1.X Platform’s Payment Feature May Support QR Codes
according to App developer Nima Owji’s post, X Platform’s payment feature X Money may support QR code.
Prior to this news, X Platform CEO Linda Yaccarino stated on her social media platform, “By 2025, X will connect users in ways never seen before. Such as X TV, X Money, Grok, and more.” This means Linda has confirmed that X Platform’s payment feature X Money will be launched this year.
2.Ondo Finance Launches Ondo GM for On-Chain Access to U.S. Securities
Ondo Finance announced the launch of Ondo Global Markets (Ondo GM), aiming to enable global investors to access U.S. public securities on-chain through blockchain technology.
The platform will provide asset tokenization based on securities, where these tokens are pegged 1:1 to underlying assets (such as stocks, bonds, and ETFs), and possess liquidity similar to stablecoins, allowing for free transferability outside the U.S.
3. SEC Launches Cryptocurrency Task Force Website
the U.S. Securities and Exchange Commission (SEC) has launched a new cryptocurrency working group website.
According to the website introduction, the cryptocurrency working group aims to clarify the application of federal securities laws in the crypto asset market and propose practical policy measures to promote innovation and protect investors. The working group collaborates with Commission staff and the public to help develop new approaches to cryptocurrency asset regulation.
The working group will help define clear regulatory boundaries, appropriately differentiate between securities and non-securities, develop a tailored disclosure framework, provide practical registration pathways for crypto assets and market intermediaries, ensure that investors have the information needed to make investment decisions, and ensure that enforcement resources are deployed wisely. (Jinse)
4. FTX to Begin Creditor Payouts on February 18
FTX officially stated that the FTX Recovery Trust is expected to begin distributing funds to convenience class creditors (claim amount less than $50,000) on February 18, 2025. Only creditors who have completed all pre-distribution requirements will receive the distribution.
5. MetaMask Swap Expands Gas Fee Payment Options
according to official sources, the cryptocurrency wallet MetaMask has launched a new Gas Station feature, which can be enabled when users use the MetaMask Swap smart transaction, supporting token payment of Gas fees for exchanges, no longer limited to using only ETH for payment. Supported assets include: USDT, USDC, DAI, ETH, wETH, wBTC, wstETH, wSOL.
With the launch of Gas Station, users will be able to smoothly and quickly complete transactions—and the network fee will already be included in the quote they receive. In addition, users will no longer be limited to a specific liquidity source for exchanges, meaning that MetaMask will continue to compare prices among various liquidity providers as it does now.
6. Trump Dismisses China’s Retaliatory Tariffs
according to market sources, Trump said “it doesn’t matter” when asked about China’s retaliatory tariff policy.
BlockBeats previously reported that U.S. President Trump signed an executive order on February 1st to impose a 10% tariff on goods imported from China. This latest U.S. trade protection measure has been widely criticized internationally and domestically.
The White House stated that for all goods imported from China, the U.S. will impose a 10% tariff on top of the existing tariffs. Trump said this is in line with his supported “protectionist measures.”
On February 4th, the Customs Tariff Commission of the State Council of China issued an announcement: with the approval of the State Council, starting from February 10, 2025, tariffs will be imposed on some imported goods originating from the United States. A 15% tariff will be imposed on coal and liquefied natural gas, and a 10% tariff will be imposed on crude oil, agricultural machinery, large cars, and pickups. In addition, the Chinese Ministry of Commerce and the General Administration of Customs will implement export controls on tungsten, tellurium, bismuth, molybdenum, and indium-related items.
7. Whale Acquires 761,000 UNI Tokens Amid Market Dip
according to EmberCN monitoring, a whale withdrew a total of 761,000 UNI (7.37 million US dollars) from Binance in the past 21 hours after this decline, with an average buy price of $9.67.
8. BlackRock’s Ethereum ETF Hits $700 Million Trading Volume
according to Trader T monitoring, yesterday BlackRock’s Ethereum ETF (ETHA) reached a trading volume of $7 billion, hitting a new all-time high. However, the net inflow/outflow of this ETF yesterday was 0.
On the other hand, BlackRock’s Bitcoin ETF saw a trading volume of $42 billion yesterday, and similarly, the net inflow/outflow of this ETF was 0.
9. Berachain Mainnet to Launch on February 6, 2025
the Berachain Foundation officially announced that the Berachain mainnet will launch on February 6, 2025.
BlockBeats previously reported that on February 4th, the Berachain Foundation released its network whitepaper. Berachain is a novel EVM-compatible Layer 1 blockchain designed to align the network’s value with the value of the applications built on top of it through a Proof of Liquidity (PoL) mechanism. With its core innovation of Proof of Liquidity (PoL), it transforms the incentive mechanism of traditional Proof of Stake (PoS), linking validator rewards to the needs of applications on the network.
In terms of the economic model, BERA is used for staking and transactions, while BGT is used for governance and rewards. The issuance of BGT is closely tied to BERA staking, and BGT can be burned to redeem BERA. Additionally, the PoL mechanism controls inflation by adjusting validators’ Boost to ensure network security and decentralization.
10. Hong Kong Legislator Calls for Bitcoin in Strategic Reserves
Hong Kong Legislative Councilor Wu Chi-wai posted on social media, stating that American AI and cryptocurrency “czar” David Sacks and Republican representatives held a press conference on February 4th to announce the formation of a bipartisan working group to develop cryptocurrency regulatory legislation. Wu Chi-wai pointed out that although Hong Kong has established a similar three-tier regulatory framework to the United States, including the Third Generation Internet Development Task Force, the Legislative Council’s Web3 and Virtual Asset Development Affairs Subcommittee, and the HKMA’s Stablecoin Regulatory Sandbox, it still needs to expedite its development.
He proposed five major suggestions: First, accelerate research on the feasibility of Bitcoin as a strategic reserve asset for Hong Kong; Second, expand the permissions of stablecoin companies already approved within the sandbox to expedite real-world applications; Third, seek national support to establish a stablecoin application pilot in the Greater Bay Area; Fourth, broaden the tradable assets for licensed virtual asset trading platforms; Fifth, establish a Digital Asset Office dedicated to promoting AI and virtual asset development. Wu Chi-wai revealed that he has been invited to attend the Bitcoin Conference in Las Vegas in May, where he will promote cooperation in the cryptocurrency industry among China, the United States, and Canada.




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