At the close of the US stock market, the Dow Jones Industrial Average fell 1.01%
2025-02-20 21:01
The US stock market closed down, with the Dow Jones Industrial Average falling 1.01%, the Nasdaq falling 0.47%, and the S&P 500 index falling 0.43%.
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18:57
Banks are looking to get started in DeFi - Aya Kantorovich
August Co-Founder and CEO Aya Kantorovich commented on the increased involvement of financial institutions in the crypto market, and how banks are looking to get started with DeFi.
18:45
Shanzhai coins are skyrocketing! Placing orders on multiple accounts to compete in the market and win at the starting line!
Recently, there has been a surge in counterfeit currencies such as IP, S, OM, BERA, and TAO, leading to high market sentiment and accelerated capital rotation. For professional traders, order managers, and institutions, single account trading has significant restrictions and manual operations can easily lead to mistakes and missed opportunities. Placing orders on multiple accounts is a must-have! 💡 Pain Points&Solutions Pain point 1: Single account trading restrictions are large, making it difficult to diversify risks 🔹 Multi account sharding, synchronized operation of multiple accounts, optimized fund management, and reduced exposure risk of a single account Pain point 2: Hot coins rotate quickly and cannot execute strategies efficiently 🔹 Using order tracking mode, one belt multiple, intelligent warehousing, reducing manual operation delay, and executing strategies more quickly Pain point 3: Large trading volume, low efficiency of manual ordering 🔹 Multi account batch ordering+automatic synchronized trading, greatly improving ordering efficiency and reducing repetitive operations Pain point 4: Scattered distribution of funds, difficult risk control management 🔹 Multi account ordering supports panoramic account management, real-time monitoring of all account funds, positions, and profit and loss situations Experience now and seize the benefits of the knockoff season: https://www.aicoin.com/zh-Hans/article/430706
18:33
CZ Suggests Bybit Halt Withdrawals, Offers Help With $1.5B Hack
Binance founder Changpeng Zhao (CZ) has recommended that Bybit should halt withdrawals as a security precaution following Friday's $1.5 billion hack."Not an easy situation to deal with. Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed. Good luck," he wrote in an X post. See all newslettersIn response to concerns that it would stoke further fear, CZ added: "1.5 billion is fear enough. Better to be safe than sorry now."Arkham data shows that Bybit still has $20 billion in assets, and the company's CEO, Ben Zhou, said that the exchange "is solvent even if this hack loss is not recovered."Blockchain sleuth ZachXBT revealed that the hacker is beginning to split up the stolen ether, with two batches of 10,000 ETH being split up across 48 addresses. $200 million worth of mETH & stETH has also already been swapped on decentralized exchanges."We have been monitoring the Bybit incident very closely and will do our best to assist our partners in tracking the relevant funds, providing all the support within our capabilities," Tron founder Justin Sun posted on X.Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms
18:27
U.S. Senators Push for SEC to Rethink Crypto Staking in Exchange Funds
Staking should potentially be added to the menu for crypto exchange-traded funds (ETFs), a bipartisan group of U.S. senators argued in a letter to the Securities and Exchange Commission (SEC) on Thursday.Issuers of crypto ETFs had originally planned to include the staking feature in their fund offerings, but the SEC, under its past leadership, had balked at the idea. The agency, run by Chair Gary Gensler until the administration of President Donald Trump arrived last month, had previously pursued enforcement actions against firms such as Kraken, arguing staking amounted to an unregistered securities offering.See all newslettersThe senators' letter — backed by Cynthia Lummis, the Republican chair of a Senate subcommittee that focuses on digital assets — calls for reconsidering the practice, which involves locking up digital tokens to support blockchain operations in return for rewards. Protocol staking is key to the security of ecosystems such as Ethereum, supporters contend."We encourage the SEC to consider the potential benefit to investors from allowing protocol staking in certain digital asset [exchange-traded products]," the letter to SEC Acting Chairman Mark Uyeda argued. Other Republicans joined Lummis in the correspondence, and so did two Democrats: her usual crypto partner, Kirsten Gillibrand of New York, and also Ron Wyden of Oregon.Staking in Ethereum ETFs Might Be a Question of When, Not If
18:13
BTC short-term breakout, key support pressure is about to erupt!
Recently, the price trend of BTC has fluctuated between 96800 and 99000, falling below the short-term support of 97000 this morning and reaching a low of 96643. Based on the candlestick pattern, bears have a slight advantage. In this wave of adjustment, the main force frequently sold large orders, and the market experienced significant selling pressure. And around 97000, we can observe multiple major buyers intervening in large orders, forming short-term rebound support. With this critical juncture being tested, the market is about to usher in a new round of direction choices. Exclusive for member users: Real time monitoring of major trends, targeting large orders, allowing you to plan ahead and stay ahead of the trend! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.