GuShiio.com 1. Solana’s new cost allocation mechanism has been implemented for a week, and the annualized inflation rate has increased by 30.5% link
Since the implementation of the new priority cost allocation mechanism on February 12, the annualized inflation rate of Solana has increased by 30.5%, and the number of SOL destroyed per day has decreased from nearly 18000 SOL to 1000 SOL. Carlos Gonzalez Campo, a researcher at Blockworks, said that Solana improvement proposal 96 (SIMD 96) allocated all priority costs of the network to verifiers and was no longer used to destroy tokens, resulting in an annualized inflation rate rising from 3.6 per cent to 4.7 per cent.
2. Founder of Ethena Labs: Ethena handled the maximum one-day redemption without any losses or redemption problems link
On the evening of February 21, Beijing time, detective ZachXBT on the chain monitored a suspicious capital outflow of more than $1.46 billion from Bybit, and then Bybit confirmed that it was stolen. ZachXBT, an analyst on the chain, provided conclusive evidence that the $1.5 billion hacker attack on Bybit was carried out by Lazarus Group, a North Korean-backed hacker organization. Conor Grogan, director of Coinbase, said the North Korean hacker attack on Bybit was the largest hacker theft in history (higher than the theft of the Central Bank of Iraq, worth about $1 billion) and was about 10 times the amount of the DAO hacking attack in 2016 (but the percentage of supply was much higher).
Ethena Labs founder @ leptokurtic_ said Ethena handled the largest one-day redemptions and closed all unrealised exposures at the first time of the news. Although Bybit, the world’s second-largest derivatives exchange, represents more than 20 per cent of risk aversion exposure, USDe has never underestimated deposits. It is hoped that this event will validate some of the design decisions made to reduce the risk of users using OES managed solutions.
Ethena_labs posted a message in support of Bybit, saying that at present, the $2 billion mobile stable currency is supported by USDe and can be redeemed at any time. The relevant information can be viewed on the transparency dashboard. The USDe exchange is operating normally, and the team keeps in touch with Bybit and stands ready to help. Meanwhile, Bybit’s unrealized PNL exposure has fallen to zero.
3. SEC is concluding its investigation into OpenSea, link
OpenSea CEO said SEC was closing its investigation into OpenSea. This is a victory for every creator and builder in our field. Trying to classify NFT as securities would be a retrogression for & mdash; & mdash; to misinterpret the law and hinder innovation. Every creator, big or small, should be able to build freely without unnecessary obstacles.
4. Linea team postponed TGE link in the first quarter
As technical and design work, including collaboration with the community, is still in progress, the Linea team said it would postpone the TGE scheduled for the first quarter.
5. Andre Cronje releases Sonic Ecological Development Vision for this year link
SonicLabs co-founded Andre Cronje to release the development vision of Sonic Ecology this year, focusing on: 90% of Gas fees are owned by applications, reducing verifier and MEV benefits; subsidizing Gas fees to reduce users’ entry barriers; supporting the application of custom Gas rates; and realizing native account abstraction to eliminate wallet and Gas dependence. The core goal of the program is to lower the threshold for user experience while increasing the income of application developers.
6. Bybit CEO:PI is a scam, Bybit will not list any suspected scam project link
Bybit CEO Ben Zhou tweeted that the Chinese police issued an official warning about PI in 2023, warning the public that the PI project was a scam aimed at the elderly, leaking personal data and causing pension losses. Bybit did not apply to PI for listing, claiming that PI refused to list Bybit or that Bybit did not pass some kind of PI KYB is complete nonsense. If the PI project is real and legal, you should take the initiative to respond to these questions instead of fabricating lies and carrying out baseless attacks; I still think that PI is a scam and Bybit will not list any suspected scams.
7. BNB Chain announced that it will carry out Pascal hard bifurcation upgrade link
BNB Chain announced that it will carry out the Pascal hard bifurcation upgrade on the test network on February 25, 2025, and the main network upgrade is scheduled for mid-March 2025. The purpose of this upgrade is to enhance compatibility with the Ethernet Fong ecosystem, in particular to introduce the implementation level improvement proposal in the Pectra upgrade of Ethernet Fong.
8. Binance HODLer airdrop launch phase 9 project KAITO link
Binance HODLer airdrop is now online for the 9th phase of the project KAITO. Subscribers who subscribe to BNB to Simple Earn products will be airdropped during the period from 08:00 on February 06, 2025 to 07:59 (East eighth District time) on February 11, 2025. Binance will launch KAITO at 21:00 (East eighth District time) on February 20, 2025, and open trading pairs with BTC, USDT, USDC, BNB, FDUSD and TRY. Seed label trading rules apply.
The total supply of KAITO tokens is 1 billion. The total number of tokens dropped by HODLer was 20 million KAITO, accounting for 2 per cent of the total supply. Before the listing of Binance, the circulation supply was about 240 million KAITO, accounting for 24.14% of the total supply of tokens.
9. Bitcoin Rune (Runes) exchange platforms OdinSwap and Valhalla will terminate operation of link
Bitcoin rune (Runes) trading platforms OdinSwap and Valhalla will be terminated and users are advised to withdraw their funds by February 28. After February 28, any outstanding balance will be refunded manually and will be subject to the applicable bitcoin network fee, or it may take a month to complete.
10. Us SEC voluntarily withdraws its appeal against DeFi rulemaking case link
The US SEC voluntarily withdrew its appeal against a ruling on Wednesday that prevented it from expanding its existing securities law to cover DeFi users and projects. In a four-page motion filed with the United States Court of Appeals for the Fifth Circuit, SEC expressed the hope that ldquo; voluntarily withdrew the appeal & rdquo;, ‘s move was not opposed. In November, a federal judge in Texas ruled that the legal definition of SEC Enlargement & ldquo; Dealer & rdquo; was beyond the authority of the regulator. The judge held that the change to the SEC dealer rules was illegal because it confused DeFi traders with financial brokers. Kristin Smith, CEO of blockchain Association, said in a statement that SEC voluntarily withdrew its appeal, which is a major victory for the digital assets industry.
Charles Demersquoten Haussy, chief executive of the dYdX Foundation, said the encryption industry is likely to usher in September & rdquo;DeFi Financial Festival & rdquo;, which will lead to months of DeFi growth. Charles pointed out that unlike rdquo;DeFi Summer & rdquo;, which lasted only three months in 2020, the new round of growth will be more lasting. Haussy predicts that the new round of growth will provide users with more access to DeFi, and that mature projects will be popular with new users because of their credibility. Charles also said that as the market matures and infrastructure improves, institutional participation and capital inflows will increase. But before that, he thinks the market is likely to experience a volatile summer and a mini-crisis.
