TokenInsight

Rex Shares and Osprey Funds submitted applications to list the first ETF tracking MOVE. The fund will invest 80% in the MOVE token, breaking the existing crypto ETF model. Movement launches mainnet beta with $250 million in funding. Political stances and rumours of "insider trading" have raised concerns. The SEC is lenient with the crypto industry, but has yet to approve ETFs that track non-Bitcoin and Ethereum.

Argentine federal prosecutors are investigating assets related to the Libra meme coin scandal, involving over $110 million. The scandal implicated President Mile, whose promotion led to a big pump and then a big dump of Libra's market value. Prosecutors plan to freeze the related assets and investigate Mile's level of support. Kelsier Ventures CEO seems to play a central role in the scandal, claiming custody of the $110 million in profits. The case has caused political turmoil, with the opposition calling for Mile's impeachment.

Japanese investment company Metaplanet has bought another 156 BTC, causing the stock price to pump by 21.15%. The company is optimistic about BTC and currently holds 2391 BTC. Since 2024, they have been accelerating the purchase of BTC and plan to hold 10,000 by the end of 2025 and 21,000 by the end of 2026.

Cronos is considering reissuance of 70 billion destroyed CRO Tokens to restore the total supply. The proposal plans to establish a strategic reserve Wallet and attract institutional investment. The destruction is referred to as the largest-scale in history, sparking controversy. Crypto.com previously launched MCO, now known as CRO, as the native Token of the Cronos chain. Cronos was launched in 2021, with Mainnet based on Cosmos SDK, while also developing a layer-two blockchain on the ETH network.

Japanese company Metaplanet announced an additional purchase of 135 BTC, planning to increase the total holdings to 10,000 BTC. This investment amount is $12.9 million, increasing the total holdings of the company to 2,235 BTC. Metaplanet regards BTC as its core business, with the goal of holding 10,000 BTC by the end of 2025 and reaching 21,000 BTC by the end of 2026. Although the company's stock price has fluctuations, there has been a noticeable pump recently.

Pectra upgraded to Holesky Testnet activation, a crucial stress test before the Ethereum Mainnet upgrade. Despite encountering issues with final confirmation, the next activation is still planned on Sepolia Testnet. Changes include improved user experience for encryptionWallet, increased validatorsstake limits, and enhanced rollup scalability. The upgrade, following the Dencun upgrade in March 2024, dropped Layer 2 fees.

Hayden Davis claimed to have paid the sister of Argentine President Javier Mile to influence his brother's attitude. Reports indicate that Davis controls over $100 million in encryptionWallet funds and is a promoter of the LIBRA token. After Mile deleted his supportive post, the value of the LIBRA token big dumped by 95%. Mile claimed to be only spreading information, referring to investors as "Chinese and Americans." The president faces fraud charges.

Shortly after Strategy (formerly known as MicroStrategy) issued a profit warning, it announced plans to issue $2 billion of 0% Interest Rate convertible senior notes for corporate purposes and to purchase BTC. The notes will mature in 2030 and can be converted into cash or shares at Settlement. This move may be due to its net loss for the fiscal year, impairment losses on digital assets, and the uncertain impact of the BTC market. As of the end of 2024, Strategy holds 478,740 BTC, valued at over $46 billion.

Monad's public testnet will launch on February 19, providing developers and users with a testing environment before the Mainnet. Monad aims to be a high-throughput network, supporting 10,000 transactions per second and a 1-second block time. The test platform will be fully compatible with ETH Virtual Machine bytecode, making it easy for developers to migrate their applications. Monad Labs, founded by former Jump Trading developers, raised $225 million in a financing round led by Paradigm. The Mainnet is expected to be launched in 2025.

Argentine President Milein's Token project $LIBRA is accused of fraud by lawyers and former central bank president. The project saw a big dump of 95% after reaching its peak, with advisors blaming Milein for withdrawing support, leading to investors losing confidence. Milein denies prior knowledge and initiates an internal investigation. A judge will be appointed to handle the case.

The Ethereum developers plan to accelerate future hard forks to promote development, involving the Pectra and Fusaka upgrades, bringing better user experience and functionality. Pectra is expected to take place in April, including up to 20 EIPs; Fusaka has a final deadline of April 10, aiming to improve the transaction inclusion process. Paradigm calls on developers to speed up protocol updates to avoid stagnation and maintain Ethereum's competitive advantage as a leading blockchain.

Asset management company 21Shares plans to introduce stake functionality in the Spot Ethereum ETF, leading to a temporary 3.5% pump in the Ethereum price. If approved, this would be the first ETF to allow stake Ethereum and would be significant for holders. Experts believe this will attract more institutional investors, helping to enhance the attractiveness of the Ethereum ETF. The Ethereum ETF still lags behind the Bitcoin ETF in defining unique value.