GuShiio.com’s daily selection of crypto news-Binanshang significantly reduces its own crypto assets in the next month, or accrues for profit at the beginning of the year

1. Last month, Yuan an significantly reduced its holdings of its own encrypted assets, or set aside profits at the beginning of the year.
Yuanan Reserve Certificate data show that from January to February 2025, the position of Yuanan BTC decreased from 46896 to 2747, a decrease of 94.1%. The position of ETH decreased from 216313 to 175, a decrease of 99.9%. It should be noted that these assets are mainly deducted from the rest of the user’s funds and may be mainly owned by the platform itself. At present, most currencies have been allocated as stable currencies. USDC,USDC positions increased from 805 million to 1.269 billion, an increase of 57.5 per cent. If you look at the market in January, most currencies are at all-time highs. Shenyu believes that this change should belong to the profit provision at the beginning of the year, and a similar situation occurred in June 2023 (payment of fines) and February 2024.
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two。 An independent miner successfully dug up bitcoin block 883 BTC 181 and won a 3.125 Bitcoin reward.
An independent Bitcoin miner successfully dug up Bitcoin block 883 BTC 181 without the resources of a large mining company, and received a 3.125 BTC reward, plus 0.033 BTC transaction fees, totaling 3.158 BTC. Based on 98300 US dollars / BTC at the time, the miner received a total reward of about US $310000. Although the miner’s specific equipment is unknown, there is speculation that he may have used a $200 amateur mining machine.
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3. Yuan an and SEC submitted a joint motion to suspend the lawsuit for 60 days.
FOX reporter Eleanor Terrett tweeted that Binance and SEC have just submitted a joint motion to suspend the agency’s case against the trading platform for 60 days on the grounds that SEC’s new cryptocurrency working group may have an impact on the case. The work of the working group may affect and facilitate the potential resolution of the case. After the 60-day period, the two sides plan to issue a joint status report to determine whether it is necessary to continue to suspend the negotiations. Eleanor Terrett expects to see other non-fraud cases (i.e. Ripple, Coinbase and Kraken) follow suit in this way.
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4. Bloomberg: Wall Street banks are betting on the IPO craze in the encryption industry and are expanding their business
A number of top Wall Street banks are optimistic about the development prospects of the encryption industry during Trump’s potential term and are actively adjusting their strategic layout of the cryptocurrency business. Morgan Stanley is courting potential IPO clients, BofA executives are talking about pushing ahead with digital assets deals, and Royal Bank of Canada plans to expand its reach after completing its first encryption business. Currently, several encryption companies, such as Gemini, Bullish, Circle and Kraken, are considering implementing IPO in 2025. Jefferies and JPMorgan Chase are advising on a potential listing of Bullish, Moelis & Co. And Cantor Fitzgerald are also active in this field. Analysts believe that Trump’s support for the encryption industry may trigger a new round of IPO, stock sales and convertible bond issuance.
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5. Jiangsu Nantong Court ruled that the virtual currency loan contract was invalid
The people’s Court of Tongzhou District in Nantong City, Jiangsu Province recently tried a private loan dispute involving USDT and finally rejected the plaintiff’s claim. In the case, Han invested Teda currency and entrusted it to Ji’s account, after which the two sides turned the transaction relationship into a loan contract (15000 yuan IOU), but Ji did not repay the loan. The court held that the Teda coin was not legal tender, not legally compensable, could not be used for market circulation, the relevant lending behavior was invalid, and the losses were borne by the parties themselves.
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