Token Unlocks data shows that tokens such as SUI, OP, ZETA will see large unlocks next week:
Sui (SUI) will unlock about 22.97 million tokens at 8 AM Beijing time on March 1, accounting for 0.74% of the current circulating supply, worth about $77.6 million;
Optimism (OP) will unlock about 31.34 million tokens at 8 AM Beijing time on February 28, accounting for 1.93% of the current circulating supply, worth about $36.7 million;
ZetaChain (ZETA) will unlock about 44.26 million tokens at 8 AM Beijing time on March 1, accounting for 6.48% of the current circulating supply, worth about $15 million;
AltLayer (ALT) will unlock about 240 million tokens at 6 PM Beijing time on February 25, accounting for 9.41% of the current circulating supply, worth about $11.6 million;
dydx (DYDX) will unlock about 8.33 million tokens at 8 AM Beijing time on March 1, accounting for 1.14% of the current circulating supply, worth about $6.7 million;
Sleepless AI (AI) will unlock about 18.21 million tokens at 8 AM Beijing time on March 1, accounting for 14.01% of the current circulating supply, worth about $5.1 million.
Bybit hacker has used cross-chain swap platforms to convert 37,900 ETH into other assets
According to on-chain analyst Yu Jian's monitoring, the Bybit hacker has, over the past 30 hours since starting to launder the funds yesterday afternoon, used a large number of addresses to leverage cross-chain swap platforms such as Chainflip, THORChain, LiFi, DLN, and eXch to convert 37,900 ETH (worth $106 million) into other assets (such as BTC). The Bybit hacker's addresses currently hold 461,491 ETH (worth $12.9 billion), and the total amount of ETH stolen from Bybit is 499,395 ETH (worth $14 billion).
MicroStrategy founder Michael Saylor has released Bitcoin Tracker information again, stating: "I don't think this reflects what I did last week." According to past patterns, MicroStrategy usually discloses additional Bitcoin purchases the day after such announcements.
Pumpfun frontend has removed Meme tokens associated with the Lazarus Group
According to Aggr News, the Pumpfun frontend has removed Meme tokens associated with the North Korean hacker group Lazarus Group. Previously, the Bybit attacker is suspected to have issued Meme tokens on Pumpfun for money laundering, transferring SOL tokens to a certain address and then launching the Meme token.
Bybit tweeted that through coordinated efforts, $42.89 million in stolen funds have been successfully frozen within a day. The assisting institutions include Tether, THORChain, ChangeNOW, FixedFloat, Avalanche Ecosystem, CoinEx, Bitget, and Circle.
Exchange eXch denies allegations of helping the Lazarus Group hacker group launder money
According to The Block, the non-KYC centralized exchange eXch denied allegations of representing the Lazarus Group for money laundering in a forum post. "Holding the opposite view is just the opinion of some people who want the interoperability and on-chain privacy of decentralized cryptocurrencies to disappear... These people have long hated decentralized cryptocurrencies."
Analyst Vxdb pointed out: "Exch[.]cx is a no-KYC exchange, and its ETH trading volume has seen an abnormal surge - 20,000 ETH in the past 24 hours, compared to the usual 800 ETH." "Their Bitcoin reserves are also empty, but their ETH reserves have increased by 900%."
The eXch team acknowledged that "a small portion of the funds from the ByBit hack eventually ended up in our addresses", but claimed this transfer was "an isolated case and the only part we've dealt with." Later, the eXch team promised to donate the fund proceeds to "various open-source projects dedicated to privacy and security within and outside the crypto space."
In another post, the eXch team shared a screenshot showing an email from Bybit staff requesting eXch to block certain wallets flagged as receiving the stolen funds. The team apparently refused this request and accused Bybit of "marking deposits from eXch addresses as 'high risk', thereby damaging our reputation."
Safe Wallet tweeted that its team is working to restore service, and will begin a gradual restoration within the next 24 hours. The restored Safe Wallet will add additional security measures:
- Verification of transaction hashes, data, and signatures
- Enhanced monitoring alerts
- Temporarily removing the native Ledger integration, as Ledger was the signing device/method used in the Bybit attack.
Upon restoration, users may experience longer transaction times or performance issues due to the additional checks. As always, users are advised to be vigilant when signing transactions and verify that the correct transaction data is being signed.
According to The Block, partnerships between cryptocurrency companies and sports organizations are increasing, from Formula 1 team sponsorships to football, mixed martial arts, and even snooker. Cryptocurrency exchanges like Coinbase, Gate.io and XBO.com, stablecoin issuer Tether, and crypto betting sites Sportsbet.io and Cloudbet have recently signed major partnership deals with sports organizations.
Citing data from marketing agency SportQuake, the Financial Times reports that by 2025, 22 deals have been made with an average value of $4.3 million, compared to 18 deals with an average value of $2.6 million in the same period last year.
Notable partnerships include Tether acquiring a minority stake in Italian football club Juventus, worth around $50 million.
Coinbase recently partnered with the Aston Martin Formula 1 team Aston Martin Aramco, with the deal fully paid in stablecoins. The value of the deal has not been disclosed. Coinbase's logo appears on the team's recently launched AMR25 race car.
Gate.io has also signed an agreement with the Oracle Red Bull Racing team, with its logo appearing on the team's race cars, race suits, and the helmet of four-time world champion Max Verstappen.
Cryptocurrency exchange XBO.com recently signed a partnership to become the official global sponsor of the Argentine national football team in 2025. XBO will launch special promotions, rewards, and marketing activities featuring the team's players.
Other notable partnerships include Sportsbet.io's title sponsorship of the snooker player championship, and Cloudbet's multi-year agreement with the mixed martial arts organization Professional Fighters League.
Montana House of Representatives rejects "Strategic Bitcoin Reserve" bill
According to Cointelegraph, the Montana House of Representatives rejected the "Strategic Bitcoin Reserve" bill by a vote of 41 to 59, with many legislators concerned about the investment committee using taxpayer money for excessive speculation.
Previous report indicated that the Montana "Strategic Bitcoin Reserve" bill had passed committee review and entered the House voting stage.
Musk changes the avatar and background of the X platform to Grok-themed images
Musk has changed the avatar and background image of the X platform, with the theme being Grok.
Pump.fun is suspected to be internally testing the AMM liquidity pool, adding a new Swap section
According to Aggr News, Pump.fun is suspected to be internally testing the AMM liquidity pool, adding a new Swap section, which may replace Raydium as the third-party provider.
