FTX to Start Repayments for Bahamas Creditors on February 18

FTX will begin repaying creditors in the Bahamas process from February 18, prioritizing claims under $50,000 via BitGo. Other creditors will need to wait until March 4 for reimbursement. Additionally, creditors will earn 9% annual interest on lost assets since FTX's collapse in November 2022, reflecting the surge in crypto values. This marks a major step in resolving the exchange’s bankruptcy and restoring investor confidence.

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📣 SEC Launches Crypto Task Force, Shifts Away from Gensler’s Approach

Led by Hester Peirce, the SEC’s new crypto task force will work on defining which tokens are securities and creating a legal framework for compliant offerings. This marks a shift from Gary Gensler’s enforcement-driven stance, as the agency moves toward clearer regulations under a Republican majority.

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❕ XRP Ledger Temporarily Halts Block Production Amid Consensus Issue

The XRP Ledger stopped producing blocks for about an hour before spontaneously recovering, with Ripple CTO David Schwartz citing a possible network "drift" caused by validation issues. No assets or transactions were lost. The disruption follows previous technical challenges on XRPL, raising concerns about network stability. XRP dropped 8.3% on the day to $2.52.

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❕ Ondo Finance Brings U.S. Securities Onchain with New Tokenization Platform

Ondo Finance has launched Ondo Global Markets, enabling onchain access to U.S. stocks, bonds, and ETFs. The platform tokenizes assets 1:1, making them freely transferable outside the U.S., similar to stablecoins. With over $650M TVL, Ondo continues expanding real-world asset tokenization.

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❕ FDIC Releases 'Operation Chokepoint 2.0' Documents

The FDIC published 790 pages revealing its restrictive stance on banks serving crypto firms. Acting Chairman Travis Hill signaled a shift, stating the agency is reassessing its crypto policies amid Senate scrutiny.

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⏫ FTX Token (FTT) Rises as Creditor Payments Near, Trend Still Uncertain

FTT price has gained momentum following FTX’s plan to start creditor payments on February 18, particularly for Bahamas creditors. The RSI has climbed to 59.2, reflecting growing buying pressure, but ADX remains weak, indicating an unconfirmed uptrend. If FTT breaks resistance at $2.44, it could push toward $3, though failure to hold current levels may lead to further consolidation.

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❕ Kraken Might Know Who Satoshi Is

Coinbase director Conor Grogan claims Kraken might possess crucial information about Bitcoin's creator, Satoshi Nakamoto. His research suggests Nakamoto’s wallet interacted with CaVirtEx, a Canadian exchange acquired by Kraken in 2016. If true, Kraken could have access to historical KYC data linked to Nakamoto, who is estimated to hold 1.096 million BTC (~$108 billion). Kraken responded cryptically, stating, "We are all Satoshi," fueling further speculation.

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🔥 BNB Chain’s Test Memecoin Hits $52M After CZ’s Mention

A BNB Chain test memecoin (TST) surged to a $52 million market cap within minutes of a post by Binance founder CZ. The spike followed a tutorial video featuring TST, triggering speculative trading. CZ later clarified that TST is not an official BNB Chain token, and neither Binance nor its team holds any of it. The token has since retraced to around $15 million.

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❕ Tornado Cash Developer Alexey Pertsev to Be Released Ahead of Appeal

Alexey Pertsev, the Tornado Cash developer sentenced to 64 months for money laundering, will be released on Friday under electronic monitoring. A Dutch court suspended his detention, allowing him to prepare for his appeal. Pertsev stated he will "fight for justice" as he challenges his conviction.

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⏫ Bitget’s BGB Approaches $8.50 ATH Amid Rising Demand

Bitget’s native token, BGB, has surged, outperforming major crypto assets despite broader market declines. The token’s Balance of Power (BoP) and rising RSI indicate strong buying pressure, suggesting potential for further gains. Currently trading at $6.73, BGB must break the $7.80 resistance to reach its all-time high of $8.50. However, a loss of momentum could see it drop to support at $5.97.

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Tornado Cash co-founder Alexey Pertsev has been released from prison

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📣 Coinbase Expands Listings with Morpho, Pengu, and Popcat

Coinbase has added POPCAT, PENGU, and MORPHO to its listing roadmap, continuing its aggressive push into memecoins. Following the announcement, POPCAT surged 11%, PENGU jumped 17%, and MORPHO gained 14%, though most of these gains were quickly erased amid broader market volatility.

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❕ No Direct XRP-SWIFT Integration, But Ripple Tech Sees Growing Adoption

Recent speculation about SWIFT integrating XRP via EastNets has been clarified—while EastNets, a SWIFT Certified Service Bureau, utilizes Ripple’s messaging technology, XRP itself is not integrated into SWIFT’s network. Despite this, Ripple’s solutions are increasingly adopted by financial institutions, particularly in the UAE, indicating broader acceptance of its technology within SWIFT-connected systems.

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⚡️ Hawk Tuah Girl’s Memecoin Collapse Sparks More Controversy

Haliey Welch, known as the “Hawk Tuah girl,” returned to her podcast to explain the failed launch of her $HAWK memecoin, which skyrocketed to $500M market cap before crashing to $50M in 30 minutes. Her lawyer, Christian Barker, revealed pre-sale tokens were dumped early, despite promises of a lock-up, while 80% of the supply remains controlled by its developer. The leaked episode has sparked further accusations, with FaZe Banks claiming it was an attempt to pump the token.

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52,543 tokens were launched on Pumpfun yesterday, February 7th.

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JUST IN: Pumpfun to launch their own token.

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🔥TST Memecoin Surges 95,000% as Binance Confirms Listing

The BNB Chain's test memecoin TST has exploded to a $430M market cap after Binance announced its listing today, on February 9. The token has now gained 95,000%. Four.Meme approved bi-weekly burns, with the next set for February 21 to support price stability. Meanwhile, CZ denied any ties to TST, cautioning against unauthorized Binance branding.

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Cardano Struggles as Network Activity Declines

Cardano (ADA) is down 27% this month, hitting a multi-month low as active addresses drop to their lowest since November 2024. While long-term holders continue accumulating, ADA must hold $0.70 support to avoid further losses, with a potential rebound above $0.77 needed to restore confidence.

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📣 VC-Backed Tokens Under Fire as BERA Sparks Debate

Berachain's BERA token launch has reignited concerns over "VC coins" with heavy insider allocations. Critics argue that low circulating supply and high FDVs favor early investors, mirroring backlash against Aptos and Starknet. Meanwhile, Hyperliquid’s HYPE token, a non-VC-backed model, has surged 140%, showing a different path. While some VC-backed tokens fade post-launch, long-term success depends on real adoption, demand, and community trust.

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❕ Sam Altman Predicts AI Costs Will Drop 10x Annually

OpenAI CEO Sam Altman stated that AI costs are falling at an unprecedented rate, with prices decreasing tenfold each year. He compared this growth to Moore’s Law, calling AI’s progress “unbelievably stronger.” Altman highlighted that AI token prices have dropped 150x from early GPT-4 to GPT-4o, while investments in AI continue to accelerate at a "super-exponential" pace.

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