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Cryptocurrency project Ethena has now raised $100 million to fund the launch of a similar token for the traditional Financial Institution Group. According to a person familiar with the matter, the financing, which was not previously reported, was completed in December and attracted investors including Franklin Templeton and F-Prime Capital, a venture capital firm owned by Fidelity Investments.
On February 24th, Christian, the founder of Infini, said in the community that the current withdrawal is normal, and the personal funds are advanced first.
U.S. stocks continued to decline, with all three major indexes down more than 1%. So far, the Nasdaq is down 1.35%, the Dow is down 1.28%, and the S & P 500 is down 1.06%. Tesla is down more than 4%, and Google and Amazon are down more than 2%.
Ethena Labs posted, "We are aware of the current situation at Bybit and will continue to monitor developments. A reminder: All USDe-backed spot assets are held in OTC custody solutions, including ByBit through Copper Clearloop, for precisely this reason. No exchange (including Bybit) holds a dollar of spot-backed value. Currently, the total unrealized gain and loss associated with Bybit's hedged positions is less than $30 million, less than half of the reserves. Currently, USDe's collateral rati...
Slow Mist Cosine published an analysis on the X platform saying that although there is no conclusive evidence yet, the security incident of Bybit is in line with the characteristics of the North Korean hacker gang from the perspective of the attacker's intrusion method against Safe multi-signature and the current way of money laundering. Cosine cited the previous case of Radiant Capital being hacked by North Korea.
FTX creditor representative Sunil revealed that users in five regions including Russia, China, Egypt, Nigeria and Ukraine are temporarily unable to participate in FTX bankruptcy estate distribution. Among them, China has the largest number of users, accounting for 8% of the total number of FTX users. FTX is reviewing relevant solutions.
ZK Nation announced in a post on the X platform that the voting period for ZIP-6 is scheduled to end at 18:15 UTC on February 27 due to the current voting quorum. It is reported that the proposal will upgrade the governance contract and redeploy all governance contracts, including those related to the ZKSYNC protocol upgrade mechanism, namely the protocol UpgradeHandler, which is responsible for executing the protocol upgrade of Ethereum approved by the Token Assembly.
Ethereum co-founder Vitalik Buterin wrote that there is currently no so-called "ETH 3.0". Although Justin Drake's five-year plan is often mistaken for ETH 3.0, the plan involves only the consensus layer, not the execution layer. Regarding the relationship between L1 and L2, Vitalik pointed out that there is currently a clear roadmap, including improving L1 performance (increasing gas limit, introducing verkle trees, etc.), enhancing cross-L2 interoperability, and optimizing blob space. Vitalik's...
Santiment said in a post on X that the average fee for Ethereum transfers is currently only $0.41, compared to a high of $15.21 in the past two years. When Ethereum transaction fees are low, it usually means the network is not overcrowded. When users transfer ETH or tokens without paying high fees, this is usually a good sign for the medium- and long-term price outlook...
xAI engineers say the Grok voice assistant is currently being refined and will be available to users in the coming weeks.
At present, Baidu search is grey release test access DeepSeek and Wenxin Yanyan deep search function, some users can experience. Baidu said that it is expected to be launched at 0:00 on the 18th. Users can click "AI +" on the homepage of Baidu PC to enter the AI search, open the "Deep Thinking R1" button at the bottom of the box to switch to the DeepSeek R1 model; or enter any search term in the Baidu APP. After completing a round of search, click "AI +" on the search results page to enter the A...
Shaw, the founder of ai16z, said in a social media post that unauthorized posts are currently being posted on my X account and a solution is being processed. Please do not click or buy anything.
Max Burwick, managing partner of Burwick Law, which is currently suing pump.fun, denied that the firm had any involvement in the launch of the Dogshit2 token, while refusing to reveal who deployed the token. Renowned cryptocurrency analyst Wirelyss accused Burwick Law of launching the token off-chain and passing the blame on to the first purchaser of the token. The Dogshit2 token was previously included in the evidentiary documents of Burwick Law's lawsuit against pump.fun, showing the creation ...
On February 15th, WeChat Search is currently testing the "AI search" function on grey release. After entering the WeChat search page, some users can click on the "Deep Thinking" option provided by DeepSeek-R1.
Federal Reserve Chairperson Powell said that bitcoin is digital gold, and bitcoin is not currently replacing the U.S. dollar, but a strong competitor to gold. In response, Binance co-founder CZ said that Powell's views on bitcoin are improving gradually.
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