CHAIN news

X platform clarification on transaction positioning: X product manager responds: the platform does not directly execute transactions, nor does it act as a broker, but only provides financial data and transaction redirect links.
Bitcoin reclaims $70,000: market shows BTC breaking through $70,000, currently reported at $70,001.17, up 1.71% in 24 hours, reminding to pay attention to risk control.
U.S. company applies for election-themed prediction market ETF: Bloomberg ETF analyst reports that Roundhill has submitted multiple ETF applications tracking contracts for U.S. presidential election results; approval may open up securitization channels for prediction market assets.

Benchmark partner clarifies: Gu Ailing joining was a joke, the news is false
Benchmark partner Bill Gurley clarified on platform X that the rumor of Gu Ailing joining was just a joke and not real news.
Asset management giant Apollo makes a significant investment in MORPHO tokens
Apollo, managing $900 billion in assets, has reached an agreement to purchase up to 90 million MORPHO tokens over the next four years, and will also collaborate with relevant parties to develop on-chain lending services.
Trump's advisors face collective lawsuit for promoting meme coin
Advisors to Trump, including Epshteyn, are being collectively sued by investors for promoting the meme coin 'Let’s Go Brandon.' Investors allege they falsely advertised the token as decentralized, while in reality, operators can control the smart contract, governance, and transactions, and even freeze accounts.

Coinbase's fourth quarter performance did not meet expectations, with trading revenue falling below $1 billion
Coinbase's total revenue for the fourth quarter was $1.78 billion, with an adjusted earnings per share of $0.66, both of which fell short of market expectations. Trading revenue dropped to $983 million, marking the first time it has fallen below $1 billion since 2023, showing declines both quarter-over-quarter and year-over-year; subscription revenue also saw a quarter-over-quarter decline. As of February 10, the company's first quarter trading revenue is approximately $420 million, with first quarter subscription revenue expected to be between $550 million and $630 million. Currently, Coinbase's after-hours stock price has slightly rebounded, but its cumulative decline this year still stands at 40%. The company stated that it remains optimistic about the long-term prospects of the cryptocurrency industry, believing that the industry is cyclical and that technological changes and product applications are still advancing.

Coinbase has launched an AI-powered wallet that can automatically rebalance for earning interest
Coinbase has announced the launch of the AI-powered wallet, Agentic Wallets, which is the first wallet that allows AI to independently manage money, make payments, conduct transactions, and earn interest. It is developed based on the x402 protocol, supports multiple blockchains, comes with built-in security, and the private keys are hosted by the platform to prevent leakage. Users can operate through the command line, and the AI can automatically seek high-yield opportunities for rebalancing in the middle of the night without manual confirmation. The platform claims it is upgrading from 'advisory AI' to 'actionable AI.' It is reported that the x402 protocol has processed 50 million transactions since its launch last year.

Recently, the market conditions in the global capital markets have left many investors exclaiming 'I don't understand' and 'too anxious.'
On one side, the various economic data officially released by the United States all indicate 'strength'—employment, consumption, output, and other core indicators are performing well, making it seem like the U.S. economy is steadily moving in a positive direction; but on the other side, the global capital markets have experienced a ' indiscriminate crash,' with U.S. stocks, gold, the Nikkei index, commodities, and even cryptocurrencies, nearly all notable assets are plummeting simultaneously, and panic is spreading like a tide, momentarily making people feel as if they have returned to the dark times of the financial crisis.

Interactive Brokers partners with Coinbase to lower the threshold for cryptocurrency futures trading: Interactive Brokers and Coinbase's derivatives platform, Coinbase Derivative, have collaborated to expand cryptocurrency futures business. Micro Bitcoin and Ethereum futures contracts will soon be available on the IBKR platform, requiring a minimum of only 0.01 BTC or 0.10 ETH to trade, significantly lowering the trading barriers for everyone.
Goldman Sachs discloses cryptocurrency holdings valued at $2.36 billion: Goldman Sachs has announced its cryptocurrency holdings, which are valued at $2.36 billion. This includes $1.1 billion in Bitcoin, $1 billion in ETH, $153 million in XRP, and $108 million in SOL.

Federal Reserve Governor Waller: The crypto boom triggered by Trump may have faded - Federal Reserve Governor Christopher Waller stated that the optimism that drove the cryptocurrency market up after Trump's election is gradually fading with the recent wave of sell-offs. He mentioned that fluctuations in the crypto market are common, and this volatility is mainly related to regulatory uncertainty and large financial companies adjusting their risk positions and selling assets.
MegaETH mainnet launched, simultaneously launching ecological front end The Rabbithole - MegaETH officially announced through social media that its mainnet has been officially launched, along with the ecological front end The Rabbithole. This front end helps users find currently running and upcoming applications, achieve asset bridging and swapping, and receive notifications about ecological events.

Trend Research has completely liquidated its ETH holdings, incurring a massive loss of $688 million.
According to Arkham data, Trend Research, under Yili Hua, transferred the last approximately 534 ETH to Binance yesterday, completing the total liquidation of ETH. Over the past 8 days, the institution has sold more than 658,000 ETH, with a total value of about $1.354 billion. Due to an average selling price lower than the cost price, this round directly incurred a loss of $688 million, not only reversing the previous profit of $315 million but also accumulating a loss of $373 million.
Jack Dorsey's Block company plans to lay off up to 10%.
The Bitcoin payment company Block (founded by Jack Dorsey) is advancing its restructuring, and has begun notifying hundreds of employees that their positions may be cut after the annual performance review, with the layoff ratio possibly reaching up to 10%. It is reported that Block started its restructuring plan in 2024, focusing on integrating Cash App and Square businesses to improve efficiency. The company will release its quarterly financial report on February 26, and analysts predict that its fourth-quarter profit will reach $403 million, with revenue of $6.25 billion.

BTC has fallen below $69,000, market volatility should be monitored
Market data shows that the price of Bitcoin (BTC) has fallen below $69,000, currently quoted at $68,983.9, with a decline of 3.72% in the last 24 hours. The market is currently quite volatile, reminding investors to manage risk effectively.
Ark Invest sold over $19 million in Coinbase shares
According to Bitcoin.com News, Ark Invest sold more than $19 million worth of Coinbase shares last Thursday. The reason was that Bitcoin had previously plummeted to nearly $60,000, prompting the company to reduce its holdings by 119236 shares of Coinbase ($COIN) in its ETF.

Yi Lihua is suspected of liquidating ETH, and the amount transferred to exchanges far exceeds the deleveraging demand
On-chain analyst Yu Jin posted on platform X that the operations of the address related to Yi Lihua are not just about deleveraging, but more like a complete liquidation. Currently, this address has transferred 630,400 ETH (approximately $1.294 billion) to Binance, with only 21,300 ETH (approximately $43.94 million) remaining on-chain, and 96% of the ETH has been transferred to exchanges, far exceeding the amount needed for deleveraging, making a complete liquidation highly probable.
21Shares applies to issue the Ondo ETF, analysts joke that the name sounds like a planet from (Star Wars)
Bloomberg senior ETF analyst Eric Balchunas revealed on platform X that 21Shares is applying to issue an ETF named Ondo. He stated that he had never heard of this ETF and joked that the name sounds like a planet from (Star Wars).

In the past few days, the entire cryptocurrency market feels like the 'sky has fallen,' with a severe drop that has left many new and old players stunned. Bitcoin led the plunge, and mainstream coins and altcoins have dropped to alarming levels. Let's break this down in simple terms to see what happened, why it fell so drastically, and what to expect next.
1. What has happened to Bitcoin?
Current price: has completely dropped below $70,000, with a minimum hitting just over $60,000, roughly in the range of $60,000~$61,000.
How severe was the drop? In the past 24 hours, it fell by 10%-15%, and at some points, it was even more exaggerated.

In the past 24 hours, the cryptocurrency market has completely 'collapsed'—this is the most brutal wave of selling this year, with mainstream currencies collectively plummeting, all with a drop exceeding 12%. Panic emotions are spreading like a tide, and the entire market is in lament.
Open the market software to see that the once strong mainstream currencies are continuously breaking down and hitting new recent lows: Bitcoin (BTC) has fallen to a minimum of $60,000, with a maximum drop of 18% within 24 hours, and as of the time of writing, it has barely recovered to $63,150; Ethereum (ETH) is even worse, directly breaking the key $2,000 level, dropping to a low of $1,744 and currently reported at $1,860, with a 24-hour drop of 13.7%; Solana (SOL) has fallen below $70, with a minimum of $67, and the 24-hour drop is as high as 19%.

U.S. Treasury Secretary warns: If the Clarity Act does not pass, the crypto industry will struggle to develop in the U.S.
U.S. Treasury Secretary Scott Bence recently criticized crypto industry figures who are obstructing the legislation of the Clarity Act during a Senate hearing, calling some opponents 'nihilists' who would rather have no regulation than accept the current bill. He emphasized that the bill is crucial for the U.S. crypto industry and that participants who do not accept it 'can move to El Salvador,' while also stating that there is hope for bipartisan support to push the bill through this year. Democratic Senator Mark Warner also expressed frustration over the legislative deadlock, stating that he feels 'stuck in crypto hell,' with national security and DeFi-related vulnerabilities being the current focus of negotiations.

This week's cryptocurrency market is aptly described as 'fire and ice.' On one hand, there's the 'panic sell-off' across the network triggered by the Federal Reserve's leadership change, with Bitcoin leading the plunge; on the other hand, there are multiple positive developments like regulatory breakthroughs, institutional investments, and endorsements from industry leaders. The short-term price fluctuations can be unsettling, but the medium to long-term trend is actually quite clear—institutions are quietly positioning themselves, and the 'normalization' of the crypto market is happening faster than we imagined.
Core Shock Source: The Federal Reserve Changes Leadership, Kevin Walsh's Nomination Triggers 'Fed Panic'

CME Group is considering launching its own 'CME Coin'
CME Group CEO Terry Duffy stated that the group is considering launching a proprietary 'CME Coin'. During a recent earnings call, he confirmed in response to a question that the company is exploring the launch of its own token and does not rule out deploying it on a decentralized network. Duffy revealed that the group is rigorously reviewing various forms of collateral, preferring to accept tokens issued by systemically important financial institutions as collateral, while also researching tokenized cash and proprietary token-related projects.

Trump signs funding bill, ending the partial government shutdown in the U.S.
On February 3 local time, U.S. President Trump signed a government funding bill in the Oval Office, resolving the partial government shutdown that began on January 31. The bill provides funding for several federal departments until September 30, the end of the current fiscal year, while also providing two weeks of funding for the Department of Homeland Security to facilitate further negotiations to improve its operations. Previously, the U.S. House of Representatives had voted to pass the funding bill.
The Ethena Foundation launches a 6-month incentive program, rewarding users related to USDe transactions.

White House Cryptocurrency Roundtable: Disagreements on Stablecoin Yields Unresolved, Compromise Requested Within This Month
The White House convened a roundtable meeting with the cryptocurrency industry and Wall Street banks, focusing on whether stablecoins can provide yields or rewards, but both sides failed to reach an agreement. The Trump administration has requested that all parties put forward a compromise proposal on the legislative language regarding stablecoin yields by the end of this month to advance the Senate's cryptocurrency market structure bill. The meeting was led by Presidential Cryptocurrency Advisor Patrick Witt, and the White House hopes to submit the bill to the Senate Banking Committee as soon as possible while also seeking support from some Democrats. The cryptocurrency industry believes there has been progress in this meeting, but the banks have yet to propose specific concessions.

🚀Topic: Physical AI + RWA On-chain, supported by CZ for investment in a new ecosystem📉
⏰Time: 2026.2.2 20:00 (UTC+8)
🎙️Organizer: CHAIN・news, FemtoAI (@Femto_AI)
🗣️Host: Ale
Special guest: Crypto Circle Peter (@zheyiguanjsn), Grace (@0xXiaoXiong, overseas KOL)
🔥Core highlights:
How can physical AI solve the challenges of standardization, risk control, and compliance in traditional RWA on-chain?

In 2026, physical AI + RWA will become a trend; what are the three major supports: policy, technology, and capital?Will CZ's investments lean towards national asset tokenization, green finance, and other scenarios?