Summary of the last 24 hours of social chatter.

Crypto Market Report: February 11-12, 2025

This report synthesizes information from various cryptocurrency groups, providing insights for enthusiasts and traders.

a. Summary

The crypto market experienced a mixed bag of news and developments over the past two days. While Bitcoin and Ethereum saw slight dips, several new projects launched, including Solayer (LAYER), Story Protocol (IP), and Unichain. The AI agent narrative continues to gain traction, with Near Foundation launching a $20M fund and Virtuals Protocol going live on Solana. Regulatory news also dominated the headlines, with the SEC acknowledging Solana ETF filings and Binance and the SEC filing a joint motion to halt their legal dispute. Institutional activity remained strong, with Goldman Sachs doubling down on Bitcoin ETFs and Franklin Templeton registering for a Solana Trust.

b. News and Developments

b.1. Project Launches and Updates

• Solayer (LAYER) launched its token on Binance, Bybit, KuCoin, Gate, MEXC, and other exchanges. The project is developing InfiniSVM, a next-generation blockchain architecture. Solayer Website Solayer Twitter Solayer on Binance
• Story Protocol (IP) announced its mainnet launch and token generation event (TGE) on February 13th. The project is an open-source repository for intellectual property owners. Story Protocol Website Story Protocol Twitter
• Uniswap Labs launched its Layer 2 Unichain on mainnet, offering fast, low-fee transactions and cross-chain liquidity. Unichain Blog Post
• Virtuals Protocol went live on Solana, enabling the creation and trading of AI Agents. Virtuals Protocol Twitter
• Succinct Labs launched its first Testnet program, "Level 1: Crisis of Trust," allowing participants to earn stars by generating zero-knowledge proofs. Succinct Labs Blog
• Push Chain (PUSH) launched its Public Devnet and SDK, enabling developers to build applications across different networks. Push Chain Twitter
• Movement Foundation introduced "Cornucopia," a year-long program to jumpstart its DeFi liquidity. Movement Foundation Website

b.2. Partnerships and Acquisitions

• Plume Network (PLUME) partnered with Superstate, providing infrastructure for Superstate's short-duration U.S. Government Securities Fund and Crypto Carry Fund. Plume Network Website Plume Network on The Block
• Holonym Foundation acquired Gitcoin Passport for $10M, combining Gitcoin Passport's proof-of-humanity system with Holonym's Human Network. Holonym Twitter Cointelegraph Article

b.3. Regulatory News

• SEC acknowledged Solana ETF filings by 21Shares, Bitwise, Canary, and VanEck. SEC Filing
• Binance and the SEC filed a joint motion to halt their legal dispute for 60 days, potentially paving the way for an early resolution. CoinDesk Article
• Hong Kong confirmed that Bitcoin and Ethereum can be used to prove wealth for investment visas. CoinDesk Article
• U.S. President Donald Trump plans to pick Brian Quintenz, head of policy at a16z crypto arm, to lead the Commodity Futures Trading Commission. Reuters Article

b.4. Institutional Activity

• Goldman Sachs doubled down on Bitcoin ETFs, boosting holdings to $1.5 billion in Q4 2024. The Block Article
• Franklin Templeton registered for a Franklin Solana Trust, indicating it may soon file for a spot Solana ETF. Delaware Corporation Filing
• World Liberty Financial unveiled its Macro Strategy, a strategic token reserve designed to bolster leading projects like Bitcoin, Ethereum, and other cryptocurrencies. World Liberty Financial Twitter
• BitGo is reportedly weighing an IPO as soon as this year. Bloomberg Article

b.5. Other Notable News

• Fed Chair Jerome Powell stated that the Federal Reserve will never create a central bank digital currency (CBDC). WatcherGuru Twitter
• MultiversX announced "FebruAIry," an experimentation marathon focused on integrating AI across its network, tooling, products, and community. MultiversX Twitter
• Injective launched the TradFi Stocks index. Injective Twitter
• Nasdaq-listed Prenetics launched a genomics-based partnership with Humanity Protocol and unveiled a crypto strategic reserve. Humanity Protocol Blog

c. Degen Alpha

• $FPI airdrop: Users can claim up to 120,000 tokens for free. [No external link provided]
• $LAYER Genesis Airdrop: Solayer announced the launch of its Genesis Airdrop. Solayer Twitter
• $IP claim and checker: Story Protocol announced the launch of its $IP claim and checker on February 13th. Story Protocol Twitter
• $DIN airdrop: DIN Foundation announced the airdrop claim opening on February 14th. DIN Foundation Twitter
• $B3 Season 1 Airdrop: The Season 1 airdrop claim for $B3 is now live. [No external link provided]
• $AGIXBT : AGIXBT is listed on Gate and is considered a top-performing virtuals token. AGIXBT Twitter AGIXBT Contract Address
• $GRAVITAS : A degen play with potential for quick gains based on Elon Musk hype. GRAVITAS Contract Address

d. Patterns and Insights

• AI Agent Narrative: The AI agent narrative continues to gain momentum, with projects like Virtuals Protocol and Near Foundation's $20M fund attracting significant attention. This trend suggests a growing interest in decentralized AI applications and their potential to disrupt various industries.
• Solana ETF Push: The SEC's acknowledgment of Solana ETF filings from multiple institutions indicates a growing interest in Solana and its potential for mainstream adoption. This could lead to increased institutional investment in Solana and its ecosystem.
• Regulatory Clarity: The joint motion filed by Binance and the SEC to halt their legal dispute suggests a potential shift towards a more collaborative approach to regulation in the crypto space. This could lead to greater clarity and certainty for the industry, fostering further growth and innovation.
• Institutional Adoption: Goldman Sachs' increased investment in Bitcoin ETFs and Franklin Templeton's registration for a Solana Trust highlight the growing institutional interest in cryptocurrencies. This trend suggests that institutional investors are increasingly recognizing the potential of crypto assets as a viable investment class.
• Memecoin Mania: The mention of $Fartcoin and its significant price drop highlights the volatility and speculative nature of memecoins. While these tokens can offer quick gains, they also carry significant risks due to their lack of fundamental value and susceptibility to hype cycles.

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.