GuShiio.com The Korean Financial Intelligence Agency restricts new Upbit users from trading in cryptoassets; the U.S. SEC accepts the Cardano spot ETF application submitted by Grayscale;Binance Launchpool launches RedStone (RED);Binance Pre Market launches a daily limit mechanism;Bybit hackers have cleaned 100,000 ETH.
Today’s top news tips:
1. The Korea Financial Intelligence Agency restricts new Upbit users from trading in cryptoassets for three months
2. The US SEC accepts the Cardano spot ETF application submitted by Grayscale
3. Binance Launchpool launches RedStone (RED)
4. Babylon Foundation launches airdrop registration
5. Data: In the past 24 hours, contracts across the network have sold out US$1.23 billion, with multiple orders being sold
6. Analysis: Bybit hackers have cleaned 100,000 ETH
7. Binance Pre Market launches a daily limit mechanism
8. Citadel Securities, a large market maker on Wall Street, plans to enter the field of cryptocurrency market-making
Regulation/macro
South Korea’s Financial Intelligence Agency restricts new Upbit users from trading in cryptoassets for three months
According to Yonhap News Agency, the Korea Financial Intelligence Agency (FIU) announced on February 25 that it would implement regulatory measures on Upbit, South Korea’s largest cryptocurrency exchange. According to regulations, Upbit will be restricted from the cryptocurrency recharge and withdrawal business of newly registered users in the next three months.
US SEC accepts Grayscale’s Cardano Spot ETF application
The SEC accepts a Cardano (ADA) spot ETF application filed by Arca on behalf of Grayscale on the New York Stock Exchange. Previously, the SEC has accepted a large number of cryptocurrency ETFs, including Cboe’s XRP ETF, Grayscale’s spot XRP and DOGE ETF.
Trump official announcement: Tariff plans on Mexico and Canada will be advanced as scheduled
U.S. President Trump said the U.S. plan to impose additional tariffs on Mexico and Canada will “proceed as scheduled” after a month-long “moratorium” will expire next week.
project dynamics
Binance Launchpool launches RedStone (RED)
Binance Launchpool launches its 64th project, RedStone (RED), a multi-chain oracle that spans EVM and non-EVM chains. The website is expected to be available within 12 hours before the launch of the new currency pool.
Binance Pre Market launches daily limit mechanism
Binance announced that in order to continue to innovate and improve users ‘trading experience, Binance will launch an enhanced feature for Binance Pre Market-a daily limit mechanism. The upward circuit breaker mechanism will limit the maximum increase in the trading price of the Pre Market to a certain percentage of the initial opening price within 72 hours after the first opening of the market.
Babylon Foundation launches airdrop registration
Babylon Foundation announced the launch of an airdrop registration page, which will end on March 15. This airdrop is targeted to the group mainly including first-stage pledgers, first-stage final certainty providers, and eligible contributors to the Github repository.
Founder of Time.fun: We will consider issuing platform tokens in the future, but at this stage, we focus on the market fit of the product
Kawz, founder of Time.fun, said that in the future, he would consider issuing the platform’s own tokens. If other platforms are built based on tokenization time, a platform-based token can connect them all together. However, Kawz also admitted that it is too early to find Time.fun tokens at this stage, because the platform must first find the market fit of the product, and the key goal of the platform is to make tokenization time composable.
Bybit has transferred back 40,000 ETH units to Bitget to repay its previous loan
According to Lookonchain monitoring, Bybit has transferred back 40,000 ETH to Bitget to repay previous loans.
Chainflip: Agreement upgrade will be carried out to stop the flow of Bybit hacker funds
Chainflip officially announced that after discussions with the team, community, working capital providers, the main interfaces using Chainflip, and most verifier providers, it was decided that protocol upgrades would be used to prevent the illegal flow of Bybit hacker funds within the protocol.
Major Wall Street market maker Citadel Securities plans to enter the cryptocurrency market making arena Major market maker Citadel
Securities plans to enter the cryptocurrency market-making space and become a liquidity provider for major exchanges such as Coinbase, Binance and www.example.com. Crypto.com Previously, the company remained cautious about the market due to unclear U.S. encryption regulations.
Ethereum Pectra upgrade was activated on the Holesky test website but was ultimately not confirmed, and developers are investigating
Ethereum’s Pectra upgrade was activated on the Holesky test network at 5:55, but based on blockchain data, it was not initially finalized. Finalization means that once a transaction is confirmed and added to a block, it becomes immutable and irreversible. It is not fully clear why the testing network failed to complete. Ethereum developers are investigating.
YZi Labs invests in crypto artificial intelligence startup Vana
YZi Labs announced that it will invest in cryptographic artificial intelligence startup Vana. The specific amount has not been disclosed yet. As part of the investment, Binance co-founder Changpeng “CZ” Zhao has joined Vana as a consultant, and Zhao Changpeng has been actively involved in YZi Labs after it changed its name from Binance Labs.
Kraken announced cooperation with Paxos and others to support the stablecoin USDG
Kraken announced a partnership with Paxos, Robinhood and Anchorage to support the stablecoin USDG, which has a 1:1 exchange rate with the U.S. dollar. It is built on the Ethereum blockchain (ERC-20) and supported by Paxos, the global leader in stablecoins. It aims to become a trustworthy and transparent stablecoin for trading and hedging, providing users around the world with seamless access to digital dollars.
Analysts: Strategy’s premium on market value to its Bitcoin holdings has dropped from 3.4 times to 1.6 times
Cryptography analyst Miles Deutscher posted that the premium rate of Strategy (formerly MicroStrategy)’s market value relative to its Bitcoin assets has dropped from 3.4 times in November last year to 1.6 times today.
He pointed out that the lower the number, the more difficult it will be for company CEO Michael Saylor to raise more money to buy Bitcoin, which means that his pace of Bitcoin purchases may slow down.
important data
A holder with a large number of bitcoin contracts cut his meat and stopped losses at an average price of US$89,138, with a total value of US$159 million.
According to monitoring by@ai_9684xtpa, a Bitcoin large-value multi-contract holder at the address named “Set 10 Big Targets” cut off 1,783.48 BTC at an average price of US$89,138, with a total value of US$159 million. Its average opening price is US$100,320.8.
Data: In the past 24 hours, contracts across the network have sold out US$1.23 billion, with multiple orders being sold
Coinglass data shows that in the past 24 hours, US$1.231 billion have been sold in full-network contracts in the cryptocurrency market, of which US$1.154 billion have been sold in multiple orders and US$77.2416 million have been sold in short orders.
Most tokens have fallen by 30% to 80% since mid-December last year, and the market value of SOL has dropped by about US$50 billion in a single month
Data from digital asset management company Arca shows that the value of most tokens has lost by 30% to 80% since mid-December last year. Among them, Solana’s market value has lost approximately US$50 billion in the most recent month, partly due to the impact of the recent Meme coin scandal named Libra. In addition, due to the planned “unlocking” of approximately US$1.72 billion Solana tokens on March 1 (lifting trading restrictions), Solana is also facing selling pressure.
Analysis: Bybit hackers have cleaned 100,000 ETH
According to Spotonchain monitoring, Bybit hackers have cleaned 100,000 ETH (approximately US$250 million), accounting for 20% of the 499,000 ETH stolen. Hackers are actively spreading funds to multiple addresses and using THORChain to convert them across the chain into BTC, DAI and other assets. Bybit hackers still hold 399,000 ETH, more than Ethereum founder Vitalik Buterin or the Ethereum Foundation.
