PA Daily | DIN launches airdrop query page and publishes token economics; CEXs such as Binance and Upbit will be launched on Solayer
Reprinted from panewslab
02/11/2025·29DToday's news tips:
NYSE Arca Apply for Cardano ETF for Grayscale
DIN launches airdrop query page and publishes token economics
Binance Alpha is listed on Autonolas (OLAS)
Binance HODLer airdrop launches Solayer (LAYER)
Regulatory/Macro
Former Thai Prime Minister proposes to develop Phuket into a Bitcoin sandbox zone
According to Bitcoin News, former Thai Prime Minister Thaksin Shinawatra proposed to develop Phuket into a Bitcoin sandbox area, allowing foreign tourists to use Bitcoin to pay for real estate and travel-related fees without cash restrictions.
Four.Meme has been hit by malicious attack and has urgently suspended DEX transactions
According to the official announcement of Four.Meme, the project is currently facing malicious attacks and the team has quickly intervened to deal with it. To ensure security, token trading on decentralized exchanges (DEXs) has been temporarily suspended and will be reopened after the repair is completed.
According to The Block, Japan's Tokyo-listed mobile game company Gumi Inc. announced plans to purchase 1 billion yen (about 6.6 million US dollars) of Bitcoin between February and May to strengthen its Web3 business and node operations. Gumi said the company will use the excess Bitcoin funds to participate in the Babylon Bitcoin staking agreement, and is expected to obtain additional income through BTC price increases, pledge income and validator rewards. Gumi became the first public company in Japan to participate in the Babylon agreement and will conduct a quarterly assessment of the fair value of cryptocurrency holdings. In addition, Japanese investment consulting firm Metaplanet Inc. previously announced the establishment of a Bitcoin reserve, currently holding 1,762 BTC and plans to expand to 10,000 BTC by the end of the year.
According to Fox Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission and Binance have jointly filed a motion to the court to suspend the SEC's lawsuit against Binance for 60 days. The move is the first pending request for a cryptocurrency lawsuit since Mark Uyeda took over as acting chairman of the SEC. The documents show that the SEC's new crypto regulatory task force could affect potential solutions to the case, so the SEC filed a brief suspension of litigation, which Binance agreed to and believed was in line with the principles of judicial economics. If approved by the court, the case will be re-evaluated 60 days later. The market expects that other crypto companies such as Ripple, Coinbase, and Kraken that have legal disputes with the SEC may also seek similar litigation suspension applications.
NYSE Arca Apply for Cardano ETF for Grayscale
According to The Block, NYSE Arca, a subsidiary of the New York Stock Exchange, has filed a 19b-4 document with the U.S. Securities and Exchange Commission (SEC), applying 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. Recently, the market has submitted a variety of crypto ETF proposals, including products based on Dogecoin, XRP, Litecoin and Solana.
According to CNBC, U.S. federal prosecutors accused Tom Goldstein of concealing two cryptocurrency wallets, including receiving more than $8 million in funds and transferring $6 million in the past week, violating court orders, and thus being re-arrested. Goldstein was previously indicted in January for tax evasion, accusing him of failing to declare millions of dollars in poker gambling income and using law firm funds to repay gambling debts. He was accused of owing more than $5.3 million in taxes. Prosecutors said he had provided cryptocurrency and other benefits to a key witness, suspected of attempting to interfere with witness testimony. Court documents show that since November 2022, Goldstein-controlled wallets have collected a total of $75.6 million and sent $73.6 million. Although the wallet funds were zero when the lawsuit was sued in January, its wallet received $10 TEDA (USDT) on February 4, and an hour later, an additional $8 million, and then quickly transferred $6 million. Prosecutors believe Goldstein has a serious risk of absconding, violates bail conditions, and deceives the court and pre-trial service agencies, demanding that his bail be revoke. Goldstein appeared in Maryland federal court on Monday for a bail hearing. At present, the case is still under further trial.
The United States announces 25% tariff on all steel and aluminum imported from the United States
According to the news broadcast, US President Trump signed an executive order announcing a 25% tariff on all steel and aluminum imported to the United States. Trump said on the same day that the relevant requirements "no exceptions and exemptions." During his first term, Trump imposed a 25% tariff on steel entering the United States and a 10% tariff on aluminum entering the United States. Later, he gave tax-free quotas to trading partners such as Canada, Mexico, the EU and the United Kingdom.
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.
According to Decrypt, North Carolina lawmakers have proposed investing up to 10% of the state's public funds and retirement system funds in Bitcoin ETFs. The proposal was submitted by Rep. Deborah Ross (D-NC) on Monday and, if approved, the state government may invest more than $10 billion in Bitcoin-related funds. The bill does not directly mention Bitcoin, but requires investment in ETFs that track digital assets with a market value of at least $750 billion. The only crypto asset that meets the standard is Bitcoin. North Carolina has actively promoted crypto-friendly legislation in recent years, and has previously passed a bill to prohibit state governments from accepting central bank digital currency (CBDC) payments. But some lawmakers in the state are still cautious about the crypto industry and have proposed banning or strictly supervising crypto mining in counties such as Henderson, Polk, and Rutherford. The bill allows state finance departments to directly invest in Bitcoin ETFs or manage them through third-party agencies, but third-party agencies are required to provide annual audited financial reports unless the finance department exempts this requirement based on a cost-benefit analysis.
AI
Musk leads $97.4 billion in OpenAI proposal rejected by Altman
According to the Wall Street Journal, a group of investors led by Elon Musk proposed to acquire a non-profit organization that controls OpenAI for $97.4 billion, hoping to restore it to a "public welfare organization with open source and security as the core." In response, OpenAI CEO Sam Altman responded on the X platform: "No, thank you, but if you want, we can acquire Twitter for $9.74 billion." The acquisition proposal is led by Musk's AI company xAI, and investors include Investment funds of Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital, 8VC and Ari Emanuel. OpenAI did not respond.
Project News
Web3 gaming ecosystem Treasure DAO announced the upcoming launch of the Mage platform, a launch platform and ecosystem focused on AI agents, aiming to bring a new experience as gaming and entertainment through multi-agent collaboration. Mage is built on the @elizaOS framework, deeply integrated with Treasure's gaming infrastructure, supports all mainstream game engines, and is able to generate and manage single or clustered AI agents. At the heart of the Mage platform is the $MAGIC token, which will serve as a "magic" fuel to summon and maintain the operation of AI agents. In the future, Mage will not only support the gaming field, but will also expand to a wider application scenario to realize interaction, collaboration and creation between people and AI agents. Mage's first application scenario is Smolworld, and the platform is expected to be launched on Treasure chain in the next few weeks. The first batch of features include the initial version of the proxy startup platform and the proxy coordination engine. Previous news, the Web3 game ecosystem Treasure officially launched the main network after moving to ZKsync.
DIN launches airdrop query page and publishes token economics
According to official news, the first AI Agent blockchain DIN has been launched on the $DIN token airdrop query page. This airdrop is mainly aimed at active contributors of the DIN ecosystem and will be divided into two stages: The first stage: open to xDIN holders and Chipper node holders. Users can query the airdrop share from February 11. Applications will start from February 14; the second phase: Open to Binance Wallet Airdrop Event Participants and DIN Test Network Event Participants. Inquiry and application will be conducted simultaneously within 7 days after TGE. In addition, the DIN team also announced the economics of $DIN tokens: the community and ecosystem can allocate 61.5% of DIN tokens, the team and consultants account for 17.5%, investors account for 16%, and marketing and liquidity account for 5%.
Binance Alpha is listed on Autonolas (OLAS)
The Binance Alpha platform is now available on Autonolas (OLAS). It should be noted that this does not mean that the project will be officially listed on the Binance Exchange.
Bithumb will support Solayer (LAYER) won trading
Bithumb announced that it will launch the Korean won trading market for Solayer (LAYER). LAYER will support the Solana network, and deposits from other networks will not be supported. The deposit and withdrawal services are expected to be open at 21:00 on February 11, 2025, but the transaction opening time must be notified separately after sufficient liquidity is sufficient.
Upbit will launch Solayer (LAYER) Korean won, BTC and USDT transactions
Upbit announced that it will add new transactions to Solayer (LAYER), a digital asset that supports the Solana network. LAYER will support KRW, BTC and USDT market transactions. At present, LAYER's deposit service is expected to be open at 21:00 on February 11, but the transaction support time needs to be notified separately after sufficient liquidity within the platform.
Binance HODLer airdrop launches Solayer (LAYER)
According to Binance announcement, HODLer airdrop has launched the eighth phase of the project Solayer (LAYER), and users can obtain LAYER airdrops through BNB subscription for currency earning products. The event time is from 08:00 on February 1 to 07:59 on February 6 (East Eighth District time). Airdrop tokens will be distributed to users' spot wallets one hour before the transaction is opened. Binance will list LAYER at 22:00 on February 11 (East Eighth District Time), and open BTC, USDT, USDC, BNB, FDUSD, and TRY trading pairs, with seed label trading rules applicable. LAYER airdrop and token details: • Total supply: 1 billion pieces • Total HODLer airdrop: 30 million pieces, accounting for 3% of the maximum supply • Additional marketing allocation: 20 million pieces, to be distributed 3 months after listing • Listing Front circulating supply: 210 million pieces, accounting for 21% of the maximum supply • BNB holdings hard top: single user holdings account for ≤4%
Bithumb will launch Story (IP) Korean won trading pair, opening trading on February 13
According to Bithumb's announcement, Story (IP) will be launched in the Korean won (KRW) market soon. The specific arrangements are as follows: • Support market: Korean won (KRW) trading pair • Support network: Story (no recharge for other networks) • Recharge/withdrawal opening hours : Expected on February 13 (time to be determined) • Transaction opening hours: Expected on February 13 (time to be determined)
Ouyi OKX will launch IP spot trading on February 13
According to Ouyi OKX announcement, IP (Story Protocol) will officially launch spot trading on February 13, and the specific arrangements are as follows: • Coin recharge opening: 9:30 am on February 11 (UTC+8) • Call bidding: February 13th from 4:00 to 5:00 pm (UTC+8) • IP/USDT spot trading opening: 5:00 pm (UTC+8) • Withdrawal opening: 5:00 pm (UTC+8) UTC+8)
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.
Berachain opens RFB and social airdrop collection, which does not affect BERA circulation and supply
According to the Berachain Foundation announcement, RFB and Social airdrops are now open to be collected, and users can go to airdrop.berachain.com to apply. RFB allocation objects are long-term applications and communities in Berachain ecological construction, and recipients must follow official guidelines. In addition, Berachain stressed that RFB and social allocations are already included in the initial circulation supply of tokens and will not affect the current circulation of BERA.
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.
Viewpoint
FTX creditors: If SBF fails to file for bankruptcy, its assets may exceed US$65 billion
According to Sunil, the FTX creditor's representative analysis, if SBF does not file for bankruptcy, its assets may be valued at more than $65 billion, including: 55 million Solana (about $11 billion), Anthropic ($4.2 billion), and 890 million Sui Tokens and equity (US$3.2 billion), GDA investment (US$1.2 billion or more), K5 investment (US$700 million, including SpaceX's $190 million), FTX business valuation (US$40 million net income corresponds to US$40 billion valuation value) and 280 million FTT tokens (about $5 billion). Previous news: The total net assets of the top 500 richest people in the world exceeded the $10 trillion mark in 2024, and CZ Wealth rose by 60% to $55 billion.
Matrixport: Ethereum may rebound due to RSI lows and upgrade plans
Matrixport's report today pointed out that Ethereum's Relative Strength Index (RSI) has fallen to an all-time low, approaching an extreme oversold range, which may provide conditions for an ETH price rebound. In addition, Ethereum's highly-watched Pectra upgrade plan will be launched in March 2025. This upgrade integrates the original Prague and Electra versions, which are expected to significantly improve the scalability, efficiency and user experience of the network. The report also mentioned that before the upgrade is officially launched in March, the market may issue multiple test network announcements, which may further boost market sentiment. Although Ethereum's historical upgrade events are often accompanied by the "sell news" market, the current oversold market background may create opportunities for the rebound of ETH prices.
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. Among them: • Litecoin (LTC): 90%, because it is regarded as a high probability commodity by the SEC • Dogecoin (DOGE): 75%, and is also highly likely to be recognized as a commodity by the SEC • Solana (SOL): 70%, but the SEC still regards It is Securities • XRP: 65%, mainly affected by SEC litigation, and 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 be by the end of 2025 Resolve some "securities vs. commodities" regulatory disputes. 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.
Important data
According to statistics from crypto KOL AB Kuai.Dong, Binance significantly reduced its platform's own BTC and ETH positions in January and converted most assets into stablecoin USDC. Among them, BTC positions dropped from 46,896 to 2,747 (94.1%), ETH positions dropped from 216,313 to 175 (99.9%), SOL positions decreased by 99%, and USDT positions almost cleared (99.9%). In contrast, BNB's share reduction ratio was lower, only 16.6%, from 5.839 million to 4.869 million, with a change of about US$615 million. Meanwhile, Binance's USDC holdings increased by 57.5%, from 805 million to 1.268 billion, with a value of US$463 million. The data comes from Binance Reserves Certificate, mainly involving the platform's own funds, rather than user deposits. Analysts believe that this move may be to make profits, adjust asset structure, enhance liquidity, or prepare for future regulatory and market fluctuations. Some users also said that the share reduction is likely to be to pay fines to US regulators.
According to SoSoValue data, yesterday (February 10, Eastern Time), the total net outflow of Bitcoin spot ETFs was US$186 million. Among them, Grayscale ETF GBTC had a net outflow of US$46.2605 million in a single day, and GBTC's historical net outflow reached US$21.952 billion. However, Grayscale Bitcoin Mini Trust ETF BTC had no capital flow yesterday, with a total historical net inflow of US$1.237 billion. BlackRock ETF IBIT had a net inflow of US$55.3647 million yesterday, the most inflows of Bitcoin spot ETF on the day. Currently, the total net inflow of IBIT has reached US$40.85 billion in history. As of press time, the total net asset value of Bitcoin spot ETFs was US$114.437 billion, the net asset ratio of ETFs (market value accounts for the total market value of Bitcoin) reached 5.93%, and the historical cumulative net inflow has reached US$40.514 billion.
According to Lookonchain monitoring, whale address is increasing its holdings of ETH on a large scale. Among them, address 0xb99a…BcF5 extracted 56,909 ETH (about $151.6 million) from Binance 4 hours ago, address 0xEd0C…4312 extracted 64,603 ETH (about $171.8 million) from Binance and Bitfinex in the past 48 hours.
Ambraxas Capital extracted 24,000 ETH from Binance, about $64 million
According to The Data Nerd monitoring, 6 hours ago, Ambraxas Capital-related wallets pulled 24,000 ETH (about $64.04 million) from Binance. Currently, the total value of the institutional portfolio has exceeded US$500 million, of which approximately 50% of its holdings are ETH.
