#Coinbase launches Ethereum L2 network Base#
On February 23, Coinbase announced the launch of the Base testnet, an Ethereum Layer 2 network (L2) designed to provide a secure, low-cost, and developer-friendly way to build on-chain decentralized applications. Coinbase and Base aim to attract the next billion users into crypto. To achieve this goal, Base will serve as a home for products on the Coinbase chain and an open ecosystem that anyone can build.
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蛙丑丑.WLFI
$Lumen is the token for an AI agent being tested under the leadership of @albertwenger. Initially released by the community, it gained @albertwenger's approval. He believes artificial intelligence should be self-sufficient, so the return fees from the #Lumen token will cover the automated operating costs of @LumenFTFuture. Albert Wenger is the managing partner of Union Square Ventures (USV), a well-known US venture capital firm. He has led numerous investments, most of which have been profitable. A prime example of his crypto-related investments is COINBASE. His background is top-tier. This investment in Lumen is an experiment, an informal one, essentially a hands-off approach, allowing the agent to operate autonomously and become self-sufficient to see how it performs. The agent uses the $LUMEN token to cover computational costs, achieving economic self-sufficiency for the AI agent. Albert Wenger considers this an emerging experiment and explicitly states that it's not a short-lived hype, but rather something to watch for the long term. 0xa9fee7b2f54781a14c85a1b8815345aefbe1eb07 $FELIX Positioned as the CEO of a company, yes, using an AI Agent as CEO, somewhat similar to #Lumen, allowing them to form a closed loop—that is, generating economic revenue independently without human intervention, thus forming a true AI economic closed loop. However, its background and resume are not as impressive as Lumen's, but it has gained the attention of the founder of A16Z. 0xf30bf00edd0c22db54c9274b90d2a4c21fc09b07 Both of the above are officially recognized tokens; they are not simply freebies and did not receive transaction fees. #BASE Chain Robot: t.me/based_eth_bot?start=r_yue...… DEBOT Robot (BASE chain scanning, smooth and lag-free): inv.debot.ai/r/179130
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Phyrex
It's great to have the opportunity to discuss the liquidation issue of $IBIT with Professor Jiang. First, we need to clarify a few details. 1. The Bitcoin spot ETF trades the ETF itself, not $BTC. 2. The secondary market trading of the BlackRock spot ETF is for $IBIT, and only IBIT. 3. The only instances of Bitcoin in the spot ETF involving Bitcoin are in the primary market buying and redemption, which are provided to BlackRock by various APs (although not market makers, they can be understood as such). 4. When users in the primary market need to issue new IBIT, BlackRock requires APs to provide spot BTC as "certificates" for the corresponding new IBIT issuance. This BTC is held in custodial wallets and cannot be used or traded by BlackRock or any other organization; it is regulated. Currently, the custodian is Coinbase. 5. When users in the primary market need to redeem IBIT, BlackRock needs to transfer BTC to AP. AP then sells the BTC and transfers the funds to BlackRock, which then completes the redemption. 6. Here's the key point: please note that AP's provision or sale of BTC may not be through the market, especially not through the secondary market. AP may even be holding BTC itself. For AP, it only needs to complete the transaction within T+1 timeframe with the required BTC or USD. Therefore, the less than 6,000 BTC sold across the US on Thursday represents all the BTC sold by the ETF. This portion may not all enter the market; even if it does, the maximum is only 6,000 BTC. 7. IBIT itself tracks the price of Bitcoin, which is also very important!! ETFs track price, not BTC itself. This is similar to $MSTR (only the presentation is similar, the structure is different). Does a rise in MSTR necessarily mean a rise in BTC, or a fall in MSTR necessarily mean a fall in BTC? Nobody believes that. And does the price change of MSTR itself affect the price of BTC? There's definitely no direct transmission, because MSTR is an independent asset. The same applies to IBIT. IBIT tracks the price movement of BTC. If BTC rises, IBIT will rise 99.99% of the time. But if BTC rises by 20% today, and BlackRock suddenly announces that its stored BTC has been stolen and cannot be compensated, then IBIT will definitely fall. That's the logic. 8. Will IBIT's secondary market affect the spot price of BTC? There's no direct transmission. Jiang mentioned that the secondary market received sell orders from market makers, which is possible, but at most 6,000 BTC—that's the upper limit. Furthermore, it's almost impossible for AP to sell any more BTC to the market. The only BTC AP can obtain is from transfers from all ETF institutions, including BlackRock. On Thursday, less than 4,000 BTC were transferred out of IBIT, so I don't believe the sharp drop was due to those 4,000 BTC. 9. It's possible that AP itself has other BTC to sell, but this is unrelated to IBIT. AP is independent and has its own BTC reserves and trading. However, the only BTC AP can obtain from IBIT is from the primary market exits; not even 0.01 BTC more. 10. All the pressure in the IBIT secondary market is concentrated on the IBIT stock itself. Buying and selling IBIT is equivalent to buying and selling BTC (price fluctuations), and it doesn't actually affect BTC itself. The above is open for friendly discussion between Mr. Jiang (@Jiangzhuoer2) and everyone else.
江卓尔_莱比特矿池
@Jiangzhuoer2
这点我不同意，我倾向于原因就是IBIT的大规模清算。 1、虽然明面上看起来，IBIT的一级市场并没有卖出多少BTC，但你不知道二级市场接抛压的做市商/套利者，为了对冲，同时在币圈交易所卖出/做空了多少BTC。 x.com/Phyrex_Ni/stat…
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梭教授说
All In 8th, Morning News: In the early hours of the morning, some people in the group were saying there was a bug, while others were watching the excitement and placing orders, and my good buddy was playing with AI 😂. 1. $BTC Everyone thought the pullback would only happen on Sunday, but unexpectedly, it started to TP on Saturday afternoon due to large transfers. Then, in the early morning, the market maker's strategy caused the price to fluctuate wildly. I can only admire people with muscle-like reflexes. 2. $ETH Following BTC's fluctuations, it seems there are no more whales liquidating on-chain, or perhaps on-chain analysts aren't analyzing other whales. The rebound is quite good. 3. $SOL It has dropped more than 200 from 290 at the beginning of last year. Let's see if the withdrawal is complete or what the situation is. There is still wealth creation on the blockchain. 4.Tether Assisted Türkiye in seizing $544 million in crypto assets related to gambling and money laundering networks; 5. Bitcoin mining difficulty decreased by 11.16%, the largest drop since the crackdown on mining in China in 2021; 6.Coinbase CEO: Remains firmly bullish on the crypto industry in the long term; 7. The South African Reserve Bank Governor warned that the increasing use of stablecoins could undermine monetary uniformity; 8.Bitwise Advisor clarifies rumors: Nasdaq has not removed IBIT option position limits; 9. Forward Industries, the largest publicly traded company in Solana, reported a book loss of nearly $1 billion, and its stock price has fallen nearly 90% from its peak. 10. Illinois, USA, proposes the "Community Bitcoin Reserve Act"; 11.BTC ETH experienced short-term abnormal fluctuations across multiple platforms, with amplitudes ranging from approximately 1% to 5%; Group members speculated that the problem likely stemmed from an issue with the market maker on @Bybit_Official. 12. Bloomberg analysts reflect on Bitcoin ETF's failure to reduce volatility: Early holder selling pressure was underestimated; 13. Market prediction expert Kalshi revealed that NBA star Giannis Antetokounmpo holds less than 1% of the company's shares. 14. @cz_binance: Binance is assisting with the recovery efforts following the Bithumb airdrop blunder. Offer help again? 15. Ernst & Young warns: Banks must "have wallets" or they will lose customers; smart wallets may replace the core position of bank accounts. ----------- Try to find more opportunities, I'm really amused by the group members 😂, they're playing games when they should be studying, and studying when they should be playing games 😭. #Bitcoin #Ethereum #Solana #Crypto
BTC
2.3%
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Stacy Muur
I went through the @monad post-launch metrics. Numbers show that the network isn't dead: • 1.6-2.1M transactions daily • TVL is $220M (down 21% from mid-December peak) • Daily active accounts are around 20-35K The $MON token is trading at $0.018 (down 64% from ATH). But these are just the surface numbers. More than 50% of the chain's activity (~18K users) comes from the @naddotfun token launchpad, a dApp similar to @Pumpfun. All other dApps have under 2K users. For a chain that raised $244M from @paradigm and @coinbase, having one memecoin platform carry the entire ecosystem is not sustainable. As soon as the meta changes, Monad could lose its only active user base. The infrastructure works as intended. The challenge is proving what Monad offers beyond raw speed compared to Base or other established chains. I wouldn’t call Monad a ghost chain yet, but the trajectory points in that direction. High TPS means nothing without the active users.
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2.43%
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Gohan 🧬
Thread
Chads, you’re building on @base ? Distribution matters, right, but ut product still matters more. Base is the ultimate chain for builders because it combines cheap fees, fast finality, and Coinbase-scale distribution in one stack. Creators can focus on product instead of infrastructure, and users are already here to test it. Here’s how I’d sort these right now: 🟢 S-Tier - Real infra, real demand ▸ @HydrexFi : Omni-Liquidity MetaDEX Best pure utility on this list. Aggregation solves an actual trader pain. ▸ @UpscaleTrade : AI prop trading TradFi discipline + DeFi rails. Clear workflow, clear revenue path. 🔵 A-Tier - Strong potential ▸ @pokpok_io: Options on Base Right product for an underbuilt market. ▸ @0xNeurobro: AI alpha tracking Good signal tool if data quality holds. ▸ @Delta3Protocol: Delta-neutral yields Always useful if execution is solid. 🟡 B-Tier - Interesting, still proving ▸ @tryemerge: AI workflow monetization ▸ @NetMindAI: Big vision, crowded space ▸ @indexy_xyz: Index products 🟠 C-Tier - Niche plays ▸ @TemplFun: XMTP chat monetization ▸ @bitmor_btc: BTC loans on Base 🔴 D/F-Tier - Mostly narrative ▸ @AllYourBase_AYB: meme + AI ▸ @TheBasedInc: useful tool, not infra ▸ @GemworksMarket: very niche demand Everything else is still experimenting, looking up... If you’re a builder, Base is where shipping actually gets distribution. If you’re a user, explore these projects and dig deeper into the Base ecosystem. That’s my current board 👀
BASE
2.26%
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Crypto Market Aggregator|币圈新闻汇总
[1/3] [Crypto/TradFi Merge Update] 2026-02-07 08:00 (Beijing Time) ━━ Important News ━━ 1. China further tightens crypto regulations: explicitly prohibits unapproved "RMB-pegged stablecoins" and restricts RWA tokenization and other activities. Multiple media outlets reported that the regulatory approach has included "offshore issuance of RMB stablecoins/unapproved RMB-pegged stablecoins" in the scope of explicit prohibition/restriction, and has strengthened constraints on real-world asset (RWA) tokenization and related activities, indicating an expansion of the crackdown on stablecoins and asset tokenization. (CoinDesk | Decrypt) 2. South Korean exchange Bithumb experiences a flash crash due to a bookkeeping/distribution error: A large amount of BTC was mistakenly recorded, causing the price of BTC on the platform to drop to approximately $55,000. Reports indicate that Bithumb made a bookkeeping error in its internal reward/distribution process, resulting in fake BTC balances in user accounts and triggering a sell-off. The price on the platform plummeted rapidly (some reports claim this was equivalent to an "airdrop" of approximately 2,000 BTC; others report that the mistaken distribution was of a much larger scale). The incident was subsequently corrected, but the short-term impact was significant. (CoinDesk | Decrypt) 3. Coinbase's collateralized lending product experiences its "largest liquidation wave since launch": approximately $170 million has been liquidated in 7 days, with potential liquidations reaching $600 million in extreme scenarios. Dune data shows that approximately $170 million was liquidated in the past 7 days; if the value of the collateral drops by another 50%, the potential liquidation size could reach approximately $600 million. This loan was executed by the DeFi protocol Morpho and used a default over-collateralization mechanism. (Decrypt | WuBlockchainEnglish) 4. Coinbase International/Advanced will suspend trading of several perpetual contracts around February 20th. Coinbase stated that in order to maintain a "high-quality derivatives market" and focus on products that meet liquidity and market quality standards, it will suspend several perpetual contracts (including a series of contract pairs such as 1000SATS, BLAST, MANTLE, RSR, HNT, and FLOW) around 13:00 UTC on February 20. (BlockBeats | PANews | Odaily) 5. Statements from Federal Reserve officials: Jefferson said policy is "in a favorable position"; Daly said the situation is "unstable" and there are two risks to inflation and employment. Jefferson expects economic growth of about 2.2% this year and PCE year-on-year growth of 2.9% in December, and said the job market may move toward a balance of "low hiring and low layoffs"; Daly emphasized that the situation is unstable and that it is necessary to balance inflation targets and full employment. (BlockBeats | BlockBeats | Odaily) 6. US stocks rebounded strongly: the S&P 500's market capitalization increased by approximately $1.1 trillion in a single day, with the S&P 500 up 2.1% and the Nasdaq up 2.3%. Data shows that the S&P 500's market capitalization increased by approximately $1.1 trillion in a single day; the S&P 500 closed up about 2.1% and the Nasdaq about 2.3% that day, indicating a recovery in risk asset sentiment. (Kobeissi Letter | Kobeissi Letter | Kobeissi Letter) 7. Sberbank, Russia's largest bank, is pushing forward with "crypto asset-backed loans," with related legislation expected to be introduced by mid-2026. CoinDesk reports that Sberbank is moving forward with its crypto-secured loan product after reaching a pilot agreement with mining companies, with supporting legislation expected to be implemented by mid-2026. (CoinDesk) 8. Galaxy Digital's stock price jumped approximately 18% after announcing a $200 million stock buyback program. The company's stock price surged after it announced its share buyback plan, boosting market expectations for its capital management and valuation. (CoinDesk) 9. Bitfarms announced a shift from Bitcoin mining to AI infrastructure (and plans to rename and relocate to the United States), causing its stock price to fluctuate significantly and rise. Multiple reports indicate that its strategic focus has shifted from mining to AI computing power/infrastructure construction, triggering a repricing of its valuation logic in the market (with varying degrees of increase). (The Block | Decrypt) 10. Ark Invest Reduces Coinbase (COIN) Stocks During BTC Downturn: Reports indicate that Ark Invest, owned by Cathie Wood, sold Coinbase stock when BTC was fluctuating near $60,000. (Decrypt) Market Analysis 1. BTC experienced significant intraday volatility: After surging to 70,000-71,000, it fell back and broke below 70,000 again (USDT/USD). Multiple market data updates indicate that BTC initially surged quickly, breaking through the 70k-71k range, before experiencing a significant pullback and falling back below 70k, with a marked increase in volatility.
USDT
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