1. Total market value of DeFi tokens: $108.809 billion
DeFi total market value data source: coingecko
2. The trading volume of decentralized exchanges in the past 24 hours was 7.091 billion US dollars
Top ten rankings of DeFi projects with locked assets and locked-in volume Data source: defillama
1. Total market value of NFT: US$22.522 billion
NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap
2. 24-hour NFT trading volume: 2.101 billionUS dollars
NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap
3. Top NFTs in 24 hours
The top ten NFTs with the highest sales growth in 24 hours Data source: NFTGO
Montana House of Representatives Rejects Bitcoin Reserve Bill
On February 24, the Montana House of Representatives voted against a proposed bill on February 22 that had proposed to use Bitcoin as a state reserve asset. The bill proposes to set up a special income account to invest in precious metals, stablecoins, and digital assets with a market value of more than $750 billion. Currently, only Bitcoin meets this standard. The bill was opposed by several Republican lawmakers, who believed that this would allow the State Investment Committee to over-speculate with taxpayer funds and the risk was too high. Supporters believe that if the bill is not passed, the state government will lose the opportunity to increase its return on funds. At present, the bill has been basically shelved, and if it is to be re-proposed in the future, it will need to be submitted to the legislature for review again.
1.BCA Research: It is estimated that $6 billion in crypto liquidity has been lost from the ecosystem due to Meme coins
Golden Finance reported that when Trump launched his own Meme coin on the eve of his inauguration, some people believed that the drastic price fluctuations opened the door to imitators. Juan Correa, deputy strategist at BCA Research, estimated that $6 billion in crypto liquidity has been lost from the ecosystem due to Meme coins. He explained: "Investors may be a little worried about issuing Meme coins because there are regulatory risks and the risk of being prosecuted. But now that the US president has done it, it seems to be feasible. However, Meme coins distract attention from more basic crypto assets, and the profits from these transactions rarely flow back to the crypto field. They will not be used to develop innovative products that help solve real problems in the world, which is what everyone thinks encryption and blockchain can do."
2. Kanye hints at launching "Swasticion" token next week
On February 24, according to Theblock, American producer and rapper Ye (Kanye West, Kanye) has posted about cryptocurrency several times in the past few hours, and hinted that a token called "Swasticoin" will be launched next week.
3. CryptoQuant CEO: Memecoins are the prototype of the collective unconscious
Golden Finance reported that CryptoQuant CEO Ki YoungJu recently posted on the X platform that Memecoins are the prototype of the collective unconscious, a concept proposed by 20th-century psychologist Carl Jung to describe common memories and symbols passed down from generation to generation, which constitute a common human culture. In two X (Twitter) posts on February 23rd, MAOBI, the CEO wrote that animal and celebrity Memecoins are the product of the collective unconscious, while altcoins are the manifestation of collective consciousness. Ju added: "Animal Memecoin reflects the shamanism of animal worship, while Celebrity Coin embodies the advanced religion of human worship. Human evolution is driven by common beliefs - worship, forming groups and collaboration."
1. Uniswap Foundation: gRHO platform has been launched on Uniswap v4
Golden Finance reported that according to the official announcement, the Uniswap Foundation announced that Panoptic's gRHO platform has been launched on Uniswap v4. The project has previously obtained the Uniswap Foundation , a $379,000 innovation grant from the Ethereum Foundation to support the development of the platform. gRHO is a liquidity interface for Uniswap v4 passive liquidity configuration, which is expected to be open source and forkable in the second quarter of 2025.
2. Ethereum developers will launch Pectra testing on Holesky
Golden Finance reported that Ethereum's Pectra upgrade will be launched on the Holesky test network at 9:55 pm today (UTC time), allowing developers to test new improvements before they enter the Ethereum mainnet. Pectra introduces features that enhance Ethereum accounts, support layer 2 expansion, and improve the user experience of validators. According to the Ethereum Foundation, Pectra represents an important step towards account abstraction. One of the major changes includes EIP-3074, which enhances Ethereum account abstraction by allowing externally owned accounts (EOA) to perform batch transactions and sponsor gas payments. In addition, the Pectra upgrade will increase Ethereum's blob capacity by 50%. The mainnet currently supports an average of 3 blobs per block, which will increase to 6 after Pectra is deployed.
3. People familiar with the matter: Ethena previously completed $100 million in financing in December
Golden Finance reported that the cryptocurrency project Ethena has now raised $100 million to fund the launch of a new stablecoin product for traditional financial institutions. According to a person familiar with the matter, the financing, which had not been reported before, was completed in December and attracted investors including Franklin Templeton and F-Prime Capital, a venture capital firm under Fidelity Investments.
4. Berachain TVL rose by 16.52% in the past 7 days, surpassing Base to rank sixth
Golden Finance reported that according to DeFiLlama data, Berachain's total locked value (TVL) rose by 16.52% in the past 7 days to US$3.271 billion, surpassing Base's US$3.27 billion and ranking sixth among all public chains.
5. Data: Jupiter transaction volume reached 184 billion US dollars in January 2025
Golden Finance reported that according to data disclosed by Jupiter DAO, Jupiter transaction volume reached 184 billion US dollars in January 2025, which is 184 times the transaction volume of 1 billion US dollars in January 2023.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment concept and be sure to increase risk awareness.
TapSwap, a popular crypto mining game on Telegram, faces credibility concerns due to abrupt changes like removing Solana branding and introducing questionable tasks redirecting to unrelated Telegram channels. These issues, combined with technical glitches and unclear blockchain plans, have sparked skepticism about TapSwap's legitimacy among users and analysts alike.
AnaisThe UK’s NHS Chief is urging lawmakers to act against rising crypto trading addiction among young people, responding to an increase in those seeking help for addiction to the volatile digital currency market.
CatherinePresident Biden's campaign is exploring crypto donations via Coinbase Commerce, aiming to engage tech-savvy voters amid criticisms of inconsistency in his crypto stance. This move contrasts with past regulatory actions and signals a strategic shift ahead of a competitive election.
JoyMicroStrategy, a major Bitcoin holder among publicly traded companies in the U.S., announced yesterday (13th) its plan to issue $500 million worth of convertible senior notes to qualified institutional investors and use the proceeds to buy more Bitcoin. However, the stock price fell instead of rising.
AlexMarket sources reveal that Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), expects the S-1 registration statement for the Ethereum spot ETF to be approved sometime this summer.
MiyukiThe decision by Saudi Arabia to end the petrodollar agreement marks a significant shift away from the US dollar's long-standing dominance in global trade, potentially paving the way for alternative currencies like the BRICS stablecoin to reshape international finance.
AnaisThe financial world faces potential upheaval as Saudi Arabia ends its 50-year petrodollar deal with the US. Instead, Saudi Arabia's central bank has joined BIS’s CBDC Project mBridge. As power becomes more equitably distributed globally, is the US facing an imminent economic downfall?
CatherineSEC Chair Gary Gensler announced that Ethereum ETFs should be approved by summer’s end but did not clarify its classification as a security or commodity. But this “good” news had little impact on the sluggish crypto market.
KikyoPixelverse, through its PixelTap game on Telegram, has rapidly gained 15 million users and secured $5.5 million in funding from major investors, aiming to revolutionize Web3 gaming with its tap-to-earn model and upcoming $PIXFI token launch.
WeatherlyThe fast-food industry adopts AI to reduce rising labour costs by replacing human workers. Despite being touted as the future, AI has caused many embarrassing errors. Is AI truly the solution for drive-thrus?
Catherine