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Aave Labs has announced a governance proposal titled "Aave Will Win" that would direct 100% of its product revenue to the Aave DAO. According to CoinDesk, if the proposal passes, V4 will serve as the foundation for Aave's future development, formally establishing a structure where all revenue from products developed by Aave Labs is allocated to the DAO rather than the company itself. According to CoinMarketCap, AAVE is currently trading at $110.87, up 2.81%.

Companies with digital asset treasuries (DATs) purchased a total of 43,230 BTC, worth approximately $3.5 billion, in January, with Strategy accounting for 93% of the total, Decrypt reported. During the period, Strategy acquired 40,150 BTC, while all other corporate buyers collectively purchased 3,080 BTC.

On-chain data platform CryptoQuant analyzed on its official X account that the recent Bitcoin decline will be recorded as one of the largest crashes in the cryptocurrency's history, comparable to the 2021 crash. The firm emphasized that the event ranks between the third and fifth largest of all time based on the scale of losses, adding that crashes of this magnitude are rare in Bitcoin's history.

Coinbase has announced through its official channels that it is experiencing errors with buy, sell, and transfer functions on its website, Coinbase.com. The company is investigating the issue and has assured users that their assets are safe.

Ark Invest CEO Cathie Wood has stated that Bitcoin could serve as a hedge amid the deflationary disruption caused by artificial intelligence (AI) and other technological innovations, CoinDesk reported. Speaking at Bitcoin Investor Week in New York, Wood argued that the traditional financial system is unprepared for the productivity shock from AI, robotics, and other exponential technologies. She explained that this shock will lead to a sharp drop in prices, upend existing business models, and create deflationary chaos. Wood noted that the current economic system, which is accustomed to 2-3% inflation, will struggle to adapt to this new environment. She emphasized that Bitcoin is a hedge against both inflation and deflation, as it is free from the vulnerabilities of traditional finance. Wood highlighted Bitcoin's decentralized structure and fixed supply as key strategic advantages.

Timur Aitov, chairman of Russia's Financial Market Security Committee, said in an interview that the country plans to use the digital ruble for trade with its BRICS partners, DL News reported. He noted that BRICS nations require a central bank digital currency (CBDC) for trade, which is why Russia's central bank is targeting a Sept. 1 launch for digital ruble payments. Aitov acknowledged that domestic demand for a CBDC is not very high, agreeing with the assessment that individuals, businesses, and particularly banks do not need it. He described the digital ruble as being, in many ways, an international project.

The value of El Salvador's Bitcoin holdings has fallen by approximately $300 million amid the cryptocurrency's price decline, Walter Bloomberg reported. The situation highlights the risks associated with President Nayib Bukele's crypto investment strategy and is creating anxiety in the country's bond market, the report added. Despite these losses, El Salvador continues to buy Bitcoin, a move that is complicating negotiations for a $1.4 billion loan from the International Monetary Fund (IMF). Analysts have warned that the country's persistent crypto purchases, coupled with delays in pension reform, could jeopardize the IMF's support.

More than 20,000 AI agents have been deployed on blockchains including Ethereum, BNB Chain, and Base within two weeks of the launch of the new Ethereum standard, ERC-8004, Wu Blockchain reported. The standard is designed to allow autonomous AI agents to identify each other, transact, and build reputations on-chain without intermediaries.

Bitcoin cloud mining firm Bitdeer reported fourth-quarter revenue of $225 million, a significant jump from $69 million in the same period a year earlier, according to The Block. During the same period, net income reached $70.5 million, marking a successful turnaround from a $531.9 million loss in the fourth quarter of the prior year. The company attributed its strong fourth-quarter performance to the expansion of its proprietary Bitcoin mining operations, having mined 1,673 BTC during the quarter. This figure represents a nearly fourfold increase from the 469 BTC mined in the same period the previous year.

Whale Alert reported that 3,905 BTC has been transferred from an unknown wallet to Kraken. The transaction is valued at about $258 million.

According to CoinNess market monitoring, BTC has fallen below $66,000. BTC is trading at $65,958.83 on the Binance USDT market.

An anonymous whale address beginning with 3NVeXm has deposited an additional 1,100 BTC, worth $74.37 million, to Binance. The transaction follows a deposit of 1,800 BTC ($122 million) made by the same whale about 30 minutes earlier. Yesterday, the whale sold 5,000 BTC, valued at $342.56 million.

According to CoinNess market monitoring, BTC has fallen below $67,000. BTC is trading at $66,996.45 on the Binance USDT market.

According to former Bitcoin Magazine editor Pete Rizzo, Matthew Sigel, Head of Digital Assets Research at VanEck, stated that to his knowledge, 13 national governments are currently actively mining Bitcoin.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Lookonchain reported that an anonymous whale address starting with 3NVeXm deposited 1,800 BTC ($122 million) to Binance. The whale had sold 5,000 BTC ($342.56 million) yesterday.

Hyperlane (HYPER), a platform for building cross-chain applications, now supports WBTC transfers between the Ethereum and Solana networks via its Nexus bridge, The Block reported. According to WBTC, this integration allows users to leverage BTC-based liquidity on Solana while maintaining security and permissionless access.

Coinbase has announced the listing of ESP perpetual futures. Trading will be supported from Feb. 12, provided liquidity conditions are met.

Whale Alert reported that 1,000,000,000 USDT has been transferred from Binance to an unknown wallet. The transaction is valued at about $1,000 million.

Wall Street investment analysis firm Wolfe Research has projected that BTC could experience further declines. The firm noted that after falling more than 50% from its October high of $126,000, BTC has rebounded but is struggling to maintain upward momentum. "In past four-year cycles, bear markets have shown an average decline of 75%, which in this case could see BTC fall to around $30,000," Wolfe Research analyzed. It added that the macroeconomic, political, and market pressures that triggered the sell-off remain, making a significant rebound from new legislation or improved risk appetite unlikely.

The decentralized perpetual futures exchange LIGHTER has partnered with Circle to share revenue generated from the $920 million in USDC deposited on its platform, according to Zoomer News.

Cango (CANG), a Bitcoin mining company listed on the New York Stock Exchange (NYSE), has secured a $65 million investment, The Block reported. The investment will be made through entities fully funded by Cango Chairman Xin Jin and Director Chang-Wei Chiu, which will acquire $65 million worth of the company's Class A common stock. The acquisition is set to be completed this month. Cango stated that it plans to use the investment to expand into the artificial intelligence and computing sectors.

Developers of Bitcoin Layer 2 solutions believe the next phase for the network will be defined by expanding its utility, CoinDesk reported. Speaking at Consensus Hong Kong, representatives from Citrea, RootstockLabs, and BlockSpaceForce emphasized that Bitcoin's scalability should focus not just on increasing throughput but on transforming it into a programmable financial base layer. Charles Cheng of BlockSpaceForce noted a growing institutional demand for Bitcoin-collateralized loans and yield strategies, predicting that Bitcoin Finance (BTCFi) could become a catalyst for new institutional capital inflows.

Whale Alert reported that 200,000,000 USDT has been transferred from an unknown wallet to Binance. The transaction is valued at about $200 million.

The three major U.S. stock indices opened higher today. - S&P 500: +0.37% - Nasdaq: +0.38% - Dow Jones: +0.40%