According to CoinDesk, Nicholas Peach, Head of iShares for BlackRock Asia Pacific, stated at the Consensus Hong Kong conference that if Asian portfolio models allocated just 1% of their assets to cryptocurrencies, it would generate nearly $2 trillion in new capital inflows, equivalent to approximately 60% of the current total market capitalization of the crypto market. Peach pointed out that Asian household wealth is approximately $108 trillion, meaning even conservative asset allocation adjustments could have a significant impact on the digital asset market. He emphasized that the sheer size of funds within the traditional financial system means that significant inflows can occur without large-scale adoption. Peach also noted that Asian investors hold a significant share of US-listed crypto ETFs, and the overall adoption rate of ETFs in the region is rapidly increasing.
The Alameda Research liquidation address exchanged 129 million STG for 11.142 million ZRO.
According to on-chain analyst Yu Jin, two hours after LayerZero planned to launch its own L1 public chain, Zero, Alameda Research's bankruptcy liquidation address exchanged 129 million STG (12.9% of the total STG supply) for 11.142 million ZRO (US$24.29 million). Alameda Research was an investor in Stargate (STG), and these STG were acquired through investment vesting. In August 2025, Stargate was acquired by LayerZero for US$110 million. STG holders can exchange STG for ZRO at a fixed ratio of 1 STG = 0.08634 ZRO.
DCG founder: 5% to 10% of Bitcoin may flow into privacy-oriented crypto assets in the future.
According to The Block, Barry Silbert, founder and CEO of Digital Currency Group, stated at the Bitcoin Investors Week conference that 5% to 10% of Bitcoin's total supply will flow into privacy-focused cryptocurrencies over the next few years, and he believes privacy coins are currently the investment with the greatest potential for asymmetric returns in the industry. Silbert stated that he remains optimistic about Bitcoin as a core asset, but without a complete collapse of the US dollar, Bitcoin no longer has the potential for 500x growth. He believes projects like Zcash and Bittensor, a privacy public chain based on zero-knowledge proofs, possess this potential and has already allocated assets accordingly.
Solana treasury firm Upexi reported a loss of $179 million, dragged down by falling SOL prices.
According to The Block, Upexi, a Nasdaq-listed treasury company based in Solana, released its second-quarter report, showing revenue more than doubling year-over-year to $8.1 million. Digital asset revenue (primarily from staking income) contributed $5.1 million, surpassing the consumer brands segment for the first time. However, due to the decline in SOL prices, the company recorded a net loss of $179 million, including $164.5 million in losses from unrealized fair value adjustments to its crypto holdings. As of the end of the quarter, Upexi held over 2.17 million SOL, approximately 95% of which were staked. Management stated in the earnings call that current holdings have increased to approximately 2.4 million SOL.
Bo Hines: Tether is expected to become one of the top ten buyers of U.S. Treasury bonds this year.
According to The Block, Bo Hines, former White House cryptocurrency advisor and current head of Tether's US subsidiary, stated at the Bitcoin Investors Week conference that Tether is poised to become one of the top ten buyers of US Treasury bonds this year, driven by growing demand for its flagship stablecoin USDT and the new compliant stablecoin USAT. According to Tether's latest statement, 83.11% of USDT's reserves are in US Treasury bonds, valued at over $122 billion. Hines stated that this holding places it among the top twenty holders of US Treasury bonds globally, between Germany and Saudi Arabia. Notably, according to data from accounting firm BDO, Tether holds approximately $6.3 billion in excess reserves.
Musk: External beta version of X Money will be launched in the next 1-2 months.
According to Cointelegraph, Elon Musk announced that an external beta version of X Money will be launched within the next 1-2 months, with the goal of becoming a central platform for all currency transactions.
According to The Block, cryptocurrency exchange Paxful Holdings Inc. has been fined $4 million for inadequate anti-money laundering controls and allowing criminals to transfer illicit funds related to fraud, prostitution, and sex trafficking. The U.S. Department of Justice issued a statement on February 11 stating that Paxful knowingly profited by transferring funds for criminals, despite knowing that customer funds were involved in criminal activities. Between 2015 and 2022, approximately $17 million worth of Bitcoin was transferred from Paxful's wallet to websites such as Backpage, from which Paxful profited at least $2.7 million. The Department of Justice stated that, after independent analysis, it determined that Paxful was unable to pay the originally stipulated fine of over $112 million, and therefore imposed a $4 million fine.
According to on-chain analyst Ember, after the UNI price surge, one address transferred 3.65 million UNI tokens ($13.43 million) to Coinbase Prime. Last night, UNI surged 31% (from $3.28 to $4.30) due to news that BlackRock planned to purchase a certain amount of UNI. Now, the UNI price has essentially erased all the gains from that news and returned to its initial level from last night.
Coinbase launches "Agentic Wallets," a wallet infrastructure designed for autonomous AI agents.
According to The Block, Coinbase has announced "Agentic Wallets," a wallet infrastructure designed for autonomous AI agents. This allows AI agents to independently hold funds, send payments, trade tokens, earn yield, and conduct on-chain transactions. Built on the x402 protocol developed in collaboration with other internet institutions, the tool aims to enable autonomous crypto payments "without human intervention." Agentic Wallets is a plug-and-play solution that allows any agent to configure a wallet and execute transactions on behalf of the user. Users can pre-set permissions, and the agent will operate autonomously within secure boundaries, such as automatically adjusting positions when a better yield opportunity is detected.
According to The Block, cryptocurrency trading and lending company BlockFills has suspended customer withdrawals and deposits, stating it is working with investors and clients to restore liquidity. The company confirmed the suspension began last week to "further protect customers and the company," and trading functionality will remain available under certain conditions. The management team has not released a specific timeline for resuming withdrawals, nor has it commented further on whether customer assets are fully safe or whether full repayment will be possible once withdrawals resume. BlockFills provides liquidity, trade execution, and lending services to institutions and high-net-worth clients, including hedge funds, mining companies, and asset management firms. Investors include CME Group's venture capital arm and Susquehanna Private Equity Investments.
Sonic Labs announced a new "vertical integration strategy," moving away from the traditional Layer 1 model of driving broad ecosystem growth through subsidies. Instead, it will focus on integrated, user-facing products and infrastructure to directly drive the application, use, and sustainable growth of the S token. Sonic emphasizes that its goal is not to position itself as just another blockchain provider, but to build an ecosystem where core infrastructure, applications, and liquidity are synergistically reinforced around the S token economy, ensuring that usage, liquidity, and incentives directly translate into sustained demand for the S token. Sonic points out that with the commoditization of blockchain space and intensified cross-chain competition, transaction fees alone are no longer sufficient to bring sustainable value growth to the native token S.
According to CoinDesk, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins was questioned before the House Financial Services Committee regarding the issue of relaxed cryptocurrency regulation, including the SEC's withdrawal of enforcement cases against Justin Sun, founder of the Tron Foundation, and others. Democratic Representative Maxine Waters pointed out that since the Trump administration changed leadership last year, the SEC has dropped almost all previous enforcement cases against the crypto industry, including the 2023 charges against Justin Sun and his company concerning TRX token price manipulation. Waters also mentioned Justin Sun's recent connections with the Trump family's World Liberty Financial Inc., questioning whether the SEC's enforcement decisions were influenced by political connections.
Bloomberg: Coinbase asked to disclose testimony related to insider trading case
According to Bloomberg, Coinbase board members failed on Wednesday to prevent the release of testimony related to an insider trading lawsuit against CEO Brian Armstrong, venture capitalist Marc Andreessen, and other board members. A Delaware court of chivalry judge ordered that a special litigation committee established by Coinbase must disclose court transcripts of two testimonies: one from angel investor and committee member Gokul Rajaram; and the other from Joseph R. Slights III, head of the legal team leading the company's internal investigation into shareholder allegations.
According to Bloomberg, Strategy CEO Phong Le stated in an interview that the company will issue more perpetual preferred stock to alleviate investor concerns about the volatility of its share price. Le explained that the company is providing investors with a tool that "gains exposure to digital capital while mitigating volatility risk" through the issuance of perpetual preferred stock (a product called "Stretch"). The product's dividend yield resets monthly, currently at 11.25%, designed to stabilize its trading price around its $100 par value. To date, preferred stock has represented a small percentage of Strategy's funding. The company has sold approximately $370 million in common stock and $7 million in perpetual preferred stock to finance its Bitcoin purchases over the past three weeks.
Binance: Coinglass reports a bug in Binance's outflow data, and the data is being fixed.
Binance issued a clarification on its X platform: "Coinglass's data showing Binance's outflows has a bug, as its data comes from a third party. DefiLlama has also previously shown discrepancies. Their data will take another 24 to 48 hours to recover. We believe that regularly conducting withdrawal tests on all exchanges is a positive and healthy practice. When conducting withdrawal tests, please carefully verify the addresses. Only make withdrawals after confirming that everything is correct. All platforms should establish an annual 'withdrawal day' to verify the authenticity of their assets."
According to Business Wire, Intercontinental Exchange (ICE) announced the launch of the Polymarket Signals and Sentiment tool, providing institutional investors with prediction market data and analysis from Polymarket, and becoming the exclusive provider of this data in the institutional capital markets. ICE standardizes prediction market data related to finance and commodities on Polymarket to generate "crowd prediction probability" signals that can be used by professional and institutional traders to assist in alpha strategy development and risk management.
Sui launches eSui Dollar, a synthetic dollar issued in collaboration with Ethena Labs.
According to an official announcement from Sui Network, the synthetic US dollar eSui Dollar (suiUSDe), issued in partnership with Ethena Labs, is now available on the Sui mainnet and has become the first synthetic US dollar asset to support DeepBook Margin. This integration will support margin trading, lending, and leverage strategies, expanding Sui's on-chain financial infrastructure and helping institutions and retail investors unlock passive and active trading opportunities. The project is supported by ecosystem participants including SUI Group Holdings.
BlackRock will purchase an undisclosed amount of Uniswap tokens UNI.
According to Fortune, BlackRock, the world's largest asset manager, announced that it will list its tokenized fund BUIDL, backed by US Treasury bonds, on the decentralized exchange Uniswap. As part of the partnership, BlackRock will also purchase an undisclosed amount of Uniswap tokens (UNI). The collaboration, facilitated by asset tokenization company Securitize, will initially be open only to qualified institutional investors through a whitelist mechanism, requiring participants to have at least $5 million in assets.
Uniswap Labs partnered with Securitize to provide liquidity solutions for BlackRock's BUIDL fund.
According to Securitize, Uniswap Labs has partnered with them to provide on-chain liquidity options for BlackRock's tokenized fund, BUIDL.
U.S. nonfarm payrolls increased by 130,000 in January, significantly exceeding the market median expectation of 70,000 and marking the largest increase since April 2025. The U.S. unemployment rate was 4.3% in January, slightly lower than the market expectation of 4.4%, and a new low since August 2025.
OpenAI is seeking an $830 billion valuation and projects a net loss of $14 billion by 2026.
According to Solid Intel, OpenAI is projected to post a net loss of $14 billion in 2026 and is not expected to achieve annual profitability until 2029. The company is currently seeking a new round of funding at a valuation of $830 billion.
Aztec (AZTEC) will soon be listed on Bybit spot trading.
According to official news, Bybit will list Aztec (AZTEC) in its spot trading zone! Aztec is a leading privacy-first Layer 2 network on Ethereum, dedicated to empowering developers to build applications that protect user privacy.
Hyperliquid Strategies spent $129.5 million to buy back 5 million HYPE tokens.
The company used $10.5 million to repurchase approximately 3 million PURR shares, leaving it with $125 million in cash. Its total HYPE holdings currently stand at 17.6 million units.
Intercontinental Exchange launches cryptocurrency futures contracts based on the CoinDesk index.
According to Business Wire, Intercontinental Exchange (ICE) announced the launch of cryptocurrency futures contracts based on seven CoinDesk indices, including CoinDesk 20 index futures, CoinDesk 5 index futures, and single-currency futures for Bitcoin, Ethereum, Solana, XRP, and BNB. These contracts are denominated in US dollars and settled in cash. Currently, over $40 billion in assets track the relevant CoinDesk indices. The CoinDesk 20 index uses a capped market capitalization weighted method, covering over 90% of the digital asset market, with a total linked product size exceeding $16 billion.
Cash App will waive transaction fees for large and dollar-cost averaging Bitcoin transactions.
According to Solid Intel, Jack Dorsey's Cash App will waive transaction fees for large Bitcoin ($BTC) purchases and dollar-cost averaging transactions.
