Today's news tips:
1. Musk's confrontation with Washington is the cover of Time magazine
2. Brazilian Stock Exchange B3 will launch BTC options and ETH and SOL futures contracts
3. DeepSeek gained 100 million users in just 7 days
4. CZ: Never purchased or owned TST, and used the Binance logo without authorization
5. Binance will list Cheems (1000CHEEMS) and Test (TST) and add seed tags to them
6. Arweave computing platform AO mainnet is now online
7.Berachain Foundation: The second part of the airdrop will be distributed to wallets on February 10
8.pump.fun Lianchuang: Rumors of potential platform token issuance are not true
9. After Trump launched Meme Coin, more than 700 tokens were sent to his wallet
Regulatory/Macro
Musk's confrontation with Washington is the cover of Time magazine's new issue
Musk's confrontation with Washington has become the cover of the latest issue of Time magazine. Elon Musk is leading a large-scale streamlining of the US government. The "Department of Government Efficiency" (DOGE) led by him has taken over the US Digital Service and entered the Office of Personnel Management (OPM), laying off employees, cutting budgets, and reorganizing federal agencies. In early February, DOGE tried to force its way into the headquarters of the United States Agency for International Development (USAID). After being rejected, Musk called it a "criminal organization" on X, and the agency was almost completely shut down.
The Trump administration authorized Musk to promote the "Project 2025" reform, with the goal of reducing the size of the government and eliminating opposition forces. Many civil servants were forced to resign for refusing to cooperate, and some senior officials of some agencies were replaced. The Democratic Party and labor unions have initiated legal proceedings, and some courts have ruled to suspend relevant actions. However, Musk still controls key agencies, and the outside world is worried that government power is overly influenced by private entrepreneurs.
Brazil’s B3 Stock Exchange to Launch BTC Options and ETH and SOL Futures Contracts
Brazil’s stock exchange B3 will launch BTC options as well as ETH and SOL futures contracts, expanding its range of cryptocurrency products. B3 is Brazil’s main stock exchange, which lists dozens of cryptocurrency exchange-traded products as well as stocks, bonds and other financial products.
Julian Fahrer, a former Sequoia Capital analyst, tweeted that Montana House Bill 429 would authorize the Investment Committee to invest up to $50 million in precious metals, digital assets and stablecoins with an average market value of more than $750 billion in the previous calendar year by July 15, 2025. These funds must be held by a qualified custodian or through an exchange-traded fund.
AI/Metaverse
DeepSeek becomes the fastest APP to break 30 million daily active users
QuestMobile data showed that DeepSeek surpassed Doubao in daily active users for the first time on January 28, and then broke through the 30 million mark on February 1, becoming the fastest application to reach this milestone in history.
DeepSeek gained 100 million users in just 7 days
According to the IT Home AI Product Ranking, after the release of the DeepSeek R1 model on January 20 this year, the number of DeepSeek users increased by 125 million in January (Note: including websites (Web) and applications (App) without deduplication). Among them, more than 80% of users came from the last week of January, which means that DeepSeek achieved 100 million user growth in 7 days without any advertising.
Project News
The App page shows that Binance Alpha has added TST.
Binance will list Cheems (1000CHEEMS) and Test (TST) and add seed tags to them
According to the official announcement, Binance will list Cheems (1000CHEEMS) and Test (TST) and add seed tags to them. The launch time is February 9th 19:00 (UTC+8).
Bitget will launch Test (TSTBSC) in the Innovation and Meme Zone
According to the official announcement, Bitget will launch Test (TSTBSC) in the Innovation and Meme Zone. The trading opening time is 18:00 on February 9 (UTC+8).
Ethereum block gas limit increased to 36M, L1 transaction volume increased by 20%
According to the technical update forwarded by Vitalik, Ethereum L1 recently completed a dynamic adjustment of the block Gas upper limit from 30M to 36M, which increased the L1 transaction throughput by 20% and is expected to reduce transaction fees by 10% to 30%.
This adjustment is not determined by any single entity, but is the result of validators gradually adjusting parameters and reaching consensus. Currently, 49.5% of validators have reported adopting the 36M Gas limit.
Arweave computing platform AO mainnet is now online
After a year of testing, the decentralized storage project Arweave has officially launched the mainnet version of its computing platform AO. The native tokens previously minted and distributed to AR holders and testnet depositors will be transferable after the mainnet launch.
AO is called a "hyperparallel computer" by developers, which introduces a distributed computing environment with parallel processing capabilities. Arweave's permanent data storage supports AO's operations, ensuring that data is immutable and permanently accessible. According to core developers, AO will support a new wave of dapps, including on-chain autonomous agents focused on AI coordination.
The launch of the AO mainnet was accompanied by the final release of its native token, which is separate from Arweave’s AR token. The maximum supply of AO tokens is capped at 21 million, echoing the model of Bitcoin. The AO team said it adopted a fair distribution model to distribute tokens to users who bridge assets to the platform and existing AR token holders.
36% will be distributed to AR holders over time based on holdings. The remaining 64% is reserved for economic growth incentives, specifically for bridging assets into AO, including rewards for users who deposit assets like DAI and stETH into the AO ecosystem. Prior to launch, over $700 million was pre-bridged to the AO testnet.
Arweave launched AO's public testnet in February 2024. By June, AO announced its native token, AO, as well as token economics and reward mechanisms. The main function of the AO token is to protect messaging within the network through system incentive proofs.
Berachain Foundation: The second part of the airdrop will be distributed to wallets on February 10
Berachain Foundation tweeted that the second part of the Berachain airdrop will be distributed to wallets on February 10. Top X yappers and Discord users (Berachain + Bong Bear NFT server). Use the engagement index of KaitoAI and Cookie3 data to identify Yappers.
Recipients of the RFB Program (Applications and Communities). Over 200 ecosystem projects and community members received tokens through the Foundation’s RFB program. dApps must use 70% of their allocation for future mainnet rewards and liquidity incentives. Airdrop recipients must register a wallet by 11:59 PM EST on February 9 to receive their allocated tokens. Tokens were claimed on February 10.
Market News: Pump.fun is planning to issue tokens in the Dutch auction model
Crypto KOL He Bi (@hebi555) tweeted that Pump.fun is planning to issue tokens and conduct public offerings, which will adopt the Dutch auction model. It is currently working with major centralized exchanges to develop public offering procedures. Pump.fun is facing a class action lawsuit in the United States, and some people say it may have a certain impact on the issuance of tokens.
Pump.Fun Co-founder: Rumors of potential platform token issuance are not true
Alon, co-founder of pump.fun, posted on the X platform: "Any rumors about potential pump.fun tokens are false. It is recommended not to listen to any news that is not directly from the official. Although the team has been mainly focused on improving the product during the one-year development process, it has always been committed to providing appropriate rewards to users."
Indian Crypto Exchange WazirX Releases Creditor List and Balance Snapshot
Indian crypto exchange WazirX tweeted that it has released a preliminary list of creditors and a July 18 balance snapshot page within the WazirX application to ensure full transparency of the restructuring process.
Creditors can query the amount of their claims (in USD) by their unique UUID, and the list is sorted in descending order by claim value and can be searched using the UUID. A "Find My Balance" option is also provided for easy access. Creditors can also view other creditors' claims information (with UUIDs replacing personal identification information) by submitting an inspection request. Creditors can view a snapshot of their balances as of 13:00 (IST) on July 18, 2024, including token balances and deposits thereafter.
Viewpoint
CZ: Never purchased nor owns TST, and uses Binance Logo without authorization
CZ tweeted that TST already has a website and an account X, neither of which is created or controlled by BNB Chain or any Binance-related team, but by community members, and the specific person in charge is unclear. They used Binance's logo without authorization, which is an infringement and needs to be changed. It is recommended to use a logo like "passed the test". Like all meme coins, he has never purchased or owned TST, and it is currently fully operated by the community.
CZ once again states that he has nothing to do with TST tokens
In response to a tweet about "BNB is clearly one of the strongest assets in the current market. CZ has always been a builder and is about to make BNBCHAIN great again," CZ said, "Not just me, but also the community I am in. TST tokens have nothing to do with me."
According to news this morning , CZ said that he had never purchased or owned TST, and that he used the Binance logo without authorization.
Important data
NFT transaction volume fell 33% month-on-month to $119.5 million in the past seven days
CryptoSlam data shows that the NFT market cooled down this week, with total transaction volume falling from US$137.9 million to US$119.5 million, a 33% drop from the previous week.
Ethereum network fell 38.43% month-on-month, but still maintained the first place with a transaction volume of US$62.6 million, and the number of buyers fell 71.26% month-on-month to 16,852; Mythos Chain rose to second place with a transaction volume of US$13.9 million, a month-on-month increase of 4.66%. Solana ranked third with a transaction volume of US$11 million, a month-on-month decrease of 32.56%.
Fat Penguin maintained its lead despite a 37.55% drop in volume to $9.1 million. The series saw steady buyer interest with 172 participants. DMarket came in second with $8.7 million in volume, up 7.98%, and the number of transactions remained high at 322,241. Courtyard remained in third with $7.3 million in volume, up 25.78% month-over-month, and attracted 10,935 buyers. CryptoPunks fell to fourth place with $5.2 million in volume, down 30.01%, while Azuki fell to fifth place with $5 million in volume, down 79.17%.
Notable deals this week include:
- CryptoPunks #8868: $558,008 (206 ETH)
- Autoglyphs #320: $309,450 (100 WETH)
- Autoglyphs #491: $267,998 (100 WETH)
- CryptoPunks #7585: $242,639 (85 ETH)
- Autoglyphs #331: $235,343 (87.0107 WETH)
On-chain analyst Embers monitored that the Ethereum Foundation transferred 50,000 ETH (US$131.66 million) to a multi-signature wallet used to participate in DeFi 3 hours ago.
After Trump launched Meme Coin, more than 700 tokens were sent to his wallet
According to FT, within three weeks of Trump launching Memecoin, more than 700 altcoins and junk coins were sent to Trump’s digital wallet. There are 736 different memecoins in Trump’s official wallet. Among them, nearly 200 memecoins, including “OFFICIAL TRUMP” and “OFFICIAL MELANIA”, are named after Trump or his family, but have nothing to do with the president.
Of the 192 tokens named after Trump or his family, 167 are altcoins, while 67 use the word "official" in their names. Thirty-five tokens have the word "Elon" or "Musk" in their names, an apparent reference to the Tesla CEO and Trump ally. Unauthorized tokens also target Trump's children: 30 mention Barron, 26 mention Ivanka, and 10 mention Eric. Eswar Prasad, a senior fellow at the Brookings Institution, said Trump's involvement in meme coins "opens the floodgates for deception and rampant speculation" and that ordinary investors buying meme coins "will only put them at great risk."
On-chain analyst @ai_9684xtpa monitored that the Ethereum whale was suspected of selling 8,139 ETH worth $21.18 million that it had built two years ago. This address had withdrawn 13,459 ETH from Binance and FTX from August 2021 to December 2022, at an average price of $1,358; if it is sold this time, it will make a profit of $10.125 million.
Whales who previously traded TST and made over $150,000 in profit bought 4.81 million TST
According to Onchain Lens, a whale spent 1.94 million USDT to buy 4.81 million TST. Previously, the whale spent 49,900 USDC to buy 5.31 million TST and sold it at $205,000, making a profit of $155,000.
