2.29 Important Industry Trends

-Major exchange news:

- Coinbase stated on its social platform that all services on the website have been restored, but a very small number of user account balances may be inaccurate, and the technical team is working to resolve the issue.

- Token listing status on mainstream exchanges (CEX:

Bybit: Portal (PORTAL), Beoble (BBL)

KuCoin: Ice (ICE), Portal (PORTAL), QORPO World (QORPO)

Bitget:QnA3.AI ($GPT)

- Mainstream projects & hot event updates:

- Morgan Stanley is conducting due diligence on whether to add a Bitcoin spot ETF product to its brokerage platform, CoinDesk reported, citing two people familiar with the matter.

- Crypto mining company Marathon Digital announced the launch of Anduro, a Bitcoin sidechain development platform designed to help users create Bitcoin sidechains.

- Gemini Trust posted on social platforms that it has reached a principled settlement with Genesis and other creditors in the Genesis bankruptcy case. If approved by the bankruptcy court, all Gemini Earn users will receive 100% of their digital assets returned in kind.

- Bitcoin is back above $60,000 for the first time in 829 days.

- VeChain announces the launch of VeBetterDAO. VeBetterDAO aims to accelerate the pace of VeChain adoption through a user-friendly dApp designed to directly complement the existing token structure by increasing transaction demand and usage.

- Bitcoin staking chain BounceBit said on social platforms that it will launch a testnet on March 8.

- DWF Labs announced the launch of Liquid Markets, an OTC trading platform that provides compliant over-the-counter trading for blue-chip tokens and altcoins.

- Pixels pets in chain games are now available for casting. It is open to players who have completed the "Key to Success" task in the game before. The casting fee is 500 PIXEL.

- Financing information updates:

- Bitcoin staking chain BounceBit completed a $6 million seed round of financing. This round of financing was jointly led by Blockchain Capital and Breyer Capital.

- Liquidity re-hypothecation protocol ether.fi announced the completion of $27 million in financing, led by Bullish and CoinFund.

- Backpack completed a $17 million strategic Series A round led by Placeholder at a $120 million valuation.

- Regulatory information updates:

- SBF is proposing a sentencing range of 63 to 78 months for FTX’s fraud conviction, according to a sentencing memorandum from FTX founder SBF.