SHELL Buyback Address has once again withdrawn 1 million tokens from Binance, and the buyback progress has reached 81.2%.

**MARA Finalizes 64% Stake Acquisition in France’s Exaion** MARA announced Friday its French subsidiary MARA France has completed the acquisition of a 64% stake in French digital infrastructure firm Exaion. The deal was initially struck in August 2023. Key transaction details: - NJJ Capital has formed a strategic partnership with MARA, taking a 10% stake in MARA France. - EDF Group will remain a minority shareholder and client of Exaion. Per a prior Bloomberg report, MARA purchased the majority stake for $168 million in cash from Exaion’s former parent EDF Pulse Ventures. The French government reviewed the deal over sovereignty concerns. Exaion’s board will include three representatives from MARA, EDF Pulse Ventures, and NJJ Capital, plus the company’s CEO and co-founder. Billionaire Xavier Niel and MARA CEO Fred Thiel will join the board together. The three parties said the partnership aims to: - Speed up Exaion’s expansion - Boost its secure cloud services and

On February 21, ProShares’ GENIUS Money Market ETF notched a record $17 billion in first-day trading volume, per The Block. The ETF holds assets meeting U.S. dollar stablecoin legal reserve requirements—including U.S. Treasury bonds. Structured to support issuers, the fund helps them fulfill daily redemption requests without offloading long-term bonds at a loss amid market stress.

**February 21st (Coindesk) — BNP Paribas’ French asset management arm is running a new Ethereum blockchain pilot, marking the first time it has issued tokenized shares of a French-registered money market fund.** The tokenized shares are issued on-chain via the bank’s Asset Foundry platform, using an Ethereum-based permissioned access model: holdings and transfers are restricted to eligible authorized participants to ensure compliance. In a statement, the company said the pilot is a one-time, limited internal group experiment designed to test end-to-end processes — from issuance and transfer agent services to tokenization and public blockchain integration — within a controlled regulatory framework. BNP Paribas Asset Management acts as the fund issuer, while its securities services division serves as transfer agent and broker.

Per Onchain Lens monitoring, Antalpha transferred 1,000 XAUT (valued at ~$5 million) to Bybit 13 hours ago on February 21, with the transaction likely intended for selling. The entity still holds 59,033 XAUT, worth roughly $300.69 million.

On February 21, Tether announced it will discontinue support for CNHT—an offshore Chinese yuan stablecoin—in two phases, aiming to align its product suite with real-world use cases, long-term sustainability, and community demand. ### Key Details: - **Immediate**: Halt all new CNHT issuances. - **1 year post-announcement**: End CNHT redemptions (advance notice will be provided before the deadline). Tether cited shifting market conditions, low product adoption, and limited community demand for the move. “CNHT usage is insufficient to justify the ongoing operational support needed to meet Tether’s product standards,” the company noted. CNHT holders are advised to redeem their holdings before the deadline. Moving forward, Tether will focus on stablecoins and infrastructure with strong organic adoption and long-term relevance, including core stablecoin liquidity, tokenization infrastructure, and new financial tools.

February 21 The SEC this week made minor updates to its “Broker-Dealer Financial Responsibility” FAQ, allowing SEC-regulated broker-dealers to count held stablecoins toward regulatory capital. “This isn’t a new rule, but it’s reduced uncertainty for institutions looking to operate in compliance with current securities laws,” said Digital Chamber of Commerce CEO Cody Carbone. Tonya Evans—head of a crypto education institution and Digital Currency Group board member—wrote on X: “This means stablecoins are now treated the same as money market funds on a company’s balance sheet. Before, some broker-dealers would zero out stablecoin holdings in capital calculations; holding them was a financial penalty, and that’s now over.” Previously, stricter SEC restrictions made it hard for registered broker-dealers to custody tokenized securities or act as intermediaries. Ethena Labs Deputy General Counsel Larry Florio noted on LinkedIn: “From Robinhood to Goldman Sachs, everything hinges o