On February 25th, according to official sources, Megabit will officially launch SHELL/USDT perpetual contract trading with leverage from 1 to 75 at 18:00 (SGT) on February 25th.

according to Lookonchain monitoring, as the price of Bitcoin fell below $90,000, a whale user who went long on Bitcoin on the Hyperliquid platform appeared to have a floating loss of about $8.84 million. The user went long on Bitcoin two months ago at a price of $101,663 and has since earned $2.16 million in funding fees.

 market shows ETH breaking through $2500, currently reporting $2500.1, with a 24-hour decline of 10.39%. The market is volatile, please manage risks.

according to GMGN market data, the Meme coin SBF briefly rose to 0.0022 USDT, now trading at 0.0011 USDT, a 2409% increase in the past 1 hour.

market shows BTC falling below $92,000, currently trading at $91,988, with a 24-hour decline of 4.3%. The market is fluctuating significantly, please manage risk accordingly.

the market shows SOL falling below $140, now trading at $139.95, with a 24-hour decline of 14.79%. The market is volatile, please manage your risks.

according to Arkham, Bybit was hacked in the largest financial theft case in history. On February 21, 2025, the cryptocurrency trading platform Bybit was hacked and lost $1.4 billion. The previous largest financial theft case was on March 18, 2003, when the Central Bank of Iraq was stolen $1 billion.

Authorities in the US have confiscated $31 million in cryptocurrency linked to the hack of Uranium Finance in April 2021. The seizure was a joint effort between the US Attorney’s Office for the Southern District of New York and Homeland Security Investigations in San Diego, California. While the hackers remain unidentified, victims of the incident are urged to reach out to the authorities for assistance. Uranium Finance, a BNB Chain fork of Uniswap, was targeted by hackers who exploited vulnerabilities in the v2 smart contracts to steal millions. The stolen funds included various cryptocurrencies like BNB, BUSD, Bitcoin, Ether, Polkadot, Tether, Cardano, and the native U92 tokens.

Citadel Securities, a traditional financial industry giant with a market value of $65 billion on the NYSE, plans to enter the cryptocurrency market-making field, betting that President Trump's support for the crypto industry will bring market prosperity. Citadel Securities plans to join the list of market makers on multiple trading platforms such as Coinbase Global, Binance, and Crypto.com, and may initially establish market-making teams outside the United States.

the market shows BTC breaking through $91,500, currently trading at $91,524.85, with a 24-hour decline of 5.13%. The market is volatile, so please control the risk.

the official news from Aave, the Aave v3.3 version upgrade developed by BGD Labs has officially launched. This upgrade mainly optimizes the bad debt handling and liquidation mechanism, paving the way for the upcoming Umbrella security system. The Umbrella system will replace the existing Safety Module, introducing automated mechanisms that allow users to stake aToken to earn rewards, while also being used to absorb protocol bad debts without the need for governance voting intervention. This system is only open to users without lending positions, aimed at enhancing protocol security, especially in times of market volatility to better protect user assets from bad debt impact.

hot coin cool gains：
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according to market news, the U.S. Securities and Exchange Commission (SEC) has officially confirmed the acceptance of the application for the CoinShares spot Litecoin ETF (LITE).

the Brazilian Securities Commission (CVM) has approved Hashdex to launch the world's first exchange-traded fund based on XRP in Brazil, HASHDEX NASDAQ XRP INDEX FUND. Currently, the fund is in the pre-operational stage, managed by Genial Investimentos, and the official listing date has not been announced yet.

the market shows that BNB has fallen below $650, now trading at $649.33, with a 24-hour decline of 0.16%. The market fluctuates greatly, so please be prepared for risk control.

FOX Business reporter Eleanor Terrett said that, according to several legal sources, the SEC has been prioritizing cases with court deadlines, which explains why we have not yet seen suspension requests in the Ripple and Kraken cases.

report released by Bernstein on Wednesday showed that it believes a 'perfect storm' of political and regulatory forces is creating ideal conditions for stablecoin legislation in the United States this year. Analysts added that the legislation that the United States may enact could prompt major financial institutions to assess how to integrate stablecoin issuance or settlement into their business models. In addition, regulatory authorities are expected to strengthen their scrutiny of past 'de-banking' practices, further integrating stablecoin issuers, exchanges, and intermediaries into the traditional financial system.

Ethereum co-founder Vitalik Buterin answered the question "Do you think Ethereum needs a more commercialized management?" during a text AMA held on the Tako platform by saying: "I think Ethereum is a decentralized ecosystem, not a company. If Ethereum becomes a company, we will lose most of the meaning of Ethereum's existence. In fact, the Ethereum ecosystem has many large companies: ConsenSys, various client teams (Nethermind, Nimbus, etc.), Coinbase, L2 teams (including, for example, Aztec and Intmax, their privacy technology is very interesting and underestimated by many). The best way is to find a way to give these companies more opportunities to realize the advantages of being a company, with the foundation acting as a coordinating role."

Eliézer Ndinga, Chief Strategy Officer of 21Shares, stated on X platform that the scandal of LIBRA tokens marks the peak of the Meme coin craze, prompting the need for stronger risk management measures on the Launchpad platform. At the same time, global regulatory clarity is crucial - especially regarding government officials launching their own Meme coins. While permissionless innovation should be open to everyone, guardrails must be established to protect consumers and prevent fraud. For example, automated systems can flag contract addresses that have previously been involved in Rug incidents, helping investors avoid fraudulent activities.