Daily Report | Trump Family Crypto Project WLFI Plans to Establish Token Strategic Reserve; Vitalik: Frustrated by the Current State of the Crypto Fi

Organizer: Luan Peng, ChainCatcher

Important News:

• Cboe BZX submits 19b-4 application for XRP spot ETF for Bitwise and other issuers
• Trump family's crypto project WLFI plans to establish a token strategic reserve
• Insiders: Tether plans to accelerate investment expansion
• SlowMist: Detected potential suspicious activity related to BankX, please stay vigilant
• Iowa Congressman proposes bill to invest public funds in Bitcoin and digital assets
• Apps like Bybit and Kucoin have been removed from the Japanese App Store
• Pantera Capital CEO predicts BTC will reach $745,000
• Corporate loyalty platform Superlogic completes $13.7 million Series A funding, led by Powerledger

"What important events occurred in the last 24 hours"

Cboe BZX submits 19b-4 application for XRP spot ETF for Bitwise and other issuers

Cboe BZX Exchange, representing Bitwise, 21Shares, WisdomTree, and Canary Capital, submitted a 19b-4 filing to list and trade a spot exchange-traded product tracking XRP (the fourth-largest cryptocurrency by market capitalization).

The 19b-4 application is the second part of a two-step process for submitting cryptocurrency ETF applications to the U.S. Securities and Exchange Commission. Once approved by the SEC, the application will be published in the Federal Register, initiating the agency's approval process.

Bitwise first submitted a registration for a spot XRP ETF in October, while 21Shares submitted an S-1 registration statement for an XRP ETF to the SEC in November.

Trump family's crypto project WLFI plans to establish a token strategic reserve

According to Bloomberg, Chase Herro, co-founder of World Liberty Financial, stated that the platform plans to establish a "strategic reserve" by purchasing tokens, although Herro did not specify the goals for World Liberty's token reserves.

World Liberty Financial co-founders Zak Folkman, Zach Witkoff, and Chase Herro attended the first summit hosted by Ondo Finance in New York, introduced by Donald Trump's son, Donald Trump Jr. Steve Witkoff previously helped the Trump family connect with the founders of World Liberty Financial and has now been appointed as Trump's Middle East envoy.

Insiders: Tether plans to accelerate investment expansion

According to Bloomberg, Tether plans to accelerate its investment and acquisition pace. Insiders revealed that as the company's revenues grow, Tether will leverage its increasing assets for more investments.

CEO Paolo Ardoino stated at the Plan B forum held in El Salvador on January 31 that despite Tether's previous scrutiny from regulators due to its tokens being used by criminals and terrorists, it has now gained recognition from mainstream institutions.

SlowMist: Detected potential suspicious activity related to BankX, please stay vigilant

SlowMist issued a security alert indicating that potential suspicious activity related to BankX has been detected, urging vigilance.

According to its official website, BankX introduces a dual-token, partially collateralized, partially algorithmic stablecoin into decentralized finance, claiming its stablecoin is the first to pay interest to users at the time of minting while always avoiding liquidation risks.

Iowa Congressman proposes bill to invest public funds in Bitcoin and digital assets

According to Bitcoin Magazine, Iowa Congressman Taylor Collins proposed a bill to invest public funds in Bitcoin and digital assets.

Apps like Bybit and Kucoin have been removed from the Japanese App Store

According to Cryptonews, Apple has taken action to prevent Japanese users from downloading the apps of cryptocurrency exchanges Bybit, Bitget, MEXC, Kucoin, and Bitcastle. Japanese media CoinPost reported that these blocks may be related to a series of warnings issued by the Financial Services Agency (FSA) in November 2024.

Pantera Capital CEO predicts BTC will reach $745,000

According to Cointelegraph, the CEO of Pantera Capital predicts that Bitcoin will reach $745,000.

Corporate loyalty platform Superlogic completes $13.7 million Series A funding, led by Powerledger

Corporate loyalty platform Superlogic announced the completion of $13.7 million in Series A funding, led by Powerledger, with participation from Sangha Capital, 10SQ, Nima Capital, Actai Unicorn Fund, Hyla Liquid Venture Fund, Liquid 2 Ventures, and blockchain funds Galaxy Interactive, Recharge Capital, Dispersion Capital, and Sanctor Capital.

Superlogic previously stated it would use digital assets to engage customers, and while NFTs have not been mentioned yet, its CEO and co-founder Lin Dai hinted at exploring incentives like issuing "digital badges."

Michael Saylor: After my death, I will donate shares to a public charity supporting Bitcoin

According to Bitcoin News, Michael Saylor, founder of Strategy (formerly MicroStrategy), stated that after his death, he would donate his shares to a public charity that supports Bitcoin.

CZ initiates a vote on "Should BNB Chain attempt to eliminate or actively reduce the MEV issue?"

Binance founder Zhao Changpeng (CZ) initiated a vote on X platform regarding "Should BNB Chain attempt to eliminate or actively reduce the MEV issue?" CZ later stated that he opposes any form of "front-running," which he believes falls under this category. While it may not be possible to completely prevent MEV in a decentralized environment, there are still ways to mitigate its impact.

Number of Virtual Asset Service Providers (VASP) in South Korea drops to 31, down 11 from last year

According to the Financial Information Analysis Institute (FIU) under the South Korean Financial Services Commission, the total number of virtual asset companies in South Korea is 31. Of the previously registered 42 companies, 11 have been removed from the list, including Gdac, Probit, and Huobi Korea.

150th Ethereum ACDC meeting: If the public testnet launches smoothly, Pectra's earliest activation time will be early April

Christine Kim, Vice President of Research at Galaxy, summarized the 150th Ethereum Core Developer Consensus (ACDC) conference call. This week, developers agreed to leave a 30-day buffer between the last public testnet upgrade and the mainnet upgrade to allow network stakeholders sufficient time to update their software; if the public testnet launches smoothly, Pectra's earliest activation time on the Ethereum mainnet will be early April, with developers estimating April 8; additionally, Pectra Devnet 6 will launch on February 5. So far, the development network has been running smoothly without major issues.

Vitalik: Frustrated by the crypto field's focus on PvP-style games rather than pursuing better products

Ethereum co-founder Vitalik Buterin expressed his frustration that when crypto Twitter and venture capital firms consider "PvP-style gaming projects that cause most users to lose" as the best product form in the crypto space, pursuing better products is criticized as "patronizing and elitist."

Although these comments sometimes make him feel like withdrawing, he finds inspiration from the world each time this happens, reminding himself that he is fighting for something valuable.

OKX adds multiple USD trading pairs including GOAT, CITY

The USD trading zone for spot trading on OKX will add the following USD trading pairs from 5:00 PM to 6:30 PM (UTC+8) on February 7, 2025: GOAT/USD, CITY/USD, XR/USD, JST/USD, SAFE/USD, GPT/USD, ZETA/USD, DUCK/USD, BANANA/USD, MEME/USD, WIN/USD, RADAR/USD, PIXEL/USD, VELODROME/USD, ACH/USD.

"What important events occurred in the last 24 hours"

Interview with Analog's business leader: AI, RWA, and memes provide three growth opportunities for cross-chain communication

Recently, the cross-chain interoperability protocol Analog announced the completion of a $5 million expansion seed round financing backed by Foresight Ventures, Gate Ventures, and others, with a post-investment valuation of $300 million.

In February 2024, Analog also secured $16 million in seed round financing. Its investment team is quite impressive, including Tribe Capital, NGC Ventures, Wintermute, GSR, NEAR, Orange DAO, Balaji Srinivasan, and others.

The backing from numerous well-known investment institutions is attributed to Analog's team's extensive and diverse background in the crypto field, with founding team members having experience in key projects such as Polkadot, X Fund, Chainlink, and Y Combinator.

In the highly competitive cross-chain communication space, Analog aims to address fragmentation, centralization, and security issues. Eric Wang, Analog's business leader, stated that Analog positions itself as a "one-stop shop" for cross-chain developers, dedicated to meeting all native cross-chain DApp development needs, allowing developers or users to seamlessly use different blockchains under a single and unified application.

In 2025, Analog will actively explore innovations in AI data oracles, RWA interoperability, and cross-chain memes, aiming to become the most widely adopted "chain abstraction" product.

Analog announced its mainnet launch last December and began its token public offering in January this year. What differentiated paths and key roadmaps does Analog have for 2025? What growth opportunities remain in the cross-chain communication space? Recently, Eric Wang shared insights in an interview with ChainCatcher.

Overview of multiple developments in crypto spot ETFs: SEC review speeds up, SOL and LTC applications lead

Recently, more and more institutions have joined the ranks of crypto ETF applications, with significant new developments in the spot ETF applications for SOL, LTC, and XRP. However, only Grayscale's Solana ETF and Litecoin Trust, along with Canary's Litecoin ETF, have been accepted by the SEC.

MicroStrategy rebrands as "Strategy," Q4 Bitcoin holdings nearly double, aims to be Bitcoin's "smart leverage"

On February 6, 2024, MicroStrategy held a conference call for its fourth-quarter financial report and announced a brand overhaul, officially rebranding as "Strategy," claiming to be "the world's first and largest Bitcoin asset management company."

The Q4 report showed a net loss of $670.8 million, with operating expenses (including Bitcoin impairment losses) reaching $1.103 billion, a year-on-year increase of 693%.

Strategy's Bitcoin holdings nearly doubled in just three months. Additionally, Strategy has established KPI metrics for annual "Bitcoin Gain" and "Bitcoin Dollar Gain," setting a target of $10 billion for annual "Bitcoin Dollar Gain" by 2025. During the meeting, the company's founder and CEO Michael Saylor revealed a new strategy to attract "a large number of investors."

How is the U.S. building a cryptocurrency capital? a16z releases 11 articles explaining

The U.S. is shifting its stance from opposition to blockchain and cryptocurrency to a more supportive position, providing clear guidance and rules to help builders follow these regulations.

"Living Meme" PAIN: An experiment in crypto culture from pain to prosperity

In just 48 hours, it amassed 186,000 SOL, making it one of the largest meme coin presales in history.

Meme Popularity Rankings

According to the meme token tracking and analysis platform GMGN , as of February 7, 19:50:

In the past 24 hours, the top five popular Ethereum tokens are: SPX, XYO, ONDO, AYA, BITPLUS

In the past 24 hours, the top five popular Solana tokens are: YODA, $MIA, ACAT, GIBA, CHLOE

In the past 24 hours, the top five popular Base tokens are: VIRTUAL, AIXBT, BRETT, USD+, TOSHI