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Whale Alert reported that 750,000,000 USDT has been transferred from an unknown wallet to Binance. The transaction is valued at about $750 million.

A U.S. court in the Central District of California has sentenced a cryptocurrency fraudster to 20 years in prison for swindling $73 million from investors, Cointelegraph reported. The individual was found guilty of approaching victims through social media and dating apps to solicit cryptocurrency investments before stealing their funds.

Bitcoin has not yet entered its capitulation phase and could see further declines, according to Greg Magadini, Director of Derivatives at Amberdata. Magadini noted that BTC has historically bottomed when the basis—the difference between futures and spot prices—widens significantly. During the 2022 bear market, for instance, 90-day futures traded at a 9% discount to the spot price. In contrast, he pointed out that there has been no significant change in the basis recently. The current 90-day basis remains at around 4%, a level comparable to the yield on risk-free government bonds. He concluded that if futures traders begin to sell off their positions, BTC could experience an additional drop in price.

Bybit announced on its official website that it will list ESP/USDT perpetual pre-market futures at 10:10 a.m. UTC on Feb. 10.

Derivatives decentralized exchange Reya announced it has built the world's first DEX based on "Based Rollup" technology. The platform is designed to provide an ultra-fast environment for institutional-grade trading, maintaining Ethereum's security while eliminating sequencer risks and opaque execution processes. Reya explained that it uses custom ZK-circuits to ensure all transactions are verifiable, achieving speeds of under 0.1 milliseconds—100 times faster than conventional platforms—which is optimal for institutional high-frequency trading (HFT). The exchange offers a zero-fee environment with access to more than 70 markets and a sophisticated cross-margin system. It has reached a daily trading volume of $1.5 billion and a cumulative volume of $60 billion. Reya also plans to hold its Token Generation Event (TGE) in the last week of March at a fully diluted valuation (FDV) of $300 million.

AI infrastructure company Gradient has announced the launch of 'Echo-2', its next-generation decentralized reinforcement learning (RL) platform. The company stated that the era of data scaling is ending, replaced by an era of "Inference Scaling," where models verify their own logic and find solutions through trial and error. To facilitate this, Gradient built 'Lattica', a peer-to-peer protocol that rapidly deploys model weights to hundreds of edge devices. The platform controls numerical precision at the kernel level, ensuring that a consumer GPU in Seoul and an H100 in Virginia can produce bit-identical results. It also maximizes computational efficiency through an asynchronous orchestration layer that separates the learner from the sampling fleet. Echo-2 has already completed performance verification in areas with real financial responsibilities, including high-level reasoning at the Math Olympiad level, smart contract security audits, and autonomous on-chain agents.

Hardware wallet manufacturer Ledger has integrated OKX DEX functionality, The Block reported. Ledger users can now directly swap cryptocurrencies through the OKX DEX. The integration currently supports Ethereum, Arbitrum, Optimism, Base, Polygon, and BNB Chain.

An address linked to YZi Labs has deposited 134 million ID, worth $6.63 million, to Binance, according to Onchain Lens. Deposits to exchanges are typically interpreted as an intention to sell.

Ripple has announced a collaboration with Zand, a digital bank in the United Arab Emirates (UAE), to expand digital financial infrastructure using its dollar-pegged stablecoin, RLUSD, and a proposed dirham-pegged stablecoin, AEDZ. The two firms, which first partnered last year, will explore supporting RLUSD within Zand's regulatory-compliant digital asset custody environment. The collaboration will also investigate ways to connect liquidity between AEDZ and RLUSD and the potential for issuing AEDZ on the XRP Ledger (XRPL).

An appeals court has upheld a suspended prison sentence and a fine for a former official of South Korea's Ministry of the Interior and Safety convicted of bribery in connection with the PuriEver (PURE) coin, Newsis reported. The official was found to have accepted PURE tokens from the coin's issuer in 2021, prior to its listing on the South Korean exchange Coinone, in exchange for providing promotional favors.

U.S. President Donald Trump said that if his nominee for Federal Reserve Chair, Kevin Warsh, performs his duties well, economic growth could reach 15% or more, Bloomberg reported, citing a Fox Business interview. Trump described his appointment of current Chair Jerome Powell as a "big mistake," which he attributed to accepting a recommendation from Treasury Secretary Steven Mnuchin. However, Warsh's confirmation in the Senate is expected to be challenging. Republican Senator Thom Tillis has vowed to block the nomination as long as the Department of Justice continues its investigation into Powell and the Fed's building remodeling project. Trump appeared unconcerned by the potential hold-up, remarking that if the process is delayed, then it is delayed. The Fed's December 2025 forecast projected one rate cut in 2026, whereas the market expects two cuts this year.

Binance co-CEO Yi He stated on X that widespread FUD (fear, uncertainty, and doubt) across the cryptocurrency market has dampened investor sentiment. According to Yi He, FUD deters new entrants, prompts existing participants to take profits amid uncertainty, and causes even financially independent early investors (OGs) to grow skeptical and consider leaving the industry due to rampant FUD and AI-based attacks. She added that this trend is a key reason the CoinMarketCap (CMC) Fear & Greed Index has fallen to a level between five and 10, concluding that the market will rise again once the FUD subsides.

Binance has announced the listing of ESP/USDT pre-market perpetual futures at 8:10 a.m. UTC on Feb. 10. The exchange will support up to five times leverage for the new offering.

Dogecoin creator Shibetoshi Nakamoto took to X to sarcastically comment on MicroStrategy's (MSTR) latest Bitcoin purchase, remarking that it takes a special talent to buy at such a high price in the current market. The comment followed an announcement from MicroStrategy founder Michael Saylor that the company had purchased 1,142 BTC for approximately $90 million between Feb. 2 and 8, at an average price of $78,815 per coin. As of Feb. 8, MicroStrategy holds 714,644 BTC, acquired for a total of about $54.35 billion at an average price of $76,056.

South Korean crypto exchanges Upbit, Bithumb, and Coinone have announced via their official websites that they will delist Oasis (OAS) at 6:00 a.m. UTC on March 13. The exchanges stated that the explanation provided by the Oasis foundation was insufficient to resolve the issues that led to its designation as an investment warning. They added that after a comprehensive review of the foundation's timeliness in disclosing important information and the transparency of its procedures for making significant changes, they concluded that the project no longer meets their criteria for continued trading support.

Ethereum's MVRV-Z score has dropped to -0.42, approaching a bottom, Cointelegraph reported, citing multiple analysts. The MVRV-Z score gauges whether an asset is over or undervalued by comparing its market capitalization to its realized capitalization, with lower values suggesting it is undervalued. According to crypto analytics firm Alphractal, the current score indicates that Ethereum has entered a capitulation phase. The firm noted that the all-time low was -0.76 in December 2018, suggesting that while ETH is in a bottoming range, it has not yet reached the absolute lows seen in 2018 and 2022. Trader Michaël van de Poppe said the current valuation is similar to previous major bottom phases, making it a time to consider buying amid market fear.

South Korean crypto exchanges Upbit, Bithumb, and Coinone have announced they will end trading support for Solar (SXP) at 6:00 a.m. UTC on March 13. The exchanges stated that the issues that led to SXP's designation as a cautionary asset have not been resolved. They explained that a comprehensive review of factors, including timely disclosures of important information and the transparency and rationality of procedures for significant changes, concluded that the project does not meet the criteria for maintaining a listing.

Federal Reserve Governor Christopher Waller said on Feb. 9 that the enthusiasm in the crypto market that followed President Donald Trump's election is now cooling. According to Cointelegraph, Waller identified the recent sell-off as being primarily caused by traditional financial institutions entering the crypto space and adjusting their risk positions. He also pointed out that Congress's failure to promptly pass legislation on crypto market structure has heightened regulatory uncertainty and dampened investor sentiment. Regarding price volatility, Waller commented that it is natural for prices to rise and fall. Meanwhile, he announced that the Fed plans to introduce a "payment accounts" system this year. The system is designed to grant fintech and crypto companies limited access to the central bank's payment infrastructure. Unlike standard master accounts, these payment accounts will not accrue interest and will be subject to balance limits.

According to CoinNess market monitoring, BTC has fallen below $69,000. BTC is trading at $68,968.22 on the Binance USDT market.

Coin Bureau founder Nic Puckrin said on X that Bitcoin (BTC) could be facing an extended bearish phase. He noted that BTC has closed below its 100-week moving average (100W MA) for three consecutive weeks and has remained under this long-term trendline for 14 days. Citing historical data, Puckrin explained that the average time BTC has spent below this line in the past was 267 days, with the shortest period being 34 days during the 2020 COVID-19 crash. He concluded that while short-term rebounds are possible, a longer downturn is more probable.

U.S. spot Ethereum ETFs recorded $57 million in net inflows on Feb. 9, marking a shift from three consecutive days of net outflows, according to data from Farside Investors. The inflows were primarily driven by Fidelity and Grayscale's mini fund. - BlackRock (ETHA): -$45 million - Fidelity (FETH): +$67.3 million - Bitwise (ETHW): -$9.9 million - Grayscale Mini (ETH): +$44.6 million

U.S. spot Bitcoin ETFs saw net inflows of $144.9 million on Feb. 9, marking the second consecutive day of net inflows, according to data compiled by Farside Investors. - BlackRock's IBIT: -$20.9 million - Fidelity's FBTC: +$3.1 million - Ark Invest's ARKB: +$14.1 million - Franklin's EZBC: +$6.1 million - VanEck's HODL: +$12 million - Grayscale's Mini BTC: +$130.5 million

Chainlink (LINK) founder Sergey Nazarov has argued that the recent cryptocurrency market correction is fundamentally different from past bear markets. According to Cointelegraph, he stated that this downturn is not a setback for the industry but rather a case study of how far it has evolved. Nazarov explained that while market cycles are a recurring phenomenon, the key is whether the industry demonstrates stability and maturity in the process. He noted that the current correction has not seen a repeat of the 2022 FTX collapse or the chain of bankruptcies among crypto lending platforms, and that no widespread risk management failures or systemic risks have been observed. This, he suggested, indicates that the cryptocurrency industry has entered a phase where it can absorb volatility more stably than before.

Binance has announced it will conduct wallet maintenance for Tron (TRX). Consequently, TRX deposits and withdrawals will be temporarily suspended for approximately 60 minutes starting at 6:55 a.m. UTC on Feb. 11.

Whale Alert reported that 3.5 billion USDT has been burned at the Tether Treasury.