Gate Crypto Flash News and Market Updates

Renowned analyst Willy Woo pointed out that the valuation trend of Bitcoin relative to gold has been broken, as the market is pricing in quantum computing risks in advance. It is expected that Bitcoin will be repaired through quantum resistance measures in the future, but approximately 4 million lost BTC will exert significant pressure. The market needs to consider this impact, and it is anticipated that prices will be suppressed before "Q-Day."

ChainCatcher reports that, according to Arkham data, at 13:19, 60 BTC (worth approximately $4.1 million) were transferred from Cumberland DRW to an anonymous address (starting with bc1q2k6v...).

PANews February 16 News, according to Whale Alert monitoring, a dormant pre-mining address containing 1,430 ETH (worth $2,812,968) has just been activated after 10.6 years of dormancy (these ETH were only worth $443 in 2015).

PANews February 16 News, according to Jintiao, spot gold continues its decline, breaking below $4,970 per ounce, down 1.53% for the day.

BlockBeats News, February 16 — Animoca Brands announced that it has obtained a Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Assets Regulatory Authority, authorizing Animoca Brands to operate in the Emirate of Dubai (excluding Dubai International Financial Centre) and to provide virtual asset (VA) brokerage trading services, VA management, and investment services for global institutional and qualified investors.

Multiple tokens will undergo large-scale unlocks this week, including ZRO, YZY, ARB, KAITO, and ZK. Among them, ZRO will unlock 25.71 million tokens (5.98% of circulating supply), YZY will unlock 62.5 million tokens (17.24% of circulating supply), ARB will unlock 92.65 million tokens (1.88% of circulating supply), KAITO will unlock 32.6 million tokens (10.64% of circulating supply), and ZK will unlock 173 million tokens (3.06% of circulating supply).

Matrixport Daily Analysis indicates that the criterion for a Bitcoin bear market is whether declines occur frequently within 30 days. Such drops are rare during a bull market but more common in a bear market. Even during a bear market, rebounds can occur, so investors need to stay disciplined and look for market phase opportunities.

Victory Digital Technology Co., Ltd.'s digital asset trading platform VDX has obtained a license to operate as a virtual asset trading platform in Hong Kong, allowing it to conduct securities trading and automated trading services. At the same time, its subsidiary VDX Custody Limited has also been licensed to provide digital asset custody services. Currently, the number of licensed virtual asset trading platforms in Hong Kong has increased to 12.

BlockBeats News, February 16, According to HyperInsight monitoring, "Brother Ma Ji" Huang Licheng's address just closed a small profit on VVV long position and increased his long position on HYPE. Currently, he is using 10x leverage to hold 13,888.88 HYPE with a floating loss of $4,400, and 25x leverage to hold 5,250 ETH with a floating loss of $326,000.

ChainCatcher message: According to Web3 asset data platform RootData's token unlock data, SOON (SOON) will unlock approximately 21.88 million tokens on February 23 at 13:00 Beijing time, valued at about $4.02 million.

ChainCatcher message: According to token unlock data from the Web3 asset data platform RootData, Spacecoin (SPACE) will unlock approximately 93,771,000 tokens at 20:00 Beijing time on February 23, with a value of about $7.43 million.

ChainCatcher message: According to Web3 asset data platform RootData's token unlock data, Zora (ZORA) will unlock approximately 16,667,000 tokens at 21:00 Beijing time on February 23, valued at about $3.51 million.

Odaily Planet Daily reports that according to Gate's latest market data, spot gold opened lower and continued to decline, breaking below the $5000 mark, currently at $4994.38 per ounce, with the intraday decline expanding to 0.93%.

ChainCatcher reports that, according to Arkham data, at 10:42, 153.21 BTC (worth approximately $10,486,000) was transferred from one anonymous address (starting with bc1qyg...) to another anonymous address (starting with bc1q0f...).

PANews February 16 News, according to on-chain analyst Ai Yi's monitoring, address 0x806…904aa fully liquidated its ETH bought at a high price of $2055.36 on 02.13, selling at $1977.31, incurring a loss of $171,000; over the past six months, its 9 trading cycles have only been profitable once, with a win rate dropping to 11.1%, and a total loss of $1.432 million.

PANews February 16 News, YZi Labs announced that the team submitted a revised BNC Preliminary Consent Statement to the U.S. Securities and Exchange Commission (SEC) on February 13, and is currently under review. YZi Labs reminds shareholders that they are currently unable to vote or submit consent forms; please wait for official updates regarding the schedule.