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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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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Bitgetβs native token, BGB, has surged, outperforming major crypto assets despite broader market declines. The tokenβs 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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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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Recent speculation about SWIFT integrating XRP via EastNets has been clarifiedβwhile EastNets, a SWIFT Certified Service Bureau, utilizes Rippleβs messaging technology, XRP itself is not integrated into SWIFTβs network. Despite this, Rippleβs 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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Haliey Welch, known as the βHawk Tuah girl,β 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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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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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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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, Hyperliquidβs 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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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 Mooreβs Law, calling AIβs progress βunbelievably stronger.β 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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Michael Saylorβs Strategy acquires 7,633 BTC worth $742.4M, at an average price of $97,255.
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Binance has announced Solayer (LAYER) as the 8th project in its HODLer Airdrops program, rewarding BNB holders with token distributions. LAYER will be listed for trading today on February 11 at 14:00 UTC with BTC, USDT, USDC, BNB, FDUSD, and TRY pairs. The circulating supply at launch will be 210 million LAYER (21% of total supply). Additionally, 30 million LAYER (3%) has been allocated for airdrops, with another 20 million set aside for future marketing campaigns.
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NYSE Arca has filed for a Grayscale Cardano Trust, aiming to launch the first spot Cardano (ADA) ETF with BNY Mellon and Coinbase Custody. The move follows a surge in crypto ETF proposals as the SEC shifts toward a more crypto-friendly stance. Cardano currently holds a $25B+ market cap.
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Elon Musk's latest name change on X to "Harry BΕlz" sent the HARRYBOLZ token skyrocketing by 3,000%. This isn't the first time Musk's social media antics have influenced crypto marketsβhis previous name change to "KEKIUS Maximus" fueled a 500% rally in the KEKIUS token. While some speculate these moves hint at upcoming projects, others see them as classic Musk wordplay, igniting yet another memecoin frenzy.
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Tether has invested in Zengo, a multi-chain wallet, to boost USDT adoption and enhance secure self-custody. The move enables 1.5M+ users to transact Tetherβs stablecoins across Bitcoin, Ethereum, Toncoin, and more. CEO Paolo Ardoino highlighted Zengoβs ease of use while criticizing MetaMask. The partnership aims to strengthen Tetherβs ecosystem and drive mainstream stablecoin adoption.
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