GuShiio.com The LIBRA “running away” scandal may curb the market for altcoins and Meme coins, and the options market will wait and see policy changes.
Author: Shenchao TechFlow
yesterdaymarket dynamics
Binance launches communityvote, inquire whether to go online Pi Network
According to an official announcement, Binance has launched a community voting campaign to solicit users ‘opinions on whether to launch Pi Network. Voting will be conducted on the official Binance Square platform from 22:45 on February 17 to 7:59 on February 28, Beijing time.
Users participating in the voting must have a verified Binance account and account assets must remain at least US$5 equivalent during the voting period. Each user can only vote once, and the voting results will be updated daily on the official Binance Square channel. The final results will be announced after unqualified and illegal votes are eliminated.
CZBinance will not sell or accept single digitsequity investment
Binance founder Zhao Changpeng (CZ) said on social media that some low-level, self-righteous Asian competitors were spreading FUD that Binance, a centralized exchange, would be sold.
As a shareholder, Binance will not sell.
Top investors have always been interested in Binance. Over time, we may allow some investors to hold single-digit percentages.& rdquo;
Zhu Su, co-founder of Three Arrow Capital (3AC), said in an article on X: It is time to fully store Ethereum (ETH). Vitalik is waiting for victory and waiting for the enemy’s bodies to pass by.” rdquo;
QCP Capital: LIBRA ‘s escape scandal may curb the market of altcoins and Meme coins, options market will wait and see policy changes
The latest analysis from QCP Capital points out that as the market continues to move sideways, Bitcoin’s market dominance has risen to about 60%, close to a four-year high, while ETH and other altcoins continue to perform poorly. Analysis pointed out that the recent scandal involving Argentine President Millay in the LIBRA project may affect the development of similar projects and curb the market for altcoins and Meme coins.
The report pointed out that after the bitcoin price returned to the middle of the range, the 7-day realized volatility dropped to 36, pushing the implied volatility to continue to decline. Due to the lack of a major positive catalyst for cryptocurrencies, price movements are more driven by macro factors, and the correlation between Bitcoin and the stock market is still significant.
Despite the current macro uncertainties such as tariffs, debt ceilings and inflation, as well as the unpredictability brought by Trump, the implied volatility and VIX of cryptocurrencies remain low.
The report also pointed out that Bitcoin has shown strong resistance to recent macro data, and open interest has not recovered significantly after it expired at the end of January. This suggests that the cryptocurrency options market is waiting for specific policy changes rather than just responding to positive rhetoric.
Currently, despite low volatility, market participants are still holding a wait-and-see attitude towards the value of payment times, which is similar to when Bitcoin fluctuated within the range in the second and third quarters of last year. Most trading currently focuses on near-term volatility selling or range trading rather than betting on major breakthroughs.
Binance will launch GPS and SHELL perpetual contracts, up to 25 timeslever
According to official sources, Binance will launch the GPSUSDT perpetual contract at 1:00 (Beijing time) on February 18, and launch the SHELLUSDT perpetual contract at 1:15, providing up to 25 times leverage.
Kaito AI: Completed KAITO Yaps snapshot
On February 17, according to an official announcement, AI-based encrypted search engine Kaito AI had completed a KAITO Yaps snapshot at 12:00 (UTC+8) on February 17.
In addition, the platform will take a snapshot of Kaito Genesis NFT holders on February 18 at 12:00 (UTC+8).
IntoTheBlock: Bitcoin’s correlation with the S & P 500 dropped to zero, a similar trend before breaking through $100,000
According to IntoTheBlock data, the correlation between Bitcoin and the S & P 500 index has dropped to zero, indicating that the current trends of the two are completely decoupled. The last time there was such a low correlation was on November 5, 2024, just before Bitcoin broke through the $100,000 price barrier.
Moonshot’s 24-hour turnover fell to $3.119 million, down nearly 95% from its historical peak
According to Dune data, the 24-hour trading volume of cryptocurrency trading app Moonshot dropped to US$3.119 million, down nearly 95% from the peak of US$666 million on January 19, 2025. During the same period, transaction fees also dropped from 10.616 million to 56,500, a decrease of 99.4%.
American Stock Exchange MEMX applies for listing on 21Shares XRP spot ETF
According to Cointelegraph, the American stock exchange MEMX has filed an application with the U.S. Securities and Exchange Commission (SEC) to list the 21Shares XRP exchange-traded fund (ETF)as a commodity trust.
Previously, another US stock exchange, Cboe BZX, applied for listing four XRP spot ETFs, including 21Shares Core XRP Trust, on February 6. The SEC confirmed receipt of the application on February 14.
market dynamics
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