News
S&P Global suggests that spot ether ETFs may heighten the concentration risk for Ethereum. Link
VanEck's Bitcoin ETF experienced a 2,200% surge in trading volume within a single day. Link
Circle has announced a phased discontinuation of USDC on the TRON blockchain. Effective immediately, the minting of USDC on TRON will cease. However, transfers and redemptions of USDC on TRON will proceed as usual until February 2025. Further details can be read in their announcement. Link
Arkham reports that at 22:11 UTC+8 on February 21st, Grayscale moved 3,164.6 BTC to the Coinbase Prime Deposit address, valued at about $161 million. Additionally, 1,674.8 BTC were transferred to a new address, suspected to be Grayscale's updated custody address. Link
Projects
YugaLabs - Yuga Labs, a leading NFT company, has appointed its co-founder Greg Solano, also known as Garga, as the new CEO, replacing former Activision Blizzard executive Daniel Alegre. Link
Terra - The High Court in Podgorica has decided to extradite Kwon to the U.S., turning down South Korea's extradition request for the former executive, as reported by the local media outlet Pobjeda. Link
Lido - Lido has integrated 1inch as an additional exchange aggregator, reducing the withdrawal time for users unstaking their stETH or wstETH. This integration allows for quicker conversions of stETH and wstETH to Ethereum, Arbitrum, Optimism and other chains. Link
PudgyPenguins - The latest Pudgy Toys collection, part of Pudgy World, is now on sale in 3,100 Walmart stores across the USA. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.