BNB breaks through the $700 mark

On February 13th, according to CryptoSlate, Sora Ventures and its subsidiaries have taken over the board of directors of Hong Kong based Bitcoin company HK Asia Holdings from February 12th, 2025, marking a shift from shareholding to direct management. The new board of directors includes twelve directors, including David Bailey and John Riggins from BTC Inc. and Jason Fang from Sora Ventures. The board of directors has audit, compensation, nomination, and ESG committees that cover core management functions. Sora Ventures and BTC Inc. subsidiaries have each acquired one-third of Metaplanet's shares.

Odaily Planet Daily reported that according to Trader T monitoring, BlackRock IBIT had a net outflow of $22.04 million (227 BTC) yesterday, with a trading volume of $1.9 billion.

Odaily Planet Daily News: According to the earnings conference call on February 12th, CME Group, a US derivatives exchange, reported that the platform's cryptocurrency trading volume reached a historic high in the fourth quarter of 2024, with an average daily trading volume of about $10 billion, an increase of over 300% compared to the previous year. In addition, the start of 2025 is strong, with cryptocurrency contract trading volume reaching a historic high in January. Lynn Martin, Chief Financial Officer of CME, stated during a conference call that overall, encrypted derivatives are "one of the contracts with the largest growth this year". CME CEO Terry Duffy added that although there is a demand from the outside world for CME to list more types of cryptocurrency products, we need to negotiate and cooperate with the US SEC to ensure that they have a clear understanding of what securities are and what not. In January of this year, as retail investors became increasingly interested in cryptocurrency derivatives, CME announced the launch of options linked to its small Bitcoin futures. （Cointelegraph）

Odaily Planet Daily News: Hive Digital, a data center infrastructure provider, reported an increase in revenue and revenue in the last quarter of 2024, thanks to its record high Bitcoin reserves and expanding high-performance computing (HPC) business. In the quarter ending December 31st, Hive's revenue from cryptocurrency mining and HPC hosting services reached $29.2 million. Its HPC business generated quarterly revenue of $2.5 million and an annualized operating rate of $10 million. The adjusted earnings of the company are $17.3 million, with a net income after tax of $1.3 million. Hive mined 322 BTC this quarter, increasing its "holding" position to 2805 BTC. As of the end of this quarter, the BTC value on its books was $260.8 million, a year-on-year increase of 263%. According to industry data, Hive is one of the 15 largest Bitcoin holders in the world among listed companies. According to Darcy Daubaras, Chief Financial Officer of Hive, the company held $270.7 million in cash and cryptocurrency at the end of this quarter. （Cointelegraph）

According to Foresight News, Lens Chain tweeted that it plans to use Aave stablecoin GHO as a protocol gas fee to ensure predictable, stable, and cost-effective transaction fees.