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As of February 10, the Hyperliquid platform's 24-hour trading volume was $6.64 billion, leading other platforms. The trading volumes of the remaining platforms did not exceed $4 billion, and the overall open interest reached a nearly 9-month low, indicating a decline in market activity.

Global leading Web3 security company ExVul has established a strategic partnership with the financial public chain Pharos, setting up a $1.25 million security audit fund to support early-stage startup teams within the Pharos ecosystem. They will provide comprehensive security audits and consulting services, aiming to build a sustainable and secure infrastructure.

Ethereum will undergo its most groundbreaking architectural upgrade since the "Merge." Today marks the official launch of the first L1-zkEVM Workshop, where a brand-new block verification system based on zero-knowledge proofs is being showcased for the first time. This solution is expected to enable faster block confirmation, reduce resource consumption, and significantly lower operational barriers.
Ladislaus.eth, a researcher at the Ethereum Foundation, stated that this could be one of the most impactful upgrades in network history. The core of this roadmap is EIP-8025 "Optional Execution Proof," which allows some validators (zkAttesters) to confirm blocks through cryptographic proofs without re-executing each transaction. For existing nodes, this is an optional upgrade and will not be mandatory, but adopters will gain clear efficiency advantages.

On February 10th, Sam Bankman-Fried, who has been sentenced to 25 years in prison on multiple charges of fraud and conspiracy, spoke out again through his verified X account, claiming "FTX has never gone bankrupt," and accused the company's lawyers of submitting a "false bankruptcy petition." This statement starkly contrasts with the U.S. court rulings, regulatory documents, and financial audit results, and has quickly attracted attention within the crypto community.
According to judicial records, SBF was involved in embezzling over $8 billion of customer assets, leading the platform to become insolvent by the end of 2022. The massive losses of his affiliated trading firm Alameda Research were the direct cause of the collapse. Although subsequent asset recoveries and market rebounds have improved creditor expectations in some cases, prosecutors and judges both emphasized that this does not change the established facts of fraud.

February 10 News, as the spot gold price approaches $5,000 per ounce, the valuation gap between altcoins and gold has widened sharply. Crypto analyst Michaël van de Poppe pointed out that the current "altcoin-to-gold" ratio has fallen to its lowest historical level, with the weekly RSI dropping to 25, approaching the extreme levels seen during the 2020 pandemic black swan event. This indicator is seen as a "structural low-price" signal for non-mainstream crypto assets relative to precious metals.
Against the backdrop of a strong rally in gold, RWA tokens linked to physical gold have become some of the few contrarian assets. PAX Gold (PAXG) fluctuates around $5,035, with a daily trading volume exceeding $400 million; Tether Gold (XAUT) remains around $5,013, with a nearly 11% increase over the past month. However, from a global perspective, the market size of tokenized commodities is only about $800 million to $1 billion, still very limited compared to the trillions of dollars in the global spot gold market.

February 10 News, global payments giant Visa has officially launched an on-chain settlement system based on the Ethereum network, using USDC as the settlement medium. The service was quietly launched in December 2025, but its on-chain annualized transaction volume has already exceeded $3.5 billion, marking an acceleration of the traditional financial system's migration to blockchain infrastructure.
By transferring some cross-border and institutional payments on-chain, Visa provides corporate clients with 24/7 fund settlement capabilities, eliminating delays caused by banking hours and multiple intermediaries. The settlement cycle has been compressed from several days to just a few minutes, while also enhancing the traceability and transparency of fund flows. This change demonstrates that Ethereum is no longer just a smart contract platform but is evolving into a global settlement network.

Despite continuous positive signals such as ETF approvals and institutional adoption, since mid-last year, funds in the crypto market have been steadily flowing out, and Bitcoin's price performance has been more similar to high-growth software stocks in the US rather than traditional safe-haven assets. Grayscale's latest research indicates that the correlation between Bitcoin and the US software sector has significantly increased, showing that its trading logic is more aligned with growth assets.
Data shows that from the beginning of 2024 to now, Bitcoin and US software stocks have moved in highly synchronized patterns. During recent sell-offs, both have fluctuated almost in the same direction, indicating that this round of decline is more due to a broad de-risking of growth assets rather than issues specific to the crypto industry itself. Fund flows also confirm this: US investors led the recent sell-off, with related Bitcoin ETPs experiencing approximately $318 million in net outflows since early February, further suppressing prices.

The People's Bank of China released the Q4 2025 Monetary Policy Implementation Report, continuing to implement a moderately loose monetary policy, focusing on economic growth and price recovery, and flexibly using tools such as reserve requirement ratio cuts and interest rate reductions to ensure ample liquidity and balanced credit deployment.

Analysts at a Dutch wealth management firm point out that the rise in Japanese government bond yields is a result of normalizing deflation and low interest rates. The new fiscal plan could increase yield pressures, and market concerns about debt sustainability have led to rising government bond yields and a depreciation of the yen.

Hyperscale Data, a company under the New York Stock Exchange, announced that its Bitcoin treasury has increased to 589.4502 BTC, with a total market value of approximately $41.4 million. Its wholly-owned subsidiary Sentinum holds 548.5903 BTC and plans to increase the value of its Bitcoin assets to $100 million.

ChainCatcher News, MicroStrategy stated during a live interview on a Middle Eastern TV program that if the company sells a credit instrument equivalent to 1.4% of its capital assets, it can pay MSTR dividends and permanently increase the amount of BTC it holds.

BlockBeats News, February 10 — Bank of America Global Research states that the Bank of Japan is expected to raise interest rates by 25 basis points in April, earlier than the previously expected June; it is also expected that the Bank of Japan will raise interest rates by another 25 basis points in September 2026, followed by two more increases of 25 basis points each in January and July 2027. (Jin10)

Gate News bot message, a Bitcoin OG (10/11) withdrew 77.47 million USDT from centralized exchanges for loan repayment. Earlier, the same entity deposited 15,000 ETH (valued at $33.35 million) into CEX. Within the past 7 hours, a total of 35,000 ETH ($78.31 million) was sent to CEX, while $82.39 mill

PANews February 10 News, Defiance Capital investor Kyle stated on social media that the stock market performance over the past four months shows that non-U.S. markets are in a structural bull market, while the U.S. market has experienced intense volatility, along with currency depreciation and more than 20% two-way fluctuations in non-bull market conditions. Therefore, he has decided to adjust his portfolio to 75% in non-U.S. markets and 25% in the U.S. market.

ChainCatcher news reports that the USD/JPY (US dollar to Japanese yen) has fallen more than 0.5% intraday, with the current exchange rate at 155.06.

PANews February 10 News, FTX founder SBF's X account posted that FTX has never filed for bankruptcy, claiming that after lawyers took over the company, a false bankruptcy petition was filed just 4 hours later, with the intention of profiting from bankruptcy proceedings.

ChainCatcher news, according to Coinglass data, if BTC falls below $65,731, the total liquidation strength of long positions on major CEXs will reach $1.21 billion. Conversely, if BTC breaks above $72,520, the total liquidation strength of short positions on major CEXs will reach $1.082 billion.

ChainCatcher reports that, according to Coinglass data, if ETH breaks above $2,115, the total liquidation strength of long positions on major CEXs will reach $719 million. Conversely, if ETH drops below $1,917, the total liquidation strength of short positions on major CEXs will reach $499 million.

BlockBeats News, February 10 — According to HyperInsight monitoring, as Ethereum briefly dropped below $2000, "Maji" reduced some ETH long positions. Currently, they hold 3,500 ETH long positions with an unrealized loss of $180,000. The liquidation price is $1991.01.