Important information last night this morning (February 6-February 7)
Reprinted from panewslab
02/07/2025·17D
Utah's U.S. legislation to invest in Bitcoin has been passed by the House of Representatives
According to Bitcoin Magazine, legislation on investing in Bitcoin in Utah in the United States has been passed by the House of Representatives and is now handed over to the Senate for consideration.
US SEC solicits public comment on a proposal to convert Grayscale Litecoin Trust to ETF
According to The Block, the U.S. Securities and Exchange Commission (SEC) solicited public comments on a proposal to convert a grayscale Litecoin (LTC) trust into an ETF. In a document released Thursday, the SEC acknowledged the application submitted by NYSE Arca on behalf of Grayscale and requested comments to be submitted within 21 days of the release of the Federal Register. The SEC may decide to approve, deny, or “start the program.” NYSE Arca filed 19b-4 documents last month to apply to convert the "Greyscale Litecoin Trust" and "Greyscale Solana Trust" into ETFs. The 19b-4 document is the second part of a two-step process in which the spot cryptocurrency ETF is proposed. Once the SEC confirms the document, it will be published in the Federal Gazette, starting the agency's approval process. Several companies have submitted fund proposals based on other altcoins such as Dogecoin (DOGE) in the past few weeks, and it seems that the SEC leadership changes may be more conducive to the approval of cryptocurrency ETFs.
US SEC considers proposal to modify BlackRock spot Bitcoin ETF to allow physical redemption
According to The Block, the U.S. Securities and Exchange Commission (SEC) is considering a proposal that will change BlackRock's spot Bitcoin ETF to allow for physical redemption. In a document released Thursday, the SEC acknowledged the proposal and requested comments to be submitted within 21 days of its document being published in the Federal Gazette. Under the document, the SEC can then decide to approve, deny, or “start the program.” According to Form 19b-4 documents, Nasdaq released a revised rule file on behalf of BlackRock last month that will allow iShares Bitcoin Trust to undergo physical redemption and creation. More than a year ago, companies were discussing technical details about how the redemption process for the product works when the SEC was considering whether to approve spot Bitcoin ETFs. The SEC prefers a cash model, which requires BlackRock to remove Bitcoin from storage, sell it immediately, and then return the cash to investors. The SEC later approved BlackRock's spot ETF proposal and other proposals in January 2024. In a post on the X platform, James Seyffart, an analyst at Bloomberg think tank, said in a post on the X platform that changing the redemption and creation process does not mean that individual investors will be able to trade in physical goods, and only authorized participants can do it.
Foreign media: US SEC seems ready to advance ETF applications for XRP, LTC and SOL
The Securities and Exchange Commission (SEC) took the first step on Thursday to allow the launch of new cryptocurrency ETFs that track the prices of assets such as Litecoin and Solana, while also approving the use of existing cryptocurrency ETFs, according to CoinDesk. A new way to redeem funds. Meanwhile, several companies have also made progress in launching XRP ETFs, further demonstrating that the US SEC is more friendly to cryptocurrencies under the country's new government. Earlier Thursday, the SEC confirmed Grayscale’s submission of Solana (SOL) ETF application, meaning the committee now has time until October to approve or reject the application. The SEC also confirmed a series of other applications related to cryptocurrency ETFs on Thursday, including the Litecoin (LTC) ETF application submitted by Grayscale, and a proposal from BlackRock to allow iShares Bitcoin ETFs to be created and redeemed in physical form. During the evening hours in the U.S., Cboe submitted listing and trading applications for four ETFs aimed at tracking XRP prices. The exchange filed four 19b-4 documents with the SEC on Thursday, targeting potential ETFs from Bitwise, 21Shares, Canary Capital and WisdomTree. All four issuers have previously submitted S-1 documents, which is the first step in bringing ETFs to market. While Thursday’s actions do not necessarily guarantee that the SEC will approve all of these products, they do show that under current SEC management, these companies feel more at ease about expanding ETF products outside of Bitcoin and Ethereum.
According to The Block, Cboe BZX Exchange submitted 19b-4 documents on behalf of Bitwise, 21Shares and Canary Capital to apply for listing and trading of XRP spot ETFs. The 19b-4 document is the second part of a two-step process to propose to the U.S. Securities and Exchange Commission (SEC). Once confirmed by the SEC, the document will be published in the Federal Gazette to initiate the agency's approval process. Bitwise first submitted an application for registration for the spot XRP ETF in October 2023, while 21Shares submitted an S-1 registration statement for the XRP ETF to the SEC in November. WisdomTree submitted an application for a spot XRP ETF to the SEC in December 2023, while NYSE Arca released a 19b-4 document on January 30 to apply for converting Grayscale’s XRP trust into a spot cryptocurrency ETF. CoinShares also filed a registration statement for the “CoinShares XRP ETF” last month. Purpose Investments submitted a preliminary prospectus for the XRP ETF to Canadian regulators on January 31, hoping to become the world's first issuer of XRP ETF.
According to Bitcoin Magazine, the Czech president formally signed a bill that allows capital gains tax to be exempted from holding Bitcoin for more than 3 years.
According to Globenewswire, Trump Media and Technology Group (TMTG) has applied to register the Truth.Fi brand exchange-traded fund (ETF) and independent management account (SMA) trademark, including Truth.Fi US-made ETF, US energy independent ETF and Bitcoin Plus ETF, etc. The program is part of TMTG's fintech strategy, which is expected to receive up to $250 million in investment and is escrowed by Charles Schwab. In addition, the company has reached a service and authorization agreement with Yorkville Advisors, and Yorkville will serve as a registered investment consultant, responsible for product design and regulatory promotion. TMTG CEO Devin Nunes said the investment vehicle is designed to provide investors with options that comply with the "America First" principle, including Bitcoin-related strategies to distinguish them from existing financial products on the market.
According to Solid Intel, French prosecutors said the case of Telegram founder Pavel Durov will not be heard for at least one year and think it is "too early" to negotiate a settlement.
Trump Family Crypto Project WLFI Plans to Create "Strategic" Token Reserve
According to Bloomberg, Chase Herro, co-founder of World Liberty Financial, the DeFi project of U.S. President Trump, said the platform plans to create a "strategic reserve" with the tokens it purchased. Herro did not specify what World Liberty’s goal is to hold the token reserve. This topic has attracted much attention since Trump pledged to establish a token reserve during his campaign last year. Last month, he signed an executive order requiring an assessment of the feasibility of creating a digital asset reserve. Donald Trump Jr. made a appearance at the Ondo Summit at the Lincoln Center Jazz Hall on Thursday, the president's latest move to showcase support for the digital asset industry. Although World Liberty is advertised as a DeFi lending platform, it has not yet begun operations. So far, the project is known for buying niche tokens.
People familiar with the matter: crypto exchange Gemini is considering IPO as early as this year
According to Bloomberg, people familiar with the matter said Gemini, a cryptocurrency company backed by billionaire Winklevoss twin brothers, is considering an initial public offering as early as this year, and the cryptocurrency exchange and custodian are working with potential advisers on listing matters, according to Bloomberg. Conduct negotiations. Gemini's website shows that the company has offices in New York, Seattle, Singapore, London, Dublin and Gurgaon, India, and has more than 500 employees.
According to ARTNews, Justin Sun is filing a lawsuit against billionaire collector David Geffen, seeking the return of the Alberto Giacometti sculpture "Le Nez" he bought at Sotheby's in 2021 for $78.4 million. Justin Sun accused his art consultant Xiong Zihan Sydney of selling the sculpture to Geffen without his knowledge by forging signatures and fictitious lawyers. Sun claims that he never authorized Xiong to conduct any transactions, but Xiong still reached a deal with art dealers through intermediaries to exchange two paintings and $10.5 million cryptocurrency for sculptures between January and March 2024, which is far lower. Yu Sun Yuchen’s target price. In addition, Xiong allegedly used the cash part of the transaction to deceive Justin Sun, handing him over as a "deposit" for the fictitious buyer, and withheld $500,000. Justin Sun didn't discover this until December last year when he asked about the progress of the transaction. However, Geffen's lawyers objected to the allegation, believing it was bizarre and unfounded, suggesting that Justin Sun just regretted the original deal. His lawyer pointed out that the transaction was completed through an intermediary, and if Justin Sun is now unhappy with the deal his intermediary has reached for him, then this is not the basis for filing a claim against Geffen. Sun's lawyer argued that Geffen's team should find obvious red flags before the transaction, especially the lawyers Xiong allegedly hired to handle business through personal Gmail accounts. The lawyer questioned the existence of the lawyer and said that Xiong repeatedly forged Justin Sun's signature and fabricated the existence of the lawyer, which was illegal.
According to the Wenhui News report of Hong Kong media, the network security report shows that there are currently 2,650 counterfeit DeepSeek websites and phishing websites, and it is still increasing rapidly. Users need to be highly vigilant. The use of these counterfeit domain names is mainly phishing fraud, domain name registration, Traffic guidance, among which phishing fraud mainly involves fraud by stealing user login credentials, misleading users with similar domain names and interfaces, and luring users to purchase virtual assets. Statistics found that large-scale counterfeit DeepSeek domain name registration activity began on January 26, 2025 and peaked on January 28. Although the increase subsequently decreased, the number continued to increase. In addition, 60% of these counterfeit domain names have analytical IPs located in the United States. Scammers have also launched various high-quality air coins (virtual currencies with no substantial value) with so-called "DeepSeek support". They even claimed that they could buy original internal shares of DeepSeek. Websites may cause large property losses to users.
Franklin Templeton seeks US SEC approval for its launch of new cryptocurrency index ETF
Franklin Templeton Investments said Thursday that the company is seeking regulatory approval to launch a new cryptocurrency index ETF as asset managers hope to win the U.S. president after Trump reported, Reuters reported After the election, you can profit from the cryptocurrency boom. "The fund may not hold any digital assets except Bitcoin and Ethereum at this time. It is not yet certain whether it will be in the future except Bitcoin and Ethereum," Franklin Templeton said in a filing with regulators on Thursday. Any digital assets of this are added to the underlying index. "This provides room for Franklin Templeton to modify its ETFs after other cryptocurrencies are approved by the SEC.
Coinbase has been launched on Ether.fi (ETHFI) and Berachain (BERA)
According to the official announcement, Coinbase has launched Ether.fi (ETHFI) and Berachain (BERA) in the early morning of this day.
According to CoinDesk, Ethereum developers have officially set a test date for the Pectra upgrade, the first upgrade for the network in 11 months and is expected to be released in April. Ethereum’s core developers decided on Thursday’s biweekly “all core developers” conference call to start testing Pectra on Feb. 26 on Holesky Test Network, followed by scheduled to be on Sepolia Test Network on March 5 Conduct follow-up tests. If these tests are successful, the developers will meet again on March 6 to determine the time for the official release of the upgrade. According to Tim Beiko, head of agreement support at the Ethereum Foundation, developers expect the upgrade to go online in early April. Pectra will include a range of improvements – focusing on wallets and validators in particular. Pectra is composed of two independent upgrades Prague and Electra, which includes eight major improvements to Ethereum. The most anticipated of these is EIP-7702, a proposal designed to improve the user experience of cryptocurrency wallets, and addresses on Ethereum called External Owned Accounts (EOAs) will be reconfigured to support smart contract capabilities. Another major feature of Pectra, EIP-7251, will allow validators to increase the amount of ETH they can stake—from 32 ETH to 2,048 ETH, and it will also help speed up the setup process for new nodes—the current system causes validators to need It takes several weeks to queue to start the new infrastructure.
Solana re-staking platform Solayer announced the token economics of its governance token LAYER. The maximum supply of LAYER tokens is 1 billion and the initial circulation is 220 million. The allocation accounts for the following: ①51.23% are allocated to communities and ecosystems: of which 34.23% are used for continuous R&D, developer programs, ecosystem development and other user activities; 14% are used for community activities/incentives (12% are reserved for Genesis Drop, which includes rewarding early adopters and other initial application activities); 3% is allocated through Emerald Card Community Sales. ②17.11% are allocated to core contributors. ③16.66% have been sold to investors. ④15% is allocated to the Solayer Foundation to support product expansion and network development. Regarding LAYER Genesis Airdrop, the second LAYER allocation is aimed at existing community members who have supported Solayer since they went online in 2024. Solayer reserves 12% of the total supply to Solayer community members, integration partners and liquidity providers, and users who meet the following qualifications: Solayer sSOL and sUSD holders, users who delegate sSOL to AVS partners, in partnership Users who deposit sSOL or sUSD in the DeFi protocol, users who deposit whitelist LST (liquidable staked tokens) on Solayer, users who deposit Solayer through partners and wallet activities, LRT protocol, and other claim plans. In addition, Solayer said its core focus is on infinitely scaling SVM (Solana Virtual Machine). In 2025, Solayer will introduce the concept of offloading blockchain hardware into programmable hardware chips, achieving unlimited expansion - launching a million-level TPS network, InfiniSVM.
Coinbase International Station will launch PENGU, POPCAT, and HNT perpetual contracts
According to the Coinbase International Exchange announcement, the platform and Coinbase Advanced will support PENGU, Popcat (POPCAT), and Helium (HNT) perpetual contracts. The relevant market is expected to open trading at 9:30 UTC or later on February 13, 2025.
Ondo Finance announces Layer-1 blockchain Ondo Chain to drive asset tokenization
According to CoinDesk, Ondo Finance, the world's second largest US Treasury tokenization platform, announced the launch of Ondo Chain, a licensed Layer-1 blockchain designed specifically for traditional financial institutions, aiming to connect traditional capital markets with decentralized finance ( DeFi). Ondo Chain will comply with compliance standards while maintaining transparency and accessibility of public chains, and adopting license verification nodes to ensure the accuracy of financial data. The network supports tokenized asset pledge and inter-chain interoperability, providing institutions with more efficient asset management solutions.
Coinbase International will launch Berachain perpetual contract
According to the Coinbase International Exchange announcement, the platform and Coinbase Advanced will support Berachain (BERA) perpetual contracts, and the BERA-PERP market is expected to open trading at 17:00 UTC on February 6, 2025.
DeepSeek: No virtual currency is issued
According to Jinshi, as for whether virtual currencies were issued, DeepSeek said that it has never issued any virtual currencies. Please pay attention to identification and invest rationally to avoid property losses.
Berachain main network is officially launched, Bera NFT airdrops have been opened to be collected
According to the official announcement of Berachain Foundation, the Berachain main network is officially launched. The chain is EVM compatible with L1 blockchain, adopts the Proof of Liquidity consensus mechanism, supports single-slot finality, and provides security and liquidity integration by the BeaconKit modular framework. • Bera NFT airdrop: can be collected at airdrop.berachain.com, and you must first bridge from Ethereum to Berachain through nftbridge.berachain.com. • Cross-chain bridge: bridge.berachain.com (supports LayerZero and Stargate). • Transaction query: berascan.com (supported by Etherscan). • Ecological infrastructure: including Safe multi-signature, Tenderly debugging, Fireblocks MPC wallet, Python oracle, etc., the ecological dApp TVL exceeds US$3 billion. • Security Audit: Audited by Spearbit, Netherlands, Quantstamp, and the vulnerability bounty program has been launched in Immunefi.
Coinbase executive says Satoshi Nakamoto may remain active on the chain in 2014
According to The Block, Conor Grogan, head of research at Coinbase, found that wallet addresses related to Satoshi Nakamoto may remain active as of 2014 at the latest, based on Arkham's recent "Patoshi Pattern" Bitcoin address. Grogan noted that the addresses had sent BTC out 24 times, some of which flowed to Canadian exchange CaVirtEx (acquired by Kraken in 2016). He speculated that Kraken might have possessed Satoshi’s identity information, but Kraken’s official response only said: “We are all Satoshi.” In addition, Grogan pointed out that Satoshi’s BTC valuation may exceed $109 billion, and his wealth is far away Super Bill Gates. However, he believes that these Bitcoins have not moved so far, which has enhanced the possibility that Satoshi Nakamoto is no longer active.
Binance will launch BERA U-standard Perpetual Contract
According to Binance announcement, Berachain (BERA) will gradually launch services such as Binance Financial Management, one-click buying of coins, flash exchange, leverage and contracts from February 6 to 7. • Financial Management: BERA guaranteed capital earning current period opens subscription at 21:00 on February 6, and opens regular investment purchase at 18:00 on February 7. • One-click coin buying & flash exchange: BERA can be purchased with credit cards, Google Pay, Apple Pay within 1 hour after being launched, and can be redeemed for BTC, USDT, etc. without handling fees. • Leveraged trading: 00:00 on February 7, supports BERA/USDT, BERA/USDC full position and position-by-position leverage. VIP 7-9 users can borrow 30 minutes in advance. • Contract: BERA U standard perpetual contract (1-75 times leverage) will be launched at 23:00 on February 6.
Telegram mandates TON Connect to all crypto wallets, sparking community opposition
According to Cointelegraph, Telegram now requires all third-party crypto wallets to use TON Connect as the only wallet connection protocol, and restrict Mini Apps from supporting only TON blockchain, causing decentralization and exclusive controversy. Telegram sets February 21 as the migration deadline, and wallets that have not integrated TON Connect will be suspended. The official wallet Wallet in Telegram is not affected because of its native support for TON Connect. Bitget Wallet has integrated TON Connect on January 16 to optimize the Telegram ecological user experience. This move has aroused dissatisfaction among some developers, and Grindery Wallet has even considered quitting the Telegram ecosystem. CEO Tim Delhaes pointed out that Telegram gives developers a very short time to adjust, similar to the monopoly behavior of large technology companies, which may damage developers' trust in the platform.
Canadian regulators have announced that cryptocurrency funds no longer qualify for lower margins, a provision that applies to crypto funds involving OCC options trading, Cointelegraph reported. Regulators noted that the policy aims to reduce market instability while increasing leveraged trading costs due to volatility and liquidity risks. However, specific margin eligibility can still be individually evaluated under the terms 5310(1) and 5311(1) of the IDPC Rules.
Strategy plans to list STRK convertible preferred shares on Nasdaq this Thursday
According to CoinDesk, Strategy (formerly MicroStrategy) is expected to list its convertible preferred stock Strike (STRK) on the Nasdaq this Thursday. The company announced key performance targets for 2025 in its latest financial report, including a $10 billion Bitcoin earnings target and a 15% Bitcoin yield. So far, its BTC-related income has reached US$1.24 billion, with a year-to-date yield of 2.9%. Additionally, due to the failure to adopt FASB accounting standards, the company recorded $1 billion in asset impairment losses and plans to adopt new rules this quarter. So far, the company has used $17 billion of its $21 billion ATM stock issuance program, with stock sales accounting for 2.9% of the total trading volume. Strategy's shares rose 1.3% before the market.
Bhutanese government transfers 377.77 BTC to two unknown wallets
According to Onchain Lens monitoring, the Bhutan government transferred 377.77 bitcoins to two unknown wallets, worth approximately US$37.28 million. Currently, the Bhutanese government still holds 11,145 BTC worth approximately US$1.1 billion.
An investor opened a position 5 minutes before CZ mentioned $TST, and the return reached 1885%.
According to statistics from Aunt Ai, the address 0xeBB…74711c was the first to build a position of US$35,000 in the first 5 minutes of CZ mentioning the $TST token. It has now made a floating profit of US$657,000, with a return rate of up to 1885%. After CZ tweeted, the address quickly increased its position by 2 BNB, and currently holds 28.82 million TSTs, becoming the TOP 1 holding address of the token.
WLFI purchased 342,000 ONDOs on the chain, worth about $460,000
The information on the chain shows that WLFI purchased 342,000 ONDOs through CoW Protocol, worth about US$460,000.
Pump.Fun once again deposits 140,285 SOLs into Kraken, worth $26.6 million
According to Onchain Lens monitoring, three hours ago, Pump.Fun once again deposited 140,285 SOLs into Kraken, worth $26.6 million. In 2025, Pump.Fun sent a total of 1,021,162 SOLs to CEX, worth US$208.32 million. They made a total of 2,724,719 SOLs worth $525.81 million.
chaincatcher
jinse