MarsBitNews

xAI has lost two co-founders in a row, facing challenges of talent attrition and conflicts over technical direction. Musk's extreme management style may have impacted the team's creativity, and competition for top talent in the AI industry is also intensifying. The future of xAI faces a severe test.

According to SoSoValue data, recent Ethereum spot ETF total net outflows have reached $129 million, with Fidelity FETH experiencing the largest outflow at $67.0874 million. BlackRock ETHA also had a net outflow of $29.4426 million. Currently, the total net asset value of Ethereum spot ETFs is $11.273 billion.

Mars Finance reports that, according to Onchain Lens monitoring, a whale (0xc6f5) has deposited another $2.5 million USDC into HyperLiquid and opened a $18.5 million ETH 25x leveraged long position. Previously, this whale closed a ETH long position at a loss of $547,071.

According to Mars Finance, Bitcoin spot ETF net outflows reached $275.81 million, with major outflows from products including BlackRock, Fidelity, Bitwise, Ark, VanEck, and Grayscale. Only WisdomTree recorded a net inflow of $6.78 million.

The article discusses the impact of AI applications on traditional SaaS and the potential challenges NVIDIA faces in the computing power market. Emerging algorithms (such as MoE) and specialized hardware (like Cerebras chips) are reducing the operational costs and inference speeds of AI, which could lead to a shrinkage in NVIDIA's market share and valuation. Future technological advancements may quietly alter the landscape of computing power competition.

The Thai cabinet approved amendments to the Derivatives Act, allowing digital assets to be used as supporting tools for regulated derivatives, promoting market growth and risk management. The Securities and Exchange Commission of Thailand will establish corresponding rules to facilitate digital asset operators in offering crypto-related contracts.

Mars Finance reports that YZi Labs has fully launched the EASY Residency S3 interview process, seeking developers in 8 Web3 fields, including oracles, stablecoins, crypto insurance, and more. Developers from all ecosystems are welcome to apply, supporting visionary founders.

Mars Finance reports that the perpetual preferred stock STRC issued by Strategy returned to a $100 face value on Wednesday, marking the first time since mid-January, and signaling its key benchmark for increasing Bitcoin holdings. The annual dividend yield of STRC is 11.25%, aimed at reducing volatility.

With the rise of prediction markets, Wall Street financial institutions are competing with traditional bookmakers such as DraftKings, Fanatics, and FanDuel. Bookmakers attempt to enter this new sector by partnering with market makers, but their odds setting is not entirely superior compared to professional institutions on Wall Street. Although both face liquidity challenges in market making, as they attract more professional talent, their competitive advantages may gradually converge.

SEC Chairman Paul Atkins testified before Congress, outlining three major priorities for the future: combating fraud and protecting investors, reforming disclosure rules, and clarifying the regulatory framework for digital assets. He emphasized the need to modernize reporting systems and stated that he would work with the CFTC to advance "Project Crypto" to clarify the regulation of digital assets.

Hong Kong Legislative Council member Wu Jiezhuang stated that the gradually relaxed policies will promote the potential for licensed companies and industry development. He suggested establishing a dedicated agency to coordinate the development of digital and crypto assets and introducing clear regulations to support the growth of decentralized autonomous organizations in Hong Kong.

Mars Finance reports that Aster announced on the X platform that the Aster Chain mainnet will go live in March.

# The author of the original text: Jae, PANews
What should "real DeFi" look like? When Ethereum co-founder Vitalik Buterin cast his vote for algorithmic stablecoins, a reflection on risk, governance, and monetary sovereignty was reignited.
A single tweet was enough to shake a narrative worth hundreds of billions of dollars.
On February 9th, Vitalik Buterin posted a resounding perspective: algorithmic stablecoins are the "real DeFi."
This is not a technical fine-tuning suggestion for the current stablecoin landscape, but rather an authoritative reframing of DeFi's underlying logic. At a time when centralized stablecoins like USDT and USDC dominate the market, Vitalik's remarks are like a depth charge, bringing the long-dormant algorithmic stablecoin track back into the spotlight.
Stablecoin risk decoupling and de-dollarization interpret "real DeFi"

TD Securities delays the Fed rate cut forecast from March to June, expecting a 75 basis point cut to 3% this year. A 25 basis point cut is expected in June, September, and December. The easing policy is driven by inflation returning to target, not economic deterioration. U.S. Treasury yields will decline, with the 10-year yield expected to fall to 3.75% by year-end.

Mars Finance reports that on February 12, according to Alternative data, the current cryptocurrency Fear and Greed Index is 5 (yesterday was 11), and the market remains in a state of "Extreme Fear." Note: The Fear and Greed Index threshold is 0-100, including indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Buzz (15%) + Market Surveys (15%) + Bitcoin's Market Share (10%) + Google Search Trends (10%).

Mars Finance reports that on February 12, the decentralized trading platform Lighter added support for Korean stock contract trading. This includes HYUNDAI, SAMSUNG, SK HYNIX, and KRCOMP (Korea Composite Index), with a maximum leverage of 10x.

BlackRock Asia-Pacific iShares Director Nicholas Peach stated at the Consensus Hong Kong conference that if Asian investment portfolios allocate 1% of assets to cryptocurrencies, it could bring in nearly $2 trillion in capital inflows, significantly impacting the digital asset market. Asian household wealth is approximately $108 trillion, and ETF adoption is rapidly increasing.