BlockBeats will summarize the industry's key news of the week (2.3-2.9) in this article, and recommend in-depth articles to help readers better understand the market and industry trends.

Important News Recap

This Week BTC Drops Below $100,000, Major Altcoins Plunge Over 20%, Resulting in Over 700,000 Liquidations

On February 3, Bitcoin suddenly experienced a sharp drop, briefly falling below $93,000, with a 24-hour drop of 8.3%; subsequently, several altcoins followed suit, some dropping over 20%. On the day of the market's decline, a total of $2.028 billion was liquidated within 24 hours, with $1.766 billion in long liquidations and $270 million in short liquidations. In addition, due to the drastic price fluctuations in the crypto market that day, a total of 700,594 people worldwide were liquidated.

However, due to the extreme price volatility, the data on liquidations is not entirely accurate. Ben Zhou, CEO of Bybit, stated that the actual total liquidation amount in the cryptocurrency market on February 3 far exceeded $2 billion, estimating it to be at least between $8 billion and $10 billion. Bybit alone had a 24-hour liquidation amount of $2.1 billion.

The reason for the inaccurate data is the API limits when the major exchanges push data every second.

Justin Sun and Li Lin Engage in a $30 Million Dispute Over HTX Acquisition, Prepared to Go to Court

This week, TRON's founder and member of the HTX Global Advisory Committee, Justin Sun, posted on social media, stating, "Those familiar with the situation know that Li Lin concealed due diligence materials at the time, creating a $30 million hole internally. After I discovered the manipulation and exposed it, they refused to take responsibility and didn't contribute a cent, so I lent the company the money to fill the gap."

In response to Justin Sun's questioning, Huobi founder Li Lin stated that during the HTX settlement process in October 2022, there was a significant disagreement between the two parties on how to calculate user assets. He had multiple communications with Justin Sun, who explicitly expressed that he wanted to further verify the accounts and clarify the facts. Therefore, this is not a matter of "concealing allocation" or a "funds hole," but rather a misunderstanding of the financial data calculation method during the settlement, as there had been significant changes in key personnel and financial data over the two years since the settlement.

Justin Sun's mentioned "a $30 million funds hole" is essentially a result of the extreme market conditions during the operation of the margin trading business, leading to forced liquidations. During the settlement, this portion of the finances was already processed using company income, and the assets delivered to the seller fully covered user assets, with no such thing as a "funds hole." He fully supports obtaining a fair ruling through the Hong Kong court or a third-party arbitration institution to uphold the legal rights of all parties, rather than unilaterally using social media for judgment.

Binance Caught in Controversies Such as "Wash Trading" and "Sister Coin" - Heco One Clarifies in Space

On February 3rd, in response to the recent phenomenon where new coins listed on Binance in the past year often experienced a "pump at listing," many users believed that Binance's listing standards were opaque, and projects launched seemed to involve "insider deals." Voices accusing Binance of "wash trading" were growing. In light of this, Heco One, co-founder of Binance, called for a Space session to address these market concerns, particularly those related to new listings.

Heco One admitted that there are indeed problems with Binance's listing process, which are influenced by the current market structure and Binance's scale. Although Binance has been researching solutions to this issue internally, including discussions on coin voting and Dutch auctions, they face challenges in selecting projects and balancing regulatory requirements (any listing must come with a regulatory filing). Thus, Binance has not yet found a satisfactory solution and welcomes constructive suggestions from users and investors.

Meanwhile, Jason, the founder of the 29th Binance Launchpad project, Hooked Protocol, stated in Space that he did have a past romantic relationship with Dovey, a co-founder of Primitive Ventures. However, he denied any misconduct between them during the Binance listing process and stated there were no issues of favoritism. Dovey Wan also mentioned in another Space session the following day that she had known Jason, the founder of Hooked Protocol, for many years, and they had exchanged ideas when Jason was just starting Hooked, but they were not in a romantic relationship at the time. When she first invested in Hooked Protocol, the valuation was $30 million, and her lock-up period was the same as other investors. Dovey Wan added that due to her unique role, she did not actively participate in fundraising for Hooked Protocol when it sought funding, and she was also very surprised when Binance announced the listing of Hooked Protocol on Binance Launchpad.

In Space, Heco One mentioned that he no longer holds a position on the YZi Labs investment committee and does not have any investment influence on YZi Labs. The YZi Labs investment committee is mainly chaired by CZ and Ella at present.

SEC Announces Top Ten Priorities of Crypto Working Group, Official Webpage Launched

On February 5th, the U.S. Securities and Exchange Commission (SEC) officially launched a new webpage for its cryptocurrency working group: https://www.sec.gov/about/crypto-task-force, and revealed its top ten priorities. This series of measures signifies a significant shift in the SEC's regulatory strategy towards cryptocurrency assets, moving from previous "enforcement-focused supervision" to a more balanced approach of "guidance and regulation."

Former Deputy Director of Beijing Financial Bureau Sentenced to 11 Years in Bitcoin Money Laundering Case

On February 8, according to Caixin, former Deputy Director of the Beijing Local Financial Supervision and Administration Bureau, Hao Gang, was sentenced to 11 years in the first instance. In addition to being involved in a Bitcoin money laundering case, Hao Gang had also assisted a senior executive of a major Bitcoin mining company in lifting travel restrictions, and received bribes amounting to tens of millions of RMB. The Beijing Second Intermediate People's Court sentenced the defendant Hao Gang to eight years in prison for the crime of bribery and imposed a fine of RMB 500,000; and sentenced him to four years in prison for the crime of money laundering and imposed a fine of RMB 800,000. It was decided to enforce a total of 11 years in prison and impose a fine of RMB 1,300,000. The illegal gains from bribery and interest will be confiscated and turned over to the state treasury.

First Repayment by FTX Set to Start on February 18, 2025

FTX creditor representative Sunil at X revealed that the first FTX repayment will begin at 10:00 AM Eastern Time on February 18, 2025, with priority given to creditors with claims of less than $50,000. The repayment distribution amount will include 100% of the adjudged claim value (up to $50,000), as well as an additional compensation amount of 9.0% annual interest on the adjudged claim value from November 11, 2022, to the initial allocation date.

Berachain Issues BERA Token, Community Criticizes Airdrop Rules

On February 4, the Berachain Foundation officially announced that the Berachain Token Generation Event (TGE) would take place simultaneously with the mainnet launch. On February 6, the Berachain token BERA airdrop query was opened, and the tokenomics were released. The BERA Genesis period has a total token supply of 500 million, with initial core contributors allocated 16.8%; investors allocated 34.3%; community airdrop allocated 15.8%; future community incentive allocation 13.1%; ecosystem and R&D allocation 20%. After the token issuance announcement, several exchanges including Binance, OKX, Bybit, Bitget, Upbit, and Bithumb announced the listing of BERA.

However, the airdrop query has sparked widespread criticism. Many users who were previously involved in interactions expressed dissatisfaction with the airdrop amount, with many in the community stating that their efforts during the testnet participation did not match the rewards received. Related Reading: "Berachain Airdrop Criticized: 'Licking Fur' Studio Almost 'Wiped Out'; Pre-deposit Requires 3-Month Lockup"

Solana Staking Platform Solayer Launches Token

On February 7, according to official sources, Solana staking platform Solayer unveiled the LAYER tokenomics, with a maximum supply of 1 billion tokens and an initial circulating supply of 220 million tokens. LAYER will be distributed through the Emerald Card community sale and a genesis airdrop for early users. The LAYER tokenomics breakdown is as follows: Community & Ecosystem 51.23%; Core Contributors 17.11%; Investors 16.66%; Foundation 15%. Early eligible community members will have their genesis drop unlocked immediately upon launch.

ETH Supply Surpasses Pre-Ethereum PoS Merge Level

On February 5, according to Ultrasound data, the current ETH supply has surpassed the pre-Ethereum PoS merge level. The data shows that the current ETH supply is 120,521,291 ETH, slightly higher than the 120,521,140.92 ETH at the time of the merge on September 15, 2022. Since Ethereum completed the transition to the Proof of Stake (PoS) mechanism, 1,947,607.01 ETH has been burned, while 1,947,757.18 ETH has been newly issued, resulting in a net supply increase of 150.17 ETH.

Bloomberg Criticizes Trump's New Policies Plunging Crypto into Quagmire, Points to Lack of Effective Presidential Oversight in the U.S. System

On February 7, Bloomberg published an article questioning a series of actions in the crypto space by Trump since taking office, suggesting that the Trump administration and its entourage seem eager to establish their crypto empire. The family not only hopes to steer the U.S. towards a more crypto-friendly regulation but also aims to have a stake in the positive outcomes.

At the current (volatile) spot price, the TRUMP holdings of Trump-related entities are valued at around $14.9 billion, with risks that are equally astonishing. As token buyers and industry participants see an opportunity to ingratiate themselves with Trump, cronyism and corruption are bound to increase. Moreover, moral hazards are also present.

When Eric Trump tweeted in a friendly manner suggesting that Ethereum is a good buy, he is by no means a neutral observer—when he removed the phrase "you can thank me later" from his post on X, he seemed to realize this. Meanwhile, the company shifted most of its reserves to Coinbase Global Inc., denying any sell-off plans, but it's hard to assess the specifics of any insider information involved. Trump's tariff policy is definitely not favorable to the crypto market, and Eric Trump's pumping effect is also limited.

Bloomberg believes that oversight of the president's behavior becomes ineffective if regulatory enforcement and strengthening are not carried out, as Donald Trump currently seems undisturbed by any constraints. The series of actions by Trump and Musk is seen as "textbook overconfidence," especially considering Trump was once convicted of fraud.

MicroStrategy Renamed to Strategy, Targets $10 Billion "BTC Earnings" by 2025

On February 6, MicroStrategy Incorporated (Nasdaq: $MSTR) announced that the company is now operating under the name Strategy™. Strategy is the world's first and largest Bitcoin treasury company, the largest independent publicly-traded business intelligence company, and a component of the Nasdaq 100 Index. Strategy (formerly MicroStrategy) has set a 2025 target of $10 billion in "BTC earnings" and has revised its 2025 annual BTC earnings target to at least 15%. The company achieved a 74.3% BTC yield KPI for the 2024 fiscal year and reached 2.9% in Q1 2025.

Several Celebrities' Twitter Accounts Hacked to Promote Meme Coins; Kanye West Says Someone Tried to Scam Users

This week, multiple celebrities from various fields promoted meme coins, with some claiming their Twitter accounts were hacked after the token launch. These tokens often experience rapid pumps and dumps, ultimately resulting in a "rug pull," leaving the meme community players in distress.

On February 8, Kanye West took to social media to reveal that someone proposed a $2 million compensation to him to launch a meme coin to scam his fan community, an offer Kanye himself rejected. According to chat screenshots shared by Kanye, the proposed "collaboration" involved Kanye promoting a rug-pull meme coin, receiving a $750,000 upfront payment, announcing his "account hacked" after 8 hours, and then receiving an additional $1.25 million after 16 hours, with the mastermind behind the scenes claiming the collaboration could yield tens of millions in profit.
Following this revelation, many community users questioned whether previous instances of celebrities promoting coins and having their Twitter accounts hacked were merely coordinated efforts between celebrities and behind-the-scenes manipulators to exploit retail investors.

Top Articles of the Week

"Sun Yuchen's 8 Years in the Coin Circle, a Cryptic Tale of Two Cities"

Justin Sun's influence in the crypto world continues to rise. Recently, he made headlines by splurging $6.2 million on a banana artwork, establishing connections with the Trump family, and getting involved in a financial dispute with Huobi's founder, Li Lin. Meanwhile, the once-touted "Ethereum killer" EOS has been gradually fading into obscurity, with its parent company Block.one accumulating Bitcoin to become the world's second-largest BTC holder. The contrasting fates of these two entities are evident: Tron (TRON) has been experiencing continual growth in its USDT ecosystem and trading volume, while EOS has been marginalized after missing key opportunities. Currently, Justin Sun's wealth and influence are still expanding, while Block.one maintains its capital advantage through Bitcoin reserves. This dual narrative in the crypto industry continues to unfold.

"Crypto Market Liquidated by $2 Billion, What Are the Reasons for the Decline?"

Bitcoin has recently experienced significant fluctuations, dropping below $92,000 in a short period. On February 3, the entire network was liquidated by over $20.28 billion, primarily due to three key factors. Firstly, domestic AI giant DeepSeek triggered market turmoil, with U.S. officials accusing it of "intellectual property theft," causing a slump in tech stocks and risk assets like Bitcoin to follow suit. Secondly, the Trump administration implemented high tariffs, sparking concerns of an escalated global trade war, leading Bitcoin to briefly fall to $91,000. Lastly, El Salvador revoked Bitcoin's legal tender status. Despite the government's continued Bitcoin purchases, market sentiment was dampened, further intensifying the downward pressure on Bitcoin.

"Berachain Airdrop Criticized: Rug Pull Studio Almost 'Wiped Out'; Prepayment Requires 3-Month Lockup"

The Berachain team recently launched an airdrop query tool and released the economic model of its token, BERA, with an initial supply of 5 billion tokens and no maximum supply limit. The token distribution includes core contributors, investors, and the community, with the community part covering airdrops, future initiatives, ecosystem, and development. Berachain is an Ethereum-compatible L1 public chain that adopts a unique PoL consensus mechanism, aiming to promote the development of the decentralized finance ecosystem. The project has raised over $140 million and will be listed on multiple exchanges. However, despite the airdrop event sparking discussions, some users on the testnet have expressed dissatisfaction with the token distribution, particularly raising complaints about the lockup period and airdrop rules.

"Market Manipulation, Retail Harvesting? Wintermute Founder Responds: We Are Not a Charity"

Wintermute's founder Evgeny Gaevoy responded to questions about his company's trading practices and market manipulation, expressing his frustration with online "keyboard warriors." He explained Wintermute's core business of profiting in the market through DeFi, CeFi, and OTC trading, emphasizing that the company does not engage in market manipulation but rather earns profits through market-making strategies and arbitrage. Additionally, he clarified misconceptions about the company's market-making activities, pointing out that the fundamental reasons for price fluctuations in the crypto market are supply and demand dynamics and the macroeconomic environment.

"Is Trump Still Good for the Crypto Community?"

After Trump launched meme coins like $TRUMP and $MELANIA, a significant amount of funds flowed in, leading to liquidity issues in the crypto community. Simultaneously, Trump's policies such as imposing tariffs caused drastic market fluctuations, with mainstream coin prices like Bitcoin experiencing significant drops. Trump's changing stance on cryptocurrency and frequent policy adjustments could bring both new opportunities and increased market uncertainty and risks to the crypto community. Investors need to monitor policy updates and carefully navigate potential future market turbulence.

"6 Young People 'Shake Up' America, Musk Reveals Mystery DOGE Team: Average Age 22"

The "Department of Government Efficiency" (DOGE) led by Musk recently gained widespread attention for shutting down the over 60-year-old U.S. Agency for International Development (USAID). DOGE is composed of a team of young elites, with members mostly aged between 19 and 25, including 19-year-old Edward Kristin, who previously interned at Neuralink, and 23-year-old Luke Faritole, who worked for GitHub. The team's main task is to reshape government institutions through efficient technological means. While the team's youthfulness has drawn media criticism, Musk insists they are world-class software engineers. Whether this core team focused on simplification and high technology can successfully drive government reform remains to be seen.

"28-Year-Old American Guy, Did He Just Coin an Enron with $700 Billion Valuation?"

This article revolves around the New Enron company, telling a story that combines performance art with business. The newly appointed CEO Connor Gaydos staged a social experiment and satire by reviving the bankrupt Enron company, gradually rolling out a series of bizarre business moves such as launching the Enron Nuclear Egg and releasing the cryptocurrency $ENRON, all branded as "performance art." These seemingly absurd actions not only satirize the past Enron tragedy but also prompt reflection on the complexity of information dissemination and public response. In the end, Gaydos successfully shapes himself as an alternative art figure in the Web3 world through these unconventional means.

"48-Hour Rush to Snag 186,000 SOL: Decrypting the Crypto Cultural Experiment Triggered by PAIN"

PAIN is a Meme coin project hatched by Memeland, which raised approximately $38 million in just 48 hours, making it one of the largest Meme coin presales in history. The project team later announced an 80% refund of the funds raised, sparking widespread controversy. Supporters believe that this move reflects an anti-rug pull attitude, while skeptics point out that the refunded funds have depreciated, and the remaining 20% is still sufficient to kickstart the project. PAIN's success was aided by Memeland's resources and celebrity effect, but its long-term development faces challenges, as over-commercialization may weaken its original charm, and Meme coins are highly susceptible to market fluctuations.

"BTC in Sideways Trading, Altcoins Hit New Lows, Has the Bull Market Ended? | Trader's Observation"

The Trump administration had limited impact on the cryptocurrency market, instead bringing negative effects through its macroeconomic policies and trade wars. Rate hikes and a strong U.S. dollar have caused market turmoil, especially with the poor performance of altcoins. Although the meme coin bearing Trump's name brought short-term wealth effects, the market is skeptical about whether the bull market is still intact. While Bitcoin has seen some rebound, overall market sentiment is gloomy, with liquidity shifting to Bitcoin. Macroeconomic data shows a strong U.S. labor market, reducing the possibility of rate cuts, leading to a complex market reaction.

"Is It Time to Exit the Cryptocurrency Market? Nearly 20% of Indicators Have Peaked and Retreated"

Some indicators in the current market have already shown signs of a peak, such as Bitcoin's Rhodl ratio, USDT current account financial rate, and altcoin seasonality index. These signals suggest that the market may be entering an overheated zone, but it does not mean the peak has been reached. Investors should remain vigilant, consider gradually reducing their positions, converting profits to stablecoins or fiat currency, and avoid chasing higher-risk altcoins. Staying rational and exiting in a timely manner rather than waiting for the perfect top is more important.

"How China-Based Developers Endorsed by the Base Founder Went All-In on On-Chain Economy | Base Builder Talk"

The Base ecosystem is rapidly rising in the Ethereum L2 ecosystem, thanks to the efforts of many developers and community members. BlockBeats' latest initiative, the "Base Builder Talk" column, has invited Asian teams and developers deeply involved in Base construction to share their experiences and insights. Onchain researcher Aaros (183Aaros.base.eth) mentioned in the interview that what attracted him to Base was its vision of a "global on-chain economy," especially Jesse's idea of "including not only coders but also creators and community builders." Additionally, Aaros introduced the concept of "cyber reality," believing that on-chain economics is an interdisciplinary fusion that emphasizes a new interactive mode of production and consumption, with the Base ecosystem driving the realization of this new paradigm.

"SEC Announces Top Ten Priorities of Crypto Working Group, Webpage Officially Launched"

The U.S. Securities and Exchange Commission (SEC) recently launched a new cryptocurrency working group and released its top ten priorities, marking a shift in its regulatory strategy from "enforcement" to a focus on "guidance and standardization." The new working group will focus on issues such as the security attributes of crypto assets and cross-border regulatory cooperation, while easing enforcement efforts to create a more flexible regulatory environment for the industry. These changes aim to provide clearer regulatory guidance to investors and entrepreneurs, promote innovation and market development, and ensure effective anti-fraud protection.

"Beyond the Bear Market, Comprehensive Overview of Hot Public Chain Ecosystem Projects Ready for TGE"

After its launch on mainstream trading platforms, Berachain briefly surged above $15 but experienced a rapid billion-dollar trading volume and a significant price drop, demonstrating the market's high volatility. Current popular crypto projects include MegaETH, Monad, Story, and Abstract, among others. The GTE trading platform within the MegaETH ecosystem raised $10 million in funding and attracted market attention through an innovative decentralized trading model. Projects within the Monad ecosystem such as aPriori, Kuru, and Kintsu are dedicated to optimizing network performance through innovative liquidity staking and market mechanisms. The Story platform combines AI with cryptocurrency and has introduced a new form of decentralized IP governance.

"DeepSeek Breaks Through the AI Bubble, Is Crypto AI a Blessing or a Curse?"

The release of DeepSeek R1 and its open-source strategy has transformed the Crypto AI ecosystem, driving the decentralization of AI forward. Its groundbreaking adaptive training approach and low-cost model training have led to a major reshuffle in the Crypto AI market, with many token prices plummeting. However, this has actually paved the way for the long-term development of Crypto AI. DeepSeek R1 has not only challenged traditional closed-source AI models but has also impacted the hardware market, especially NVIDIA's dominant position. Furthermore, DeepSeek's open-source model and new technologies have brought innovation and cost reduction to multiple Crypto AI projects, providing an opportunity for the resurgence of the crypto market.

"New Article by Arthur Hayes: Beyond Bitcoin Reserve Currency, the U.S. Has Other Plans for Cryptocurrency Hegemony"

In this article, Arthur Hayes criticizes two main desires in the current cryptocurrency industry: establishing a Bitcoin Strategic Reserve (BSR) and advancing cryptocurrency regulatory legislation. The author believes that the government's purchase of Bitcoin to hold as a reserve asset may cause market instability due to political motives, and the complexity of crypto regulation will only benefit large centralized companies, harming the decentralized innovation spirit. The article advocates that the truly effective solution should be to treat Bitcoin as a neutral global reserve asset, avoiding reliance on government intervention and promoting a more equitable and meaningful development of cryptocurrency.

"From VC Coins to Meme Frenzy, the Cryptocurrency Market is Exhausted"

This article deeply explores the changes in the cryptocurrency market, especially the fatigue of retail users. It is evident that the shift from a venture capital-dominated market at the beginning of 2024 to the meme coin frenzy has led to retail exhaustion. While meme coins initially provided retail investors with a fairer opportunity, they also became overly speculative, worsening the market situation. Retail users are tired of losses, and the market has become fast-paced and competitive, emphasizing the importance of finding a new balance and calling for more attention to projects with practical applications and fair distribution mechanisms.

"AI Market Cools Down, Is Venice Based on DeepSeek Still an Ideal Pump Target?"

This article reviews the market fluctuations of AI projects, noting that emerging crypto projects often experience pullbacks after rapid growth, a process that helps filter out projects with long-term value. Despite many AI projects experiencing significant market value declines, Venice AI has shown long-term potential with its decentralized, uncensored nature, and innovative tokenomics. However, Venice's launch process has also sparked controversy, especially regarding team operations and transparency.

"WSJ: Making Billions, He Gambled Big on Bitcoin to Turn It Around"

Michael Saylor turned his fortunes around by heavily investing in Bitcoin through MicroStrategy. Despite the company not launching any popular products, Saylor raised funds to support his Bitcoin investment by issuing stocks and bonds, causing the stock price to skyrocket and making him a key figure in the Bitcoin frenzy. Despite the enormous risk and market volatility brought about by this strategy, Saylor remains steadfast in his belief in Bitcoin's scarcity and digital nature, seeing it as a revolutionary hedge against inflation. His company attracts funds through innovative investment tools while facing the risk of Bitcoin price fluctuations, yet its financial position remains relatively stable for now.

"Event Update | Consensus HongKong 2025 to Be Held on February 18-20"

From February 18 to 20, 2025, CoinDesk will host Consensus Hong Kong, bringing together key companies and figures in the blockchain, digital asset, and Web3 fields to drive industry development. The event's themes include the future of Bitcoin, the prospects of decentralized finance, and the evolution of the crypto market, with attendees including the Financial Secretary of Hong Kong and industry leaders from Binance, Solana, Tron, and more. As the official media partner, The BlockBeats will provide readers with exciting on-site coverage. Additionally, several related peripheral events will also take place in Hong Kong during the same period, covering technical exchanges, social gatherings, and industry summits.

"Tutorial | How to Find KOL's Trading Address? With a File of One Hundred KOL Addresses Attached"

The influence of Key Opinion Leaders (KOLs) can significantly impact a project, and understanding their trading activities holds crucial value for investors. Platforms like gmgn and chain.fm can be used to find KOL addresses and analyze them based on their trading styles, win rates, and other data. In addition to conventional public channels, some KOLs share specific trading information on Twitter, and combining this information can help pinpoint their addresses. Once you find a KOL's address, monitoring tools like debot can assist in promptly accessing trading information. For KOLs without publicly shared addresses, tracking their trading activities through breadcrumb analysis can also be effective.

"How is the U.S. Building the Crypto Capital? a16z Releases 11 Articles Explaining"

The U.S. government is gradually adjusting its stance on blockchain and cryptocurrency, taking a more supportive approach, providing clear rules and guidance to help the industry develop. Despite facing multiple challenges in the past, recent measures such as the White House's executive order supporting blockchain development, the SEC establishing a new working group, and Congress advancing relevant legislation demonstrate a more proactive regulatory trend. In addition, industry experts have raised several key issues, including the importance of decentralization, SEC adjustment proposals, and support for the staking industry, all of which provide valuable references for policymakers and drive innovation and leadership in the U.S. crypto field.

"Tokenomics Report: Nearly $70 Billion in Tokens Unlocking in 2025, Meme Average Lifespan Only One Year"

In 2024, Tokenomist's annual report revealed several key trends in the crypto market, such as token unlocking, low-circulating supply high FDV tokens, Memecoins, and the rise of AI proxies. The report highlights that token unlocking activities have a significant impact on market liquidity, especially in large-scale unlocking events such as Arbitrum and Sui, showing different investor expectations in market sentiment and funding rate changes before and after unlocking. Furthermore, Memecoin returns have far exceeded those of Bitcoin and Ethereum, but their long-term success rate is low, with many projects being short-lived. AI proxies combine Memecoins and social media elements, showcasing new trends in the crypto market that are expected to further develop in 2025, bringing new innovations and challenges.

"Decoding Moonshot Listing Data: 50% Face Inevitable Zeroing, TRUMP Emerges as the Strongest Golden Dog"

Moonshot is a Meme coin trading platform based on the Solana blockchain that has attracted a large number of users by simplifying the trading process and offering multiple fiat deposit methods amid a downturn in market sentiment. In the second half of 2024, with the launch of the TRUMP token by Trump, the platform saw a significant increase in trading volume, attracting many new users. However, out of the 116 tokens listed on Moonshot, over 85% of project prices experienced significant declines, with most projects quickly zeroing out in the short term. This demonstrates the high-risk nature of the Meme coin market, where profits from short-term speculation often prove unsustainable, reminding investors to approach market fluctuations rationally.

"Controversy Surrounds megaETH NFT Sale: Giving Back to the Community or Seizing an Opportunity?"

megaETH has announced the launch of a new NFT series called The Fluffle, with a total supply of 10,000 and a price of 1 ETH per non-tradable SBT. Holders will receive a 5% future token allocation, sparking discussions in the market. Supporters believe the valuation is reasonable, with significant growth potential, and the project has rejected high VC investments to give the community a chance. Opponents question whether this is a disguised ICO, selling tokens before the mainnet launch, possibly taking advantage of the bull market to prematurely harvest the community. There are still diverging opinions on the long-term impact of this model on the market.

"Quick Look at Latest Developments of Multiple Crypto ETFs: SEC Review Accelerates, SOL and LTC Ahead in Progress"

The U.S. Securities and Exchange Commission (SEC) has shown a friendlier attitude toward cryptocurrencies under the new government leadership, speeding up the review process for cryptocurrency spot ETFs. Currently, applications for spot ETFs for SOL, LTC, and XRP are progressing ahead, with SOL and LTC each having applications from 5 institutions. The LTC ETFs from Grayscale and Canary and the SOL ETF from Grayscale have been accepted by the SEC. An XRP spot ETF has also been applied for by 5 institutions and is awaiting SEC confirmation. Analysts believe the shift in the SEC's attitude may be related to leadership changes, and there is optimism in the market regarding the approval of the LTC ETF. Additionally, applications for ETFs of other cryptocurrencies such as DOGE and DOT are also progressing.

"YC Spring Startup Guide Released: Besides AI Agent, What Are the Next Trending Tracks for the Next Big Thing?"

This article explores the development trends of Web2 and Web3 AI Agents based on Y Combinator's 2025 spring release of the "Request for Startups." It outlines six major tracks: AI Open-Source Software, Agent Development Tools, Vertical AI Agents, Personal AI Assistants, AI App Stores, and B2A (Business-to-Agent). Web3 endows AI Agents with decentralization, trustlessness, and composability, driving the rise of the AI + Crypto ecosystem.

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