US Senator Bill Hagerty, who supports cryptocurrency, will run for re-election

Odaily Planet Daily News: According to official announcements, OKX plans to adjust the settlement frequency of the LAYERUSDT perpetual contract's fund fee from every 4 hours to every 2 hours at 12:00 on February 12, 2025. The original fund fee settlement frequency is every 8 hours, and the platform settles the fund fee at 0:00 am, 8:00 am, and 4:00 pm every day. When the settlement frequency of fund fees is adjusted to every 4 hours, the platform will settle fund fees at 0:00 am, 4:00 am, 8:00 am, 12:00 noon, 4:00 pm, and 8:00 pm daily.

Foresight News reported that according to Lookonchain monitoring, the mysterious whale extracted 25306 SOLs (approximately $5 million) from Coinbase three hours ago, which may be used to continue purchasing AI race tokens. Yesterday, the giant whale purchased ARC and AI16Z using 38138 SOLs (approximately $7.8 million).

According to Foresight News, Nate Geraci, President of The ETF Store, stated in an article on X that Schwab is expanding retail stock and ETF trading to 5 days a week, 24 hours a day. This measure shows that traditional finance is gradually moving towards a decentralized finance (DeFi) trading time model, and in the long run, it may move towards comprehensive securities tokenization.

Odaily Planet Daily News: Aave's dominant position in the DeFi lending field seems to be facing fierce competition. According to data compiled by Token Terminal, the net deposits of Kamino, a DeFi project on the Solana chain, have increased by 1368% since January 2024, while the net deposits of Morpho have increased by 214% during the same period. Meanwhile, Aave's net deposit growth rate is approximately 213%. This week, Aave founder Stani Kulechov criticized Kamino on X, stating that the project is a "copycat" of Aave's "old technology" and uses a "half baked" user interface. His post sparked rebuttal from Solana community members, including Solana co-founder Anatoly Yakovenko, who believed that Kamino was better. Another early member of the Aave development team, Marc Zeller, has also been criticizing the practices of other DeFi projects when they encounter problems. Although Kulechov criticized Kamino, he admitted in a recent podcast that "overall, the more developers on the chain, the better. It doesn't matter where they start or end. I would be happier if Solana had more developers to build resilient, secure, and secure DeFi." (Bloomberg)

According to official announcements, OKX will soon launch PI (Pi Network). Pi Network is a social cryptocurrency, developer platform, and ecosystem designed to achieve widespread accessibility and real-world utility. The specific schedule is as follows: 1. PI coin deposit opening time: 10:45 am on February 12, 2025 (UTC+8) 2. PI call auction time period: 3:00 pm to 4:00 pm on February 20, 2025 (UTC+8) 3. PI/USDT spot trading opening time: 4:00 PM on February 20, 2025 (UTC+8) 4. Open withdrawal time for PI: 4:00 PM on February 21, 2025 (UTC+8) Announcement link: https://www.okx.com/zh-hans/help/okx-to-list-pi-pi-network-for-spot-trading