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Bitcoin steadied near $70,000 following a sharp market shakeout, offering traders a brief pause after days of turbulence. Elsewhere, Ethereum Name Service (ENS) is abandoning its Namechain L2 in favor of Ethereum mainnet, South Korean regulators are scrutinizing Bithumb after a massive Bitcoin error, and Bitcoin mining difficulty just posted its steepest decline since 2021.

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News Roundup

Artificial Intelligence

  • Chutes Shifts From GPU Rentals to “Intelligence Arena,” Posts $1.35M Quarterly Revenue (TAO Daily)

  • Apollo Nears $3.4B Loan to Fund xAI’s Nvidia Chip Expansion (Reuters)

Decentralized, Centralized, & Traditional Finance

  • Coinbase Crypto-Backed Loans See Record Liquidations as BTC, ETH Slide (Decrypt)

  • Crypto’s 401(k) Push Faces Backlash After $2T Market Rout (CoinDesk)

  • Giannis Antetokounmpo Takes Sub-1% Stake in Kalshi (The Block)

  • Li Lin, Avenir Group Deny BTC Selloff Rumors Amid Market Crash Speculation (Li Lin)

  • Tether Plots Expansion Beyond Stablecoins Into a Conglomerate (Financial Times)

  • ARK Sells Another $22M in Coinbase Shares, Shifts Capital to Bullish (Cointelegraph)

  • Crypto Liquid Funds Pivot After Bitcoin’s Sharp Crash (The Block)

  • Crypto Backs Fed ‘Skinny Master Accounts’ as Banks Warn of Systemic Risks (Cointelegraph)

  • China Tells Banks to Cut Back on U.S. Treasury Exposure (Bloomberg)

  • Singapore Gulf Bank Launches Real-Time Virtual Accounts for Corporate Treasury Automation (SGB)

  • CME Group Expands Crypto Derivatives With Cardano, Chainlink and Stellar Futures (Crypto Briefing)

  • Figure Heloc Enters Top 10 Crypto Rankings, Sparking RWA Debate (DL News)

  • Ripple Expands Custody Offering With Figment (Figment)

Exchanges

  • Coinbase Adds Superform (UP) to Listing Roadmap (Coinbase Markets)

  • Coinbase Returns to the Super Bowl With Backstreet Boys Nostalgia (Cointelegraph)

  • Binance SAFU Fund Adds 4,225 BTC, Reaches 73% of $1B Bitcoin Reserve Target (Binance)

Exchange-Traded Products

Infrastructure

  • ENS Drops Namechain L2, Moves ENSv2 Entirely to Ethereum Mainnet (The Block)

  • Vitalik Backs Zcash Crosslink Upgrade With Shielded Labs Donation (Shielded Labs)

  • Arweave Block Explorer Glitch Misreads Network Activity (Arweave)

  • Quantum Threat to Bitcoin Is Manageable, Not Imminent (CoinShares)

  • Supply Chain Attack Flagged via OpenClaw’s ClawHub Plugin Center (SlowMist)

  • MegaETH Launches ‘Real-Time’ Mainnet Claiming 50,000 TPS and 10 ms Blocks (The Block)

  • Sui Partners With Coinbase to Expand Ecosystem Access (Sui)

Markets

  • MegaETH to Fund MEGA Buybacks With USDM Stablecoin Revenue (The Block)

  • Zcash Slides Over 50% Since Cypherpunk’s Last Buy (The Defiant)

  • Galaxy Digital Stock Jumps 18% After Company Approves $200M Buyback Plan (CoinDesk)

  • Gambling Stocks Slide as Prediction Markets Capture Super Bowl Betting (Bloomberg)

  • $278M+ Token Unlocks Loom Over Crypto Markets This Week (Tokenomist)

  • Tether’s Gold Hoard Swells to $23B, Ranking It Among Top Global Holders (CoinDesk)

  • Hyperliquid Surges on Ripple Integration and Token Supply Cut (Decrypt)

  • Xinbi Marketplace Persists Despite Crackdowns, Processing $17.9B Onchain (Cointelegraph)

  • Bitcoin Stabilizes Near $70K After Sharp Market Crash (The Defiant)

  • Jump Trading to Take Stakes in Polymarket and Kalshi as Market Maker (The Block)

Mining

  • Bitcoin Mining Difficulty Falls 11.16% in Biggest Drop Since China’s 2021 Ban (The Block)

  • Cango Sells 4,451 BTC to Cut Debt and Fund AI Expansion (The Block)

Non-Fungible Tokens

  • Justin Bieber’s $1.3M Bored Ape NFT Now Worth About $12K (Decrypt)

  • NFT Market Cap Falls Back to Pre-Boom Levels Near $1.5B (Cointelegaph)

  • Pudgy Penguins Hits NYC With Immersive Valentine’s Day Pop-Up (Decrypt)

Politics & Regulation

  • Vietnam Proposes 0.1% Tax on Crypto Transfers (Hanoi Times)

  • Japan Snap Election Seen Reaching Beyond Politics to Crypto Reform Timelines (Decrypt)

  • President Nayib Bukele’s Approval Nears 92% in El Salvador Despite Tepid Support for Bitcoin Policy (DL News)

  • CFTC Broadens Stablecoin Rules to Include National Trust Banks (Cointelegraph)

  • South Korea’s FSS to Probe Crypto Market Manipulation, Add Punitive Fines for IT Incidents (Yonhap)

  • White House to Hold Second Meeting Tuesday, Feb. 10 on Stablecoin Yield (Eleanor Terrett)

  • FDIC Settles FOIA Case Over Crypto ‘Pause Letters,’ Pays Coinbase Fees (Decrypt)

  • AMF Sets July 1, 2026 Deadline for MiCA Compliance in France (AMF)

  • Polymarket Sues Massachusetts Over Authority to Regulate Prediction Markets (The Block)

  • South Korean Regulators Probe Bithumb After $43B Bitcoin Ledger Error (Decrypt)

  • U.S. Government Isn't Poised to Buy Bitcoin Despite Market Rumors (CoinDesk)

Token Generation Events

  • Backpack Unveils Token Allocation With Tiered Unlocks Tied to Growth and IPO (Backpack)

Treasuries

  • Forward Industries Bets on Solana Consolidation Amid Treasury Sector Strain (CoinDesk)

  • DDC Enterprise Boosts Bitcoin Treasury to 1,888 BTC (DDC Enterprise)

  • Strategy Adds 1,142 Bitcoin, Total Holdings Top 714,000 BTC (Strategy)

  • Bitmine Immersion Technologies’ ETH Holdings Hit 4.326M Tokens (PR Newswire)

Venture Capital

  • Crypto Firms Raise $258M Despite $2T Market Rout (DL News)

Other News

  • Understanding China's New Rules on Tokenization and RWA (Wu Blockchain)

  • Tether Assists Turkey in Seizing $544M Linked to Illegal Betting Network (Cointelegraph)

  • Teens Charged After Alleged $66M Crypto Home Invasion Plot (The Block)

  • Epstein Files Reveal Deep and Unexpected Ties to Early Bitcoin and Crypto Leaders (Decrypt)

  • Crypto Search Interest Slumps to Yearly Lows as Investor Fear Deepens (Cointelegraph)

  • Block to Cut Up to 10% of Workforce in Efficiency Overhaul (Bloomberg)

  • ‘Davos for Degens’ Loses Its Swagger as Crypto Sinks (Decrypt)

  • French Police Arrest Six After Crypto Ransom Kidnapping of Magistrate (Decrypt)

  • Signature Phishing Surges 200% as January Crypto Losses Top $6M (Decrypt)

  • Farcaster Founders Join Stablecoin Startup Tempo (The Block)

Check This Out!

On this day in 2011, February 9, Bitcoin reached the $1 milestone for the first time.

Source: Cointelegraph

Meme of the Day

Source: Bitcoin Magazine

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