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Yesterday, the Crypto market saw many notable news. Let's take a look at the hottest Crypto news compiled by Allinstation!
The hottest Crypto news yesterday - February 25
Arkham (ARKM) to launch spot trading in 17 US states
Arkham Intelligence, a cryptocurrency exchange and blockchain data analytics platform, will officially launch its spot trading services in 17 US states starting from March 1. This is an important step after the platform launched its perpetual futures trading based on USDT at the end of last year.
Arkham's spot trading services will be available to users in the following states: Colorado, Hawaii, Indiana, Iowa, Kansas, Michigan, New Hampshire, New Jersey, South Carolina, Tennessee, Utah, Virginia, Wyoming, Wisconsin, California, Massachusetts, and Montana.
Details: Arkham (ARKM) to launch spot trading in 17 US states
Arbitrum DAO community debates proposal to invest 7,500 ETH in external DeFi projects
The plan to allocate a portion of Ethereum (ETH) from the treasury into external DeFi projects is causing fierce debate within the Arbitrum community. Specifically, the Growth Management Committee (GMC) with three members has proposed to allocate 7,500 ETH from the treasury into three decentralized finance (DeFi) protocols, none of which are part of the Arbitrum ecosystem.
Details: Arbitrum DAO community debates proposal to invest 7,500 ETH in external DeFi projects
Infini payment project suspected of being hacked, with nearly 50 million USD in losses
According to an alert from CertiK, the monitoring system has detected suspicious transactions from an unverified contract. The address making the transactions is 0x9A79f4105A4e1A050Ba0b42F25351D394fA7E1DC, with an amount of around $49.5 million being transferred to the wallet 0x3ac96134fb0e42a52d33045aee50b89790f05ed0. Currently, this amount is being converted to DAI.
Details: Infini payment project suspected of being hacked, with nearly $50 million in losses
A US state has just rejected a bill to buy Bitcoin reserves
On February 22, the Montana House of Representatives rejected Bill 429, a proposal to allow Bitcoin to become the state's reserve asset. This decision was passed with a ratio of 41-59, as many lawmakers expressed concerns that investing in Bitcoin could expose the state's investment fund to excessive risk.
The bill proposed the establishment of a special revenue account to invest in precious metals, stablecoins, and digital assets with a market capitalization of over $750 billion in the past year. Currently, only Bitcoin meets this criteria.
Details: A US state has just rejected a bill to buy Bitcoin reserves
The price of the RAY (Raydium) token has dropped sharply due to Pump.fun's actions
The price of Raydium's RAY token has recently plummeted as it emerged that Pump.fun - the leading meme coin launch platform on Solana - is quietly testing its own Automated Market Maker (AMM) system.
Details: The price of the RAY (Raydium) token has dropped sharply due to Pump.fun's actions
Binance announces the listing of 8 new spot trading pairs
The world's leading cryptocurrency exchange Binance has announced that it will be adding new trading pairs on February 25, 2025 at 3:00 PM (Vietnam time), in order to enhance trading options and provide a better experience for investors.
The new trading pairs will include:
BNB/ARS, ETH/MXN, KAITO/BRL, SOL/ARS, SOL/MXN, TRUMP/BRL, TRX/FDUSD, TST/TRY
Details: Binance announces the listing of 8 new spot trading pairs
dYdX proposes to withdraw 20 million DYDX staked on Stride
The dYdX community is holding an important vote on a proposal to withdraw the liquid staking program on Stride. As of now, the proposal is receiving overwhelming support with a consensus rate of up to 98.15%. If the high level of support is maintained, the staking program will be officially withdrawn when the vote ends on February 27, 2025.
Details: dYdX proposes to withdraw 20 million DYDX staked on Stride
BinaryX will change the BNX token to FORM, instead of FOUR as originally planned
On February 24, BinaryX officially announced the adjustment of the token symbol from BNX to FORM, instead of FOUR as originally planned. The reason for this move is to return the "Four" name to the BNB Chain community.
BinaryX launched the Four.meme fair launch platform on July 3, 2024 and has witnessed the strong development of Meme culture in the BNB Chain ecosystem. However, during this process, Four has become a highly influential Meme symbol and has been used by various other projects, leading to a duplication of names between tokens, causing confusion in the community.
Details: BinaryX will change the BNX token to FORM, instead of FOUR as originally planned
Zhu Su's OX.FUN exchange accused of losing solvency, the exchange denies the allegations
The cryptocurrency derivatives exchange OX.FUN, backed by Zhu Su - the co-founder of Three Arrows Capital, has officially denied allegations related to the loss of solvency.
On February 25, OX.FUN posted on the X platform:
"All withdrawal transactions are still processing normally. This is a deliberate false rumor (FUD)."
This statement came after information emerged from the "stevie_ravioli" account on X claiming that OX.FUN had officially lost its solvency. The post included screenshots of private messages from a recently fired former employee, who claimed that the exchange only had around $180,000 left to handle withdrawals as of the morning of February 24.
Details: Zhu Su's OX.FUN exchange accused of losing solvency, the exchange denies the allegations
Berachain's TVL surges, "surpassing" Arbitrum and Base
The Layer-1 blockchain Berachain has recently reached an important milestone by surpassing $3.26 billion in Total Value Locked (TVL), making the network the sixth-largest blockchain in the decentralized finance (DeFi) space, according to data from DefiLlama.
Specifically, as of February 24, Berachain's TVL has surpassed Arbitrum and Base, marking a significant step forward for this ecosystem. Currently, the Berachain (BERA) token is trading at $6.75, with a market capitalization of $715 million and a fully diluted valuation (FDV) of $3.3 billion.
Details: Berachain's TVL surges, "surpassing" Arbitrum and Base
Ethena (ENA) announces $100 million fundraise
The Ethena stablecoin project has successfully raised $100 million through the ENA token sale, with the funding round completed in December 2024. This event attracted the participation of Franklin Templeton and F-Prime Capital (the venture capital fund affiliated with Fidelity Investments), demonstrating the confidence of major financial institutions in Ethena's growth potential.
The new capital will help Ethena expand the application of the USDe stablecoin, improve its liquidity, and increase its accessibility on decentralized finance (DeFi) platforms. Additionally, Ethena is developing iUSDe, a stablecoin designed specifically for traditional financial institutions, in order to attract capital from large institutions.
Details: Ethena (ENA) announces $100 million fundraise
MicroStrategy successfully raises $2 billion to buy Bitcoin
MicroStrategy, now known as Strategy, has announced that it has successfully raised $2 billion through the issuance of convertible senior notes with a 0% interest rate. The company plans to use the proceeds for general corporate purposes, including continuing to purchase Bitcoin.
This bond will mature on 3/1/2030, unless it is redeemed, converted or exchanged earlier. At maturity, the Strategy may pay in cash, Class A common stock, or a combination of both. Additionally, the company will also issue a right to purchase an additional $300 million in bonds to the initial investors within five business days after the issuance.
Details: MicroStrategy Raises $2 Billion to Buy Bitcoin
YZi Labs (Binance Labs) Invests in Vana (VANA)
YZi Labs, formerly Binance Labs, has invested an undisclosed amount in Vana, an AI and blockchain-based startup focused on data ownership.
According to the announcement on 2/24, Binance co-founder Changpeng "CZ" Zhao, who is now actively involved in YZi Labs after the company rebranded from Binance Labs, has joined Vana as an advisor.
Details: YZi Labs (Binance Labs) Invests in Vana (VANA)
MicroStrategy Buys $1.98 Billion in Bitcoin
MicroStrategy, the world's largest corporate holder of Bitcoin, announced on Monday that it has added 20,356 BTC, worth approximately $1.98 billion, to its investment portfolio.
Notably, this is the 14th consecutive time that MicroStrategy has increased its Bitcoin holdings. Previously, the company had made a Bitcoin purchase worth around $742.4 million.
Details: MicroStrategy Buys $1.98 Billion in Bitcoin
Ethereum to Begin Testing Pectra Upgrade on February 25
Ethereum will deploy the Pectra upgrade on the Holesky testnet on the early morning of February 25, paving the way for testing new features before implementing them on the mainnet. This update introduces a new validator reward mechanism, improves account functionality, and optimizes Layer-2 scalability.
According to the Ethereum Foundation, Pectra will be activated at epoch 115,968 on Holesky. If the upgrade process goes smoothly across all testnets, this epoch will be selected for deployment on the mainnet. Pectra brings three key improvements: enhanced Ethereum account functionality, support for Layer-2 scaling, and an improved validator experience.
