Selected News:

1. ARKM has broken through $1.55 in a short period of time, reaching a new historical high;

2. The Pandora team cast 100 PANDORA tokens 5 hours ago and transferred them to Wintermute Trading.

3. Ordinals Developer: Runestone The airdrop window is expected to be between Friday and next Wednesday;

4. Merlin Chain mainnet released within 14 days, with TVL nearly reaching 2 billion USD, surpassing Blast;

5.Matrixport: Bitcoin is expected to rise to $63,000 in March.

Price Observation

OX short-term breakthrough $0.012, 24-hour increase of 18.48%According to market data, the native token OX of the encryption claims and trading platform OPNX has broken through $0.012 in a short time and is currently priced at $0.01176, with a 24-hour increase of 18.48%.

Bitcoin falls below $51,000According to OKX market data, Bitcoin has fallen below $51,000 and is currently priced at $50,925, with a 24-hour decline of 1.67%.

AXL rose to a record high of $1.52, with a 24-hour increase of 19.3%.

According to Bitget market data, Axelar Network (AXL) has surged to a historic high of $1.52, with a current price of $1.518 and a 24-hour increase of 19.3%.

Persona series NFT ended public sale at a single price of 0.29 ETH, and Blur is now trading at a floor price of 0.51 ETH

According to the official website, the Persona series NFT ended its public sale with a maximum price limit of 0.29 ETH per token.

According to Blur data, the floor price of Persona series NFT is currently at 0.51 ETH, and the trading volume on the first day has reached 967.68 ETH.

ARKM short-term breakthrough $1.55, creating a new historical high

According to market data, ARKM has broken through $1.55 in the short term and is now slightly falling to $1.5217, with a 24-hour increase of 32.33%, reaching a new historical high.

Transaction Tracking

A certain whale spent 1.37 million USDC to buy 71.45 PANDORA

According to Lookonchain's monitoring, a whale has spent 1.37 million USDC to purchase 71.45 PANDORA tokens, with an average price of 19,268 USD.

Market maker Auros Global has accumulated a total of 540,000 WLD tokens, equivalent to approximately $4.36 million, from CEX platforms in the past three hours.

According to monitoring by @ai_9684xtpa, in the past 3 hours, one of the market makers for WLD, Auros Global, has accumulated a total of 540,000 WLD tokens worth $4.36 million from Binance, OKX, and Bybit.

Auros Global received 24 million tokens for market making during the early launch of WLD, and currently still holds 700,000 tokens, worth $5.68 million, which is its top holding asset. Influenced by OpenAI's video generation model SORA, WLD has risen by 114% in the past seven days.

A certain whale withdrew 5.49 million ALT from Binance 2 hours ago, becoming the second largest individual/institutional address holding ALT

According to on-chain analyst Yu Jin, 2 hours ago, rochee.eth withdrew 5.49 million ALT (worth $3.1 million) from Binance. This address now holds the second largest amount of ALT, excluding project contract addresses and exchange addresses.

Pandora team minted 100 PANDORA 5 hours ago and transferred them to Wintermute Trading.

According to Lookonchain monitoring, the Pandora team minted 100 PANDORA tokens ($1.8 million) 5 hours ago and transferred them to Wintermute Trading.

PANDORA、UNI、DYDX ranked among the top inflows in the Smart Money 24-hour list.

According to Nansen 2 data, the Smart Money 24-hour fund inflow tracking list on the Ethereum network is as follows:

Several KuCoin users have reported on social media that the platform has frozen their assets and prevented withdrawals without reason.

According to a report by IBTimes, some users of the cryptocurrency trading platform KuCoin have revealed on social media that they are unable to withdraw funds from the platform.

Posts about the KuCoin issue began to appear on Reddit this Wednesday. A Reddit user stated that their withdrawal initiated in December last year was blocked multiple times, and their funds are still locked up to this day. KuCoin has not provided any updates or statements regarding this issue, only sending emails requesting the user to submit relevant documents. However, the user suspects that this is just a way for KuCoin to delay the process. KuCoin claims that they received a report stating that the user was involved in some [fraud/theft of tokens/hacking attacks], and there is sufficient evidence, but they have not presented it. In addition, similar users on platform X have also spoken out since Monday of this week.

Blueberry Protocol has been hacked and the protocol is currently suspended.

DeFi lending protocol Blueberry Protocol posted on social media that the protocol has been attacked due to a code vulnerability. The team is communicating with security personnel and will attempt to contact the attacker to return the remaining 91 ETH. The protocol has been suspended until further notice.

The affected markets include BTC, OHM, and USDC. All other markets are not affected during the exploitation and remain safe due to the suspension of all contracts.

Galxe: Scroll Saga activity is currently on hold

Web3 community platform Galxe posted on social media that the Scroll Saga event is currently on hold. The official statement indicates that while it provides a foundation for community participation and project development, the creative direction and event details are still in the hands of the creators.

Ronin Co-founder Jihoz's personal account was hacked, emphasizing that company operations and security were not affected

Ronin Chain co-founder Jihoz announced that his two personal addresses have been subject to security attacks. Jihoz emphasized that this attack is limited to his personal account and is not related to Ronin Chain's validation or operational activities. At the same time, the leaked keys have no connection to Sky Mavis' operations. Jihoz assures the community that strict security measures have been put in place for all on-chain activities.

CeFi Information

OKX will launch 1-20x U-based perpetual contract trading for T and ICX

According to official sources, OKX will launch 1-20x U-based perpetual contract trading for T and ICX at 14:30 and 18:30 Beijing time on February 23.

Viewpoint Data

Data: Net inflow of $251.4 million for US Bitcoin spot ETF yesterday

According to data from Farside Investors, the net inflow of the US Bitcoin spot ETF was $251.4 million on February 22nd.

· Grayscale GBTC saw a fund outflow of $55.7 million in grayscale.

· BlackRock IBIT saw a capital inflow of $125.1 million;

· Fidelity FBTC saw a net inflow of $158.9 million in funds.

Bitget Daily Contract Information: BTC/ETH long/short ratios are 50.12%/49.88% and 50.17%/49.83%

In the past 24 hours, the BTC futures market has experienced a series of long position liquidations due to a previous decline, while the ETH futures market has seen more short position liquidations due to expectations of spot ETFs. BTC and ETH, as major cryptocurrencies, still dominate the market. Investors maintain a balance between long and short contracts.

Regarding BTC contracts, the total position of BTC is 23.38 billion US dollars (-0.44%), the 24-hour trading volume is 45.67 billion US dollars (-25.06%), and the 24-hour liquidation volume is: long 21.49 million US dollars, short 9.42 million US dollars (short), the long-short ratio is 50.12%/49.88%, and the funding rate is 0.0108%.

Regarding ETH contracts, the total position of ETH is 10.67 billion US dollars (+1.07%), the 24-hour trading volume is 36.57 billion US dollars (-7.04%), and the 24-hour liquidation volume is: long 11.37 million US dollars, short 18.99 million US dollars, with a long/short ratio of 50.17%/49.83%, and a funding rate of 0.0121%.

The top three tokens with the highest increase in contract positions are SPELL: $31.98 million (+565.89%), LIT: $14.54 million (+86.68%), and AXL: $7.11 million (+67.79%).

9 Bitcoin spot ETFs saw a net inflow of 4832 Bitcoins yesterday.

According to data from HODL15Capital, 9 Bitcoin spot ETFs saw a net inflow of 4,832 Bitcoins yesterday. Currently, these 9 Bitcoin spot ETFs have seen a total inflow of 287,357 Bitcoins since their launch, with a net inflow of 113,537 Bitcoins.

JPMorgan: Correlation between Bitcoin Price and ETF Fund Flow is Decreasing

JPMorgan Chase said that the relationship between the price of Bitcoin (BTC) and the inflow and outflow of spot ETF funds is not as closely related as before. Analyst Ken Worthington stated in a report to JPMorgan Chase clients on Thursday morning that the correlation between the two asset classes fell to 0.60 on Wednesday, which is lower than the 0.78 on February 7 and even lower than the 0.84 on January 31.

Last week, funds accelerated into Bitcoin spot ETFs, with investors injecting a record-breaking $2.4 billion into these funds. The inflow of funds is still dominated by BlackRock's IBIT and Fidelity's FBTC. In recent days, the inflow of funds has slowed down, and Bitcoin's sideways trading in the past few trading days may be a trigger for the slowdown in fund inflows.

Solana NFT trading volume exceeds $5 billion

The decentralized perpetual contract trading platform OX.FUN, initiated by Zhu Su (@zhusu), has completed a new round of financing with a total amount of 4 million US dollars. This round of financing was led by Foresight Ventures, with participation from Double Peak Group, EmChain, Genblock Capital and other institutions. The funds raised in this round will be used for product iteration, team building, and market expansion. OX.FUN is an innovative perpetual contract trading platform that uses OX as the underlying collateral for contracts and adopts the OX&MILK dual token model, allowing investors to receive tokens regardless of profit or loss. Since its launch, the platform's trading volume has exceeded 20 billion OX and deposits have exceeded 1.5 billion OX.

Cryptographic infrastructure provider Januar ApS completes €1.5 million financing, with participation from Skyfall Venture and others

Encryption infrastructure provider Januar ApS has completed a €1.5 million seed round extension financing, with participation from Skyfall Ventures, CMT Digital, Third Prime, and Chainalysis co-founder and CEO Michael Grønager, among others. The total amount raised in its seed round has now reached €7.5 million. The funds raised will be used to launch new products and expand its market services.

Januar ApS was founded in 2021 with the aim of bridging the gap between traditional financial systems and the decentralized future financial market.

Institutional-grade DeFi privacy layer Singularity completes $2.2 million financing, led by Gumi Cryptos Capital

Organizational-level privacy DeFi access layer Singularity has completed a new round of financing of $2.2 million, led by Gumi Cryptos Capital, with participation from Nomura Securities' digital asset subsidiary Laser Digital, Eureka Partners, Apollo Crypto, Digital Asset Capital Management, and Gandel Invest. To date, Singularity has raised nearly $4 million in total funding. It is reported that these funds will be used to support protocol development, promote compliant access to DeFi, and ensure the commercial confidentiality of on-chain activities.

It is reported that Singularity is the first DeFi infrastructure protocol that utilizes Noir zero-knowledge circuits, dedicated to providing privacy DeFi access services for institutional users. The protocol will integrate more DeFi protocols and expand user strategy choices.

Regulatory News

New Fire Technology: FTX's expected recovery rate for compensation funds has increased to about 70%

Hong Kong-listed company New Fire Technology announced that the market price of FTX deposit refundable amount is based on the valuation of the exclusive agent's written offer received by the company in early October 2023, minus agency fees and other professional expenses, and the net amount that can be recovered is about 39.4% of the original amount.

With the recovery of the cryptocurrency market, the company has received several competitive offers from potential transferees regarding the transfer of FTX claims. If the FTX claims can be transferred by the relevant transferees, the amount that can be recovered will increase from approximately 39.4% in September 2023 to approximately 70% in January 2024. It is reported that the frozen asset value of Nova Tech on the FTX exchange is HKD 141.7 million.

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