GuShiio.com Fed Bostick said it still expects the Fed to cut interest rates twice this year.
Author: Shenchao TechFlow
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Ethereum Foundation hires social media manager in response to community criticism of the foundation’s disengagement from user groups
Josh Stark, a longtime member of the Ethereum Foundation, announced on social platform X that the foundation is hiring a social media manager. The move was in response to community criticism that the foundation was disconnected from its user base.
The new social media manager will be responsible for managing the foundation’s accounts on X, Facebook, LinkedIn, and on crypto-native platforms Farcaster and Lens, as well as operating the @ethereum brand account.
Federal Reserve Bostick: Still expected to cut interest rates twice this year
According to Financial News Agency, Federal Reserve Bostick said that it still expects the Federal Reserve to cut interest rates twice this year. Many things may happen in the future, which will lead to an increase or decrease in interest rate cuts. The current benchmark interest rate is in a moderately tight state, compared with the neutral interest rate of 3%-3.5%. The economic slowdown is a major concern due to upcoming policy changes, but companies expect 2025 to be a solid year, and so far, the economy has still shown resilience.
Canary’s LTC ETF Listed on the DTCC website, code is LTCC
According to a message forwarded by Litecoin’s official X account, Canary’s LTC ETF has joined the American Deposit Insurance Corporation (DTCC) website with the code LTCC.
According to previous news, Bloomberg ETF analysts said that DTCC will not list a large number of stocks or ETF products at will, and almost all of the items listed on its qualified documents are in a trading or pending status.
People familiar with the matter: Deribit takeover negotiations are still ongoing, Kraken and Coinbase both intend to buy
According to people familiar with the matter, acquisition negotiations between cryptocurrency options exchange Deribit and Kraken are still continuing, and previous rumors about Kraken withdrawing from the acquisition are not true. According to Bloomberg, Deribit could be valued at $4 billion to $5 billion or more.
Another person familiar with the matter said U.S. listed exchange Coinbase is also evaluating the possibility of acquiring Deribit. It is worth noting that despite reports that Deribit is working with FT Partners to evaluate the takeover offer, Deribit CEO Luuk Strijers denied being acquired. Currently, Kraken and Deribit have not made any official comments on the acquisition rumors.
Stacks: Bitcoin L2 ‘s honeymoon period is over, and more than two-thirds of projects are expected to disappear
Stacks co-founder Muneeb Ali said at the Consensus 2025 conference that the honeymoon period of the Bitcoin Layer2 project is over and more than two-thirds of the projects are expected to disappear in the next three years. Ali emphasized that not all projects have a sufficient sense of mission and determination to continue to build, and most projects have realized that the market competition is extremely fierce.
When talking about the Bitcoin ecosystem, Ali pointed out that the trading volume and market value of the entire track are currently suppressed, and investors tend to choose blue-chip projects that are expected to survive for at least five years when pursuing low risks. Ali also predicts that as the influence of public chains such as Ethereum and Solana declines, the market will tilt towards Bitcoin.
He emphasized that Bitcoin receives external capital inflows from the industry through channels such as spot ETFs, while other projects compete in the same pool of funds. Based on data from the past decade and a halving cycle model, he believes that Bitcoin prices will not fall below $50,000, and that large hedge funds will follow this trend.
Bybit CEO：PIThe project is a scam, Bybit will not list any suspected fraud projects
Bybit CEO Ben Zhou tweeted that in 2023, China police issued an official warning about PI, warning the public that this was a scam against the elderly that would leak personal data and lead to the loss of pensions. There were also several other reports questioning the legitimacy of the project. Bybit did not make any listing request to PI, and it is completely nonsense to claim that PI refused Bybit to list or Bybit did not pass some kind of PI KYB. If the PI project was real and legal, it should proactively respond to these doubts, but chose to fabricate lies and carry out baseless childish attacks; individuals still believe that the PI is a scam, and Bybit will not list any suspected fraud projects.
Chain Tour Illuvium reorganizes due to operational difficulties
According to Decrypt, NFT game project Illuvium has been restructured and laid off workers due to poor operations. Some core contributors have chosen to reduce wages or receive wages in the form of tokens. The layoffs came last year when Illuvium released three interrelated games: Overworld, Arena and Zero, covering different game genres. Despite Illuvium’s grand vision, the community’s response has not been very positive after years of development.
In December, co-founder Kieran Warwick admitted that concerns about gameplay in the series were legitimate and that things had to change. Among them are Illuvium ‘s significant cost reductions through adjustments such as setting a salary cap at $85,000. But this week, Warwick said deeper cuts must be made.
Figure getsUS Securities and Exchange CommissionApproved the issuance of the first interest-bearing stable coin
PANNews reported on February 20 that Fortune reported that Figure was approved by the U.S. Securities and Exchange Commission to issue its first interest-bearing stablecoin, but a spokesperson for the agency did not immediately respond to a request for comment. It is understood that the stablecoin is called YLDS and is developed by digital asset company Figure Markets. It will be pegged to the US dollar and provide users with a yield of 0.5%, similar to cash in a savings account.
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