KEYTAKEAWAYS
- Former Binance CEO CZ's portfolio reveals extreme concentration with 98.51% in BNB, highlighting significant personal exposure to his former exchange's token.
- Solana faces potential selling pressure with $2B token unlock approaching, while major venture firms hold billions in unrealized profits.
- SEC's meetings with industry stakeholders signal potential regulatory shifts, with experts predicting most cryptocurrencies may be reclassified as commodities.
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. CZ Reveals Investment Portfolio with 98.51% in BNB
Binance co-founder CZ revealed his investment portfolio distribution, showing 98.51% in BNB, 1.32% in Bitcoin, 0.17% in EURI, and 0.03% in USDT. When questioned about his EURI holdings, CZ responded that he couldn’t recall the source but speculated it might be related to early Binance Card functionality.
2. Solana Faces Imminent Major Token Unlock
Crypto market maker Wintermute withdrew $38.2 million worth of SOL from Binance within the past 24 hours, just one week ahead of Solana’s largest-ever token unlock. The $2 billion event will release 11.2 million SOL into circulation on March 1, potentially creating significant selling pressure. SOL has already fallen 7.5% to a three-month low of $155. Analysts note that over the next three months, more than 15 million SOL (worth approximately $2.5 billion) will enter circulation, with most purchased by institutions like Galaxy Digital, Pantera Capital, and Figure at $64 per token through FTX auctions. These firms hold substantial unrealized profits, with Galaxy Digital, Pantera, and Figure sitting on approximately $3 billion, $1 billion, and $150 million respectively.
3. German Financial Giant DekaBank Enters Crypto Market
DekaBank, a German investment bank managing €377 billion ($395 billion) in assets, has launched cryptocurrency trading and custody services for institutional clients after nearly two years of development. Operating under European Central Bank supervision, the Frankfurt-based company secured crypto custody licensing from Germany’s Federal Financial Supervisory Authority (BaFin). Board member Martin K. Müller emphasized their experience, regulatory compliance, and ready-to-use infrastructure to support savings banks and institutional clients.
4. Bybit Hack Confirmed as Largest Financial Heist in History
According to Arkham, the February 21, 2025 Bybit hack resulting in $1.4 billion in losses now stands as the largest financial heist in history, surpassing the previous record of $1 billion stolen from the Central Bank of Iraq on March 18, 2003.
5. Michael Saylor Meets with SEC Crypto Task Force
FOX Business reporter Eleanor Terrett revealed that Strategy (formerly MicroStrategy) founder Michael Saylor met with the SEC’s crypto task force last Friday. The meeting reportedly covered token taxonomy and digital asset definitions. Additionally, Fidelity representatives met with the SEC crypto group on February 20 to discuss broker-dealer rules for digital assets, standardization of digital asset ETP listings, asset staking clarity, and regulatory treatment of blockchain rewards including liquidity mining. MITRE representatives also met with the SEC on February 21 to discuss stablecoin regulatory frameworks, DeFi centralization risks, systemic risk assessment, and smart contract circuit breaker mechanisms.
NOON NEWS
1. Raydium Responds to Pump.Fun AMM Rumors
Raydium core contributor InfraRAY responded to rumors that Pump.Fun might launch its own automated market maker (AMM), calling such a move a “strategic miscalculation.” He questioned whether Pump.Fun could replicate its success without Raydium’s infrastructure, citing potential issues including inadequate supporting infrastructure, low demand for migrated tokens, and insufficient launch volume. Currently, over 30% of Raydium’s daily trading volume comes from Pump.Fun tokens, representing a significant portion of its fee revenue. Pump.Fun co-founder Alon Cohen declined to comment on the speculation.
2. Fake SBF Account Claims Trump Pardon and Launches Meme Coin
A fake account impersonating Sam Bankman-Fried (@SBF_DOGE) posted false information claiming SBF received a pardon from Trump and joined the DOGE team. The account subsequently announced a meme coin launch and published a contract address. The account has received a gray verification badge on X (typically reserved for government or multilateral organization accounts), clearly engaging in identity fraud. Investors are warned to exercise caution regarding such scams.
3. Bybit Hackers Laundering Stolen ETH
The Bybit hackers have processed approximately 100,000 ETH, representing 20% of the stolen 499,000 ETH. They are actively splitting funds across multiple addresses and using THORChain for cross-chain swaps into BTC, DAI, and other assets. With 399,000 ETH still in their possession, the Bybit hackers hold more ETH than Vitalik Buterin or the Ethereum Foundation.
4. CryptoQuant CEO Shares Bullish ETH Outlook
CryptoQuant founder and CEO Ki Young Ju shared several bullish perspectives on ETH: (1) No significant selling pressure following the Bybit hack, with neutral on-chain and market data; (2) Ethereum hosts 56% of the stablecoin market cap, with potential growth in ETH-based stablecoins under Trump’s relaxed regulations; (3) ETH spot ETF approval and regulatory tailwinds could trigger a “Large Cap ETF altseason”; (4) Whale accumulation is evident with 10,000-100,000 ETH wallet balances increasing 24% over the past year.
5. El Salvador Adds to Bitcoin Holdings During Price Dip On-chain data shows El Salvador purchased 7 BTC during the recent price decline, bringing their total holdings to 6,088.18 BTC. The country’s accounts had not purchased BTC between February 19-24, with a total of 41 BTC added over the past 30 days.
EVENING NEWS
1. Analysis: SEC May Redefine Cryptocurrency Classifications
Regulatory expert Amy Lynch suggests the SEC may redefine cryptocurrency properties, with most tokens potentially classified as commodities, removing them from SEC jurisdiction. The SEC’s case against Ripple Labs regarding XRP issuance serves as a key indicator. The agency’s decision to drop its Coinbase lawsuit and end the Robinhood crypto investigation signals a major regulatory shift. Experts predict the SEC may drop other lawsuits initiated by the previous administration, including cases against Binance and Kraken.
2. Nasdaq Files 19b-4 Application for Grayscale DOT ETF
Nasdaq has submitted a 19b-4 application for the Grayscale DOT ETF (Grayscale Polkadot Trust), advancing institutional access to Polkadot through regulated investment products.
3. Bybit Continues ETH Acquisition via OTC
Bybit purchased an additional 36,893 ETH ($87.5M) through OTC channels approximately three hours ago. The exchange has acquired a total of 212,101 ETH ($574M) via OTC in the past three days, demonstrating aggressive recovery efforts following the recent hack.
4. Bitcoin Market Cap Falls to Tenth Position Globally
According to 8MarketCap data, Bitcoin’s market capitalization has fallen to $1.766 trillion, declining 7.74% in 24 hours. It has dropped three positions, now behind Vanguard Total Stock Market ETF ($1.837 trillion), silver ($1.83 trillion), and Saudi Aramco ($1.771 trillion), placing it tenth among global assets.
5. Bitcoin ETFs Experience Significant Outflows
Since reaching their peak on February 7, 2025, Bitcoin ETFs have experienced net outflows totaling $1.649 billion, indicating a shift in institutional investment sentiment.
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