KEYTAKEAWAYS
- Traditional financial institutions demonstrate increasing crypto adoption, with BMO and Barclays making significant ETF investments totaling over $280 million in Q4 2024.
- CZ's social media activity regarding his pet triggered an unexpected BNB Chain stress test, exposing both network limitations and memecoin risks.
- Regulatory landscape shows positive shifts worldwide, with Bybit's French compliance, Hong Kong's advisory initiatives, and Texas's expanded cryptocurrency reserve legislation.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. SEC Acknowledges Dogecoin ETF Application, Sparking Market Rally
On February 13, 2025, the SEC’s acknowledgment of Grayscale and NYSE’s Dogecoin ETF application triggered significant market movements. DOGE price surged from $0.12 to $0.15 within an hour, while trading volume doubled to 10 billion DOGE. The event sparked the creation of 50,000 new DOGE addresses and saw substantial increases in trading pairs across major exchanges. Technical indicators showed strong bullish signals, with RSI rising from 55 to 70 and significant whale activity observed.
2. Coinbase Reports Strong Q4 2024 Performance
Coinbase posted impressive Q4 results with EPS of $4.68 on net revenue of $2.2B, significantly higher than last year’s $1.04 EPS on $1.84B revenue. The company reported full-year revenue of $6.6B and net income of $2.6B, highlighting improved regulatory conditions and projecting Q1 2025 subscription revenue between $685M-$765M.
3. Trump’s World Liberty Financial Makes Strategic Crypto Moves
World Liberty Financial, backed by President Trump, executed major purchases including $1.4M in MOVE tokens and $5M in wrapped BTC. The project also staked 2,221 ETH ($5.9M) with Lido Finance and deposited 5M USDC into Aave, while announcing the formation of a strategic token reserve called Macro Strategy.
4. Bank of Montreal Reports Massive Bitcoin ETF Investment
BMO increased its Bitcoin ETF holdings by 1053.85%, from $13M to $150M in one quarter. The investment included $139M in BlackRock’s iShares ETFs and $11M distributed among ARK 21Shares, Grayscale, and Fidelity Bitcoin ETFs, demonstrating significant institutional adoption.
5. CZ’s Pet Name Revelation Sparks BNB Chain Activity
Binance founder CZ’s revelation of his dog Broccoli’s name triggered an unprecedented memecoin creation event, leading to significant BNB Chain network congestion. The event turned into a large-scale stress test, with multiple tokens reaching high valuations before experiencing dramatic price drops, highlighting both opportunities and risks in memecoin trading.
NOON NEWS
1. Canadian ETF Industry Records Historic Growth
ETFGI reported record-breaking net inflows of $64.03B for Canadian ETFs in 2024, with total assets reaching $397.15B. The industry showed substantial growth across equity, fixed-income, and active ETF categories, marking a 26.7% increase from 2023.
2. US Ethereum Spot ETF Records Significant Inflows
Trading data revealed $12.83M in net inflows for US Ethereum spot ETFs, indicating sustained institutional interest in regulated crypto investment products.
3. Trump’s WLFI Investment Position Update
On-chain analysis shows Trump’s World Liberty Financial Initiative reduced floating losses to $49.153M after increasing positions in WBTC and MOVE tokens worth $6.41M, with most actively purchased tokens being transferred to Coinbase.
4. BNB Chain Leads Daily Transaction Fees
BNB Chain’s daily transaction fees surpassed $5.8M, exceeding Solana’s $3.3M and surpassing Ethereum for the first time since Halloween 2024. PancakeSwap drove the majority of this activity.
5. Barclays Discloses Major Bitcoin ETF Holdings The UK’s second-largest bank, Barclays, revealed holdings of $131M in BlackRock’s Bitcoin ETF (IBIT), marking another significant institutional entry into the crypto market.
EVENING NEWS
1. Bybit Achieves French Regulatory Milestone
Bybit was removed from the French Financial Markets Authority’s blacklist after two years of compliance efforts. CEO Ben Zhou announced plans to pursue an EU MiCA license, though the exchange continues to face regulatory challenges in other regions.
2. Hong Kong SFC Launches Virtual Asset Advisory Initiative
The Hong Kong Securities and Futures Commission held its inaugural Virtual Asset Advisory Group meeting with licensed trading platforms, chaired by Dr. Ye Zhiheng, focusing on developing sustainable regulatory frameworks.
3. Bitget Secures Bulgarian VASP License
Cryptocurrency exchange Bitget obtained a Virtual Asset Service Provider license from Bulgaria’s National Tax Service, enabling comprehensive crypto services in the country as part of their 2025 European expansion strategy.
4. Texas Lawmakers Expand Cryptocurrency Reserve Bill
Texas reintroduced an enhanced version of their crypto reserve bill, SB 21, expanding beyond Bitcoin to include cryptocurrencies maintaining a $500B market cap for one year, though Bitcoin currently remains the only eligible asset.
5. BNB Chain Developer’s Remarkable Memecoin Success
A developer on BNB Chain achieved a 9,517x return in 24 minutes through a Broccoli-themed token, turning 1 BNB ($707) into 9,819 BNB ($6.72M), later converting profits to ETH, USDT, and USDC.
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