th), and was once caught in the "battle to defend $91,000". Not only was it hit by the selling pressure of the overall cryptocurrency market, but the weak trend of the U.S. stock market further dampened market confidence. Experts estimate that the probability of Bitcoin reaching a new high in the next three months is only 20%, so investors should not be overly optimistic about the market outlook.

CoinGecko market data shows that Bitcoin fell to a low of $90,950 this morning, and rebounded to above $92,000 at the time of writing, but the daily decline was still more than 4%; Ethereum fell even more severely, plunging nearly 10% to around $2,500.

Yesterday, the Montana House of Representatives rejected a bill to make Bitcoin a state reserve asset. The main reason was that many lawmakers were worried that the bill would allow the state investment committee to over-speculate and affect the security of taxpayers' funds. The House of Representatives rejected House Bill No. 429 by 41 votes to 59. The bill proposes the creation of a special revenue account to invest in precious metals, stablecoins, and digital assets with a market value of more than $750 billion, and currently the only eligible asset is Bitcoin.

On the other hand, South Dakota's Bitcoin reserve bill has also been shelved for further review and discussion. This move has sparked widespread debate and attention within the state legislature. Supporters believe that establishing a Bitcoin reserve can combat inflation and economic uncertainty, and diversify state government assets through digital currency, allowing South Dakota to take the lead in financial innovation.

As hot spots shift, will opportunities and hot money come in?

At a time when the market is in a chaotic cycle of disorderly fluctuations, Sonic, formerly known as Fantom, has once again re-entered the market's vision by relying on its old business, DeFi. The main currency $S skyrocketed this week, and the overall TVL of the ecosystem doubled within a week. The growth of various DeFi tokens within the ecosystem was even more astonishing. The leading project $Shadow had the highest weekly growth of more than 500%. The same growth occurred in almost every high-quality project in the Sonic ecosystem in the past week.

The recovery of Sonic's ecosystem is undoubtedly due to the high quality of its own DeFi ecosystem, which has brought a lot of external growth. A large part of the popularity is also attributed to Sonic's ecological spiritual pillar - the founder AC (Andre Cronje) has been frantically calling orders and surfing 24 hours a day. No matter whether it is DeFi or Meme, as long as it is a project within its own ecosystem, he will almost always respond and forward it crazily.