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Michigan Introduces Bill for Strategic Bitcoin Reserve

Michigan is the latest state in the US to introduce a bill for a strategic Bitcoin reserve, making it the 20th state to do so. Representatives Bryan Posthumus and Ron Robinson presented HB 4087 on Feb. 13 to establish a strategic Bitcoin reserve under the state’s Management and Budget Act. The bill allows Michigan's treasurer to invest in crypto from the general fund and economic stabilization fund, with a maximum of 10%. There are currently 20 US states with pending legislation for state crypto investments, following Texas' lead. Posthumus also suggested the creation of "MichCoin," a stablecoin tied to the state's gold and silver reserves.

2025-02-14 13:54:04

Michigan introduces cryptocurrency reserve bill, allowing state government to invest no more than 10% of total crypto assets

according to Cointelegraph, Michigan State Representatives Bryan Posthumus and Ron Robinson submitted HB 4087 on February 13th, aiming to amend the state's "Management and Budget Act" to establish a Bitcoin strategic reserve.

2025-02-14 13:54:03

New York Times: Airbnb co-founder will participate in Musk's government plan

Golden Finance reported that, according to The New York Times, billionaire and Airbnb co-founder Joe Gebbia is reportedly set to participate in Musk's government plan. (Golden Ten)

2025-02-14 13:54:01

US Vice President threatens sanctions and possible military action if Russia doesn't reach peace deal

according to The Wall Street Journal: U.S. Vice President Pence said on Thursday that if Russian President Putin does not agree to a peace agreement with Ukraine that guarantees long-term independence for Ukraine, the United States will impose sanctions on Russia and may take military action. If Russia does not negotiate sincerely, the option of sending troops to Ukraine is still "on the table."

2025-02-14 13:54:00

The 205th Ethereum ACDE meeting: Pectra upgrade is expected to be launched on the mainnet on April 8

 according to Christine Kim's summary of the 205th Ethereum Core Developers Meeting (ACDE), the main topics discussed at this meeting were: Pectra upgrade timeline (Holesky and Sepolia testnets are scheduled to be upgraded on February 24 and March 5 respectively, if the testnets go smoothly, the upgrade will take place on the mainnet on April 8), Fusaka upgrade plan (discussion on accelerating the Ethereum upgrade process, Tim Beiko finally decided to lock in the scope of Fusaka on April 10), and EOF update (debate on whether EOF should be implemented together with PeerDAS and whether it should be included in Fusaka; EOF stands for EVM Object Format, which made some changes to Ethereum's code execution environment).

2025-02-14 13:53:59

Musk changes X's profile to "Volunteer Technical Support"

 according to relevant page information, Musk changed his X personal profile to "Volunteer Tech Support".

2025-02-14 13:53:56

El Salvador's President meets with MicroStrategy founder Michael Saylor to discuss Bitcoin-related issues

according to the Bitcoin Office of El Salvador, President Nayib Bukele met with MicroStrategy founder Michael Saylor at the presidential palace today to discuss Bitcoin-related issues.

2025-02-14 13:53:55

AB Ecosystem Fund Launches Web3 Cinema Project to Drive Decentralization in the Film Industry

Recently, the AB Ecosystem Fund announced a partnership with leading global film investment, distribution, and copyright companies to launch the Web3 Cinema Project. This initiative aims to provide native crypto content for Web3, pioneering Web3-based copyright revenues and box office models, and exploring the decentralization of the film industry.

Targeting nearly 600 million crypto users worldwide, the project seeks to establish a decentralized content distribution and copyright trading system, creating a new market and viewing experience. The project will debut on the AB public chain, featuring multiple award-winning films, fostering the development of the Web3 film ecosystem. Additionally, it will explore Web3-based mechanisms for distributing movies, TV shows, and other audiovisual content, introducing an innovative business model that provides fair and sustainable revenue streams for global content creators.

$AB ($NEW) tokens will soon be listed on more exchanges to expand global reach. Stay tuned for upcoming exchange partnerships and ecosystem development plans!

Stay Updated on AB DAO

· AB Official Website: https://ab.org

· Telegram Community: https://t.me/Newtonproject

· Telegram Channel: https://t.me/AB202528

· X (Twitter): https://x.com/newton_project

· Discord: https://discord.com/invite/BSbgK6J

2025-02-12 21:51:11

zkLend announced this morning that it had encountered a security incident and the team has urgently suspended the withdrawal function of the protocol

According to official announcement, the Starknet ecological lending protocol, zkLend, announced this morning that it has encountered a security incident. The team has urgently suspended the protocol's withdrawal function and urged users to suspend deposit and repayment operations to prevent further losses. The zkLend team stated that they are investigating the root cause of the attack and will release further updates after determining the specific situation.

2025-02-12 13:20:23

BTC falls below $95,500

according to the market, BTC has fallen below $95,500 and is now trading at $95,442.16, with a 24-hour decline of 2.38%. The market is volatile, so please be prepared for risk control.

2025-02-12 13:20:18

Unichain’s active addresses in the past 24 hours reached 11,900, a 611% increase from the previous month

 Nansen stated on social media that the Unichain mainnet has gone live. In the past 24 hours:

2025-02-12 13:20:16

Forbes reporter: The SEC’s response to Coinbase’s appeal this week will be an important indicator of its stance on crypto regulation

Fox Business reporter Eleanor Terrett revealed that the SEC will respond to Coinbase's appeal on February 14. Previously, Judge Failla had approved Coinbase's intermediate appeal on whether digital assets on its platform are subject to existing securities laws.

2025-02-12 13:20:14

The ETF Store President: Charles Schwab to launch 24/5 trading service

On February 12th, The ETF Store President Nate Geraci posted on social media that Schwab plans to extend retail stock and ETF trading hours to five days a week, 24 hours a day. Geraci stated that this move shows that traditional finance is gradually moving closer to the decentralized finance (DeFi) trading model, and in the long term may move towards comprehensive securities tokenization. Geraci further pointed out that although some believe investors should not be able to trade at any time, the new generation of investors values the accessibility of trading, rather than arbitrary restrictions based on personal opinions.

2025-02-12 13:20:12

Aave co-founder accuses Kamino of imitating Aave, Solana co-founder refutes

On February 12th, Aave's leading position in the DeFi lending field seems to be facing fierce competition. According to data compiled by Token Terminal, Solana-based DeFi project Kamino has seen a 1,368% increase in net deposits since January 2024, while Morpho has seen a 214% increase in net deposits during the same period. At the same time, Aave's net deposit growth rate is around 213%.

2025-02-12 13:20:11

US, Australia, and UK Sanction Russia-Based Bulletproof Hosting Provider Zservers for Ties to LockBit Ransomware Gang

Authorities from the US, Australia, and the UK have imposed sanctions on Zservers, a Russia-based provider of bulletproof hosting services, for allegedly supporting the LockBit crypto ransomware gang. The sanctions involve freezing assets of Zservers and its UK-based front company, XHOST internet Solutions LP, as well as imposing asset freezes and travel bans on six individuals, according to the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Foreign Office on Feb. 11. The US Treasury highlighted that bulletproof hosting service providers offer tools that can conceal locations, identities, and online activities, enabling cybercriminals to target critical infrastructure in the US and internationally. Zservers administrators Alexander Igorevich Mishin and Aleksandr Sergeyevich Bolshakov, along with other individuals, have been sanctioned for their involvement in directing LockBit crypto transactions and supporting the gang's attacks. Chainalysis reported that Zservers received funds from various actors, including ransomware groups and affiliates, and cashed out funds at a sanctioned Russian-based exchange, Garantex.

2025-02-12 13:20:09

F2Pool founder Chun Wang sold 2.5 million LDO in exchange for 4.5 million USDT in the past 14 days

according to Spot On Chain monitoring, F2Pool & Stakefish founder Chun Wang (@satofishi) sold 2.5 million LDO for $4.5 million USDT in the past 14 days. Since returning on November 21, 2024, after a 10.5-month break, he sold 6.1 million LDO at around $1.708 per token, exchanging them for 10.42 million USDT, with selling activity picking up. He was an initial member of Lido DAO, receiving 20 million LDO, but now only holds 2.5 million tokens (worth $3.88 million).

2025-02-12 13:20:07

A whale transferred 25,306 SOL from Coinbase again 3 hours ago, equivalent to about 5 million US dollars

 according to Lookonchain monitoring, 3 hours ago, a whale withdrew 25,306 SOL (5 million US dollars) from Coinbase. Yesterday, the whale spent 38,138 SOL (7.8 million US dollars) to buy arc and ai16z.

2025-02-12 13:20:06

Story: Public mainnet and IP airdrop will be launched on February 13

Layer1's intellectual property blockchain Story stated on social media: "The public mainnet will be launched on February 13th, and IP airdrop application and verification will be launched on the same day."

2025-02-11 13:21:29

Walrus launches airdrop qualification verification website for some confirmed qualified users

According to official sources, decentralized storage protocol Walrus Protocol announced that certain members of the Walrus community received a targeted notice this morning about an upcoming Walrus airdrop. The purpose of this is to collect user data from a small subset of users who are eligible for the airdrop but have not yet had their wallet addresses recorded. Users can verify their eligibility by connecting their Discord, Github, email, or Telegram accounts. Walrus reminds users to beware of scams and not to interact with other websites claiming to be related. Walrus Protocol was launched by Sui development company Mysten Labs in June 2024 and became an independent PoS network in September of last year, governed and incentivized by the native token WAL.

2025-02-11 13:21:27

Data: Solana-based application revenue is 10 times that of Ethereum application revenue

in an article published on X platform on February 10th by Aylo, a cryptocurrency research institution, it was pointed out that in network applications, Solana applications have performed more prominently, with their income being more than 10 times higher than that of their competitor Ethereum applications. The researcher pointed out that even when considering Ethereum's Layer-2 scaling solutions (L2), Solana's advantages still exist, as L2 scaling solutions carry most of Ethereum's transaction activities. Even when considering Ethereum's Layer-2 scaling solutions (L2s), which carry most of the network's transaction activities, Solana's advantages still exist, the researcher pointed out.

2025-02-11 13:21:26