Important information last night and this morning (February 10-February 11)
Reprinted from panewslab
02/11/2025·7D
The United States announces 25% tariff on all steel and aluminum imported from the United States
Musk leads $97.4 billion in OpenAI proposal rejected by Altman
Layer3 Gaming Network B3 announces its B3 token
Coinbase is now available on the Base network B3
According to Coinbase Assets announcement, Coinbase will support B3 (Base) tokens, which are limited to the Base network only. B3's money transfer function has been opened in Coinbase and Coinbase Exchange. B3 (Base) (B3) is now online on the Coinbase official website and iOS and Android applications, and is marked as an "experimental" asset. Coinbase users can log in to the platform to buy, sell, convert, send, receive and store B3.
SEC accepts 21Shares Bitcoin and Ethereum Spot ETF physical redemption application
According to Solid Intel, the U.S. Securities and Exchange Commission (SEC) has accepted an application to allow 21Shares Bitcoin and Ethereum spot ETFs to be redeemed in kind.
Nasdaq has submitted 19b-4 application documents for CoinShares' LTC ETF and XRP ETF
Hackers who hacked SEC accounts announced Bitcoin ETF approval will be sentenced on May 16
According to King Shi, Eric Council Jr, a 25-year-old man in Alabama, admitted to being involved in a hacker attack on the SEC's "X" account. Last January, he posted a fake post on the platform, announcing that the first (spot) Bitcoin ETF was authorized. Coulson pleaded guilty in federal court in Washington Monday to aggravate identity theft and access device fraud. Judge Amy Berman Jackson is scheduled to be sentenced on May 16. Prosecutors accused Coulson of using fake identification and cheating employees of a local mobile phone store to help him hack the victim's cell phone. A day before the SEC account was hacked, analysts expected the SEC to announce approval of spot Bitcoin ETFs. The hacker's fake post on January 9, 2024 caused the price of Bitcoin to soar.
NYSE Arca Apply for Cardano ETF for Grayscale
NYSE Arca, a subsidiary of the New York Stock Exchange, has filed 19b-4 documents with the U.S. Securities and Exchange Commission (SEC) to apply for the launch of Cardano (ADA) Spot Exchange Trading Fund (ETF) on behalf of Grayscale. The ETF will be managed by Coinbase Custody Trust Company, LLC and BNY Mellon Asset Servicing. This is the first ADA-based ETF on the market. This application is the second step in submitting spot encrypted ETFs to the SEC. Once accepted by the SEC and published in the Federal Gazette, the approval process will be officially launched.
Strategy spends $742.4 million to increase its holdings of 7,633 bitcoins
According to Form 8-K filings filed by Strategy (formerly MicroStrategy), the company acquired approximately 7,633 bitcoins for approximately $742.4 million in cash between February 3, 2025 and February 9, 2025, an average of each. Bitcoin is about $97,255 (including fees and expenses). The purchase of these Bitcoins comes from (i) earnings from shares issued and sold under the Sales Agreement, and (ii) earnings from STRK issuance. As of February 9, 2025, the Company and its subsidiaries held approximately 478,740 Bitcoins, with a total purchase price of approximately US$31.1 billion, and the average purchase price per Bitcoin was approximately US$65,033 (including handling fees and expenses). ).
According to the official announcement of Story, its Public Mainnet will be officially launched on February 13. At the same time, the $IP token claim and query function will also be available on the same day, and users can check and receive the corresponding allocation.
According to analysts James Seyffart and Eric Balchunas, the current market has a relatively high probability of approval of Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), and XRP spot ETFs. in:
• Litecoin (LTC): 90%, because it is regarded as a high probability commodity by SEC
• Dogecoin (DOGE): 75%, also highly likely to be recognized as a commodity by the SEC
• Solana (SOL): 70%, but the SEC still regards it as a securities
• XRP: 65%, mainly affected by SEC litigation, regulatory disputes need to be resolved
Seyffart said XRP and DOGE's ETF applications are expected to be accepted by the SEC this week, and the SEC and Commissioner Hester Peirce's crypto working group is expected to resolve some of the "securities vs. commodities" regulatory disputes by the end of 2025. He pointed out that if the SEC is still dominated by the Democrats, the probability of these ETFs being approved would be "very low".
In addition, Seyffart emphasized that the biggest obstacle to the approval of XRP ETF is still the lawsuit with the SEC. The SEC needs to clarify the Ripple case before the ETF has a higher possibility of passing.
Bithumb will launch Story (IP) Korean won trading pair, opening trading on February 13
Ouyi OKX will launch IP spot trading on February 13
Coinbase International Station Pre-Launch Market will launch IP Perpetual Contract
Virtuals Protocol: VIRTUAL tokens have been expanded to Solana chain
Binance Leverage will remove leveraged trading pairs such as HMSTR/FDUSD, SAGA/BTC on February 17
Binance Leverage will remove the following leveraged trading pairs at 14:00 on February 17, 2025 (East Eighth District time): Full position leverage: HMSTR/FDUSD, SAGA/BTC Position-by-position leverage: HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC, SAGA/BTC
ZK identity project Holonym acquires Gitcoin Passport for $10 million
The ZK digital identity project Holonym Foundation is expanding its network by acquiring Gitcoin Passport, an identity verification platform. On February 10, Holonym announced that it had spent $10 million to acquire Gitcoin Passport to expand its decentralized identity (DID) tool as part of the Human.tech suite.
As part of the acquisition, Gitcoin Passport will rename Human Passport to better reflect its status as a Proof of Human (PoH) solution that allows individuals to verify their identity without revealing sensitive personal data. Passport is an authentication aggregator that allows users to collect "seals" or verifiable credentials from various Web2 and Web3 validators such as Google or Holonym. It is designed to protect user privacy and guard against Sybil attacks or hackers involving creating fake identities to manipulate the network.
According to CoinShares' latest weekly report, digital asset investment products inflows for five consecutive weeks last week, totaling US$1.3 billion, bringing the inflow so far this year to US$7.3 billion. Recent price declines have caused ETP's total managed assets to drop from an all-time high of $181 billion set at the end of January to $163 billion. Trading volume this week is stable at $20 billion.
From a regional perspective, the inflow of funds in the United States is US$1 billion, but buying on dips is very common, and inflows have also occurred in most other regions, most of which are Germany, Switzerland and Canada. It is $61 million, $54 million and $37 million, respectively.
Bitcoin inflows of $407 million, with global ETP currently accounting for 7.1% of its current market capitalization, becoming the largest holder relative to any other entity. This week, Ethereum became the focus, with its price falling to nearly $2,100 recently, triggering a large amount of buying on dips and inflows of $793 million, surpassing Bitcoin for the first time this year. Other notable inflows are XRP and Solana, at $21 million and $11 million, respectively. Blockchain stocks have flowed in another $33 million, bringing inflows so far this year to $194 million.
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