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- 10:08Su Zhu: I have closed the short position in BERA and switched to going long on ETHGolden Finance reports that Su Zhu, co-founder of Three Arrows Capital, announced in a post that he has liquidated his short position on BERA at $6.406 for profit and has now shifted to going long on ETH.
- 10:08Bloomberg: Bitcoin's annual increase lags behind gold, Trump's remarks trigger a rise in demand for safe-haven assetsGolden Finance reports, according to Bloomberg, Bitcoin is currently under pressure after outperforming most asset classes in 2024. Data shows that Bitcoin has only risen about 3% this year, while gold has increased by 9%. On February 4th, Trump stated that the United States might take over the Gaza region. Despite his staff trying to downplay this statement, it still pushed the price of gold to a historic high of $2,882 per ounce. Currently, the price of Bitcoin is still about 10% below its historical peak.
- 10:05Messari releases Polkadot Q4 2024 report: Transaction surge, cross-chain expansion, and advancement of Polkadot 2.0PANews reported on February 8th, according to Messari's Polkadot Q4 2024 report, Polkadot's Q4 transaction volume reached 60 million, a year-on-year increase of 200%, mainly driven by Rollups such as Neuroweb and Frequency. Cross-chain interoperability has improved, with Snowbridge (Polkadot-Ethereum Bridge) TVL exceeding $70 million. Hyperbridge supports the transfer of multi-chain assets such as Ethereum, Optimism, Arbitrum. The Kusama network stress test "The Spammening" reached 143,343 TPS and is expected to reach up to 623,000 TPS at full load showing high scalability. DOT market value increased by 71% to $1.64 billion and trading fees tripled. In terms of governance, OpenGov enhances decentralization; referendum activity has greatly increased; important proposals include expanding the number of validators to 500 and setting an annual inflation rate of 120 million DOT. In terms of technical upgrades, Polkadot 2.0 is progressing smoothly; Elastic Scaling will be launched in Q1 of 2025; JAM technology development is advancing supporting Ethereum-compatible smart contracts.