# Crypto Market Report - 2025-02-13
## Summary
This report summarizes cryptocurrency market activity and news from various sources on February 13, 2025. Key highlights include the listing of RONIN, IP, and B3 on various exchanges' futures markets, the launch of MyShell's SHELL token sale on Binance Wallet, and the Ethereum Foundation's deployment of ETH into lending protocols like Aave, Spark, and Compound. The report also covers market trends, including BNB potentially pulling liquidity from Solana, and insights into specific projects like Story Protocol (IP) and Plume Network. Additionally, it touches on potential regulatory impacts on Tether and the implications of Solana's SIMD-96 update.
The market is showing signs of anticipation with Bitcoin around $96K, Ethereum around $2,681 and BNB around $705. The Fear & Greed Index is neutral at 40, while the Altcoin Season Index is at 44. Several new tokens are being listed on exchanges, including Story (IP) and BeraFi (AIFUN). There's also discussion around Real World Asset (RWA) tokenization, with Plume Network partnering with Mercado Bitcoin.
Overall, the cryptocurrency market is active with new listings, project developments, and institutional movements. Traders should be aware of upcoming events like the PPI announcement and potential regulatory changes that could impact stablecoins.
## News and Developments
### Exchange Listings
* **RONIN:** Listed on Bybit futures ([https://www.bybit.com/trade/usdt/RONINUSDT](https://www.bybit.com/trade/usdt/RONINUSDT), [https://partner.bybit.com/b/IANSINTEL](https://partner.bybit.com/b/IANSINTEL))
* **IP (Story Protocol):** Listed on Hyperliquid futures ([https://twitter.com/HyperliquidX/status/1889965483413442627](https://twitter.com/HyperliquidX/status/1889965483413442627)) and Bybit futures ([https://www.bybit.com/trade/usdt/IPUSDT](https://www.bybit.com/trade/usdt/IPUSDT), [https://partner.bybit.com/b/IANSINTEL](https://partner.bybit.com/b/IANSINTEL)). Also listed on Bybit spot market ([https://www.bybit.com/en/trade/spot/IP/USDT](https://www.bybit.com/en/trade/spot/IP/USDT)), OKX, Bitget, MEXC, Kucoin, and Gate.
* **B3:** Listed on Binance futures ([https://www.binance.com/en/support/articles/10e7ffb4ea4c4b93a70b0fa55fbed8ce](https://www.binance.com/en/support/articles/10e7ffb4ea4c4b93a70b0fa55fbed8ce))
* **TRUMP:** Listed on Upbit at 9:00 UTC ([https://upbit.com/service_center/notice?id=4870](https://upbit.com/service_center/notice?id=4870))
### Project Updates
* **Story Protocol (IP):** Public mainnet is live ([https://x.com/StoryProtocol/status/1889952908697018688](https://x.com/StoryProtocol/status/1889952908697018688)). Airdrop checker available at rewards.story.foundation.
* **MyShell (SHELL):** Public sale via Binance Wallet is live ([https://binance.com/en/events/myshell-subscription-rules](https://binance.com/en/events/myshell-subscription-rules)).
* **Plume Network:** Partnering with Mercado Bitcoin to tokenize $40M worth of RWAs ([https://x.com/plumenetwork/status/1889706538673250339](https://x.com/plumenetwork/status/1889706538673250339)).
* **Hyperliquid:** Now supports native multi-sig transactions ([https://x.com/HyperliquidX/status/1889704752419848240](https://x.com/HyperliquidX/status/1889704752419848240)).
* **Squidrouter:** UI design praised, using Axelar bridge ([https://www.squidrouter.com](https://www.squidrouter.com))
* **SIMD-96 on Solana:** Update removes priority fee burns, validators receive 100% of priority fees ([https://x.com/inSitesh/status/1889612890635731219](https://x.com/inSitesh/status/1889612890635731219)).
### Institutional Activity
* **Ethereum Foundation:** Deposited 10,000 ETH into Aave and 10,000 ETH into Spark ([https://intel.arkm.com/explorer/address/0x9fC3dc011b461664c835F2527fffb1169b3C213e](https://intel.arkm.com/explorer/address/0x9fC3dc011b461664c835F2527fffb1169b3C213e)). Also supplied ETH to Aave Prime, Aave Core and Compound ([https://x.com/ethereumfndn/status/1889978208986280031](https://x.com/ethereumfndn/status/1889978208986280031)).
* **Cboe BZX Exchange:** Filed a change to allow staking for the 21Shares Core Ethereum ETF ([https://www.theblock.co/post/340538/cboe-bzx-exchange-files-proposed-change-to-allow-staking-for-21shares-ethereum-etf](https://www.theblock.co/post/340538/cboe-bzx-exchange-files-proposed-change-to-allow-staking-for-21shares-ethereum-etf))
### Regulatory News
* **JPMorgan:** Suggests Tether may need to sell Bitcoin to comply with proposed US stablecoin regulations ([https://www.theblock.co/post/340579/jpmorgan-tether-bitcoin-us-stablecoin-regulations](https://www.theblock.co/post/340579/jpmorgan-tether-bitcoin-us-stablecoin-regulations)).
* **Trump Tariffs:** Tariffs will have a delay, may start April 1: CNBC ([https://x.com/DeItaone/status/1890056691645108275](https://x.com/DeItaone/status/1890056691645108275))
### Market Data
* **Market Cap:** $3.18T (+1.1%)
* **24H Spot Trading Volume:** $132B (+30%)
* **Bitcoin Dominance:** 59.8% (+2.6%)
* **Fear & Greed Index:** 40 (Neutral)
* **Altcoin Season Index:** 44
### Other News
* Zach Witkoff\u2019s X account, cofounder of World Liberty Financial, was hacked ([https://x.com/worldlibertyfi/status/1889788282940113265](https://x.com/worldlibertyfi/status/1889788282940113265))
* PancakeSwap is the DEX with the highest trading volume over both the past 24 hours and the last 7 days ([https://x.com/cz_binance/status/1889742652750356681](https://x.com/cz_binance/status/1889742652750356681))
## Degen Alpha
* **Ostium:** Mentioned with a link to their X account ([https://x.com/ostiumlabs?s=21](https://x.com/ostiumlabs?s=21)).
* **BeraFi (AIFUN):** Initially listed on MEXC, Uniswap, and Kodiak at 14:00 UTC.
* **MyShell (SHELL):** Token sale live on Binance Wallet, price per 1 SHELL: 0.00003175 BNB.
* **Story (IP):** Initially listed on Bybit, OKX, Bitget, MEXC, Kucoin, Gate, and other exchanges. Airdrop checker available at rewards.story.foundation.
## Patterns and Insights
* **Binance Alpha Projects:** Several tokens added to Binance alpha projects, including ONDO ([https://www.binance.com/en/web3wallet](https://www.binance.com/en/web3wallet)), MORPHO ([https://www.binance.com/en/web3wallet](https://www.binance.com/en/web3wallet)), AERO ([https://www.binance.com/en/web3wallet](https://www.binance.com/en/web3wallet)), VIRTUAL ([https://www.binance.com/en/web3wallet](https://www.binance.com/en/web3wallet)), KMNO ([https://www.binance.com/en/web3wallet](https://www.binance.com/en/web3wallet)), and GPS ([https://www.binance.com/en/web3wallet](https://www.binance.com/en/web3wallet)).
* **RWA Tokenization:** Plume Network's partnership with Mercado Bitcoin highlights the growing trend of Real World Asset (RWA) tokenization.
* **Ethereum Foundation Strategy:** The Ethereum Foundation's deployment of ETH into various lending protocols suggests a strategic move to support and potentially benefit from the DeFi ecosystem.
* **Whale Activity:** Noted buy activity in LAZIO/USDT and sell activity in JOE/USDT on Binance.
* **Perpetual Demand Lending Pools (PDLPs):** Arxiv paper formalizes PDLPs utilized by protocols such as Jupiter, Hyperliquid, and GMX ([https://arxiv.org/pdf/2502.06028](https://arxiv.org/pdf/2502.06028), [https://x.com/tarunchitra/status/1889751346934587417](https://x.com/tarunchitra/status/1889751346934587417)).
### Disclaimer
This report is for informational purposes only and should not be considered investment advice. Always conduct your own research (DYOR) before making any investment decisions.