Tether Lianchuang develops interest-producing stablecoin Strategy to buy BTC again
Reprinted from jinse
02/19/2025·2MHeadlines
▌ Tether is developing interest-producing stablecoin
According to Bloomberg, Tether co-founder Reeve Collins is developing an interest-producing stablecoin project, planning to compete with Tether and will launch on Ethereum and Solana blockchains later this year.
The project will mint stablecoins through smart contracts, with assets backing including real-world assets with income such as bonds. Unlike Tether, which makes profits through investment reserves, the new project will distribute profits to participants in promoting stablecoins and launch governance tokens where token holders can participate in platform decisions and share platform revenue.
▌ Strategy announces the issuance of $2 billion convertible priority notes to support the purchase of more Bitcoin
Strategy (MSTR.O) announced that it plans to issue its 0% convertible priority notes due in 2030 to a private placement of qualified institutional buyers, with a total principal amount of US$2 billion. Strategy also expects to grant the right of purchase to the initial purchaser of the Note, which shall be settled within five working days (including the same day) from the date of the initial issuance of the Note, with a total principal amount of up to US$300 million. Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin and as working capital.
Quotes
As of press time, according to Coingecko data:
BTC's recent transaction price is US$95,591.97, with an increase of -0.4% intraday;
ETH's latest transaction price is US$2,672.55, with an intraday increase and decrease of -2.8% ;
BNB's recent transaction price is US$648.23, with an intraday increase and decrease of -3.0% ;
SOL's latest transaction price is US$169.74, with an intraday increase and decrease of -4.6 % ;
DOGE's recent transaction price is US$0.2518, with an intraday increase and decrease of -2.7% ;
XPR's recent transaction price is US$2.57, with an intraday increase and decrease of -3.5 % .
policy
▌US SEC solicits public feedback on approving Grayscale and Bitwise Ethereum ETF options trading
The SEC is seeking public comments on whether the agency should approve options trading in three spot Ethereum ETFs.
The Securities and Exchange Commission solicited on whether to allow the Chicago Exchange (Cboe Exchange, Inc.) on Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF and Bitwise Ethereum Comments on listing and trading options on ETFs should be submitted within 21 days of the publication of the Federal Register.
The institution has not approved options trading for spot Ethereum ETFs. The SEC approved several spot Ethereum ETFs in May 2024, and since then, companies have been competing for options trading licenses.
▌U.S . judge refuses to order temporary ban on access rights of the "Ministry of Government Efficiency"
U.S. District Judge Tanya Chutkan ruled that he refused to order a ban on the "District of Government Efficiency" from accessing federal agencies' computer systems or directing the firing of government staff during the lawsuit, rejecting Democratic state attorney general's previous proposal request. Attorneys generals of more than a dozen U.S. states filed a lawsuit on the 13th, questioning Musk and his "Government Efficiency Department"'s power to access sensitive government data.
▌US SEC has confirmed that it has received the application for Bitwise spot XRP ETF
According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has confirmed the receipt of the application for the Bitwise spot XRP ETF.
Blockchain application
▌Mastercard ' s crypto business manager: The company has shifted from the experimental stage to providing practical encryption solutions
Raj Dhamodharan, head of crypto and blockchain business at Mastercard, said the company has moved from the experimental stage to providing practical encryption solutions. Mastercard recently cooperated with compliance company Notabene to integrate its Crypto Credential system into the SafeTransact platform, enabling users to transfer crypto assets through email addresses instead of complex wallet addresses.
Dhamodharan pointed out that Mastercard will focus on developing three areas in 2025: construction of cryptocurrency up and down chain channels, expansion of Crypto Credential functions and stablecoin business. The company has supported financial institutions to use stablecoins for transaction settlement, and plans to announce more partnerships and application scenarios this year. Regarding the trend of asset tokenization, he said that once the regulation clearly allows deposits to be expressed on the public chain, this field will usher in larger-scale development.
▌ Starknet: The second phase of STRK pledge is scheduled to start in Q2, and the third phase is scheduled to start in Q4
Starknet posted on X platform that “STRK staking phase 2 will begin in a few months (Q2 2025). The main goal of the 2nd phase is to allow validators to play an active role in staking and assume the consensus Official roles are assessed before their activity, with the third phase expected to begin in the fourth quarter of 2025. To achieve this, Starknet recommends introducing validator block proofs and may include commission increase functionality.”
Cryptocurrency
▌ FTX: The next round of repayment allocation is expected to start on May 30, 2025
FTX announced that it has begun to make its first payment allocation to the holders of the approved claimants for the Convenience Classes in the Chapter 11 restructuring plan. Clients are expected to receive funds within 1 to 3 working days.
The expected registration date for the next round of allocations is April 11, 2025, and applies to approved FTX Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims ) holders of , these categories are defined in accordance with the Plan of Restructuring.
For Convenience Claims that have been approved after the initial registration date but have not yet received the allocation, the next round of registration date is also set as April 11, 2025. The next round of allocation is expected to begin on May 30, 2025.
▌ Libra Token Co-founder claims to have given money to Argentine President Mile's sister
Libra token co-founder Hayden Davis claimed in a text message last December that he had reached Karina Milei, the sister of Argentina President Javier Milei ) bribery to influence the president's decision-making and said, "I gave his sister money, he signed it as I wanted and acted as I asked."
Karina Mile is an important figure in the Mile government. She is currently the Secretary-General of the Argentine Presidential Palace and the sister of the current Argentine President Javier Mile. At present, neither Karina Mile's office nor Hayden Davis responded to requests for comment, and whether the latter actually paid the funds was not clear.
Standard Chartered Bank analyst: The prediction that Bitcoin will exceed $500,000 when Trump leaves office is still valid
Standard Chartered analyst Geoff Kendrick had previously said he expected the price of Bitcoin to exceed $500,000 when Donald Trump stepped down.
He said in a report Tuesday morning that the forecast remains valid, reviewing BTC’s short-term weak price movements, with a recent series of 13F documents on the ownership of spot Bitcoin ETFs giving data support. Kendrick said the buyer type has grown from retail investors to hedge funds, and now to banks and sovereign wealth funds, noting that institutions such as Goldman Sachs have increased their ETF holdings, and Abu Dhabi has also purchased Bitcoin ETFs for the first time.
"Looking forward, we expect more long-term long funds to buy Bitcoin and expect Abu Dhabi's position to be the beginning of wider participation of sovereign states," analysts said.
▌A trader made a profit of US$109 million by sniping TRUMP coins, and the on-chain correlation caused doubts about insider trading
A joint investigation by blockchain data platform Bubblemaps and well-known YouTuber Coffeezilla showed that traders with the pseudonym Naseem made a profit of $109 million in TRUMP token trading through 'sniper'. On-chain data shows that Naseem purchased tokens for $1.09 million in the first second of TRUMP online and paid a priority transaction fee of $84,000, and then spread the funds to at least 9 wallets.
Bubblemaps notes that although insider trading cannot be fully confirmed, the high correlation of multiple on-chain addresses is 'not to be ignored'. Naseem denied receiving internal news that its team speculated the launch time by observing the interaction of Meteora's funding pool.
▌ Semler Scientific Q4 net profit surged as Bitcoin positions revaluation increased
Semler Scientific (SMLR) adopted new 'fair value' accounting standards in Q4 2024 to revaluate Bitcoin assets, increasing its holdings by $28.85 million. The guidelines were launched by FASB in March 2024 and require companies to report digital assets at market value starting from Q1 2025, which can be adopted in advance.
This adjustment drove Q4 net profit to $29.2 million, with earnings per share (EPS) reaching $3.64, a significant increase from $4.2 million ($0.62 per share) in the same period last year. Semler shares rose 2.1% on Tuesday.
Nearly 100 million USDCs transferred from unknown wallets to Coinbase Institutional
According to monitoring by Whale Alert, the on-link data tracking service, at around 7:11 am Beijing time, 99,995,000 USDCs were transferred from unknown wallets to Coinbase Institutional.
▌ Tether Treasury adds 1 billion USDT to the Tron blockchain
On-chain data shows that about 20 minutes ago, Tether Treasury added 1 billion USDTs to the Tron blockchain.
Tether CEO Paolo Ardoino said this will add $1 billion in inventory to Tron Network. Note that this is an authorized but unissued transaction, which means that the amount will be used as inventory for the next issue request and chain exchange.
Important economic trends
▌Federal Vice Chairman of Regulation: The Fed takes a neutral stance on encryption
FOX Business reporter Eleanor Terrett disclosed that the outgoing Federal Reserve Michael Barr spoke on bank decentralization and crypto-regulation at the New York Foreign Relations Commission this afternoon. Barr said the Fed is trying to take a "neutral" stance on the above issues. The Fed expects that they operate in a safe and sound manner and comply with consumer laws, anti- money laundering laws and anti-terrorism financing laws. If they do, we have no objection.
“The Fed has a novel regulatory program designed to oversee institutions in the field to ensure we have the expertise to properly execute the field. Some institutions are doing this, while others are doing it wrong and getting stuck, either because of anti-money laundering , bank confidentiality law issues, either because they can’t meet the liquidity needs of their customers, and then they go bankrupt. So, at least for me, it’s just direct middle-level risk management and banking. If you do it right, you Can do it. If you do it wrong, then you shouldn't."
Barr also said he had never seen evidence that a client had been cancelled from a bank account due to political views.
▌The US Secretary of State has a phone call with foreign ministers from many European countries, and all parties agree to work together to end the Russian-Ukrainian conflict
On February 18 local time, the US State Department issued a statement saying that US Secretary of State Rubio met with the Russian Foreign Minister in Riyadh in Saudi Arabia earlier that day, and then held talks with the foreign ministers of France, Germany, Italy and the United Kingdom and the EU's high- level representatives on foreign affairs. chat. Rubio informed the foreign ministers of the meeting and all parties agreed to continue to maintain close ties and work together to end the Russian-Ukrainian conflict.
▌The probability of the Federal Reserve keeping interest rates unchanged in March is 97.5%
According to CME's "Federal Observation": the probability of the Fed keeping interest rates unchanged in March is 97.5%, and the probability of cutting interest rates by 25 basis points is 2.5%. The probability of maintaining the current interest rate unchanged by May is 86.1%, the probability of a cumulative interest rate cut of 25 basis points is 13.6%, and the probability of a cumulative interest rate cut of 50 basis points is 0.3%.
▌Preview : The joint interview between Trump and Musk will be broadcast at 10:00 am on the 19th Beijing time
On the occasion of the full moon Trump takes office as US President, his joint interview with Musk, the "No. 1 buddy in the United States" will be broadcast on Fox News. This pre-recorded interview will be broadcast on Tuesday night of Eastern Time (10 a.m. Beijing time on the 19th). The interview will focus on the first 100 days of the Trump administration and Musk's The role of the Ministry of Efficiency of Government. The joint interview comes as Trump and Musk continue to implement large-scale layoffs in government departments. In addition, Musk said in the pre-recorded clip that he had been "worship" by leftists before he supported Trump, and that he compared the so-called "Trump Dementia Syndrome" on the left to rabies.
Golden Encyclopedia
▌What is fractal Bitcoin
Fractal Bitcoin is an innovative blockchain expansion solution based on recursive virtualization technology that enhances Bitcoin’s scalability by creating multi-layer network structures while maintaining a secure connection to the main network. The creative background of fractal Bitcoin originated from the emergence of the Ordinals protocol and related applications in 2023. For security reasons, Bitcoin imposed restrictions on opcode and block storage space in its iteration. When the Bitcoin chain ecosystem was developing rapidly, there were limitations in on-chain computing power and block space, so the developers proposed that The concept of fractal Bitcoin is expected to solve the shortcomings of the Bitcoin network.
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
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