Summary of the last 8 hours of social chatter.

Here's a comprehensive report synthesizing the provided cryptocurrency group messages:

a. Summary

The crypto market is currently in a state of anticipation, with Bitcoin around $96K and Ethereum around$2,681. BNB appears to be drawing liquidity from the Solana ecosystem. Key events include the PPI announcement expected to cause volatility, the launch of MyShell's $SHELL IDO on Binance Wallet, and the initial listing of Story's$IP token on multiple exchanges. The Ethereum Foundation has been actively deploying ETH into lending protocols like Aave, Spark, and Compound. There's also discussion around tokenized RWAs (Real World Assets), with Plume Network partnering with Mercado Bitcoin. CZ (Changpeng Zhao) of Binance has mentioned he is not issuing a meme coin himself, but the BNB Foundation may provide rewards for top memes on the BNB Chain.

The launch of Story Protocol's mainnet and the $IP token listing have generated significant interest, with the token trading around$2.1 and a fully diluted valuation of approximately $2.1B. MyShell's$SHELL token sale is also live on Binance Wallet. The Ethereum Foundation's deployment of ETH into DeFi lending protocols is noteworthy, with a total of $120M allocated to Aave, Spark, and Compound. JPMorgan suggests Tether might need to sell Bitcoin to comply with proposed US stablecoin regulations.

Several tokens, including $ONDO,$MORPHO, $AERO,$VIRTUAL, $KMNO, and$GPS, have been added to Binance's alpha projects. There's also activity in the futures market, with $IP and$B3 listed on Bybit and Binance futures, respectively. SIMD-96 going live on Solana could trigger an LST yield war.

b. News and Developments

• Federal Reserve Event: The PPI (Producer Price Index) announcement is scheduled for February 13, 2025, at 1:30 PM UTC, with expectations of market volatility.
• Market Overview: Bitcoin is around $96K, Ethereum around$2,681, and BNB around $705. The market cap is$3.18T (+1.1%), with a 24H spot trading volume of $132B (+30%). The Fear & Greed Index is at 40 (Neutral).
• SIMD-96 on Solana: SIMD-96 removes priority fee burns, allowing validators to receive 100% of priority fees. Jito’s TipRouter will enable validators to automatically share fees with their stakers.
  • Source: https://x.com/inSitesh/status/1889612890635731219
• Ethereum Foundation Activity: The Ethereum Foundation deposited 10,000 ETH into Aave and 10,000 ETH into Spark.
  • Transaction Details: https://intel.arkm.com/explorer/address/0x9fC3dc011b461664c835F2527fffb1169b3C213e
• Plume and Mercado Bitcoin RWA Tokenization: Mercado Bitcoin will use Plume Network’s infrastructure to tokenize $40M worth of Brazilian RWAs.
  • Source: https://x.com/plumenetwork/status/1889706538673250339
• Story Protocol (IP) Launch: Story $IP was initially listed on Bybit, OKX, KuCoin, MEXC, and other exchanges at 09:00 UTC. The current price is$2.5, with a market cap of $625M and an FDV of$2.5B.
  • Airdrop Checker: rewards.story.foundation
  • Source: https://x.com/StoryProtocol/status/1889952908697018688
• Binance Alpha Projects: $ONDO,$MORPHO, $AERO,$VIRTUAL, $KMNO, and$GPS have been added to Binance alpha projects.
  • Binance Web3 Wallet: https://www.binance.com/en/web3wallet
• MyShell (SHELL) Public Sale: MyShell's $SHELL IDO on Binance Wallet is live. Allocation: 40M SHELL. Price per 1 SHELL: 0.00003175 BNB. Cap per User: 3 BNB.
  • Binance Event Details: https://www.binance.com/en/events/myshell-subscription-rules
• Hyperliquid Multi-sig Support: Hyperliquid now supports native multi-sig transactions.
  • Source: https://x.com/HyperliquidX/status/1889704752419848240
• Ethereum Foundation DeFi Deployment: The Ethereum Foundation supplied $120M to various lending protocols, including Aave, Spark, and Compound.
  • News Source: https://www.theblock.co/post/340582/ethereum-foundation-injects-nearly-120-million-worth-of-ether-into-defi-lending-protocols
• Trump Tariffs Delay: Trump's tariffs will have a delay and may start April 1.
  • Source: https://x.com/DeItaone/status/1890056691645108275
• CZ on Meme Coins: CZ (Changpeng Zhao) stated he is not issuing a meme coin, but the BNB Foundation may provide rewards for top memes on the BNB Chain.
  • Source: https://x.com/cz_binance/status/1890071433214038103

c. Degen Alpha

• Story Protocol (IP):
  • Token Contract: Not provided
  • Chart Link: Not provided
  • Social Media: https://x.com/StoryProtocol/status/1889952908697018688
  • Potential: Open-source repository for intellectual property.
  • Risks: High FDV of $2.5B.
• BeraFi (AIFUN):
  • Listing on MEXC, Uniswap, and Kodiak at 14:00 UTC.
• MyShell (SHELL):
  • Token Contract: Not provided
  • Chart Link: Not provided
  • Social Media: Not provided
  • Potential: AI-powered Web3 chatbot platform.
  • Risks: Sale hardcap of $880K, FDV of$22M.
  • Binance Event Details: https://www.binance.com/en/events/myshell-subscription-rules
• TON Airdrop Scam:
  • There is a mention of a $TON airdrop with a link to a bot, but this is likely a scam.

d. Patterns and Insights

• Exchange Listings as Catalysts: The initial listing of $IP on multiple exchanges led to significant price discovery and market capitalization. This highlights the importance of exchange listings as potential catalysts for token price movements.
• DeFi Lending Protocol Activity: The Ethereum Foundation's strategic deployment of ETH into various DeFi lending protocols suggests a focus on supporting and strengthening the DeFi ecosystem. This could indicate a bullish outlook on the future of DeFi.
• RWA Tokenization: The partnership between Plume Network and Mercado Bitcoin to tokenize RWAs signals a growing trend of bringing real-world assets onto the blockchain. This could unlock new investment opportunities and increase liquidity for traditional assets.
• Meme Coin Mania: CZ's comments on meme coins and potential rewards from the BNB Foundation indicate a continued interest in the meme coin phenomenon. However, investors should exercise caution and conduct thorough research before investing in meme coins.
• Validator Fee Sharing: SIMD-96 on Solana and Jito's TipRouter could lead to increased competition among validators and higher yields for stakers, potentially triggering an LST yield war.
• Perpetual Demand Lending Pools (PDLPs): The Arxiv paper formalizing PDLPs used by protocols like Jupiter, Hyperliquid, and GMX provides insights into the mechanics and safety of these pools.
  • Arxiv Paper: https://arxiv.org/pdf/2502.06028
  • Source: 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.