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1. Hot topics: PUMP, DOGE, POLYMARKET; 2. Biggest rises and falls: $NEIRO, $DEEP, $VIRTUAL; 3. On-chain fund movement: $11.9M flows into Solana, $29.6M flows out of Ethereum; 4. Top news: Solana ecosystem DEX Jupiter TVL hits a record high
No one really knows how much yield and staking income Ethena has received from its $2.6 billion user fund, or whether it has flowed all of it to SUSDe holders.
The cryptocurrency market is preparing for large amounts of token unlocks in many altcoins in the new week.
Share link:In this post: Michael Bouhanna, Sotheby’s VP, launched his own meme coin, BAN, after losing money on other meme coins, using insider wallets to make over $1 million. Bouhanna openly shared his wallet address before deleting it, revealing his link to BAN’s creation and insider buys for profit. His setup included multiple wallets funded from a single source, allowing him to control and trade under the radar.
Share link:In this post: Bitcoin dominance hit 59.75% this week as BTC pushes higher, while Ethereum struggles against it, dropping to a new low on the ETH/BTC pair. Institutional interest in Bitcoin is strong, with $997.7 million flowing into BTC ETFs, its third straight week of inflows. Tether’s USDT faced volatility after reports of a U.S. government investigation, briefly dipping below its peg before recovering slightly.
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- 00:38The Ethereum Pectra upgrade will start testing in February and is expected to launch on the main network in AprilAccording to CoinDesk, Ethereum developers have officially set a test date for the Pectra upgrade, which is the network's first upgrade in 11 months and is expected to be released in April. Ethereum's core developers decided on their bi-weekly "All Core Developers" call on Thursday to start testing Pectra on the Holesky testnet from February 26th, followed by further tests planned on the Sepolia testnet from March 5th. If these tests are successful, developers will meet again on March 6th to determine when to officially release the upgrade. According to Tim Beiko, protocol support lead at Ethereum Foundation, it is anticipated that the upgrade will go live on mainnet in early April. Pectra will include a series of improvements - with particular focus on wallets and validators. Pectra combines two independent upgrades: Prague and Electra; it includes eight major enhancements for Ethereum. The most anticipated one is EIP-7702 which aims at improving user experience of cryptocurrency wallets; addresses known as Externally Owned Accounts (EOA) in Ethereum will be reconfigured to support smart contract functionality. Another key feature of Pectra, EIP-7251 allows validators increase their staked ETH amount - from 32 ETH up to 2,048 ETH; it also helps speed up new node setup process - current system causes validators need queueing for weeks before they can launch new infrastructure.
- 00:37A certain whale spent 974.64 stETH to purchase 2808.5 billion PEPE three hours agoPANews reported on February 7th, according to Onchain Lens monitoring, three hours ago, a whale spent 974.64 stETH (worth $2.62 million) to purchase 2808.5 billion PEPE tokens. The whale now holds 1.4 trillion PEPE tokens worth $13 million. Previously, the same whale bought 1.439 trillion PEPE with 1.52 million DAI/sDAI and sold 2808.5 billion PEPE for 4.7 million DAI/USDC . This whale is currently profiting by $13.6 million.
- 00:36Federal Reserve Governor Waller: Stablecoins will further consolidate the status of the US dollar as a reserve currencyChainCatcher news, Federal Reserve Governor Waller stated that stablecoins are like a synthetic dollar, which could make payments faster and cheaper. Stablecoins will further consolidate the status of the US dollar as a reserve currency.