Crypto Morning Brief: Berachain TGE on February 6, FTX's first creditor payouts to be distributed on February 18
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Crypto Morning Brief: Berachain TGE on February 6, FTX's first creditor payouts to be distributed on February 18
Monad announced that its testnet will launch this month.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
First FTX creditor payouts to begin on February 18
Creditors of the FTX digital asset exchange in the Bahamas have received official confirmation emails regarding payouts. The first round of distributions will begin on February 18, 2025, at 10:00 AM Eastern Time. Claimants with amounts below $50,000 will receive compensation at an annualized interest rate of 9% calculated from November 11, 2022.
Creditors must receive funds via the BitGo platform and verify their Enterprise ID information to ensure secure delivery. Payouts may appear as pending transactions up to 10 days before the payment date. After disbursement, funds will initially show as "confirmed," but require several additional hours of processing before they can be withdrawn and used.
The liquidation team emphasized that this will be the first and final payout for creditors, after which all related claims will be fully canceled. Creditors are also reminded to watch out for scams and never provide sensitive information through email. All payment details will be handled exclusively through the official FTX Digital Claim Portal.
MicroStrategy sells new preferred shares at 20% discount, raising $563 million
According to Bloomberg, MicroStrategy successfully sold units of newly issued preferred stock last week at $80 per share, a 20% discount from its marketed price, resulting in an effective yield of 10%.
The total capital raised reached $563 million, more than double the initial target. The preferred shares will pay quarterly dividends, with a conversion price set at $1,000—approximately 200% of the current closing price. The company stated this is part of its plan to raise up to $2 billion in funding this quarter.
Currently, MicroStrategy holds approximately $47 billion worth of Bitcoin, representing over 2% of the total Bitcoin supply.
Berachain token TGE scheduled for February 6; tokenomics and Checker tool to launch February 5
Berachain announced it will simultaneously launch its mainnet and conduct a Token Generation Event (TGE) on February 6, with details on tokenomics and the Checker tool to be released on February 5.
Monad announces testnet launch this month
Monad, an Ethereum-compatible Layer 1 public blockchain, announced on social media that its testnet will launch within February 2025.
Justin Sun: Li Lin concealed $30 million deficit in Huobi sale, refused to repay after exposure
Justin Sun posted on X, stating, “Insiders know that Li Lin withheld due diligence materials and created a $30 million shortfall internally. When I discovered the manipulation and exposed it, he denied responsibility and refused to repay anything—I had to cover it with my own funds.”
Movement launches one-year Cornucopia program to boost ecosystem liquidity
The Movement ecosystem has announced the launch of a one-year Cornucopia program aimed at significantly increasing DeFi liquidity on Movement. The first phase began last week, with most vaults (supporting BTC, ETH, and stablecoin assets) now officially open, while the MOVE vault is即将上线. Users who deposit assets will have them returned via the upcoming Movement Public Mainnet Beta after an 8-week lock-up period.
Sol Strategies increases holdings by 40,300 SOL at average price of $246.53, total position nears 190,000
Canadian cryptocurrency holding company Sol Strategies announced it acquired 40,300 additional SOL tokens between January 19 and January 31, spending approximately $9.93 million at an average purchase price of $246.53 (including fees).
As of January 31, Sol Strategies and its subsidiaries collectively hold 189,968 SOL at an average purchase price of approximately $179, with a total value nearing $40 million.
Fed's Jefferson: No rush to cut rates, strong economy calls for caution
Federal Reserve Governor Jefferson stated there is no need to rush into further rate cuts, as strong economic conditions warrant a cautious approach.
He expects inflation to continue declining, though the process may be gradual. Jefferson noted that interest rates may fall over the medium term, but the Fed currently faces uncertainty around government policies. He also anticipates that economic growth and labor market conditions will remain robust.
Grayscale officially files LTC ETF 19b-4 application
In the early hours today, Grayscale officially submitted a 19b-4 application for a Litecoin (LTC) ETF.
Market Update
Suggested Reading
Crypto Marketing 101 Lesson One: How to Craft a Strong Narrative
This article explores how narrative can enhance a crypto project’s impact and appeal, emphasizing the importance of storytelling. Using the Sign project as an example, it explains how to build a grand vision and brand positioning through narrative. It also shares the author’s insights and experiences in crypto marketing.
Open Rug 24 - Kaito Three-Pool Model Analysis
This article provides a detailed analysis of Kaito’s three-pool model, including dividend pools, mutual aid pools, and potential split pools. By leveraging a veToken model and AI algorithms, Kaito aims to quantify KOL (key opinion leader) influence, control pricing at dissemination nodes, and achieve traffic monopoly and capital pool design through an innovative points mechanism. The article also examines Kaito’s potential and risks in the Web3 social space.
DeSpread: Exploring Berachain’s Ecosystem Features and Core Projects
This article comprehensively discusses Berachain’s ecosystem characteristics and key projects, including its unique Proof-of-Liquidity (PoL) consensus mechanism, decentralized finance (DeFi) protocols, liquid staking, lending protocols, derivative protocols, and community-driven ecosystem development strategies. It also covers upcoming mainnet developments and associated liquidity initiatives.
Why This Cycle Feels So Hard—What Should I Do?
This cycle is harder than previous ones, with intensified competition and more failures.
Investors holding BTC or SOL during the bear market have relatively performed better, while high-risk speculation could lead to profit erosion.
PTSD and widespread skepticism about "scams" are affecting altcoin market sentiment and behavior.
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