Important information last night and this morning (February 26-February 27)

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02-27
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SEC terminates investigation of Gemini Trust, takes no enforcement action

SEC filings show that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation of Gemini Trust Company, LLC and decided not to take any enforcement action.

SEC and Justin Sun, Tron jointly request stay of litigation to explore settlement possibility

U.S. court documents show that the SEC, Justin Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry Inc. have jointly filed a motion with the U.S. District Court for the Southern District of New York to stay the SEC's fraud lawsuit against Sun and Tron to consider "potential resolution".

U.S. Senate's first digital asset hearing: Stablecoin legislation prioritized, market structure regulation delayed

Former CFTC chairman recommends Congress prioritize stablecoin regulation, delay market structure legislation

U.S. Treasury Secretary hires Galaxy Digital advisor Tyler Williams to oversee crypto policy

FBI: North Korean hacker group "TraderTraitor" stole $150 million in crypto assets from Bybit

According to an FBI announcement, the U.S. Federal Bureau of Investigation (FBI) has confirmed that the North Korean hacker group "TraderTraitor" was responsible for the $150 million crypto asset theft from Bybit exchange on February 21. The FBI stated that the hackers have converted some of the stolen funds into Bitcoin and distributed them across multiple blockchain addresses, and are expected to launder the funds through various channels.

The FBI urged RPC node operators, exchanges, DeFi providers, and blockchain analytics firms to block addresses associated with TraderTraitor to prevent the further circulation of the stolen assets. The FBI also listed multiple Ethereum addresses related to the group and called on businesses to cooperate with law enforcement to combat North Korean cyber-criminal activities.

Trump: Will soon announce 25% tariffs on the European Union

Gotbit founder Aleksei Andriunin extradited to the U.S., faces market manipulation charges

U.S. House committee advances bill to repeal IRS DeFi tax reporting rule, industry calls it "unworkable"

Nvidia Q4 revenue soars 78% to $39.3 billion, strong demand for AI chips

Due to surging demand for Nvidia's AI-specialized chips, the company's quarterly revenue grew significantly, exceeding Wall Street expectations. Nvidia's Q4 2025 fiscal year revenue grew 78% year-over-year to $39.3 billion, higher than the market's expectation of around $38 billion. Nvidia's (NVDA.O) Q4 2025 fiscal year net profit was $22.09 billion, compared to the market's expectation of $19.61 billion and $12.85 billion in the same period last year. Nvidia stated that it expects revenue of $43 billion in the first quarter of fiscal 2026, roughly in line with Wall Street's expectation of around $42 billion. Nvidia CEO Jensen Huang said the demand for Blackwell is amazing, as reasoning AI adds another scaling law - increasing training compute makes models smarter, and increasing long-term compute makes answers smarter. Nvidia's stock price rose more than 3.5% in after-hours trading.

Coinbase lists Morpho (MORPHO), supports Ethereum and Base networks

Coinbase announced the listing of Morpho (MORPHO) token, supporting both Ethereum (ERC-20) and Base networks. Users must ensure they are transferring on the correct network to avoid potential fund loss. Morpho deposits are now open, with trading expected to commence at 1:00 AM Beijing time on February 28 (9:00 AM PT on February 27), subject to liquidity conditions.

Coinbase adds Cookie DAO (COOKIE) to its listing roadmap

Ondo Finance partners with Mastercard to bring RWA to MTN

Berachain appoints former Polygon Labs CTO Paul O'Leary as new Chief Technology Officer

MARA Holdings reports Q4 2024 financials, revenue up 37% year-over-year

Bitcoin miner MARA Holdings reported its Q4 2024 financials, with the company's quarterly revenue reaching $214.4 million, up 37% year-over-year, and full-year revenue reaching $656.4 million, up 69% year-over-year. Net profit grew 248% year-over-year to $528.3 million, and full-year net profit increased 107% to $541 million.

Bybit releases hacking forensics report, funds stolen due to Safe infrastructure vulnerability

Safe: External security audits did not find vulnerabilities in smart contracts, front-end, or backend source code

Slowmist confirms Safe developer devices were compromised, front-end injected with malicious code

Circle co-founder: USD stablecoin issuers should register and operate in the U.S.

Circle and Tether have divergent views on U.S. stablecoin regulation

QuickNode launches $65 million Layer 2 accelerator, with participation from Google and Coinbase Ventures

According to The Block, Web3 infrastructure provider QuickNode has announced the launch of the "RollOut" accelerator program, with a $65 million fund, aimed at supporting the next generation of Layer 2 projects. The program will commence in March, providing participants with technical tools, funding support, and industry resources. Collaborators include Google, Coinbase Ventures, Dragonfly, Arbitrum, Chainlink, Fireblocks, and Protocol Labs, among over 30 other institutions.

RollOut is an eight-week program that will offer training in ecosystem building, community development, token economics, and market strategy, as well as data availability grants and security audit discounts for selected projects. QuickNode expects the Layer 2 market to reach $1 trillion by 2030 and hopes to incubate quality projects to drive decentralized application (dApp) innovation through this program.

Crypto Fear and Greed Index drops to 10, a new low since June 2024

According to data from Alternative.me, the Crypto Fear and Greed Index has dropped to 10 (from 21 yesterday), a new low since June 2024, indicating extreme fear.

Phantom acquires SimpleHash to strengthen wallet's real-time token data capabilities

Dfinity founder criticizes Web3 "pseudo on-chain" model, suggests Safe{Wallet} migration to ICP for enhanced security

Crypto gift card platform Raise completes $63 million funding round, led by Haun Ventures

According to Fortune, crypto gift card platform Raise has announced the completion of a $63 million funding round, led by Haun Ventures, with participation from Paper Ventures, Selini Capital, GSR, and Solana co-founder Raj Gokal. The company declined to disclose the valuation for this round.

FTX bankruptcy legal fees are approaching $1 billion, close to the historical level of the Lehman Brothers case

Circle issues another $250 million USDC, Solana's total issuance to reach $8.5 billion by 2025

Bybit hacker continues to launder money, has transferred 206,000 ETH, with 292,000 ETH remaining

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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