24-Hour Hot Cryptocurrencies and News | US Treasury Secretary Bessenter: Crypto Market Structure Bill Needs to Pass This Spring; EU Plans Comprehensive Ban on Cryptocurrency Transactions with Russia (February 11)

This article is machine translated
Show original

1. Popular cryptocurrencies on CEXs

Top 10 CEX trading volumes and their 24-hour price changes:

  • BTC: -1.80%
  • ETH: -3.86%
  • BNB: -2.56%
  • SOL: -3.05%
  • ACM: +6.47%
  • CITY: +6.08%
  • JUV: +6.23%
  • LAZIO: +4.79%
  • BAR: +4.95%
  • PIVX: -2.12%

24-hour gainers list (data source: OKX):

  • ZRO: +29.03%
  • SONIC: +13.09%
  • ALLO: +12.57%
  • OMI: +7.97%
  • G: +5.60%
  • FLOW: +4.93%
  • NAVX: +4.29%
  • OL: +4.20%
  • WCT: +4.00%
  • T: +3.83%

24-hour cryptocurrency stock gainers list (data source: msx.com ):

  • NET: +19.7%
  • FIG: +10.08%
  • ETHD: +9.53%
  • CONI: +9.05%
  • MSTZ: +7.93%
  • TGL: +7.17%
  • CRDO: +8.64%
  • ZSL: +6.36%
  • MDB: +6.07%

2. Popular on-chain memes (data source: GMGN ):

  • WhiteWhale
  • WAR
  • USELESS
  • PENGUIN
  • Buttcoin

Headlines

US Treasury Secretary Bessant: Crypto Markets Structure Bill Needs to Pass This Spring

In an interview with Fox News, U.S. Treasury Secretary Bessenter stated that the Crypto Markets Structure Act needs to be passed this spring, adding, "We need to get the Crypto Markets Structure Act done," while also expressing optimism about its passage.

US SEC Commissioner: SEC rules should not create "unnecessary obstacles" to the evolution of tokenization technology.

U.S. SEC Commissioner Mark T. Uyeda commented on securities tokenization, stating that SEC rules should not create "unnecessary obstacles" to technological evolution. Speaking at an asset management derivatives forum, Uyeda pointed out that tokenization has moved from theoretical exploration to early practical application, with market participants testing how traditional securities can be issued, held, and transferred on-chain. He emphasized that tokenized securities remain under securities regulations, and technological advancements have not altered core legal obligations such as information disclosure, asset custody, and investor protection.

Uyeda stated that the SEC's role is not to create a parallel set of rules for crypto-native assets, but rather to adapt existing securities laws to the on-chain environment without causing unnecessary friction. He reiterated the SEC's commitment to "technology neutrality," focusing on regulatory outcomes rather than specific procedures. Uyeda specifically mentioned that the SEC recently received an exemption application based on the Investment Company Act, indicating that tokenization "is no longer just a theoretical concept, but is becoming a reality."

The EU plans to completely ban cryptocurrency transactions with Russia.

The EU has proposed a complete ban on all cryptocurrency transactions with Russia to prevent sanctions evasion.

SBF has applied for a retrial in an attempt to overturn the FTX fraud conviction.

Former FTX CEO Sam Bankman-Fried (SBF), who has already been convicted, is seeking a retrial. His mother has reportedly filed an application in New York federal court, arguing that new evidence has emerged and the fraud charges should be reopened.

Currently, SBF is pursuing the application in his own defense (pro se). According to legal procedures, he must prove the existence of significant new evidence sufficient to influence the original verdict in order to potentially obtain a retrial.

SBF was previously sentenced to 25 years in prison for the FTX collapse and has continued to challenge the verdict through appeals and other means. His past defense has emphasized that FTX was not completely insolvent at the time of its collapse, but the appeals court judge pointed out that the core of the case was whether customer funds were misappropriated and investors were misled, rather than whether the company was insolvent.

In addition, US President Trump recently stated that he will not consider granting SBF a pardon.

Polymarket partners with Kaito AI to expand into the "attention market"

Polymarket announced a partnership with Kaito AI to expand into the "attention marketplace," allowing users to predict the popularity of trends, brands, and people, as well as public opinion. Polymarket's transaction volume exceeded $1 billion in January, and the partnership with Kaito AI will support its expansion into the "attention marketplace."

Opinion: $308 billion in capital inflow in 2025 failed to boost market capitalization; the DAT strategy has failed.

CryptoQuant CEO Ki Young Ju stated that despite the inflow of $308 billion in 2025, it failed to boost market capitalization, causing the DAT strategy to fail and BTC is facing excessive selling pressure.

Analysts: Rising Japanese government bond yields mainly reflect "normalization"

Jost van Lunds, senior investment strategist at Dutch wealth management firm Van Lanschot Kempen, said in a report that the recent rise in Japanese government bond yields is mainly a normalization after years of deflation and low or even negative interest rates. “The new government’s largest fiscal program to date could put further upward pressure on yields,” Lunds noted. The expansionary fiscal policy under Prime Minister Sanae Takaichi has sparked market concerns about debt sustainability, leading to higher yields and a weaker yen. This followed Takaichi’s landslide victory in the weekend’s House of Representatives election and her pledge to implement responsible fiscal policies.

Industry News

Data shows that the share of perpetual contracts in DeFi protocol revenue has increased approximately fourfold since its bottom in 2023, reaching parity with spot trading revenue on exchanges.

DCo investor Joel John stated on the X platform that since the bottom in 2023, the share of perpetual contracts in DeFi protocol revenue has increased approximately fourfold. This revenue is now close to half of Tether and Circle's daily revenue and on par with spot trading revenue on exchanges.

The US Solana spot ETF saw a net outflow of $15,000 in a single day.

According to SoSoValue data, the Solana spot ETF saw a net outflow of $15,000 yesterday (February 9th, Eastern Time).

Yesterday (February 9th, Eastern Time), the Bitwise SOL ETF BSOL saw a net inflow of $1.281 million, bringing its total historical net inflow to $671 million.

The Grayscale SOL ETF (GSOL) saw a net outflow of $1.296 million in a single day, while its total historical net inflow is currently $108 million.

As of press time, the Solana spot ETF has a total net asset value of $733 million, a Solana net asset ratio of 1.47%, and a historical cumulative net inflow of $862 million.

BitDeer sold 468.8 BTC and now holds 1039 BTC.

Bitdeer Technologies, a Singapore-listed Bitcoin mining company, has sold 468.8 BTC, bringing its total holdings to 1039 BTC. It ranks 47th on this list.

The value of Harvard University's Bitcoin ETF holdings exceeds the value of its Google stock holdings.

Harvard University's holdings of Bitcoin ETF assets have exceeded its holdings of Google stock assets.

CertiK predicts the market will reach $63.5 billion in trading volume by 2025, with concentrated exposure to security and compliance risks.

CertiK's "2026 Skynet Prediction Market Report" shows that the prediction market's trading volume grew to $63.5 billion in 2025, a fourfold increase, with Kalshi, Polymarket, and Opinion becoming the dominant platforms. However, this growth also brings new risks, including oracle vulnerabilities, abuse of administrator keys, and Web 2.5 architectural issues.

The report points out that prediction markets are legal financial products in the US as ruled by the CFTC, but are banned in several EU countries as unauthorized gambling. Furthermore, regulatory differences across US states may further exacerbate compliance complexity. In December 2025, Polymarket's third-party authentication provider suffered a security incident, exposing a centralized point of failure in its hybrid Web2/Web3 architecture. The study also estimates that during peak airdrop periods, manual trading volume on some platforms reached 60%, severely distorting liquidity metrics.

CertiK predicts that the prediction market will see enhanced technology privacy and accelerated institutional adoption in 2026, but platforms will need to address issues such as liquidity maintenance, security infrastructure development, and revenue model sustainability to achieve long-term growth.

Project News

Polymarket's Chief Legal Officer: A lawsuit has been filed in federal court against Massachusetts.

Polymarket CLO Neal Kumar stated in a post on the X platform that a lawsuit has been filed in federal court against Massachusetts. The U.S. Congress has granted the CFTC, not individual states, exclusive jurisdiction over event contracts. These are national markets, and key issues must be resolved in federal court. Attempts by states like Massachusetts and Nevada to shut down Polymarket US and other prediction markets through state courts will not change federal law and will miss opportunities to develop future markets. While these important issues are being heard in federal court, Neal Kumar stated that he continues to welcome dialogue with other states and advocates for the rights of users.

Previously, it was reported that a Massachusetts judge ruled in January to ban Kalshi from offering sports betting services in the state.

Hong Kong Victory Securities has suspended cryptocurrency trading functionality for users with mainland Chinese identities.

Victory Securities (Hong Kong) officially shut down cryptocurrency trading for all users with mainland Chinese identities on the afternoon of February 9, 2026. Only withdrawal permissions remain; deposits and new transactions are no longer supported. This is a continuation of the platform's gradual tightening of services for mainland users, including previous measures such as prohibiting purchases and suspending new address verification, aimed at complying with Hong Kong Securities and Futures Commission regulations and relevant mainland policies. Currently, non-mainland tax resident users can still use cryptocurrency trading services normally, and affected users can continue to withdraw their assets.

FinChain, a subsidiary of Fosun Wealth, launched the RWA stablecoin FUSD on Avalanche.

FinChain, a blockchain financial platform under Fosun Wealth Holdings, launched FUSD, a stablecoin backed by RWA assets, on the Avalanche platform. FUSD is backed by compliant financial assets (including money market funds and government bonds) and aims to provide native yields while maintaining full liquidity and enabling its widespread application in the DeFi field.

Investment and Financing

Xross Road raises $1.5 million in pre-seed funding to develop its AI comics platform.

Xross Road announced on the X platform that it has completed a $1.5 million pre-seed funding round. This funding will be used to develop next-generation IP creation and distribution through Xross Road and its AI-powered comics platform, HANASEE. The round was led by Arbitrum Gaming Ventures, Decima Fund, Taisu Ventures, and Baboon VC.

Sahara AI has entered into a strategic partnership with South Korean payment giant Danal Fintech to jointly build a stablecoin AI payment system.

On February 10th, artificial intelligence company Sahara AI and Danal Fintech, one of South Korea's largest payment technology companies, reached a deep collaboration to jointly develop a next-generation AI payment system based on stablecoins. The two companies will combine Danal's large-scale payment and clearing experience with Sahara AI's full-stack agent platform to upgrade core scenarios such as cross-border payments and automated reconciliation with AI, improving the system's reliability and operational efficiency in real-world financial scenarios.

Meanwhile, Danal subsidiary PayProtocol plans to integrate Sahara AI's investment assistant, Sorin, into the Paycoin App, providing millions of users with real-time market updates and asset analysis. This collaboration marks Sahara AI's official entry into large-scale traditional finance and payment scenarios.

LayerZero Labs Receives Strategic Investment from Tether

Stablecoin issuer Tether announced a strategic investment in LayerZero Labs, the specific amount of which was not disclosed. LayerZero Labs is the creator of one of the bridging frameworks currently on the market, and its underlying technology enables digital assets to be transferred securely and efficiently between blockchains.

Decentralized trading platform edgeX receives investment from Circle Ventures

Circle Ventures announced an investment in decentralized exchange edgeX. The specific amount and valuation were not disclosed. Circle also plans to integrate its stablecoin USDC and Cross-Chain Transfer Protocol (CCTP) into edgeX's blockchain, EDGE Chain. Reportedly, the two companies began discussions at the end of 2025 and finalized the investment deal last month. Circle Ventures is the sole investor in this round of funding.

Bretton AI raises $75 million in Series B funding, led by Sapphire Ventures.

AI-driven financial compliance startup Bretton AI announced the completion of a $75 million Series B funding round, led by Sapphire Ventures, with participation from Greylock, Thomson Reuters Ventures, and Citi Ventures. Founded by Will Lawrence, a former compliance officer at stablecoin infrastructure company Paxos, the company's clients are primarily fintech service companies, including startups like Mercury, Ramp, Robinhood, and Coinbase, as well as some community and regional banks, helping them achieve anti-money laundering and customer due diligence (KYC) compliance operations.

Regulatory Trends

Bloomberg: Traditional banking organizations oppose opening the Federal Reserve's payment system to crypto and fintech companies.

The Bank Policy Institute, the Clearing House Association, and the Financial Services Forum have formally submitted a joint comment letter opposing granting direct access to the Federal Reserve's payment system to crypto and fintech companies.

Banking groups are demanding a 12-month observation period before companies qualify for approval and requiring the Federal Reserve to deny access to regulated stablecoin issuers until they prove their safe operation. Furthermore, the banking industry is concerned about the "simplified account" proposal, arguing that it lacks safeguards against runs on new companies. Currently, companies like Circle Internet Group Inc. and Stripe Inc. are seeking to bypass partner banks through this proposal. Previously, President Trump signed the Genius Act in July 2025, but a regulatory framework for stablecoin operators has not yet been finalized.

Russian regulators begin restricting access to Telegram.

Russia's communications regulator, Roskomnadzor, plans to restrict access to Telegram starting Tuesday. Speed ​​limits on the instant messaging service have already been implemented, according to another unnamed source familiar with the matter.

Character voices

Arthur Hayes challenges Kyle Samani: Who is your king of Altcoin?

BitMEX co-founder Arthur Hayes posted on the X platform asking Kyle Samani if ​​there was still a bet about who he considered the king of Altcoin.

Shenyu: Compared to funds and institutions, the advantage of individual investors is that they can acquire bottom-level shares without restriction.

Shenyu posted on the X platform that the biggest structural advantage of individual investors is not information or capital, but the fact that they don't need to account to others. Funds, due to limited partners (LPs), drawdown limits, and quarterly performance reviews, are forced to sell when it's not advisable. Individual investors can leverage volatility and time to generate returns, acquiring shares that others have sold at the bottom due to institutional constraints.

The author of "Rich Dad Poor Dad" says that if he could only choose one asset to invest in, the answer would be Bitcoin.

Robert Kiyosaki, author of *Rich Dad Poor Dad*, posted on the X platform that when asked which investment is better, gold or Bitcoin, he recommends diversifying assets by allocating to gold, Bitcoin, and silver. However, if he had to choose one asset, he would choose Bitcoin. Kiyosaki pointed out that gold is theoretically unlimited; as the price of gold rises, miners will mine more gold. Bitcoin, on the other hand, has a design limit of 21 million coins, meaning its supply cannot be increased, and therefore its price should theoretically continue to rise. Furthermore, Kiyosaki expressed a pessimistic view on the future of the US dollar, believing that fiat currency savers may be the biggest losers. He also revealed that he has purchased 600 silver American Eagle coins. With the current spot price of silver at approximately $82 per ounce, he predicts that the price of silver will rise to $200 per ounce or higher by 2026.

SBF: Never filed for FTX bankruptcy; the real culprits behind FTX's collapse were lawyers who wanted to steal company assets through a bankruptcy filing.

Crypto KOL and Rollbit partner Alex Wice posted on the X platform that Ryan Salame's imprisonment for refusing to testify against SBF reflects flaws in the US justice system. Alex Wice argues that SBF was deprived of his right to present evidence during the trial, with Judge Kaplan rejecting his use of "reliance on legal advice" as a defense and excluding evidence related to solvency and terms of service.

Alex Wice argues that the trial narrative is a fabrication devised by prosecutors and Sullivan & Cromwell to pin all blame on SBF. In reality, FTX had only a very small funding shortfall at the time of bankruptcy. While SBF had mismanagement, it had no motive for fraud and consistently tried to keep FTX running to repay customers. He believes that if SBF hadn't signed the bankruptcy settlement, FTX customers might have received their payments much faster. Alex Wice calls for the release of Ryan Salame and SBF.

In response to this matter, the SBF X platform account posted: "I basically agree with all the points above. But FTX has never gone bankrupt. I have never filed for bankruptcy. The lawyers took over the company, and four hours later, they filed a false bankruptcy application in order to steal the company's assets."

CZ responded to the claim that "exchanges should stop listing junk memes": They should list all coins.

CZ posted on the X platform, stating that it's good for DEXs to list all tokens, while it's considered bad for CEXs to list all tokens. He believes exchanges should provide users with trading channels for all assets. Furthermore, CZ noted that each exchange has its own listing framework, and that this framework may change over time.

CZ reveals the inside story of Binance's investment in FTX: Binance withdrew in 2021 after problems arose, and there are still lawsuits involving FTX.

In a recent interview shared on the X platform, CZ recalled his investment experience with SBF. He stated that he first met SBF at a conference in Singapore in 2019. At that time, FTX proposed to form a joint venture, which was initially rejected. A subsequent proposal led to Binance's investment in acquiring a 20% stake in FTX. Some problems arose during this process, and Binance withdrew from the investment in July 2021. There are still related lawsuits ongoing, and he is unclear about FTX's bankruptcy proceedings and compensation situation. CZ also revealed that applying for a US presidential pardon requires a lawyer to draft a petition stating the reasons, such as whether there was excessive prosecution and whether the person is of good character. The final decision rests entirely with the US president, and there is no fixed or standardized procedure. Obtaining a pardon is crucial for Binance's compliant entry into the US market. He also believes that Trump's own legal problems may contribute to the success of the pardon application.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments