A certain whale address has sold 2503 PAXG in the past 3 weeks
Per Onchain Lens Monitoring data, as of February 14th, the whale address "samurai.eth" sold 601 PAXG in the past 24 hours, receiving 3 million USDT and 2.28 ETH (worth ~$4,680).
Over the past three weeks, the address has offloaded a total of 2,503 PAXG, with an aggregate value of ~$12.89 million and an average selling price of $5,150 per token.
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Tether Invests in Hyperliquid Mobile Entry Dreamcash Parent Company
February 14 — Stablecoin giant Tether has invested in Dreamcash, the parent company of Hyperliquid’s mobile entry point.
The move coincides with the launch of the first batch of USDT-collateralized real-world asset (RWA) perpetual contract markets on the popular DEX Hyperliquid, per a Friday announcement. The markets rolled out in partnership with Selini Capital, Dreamcash, and Tether, and include:
? Stock indices like the S&P 500
? Commodities including gold and silver
? Individual stocks such as Tesla, NVIDIA, Google, Amazon, Meta, Robinhood, Intel, and Microsoft
Tether’s investment will fund Dreamcash’s CASH market’s $200,000 weekly incentive program, where traders earn rewards based on their “share of total USDT trading volume.” Dreamcash did not disclose the specific size of Tether’s investment.
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X Product Owner: Planning to further combat spam and will conduct detection, proposing to delay the bot integration.
On February 14, Nikita Bier—X Product Lead and Solana Advisor—announced that X will roll out additional mechanisms to detect automated behavior and spam. The platform will continue strengthening related measures going forward.
If the system detects an account has not been interacted with manually, the account and its associated accounts may be suspended. This restriction could be triggered even if the account is only used for technical testing or experimentation.
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Institution: Bitcoin Still Faces Further Downside Risk, Deep Bear Market Price Could See Another 'Halving'
February 14th — A strategist at Ned Davis Research told clients this month that Bitcoin still faces further downside risk, despite sharp sell-offs in recent months.
Ned Davis Research Chief Global Strategist Pat Tschosik and analyst Philippe Mouls noted that based on an analysis of Bitcoin’s past downtrend cycles, if the current bear market develops into a full-fledged “crypto winter,” the peak-to-trough decline could reach 70%-75%, pushing Bitcoin’s price as low as $31,000.
Bitcoin has already fallen 44% from its October 2023 peak. A drop to $31,000 would mark a further 55% decline from current levels.
Tschosik and Mouls added that historical data dating back to 2011 shows previous Bitcoin bear markets averaged an 84% decline over 225 days. However, only 129 days have passed since Bitcoin peaked in early October last year.
That said, the two analysts stressed a “crypto winter” is not inevitable. Bitcoin now has more institutional buyers than in prior cycles, which could le
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"CLARITY Act" Standoff Reaches Deadlock, Banks and Crypto Industry Firm in Positions, White House Calls for Compromise by End of Month
On February 14, the deadlock over stablecoin yields in the U.S. Senate’s Crypto Market Structure Bill (known as the CLARITY Act) escalated—with crypto advocates arguing user rewards are non-negotiable.
This week, a second White House meeting between Wall Street bankers and crypto executives collapsed—despite Trump administration officials pressing for compromise. Banks adopted a hardline stance, claiming any stablecoin yield or reward is unacceptable, as it would undermine the U.S. banking system’s core deposit-taking business. Their position was laid out in a one-page paper: *“Revenue and Interest Prohibition Principle.”*
On Friday, the Chamber of Digital Commerce (CoDC) countered with its own principles document, endorsing the Senate Banking Committee’s draft terms for acceptable reward scenarios. The group clarified it would back the bankers’ proposed two-year study on stablecoins’ impact on deposits—provided the study does not automatically trigger regulatory rulemaking.
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Grayscale: Zcash's privacy "very interesting," working on turning trust into ETF
On February 14th, Grayscale Chief Legal Officer Craig Salm spoke at the Consensus Hong Kong conference, noting:
“If you have a business need to send a large sum to a supplier but don’t want competitors or other firms to see that transaction—since it could expose sensitive business details—you’d want that deal to be private.
Paying with Bitcoin won’t cut it here, though: the blockchain is transparent, and we’ve seen entities on explorer platforms that specialize in tracking on-chain transactions. So it’s easy to picture scenarios where this privacy need matters.
Privacy-focused tokens like Zcash stand out for their ‘selective disclosure’ feature: you can share specific information only with the right party. For example, you could prove to tax authorities you paid correctly while keeping daily business or personal transactions private.
We think this is a really interesting asset. We already have a sizable Zcash Trust, and we’re working to convert it into an ETF—just like we’ve do
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