GuShiio.com Inflation concerns persist, and FTX-related SOL hedging transactions are putting pressure on BTC and ETH.
Author: Shenchao TechFlow
yesterdaymarket dynamics
Vitalik: Currently, only Bitcoin and Ethereum do not need a foundation, pursuing TPS And giving up decentralization is wrong
Ethereum co-founder Vitalik Buterin responded to the issue of whether today’s Ethereum should be closer to the existence of Bitcoin or the existence of world computers, saying that the simple test to determine whether the blockchain is truly decentralized is: If the foundation disappears, whether the blockchain can continue to operate. Currently, only Bitcoin and Ethereum can give a clear and positive answer.
Vitalik pointed out that Ethereum has been highly decentralized, most development work is carried out outside the foundation, and the client team has an independent business model. He emphasized that giving up decentralization and resilience in pursuit of TPS was a major mistake. At the same time, he explained that the true meaning of a world computer is to achieve interoperability between applications, rather than supporting all global applications. This feature and digital currency attributes can coexist and both require decentralization as a basis.
Binance HODLer airdrop will launch KAITO
According to an official announcement, Binance HODLer Airdrop is now launched in the 9th phase of the project KAITO. Binance will launch the AI search engine project KAITO (KAITO) token at 21:00 (UTC+8) on February 20, and simultaneously open six trading pairs: BTC, USDT, USDC, BNB, FDUSD and TRY. KAITO will be added with a seed mark.
In terms of token economics, the maximum supply and total supply of KAITO are both 1 billion pieces. When it was launched, the circulation volume was 241,388,889 pieces, accounting for 24.14% of the total supply. Binance will airdrop 20 million KAITOs (2% of total supply) to eligible users. Eligibility is for users who deposit BNB into Simple Earn products from 00:00 on February 6 to 23:59 on February 10 (UTC).
Details of the airdrop are expected to be announced within 12 hours, and tokens will be distributed to users ‘spot wallets one hour before the transaction starts. The upper limit of the BNB pledge ratio that a single user can receive an airdrop is 4%. Binance said it will provide the KAITO project research report within 24 hours of the announcement.
Source: Tencent led the latest round of financing for market maker Wintermute
According to Bloomberg, cryptocurrency market maker Wintermute plans to expand its U.S. operations, including opening an office in New York and launching new products. In addition, according to sources, Tencent led the latest round of financing for market maker Wintermute.
As one of the largest liquidity providers in the digital asset market, Wintermute currently has offices in London and Singapore. Evgeny Gaevoy, CEO of the company, told Bloomberg in an interview during the Hong Kong Consensus Conference that the company is planning to grow and increase its focus on the U.S. market.
aPriori launches MEV-driven mobility on the Monad Test Networkpledgeplatform
According to official sources, aPriori, a mobile pledge platform driven by MEV and built on Monad, has officially launched the testnet at 15:00 UTC (23:00 Beijing time), and launched simultaneously with the Monad public testnet Day1.
With the launch of TestNet, users can now pledge TestNet tokens $MON on aPriori and obtain mobile pledged tokens $aprMON. As one of the few teams that independently operate Monad Test Network faucets, aPriori provides one-click collection and pledge functions to simplify the process for users to get started.
aPriori was founded by former Jump Crypto and Coinbase executives, led by Pantera Capital, and participated by YZi Labs (formerly Binance Labs), Consensus, OKX Ventures and other institutions, raising US$10 million, making it the largest financing project of the Monad Ecosystem to date.
Monad announced the official launch of testnet
According to an official announcement, Monad, the Ethereum-compatible Layer 1 public chain, announced that the test network has been officially launched.
QCP: Inflation concerns persist, FTX-related SOL hedging transactions are putting pressure on BTC and ETH
The latest analysis from QCP Capital pointed out that as tariff tensions escalate, inflation concerns remain the primary concern of the market. It has been determined to impose a 10% tariff on some China goods, while the proposed 25% tariff on Canada and Mexico is still under negotiation. The steel and aluminum tariff plan will be increased from 10% to 25% on March 12. However, the market has basically absorbed these risks. Despite continued uncertainty, stocks are climbing and the VIX term structure remains flat. The current pain point trading is when the market fluctuates sideways, volatility sellers remain dominant, and it is difficult to generate returns from taking long volatility positions.
The crypto market continues to be under pressure, with Solana attracting much attention ahead of the release of 30 million tokens on March 1. FTX-related SOL hedging transactions are putting pressure on BTC and ETH, causing overall market weakness. At the same time, Argentina’s latest memin craze, LIBRA, soared to US$4 billion after the president’s endorsement, and then plunged 89%, causing thousands of investors to suffer heavy losses.
In addition, MicroStrategy (NASDAQ: MSTR) did not buy Bitcoin last week, which was the second consecutive time that the company’s position remained unchanged at 478,740 BTC. However, the company plans to strengthen its Bitcoin holdings through private placement of $2 billion in convertible senior notes. Despite these unfavorable factors, Bitcoin remained resilient around US$95,000 after falling towards US$93,000. However, due to the lack of catalyst in the short term, it remains difficult to break through resistance.
Analysis: Bitcoin will maintain a bull market even if it retracts back to US$77,000, or return to a high level in the fourth quarter after a summer sideways consolidation
CryptoQuant CEO Ki Young Ju expressed his opinion that although Bitcoin prices have recently fluctuated sideways and failed to exceed US$100,000, they are still in a bull cycle. He expects the bull market to continue even if there is a 30% correction from a historical high (such as a drop from $110,000 to $77,000).
CryptoQuant analyst Timo Oinonen predicts that Bitcoin will see a correction in May this year, then enter the summer sideways consolidation period, and return to high levels in the fourth quarter. This seasonal pattern has been verified in 2013, 2016, 2017, 2020, 2021, 2023 and 2024.
DeepSeek denies rumour of considering external financing for the first time
There were reports yesterday that DeepSeek was considering external financing for the first time, and Alibaba, state-owned funds and others were interested in participating. According to the “Science and Technology Innovation Board Daily” report, DeepSeek, which is responding to market rumors, is considering initial financing. People familiar with the matter learned that the information is false and the financing is all rumors.
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