GuShiio.com 21,000 BTC options and 176,000 ETH options will expire today;Coinbase’s full-year revenue in 2024 reached US$6.6 billion and net profit reached US$2.6 billion; a sniper quickly bought Broccoli after CZ announced the dog’s name and made a profit of US$27.8 million.
Today’s top news tips:
21,000 BTC options and 176,000 ETH options expire today
GoPlus: A trading platform or Trading Bot user private keys were stolen in batches, and more than US$1 million in assets have been collected
U.S. lawmakers resubmit Bitcoin Reserve Bill to expand it to include other cryptocurrencies
Michigan proposes to establish a Bitcoin reserve, becoming the 20th state to advance a crypto reserve bill
GameStop considers investing in Bitcoin and other cryptocurrencies
Doodles announced that it will launch its official token DOOD in Solana, with 68% of tokens allocated to the community
Coinbase’s full-year revenue in 2024 reaches US$6.6 billion and net profit reaches US$2.6 billion
A sniper quickly bought Broccoli after CZ announced the dog’s name and made a profit of US$27.8 million
Regulation/macro
GoPlus: A trading platform or Trading Bot user private keys were stolen in batches, and more than US$1 million in assets have been collected
According to GoPlus user feedback, some assets are suspected to have been stolen. Security monitoring showed that the coin theft address was newly built yesterday, and more than US$1 million in assets have been collected from addresses starting with 0x49ad. GoPlus speculates that this may be related to the mass theft of private keys from users on a trading platform or Trading Bot. GoPlus reminds users to check the security of wallet assets as soon as possible.
U.S. lawmakers resubmit Bitcoin Reserve Bill to expand it to include other cryptocurrencies
U.S. lawmakers in Texas have reintroduced a bill aimed at establishing a strategic bitcoin reserve, now designated as SB 21, allowing investment in additional cryptocurrencies. Senator Charles Schwertner announced the bill on February 12, emphasizing that it would make the state the first to create a cryptocurrency reserve, potentially promoting innovation and “financial freedom.” The new legislation builds on SB 778, an old bill introduced in January this year and mainly targets Bitcoin. SB 778 restricts state governments from buying and holding Bitcoin but not using it for other operations, and SB 21 expands the scope to allow investment in cryptocurrencies that maintain a market value of at least $500 billion over a year. Currently, however, Bitcoin is the only cryptocurrency that meets this standard.
Michigan proposes to establish a Bitcoin reserve, becoming the 20th state to advance a crypto reserve bill
According to Cointelegraph, Michigan has become the latest state in the United States to propose a bitcoin reserve bill, marking that 20 states in the United States are advancing legislation on crypto reserves. On February 13, 2025, Rep. Bryan Posthumus and Ron Robinson introduced Bill HB 4087, which aims to amend Michigan’s Management and Budget Act to establish a strategic Bitcoin reserve for the state government. The bill allows the Michigan Treasury Secretary to invest in cryptocurrencies from general funds and economic stability funds up to a maximum of 10%, and does not impose restrictions or guidelines on the types of cryptocurrencies that can be purchased. The bill also proposes that if cryptocurrency lending does not increase financial risks, the Treasury Secretary can lend cryptocurrency to obtain further benefits. In addition, Pothumus also mentioned the launch of a stablecoin called “MichCoin”, which will be linked to gold and silver reserves to enhance their real value.
The U.S. Vice President threatens sanctions and possible military action if Russia does not reach a peace deal
According to the Wall Street Journal: U.S. Vice President Vance said on Thursday that if Russian President Vladimir Putin does not agree to a peace deal with Ukraine that guarantees Ukraine’s long-term independence, the United States will impose sanctions on Russia and possibly take military action. If Russia fails to negotiate in good faith, the U.S. option to send troops to Ukraine remains “on the negotiating table.”
Tiktok has been re-launched on the App Store and Google Play Store
According to Jin Shi, Apple (AAPL.O): Tiktok has been re-launched on the App Store. Google: TikTok is back on the Google Play Store.
The U.S. court agreed to suspend Binance’s legal dispute with the SEC until April, with both parties having until April 14 to file reports
According to The Block, Judge Amy Berman Jackson of the U.S. District Court for the District of Colombia has approved a suspension of Binance’s legal dispute with the U.S. Securities and Exchange Commission (SEC). The case will be postponed for 60 days, and both parties must submit a joint status report by April 14. Binance and the SEC filed an application on Monday seeking a stay of the case, citing the SEC’s newly established cryptocurrency working group as it develops a clearer regulatory framework. The working group is led by Hester Peirce, a member appointed by the SEC’s new acting chairman, Mark Uyeda, who recently raised cryptocurrency regulatory priorities, including classifying some tokens as non-securities.
GameStop considers investing in Bitcoin and other cryptocurrencies
According to CNBC, game retailer GameStop is exploring the possibility of investing in Bitcoin (BTC) and other crypto assets, and sources say the company is evaluating whether this investment strategy is suitable for its business. Affected by this news, GameStop’s share price rose 20% in after-hours trading. However, the company has not yet made a final decision on whether to implement the plan. Last weekend, GameStop CEO Ryan Cohen posted a photo with MicroStrategy co-founder Michael Saylor on the X platform. Although Saylor was not involved in GameStop’s crypto investment discussions, MicroStrategy has purchased billions of dollars in BTC in recent years and has become a major enterprise-level holder. GameStop launched its crypto wallet business in 2022, but closed it in 2023 due to regulatory uncertainty. The company currently holds $4.6 billion in cash reserves and approved a new investment policy at the end of 2023 that allows management to invest in securities assets that meet the guidelines.
SEC accepts Grayscale XRP trust conversion ETF application and starts review process
According to Fox Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has formally accepted the 19b-4 application filed by Grayscale and the NYSE to convert the Grayscale XRP Trust ($XRP Trust) into an exchange-traded fund (ETF). While this does not mean automatic approval, nor is there any guarantee that the SEC will ultimately agree to the application, this development shows that the SEC is more open to crypto ETFs rather than outright refusing to consider such products. Previously, the exchange had withdrawn its Solana ($SOL) ETF application due to the SEC’s tough stance. However, the SEC’s acceptance of the XRP ETF application shows that LTC, DOGE, SOL, XRP and other crypto ETFs may still be approved. The SEC expects to publish the application in the Federal Register within days, when the 240-day approval window will officially open. In addition, XRP ETF applications from institutions such as Bitwise, 21Shares, Canary Funds and WisdomTree are still pending processing by the SEC.
US SEC has confirmed acceptance of DOGE ETF application
The U.S. Securities and Exchange Commission (SEC) has confirmed acceptance of 19b-4 applications filed by Gray and the New York Stock Exchange to establish a DOGE ETF. NYSE Arca has filed a revised rule change application with the SEC to list and trade Grayscale Dogecoin Trust (GDOG) shares on its exchange, according to SEC filings. The trust is operated by Grayscale Investments and is hosted by Coinbase Custody for Dogecoin (DOGE). The investment goal of the trust is to have its stock value reflect DOGE prices and relies on the CoinDesk Dogecoin Price Index (DCX) for pricing. Currently, the trust’s administrative fee is 2.5%. The application still requires SEC approval and public comment solicitation procedures.
financing
DeFi.app completes US$4 million in financing, with a total valuation of US$100 million
According to The Block, DeFi trading platform DeFi.app has raised another $4 million in its latest seed expansion round to maintain a $100 million token valuation. The financing was jointly participated by venture capital institutions and Cobie’s Echo platform. Mechanism Capital, DCF Capital Partners, Balaji Srinivasan, Pentoshi and other institutions invested US$2 million, and Echo’s Comfy Capital and George Beall team contributed US$2 million. So far, DeFi.app’s total financing amount has reached US$6 million. In addition, DeFi.app announced that it will officially open a public beta, providing “Gas-free” cross-chain token exchange, decentralized asset management and fiat currency purchase functions, and plans to launch perpetual contract trading, revenue farms and lending services in the future. The platform’s previous closed testing has attracted 100,000 candidate users and completed US$60 million in transaction volume. The goal is to attract hundreds of thousands of users and push daily transaction volume to nine digits in the next few months. DeFi.app plans to conduct a public token sale this month to sell 3% of the total supply of HOME tokens to non-U.S. KYC compliant users, also based on a valuation of US$100 million.
FrodoBots completes $8 million in financing to launch BitRobot, a crypto-robot network
According to FrodoBots official announcement, it has completed US$8 million in financing and plans to launch the BitRobot network that combines encryption and robotics technology, focusing on promoting the development of Embodied AI (embodied artificial intelligence). The round of financing was led by Protocol VC, with the participation of Big Brain Holdings, Fabric, Zee Prime Capital, Tioga Capital, Sfermion, Solana Ventures and others. Solana co-founders Anatoly Yakovenko and Raj Gokal and several DePIN project founders participated in the investment.
AI
Apple plans to introduce AI capabilities on China’s iPhones by mid-2025
Market news: Apple (AAPL.O) plans to introduce AI features on iPhones in China by mid-2025. Apple (AAPL.O) is working to bring its artificial intelligence AI capabilities to China by the middle of this year, accelerating a complex task that requires software changes and relies on local partners. According to people familiar with the matter, the iPhone maker has multiple teams in China and the United States and is committed to adapting the Apple Intelligence platform to China, with the goal of launching it as early as May. (Jin Shi)
Baidu’s Wenxin next-generation model is confirmed to be open source
According to Baidu’s official public account, Baidu announced that it will launch the Wenxin Model 4.5 series in the next few months, and will officially open source from June 30. Ironically, Robin Li said last year that open source is actually an IQ tax. “When you rationally think about what value a large model can bring and at what cost, you will find that you should always choose a closed-source model. Today, whether it is ChatGPT or Wenxinyiyan, closed-source models such as today, they must be more powerful and have lower reasoning costs than open source models.”
project dynamics
The “czs-dog” section has been removed from Binance Wallet’s home page
According to Binance Wallet’s official page, the “czs-dog” section has been removed. According to previous news, Zhao Changpeng: He will not issue Meme coins personally, which depends on whether the community does so.
Binance launches the sixth phase of BNSOL super pledge project Pepe (PEPE)
Binance announced the launch of the sixth phase of the BNSOL super pledge event with its token partner Pepe (PEPE). During the event, users who hold BNSOL or pledge SOL as BNSOL from 08:00 on February 17, 2025 to 07:59 on March 17, 2025 (Beijing time) can receive a PEPE APR Boost reward airdrop, which is an additional benefit on top of the basic APR of BNSOL pledge.
Doodles announced that it will launch its official token DOOD in Solana, with 68% of tokens allocated to the community
According to Doodles’s official announcement, NFT project Doodles officially launched its official token $DOOD and plans to issue it on the Solana chain, with a total supply of 10 billion pieces. It will support cross-chain to Base in the future. 68% of the tokens will be allocated to the community, of which 30% will be allocated to the Doodles community, 25% will be allocated to the ecological fund, 13% will be allocated to new members, 17% will be allocated to the team (1 year lockdown, 3 years vested), and 10% will be used as liquidity, 5% will be reserved for the company. Doodles said its ecosystem already covers animation, short films and global brand cooperation, and plans to build a long-term cultural movement through a decentralized model.
Coinbase’s full-year revenue in 2024 reaches US$6.6 billion and net profit reaches US$2.6 billion
According to The Block, U.S. cryptocurrency exchange Coinbase announced its fourth quarter and full-year 2024 financial results, exceeding market expectations and increasing revenue and earnings significantly. The company’s fourth-quarter revenue reached US$2.3 billion, doubling year-on-year, higher than market expectations of US$430 million, and quarterly net profit was US$579 million. Trading revenue increased 172% year-on-year to US$1.6 billion. Annual revenue reached US$6.6 billion, a year-on-year increase of 111% from US$3.1 billion in 2023, net profit reached US$2.6 billion, and adjusted EBITDA was US$3.3 billion. Q4 total revenue was US$2.3 billion, transaction income was US$1.6 billion, and quarterly net income was US$1.3 billion. Coinbase currently holds $9.3 billion in USD resources, up from $8.2 billion in the previous quarter. In addition, stablecoin revenue was US$226 million, slightly down from US$247 million in the previous quarter. Coinbase shares have risen in after-hours trading, rising 16% so far in 2025 and 112% in the past year, with a market value of more than US$73 billion. The company said in its annual shareholder letter that the regulatory environment in the United States is improving, the government’s crackdown on the cryptocurrency industry is ending, and it expects policies to be more friendly in the future. Coinbase recently sent letters to the Federal Reserve, the FDIC and the OCC urging clarification of crypto-banking rules and an end to “de-banking” of the industry. Q1 Since 2025, Coinbase’s transaction revenue has reached US$750 million, and subscription and service revenue is expected to be between US$685 and US$765 million.
Zhao Changpeng released photos of his pet dog Broccoli and their story
Binance founder Zhao Changpeng (CZ) released photos of his pet dog Broccoli and the story between them.
Coinbase International will launch Spx6900 and Kaspa perpetual contracts
According to Coinbase International Exchange, the platform and Coinbase Advanced will support Spx6900 and Kaspa perpetual contracts, and the SPX-PERP and KAS-PERP markets will be open for trading at or after February 20, 2025 Beijing time.
views
Analysis: Bitcoin bull market may not be over, 200-week moving average trend shows bullish signal
According to TradingView data, Bitcoin (BTC)’s 200-week simple moving average (SMA) currently stands at $44200. Although it has reached an all-time high, it is still well below the 2021 bull market peak of $69000. Historical data shows that bull markets usually end when the 200-week moving average reaches the previous bull market high. For example, the 2021 bull market ends when the 200-week moving average reaches a 2017 high of $19000, while the 2017 bull market ends when the moving average reaches a 2013 high of $1200.
The current BTC price fluctuates in the range of US$90,000 to US$110,000. If the historical trend continues, this range may break through as a bullish trend. In addition, Deribit options market data also supports this view. According to statistics from Amberdata, call options with a maturity of three months or longer are priced higher than put options, reflecting market expectations for price increases. The current market price is $96700, and the most popular option is a call option with a strike price of $120,000, with a nominal open interest of more than $1.8 billion.
important data
A sniper quickly bought Broccoli after CZ announced the dog’s name and made a profit of US$27.8 million
According to Lookonchain monitoring, a sniper made a profit of US$27.8 million by sniping the Meme coin Broccoli named after CZ’s dog. After CZ announced the name of its dog, the sniper quickly purchased almost all Memecoin named Broccoli, distributed the tokens among multiple wallets through the Disperse tool and sold them off. Subsequently, the sniper collected the BNB obtained from selling Broccoli into the wallet “0xe332… 03f3 “and convert all BNB into USDT. In the end, the sniper earned a total of 27.8 million USDT.
A giant whale spent US$5 million to buy Broccoli tokens and became the largest holder
According to Lookonchain monitoring, a giant whale investor bought a large amount of Broccoli worth US$5 million (token address: 0x6d5… 714）。The investor spent a total of 7431 BNB (approximately US$5 million) and purchased 39.54 million Broccoli tokens for US$0.1264, becoming the largest holder of the token.
Ethereum ETH pledge ratio has dropped to 27%, falling for the first time since the peak of 29%.
21,000 BTC options and 176,000 ETH options expire today
According to Greeks.live data, 21,000 BTC options will expire today, with a Put Call Ratio of 0.67, with a maximum pain point of US$98,000, with a nominal value of US$2.08 billion; at the same time, 176,000 ETH options will expire, with a Put Call Ratio of 0.64, with a maximum pain point of US$2,725, with a nominal value of US$470 million. Despite the recent positive news released by the U.S. government, market sentiment remains sluggish, and the implied volatility (IV) has fallen to its lowest level in nearly a year. Since BTC fell below US$100,000, major options players have continued to sell short-and medium-term call options. Bulk call trading volume has increased, but bearish trading volume has declined, indicating that the market is not optimistic about the rise, but the downward panic is also weakening. Institutions generally believe that the market will lack funds and hot spots in February, or will enter a “garbage time” stage.
