🚀 Trump Administration May Opt For Cryptocurrency Summits Over Formal Committee
#TrumpAdministration #Cryptocurrency #Summits #PolicyIssues #Banking #Payments #DataCenters #BitcoinMining #IndustryCollaboration
According to Odaily, the Trump administration is considering abandoning plans to establish a formal 'Cryptocurrency Committee.' Instead, it may organize a series of summits with leaders from the cryptocurrency sector to discuss specific policy issues. The number and timing of these summits have not been determined yet. Initially, the discussions are expected to focus on topics such as banking, payments, data centers, and Bitcoin mining. The aim is to prevent conflicts among different factions within the industry.#TrumpAdministration #Cryptocurrency #Summits #PolicyIssues #Banking #Payments #DataCenters #BitcoinMining #IndustryCollaboration
🚀 Alexander Vinnik Exchanged And Returned To Russia
#AlexanderVinnik #BTCe #cryptocurrency #prisonerexchange #Russia #USA #moneylaundering #VnukovoAirport #extradition
According to PANews, Alexander Vinnik, the former operator of the now-defunct cryptocurrency exchange BTC-e, has been returned to Russia as part of a prisoner exchange with the United States. The Russian state news agency TASS reported that Vinnik arrived in Moscow on February 13, landing at Vnukovo International Airport after flying from Istanbul, Turkey. His release was part of an exchange for U.S. teacher Marc Fogel, who was sent back to the United States on February 11.
Vinnik, a Russian national, was arrested in Greece in 2017 and extradited to the United States in August 2022. In May 2024, he admitted to conspiring to launder money while operating BTC-e from 2011 to 2017.#AlexanderVinnik #BTCe #cryptocurrency #prisonerexchange #Russia #USA #moneylaundering #VnukovoAirport #extradition
🚀 Barclays Bank Reveals $131 Million IBIT Holdings
#BarclaysBank #IBIT #UKBanking #Investments #FinancialNews
According to Odaily, Barclays Bank, the second-largest bank in the United Kingdom, has disclosed in its documents that it holds IBIT valued at $131 million.#BarclaysBank #IBIT #UKBanking #Investments #FinancialNews
🚀 Ethereum Holesky Testnet Upgrade Scheduled For February 24
#Ethereum #Holesky #testnet #upgrade #Sepolia #mainnet #BlockBeats #February24 #March5 #April8
According to BlockBeats, Ethereum's Holesky testnet is set to undergo an upgrade on February 24. Additionally, the Sepolia testnet is scheduled for an upgrade on March 5. The mainnet launch is anticipated to occur on April 8.#Ethereum #Holesky #testnet #upgrade #Sepolia #mainnet #BlockBeats #February24 #March5 #April8
🚀 Solana Surpasses 200 USDT With Notable 24-Hour Increase
#Solana #SOL #USDT #cryptocurrency #priceincrease #Odaily
According to Odaily, the cryptocurrency Solana (SOL) has surpassed the 200 USDT mark, currently trading at 200.02 USDT. This marks a 24-hour increase of 3.54%.#Solana #SOL #USDT #cryptocurrency #priceincrease #Odaily
🚀 Qvod Founder Wang Xin Clarifies Stance On Cryptocurrency
#WangXin #Qvod #Cryptocurrency #Web3 #FAIR3 #TechnologicalFairness #SOL #Blockchain #CommunityContribution #AIInitiatives
According to Foresight News, Qvod founder Wang Xin reiterated on Twitter that Qvod does not belong to him personally, and he will not issue any cryptocurrency or benefit from such actions. He emphasized that any tokens issued under his or Qvod's name are unrelated to him and should not be trusted. Wang Xin expressed his interest in the vision of FAIR³ on GitHub, which aligns with his advocacy for technological fairness.
Today, Wang Xin stated that he has always participated in Web3 with a learning attitude and supports tokens like FAIR³ that promote technological fairness. As mentioned in a previous AMA, although he will not issue personal tokens, he is committed to contributing to technological fairness. He has purchased 200 SOL, with half of the tokens allocated to a fund supporting technological fairness and AI-related initiatives. Wang Xin also plans to consider how to genuinely contribute to the community and invites collective brainstorming to advance these efforts.#WangXin #Qvod #Cryptocurrency #Web3 #FAIR3 #TechnologicalFairness #SOL #Blockchain #CommunityContribution #AIInitiatives
🚀 Short-Term Bitcoin Holders Accumulate Over 4 Million BTC
#Bitcoin #BTC #ShortTermHolders #Cryptocurrency #MarketTrends #PriceSurge #Investing #LongTermHolders #ProfitTaking #BullMarket
According to CoinDesk, short-term bitcoin (BTC) holders have significantly increased their holdings, adding 1.5 million BTC since September. This brings the total to over 4 million BTC, with an average monthly accumulation of approximately 300,000 BTC. During this period, bitcoin's price experienced a notable surge from $60,000 to $109,000 before retreating below $100,000. Glassnode defines short-term holders as those who have held bitcoin for less than 155 days.
Historically, bitcoin's price tends to reach its peak when short-term holders exhaust their buying momentum, leading to a slowdown in price appreciation. This pattern has been observed in previous bull market cycles, notably in 2013, 2017, and 2021. During these cycles, short-term holders held significantly more bitcoin at the peaks: 5 million BTC in 2013, 6.2 million BTC in 2017, and 4.6 million BTC in 2021. In comparison, the current holdings of 4 million BTC are relatively low, suggesting that new market entrants may continue to accumulate, indicating potential for further growth in the cycle.
Meanwhile, long-term holders, defined as investors who have held bitcoin for more than 155 days, have distributed 1.2 million BTC during the same period. This distribution reflects significant profit-taking following bitcoin's strong rally since November. The ongoing offloading by long-term holders has been a major factor contributing to bitcoin's stalled price action since mid-November.#Bitcoin #BTC #ShortTermHolders #Cryptocurrency #MarketTrends #PriceSurge #Investing #LongTermHolders #ProfitTaking #BullMarket
🚀 Solana's Inbound Bridge Volume Surges Over $10 Billion
#Solana #InboundBridgeVolume #Cryptocurrency #Blockchain #USDcoin #Ether #Wormhole #deBridge #BridgeActivity #DefiLlama #SOL #USDC #ETH
According to Cointelegraph, Solana's inbound bridge volume has reached an impressive milestone, surpassing $10.1 billion since 2021. This marks a significant 114% increase from its total volume of $4.7 billion as of February 2024. The data, presented by analyst h4wk on a Flipside dashboard, highlights the growing activity within Solana's crypto bridges.
USD Coin (USDC) emerges as the most-bridged asset within the Solana ecosystem, boasting an all-time inbound volume of $3.9 billion and an outbound volume of $4.7 billion. Ether (ETH) follows closely with approximately $2 billion in both inbound and outbound volumes. Solana's native asset, SOL, ranks third with $1.5 billion inbound and $1 billion outbound volume. The Wormhole bridge remains the most-utilized platform for bridging on Solana, with an all-time volume of $7.3 billion, although it has experienced a slight decline over time. This has allowed its competitor, deBridge, to gain ground, surpassing Wormhole by 12% in weekly volumes in February.
Data from DefiLlama indicates that Solana's bridges experienced relatively lower volumes during the first ten months of 2024. However, a surge occurred from November 2024 to January 2025, with volumes exceeding $6 billion. In November alone, Solana bridges recorded a monthly volume of $1.1 billion, followed by $2.5 billion in December and $3.2 billion in January. Despite these impressive figures, Solana's bridge volumes remain modest compared to the Ethereum network, which recorded a staggering $38 billion in bridge volumes during the same period. Ethereum's bridge volume remained robust throughout 2024, with its lowest monthly performance in April, reaching $5.1 billion.
The data underscores Solana's growing prominence in the blockchain space, although it still trails behind Ethereum in terms of bridge volume. As the blockchain ecosystem continues to evolve, Solana's increasing bridge activity reflects its expanding role in the broader cryptocurrency landscape.#Solana #InboundBridgeVolume #Cryptocurrency #Blockchain #USDcoin #Ether #Wormhole #deBridge #BridgeActivity #DefiLlama #SOL #USDC #ETH
🚀 Estonian Nationals Plead Guilty In $577 Million Hashflare Cryptocurrency Fraud
#EstonianNationals #Hashflare #CryptocurrencyFraud #USDepartmentOfJustice #AssetForfeiture #VictimCompensation #FraudScheme
According to Foresight News, the U.S. Department of Justice announced that two Estonian nationals have pleaded guilty to their involvement in a $577 million cryptocurrency fraud scheme related to Hashflare. The defendants have agreed to forfeit assets valued at over $400 million, which will be used to compensate the victims. Between 2015 and 2019, Hashflare reported sales totaling over $577 million. However, the company lacked the mining capabilities it claimed and falsified data to mislead investors.#EstonianNationals #Hashflare #CryptocurrencyFraud #USDepartmentOfJustice #AssetForfeiture #VictimCompensation #FraudScheme
🚀 Ethereum(ETH) Drops Below 2,700 USDT with a Narrowed 0.82% Increase in 24 Hours
#Ethereum #ETH #USDT #Binance #cryptocurrency #marketdata
On Feb 14, 2025, 11:07 AM(UTC). According to Binance Market Data, Ethereum has dropped below 2,700 USDT and is now trading at 2,698.939941 USDT, with a narrowed narrowed 0.82% increase in 24 hours.#Ethereum #ETH #USDT #Binance #cryptocurrency #marketdata
🚀 Hong Kong Securities Regulator Holds First Virtual Asset Advisory Group Meeting
#create #virtualasset #HongKong #SFC #regulation #advisorygroup #investorprotection #tradingplatforms #ecosystem
According to BlockBeats, on February 14, the Hong Kong Securities and Futures Commission (SFC) convened its inaugural meeting of the Virtual Asset Advisory Group. The group is chaired by Dr. Yeh Chi-heng, Executive Director of the SFC's Intermediaries Division, and includes representatives from all licensed virtual asset trading platforms, represented by their senior management. The advisory group aims to provide valuable input to the SFC in formulating regulatory policies, thereby promoting the development of a sustainable and resilient virtual asset ecosystem. Through collaboration with its members, the group will identify policy priorities to pave the way for market and regulatory developments based on investor protection.#create #virtualasset #HongKong #SFC #regulation #advisorygroup #investorprotection #tradingplatforms #ecosystem
🚀 FBI's Operation Saves Potential Victims From Crypto Fraud
#FBI #Operation #CryptoFraud #FinancialCrimes #Cryptocurrency #InvestmentFraud #VictimPrevention
According to Foresight News, the FBI has successfully intervened in a cryptocurrency investment fraud scheme, preventing over 4,300 potential victims from losing approximately $285 million. This operation highlights the agency's ongoing efforts to combat financial crimes in the digital currency sector.#FBI #Operation #CryptoFraud #FinancialCrimes #Cryptocurrency #InvestmentFraud #VictimPrevention
🚀 GameStop Shares Rise Amid Bitcoin Investment Consideration
#GameStop #Bitcoin #Cryptocurrency #Stocks #Investment #PreMarketTrading
According to Odaily, GameStop's stock increased by 6.7% in pre-market trading following reports that the company is contemplating investments in Bitcoin and other cryptocurrencies.#GameStop #Bitcoin #Cryptocurrency #Stocks #Investment #PreMarketTrading
🚀 U.S. Treasury Secretary Addresses Trade Barriers And Currency Manipulation
#USTreasury #TradeBarriers #CurrencyManipulation #StrongDollar #Tariffs #DonaldTrump #FrictionlessTrade #TradePartners
According to Odaily, the U.S. Treasury Secretary has stated that the government continues to monitor non-tariff barriers and currency manipulation. The strong dollar policy does not imply that other countries can adopt weak currency strategies. The U.S. will observe how trade partners respond to these issues. If deemed necessary, U.S. President Donald Trump is prepared to implement tariff policies. Trump aims for frictionless trade, but if other nations do not reduce their tariffs, the United States may significantly increase its own tariffs.#USTreasury #TradeBarriers #CurrencyManipulation #StrongDollar #Tariffs #DonaldTrump #FrictionlessTrade #TradePartners
🚀 Hong Kong Introduces New Regulatory Framework For Cryptocurrency Exchanges
#HongKong #Cryptocurrency #RegulatoryFramework #Exchanges #OTC #AML #KYC #SpotTrading #VirtualAssets #FiatCurrencies #Compliance #Licensing #CustomsCommissioner #FinancialRegulation
According to Odaily, Hong Kong is implementing a new regulatory framework for cryptocurrency exchanges, with only nine licensed exchanges currently operating, primarily serving professional investors. Hong Kong Legislative Council member Ng Kit Chuang announced that the region will introduce a licensing system for over-the-counter (OTC) cryptocurrency trading this year. The new system will require OTC platforms to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations under the Anti-Money Laundering Ordinance.
Licensed entities will be permitted to conduct spot trading between virtual assets and fiat currencies. They must also register and monitor business wallets and transaction records. The Customs Commissioner will act as the regulator, responsible for license approval, routine inspections, investigating violations, and imposing penalties. Violators could face fines of up to HKD 1 million or two years of imprisonment.
Regarding KYC certification, the government suggests verifying customer identities, assessing and recording the purpose and nature of customer transactions, and continuously monitoring trading activities.#HongKong #Cryptocurrency #RegulatoryFramework #Exchanges #OTC #AML #KYC #SpotTrading #VirtualAssets #FiatCurrencies #Compliance #Licensing #CustomsCommissioner #FinancialRegulation
🚀 🔥 Binance Enhances Token Transparency with Upgraded Market Cap Methodology 🔥
#Binance #TokenTransparency #MarketCapMethodology #UnlockedMarketCap #CryptoTrading #TokenUnlockSchedules #SupplyDynamics #Investing #CryptoInsights #TradingDecisions
Key Takeaways:Binance updates token data methodology to include token unlock schedules, offering more transparent market capitalization metrics.Introduction of Unlocked Market Cap, differentiating tradable circulating supply from future unlocked tokens.Users can now track token unlock schedules directly on Binance’s platform for better-informed trading decisions.Why the Change?Traditional market cap calculations do not account for future token unlocks, potentially misleading investors about supply dynamics and price behaviour. Binance’s new methodology bridges this gap by introducing:Market Cap (Old Methodology)Value of only the currently circulating tokens.Formula: Circulating Supply × Current Price.Unlocked Market Cap (New Methodology)Value of all unlocked tokens, including those not yet publicly traded.More accurate for assessing future supply impact on prices.Circulating Supply vs. Unlocked Circulating SupplyCirculating Supply: Tokens are publicly available and tradable.Unlocked Circulating Supply: Tokens unlocked but not yet on the market.How This Benefits Binance UsersClearer Valuation: Investors get a realistic understanding of a token’s true market cap.Informed Trading: Users can anticipate future supply changes impacting price and liquidity.Improved Transparency: Binance provides direct access to unlock schedules for listed tokens.Where to Find It?Updated market cap and circulating supply data on Binance’s website and app.Token unlock schedules are displayed directly to help traders track future supply changes.Final Thoughts- Binance’s commitment to transparency ensures users stay ahead in the evolving crypto landscape.- With enhanced market data, traders can make smarter, data-driven decisions.- Stay tuned for more innovations as Binance continues leading the industry in actionable crypto insights. 🚀#Binance #TokenTransparency #MarketCapMethodology #UnlockedMarketCap #CryptoTrading #TokenUnlockSchedules #SupplyDynamics #Investing #CryptoInsights #TradingDecisions
🚀 Avenir Group Holds $599 Million In BlackRock Bitcoin ETF
#AvenirGroup #BlackRock #BitcoinETF #HongKong #Investment #BTC
According to Foresight News, Hong Kong-based family office Avenir Group has reported holding $599 million in BlackRock Bitcoin ETF.#AvenirGroup #BlackRock #BitcoinETF #HongKong #Investment #BTC
🚀 GoPlus Issues Security Alert for Wallet Users
#GoPlus #SecurityAlert #WalletSecurity #Cryptocurrency #Hacker #AssetProtection #GasTransfers #BlockchainSecurity
According to Foresight News, GoPlus has issued a security alert urging users to check their wallets for any gas transfers from hacker addresses. Users are advised to promptly transfer their assets and switch to a secure wallet. GoPlus has identified and blacklisted the addresses associated with the attackers. Notably, the attackers have used a wallet starting with 0x9AE to send gas to multiple addresses, but no token transfers have occurred yet, giving users a chance to secure their assets.
The address used by the attackers to distribute gas is 0x9AEf1CA082c17f9D52Aa98ca861b50c776dECC35. The addresses used for consolidating stolen funds are as follows:
1. 0x49add3e8329f2a2f507238b0a684d03eae205aab
2. 0x7831d05afc72a10bd475eb4777680b4e9204695a
3. 0xb312a2c9ab9700dac49798f457b4c28e28f1c4fc
4. 0xc657b6e6c59af5bcff4de626dab52832e77d2996#GoPlus #SecurityAlert #WalletSecurity #Cryptocurrency #Hacker #AssetProtection #GasTransfers #BlockchainSecurity
🚀 Starknet's zkLend Suffers Major Security Breach
#Starknet #zkLend #SecurityBreach #FlashLoans #CryptoSecurity #AssetLoss #Blockchain #Auditing #SmartContracts #DeFi
According to Odaily, the leading lending platform on the Starknet chain, zkLend, recently experienced a security breach resulting in the loss of nearly ten million dollars in assets. The analysis by SlowMist indicates that the attack exploited a specific mechanism within flash loans, manipulating the value of accumulators in the empty market. This allowed the attacker to exploit a rounding vulnerability during withdrawals to gain more assets than expected.
Experts recommend that project developers design a secure and logical model for flash loans, considering the impact on the calculation of deposit certificate tokens. Implementing a safe rounding mechanism in mathematical operations is advised to prevent precision loss. Additionally, it is crucial to enhance auditing and security testing for core business logic involving deposits and withdrawals to prevent similar incidents in the future.#Starknet #zkLend #SecurityBreach #FlashLoans #CryptoSecurity #AssetLoss #Blockchain #Auditing #SmartContracts #DeFi
🚀 PancakeSwap Announces BNB Chain Surpasses $1 Trillion in Transactions
#PancakeSwap #BNBChain #TransactionVolume #1Trillion #Blockchain
According to Odaily, PancakeSwap announced on the X platform that the transaction volume on the BNB Chain has exceeded $1 trillion.#PancakeSwap #BNBChain #TransactionVolume #1Trillion #Blockchain
🚀 Vitalik Buterin Advocates For Increasing Ethereum L1 Gas Limit
#VitalikButerin #Ethereum #L1GasLimit #Layer1 #Layer2 #EIP4444 #StatelessClients #TechImprovements #CentralizationRisks #BlockchainDevelopment #ETH
According to PANews, Ethereum co-founder Vitalik Buterin has released a new article titled "Why We Need to Increase the L1 Gas Limit Even in an L2-Dominated Ethereum." The article discusses a significant topic in Ethereum's roadmap: the potential increase of the Layer 1 (L1) gas limit. Recently, the L1 gas limit was raised from 30 million to 36 million, marking a 20% increase in capacity. Many support further substantial increases in the near future.
These increases are considered safe due to recent and upcoming technological improvements, such as enhanced efficiency of Ethereum clients, reduced need for storing old history due to EIP-4444, and the future development of stateless clients. However, before proceeding, it is crucial to consider whether increasing the L1 gas limit is the right approach in the long term, especially in a rollup-centric roadmap. The concern is to avoid centralization risks associated with high L1 usage without clear benefits.
Buterin argues that even in a world where most usage and applications are on Layer 2 (L2), significantly expanding L1 remains valuable. It allows for simpler and more secure application development models. The article concludes that a tenfold expansion of L1 gas in an L2-dominated world holds significant value. This implies that short-term L1 expansions achievable in the next 1-2 years are worthwhile, regardless of the long-term scenario.#VitalikButerin #Ethereum #L1GasLimit #Layer1 #Layer2 #EIP4444 #StatelessClients #TechImprovements #CentralizationRisks #BlockchainDevelopment #ETH