Bulk trading in bitcoin put options surged, and the market was not optimistic in February.
Author: Shenchao TechFlow
yesterdaymarket dynamics
Cboe BZX submits spot XRP for multiple institutions ETF listing application
The Chicago Board Options Exchange (Cboe BZX Exchange) has filed a 19b-4 filing on behalf of Bitwise, 21Shares and Canary Capital to apply to list and trade spot exchange-traded products tracking XRP.
Document 19b-4 is the second step in a two-step process of proposing a cryptocurrency ETF to the U.S. Securities and Exchange Commission (SEC). Once confirmed by the SEC, the application will be published in the Federal Register, initiating the regulatory approval process.
Solayer unveils its token economics model
According to official sources, Solayer announced the Economics of LAYER Tokens, with a maximum supply of 1 billion coins and an initial circulation of 220 million yuan.
Of this, 51.23% was used for communities and ecosystems, 17.11% was used for core contributors, 16.66% was sold to investors, and 15% was used for the Solayer Foundation to support product expansion and network development. LAYER will be used for governance, protocol upgrades, ecosystem incentives and future blockchain verification rewards.
Bloomberg ETF Analysts: Still believe Litecoin will be the next winner SEC Approved crypto spot ETFs
Eric Balchunas, senior ETF analyst at Bloomberg, posted on X, reiterating his previous predictions for the development of cryptocurrency ETFs and still believing that Litecoin will become the next cryptocurrency spot ETF approved by the SEC. Eric Balchunas disclosed that the SEC has begun accepting Grayscale Litecoin Trust’s 19b-4 application form.
Solana network has been running steadily for one year, setting the longest trouble-free operation record in history
According to SolanaFloor, the Solana network has achieved uninterrupted operation for one consecutive year, setting a record for the longest stable operation since the network was established.
Greeks.live: Bitcoinput optionBulk transactions surge, and February market is not optimistic
Adam, an analyst at Greeks.live, issued a document saying that there have been a large number of large transactions in put options in the Bitcoin market, with a nominal value of US$600 million in a single day, accounting for 25% of the total transaction volume. Among them, two put calendar option transactions that night alone amounted to $110 million.
The current short-term Skew is close to zero, and the mid-to-long-term Skew and IV have dropped significantly. Coupled with a large number of altcoins to be unlocked in the first quarter, market funds are tightening, and the market in February is not optimistic.
Ondo Finance launches Layer 1 public chain Ondo Chain
According to The Block, RWA asset tokenization platform Ondo Finance announced the launch of a new layer of public chain Ondo Chain, and has received institutions such as Franklin Templeton, Wellington Management and WisdomTree to join the ecological construction. The public chain will combine the security compliance features of license chains with the openness of public chains such as Ethereum.
BounceBit releases 2025 roadmap, focusing on institutional CeDeFi and RWA businesses
CeDeFi agreement BounceBit has released its 2025 strategic plan, which will focus on developing institutional CeDeFi and physical asset (RWA) businesses. The platform plans to launch BounceBit Prime, a flagship product for institutions, in Q1, and Q2-Q4 will successively deploy RWA credit markets, settlement and clearing systems and other businesses.
It is reported that BounceBit’s total locked position volume (TVL) in Q4 in 2024 has increased from US$200 million to US$700 million, and agreed revenue has exceeded US$2.5 million for two consecutive months. The platform has currently entered into a strategic cooperation with Boya Interactive (HKG: 0434), the largest listed company Bitcoin holder in Asia.
NEAR Foundation announces $20 million AI agency fund
On February 6, the NEAR Foundation announced the establishment of a US$20 million NEAR AI Agent Fund to focus on investing in independent verifiable AI agent projects built based on NEAR technology.
The fund will be deployed on-chain in the coming months, with investment targets including proxy tokens that support decentralized AI application scenarios and mass-market consumer solutions. The fund focuses on innovative applications such as agent tokenization, AI role games, and unlicensed AI oracle machines.
CryptoQuant CEO: PoliFi will become a killer application in the crypto industry
CryptoQuant CEO Ki Young Ju said in an X post that PoliFi will become a killer application in the crypto industry.
He pointed out that powerful crypto assets attract capital and talent through compelling narratives, thus forming self-built Internet organizations. A strong narrative needs to have three characteristics: it resonates with the public, has an extreme and challenging theme, and can spark divisive discussions.
Ki Young Ju believes that politics fits these three characteristics and recommends that political parties issue their own tokens to allow members to invest to cultivate a sense of belonging, while quantifying public sentiment through free markets.
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