News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
OP Labs: The custom Gas token testing feature of OP Stack has been deprecated
OP Labs announced that the beta feature of OP Stack's custom Gas token has been deprecated. The beta feature allowed developers to use early versions of high-demand features, enabling teams to validate requirements through data and user feedback. However, since May 2024, with the development of ERC-4337 and Paymaster Services, the usage rate of the custom Gas token beta feature has steadily declined. In addition, OP Labs recommends all new chains start with standard ETH Gas token configurations and utilize account abstraction tools that allow users to pay for gas fees with other tokens instead of relying on custom Gas tokens.
OP Labs announced that the beta feature of OP Stack's custom Gas token has been deprecated. The beta feature allowed developers to use early versions of high-demand features, enabling teams to validate requirements through data and user feedback. However, since May 2024, with the development of ERC-4337 and Paymaster Services, the usage rate of the custom Gas token beta feature has steadily declined. In addition, OP Labs recommends all new chains start with standard ETH Gas token configurations and utilize account abstraction tools that allow users to pay for gas fees with other tokens instead of relying on custom Gas tokens.
NAVI Protocol announces brand restructuring
On February 27th, Sui's one-stop liquidity protocol NAVI Protocol announced a new brand image. The brand is about to launch revolutionary new products. This brand upgrade integrates NAVI, Astros and Volo with a modern visual style to unify the NAVI ecosystem under the banner of strength and cohesion. NAVI.ag has been renamed as Astros and will launch more innovative products under its brand. Volo has upgraded its brand logo, while the team is working on bringing innovative optimizations for veSUILST model. All major brands will gradually adopt this new visual image on social platforms and official websites, along with releasing a new roadmap.
On February 27th, Sui's one-stop liquidity protocol NAVI Protocol announced a new brand image. The brand is about to launch revolutionary new products. This brand upgrade integrates NAVI, Astros and Volo with a modern visual style to unify the NAVI ecosystem under the banner of strength and cohesion. NAVI.ag has been renamed as Astros and will launch more innovative products under its brand. Volo has upgraded its brand logo, while the team is working on bringing innovative optimizations for veSUILST model. All major brands will gradually adopt this new visual image on social platforms and official websites, along with releasing a new roadmap.
ETH whales/institutions have sold 8074 ETH in the past 13 hours, worth 19.63 million USD
According to on-chain analyst @ai_9684xtpa, there has been a continuous sell-off by OGs/big players in the market over the past two days: ETH whales/institutions have sold 8074 ETH in the past 13 hours, worth 19.63 million US dollars, with an average selling price of 2431 US dollars.
According to on-chain analyst @ai_9684xtpa, there has been a continuous sell-off by OGs/big players in the market over the past two days: ETH whales/institutions have sold 8074 ETH in the past 13 hours, worth 19.63 million US dollars, with an average selling price of 2431 US dollars.
30,000 ETH has been transferred from an unknown wallet to Wintermute, valued at over 70 million US dollars
According to the on-chain data tracking service Whale Alert, around 10:46 Singapore time, 30,000 ETH ($70,239,850) was transferred from an unknown wallet to Wintermute.
According to the on-chain data tracking service Whale Alert, around 10:46 Singapore time, 30,000 ETH ($70,239,850) was transferred from an unknown wallet to Wintermute.
XRP Ledger releases DeFi development plan for financial institutions
Ripple Labs released a new round of development plans for the XRP Ledger on February 25. The plan mainly targets traditional financial institutions, aiming to provide compliant blockchain solutions for banks and other regulated institutions. This includes launching licensed DEXs, credit lending protocols, and new token standards. Despite the recent surge in XRP prices, its chain activity is still far below competitors like Ethereum. Ripple hopes to attract more financial institutions to participate by introducing new businesses such as real asset tokenization, thereby accelerating network development. Several asset management companies have applied to list XRP ETFs in the United States, which could bring new growth momentum for XRP.
Ripple Labs released a new round of development plans for the XRP Ledger on February 25. The plan mainly targets traditional financial institutions, aiming to provide compliant blockchain solutions for banks and other regulated institutions. This includes launching licensed DEXs, credit lending protocols, and new token standards. Despite the recent surge in XRP prices, its chain activity is still far below competitors like Ethereum. Ripple hopes to attract more financial institutions to participate by introducing new businesses such as real asset tokenization, thereby accelerating network development. Several asset management companies have applied to list XRP ETFs in the United States, which could bring new growth momentum for XRP.
A certain whale suffered a loss of 17.5 million US dollars due to over-trading assets such as BTC and SOL
According to Lookonchain monitoring, a whale has lost $17.5 million due to going long on BTC, SOL, HYPE, ONDO, HBAR, SUI and TRUMP. If the price of BTC falls to $74,571, its leveraged position will trigger liquidation.
According to Lookonchain monitoring, a whale has lost $17.5 million due to going long on BTC, SOL, HYPE, ONDO, HBAR, SUI and TRUMP. If the price of BTC falls to $74,571, its leveraged position will trigger liquidation.
Standard Chartered: Since the US election, the average purchase price of spot Bitcoin ETFs is about $97,000 each. The current loss for buyers has reached approximately $1.3 billion
On Wednesday, the price of Bitcoin fell 3.6% to about $85,600, a drop of 15% over the past month. In just a few days, more than $800 billion has evaporated from the global cryptocurrency market. The outflow of funds from spot Bitcoin ETFs exceeded the previous daily record high of $671 million. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank estimates that since the US election, the average purchase price for spot Bitcoin ETFs is approximately $97,000 per coin. This means that buyers have lost about $1.3 billion during this period.
On Wednesday, the price of Bitcoin fell 3.6% to about $85,600, a drop of 15% over the past month. In just a few days, more than $800 billion has evaporated from the global cryptocurrency market. The outflow of funds from spot Bitcoin ETFs exceeded the previous daily record high of $671 million. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank estimates that since the US election, the average purchase price for spot Bitcoin ETFs is approximately $97,000 per coin. This means that buyers have lost about $1.3 billion during this period.
Yesterday, the net outflow of Bitcoin ETF spot in the United States was 757 million US dollars
On February 27, according to Trader T's monitoring, the net outflow of the US spot Bitcoin ETF yesterday was $757 million.
On February 27, according to Trader T's monitoring, the net outflow of the US spot Bitcoin ETF yesterday was $757 million.
Yesterday, IBIT had a net outflow of 420.56 million US dollars, setting the record for the largest single-day net outflow since its listing
According to Trader T's monitoring, yesterday IBIT had a net outflow of $420.56 million, setting the record for the largest single-day net outflow since its listing, with a trading volume reaching $4.2 billion.
According to Trader T's monitoring, yesterday IBIT had a net outflow of $420.56 million, setting the record for the largest single-day net outflow since its listing, with a trading volume reaching $4.2 billion.
The first batch of Solana futures ETFs has been listed on DTCC, with the codes SOLZ and SOLT
The Depository Trust Clearing Corporation (DTCC) in the United States has listed the first batch of Solana futures ETFs, issued by Volatility Shares, which are:
• $SOLZ (Volatility Shares Solana ETF)
• $SOLT (Volatility Shares 2X Solana ETF)
The Depository Trust Clearing Corporation (DTCC) in the United States has listed the first batch of Solana futures ETFs, issued by Volatility Shares, which are:
• $SOLZ (Volatility Shares Solana ETF)
• $SOLT (Volatility Shares 2X Solana ETF)