Backpack: Users can stake Backpack tokens for at least one year and exchange them for a fixed percentage of 20% equity in the company

Bitget Market Data (February 23) — At the opening bell of U.S. equities markets, the Dow Jones Industrial Average dropped 0.33%, the S&P 500 Index fell 0.15%, and the Nasdaq Composite declined 0.13%. Crypto-related stocks trended broadly lower, with the following moves: - Coinbase (COIN): -4.46% - Circle (CRCL): -1.41% - MicroStrategy (MSTR): -3.00% - Gemini (GEMI): -1.37% - Bitmine (BMNR): -4.00% - StrongNode (SNODE): -3.42% - Bit Digital (BTBT): -1.22% - ETHZilla (ETHZ): -3.05% - ALT5 Sigma (ALTS): -3.12% - American Bitcoin (ABTC): -4.00% - Kindly Medical (NAKA): -4.33% - Solana Co (HSDT): -3.45%

On February 23, Dylan—a core member of the World Liberty Financial team (handle: @0xDylan_)—posted on social media that someone orchestrated an "attack" targeting WLFI and USD1. USD1 is fully compliant and maintains 1:1 full collateralization.

On February 23, per LookOnChain monitoring, wallet 0x5041 received 26.6 million WLFI tokens (valued at $3.2 million) from a wallet linked to WLFI’s official team two days prior. Just 20 minutes ago, the same wallet deposited 6 million WLFI tokens (worth $664,000) into Binance.

On-chain data analyst Yu Jin reported on February 23 that: - Strategy currently holds 717,722 BTC (valued at approximately $47.501 billion), with an average cost of $76,020 and an unrealized loss of $7.059 billion. - BitMine holds a total of 4,422,659 ETH (valued at roughly $8.504 billion), with an average cost of $3,779 and an unrealized loss of $8.208 billion.

On Feb. 23, Changpeng Zhao (CZ), founder of Binance, told Bloomberg in an interview at the World Liberty Financial Forum that Binance aims to expand its U.S. business further, bringing top-tier products to the country to make it easier for American consumers to access these high-quality offerings. During the interview, CZ noted that after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance.US in 2023, the platform’s U.S. arm lost numerous banking partners and market share, facing significant hurdles. The lawsuit was dismissed last year under SEC Chair Paul Atkins—appointed by former President Trump—amid a shift to a more favorable regulatory landscape. Now, once-unreachable goals like deeper banking partnerships and even pursuing a banking license are “entirely feasible,” he said, though he stressed that any such steps would hinge on assembling the right team and securing proper legal counsel.

On February 23rd, per LookOnChain data, a crypto whale address resumed ETH selling following a 5-day dormancy period, depositing 13,249.5 ETH (valued at $24.94 million) to OKX 4 hours ago.