Featured News:
1. Starknet airdrop will be available for collection at 20:00 today, and the airdrop quantity for some users has been revised;
2. CoinShares report: Last week, digital asset investment products saw an inflow of $2.45 billion, a record high;
3. Bitcoin open interest is approaching all-time highs;
4. Blast will announce the exact mainnet launch date this week;
5. Ethena Labs launches public mainnet and launches "Shard Campaign" to motivate users
Price Watch
KAS breaks through $0.18, hitting a new all-time high
According to market data, Kaspa (KAS) broke through $0.18 and is currently priced at $0.1803, with a 24-hour increase of 9.08%, setting a record high.
Storage tokens generally rose, AR rose by more than 21% in 24 hours
According to market data, storage tokens have seen a general rise, including:
ICP rose 5.1% in 24 hours and is now quoted at $14.38;
FIL has increased by 18.85% in 24 hours and is currently priced at $7.5;
AR has increased by 21.08% in 24 hours and is currently priced at $14.72;
STORJ has increased by 8.75% in 24 hours and is currently priced at $0.77;
RSS3 24-hour increase of 32.7%, currently priced at $0.228
PIXEL breaks through $0.64
According to market data, PIXEL broke through $0.64 and is currently quoted at $0.6472.
The transaction price of STRK OTC on Whales Market rose to the $2 range
According to the Whales Market trading page information, the current STRK OTC transaction price on the platform has risen to the $2 range, with the highest transaction price being $2.44.
AUCTION breaks through $35, with a 24-hour increase of 9.36%
According to OKX market information, AUCTION broke through US$35 and is currently quoted at US$35.532, with a 24-hour increase of 9.36%.
According to previous news, Bounce has completed a snapshot of users who staked AUCTION on BounceBit at 20:00 today, and those who are qualified will be able to participate in its latest IDO.
CYBER briefly broke through $10 before falling back, with a 24-hour increase of 13.3%
According to market data, CYBER briefly broke through $10 and then fell back. It is now quoted at $9.851, with a 24-hour increase of 13.3%.
Transaction Tracking
The suspected Justin Sun address bought 54,721 ETH in the past 32 hours, worth about $154.4 million
According to Lookonchain monitoring, the suspected Justin Sun address bought 54,721 ETH through Binance and DEX in the past 32 hours, worth approximately US$154.4 million.
A Smart Money transferred 200,000 WLD to CEX 8 hours ago and made a profit of $1.05 million
According to @ai_9684xtpa, a Smart Money transferred 200,000 WLD from OKX at an average price of $2.52 between January 8 and January 31, 2024, spending a total of $500,000. The address deposited all WLD into CEX 8 hours ago to realize a profit of $1.05 million.
A whale has withdrawn OP worth $32.58 million from Binance in the past 160 days, with an average withdrawal price of $2.64
According to Ember’s monitoring, a certain whale has withdrawn a total of 8,287,621 OPs (worth $32.58 million) from Binance in the past 160 days, with an average withdrawal price of $2.64.
The whale has currently made a profit of $10.71 million, with a profit rate of approximately 49%.
In the past two weeks, 10 newly created addresses withdrew 2.6 million LINK from Binance
According to Scopescan monitoring, in the past two weeks, 10 newly created addresses withdrew 2.6 million LINK from Binance, worth approximately US$51.62 million.
A trader sold 10 NFTs purchased 3 years ago and made a profit of $13 million
According to DL News, an anonymous high-value NFT trader has made a profit of $13 million after selling 10 early Ethereum NFTs purchased three years ago. The trader, who goes by the pseudonym OldSchoolCollection, bought 10 NFTs from the Autoglyphs series on the NFT market OpenSea for a total of $1.4 million in February 2021. Today, OldSchoolCollection sold the same 10 Autoglyphs to a private collector through the NFT brokerage platform Fountain for 5,000 Ethereum, worth approximately $14.5 million.
Storj team deposited 2.5 million STORJ to Binance 4 hours ago, about 1.88 million US dollars
According to Spot On Chain monitoring, 4 hours ago, the Storj team deposited 2.5 million STORJs, about 1.88 million US dollars, into Binance.
Project News
Starknet: The airdrop will be available at 20:00 tomorrow, and the airdrop amount for some users has been revised
On February 19, the Starknet Foundation stated on its social platform that the STRK airdrop will be available for collection at 20:00 tomorrow. In addition, based on community feedback, the team has adjusted the airdrop amount for some users. Users can recheck the airdrop amount on the query page tomorrow.
The team said that due to certain regulatory criteria, some community members were excluded from airdropping, and the team is actively working to resolve these issues. At the same time, new programs and participation opportunities will be launched soon.
Blast will announce the exact mainnet launch date this week
Layer2 network Blast officials said they will announce the exact mainnet launch date later this week.
Additionally, Blast said the BIG BANG competition winners will be announced on February 23, and the number of winners in each category will be increased, with more prizes allocated to winners than originally planned.
Insider: eBay has laid off more than 30% of its Web3 team
According to NFTgators, citing people familiar with the matter, e-commerce giant eBay has laid off more than 30% of its Web3 team. Stef Jay, business and strategy officer of eBay's Web3 department, recently resigned, and David Moore, one of the founders of eBay's NFT market KnownOrigin, was also "laid off."
Forbes announces permanent land in The Sandbox
According to Forbes, Forbes announced the official establishment of permanent land in The Sandbox metaverse. This strategic move not only marks Forbes' in-depth exploration of the Web3 field, but also consolidates its belief in the transformative potential of the metaverse. This virtual real estate will serve as a dynamic community center, aiming to promote interaction, participation and cooperation among the Forbes Web3 community.
Trust Wallet Launches Smart Contract Wallet SWIFT
Multi-chain wallet Trust Wallet officially announced the launch of Trust Wallet SWIFT, a smart contract wallet driven by account abstraction. It has entered the public testing phase and will be fully launched globally on February 26, 2024.
SWIFT supports 7 major low-cost and scalable EVM chains, including Arbitrum, Polygon, BSC, opBNB, Base, Optimism, and Avalanche, with plans to add support for more chains.
Fantom Foundation announces 5 winning projects from Sonic Labs incubator
According to the official announcement, the Fantom Foundation announced five winning projects from the Sonic Labs incubator, namely: Lynx, a perpetual DEX project that supports any token as collateral, Thunder Dome, a social protocol, Dēbita, a P2P lending platform, KiriCoin, a green technology startup, and Froqorion, an RPG blockchain game.
Paradex, a decentralized perpetual derivatives Layer2 application chain based on Starknet, has launched its mainnet
According to the official announcement, the decentralized perpetual derivatives Layer2 application chain Paradex based on Starknet has been launched on the mainnet. It is reported that the application chain was incubated by Paradigm (a non-venture capital company), a cryptocurrency institutional liquidity platform.
Paradex is a decentralized perpetual derivatives Layer2 application chain that will combine Paradigm’s liquidity with DeFi’s transparency and self-custody. It will operate as its own chain based on the Starknet developer stack and is the result of a six-month ongoing collaboration between StarkWare and Paradigm.
Dymension Modular Liquidity Layer is now live
According to the official announcement, the Dymension modular liquidity layer has been launched. At the same time, the Dymension embedded AMM has also been launched.
It is reported that this launch will establish Dymension’s fundamental role as a settlement and liquidity layer, enabling users and protocols to share liquidity on the basis of shared security, while laying the foundation for the next stage of licensed RollApps.
Crust launches Polkadot ecosystem data availability and inscription solution SubDA
Decentralized storage protocol Crust Network announced the launch of SubDA, a Substrate-based data availability (DA) and inscription solution customized for the Polkadot ecosystem. SubDA aims to provide data for Blob storage services by introducing Blob transactions and dedicated parachain support.
Starknet Ecosystem DEX Protocol Ekubo: Users will be able to provide liquidity to selected trading pairs to earn STRK incentives
Starknet ecosystem AMM protocol Ekubo posted on the X platform that it will participate in the Starknet DeFi Spring program launched by the Starknet Foundation. In the next six to eight months, users will be able to earn STRK incentives by providing liquidity, starting with the following trading pairs:
STRK/ETH
STRK/USDC
ETH/USDC
USDC/USDT
The rewards users receive will depend on how much liquidity they provide for these trading pairs. In addition, users can also obtain NFTs by completing Intract tasks.
Starknet: Starknet DeFi Spring event will be launched on February 22, distributing 40 million STRK
The Starknet Foundation stated on its social platform that the team will start working with OpenBlock on February 22 to launch the Starknet DeFi Spring event. Users who participate in related DeFi protocol interactions as required can receive a total of 40 million STRK rewards.
Space construction game Project Matthew is now available on BinaryX IGO platform, whitelist snapshot will be completed before March 1
According to BinaryX official news, the space construction game Project Matthew will conduct an IGO on the BinaryX IGO platform in March. Users can obtain the whitelist through BNX on-chain holdings and AI Hero in-game holdings to participate in the BinaryX IGO.
The IGO whitelist snapshot will be completed before March 1, and the IGO opening date is tentative, and the specific time is subject to the official final announcement.
Ethena Labs launches public mainnet and launches "Shard Campaign" to incentivize users
According to official news, Ethena Labs launched the public mainnet and launched the "Shard Campaign" to motivate users. Ethena Labs said that the launch of the public mainnet represents the official launch of its stablecoin USDe.
It is reported that the “Shard Campaign” will be divided into multiple epochs. Each reward involves different activities of USDe and different communities that Ethena will work closely with for integration. The first epoch focuses on the liquidity of the USDe Curve pool.
Ronin Ecosystem DEX Katana Launches RON/PIXEL Liquidity Pool
According to the official announcement, the Ronin ecosystem DEX Katana has launched the RON/PIXEL liquidity pool. Users can directly use the Ronin wallet to trade PIXEL tokens or provide liquidity for the RON/PIXEL trading pair.
CeFi News
Binance launches Pixels (PIXEL) on leverage and futures contracts
According to the official announcement, Binance will launch PIXEL on the leverage, contract and fixed investment platforms at 23:00 (GMT+8) on February 19, 2024, 23:00 (GMT+8) on February 19, 2024, and 08:00 (GMT+8) on February 21, 2024.
In addition, Binance’s financial management and flash exchange trading platforms have launched new assets, Pixels (PIXEL).
Coinbase is looking to launch perpetual futures contracts and other derivatives products in Canada
According to CoinDesk, Lucas Matheson, director of cryptocurrency trading platform Coinbase Canada, said, "Coinbase is applying for its "Restricted Dealer Registration" in Canada, a new type of guideline that requires trading platforms to register with Canadian officials. Canada's regulatory principles allow companies to launch new products and services. Coinbase intends to launch perpetual futures contracts and other derivative products in Canada and is in open dialogue with regulators such as the Ontario Securities Commission (OSC) to update the country's policies to achieve this goal. "
Binance Finance will support the STRK distribution plan for Binance ETH staking users
According to the official announcement, Binance Financial Platform will support the Starknet (STRK) distribution plan for Binance ETH staking users.
Binance ETH stakers will receive STRK tokens in their spot wallets based on the total amount of BETH in their eligible wallets as of the snapshot on September 16, 2022, 07:59 (UTC).
Eligible users will receive STRK token distribution within 30 days of the official distribution date determined by the Starknet Foundation (i.e. 20:00 on February 20, 2024, 8:00 EST).
Viewpoint Data
CME "Fed Watch": The probability of the Fed keeping interest rates unchanged in March is 91.5%
According to CME's "Fed Watch" data, the probability that the Federal Reserve will keep interest rates unchanged in the range of 5.25%-5.50% in March is 91.5%, and the probability of a 25 basis point rate cut is 8.5%.
Data: Blast TVL exceeds $1.9 billion
According to DeBank data, the total value of assets held by the Blast contract address, a Layer 2 network launched by Blur founder Pacman, exceeded $1.9 billion, temporarily reported at $1,905,684,637. Among them, about $1.74 billion worth of ETH was deposited in the Lido protocol, and more than 161 million DAI was deposited in the Maker protocol.
Ethereum open interest exceeds $10.5 billion
According to Coinglass data, the total open interest of Ethereum futures contracts has risen to 3.5693 million ETH (about 10.584 billion US dollars), an increase of 3.75% in the past 24 hours. Among them:
Binance Ethereum contract open interest is 1.1752 million ETH (about US$3.483 billion), ranking first; the position has increased by 2.95% in the past 24 hours.
Bybit Ethereum contract open interest is 656,000 ETH (about US$1.944 billion), ranking second; the position has increased by 1.6% in the past 24 hours.
CoinShares: Last week, digital asset investment products saw an inflow of $2.45 billion, a record high
According to CoinShares’ weekly report, digital asset investment products saw record inflows last week, totaling $2.45 billion, bringing year-to-date inflows to $5.2 billion.
Regionally, the United States dominated, accounting for 99% of inflows, totaling $2.4 billion.
Bitcoin accounted for more than 99% of the inflows, with some investors taking the opportunity to increase their short positions in Bitcoin, which saw an inflow of $5.8 million. Ethereum saw an inflow of $21 million. Solana's recent outage affected market sentiment, resulting in an outflow of $1.6 million. Avalanche, Chainlink, and Polygon saw inflows of $1 million, $0.9 million, and $0.9 million, respectively, with consistent inflows every week this year.
Bitcoin open interest nears all-time high
According to Coinglass data, the current open interest in Bitcoin futures is $24.211 billion, a 24-hour increase of 1.83%. This figure is close to the historical high of $24.268 billion in mid-April 2021.
Data: Linea TVL exceeds US$230 million, with a weekly increase of 29.03%
According to L2BEAT data, the TVL of ConsenSys' Layer2 network Linea reached US$231 million, with a weekly increase of 29.03%.
Data: 189 million RON has been staked, accounting for 18.9% of the total supply
According to the relevant page information, there are currently 189,819,803 RON in pledge, accounting for 18.9% of the total supply of RON.
Coinbase’s average transaction size has grown faster than Binance’s over the past year
According to a report by Kaiko Research, thanks to the listing of the spot Bitcoin ETF, Coinbase's average transaction size has grown faster than Binance in the past year. In the second half of February, BTC's average daily trading volume exceeded US$10 billion, and the average Bitcoin transaction size of 33 exchanges (which can be regarded as a proxy for institutional participation) reached its highest level in a year on February 13.
Financing Express
Silencio Network, a decentralized data coverage solution provider, completes $1 million in financing, led by Borderless Capital
According to Finsmes, Silencio Network, a decentralized data coverage solution provider, has completed a US$1 million financing round led by Borderless Capital, with participation from Moonrock Capital, Master Ventures and others.
It is reported that Silencio Network is a company that provides decentralized data coverage solutions. It uses blockchain technology to create a noise level database and collects data every week in an area with a total area twice the size of Miami.
Bonfire Union to launch second fund, total raised for both funds reaches $100 million
Decentralized social network protocol Mask Network (Mask) announced that it will launch the second fund of its venture capital arm Bonfire Union, bringing the total fundraising of the two funds to US$100 million since its establishment in 2022.
Bonfire Union's goal is to strategically invest in decentralized social networks and infrastructure. To date, more than 120 projects have joined the Mask Network ecosystem under Bonfire Union, including some of the fastest-growing Web3 projects such as RSS3, Lens, and Scroll.
Mask Network founder Suji Yan said: "Mask Network has been actively contributing and supporting the decentralized social network community through a series of grants and donations. With the new fund, more initiatives can receive our support."
Web3 social protocol beoble completes $5 million seed round of financing, with Hashkey, DCG and others participating
According to official news, Web3 social protocol beoble has completed a $5 million seed round of financing, with Hashkey, Samsung Next, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital and Blockchain Founders Fund participating. The funds raised in this round will be used to launch beoble V2 next month to improve Web3 social media interactions and provide advanced features such as multi-chain integration, in-app social transactions and OTC functions.
BlockBeats previously reported that on November 16 last year, the Web3 social protocol beoble completed a US$2 million Pre-Seed round of financing, with participation from DCG, Samsung Next, HashKey Capital, GBV Capital, Token Bay Capital, Momentum 6 and others. The funds raised will be used to enhance the Web3 social user experience and improve platform functions.
Regulatory News
Tiger Brokers CFO: Will evaluate listing of altcoins in licensed markets after regulatory approval
According to Cointelegraph, John Fei Zeng, CFO of Tiger Brokers, said that Tiger Brokers (Hong Kong) has upgraded its virtual asset trading license for professional investor clients through a virtual asset platform licensed by the Hong Kong Securities and Futures Commission (SFC), and will accept retail clients after SFC approval. The company is currently evaluating other digital assets, such as altcoins, for listing, subject to regulatory approval, while also executing an international expansion strategy to enter licensed markets such as Australia, the United States, Singapore, the United Kingdom and New Zealand.
In addition, John Fei Zeng stated, “In addition to stocks and options, cryptocurrencies are becoming an important asset class. Therefore, as a broker and trader, adding a new asset class is a natural extension of the business, and the underlying Web3 technology is also combined with Tiger’s fintech background.”
Bloomberg: UK ministers expect to introduce laws on stablecoins and staking within six months
According to Bloomberg, British officials plan to obtain approval from lawmakers for new regulations on stablecoins and crypto asset staking services within the next six months.
Bim Afolami, economic secretary to the U.K. Treasury, said at an industry event hosted by Coinbase in London on Monday that officials are working “very hard” to push legislation forward.
“We’ve been very clear that we want to get these things done as quickly as possible,” Afolami said. “I think it’s doable in the next six months.”
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