PA Daily | MicroStrategy is renamed to Strategy and releases Q4 financial report; Binance, OKX, Upbit and Bithumb are launched on Berachain (BERA)
Reprinted from panewslab
02/06/2025·19DToday's news tips:
1. The US Federal Deposit Insurance Company discloses 175 encrypted related bank regulatory documents
2.NYSE Apply to Convert Grayscale Litecoin Trust to Spot LTC ETF
3. MicroStrategy Q4 financial report: Net loss of US$670.8 million, buying more than 210,000 BTC
4. MicroStrategy announces rename to Strategy to emphasize its cryptocurrency-centric business
5.Berachain announces token economics and starts airdrop inquiry
6. Jupiter's official X account was attacked and the client or project funds were never threatened
7. More than $700,000 ETH marked as a North Korean hacker on Hyperliquid is liquidated
8.Ringkong Game: Never had any commercial cooperation with Oneness Labs and had no relationship with "SHOWA Tokens"
9.DYOR Lianchuang: The average entry price of Berachain VC is about US$1.207
Regulatory/Macro
Federal Deposit Insurance Corporation discloses 175 encrypted bank regulatory documents
According to the official website of FDIC, the Federal Deposit Insurance Corporation (FDIC) released 175 documents today, involving the supervision of banks participating in or attempting to participate in encryption-related businesses.
Acting Chairman Travis Hill said that the FDIC had previously released 25 "suspended" letters received by 24 banks, and the documents released this time include more correspondence between these banks and relevant communication records of other banks. The documents show that banks' requests for crypto business generally face resistance, including repeated requests from regulators for additional information, long-term failure to respond or direct instructions to suspend all encryption and blockchain activities, resulting in most banks eventually abandoning relevant attempts.
Hill said that FDIC is reevaluating the regulatory approach of crypto-related businesses and plans to replace the regulatory guidelines for 2022 (FIL 16-2022) to provide a compliance path for banks to engage in crypto businesses while ensuring security and robustness. The FDIC will also participate in the Presidential Working Group to cooperate with the President's Executive Order on January 23 to discuss the regulatory discussion on the digital asset market.
New Mexico senator submits strategic Bitcoin reserve bill
New Mexico Senator Anthony Thornto submitted the Strategic Bitcoin Reserve Act, proposing to invest 5% of public funds in Bitcoin.
Brazilian MP proposes draft bill allowing Brazilian funds to invest in cryptocurrencies
Brazilian MP Adriana Ventura has proposed a bill that plans to allow Brazilian investment funds to directly invest in crypto assets such as Bitcoin. This measure will “provid a regulated safe environment”. Adriana Ventura said this will allow the fund to “expand its portfolio diversify.” The main focus of the bill is to allow investors to make up for losses and increase the exemption limit for net earnings in stock-related transactions. But the draft bill also includes a provision that allows “investment funds registered in Brazil” to purchase cryptocurrencies from companies registered and operated in the country. Currently, major Brazilian institutional investors are unable to directly invest in cryptocurrencies. Some believe this is out of sync with the fact that Brazil's retail cryptocurrency market is rapidly expanding. Many claim that the Brazilian cryptocurrency market is the largest market in the entire Latin American region.
CFTC fines EmpiresX founder $130 million for cryptocurrency fraud case
The U.S. Commodity Futures Trading Commission (CFTC) announced that a U.S. federal court ordered fines and compensation of more than $130 million to the Brazilian founder of the illegal cryptocurrency investment platform EmpiresX.
On February 4, U.S. District Court Judge Cecilia Altonaga imposed permanent bans, financial penalties and other legal actions against EmpiresX founder Emerson Pires, Flavio Goncalves and his partner Joshua Nicholas. The case was originally filed on June 30, 2022 and absenteeism was finally ruled as the defendant failed to respond to the charges by the deadline.
Empires Consulting operates a fraudulent investment program, EmpiresX, which falsely promises high returns to investors, according to court documents. Pires and Goncalves are accused of obtaining at least $40 million from victims through fake cryptocurrency advertising. Instead of investing these funds as promised, the founders abused them to buy Bitcoin and Ethereum while limiting withdrawals and showing false profits from non-existent investments. EmpireX founders use the funds to personal expenses, including buying luxury goods and travel. Despite this, investigators recovered about $22.8 million in digital currency from them.
Project News
Ondo Finance announces launching RWA tokenization Platform Ondo Global Markets
RWA protocol OndoFinance announced that it will launch Ondo Global Markets (Ondo GM), a tokenization platform focused on stocks, bonds and ETFs, allowing investors to access the U.S. securities market through blockchain.
The platform supports thousands of RWAs (real world assets), provides 1:1 support tokenized stocks and ETFs, which can be freely transferred, traded, and borrowed 24/7, lowering investment thresholds and improving liquidity. Ondo Finance said that Ondo GM will make the securities market officially go online this year like a stablecoin to the US dollar.
Binance HODLer airdrop launches Berachain (BERA)
According to the Binance announcement, Berachain (BERA) became the seventh project in the HODLer Airdrops program. Anyone who subscribes to BNB to Simple Earn products from January 22 to January 26, 2025 will receive a BERA airdrop reward.
Binance will launch BERA at 13:00 (UTC) on February 6, 2025, and open BTC, USDT, USDC, BNB, FDUSD, and TRY trading pairs.
Key information:
- Total airdrop: 10 million BERA (2% of Genesis' total supply)
- Listed circulation: 107.48 million BERA (accounting for 21.5% of the total supply of Genesis)
- Network: Berachain main network (can be queried after it is publicly launched)
- Inflation mechanism: 10% additional issuance per year
- An additional 5 million BERA will be used for marketing in 12 months
Solana Chain Meme Coin PAIN announced that it will refund 80% of the pre-sale funds
According to the official announcement of PAIN, it raised 185,976 SOL in 48 hours, setting the highest dollar-value meme coins in the history of the Solana chain.
As the official meme coin of "Hide the Pain Harold", PAIN is designed to express pain rather than increase investors' losses. The team announced that it would refund 80% of the pre-sale funds, and only 20% would be retained for starting liquidity, paying listing fees, etc. The allocation plan will be calculated based on the SOL ratio invested by the user, but the robot address of 0.9 SOL and the CEX funds of 212.3 SOL will not be allocated. All funds sent after block 318346069 will also be returned.
NYSE Apply to Convert Grayscale Litecoin Trust to Spot LTC ETF
According to the disclosure documents, the New York Stock Exchange (NYSE) has filed Form 19b-4 to apply to convert the Grayscale Litecoin Trust (Grayscale Litecoin Trust) into a spot Litecoin ETF.
The application is part of the proposed rule changes and is reviewed by the SEC (SEC) and the public can submit comments. If approved, this will be another compliant spot crypto asset ETF following Bitcoin and Ethereum ETFs, which may bring new liquidity and investment opportunities to the LTC market. The SEC has previously approved Bitcoin spot ETFs and is reviewing other crypto asset ETF applications.
Pudgy Penguins destroyed 12.16 billion unclaimed PENGUs, accounting for 13.69% of the total supply
According to the official announcement of Pudgy Penguins, after the (airdrop) collection period ended, the team has destroyed 12,164,667,616 $PENGU, accounting for 13.69% of the total supply.
MicroStrategy Q4 financial report: Net loss of US$670.8 million, buying more than 210,000 BTC
MicroStrategy (now "Strategy") reported fourth-quarter financial results, with its Bitcoin holdings nearly doubled. Operating expenses for the quarter reached US$1.103 billion, a year-on-year increase of 693%. The company reported a net loss of $670.8 million, with total revenue of $120.7 million, about $3 million lower than generally expected and a 3% decrease from last year. As of December 31, 2024, the company's cash and cash equivalents were $38.1 million, down from $46.8 million in the same period last year.
Strategy currently holds 471,107 Bitcoins with a market capitalization of approximately US$44 billion. The fourth quarter was the company's largest increase in Bitcoin holdings in the quarter, eventually acquiring 218,887 BTC for $20.5 billion. The company reported a BTC yield so far this year is 74.3%.
MicroStrategy announces renamed to Strategy to emphasize its crypto-centric business
According to the official announcement, MicroStrategy announced a rename to Strategy to emphasize its cryptocurrency-centric business. The announcement said the company will now conduct business under the name of Strategy. This brand simplification is a natural evolution of the company, reflecting the company's focus and wide appeal. The new logo includes a stylized “B” that represents the company’s Bitcoin strategy and its unique position as a Bitcoin finance company. The brand’s main tone is now orange, representing energy, wisdom and Bitcoin.
Berachain announces token economics and starts airdrop inquiry
Berachain Foundation announced that the Berachain airdrop query has been opened and the tokens can be collected through various EVM wallets such as Metamask and OKX Wallet on February 6, 2025. The total tokens in the BERA Genesis period were 500 million, with 16.8% of the initial core contributors, including consultants and members; 34.3% of the investors were distributed to seed, A and B investors; 15.8% of the community airdrops were allocated, Including test network users, Berachain NFT holders, ecosystem NFT holders, social supporters, ecosystem dApps, community builders, etc.; future community incentive allocation is 13.1%; ecosystem and R&D allocation is 20% to support ecosystems System development, R&D, growth planning and operations of the Berachain Foundation.
All parties follow the same attribution schedule:
- Initial Unlock: After a year of cliff, 1/6 of the allocated tokens are unlocked
- Linear Attribution: The remaining 5/6 of the tokens are linearly attribution in the next 24 months
Jupiter official X account suspected to be attacked, and token CA is released
Jupiter's official X account was suspected to be hacked and a token CA was released.
Jupiter: Client or project funds are never threatened, all members are safe
Jupiter tweeted that he had regained control of X's account. It should be clear that the client or project funds are never threatened. All programs and funds are kept in a secure multi-signature. No other communication channels were affected. Thankfully, all members of the team are safe. Jupiter is completely safe, the problem is limited to Twitter, and the situation is under control.
Bithumb will be launched on Berachain (BERA)
According to the official announcement, South Korean crypto exchange Bithumb will launch Berachain (BERA), and trading is expected to start at 9 pm on February 6 (UTC+8).
OKX will launch BERA (Berachain) spot trading
According to the official announcement, OKX will launch BERA (Berachain) spot trading. The transaction is open at 9:00 pm on February 6 (UTC+8).
Upbit will launch BTC and USDT trading pairs for Jito (JTO), Scroll (SCR)
According to the official announcement, Upbit will launch BTC and USDT trading pairs of Jito (JTO), Scroll (SCR).
Upbit will launch BERA won, BTC and USDT trading pairs
According to the official announcement, Upbit will launch Berachain (BERA)'s Korean won, BTC and USDT trading pairs.
Viewpoint
Standard Chartered Bank predicts Bitcoin will rise to $500,000 during Trump's tenure
Standard Chartered predicts that Bitcoin will rise to $500,000 during Trump's tenure, close to half of its gold market capitalization. BTC is expected to reach US$200,000 in 2025, rise to US$300,000 in 2026, exceed US$400,000 in 2027, and reach US$500,000 in 2028, with a total market value of US$10.5 trillion. The main driving factors include Bitcoin spot ETFs attracting $39 billion inflows, improving the regulatory environment in the United States, and the Trump administration’s consideration of establishing a national digital asset reserve. Standard Chartered believes that as volatility declines, Bitcoin's share in the portfolio will increase, attracting more traditional investors and driving long-term gains.
DYOR Lianchuang: The average entry price of Berachain VC is about $1.207
DYOR co-founder Hitesh.eth tweeted that Berachain raised $142 million at an average valuation of $414 million by allocating about 34.3% of the supply to VCs. The average entry price for VC is about $1.207. If BERA matches SUI's unimplemented VC returns (about 15 times), the token should be listed at a price above $15 at release, but this possibility is low. If the token matches Sei's unrealized VC gain (approximately 10 times), it should be listed at a price above $10. Therefore, the bull market for BERA will be between $10-15 and the bear market will be between $5-10.
Trump's second son Eric Trump: Now is a good time to buy BTC
Trump's second son Eric Trump tweeted that now is a good time to buy BTC and mentioned the Trump family's crypto project WLFI.
Earlier on February 4 , Trump's second son Eric Trump posted on X platform: "I think now is the best time to increase ETH (In my opinion, it'sa great time to add ETH.).
The official Weibo of Lingkong Games issued a statement: I noticed false information on the Internet about "Oneness Labs acquires shares of Showa's American Story developer and launches $SHOWA cryptocurrency" and made a statement:
1. "Showa Story of America" is a game product under Suzukawa Games. Lingkong Games has never had any commercial cooperation with Oneness Labs, nor has it negotiated equity transactions with Oneness Labs. The financing and cooperation information of Lingkong Games shall be subject to the official announcement.
2.Suzukong Games and its "Showa American Story" game have nothing to do with the so-called "$SHOWA token".Suzukong Games has never granted Oneness Labs any rights related to "Showa American Story" game, and No institution or individual is authorized to issue any virtual currency or financial products. Lingkong Games firmly opposes and boycotts the use of game IP for illegal financial activities. Any virtual currency release behavior related to Suzukawa or Showa Story is fabricated false information. Suzukawa does not assume any responsibility for this and reminds the majority of players to be vigilant to avoid unnecessary losses caused by false information. .
3. In response to Oneness Labs and related parties' dissemination of false information, Lingkong Game reserves all rights to pursue legal responsibility. Lingkong Game calls on the majority of player users, media and partners not to forward or spread false information.
Important data
Ethereum spot ETF net inflows of US$18.1052 million yesterday, continuing net inflows for 5 days
More than $700,000 ETH marked as a North Korean hacker on Hyperliquid is liquidated
According to lmk.fun (formerly Scopescan), the North Korean hacker who had previously traded on Hyperliquid, whose $704,000 ETH was liquidated and currently holds $2,872.
Previous news , Encrypted KOL Tay said on the X platform that it has monitored multiple marked North Korean hacker addresses recently traded on Hyperliquid, and currently has a total loss of more than $700,000.
Derivatives Market CME Group released market statistics for January 2025, revealing that the number of contracts on its platform reached 27.5 million, and the average daily trading volume (ADV) increased by 2% year-on-year. In terms of cryptocurrency, CME Group's cryptocurrency contracts reached 198,000 (nominal value of US$13.6 billion) in January, of which the average daily trading volume of micro Bitcoin futures contracts increased by 255% year-on-year to 84,000; the average daily daily trading volume of micro Ethereum futures contracts on micro Ethereum futures contracts on average Trading volume increased by 223% year-on-year to 69,000 shares.
Multiple whales extract WIF and PEPE from Binance
According to Spot On Chain, several whales are extracting $WIF and $PEPE from Binance today.
- Whale "0xf37" extracted 375.35 billion PEPE (US$3.73 million) 3 hours ago, this is the first whale's increase in holdings.
- Whale "A3kTT" returned after two years of dormant and extracted 6.5 million WIFs ($5.19 million) 9 hours ago
- Whale "4x3M8" extracted 9 million WIFs ($7.42 million) 11 hours ago
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