GuShiio.com PAIN has completed user refunds, and the Harold token share will be locked for 20 years;Coinbase has added tokenbot (CLANKER) to the topcoin roadmap; about 86% of traders have suffered losses due to LIBRA, with a cumulative loss of approximately US$251 million;Binance.US has resumed US dollar deposit and withdrawal and trading services and will gradually open them to all users in the next few days.
Today’s top news tips:
1. Musk plans to discuss with Trump a $5000 DOGE dividend to every U.S. taxpayer family
2. Binance.US has resumed US dollar deposit and withdrawal and trading services and will gradually open them to all users in the next few days
3. Nigeria sues Binance, seeking US$81.5 billion in economic losses and back taxes
4. Montana’s “Strategic Bitcoin Reserve” bill passed committee review and entered the House vote stage
5. PAIN: User refunds have been completed, and Harold’s own token share will be locked for 20 years
6. Kaito AI will open KAITO token applications at 20:00 on February 20
7. Ethereum Foundation launches the Open Intentions Framework to promote cross-chain interoperability
8. Coinbase adds tokenbot (CLANKER) to the topcoin roadmap
9. About 86% of traders incurred losses due to LIBRA, with cumulative losses reaching approximately US$251 million
Regulation/macro
Musk plans to discuss with Trump a $5000 DOGE dividend to every U.S. taxpayer family
According to Forbes, Musk said on X (formerly Twitter) that he would consult President Trump about the “DOGE Dividend” plan, which proposes using money saved by the Department of Government Efficiency (DOGE) to provide a $5000 tax refund to every taxpayer family.
The proposal, proposed by investment firm Azoria CEO James Fishback, plans to use 20% of the $2 trillion in DOGE’s targeted savings to subsidize approximately 79 million taxpayer families. As of Monday, DOGE claimed to have saved $55 billion, funded by anti-fraud, contract cancellations, asset sales, government spending cuts, etc. Musk initially responded that “I will confirm with the president,” but later added that the final decision was in Trump’s hands.
Binance.US has resumed US dollar deposit and withdrawal and trading services and will gradually open them to all users in the next few days
According to Binance.US announcement, the platform has resumed U.S. dollar (USD) deposits and withdrawals and transactions on February 19, 2025, and will gradually open it to all eligible users in the next few days.
The restored dollar-related functions include:
- USD Deposit and Withdrawal: Users can deposit or withdraw US dollars through a bank account (ACH) with zero handling fee.
- Buying and selling cryptocurrencies using USD: Supports direct purchase of cryptocurrencies by bank transfer (ACH).
- USD and cryptocurrency swap: You can instantly convert USD and cryptocurrency.
- Restore 10 USD trading pairs: including BTC/USD, XLM/USD, DOGE/USD, SOL/USD, ETH/USD, ADA/USD, HBAR/USD, SHIB/USD, SUI/USD, BNB/USD, and more trading pairs will be added in the future.
- Fixed investment function: Supports automatic purchase of cryptocurrency daily, weekly, fortnightly or monthly.
Due to intensified regulatory review, the exchange stopped the (US dollar) service more than two years ago (February 13, 2023).
Franklin Templeton launches tokenized U.S. Treasury fund to European investors
Franklin Templeton announced the launch of the first fully tokenized U.S. Treasury fund in Luxembourg, providing participation opportunities for European institutional investors.
The fund is based on the Stellar Lumens (XLM) network and has been approved by Luxembourg regulators for use by institutional investors in Austria, France, Germany, Italy, Liechtenstein, the Netherlands, Spain and Switzerland.
eToro obtains MiCA license from Cyprus to provide encryption services throughout the European Economic Area
eToro announced that it has obtained a license under the European Market Crypto Assets (MiCA) framework and will be able to provide cryptocurrency trading and custody services in all 30 European Economic Area countries. The license is granted by the Securities and Exchange Commission of Cyprus. MiCA regulations require companies to obtain a Cryptographic Asset Service Provider (CASP) license, which came into full effect in December 2023, establishing a unified legal framework for crypto services that applies to the 27 member states of the European Union and non-EU countries such as Iceland, Liechtenstein and Norway.
The U.S. SEC confirms receipt of 21Shares ‘proposal to pledge the Ethereum ETF
Nate Geraci, president of The ETF Store, tweeted that the U.S. SEC has confirmed receipt of Cboe’s 19b-4 filing seeking approval of pledge features in the 21Shares Core Ethereum ETF.
Nigeria sues Binance, seeking US$81.5 billion in economic losses and back taxes
According to Reuters, court documents show that Nigeria has filed a lawsuit seeking to force Binance to pay US$79.5 billion in economic losses because Binance claimed the losses were caused by its operations in Nigeria and paid US$2 billion in taxes. After cryptocurrency websites became the preferred platform for trading local naira currencies, authorities blamed Nigeria’s currency woes on Binance, the world’s largest cryptocurrency exchange, and detained two executives of the company in 2024.
Montana’s “Strategic Bitcoin Reserve” bill passed committee review and entered the House vote stage
According to Satoshi Action Fund, the “Strategic Bitcoin Reserve” bill in Montana, USA, was passed in committee deliberations and entered the House vote stage.
Previously, House Bill No. 429 of Montana would authorize the Investment Committee to invest up to US$50 million in precious metals and digital assets and stablecoins with an average market value of more than US$750 billion in the previous calendar year before July 15, 2025. These funds must be held by qualified custodians or through exchange-traded funds.
Trump: Executive order has been signed to end previous term’s crusade against Bitcoin and cryptocurrencies
According to Jin Shi, Trump said: I have signed an executive order to put the United States in a leading position in artificial intelligence and end the previous government’s “crusade” against Bitcoin and cryptocurrencies, marking the arrival of a new era of digital assets.
financing
Encapsulated asset startup Universal completes $9 million in financing, led by a16z
Universal completed a $9 million round of financing led by a16z. Universal aims to enable all types of crypto assets to be traded on the crypto trading network through deep liquidity, thereby enhancing asset access for developers and end users. Since the release of Universal Protocol, more than $800 million in uAsset has been traded.
Fluent Labs completes $8 million in financing, led by Polychain Capital
Blockchain developer Fluent Labs announced that it has completed an US$8 million financing led by Polychain Capital to build its Ethereum Layer 2 hybrid execution network. The financing also received support from Primitive, dao5, Symbolic Capital and other institutions. Investors include well-known angel investors such as Balaji Srinivasan and Mustafa Al-Bassam. Fluent plans to use the funds to expand its core engineering team and support the infrastructure of its ecosystem and test network.
Fluent aims to help developers seamlessly build applications across multiple blockchain ecosystems by integrating WebAssembly (Wasm), Ethereum Virtual Machine (EVM), and Solana Virtual Machine (SVM) applications into a unified execution environment.
Stabiloin liquidity provider Mansa completes a US$10 million seed round of financing, with Tether leading the investment
According to TechCrunch, stablecoin liquidity provider Mansa announced the completion of a US$10 million seed round of financing, led by Tether. This round of financing includes equity and debt financing. Tether contributed US$3 million in equity financing. The new funds will support the company’s expansion into Latin America and Southeast Asia, where liquidity challenges have also limited cross-border transactions.
Musk: Grok 3 will be available for free to all users in the short term
xAI tweeted that Grok 3 is now available for free (until the server crashes). X Premium+ and SuperGrok users will be able to use Grok 3 more, in addition to using advanced features such as voice mode in advance. In response, Musk said that Grok 3 will be free to all users in a short period of time.
Previously, Grok 3 is now available to all Premium+ subscribers.
project dynamics
Ouyi OKX will launch KAITO (Kaito) spot trading pairs
According to Ouyi OKX’s announcement, the platform will launch KAITO (Kaito), with the specific schedule as follows:
- Opening time for coin charging: February 19, 2025, 18:00 (UTC+8)
- Collective bidding time: February 20, 2025 20:00 – 21:00 (UTC+8)
- KAITO/USDT spot trading opening: February 20, 2025 at 21:00 (UTC+8)
- Opening hours for withdrawal: February 21, 2025, 10:00 (UTC+8)
Kaito AI is building an AI-driven InfoFi network that will allow the market to more effectively redistribute attention and capital, while rewarding all participants.
Kaito AI will open KAITO token applications at 20:00 on February 20
Kaito AI, an AI-based cryptocurrency data analysis platform, will open KAITO applications at 20:00 (UTC+8) on Thursday, February 20, and the token economy model will be released before the application is open. KAITO token trading will be officially launched at 21:00 (UTC+8) on February 20.
Plasma announces support for Tether’s seamless cross-chain stablecoin USD 0
According to Plasma’s official announcement, USD 0 will be supported on the first day of launch on Plasma’s main network, allowing Plasma to seamlessly connect with the US$141 billion USD on multiple blockchains such as Ethereum, Tron, TON, and Arbitrum. USD 0 is the core infrastructure of Tether stablecoin and aims to provide cross-chain deployment and secure transfer solutions to achieve zero-fee transfer.
Phemex hackers transfer some funds to currency mixers such as Tornado Cash
According to The block, online data shows that stolen funds caused by the Phemex vulnerability last month are being transferred. The hacker (or more likely a group of hackers) began dividing some of the ill-gotten gains into new addresses and transferring the tokens to Tornado Cash.
According to a report released by Swiss blockchain analytics firm Global Ledger, hackers first moved more than 2,080 ETH (worth approximately US$6 million) to 14 new addresses. Less than 4,000 ETH remaining in the main Ethereum wallet associated with this attack.
Like the initial hack on the Singapore exchange, the transfer appears to be carried out in collaboration by a group of people with extensive experience on the chain, involving multiple jumps and interacting with multiple different protocols and platforms. For example, a newly created wallet received 601.34 ETH in five separate transactions, and then integrated the funds into another new address on the cross-chain token bridge Across Protocol. The funds were further confused when they were sent to a second Across address.
In addition to transferring directly to Tornado Cash and eXch mixers to anonymize funds, hackers sometimes use platforms such as Wintermute, DLN Trade protocol, and THORChain to exchange assets.
Global Legger pointed out that while a small amount of money also flows to platforms such as OKX and CoinEx (which may be cashed out), most money transfers use on-chain tools such as Bitget’s bridging service and ChangeNOW wallet.
Ethereum Foundation launches the Open Intentions Framework to promote cross-chain interoperability
The Ethereum Foundation has announced the launch of the Open Intention Framework, a modular open source framework for building and deploying intent product experiences. Instead of building intent infrastructure from scratch, developers can easily customize and deploy intent-based protocols using a set of modular abstractions, including solvers and composable smart contracts. The framework aims to promote cross-chain interoperability, supporting more than 30 teams to jointly promote, simplifying the process of any chain passing intentions to users, and improving cross-chain user experience. The framework addresses key components such as solutions and billing in a modular manner, providing flexibility and allowing developers to select the most appropriate parts based on needs without relying on a single vendor.
Coinbase adds tokenbot (CLANKER) to the Bitcoin roadmap
According to an official announcement, Coinbase has added tokenbot (CLANKER) to the topcoin roadmap.
PAIN: User refunds have been completed, and Harold’s own token share will be locked for 20 years
Solana chain meme coin PAIN tweeted that as previously promised by the project, 80% of the 185,976 SOLs raised have been successfully refunded, and all funds sent after block 318346069 (the end of PAINSALE) have also been refunded. Harold’s own token share will be locked for 20 years until it is unlocked in 2045. According to token economics, the total supply of PAIN is 10 million pieces, of which 50% will be allocated to Harold himself, 20% will be used for pre-sales, 15% will be used for liquidity, 10% will be allocated to the community, and 5% will be allocated to the partner.
Previously, PAIN stated that 80% refunds and airdrops will be automatically issued to eligible wallets, and users do not need to apply manually.
Bithumb will launch KAITO in the Korean won market
According to an official announcement, South Korean crypto exchange Bithumb will launch KAITO in the Korean won market.
Binance Financial will remove some dual-currency investment trading pairs
According to an official announcement, based on recent review results, Binance will remove the following dual-currency investment trading pairs at 14:00 on February 21, 2025 (East Eighth District Time Zone):
- ALGO：ALGO/USDT、ALGO/USDC
- ATOM：ATOM/USDT、ATOM/FDUSD、ATOM/USDC
Please note: After removal, users will not be able to subscribe for these transaction pairs; existing subscriptions will not be affected and will be settled normally when they expire.
OKX will launch KAITO leveraged trading, perpetual contracts and simple coin making
According to the official announcement, OKX will officially launch the KAITOUSDT perpetual contract on the website, app and API at 10:00 pm (UTC+8) on February 20, 2025, and launch KAITO’s leveraged trading and simple earning money at 12:10 noon (UTC+8) on February 21, 2025.
The premium when the new contract is launched is relatively unstable. In order to avoid unreasonable charging of capital fees, the upper limit for calculating the capital rate before 00:00 am (UTC+8) on February 21, 2025 is 0.5%. After 00:00 am (UTC+8) on February 21, 2025, the upper limit for calculating the capital rate will be adjusted back to the normal 1.5% [the actual charging time for this period will be 4:00 am (UTC+8) on February 21, 2025]. If there is a deviation from the price of this contract, the capital rate will be adjusted as appropriate according to market conditions.
zkLend announced compensation plan: After team donations, the total funding gap was reduced to approximately US$9.013 million
zkLend announced the compensation plan. Deposits in unaffected pools are expected to receive full funds refund, deposits in affected pools will receive partial funds refund, and zkLend restores the pool’s claim position. The withdrawal process is expected to start within 2 weeks after the review of the restoration claims portal. Reimbursement will be paid in full from available liquidity in each unaffected pool, and if an unaffected pool experiences a shortage (due to relatively high utilization), it will be replenished by remaining liquidity in other unaffected pools to make up for the shortage. All cumulative surpluses from unaffected pools will be liquidated and distributed proportionately to each affected pool, and partial repayments will be made proportionately based on the remaining liquidity of each pool plus such reallocated (socialized) surpluses.
ZkLend said that after team donations, the total funding gap decreased to approximately US$9,013,101.72323417.
Binance contracts will add 50 U-standard perpetual contracts
According to the official announcement, the following U-standard perpetual contracts will be added to the Binance Contract Follow-up at 08:00 (UTC) on February 20, 2025:
1MBABYDOGEUSDT、ACHUSDT、ACTUSDT、AGLDUSDT、ALPACAUSDT、ANIMEUSDT、API3USDT、ARKUSDT、AUCTIONUSDT、B3USDT、BAKEUSDT、BANUSDT、BERAUSDT、BIOUSDT、BSWUSDT、COWUSDT、EIGENUSDT、ETHFIUSDT、GLMUSDT、GOATUSDT、GPSUSDT、HEIUSDT、IOUSDT、IPUSDT、KASUSDT、LAYERUSDT、LISTAUSDT、MELANIAUSDT、MOODENGUSDT、PEOPLEUSDT、PIPPINUSDT、PNUTUSDT、POLUSDT、RENDERUSDT、RPLUSDT、SHELLUSDT、SPELLUSDT、SUSDT、SWELLUSDT、SYNUSDT、TAOUSDT、THEUSDT、TROYUSDT、TSTUSDT、USTCUSDT、USUALUSDT、UXLINKUSDT、VINEUSDT、VVVUSDT、XVSUSDT。
views
Vitalik talks about Ethereum positioning, Rollup expansion, centralized sequencer and future roadmap
According to Vitalik Buterin’s response on warpcast, he believes that Ethereum is both a bitcoin-style decentralized currency and a “world computer”, emphasizing that decentralization and anti-censorship capabilities are at the core of Ethereum’s long-term value.
Regarding Rollup’s expansion route, Vitalik said that Ethereum currently adopts a mixed model of L1+L2, but it still needs to define which transactions are suitable for L1 and which are suitable for L2. He warned that “everything in L2” could weaken ETH’s position as a value store and medium of exchange, while also making it difficult to cope with the need for cross-L2 operations.
For centralized sequencers, Vitalik believes that they have the advantages of preventing run-ins, providing instant confirmation and reducing the difficulty of application linking, but there are still anti-censorship and decentralization issues. Therefore, he supports solutions based on Forced Inclusion and ZK/Optimistic mechanisms to balance efficiency and decentralization.
Regarding Ethereum 3.0, Vitalik clarified that there is currently no ETH 3.0 concept, but L1 optimizations (improving Gas Limit, Stateless Verification, enhancing cross-L2 interoperability and Blob expansion) are still advancing. He pointed out that the issue of insufficient payment of L1 transaction fees by L2 should not be viewed in the short term, and predicted that as the Blob target is increased from 3 to 128, L2’s contribution to L1 fees may reach 256,000 ETH each year.
Musk: “DOGE dividends” will not cause inflation
According to Jin Shi, Trump said he was considering distributing some of the money saved by Musk’s cost-cutting plan directly to Americans. James Fishback, co-founder of investment firm Azoria, suggested on social media earlier this week that the federal government issue tax refund checks based on the amount saved by the Department of Government Efficiency (DOGE). He suggested that Trump should work with Congress to establish a “DOGE dividend” or tax refund check backed by $400 billion. This funding is equivalent to 20% of the $2 trillion DOGE savings target.
It is reported that Musk’s team is working hard to implement substantial budget cuts and layoffs in federal agencies. Musk said that “DOGE dividends” will not cause inflation because the funds come entirely from spending cuts and the beneficiaries are mostly taxpayers who tend to save., his goal of cutting $2 trillion in federal spending is the “ideal result.”
Vitalik: Ethereum’s priority should be to improve interoperability between L2s
Vitalik Buterin said at the AMA event that the Ethereum priority should be to improve interoperability between L2s, because there are not many Stakeholders and everyone has common interests, so the process will be much simpler. You can then expand and do more cross-crypto interoperability, even from cryptocurrency to fiat tender.
important data
Pump.fun deposited 65,122 SOL, worth approximately US$10.97 million, with Kraken about 3 hours ago
According to monitoring by Onchain Lens, three hours ago, Pump.fun deposited 65,122 SOL worth US$10.97 million with Kraken. A total of 1,235,043 SOL, worth US$247.52 million, has been transferred so far this year. Overall, Pump.fun has made a profit of 2,930,093 SOL and is currently worth US$495.36 million.
Trump’s crypto project WLFI bought 200 million WLFIs and approximately 548,000 SEIs
According to Onchain Lens monitoring, the multi-signature wallet created by Trump’s crypto project World Liberty Finance (WLFI) has withdrawn 10 million USDC from Coinbase to purchase 200 million WLFI. They also spent 125,000 USDC on 547,990 SEI at an average price of $0.228.
About 86% of traders incurred losses due to LIBRA, with cumulative losses reaching approximately US$251 million
According to Bloomberg, research firm Nansen said that about 86% of traders have lost money after investing in LIBRA, which Argentine President Javier Milei “platform.” The company analyzed the winners and losers of the Libra token in a report that said cumulative losses on the Libra token were estimated at $251 million, while a small number of profitable traders made a total profit of $180 million.
Nansen researcher Nicolai Sondergaard wrote in a report that analyzed more than 15,000 crypto wallets with gains or losses of more than $1,000:”We have seen very solid on-chain evidence that a group of ‘insiders’ unilaterally profited from participating retail investors.”
PAIN team linked addresses sold $2.53 million worth of tokens in the past 7 hours
According to monitoring by@ai_9684xtpa, the PAIN team’s associated address has sold US$2.53 million worth of tokens in the past 7 hours. Address DjTrV… 1a and 24a sold 107,212 PAINs at an average price of $23.66. The source of funds was traced back to the team’s pre-sale address, rather than the 20% coin holding address where the airdrop was issued. The coins were transferred three times and shipped.
