GuShiio.com Grayscale Pyth Trust announced the launch of the PYTH trust fund.
Author: Shenchao TechFlow
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Market News: Some users report receiving FTX compensation on the Kraken platform
According to AggrNews, multiple Reddit users claimed to have received compensation from FTX and transferred it to their Kraken accounts.
Gray announced the launch of PYTH Trust Fund Grayscale Pyth Trust
According to official sources, Grayscale announced the launch of a new single-asset cryptocurrency investment fund, Grayscale Pyth Trust ($PYTH). The trust fund allows qualified accredited investors to obtain exposure to PYTH tokens through securities without having to directly purchase, store and hold PYTH tokens.
The trust share price will track the PYTH market price trend, but will need to deduct relevant expenses. PYTH is a digital asset issued based on the Pyth Network, a decentralized computer network that runs on top of cryptographic protocols and supports users to trade PYTH tokens on the blockchain.
Japanese-listed company Metaplanet announced that it will implement a 10-to-1 stock split on April 1
Japanese-listed company Metaplanet announced that it will implement a 10-to-1 stock split on April 1. The company has been purchasing bitcoins since April 2024 and currently holds 2,031 bitcoins worth nearly US$200 million.
Benefiting from the Bitcoin allocation strategy, the company’s share price has risen 3,900% in the past 12 months, making it the best performing stock in Japan. Metaplanet said in an announcement that the current stock price has caused a substantial financial burden on investors. This stock split will reduce the price of each trading unit lot, help improve stock liquidity, expand the shareholder base, and strengthen contact with a wider investor community.
Hyperliquid announces the launch of HyperEVM’s main network
According to official news from the Hyper Foundation, the HyperEVM main network has been officially launched.
This release introduces universal programmability to Hyperliquid’s high-performance financial system. Key features include:
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HyperEVM blocks, as part of a layer of network execution, inherit HyperBFT consensus security;
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Support transfer between native spot HYPE and HyperEVM HYPE, where HYPE serves as HyperEVM’s native fuel token;
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Deploy standardized WHYPE system contracts for decentralized financial applications.
Jupiter: Meteora head Ben announces his resignation
According to Jupiter co-founder meow, Ben, project leader of the decentralized trading platform Meteora project, has chosen to resign. Meow said that while he has full confidence in Ben’s character, as the project leader, Ben has not paid enough judgment and attention to the core aspects of the project over the past few months, which is unacceptable.
In response to the recent controversy, meow reiterated that neither Jupiter nor Meteora was involved in any insider trading or financial misconduct. He said the company had hired well-known law firm Fenwick West as an independent third party to conduct an investigation and issue a report. At the same time, he emphasized that JUP tokens have always maintained high standards of transparency and are the only major agreement to detail each token in the three audit processes, and have never been traded over-the-counter.
Monad announced that testnet will be launched on February 19
Monad, an Ethereum-compatible Layer 1 public chain, posted on social media that the testnet will be launched on February 19, 2025.
Libra Alliance claims to have bribed the Argentine president’s sister to control the president’s decision-making
According to CoinDesk, Hayden Davis, the key figure behind the Libra token and CEO of Kelsier Ventures, previously claimed in a text message that by paying funds to Argentine President Javier Milei’s sister Karina Milei, he could control the president’s decisions.
After the Libra token was launched and plunged, Hayden Davis denied the above statement through a spokesperson, saying he had never paid any money to the president or his sister and called it a political attack.
In the early days of the token offering, the wallet controlled by Hayden Davis and Kelsier Ventures made more than $100 million. The token plunged more than 95% after reaching a high of $5, resulting in significant speculative investment losses. Currently, Argentina’s opposition party is threatening to launch an impeachment investigation against the president over the matter.
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