KEYTAKEAWAYS
- Artemis data: Base network sees $152.5 million net inflows, ranked first.
- SEC acknowledges receipt of Grayscale’s revised spot XRP ETF application.
- FBI’s “Operation Level Up” Targets Crypto Fraud, Preventing Millions in Losses.
CONTENT
ARTEMIS DATA: BASE NETWORK SEES $152.5 MILLION NET INFLOWS, RANKED FIRST
On February 14, according to Artemis data, Base Network saw net inflows of $152.5 million over the past 7 days, ranking first. Solana followed with $66.7 million in net inflows, securing second place. Bitcoin Network ranked third with $17 million in net inflows.
Analysis:
The significant growth of Base Network reflects its increasing appeal for funds, likely due to its active role in decentralized finance (DeFi) and other blockchain applications. Solana’s continued inflows show its strong appeal among developers and users, despite facing some network stability issues. In contrast, Bitcoin’s smaller inflows suggest a trend where funds are concentrating on more active ecosystems.
This data indicates that newer and more dynamic blockchain platforms like Base and Solana are attracting significant investments, potentially driving their future growth and innovation.
SEC ACKNOWLEDGES RECEIPT OF GRAYSCALE’S REVISED SPOT XRP ETF APPLICATION
On February 14, the U.S. Securities and Exchange Commission (SEC) confirmed it had received the revised application for a spot XRP ETF from Grayscale. This marks a key step forward in Grayscale’s efforts to list an XRP ETF, despite previous legal disputes between the company and the SEC over XRP’s legal status. The revised submission could provide greater momentum for the ETF process, though the SEC’s final decision is still pending.
Analysis:
Grayscale’s application will undergo further review, with the SEC assessing factors like market demand, investor protection, and potential market stability. If approved, the launch of an XRP ETF could significantly impact XRP’s market, especially its liquidity and participation from mainstream investors.
GOPLUS REVEALS SUSPECTED LARGE-SCALE WALLET HACK, INVOLVING $1.24 MILLION IN ASSETS
On February 14, GoPlus revealed a suspected large-scale wallet hack, though it remains unclear which platform was affected. Initial speculation suggests that the incident may be linked to past data breaches, which could have led to today’s massive theft.
According to DeBank data, the attackers profited from multiple platforms and wallets, totaling around $1.24 million in assets spread across several EVM chains, involving at least 800 different tokens. Based on the distribution of assets, many victims appear to be part of “yield farming” groups, suggesting that the attackers specifically targeted these fast-profit users.
Analysis:
The asset distribution shows that most victims are part of “yield farming” groups, who often acquire tokens quickly through airdrops and reward programs. Attackers may have targeted these users due to their more liquid assets and weaker security measures. These users tend to have lower security awareness, making them easier targets for attacks.
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