Review of the major events in the cryptocurrency world this week 2.11

Last week, Russia banned government officials from holding cryptocurrencies , and Shenzhen issued a warning against illegal activities involving virtual currencies. Grayscale resumed private placement of Ethereum Trust and registered seven new cryptocurrency trusts; Musk and Reddit co-founder changed their Twitter homepage profiles to bitcoin.

#Regulatory/Agency#

1. The Russian Ministry of Labor prohibits government officials from owning cryptocurrencies and they must dispose of them before April 1.

2. With the upgrade of regulation in the Philippines, crypto exchanges and custody platforms need to apply for licenses to operate.

3. Shenzhen Local Financial Regulatory Bureau issued a risk warning on preventing illegal activities involving "virtual currency".

4. Grayscale resumed private subscription for the Ethereum Trust and registered seven new cryptocurrency trusts: AAVE, ADA, ATOM, EOS , XMR, DOT, and UNI.

5. Founder of Bridgewater Fund: Bitcoin is "a great invention" and the fund is considering using a new fund to invest in cryptocurrencies.

6. Musk and Reddit co-founder changed their Twitter homepage profile to bitcoin.

7. BlockFi registers Bitcoin Trust with the US SEC.

#project#

1. ETH 2.0 is expected to undergo a small-scale network upgrade in the middle of the year.

2. The Cosmos mainnet upgrade has been postponed to February 18.

3. Last week, Tether issued a total of 1.3 billion USDT.

#DeFi#

1.DEX trading volume exceeded US$50 billion in January 2021.

2.SushiSwap was attacked again, and the attacker used DIGG and WETH to provide initial liquidity to obtain huge profits.

3. Decentralized lending protocol Aave released the migration tool from V1 to V2.