SEC Drops Case Against Consensys

️ On today's Top Picks:

Crypto News

• ⭐️ Consensys & US SEC reach agreement to dismiss securities enforcement case against MetaMask; SEC sued Consensys in June 2024 for alleged securities law violations.

• ⭐️ US SEC says memecoins are generally NOT securities and are like collectibles; still warns that not all memecoins are exempt from securities laws.

• US Representative Sam Liccardo introduces MEME Act to block US politicians from issuing memecoins; the bill would also force US President Trump to give up profits from $TRUMP & $MELANIA.

• Ethereum Foundation $ETH establishes the Silviculture Society, "a loose collection of individuals from outside the Foundation who provide informal counsel to the EF."

• CME Group to launch Solana $SOL futures on March 17th; to offer both micro-sized contract (25 SOL) and larger-sized contract (500 SOL).

• Grayscale Smart Contract Fund rebalances & now includes Solana $SOL 31.30%, Ethereum $ETH 31.22%, Cardano $ADA 18.23%, Avalanche $AVA $7.26%, Sui $SUI 6.50%, Near $NEAR 2.95%, and Polkadot $DOT 2.54%.

• Bitwise registers Aptos $APT ETF entity in Delaware; signals it is preparing to file an S-1 registration with the US SEC.

• US Judge dismisses SEC case against Richard Heart; SEC has 20 days to file an amended complaint.

Alpha

• Movement to launch public mainnet very soon; waiting on gnosis safe precautions to clear.

• ⭐️ MetaMask to add support for Bitcoin in Q3 & Solana in Q2, overhaul UI/UX, eliminate gas fees with account abstraction, and more.

• Base to launch Flashblocks on mainnet in Q2; claims to bring effective block times from 2 seconds down to 200 milliseconds.

• Soneium completes OG Badge snapshot; to award Premium OG Badge to users who bridged 1 ETH, or ~70K ASTR, or $2.5K USDC; to drop badges next week.

• Reddio posts, "After 3 months of stable operation on our parallel EVM testnet, it's time to move to the next phase."; to potentially launch mainnet soon.

• OpenSea adds support for Unichain; OpenSea 2 XP program ongoing.

• Resolv updates points system; removes Power User, Hyperliquid Power User, & Dinero Power User boosts; adds Ticker is $RESOLV boost for everyone.

Airdrops

• ⭐️ Linea $LINEA updates: no set timeline for TGE & airdrop, to release tokenomics soon, finalizing data analysis to remove sybils, LXP & LXP-L are important, but multichain activity also valued.

• Kelp delays $KERNEL airdrop to early March; to launch airdrop checker next week.

• Mint to launch $MINT airdrop checker on March 1st; MintID NFT stakers, Mint Forest users, Mint Expedition MP & NFT holders, Mint Big Bang winners, & NFT Legends Season Unboxed users to be eligible.

• StakeStone hints at upcoming snapshot; to potentially launch $STO TGE & airdrop soon.

• Milkyway completes mPoints snapshot; to potentially launch $MILK TGE & airdrop soon.

• Binance launches MyShell $SHELL HODLer Airdrop; BNB Simple Earn and/or On-Chain Yields subscribers from February 14th to February 18th are eligible.

• ICYMI Multipli Airdrop Strategy by Earndrop.

Finance News

• ~$825B added to the US stock market today; ~$927B was wiped from the stock market last Friday.

• BRICS declares it will not stop de-dollarization efforts; US President Trump warned BRICS nations of 100% tariffs if they attempt to replace the US dollar in January.

• MetaPlanet to raise$13.3M through bond issuance to buy more Bitcoin $BTC; holds 2,235 BTC worth ~$188M.

• Bitdeer $BTDR buys 100 Bitcoin $BTC for $8.58M at ~$85,877 per BTC; hold 911 BTC worth ~$76M.

• Intel $INTC delays $28B Ohio chip factory to 2030; financial woes reportedly the reason for the delay.

Security and Exploits

• ⭐️ Bybit hackers have moved ~$480M of the stolen Ethereum $ETH to Bitcoin using ThorChain $RUNE; ThorChain faces mixed reactions, criticism for inaction & support for upholding decentralization.

• Suji Yan, Founder of Mask Network & Firefly, hacked for ~$4M of crypto; unclear if due to private key leak or offline attack at private gathering.

• Revoke[.]cash adds support for Ronin.

• Tuta & VPN Trust Initiative raise concerns over proposed laws in France; laws would force backdoors to encrypted messaging systems and restrict internet access.

Token Unlocks

• ZetaChain $ZETA / ~$13M / MAR 01st
• Ethena $ENA / ~$16M / MAR 02nd
• Sui $SUI / ~$114M / MAR 03rd
Sourced from Tokenomist

Funding

• Orochi raises $12M in funding from several investors.

• Lockchain raises $5M in Series A funding led by White Star Capital.

• Shaga raises $4M in Seed funding led by IOSG Ventures.

• Finisterra Labs raises $3.75M in Seed funding led by Huan Ventures.

• FanTV raises $3M in Strategic funding from several investors.

• Endless raises $1M in Strategic funding from Foresight Ventures.

• Spheron raises an undisclosed amount in Strategic funding from several investors.

• Electron raises an undisclosed amount in Strategic funding from Stake Capital.

• Optimum raises an undisclosed amount in Angel funding from several investors.

The Degen Farmer