1. Top 10 CEX Trading Volume and 24-Hour Price Change:
BNB: + 0.77%
BTC: + 1.48%
ETH: + 2.56%
SOL: -0.22%
CREAM: + 0.71%
DOGE: + 3.51%
PIVX: + 7.16%
TRUMP: + 2.59%
TST: -0.33%
ADA: + 8.7%
24-Hour Gainers (Data from OKX):
MERL: + 25.49%
XNO: + 24.76%
USTC: + 23.69%
MAJOR: + 20.71%
BANANA: + 18.84%
PSTAKE: + 17.19%
AIXBT: + 16.8%
RIO: + 15.43%
RAY: + 13.95%
PENDLE: + 12.65%
2. Top 5 Mainnet Meme Coins (Data from GMGN):
VIDEO
GChild
MARKCUBAN
PEACH
LittlePony
3. 24-Hour Trending Coins
MERL: MERL is the native governance token of the Merlin Chain, a Bitcoin Layer 2 with EVM compatibility to provide advanced applications for native Bitcoin assets.
XNO: Nano (formerly RaiBlocks) is a peer-to-peer payment blockchain system. It was launched in 2014, rebranded in 2018, and renamed its native token to Nano (XNO) in 2021. XNO has various use cases, including microtransactions, banking infrastructure, online and offline payments, remittances, foreign exchange, and trading. A key application of XNO is in selecting network validators or representatives.
Headlines
Nasdaq Submits CoinShares LTC ETF and XRP ETF Listing Applications
According to market news, Nasdaq has submitted applications to list and trade the CoinShares LTC ETF and XRP ETF.
Story to Launch Mainnet and Open IP Airdrop Claim on February 13
Layer 1 intellectual property blockchain Story announced that it will launch its public mainnet on February 13 and open IP airdrop claim and eligibility query.
Japan's Financial Services Agency has begun considering positioning crypto assets (virtual currencies) as securities-like financial products, aiming to require companies to disclose more detailed information to protect investors.
Industry News
The South Korean financial authorities are introducing self-regulatory regulations for virtual asset disclosure this year. The second phase of the bill regulating virtual asset disclosure and issuance is currently under discussion, with the policy being self-regulation to minimize regulatory loopholes.
Metaplanet Plans to Issue 4 Billion Yen in Ordinary Bonds to Purchase More Bitcoin
Japanese listed company Metaplanet announced on the X platform that it will issue 4 billion yen in ordinary bonds to purchase more Bitcoin.
Economist Warns the Fed May Not Cut Rates at All This Year
The Federal Reserve paused rate cuts at its January meeting, and whether and when it will resume rate cuts remains uncertain, especially as the market waits to see how Trump's second-term tariff and immigration policies will develop.
The US Commodity Futures Trading Commission (CFTC) announced a consent order charging New York resident Rashawn Russell for participating in a digital asset trading scheme that defrauded investors of approximately $1.5 million in crypto assets from 2020 to 2022.
Project News
Kaito Founder: Will Introduce Shadow Ban Mechanism as Punishment for Low-Quality Content
Kaito founder Yu Hu stated on the X platform that an algorithm-based shadow ban is coming soon, and Yap points may be reduced if necessary, as low-quality interaction bait, while not causing much discussion, is creating chaos and noise and violating most principles.
Arweave Computation Platform AO: First Mainnet Token Minting Completed
Arweave computation platform AO announced that the first mainnet token minting has been completed, with new tokens minted around 6:20 pm ET daily, marking the start of 100% fair distribution aimed at long-term sustainability.
Virtuals Protocol: Launchpad to Launch Soon, $VIRTUAL Tradable on Solana
Virtuals Protocol announced on the X platform that the $VIRTUAL token is now tradable on Solana, and the Launchpad will launch soon, allowing users to bridge $VIRTUAL between Base and Solana using the Stargate bridge to enhance cross-chain interoperability.
The Berachain Foundation announced in X that the RFB and Social airdrops are now open for claiming. The RFB allocation has been granted to applications and communities that have been building on Berachain for years, and recipients should follow the relevant guidelines published in the official blog post.
Please note: Given the proximity to the release date, the RFB and Social allocations have already been included in the circulating supply at the time of release, and they will not affect the circulating supply of BERA.
Investment and Financing
ZK Digital Identity Project Holonym Foundation Acquires Gitcoin Passport for $10 Million
The Holonym Foundation, a ZK digital identity project, announced the acquisition of the identity verification platform Gitcoin Passport for $10 million to expand its network. The acquisition is expected to be completed by the end of 2024, and will combine Gitcoin Passport's "human proof" system with Holonym's "human network", which uses ZK technology to achieve privacy-focused on-chain reputation.
Ethereum Security Platform Drosera Raises $3.25 Million, Led by Greenfield Capital
The Ethereum security platform Drosera has completed a $3.25 million funding round, bringing its total funding to $4.75 million. The round was led by Greenfield Capital, with participation from Anagram, Paper Ventures, Arrington Capital, UDHC, and Pulsar. Drosera plans to use the raised funds to continue developing Traps, invest in community growth, and explore expansion to other EVM-compatible chains. Additionally, Drosera is preparing for the mainnet launch scheduled for the second quarter of this year.
Voices
Sonic Labs Team Member Publicly Questions Base Sequencer Revenue Flow, Implying Base Team Dumped ETH
According to a post by The Assistant, a BD/Strategy member of Sonic Labs, on X platform, the profit margin of the Base L2 network's sequencer is around 90% (over $10 million), and all the ETH has flowed into the exchange following the order of Base > Ethereum > Coinbase.
Base was launched on August 9, 2023. According to Coinbase's Q2 2023 report, as of June 30, 2023, the balance sheet had $230 million in ETH, at a price of $1,934/ETH, equivalent to 118,924 ETH.
However, the information shared by the Base team mentioned that in Coinbase's Q4 2024 financial statements, only "119,696 ETH" was recorded. This means that since the launch of the Base mainnet, Coinbase has only increased its balance sheet by 772 ETH, which is approximately $2 million at the current price.
It is worth noting that the "cost" of Base's sequencing fees is 0, as they are not purchased but earned. At the same time, a few hours ago, the Base team sent nearly 240.35 ETH (worth $618,960.05) to the Coinbase exchange. The question is: where did the remaining over $10 million go?
This tweet was reposted and supported by Sonic Labs founder Andre Cronje.
Ethereum Foundation researcher Justin Drake believes that with the reduction in ETH issuance, it will "soon" become an "ultra-sound" money, while Bitcoin will be "phased out" as it approaches the 21 million supply cap, sparking debates between the two communities.
Michael Saylor: Strategy's BTC Gains Reach 4.1% YTD, Current Holdings at 478,740 BTC
Strategy founder Michael Saylor announced on X platform that the company has purchased 7,633 BTC at an average price of $97,255 per BTC, for a total of approximately $744 million, and has achieved a 4.1% BTC gain so far in 2025. As of February 9, 2025, Strategy holds 478,740 BTC.
