🔍 Daily Briefing, February 10, 2026 📊 I. Key Data Fear and Greed Index: 10 (Extreme Fear) US BTC Spot ETF: Net inflow of $145 million yesterday; US ETH Spot ETF: Net inflow of $57.07 million yesterday. 📰 II. Important News of the Day 1️⃣ Macroeconomics and Regulation 1) On February 10th, U.S. Treasury Secretary Scott Bessant publicly criticized Coinbase on Fox News as a "stubborn player" because Coinbase opposes the Clarity Act. Bessant repeatedly emphasized the necessity of passing the Clarity Act during a Senate Banking Committee hearing last week, using strong language against its opponents. The Clarity Act aims to clarify the regulatory division of labor for crypto assets, with the SEC and CFTC each responsible for different areas. However, Coinbase is concerned that it may restrict its business model, such as stablecoin rewards, leading to divisions within the industry. 2) On February 10th, Federal Reserve Governor Christopher Waller stated that the Fed plans to launch a "simplified master account" by the end of this year, initially advancing limited access arrangements to the payment system. The traditional Fed master account provides institutions with direct access to the federal payment system and the U.S. monetary system, while the "simplified master account" will have significant restrictions, including no interest payments and no access to the discount window. This plan has previously been open for public comment and has revealed the differences between the crypto industry and community banks regarding whether non-traditional financial institutions should be allowed access to certain functions of the U.S. payment system. Waller stated that the Fed still needs to "continue to work things out" on these issues, but hopes to implement it within the year if conditions permit. 2️⃣ Industry News 1) On February 10th, Ethereum co-founder Vitalik Buterin published an article updating his systematic thinking on the intersection of Ethereum and artificial intelligence. He emphasized that AGI should not be pursued in an "indiscriminate acceleration" manner, but rather the values ​​of cryptography and AI should be deeply integrated. Core objectives include: preventing humans from being marginalized by AI or permanently stripped of power by an inescapable power structure, and preventing systemic risks arising from AI going out of control or an imbalance between offense and defense. In terms of a more short- to medium-term practical path, Vitalik proposed four key directions: first, building more "trustless/privacy-friendly" AI interaction tools; second, Ethereum as the AI ​​economic interaction layer; third, making a "cyberpunk-style self-verifying world" a reality; and fourth, reshaping market and governance mechanisms. 2) On February 10th, Base App announced a shift in its product direction, focusing on creating a better on-chain trading experience. The news feed will only display tradable assets and on-chain activities, and the Talk discussion section will be removed. Simultaneously, Base App will gradually terminate its Creator Rewards incentive program, which has distributed over $450,000 to approximately 17,000 creators in the past six months. The program will end on February 15th. 3) On February 10th, Goldman Sachs issued a warning that hedge funds are short US stocks at an unprecedented pace amid escalating concerns that artificial intelligence could disrupt traditional business models. Data shows that nominal short of individual stocks reached a record high since records began in 2016 last week. The report stated that Anthropic's launch of a new tool to automate tasks across multiple industries triggered a concentrated sell-off. 164 stocks in the software, financial services, and asset management sectors collectively lost approximately $611 billion in market capitalization last week. Although US stocks rebounded on Friday, the Nasdaq 100 index still recorded its worst week of the year, reflecting continued fragile market sentiment. 4) On February 9th, CME Group officially announced that its Cardano (ADA), Chainlink (LINK), and Stellar (XLM) futures contracts are now available for trading. Users can expand their trading strategies through the capital efficiency and flexibility of these new contracts, which also offer "micro" versions. 5) On February 10, Ark Invest, owned by Cathie Wood, increased its holdings of Bullish stock by 57,164 shares (worth $1.83 million) on Monday, after the latter's stock price rose by 16.76% in a single day. Ark had already purchased 393,057 shares of Bullish stock last Friday, worth approximately $10.8 million. 3️⃣ Trends in companies I'm following/AI-related developments 1) On February 9th, it was reported that Seedance 2.0, ByteDance's AI video generation model, swept across the domestic and international internet during its limited beta testing phase. Feng Ji, the creator of *Black Myth: Wukong*, commented that Seedance 2.0 is currently the most powerful video generation model available, bar none. This model employs a dual-branch diffusion transformer architecture, capable of generating both video and audio simultaneously. Users only need to write detailed prompts or upload an image to generate a multi-camera sequence video with native audio within 60 seconds. Analysts believe that Seedance 2.0 has the potential for early large-scale application in AI comics, AI animation, and short drama production, significantly reducing costs, improving efficiency, and releasing new content supply. The technological breakthrough of Seedance 2.0 has also acted as a catalyst for sentiment surrounding AI video content, with media and IP-related sectors showing significant gains, and many stocks, including Chinese Online and iReader Technology, surging to their daily limit. 2) On February 10th, it was reported that Alphabet, Google's parent company, plans to raise $20 billion through a bond issuance. This will provide Google with ample resources for AI model development, server upgrades, and global data center expansion. According to sources, the bond issuance has already received over $100 billion in pre-orders, representing an oversubscription rate of 5 times. The bonds are expected to be issued in seven different maturities, and the management team comprises top global financial institutions such as JPMorgan Chase, Goldman Sachs, Bank of America, Deutsche Bank, Royal Bank of Canada, and Wells Fargo.