Crypto World
This Trending Meme Coin Explodes by 100% Weekly: What Comes Next?
Is this the new crypto sensation or just another scam?
The cryptocurrency market experienced a severe pullback in the past few weeks, culminating in a sharp crash on February 6.
The meme coin sector was significantly affected by the red wave, and most leading tokens in that niche have posted substantial losses. However, the lesser-known pippin (PIPPIN) defied the carnage and its valuation soared by over 100% in the past week.
Swimming Against the Tide
PIPPIN is a Solana-based meme coin that began trading in late 2024. It is themed around an AI-generated unicorn character named “Pippin,” which has become the logo of the token.
The meme coin had its glory days toward the end of 2025, when its price reached an all-time high of almost $0.60, and its market capitalization surpassed $500 million. While January was also positive, the beginning of February offered a deep correction.
In the past week, though, the asset entered another major uptrend, which contrasts with the overall bearish environment in the crypto market. As of press time, PIPPIN is worth roughly $0.38, or a 114% increase on a weekly basis.
Analysts are curious if the bull run is sustainable since there isn’t an evident catalyst driving the move north. X user ALTS GEMS Alert claimed the price has initiated a “strong bounce” from the demand zone at around $0.26, predicting that if buyers remain active, PIPPIN could soar to $0.40 and even $0.60.
Satori chipped in, too. The analyst told their over 700,000 followers on X that they have added the coin to their watchlist, arguing it has potential for much more impressive gains ahead.
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A Ticking Time Bomb?
At the same time, some industry participants warned investors to stay away from PIPPIN, claiming its valuation is driven by pure speculation, and its utility is questionable.
X user Dippy.eth described the asset as “the largest scam of the past year,” arguing it has reached the first “take profit” zone. “0 technologies, 0 real metrics, 0 real users, 0 attention from real CT degens,” they added.
Crypto_Jobs is also pessimistic, envisioning a possible plunge to as low as $0.21. Some indicators, such as PIPPIN’s Relative Strength Index (RSI), support the bearish scenario. The technical analysis tool measures the speed and magnitude of recent price changes to help traders identify potential reversal points.
It ranges from 0 to 100, and readings above 70 suggest the valuation has risen too much in a brief period and could be due for imminent correction. Currently, the RSI stands at around 85.
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Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee—big moves are happening on the US coasts. From luxury mansions in Miami to shifts in billionaire residency, wealth is on the move, amid new patterns in finance, real estate, and crypto.
Crypto News of the Day: Florida Emerges as a Tax Haven for Tech and Crypto Wealth
California’s tech and crypto elites are increasingly eyeing Florida as a tax-friendly alternative. Grant Cardone’s recent X (Twitter) post advertising a 10,000 sq. ft., 7-bedroom Miami mansion for 700 BTC highlights the growing intersection of Bitcoin wealth and high-end real estate.
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The listing coincides with a surge in relocations by high-net-worth individuals from California. Meta CEO Mark Zuckerberg and his wife, Priscilla Chan, are the latest California billionaires moving to South Florida.
Reportedly, they are purchasing a newly completed waterfront mansion in Miami’s Indian Creek neighborhood. Based on reports, the gated community is home to other high-profile figures, including Jeff Bezos, Tom Brady, and Jared Kushner/Ivanka Trump.
The seller is reportedly a limited liability company tied to Jersey Mike’s Subs founder Peter Cancro. While the deal has not been publicly confirmed as closed, WSJ, citing neighbors, estimates that Zuckerberg plans to move in by April 2026.
California Tax Fallout
The relocations come amid a proposed California billionaire tax that has sparked concern among the state’s wealthiest residents.
According to Chamath Palihapitiya, a Canadian-American VC and SPAC pioneer, California’s total taxable wealth from billionaires has fallen from over $2 trillion to under $1 trillion following announcements of high-profile departures.
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Palihapitiya criticized the state’s handling of the proposed tax, arguing that the middle class will bear the fiscal burden left behind by relocating billionaires.
“These were all people who were paying 13%+ in state income tax every year with no complaints until a few weeks ago,” remarked Palihapitiya.
Against this backdrop, experts describe the billionaire tax initiative as having “backfired in the most spectacular fashion with ripple effects on local economies and corporate headquarters.
Brian Sullivan of CNBC noted that companies often follow CEOs, suggesting that Meta employees could also relocate to Florida, effectively benefiting from lower state income tax rates.
Local real estate agents report a significant uptick in demand for ultra-luxury properties. According to Danny Hertzberg, a Miami agent with Coldwell Banker Realty, interest in South Florida’s high-end market has intensified since the announcement of California’s billionaire tax.
“The 5% tax in California is really driving out people in a major way,” WSJ reported, citing Hertzberg.
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Crypto’s Role in Wealth Mobility
Beyond real estate, the situation mirrors broader trends in wealth mobility and in decentralized assets. Balaji Srinivasan, former CTO of Coinbase, has warned that California’s billionaire tax could disrupt venture capital incentives, potentially reducing Silicon Valley from “one to zero” over the next decade.
He frames crypto networks and internet-native protocols as politically resilient alternatives, able to operate globally and adapt to structural risk in ways traditional tech and finance cannot.
Srinivasan likens the current moment to an extinction event: while Silicon Valley’s centralized dominance may be fragile, decentralized networks like Bitcoin are structurally positioned to thrive in a shifting political and economic playing field.
“…the intended purpose of the California wealth seizure referendum is to rob or exile everyone in tech… The goal of the Democrats is to drive tech out of California, like they did the Republicans…cryptocurrency is built to resist wealth seizures, but Silicon Valley technology sure is not… As a natural-born US citizen, he [Zuckerberg] doesn’t have the same constraints that Thiel and Elon did,” Srinivasan explained.
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As Florida attracts both tech and crypto wealth, Grant Cardone’s 700 BTC mansion is emblematic of a wider trend. High-net-worth individuals are leveraging digital assets and favorable tax jurisdictions to preserve wealth, while California’s billionaire tax debate continues to reverberate across the US.
Chart of the Day
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
Bitcoin (BTC) is trading below $69,000 on Tuesday, confirming the view that price consolidation is the most likely course over the short term. The sell-off to $60,000 and the subsequent recovery to $72,000 resulted in many BTC price indicators falling into what analysts believe to be a deep value zone, but will buyers reach the same conclusion?
Key takeaways:
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Bitcoin’s realized price bands have aligned with a long-term accumulation zone that preceded new BTC highs.
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Power Law quantile models place BTC near the lower 15% of its long-term log-log price corridor, a zone that has consistently appeared after prior cycle peaks.
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Valuation and momentum metrics are clustering around the $40,000–$55,000 region, marking a statistically significant structural support area.
BTC realized price bands outline long-term DCA zones
Bitcoin’s realized price and shifted realized price have successfully identified long-term accumulation zones since 2015.
Realized price reflects the average cost basis of all BTC last moved onchain whereas the shifted realized price smoothens this metric forward in time, capturing deeper-value zones during stronger drawdowns.
Currently, Bitcoin’s realized price sits near $55,000, while the shifted realized price is around $42,000.
Multiple years of historical data show that rallies following the re-test of these zones delivered big gains, as shown in the chart above. While returns have diminished over time, the structure still implies upside potential of 170% to 220%, aligning with targets above $150,000 in the next bullish period.
Bitcoin has typically consolidated for six to eight months after testing the realized price bands before resuming an upward trend and hitting new highs.
Power law model signals relative undervaluation for BTC
Popularized by BTC researcher Giovanni Santostasi, the updated power law quantile model places BTC near the 14th percentile of its long-term log-log price corridor, suggesting temporary undervaluation following a cycle peak that fell short of the model’s projected $210,000 high in 2025.
Confluence between price trading near realized price bands and lower power law percentiles has preceded major recoveries.
The model’s fifth (0.05) percentile previously marked long-term cycle floors and now sits between $50,000 and $62,000, overlapping with the accumulation range defined by the realized price bands.
Related: Bitcoin holders sell 245K BTC in tight macro conditions: Did the market bottom?
Analysts say Bitcoin may sell off before the next big rally occurs
Bitcoin investor Jelle noted that BTC price is currently down roughly 31% from its first weekly RSI 37 break, a level that has preceded cycle bottoms since 2014.
The drawdowns ranged between 17% and 55%, with the recent cycles bottoming closer to 40–43%, implying potential downside toward $52,000 before a durable low forms.
Crypto analyst Sherlock highlighted a breakdown in the BTC/Gold (XAU) ratio below the 15–16 level, a signal that previously marked transitions into a bearish period.
Based on this framework, Sherlock warns BTC may still see a deeper retracement toward the $38,000 to $40,000 region if history repeats.
Related: Bitcoin price punishes traders as 24-hour crypto liquidations pass $250M
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Advertisements for the Super Bowl — the championship game of American football — are some of the most watched and most expensive.
The game on Sunday boasted some 127 million viewers, making it the most-viewed sporting match of the year in the US, as well as the most-watched Super Bowl of all time.
Advertisers pay a premium for the limited number of commercial spots. Some companies shelled out as much as $4 million for a 30-second slot. The high sticker price, as well as the massive audience, drives companies to make their advertisements unique.
But tech industry observers have noted one particular trend in Super Bowl ads: If there’s novel tech all over the ad space, a bubble will soon pop.
Super Bowl ads and bubbles, from dot-coms to crypto
In January 2000, the dot-com boom was in full swing due to the widespread adoption of the internet. At the Super Bowl that year, which became dubbed “the dot-com bowl,” 17 different ads were about the world wide web.
One from trading platform e-Trade featured a 20-second clip of a dancing chimpanzee, followed by a screen that read, “Well, we just wasted 2 million dollars. What are you doing with your money?”
Two months later, the dot-com bubble began a steep decline that lasted until October 2002.
The same happened with the “crypto bowl” in 2022. At Super Bowl LVI, four different crypto companies aired ads: Coinbase, Crypto.com, eToro and FTX.
The now-defunct FTX aired an ad with “Seinfeld” showrunner Larry David, encouraging investors not to “miss out” on crypto. Crypto companies spent an estimated $6.5 million each per 30-second slot that year.
Just months later, the crypto market unraveled. Terra’s stablecoin ecosystem imploded in May. FTX, Celsius, Voyager Digital and BlockFi were insolvent by the year’s end. Genesis followed in January 2023.
Related: Crypto figures address connections mentioned in latest Epstein file release
The following Super Bowl, only one crypto-related ad appeared: a non-fungible token promotion related to the video game Limit Break. There were none in 2024 and 2025.
Coinbase’s sole crypto ad at Super Bowl LX missed the mark
After a two-year hiatus, one major crypto company has returned to the Super Bowl. Coinbase ran an ad in the form of a karaoke sing-along to the Backstreet Boys, which was also screened on the Sphere in Las Vegas.
Not everyone was thrilled. For many, crypto’s image has not improved since the FTX days. Political streamer Jordan Uhl posted, “From crypto to AI to Trump accounts, every Super Bowl has its own scam ad theme.”
Northwestern University’s Kellogg School of Management publishes formal ratings of Super Bowl ads and puts them in two categories: touchdowns (successful/good advertisements) or fumbles (ineffective/poor advertisements).
The Kellogg survey found that Coinbase’s 2026 ad “failed to establish a clear connection to the brand or its value proposition.” It received an “F.”
But the crypto industry now has some serious legislative victories under its belt. Coinbase’s ad may be a signal that the industry will keep promoting its brands on the largest single night for advertising in the US.
Related: Crypto PACs secure massive war chests ahead of US midterms
Do Super Bowl ads signal an end to the AI bubble?
While Crypto.com didn’t make any crypto-related advertisements, it did announce its new AI platform, imaginatively named AI.com.
A total of 10 ads at this year’s Super Bowl were about AI. Anthropic boasted its ad-free AI model, Claude. Meta showed off its AI-enabled Oakley smart glasses, and Google’s commercial featured a mother and son furnishing their home with Nano Banana Pro, the company’s AI-enabled image generator.
Amazon debuted its new Alexa+ in an ad with actor Chris Hemsworth, in which he imagines that AI is out to get him, either by closing the garage door on his head or attempting to drown him in the pool.
Svedka Vodka’s 2026 ad revived its “fembot” character that was made primarily with AI. Source: YouTube
The rapid proliferation of AI tech has coincided with eye-watering company valuations and doubt about whether firms like OpenAI will turn a profit. Now, some observers are wondering if the “AI bowl” was a harbinger of an impending bubble burst.
Gary Smith, an economics professor at Pomona College, and Jeffrey Funk, an independent consultant with Carnegie Mellon, wrote on Sunday:
“In this AI bubble, the prices of AI-dependent stocks have become untethered from realistic projections of future profits. LLM-dependent companies such as OpenAI and Anthropic are losing enormous amounts of money yet are given valuations in the hundreds of billions of dollars as if they were real companies making real profits.”
Ads focus on onboarding new users to the technology. Smith and Funk said, “In the absence of profits, the tech bros increasingly emphasize an old metric that was popular during the dot-com bubble: the number of users, with a new flavor.”
Ahead of the Super Bowl, software developer and researcher Carl Brown said, “I don’t know exactly how many AI commercials are going to be in the game this weekend. I already know there will be a lot more than it seems like there ought to be.”
E-Trade may have “wasted” $2 million in 2000, but it was still around to gloat about surviving the dot-com bust the next year. FTX and other smaller crypto platforms went under in 2022, but Coinbase and the Backstreet Boys were playing on the Vegas Sphere this time around.
The AI bubble could burst, but if past patterns point to anything, a few companies will survive — and maybe make a commercial about it.
Magazine: Bitcoin’s ‘biggest bull catalyst’ would be Saylor’s liquidation: Santiment founder
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Verifying Satoshi Nakamoto: A matter of math, not media
From time to time, individuals claim to be Satoshi Nakamoto, Bitcoin’s pseudonymous creator. Such announcements generate headlines, spark heated debates and trigger instant skepticism. Yet after years of assertions, lawsuits, leaked files and media interviews, no claim has been backed by definitive proof.
The reason is simple. Proving someone is Satoshi is not a matter of storytelling, credentials or courtroom victories. It is a cryptographic problem governed by unforgiving rules.
Nakamoto built Bitcoin (BTC) to function as a peer-to-peer (P2P) cryptocurrency without requiring trust in people. It is widely assumed that Satoshi Nakamoto is an adopted name rather than a real one. As a result, anyone who claims to be Satoshi, or is presented as such, must prove that identity. That proof would likely involve identity documents, historical communication records and, most critically, control of a private key associated with one of Bitcoin’s earliest addresses.
Over the years, several individuals have been speculated to be Satoshi Nakamoto, but only a few have publicly claimed to be the creator of Bitcoin.
The most prominent claimant is Craig Steven Wright, who repeatedly asserted that he was Satoshi. That claim collapsed after a UK High Court ruling explicitly determined he was not Satoshi Nakamoto and sharply criticized the credibility of his evidence.
Dorian S. Nakamoto was identified by Newsweek in 2014 as Satoshi Nakamoto, but he immediately denied any connection to Bitcoin’s creator. Early Bitcoin pioneer Hal Finney also rejected speculation that he was Satoshi Nakamoto before his passing. Nick Szabo has likewise been speculated to be Satoshi over the years and has consistently denied the claim.
What constitutes genuine proof of ownership in Bitcoin
In cryptographic systems like Bitcoin, identity is bound to private key ownership. Demonstrating control requires signing a message with that key, a process that anyone can verify publicly.
This distinction is clear:
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Evidence can be debated, interpreted or challenged.
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Cryptographic verification is binary; it either checks out or it does not.
Bitcoin’s verification model does not rely on authority, credentials or expert consensus. It depends on mathematics, not people, institutions or opinion.
Did you know? Early Bitcoin forum posts and the white paper used British spellings like “colour” and “favour.” This sparked theories about Satoshi’s geographic background, though linguists caution that spelling alone can be easily imitated or deliberately altered.
The gold standard: Signing with early keys
The most conclusive proof of being Satoshi would be a public message signed using a private key from one of Bitcoin’s earliest blocks, particularly those associated with Satoshi’s known mining activity in 2009.
Such a signature would be:
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Verifiable by anyone using standard tools
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Impossible to forge without the actual private key
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Free from dependence on courts, media or trusted third parties.
The tools required for such proof are simple, accessible and decisive, yet no one has ever provided it.
Did you know? Satoshi gradually stepped away from public communication in 2010, just as Bitcoin started attracting developers and media attention. Their final known message suggested they had “moved on to other things,” fueling speculation about motive and timing.
Moving early coins: Even more powerful, but improbable
An even stronger demonstration would be transferring Bitcoin from an untouched Satoshi-era wallet. That single onchain action would dispel nearly all doubt.
Yet it carries massive downsides:
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Instant worldwide scrutiny
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Severe personal security threats
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Potential tax, legal and regulatory fallout
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Market disruption from anticipated dumps.
The most ironclad proof is also the most disruptive. It makes inaction a rational choice, even for the true creator.
Did you know? Blockchain researchers estimate that early mining patterns linked to Satoshi may represent roughly 1 million BTC, making those dormant wallets some of the most closely watched in crypto history.
Why documents, emails and code don’t settle the ownership
While emails, draft papers, forum posts and code contributions can support a claim, they do not constitute definitive evidence. Such materials can be forged, edited, selectively leaked or misinterpreted.
Code authorship does not prove key control. In Bitcoin, keys define identity, and everything else is secondary. Analysis of emails, draft papers and forum posts may offer intriguing correlations between an individual and Bitcoin, but it lacks certainty. The samples are limited, and styles can overlap or be mimicked.
In social settings or conventional legal disputes, identity can be supported by personal testimony or documentation. However, such evidence is irrelevant within Bitcoin’s decentralized model.
Human memory is fallible, and incentives can be misaligned. Bitcoin was designed specifically to avoid reliance on such factors. Cryptographic proof removes any human role from the verification process.
Why partial proof is not proof
Some claimants offer evidence behind closed doors. However, material shown only to select individuals, or signatures produced using later Bitcoin keys, does not meet the required standard.
To convince the world, proof must be:
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Public: Visible to anyone
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Reproducible: Independently verifiable
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Direct: Tied to Satoshi-era keys.
Anything less leaves room for doubt, which is unacceptable to the Bitcoin community.
For Bitcoin to function, its creator does not need to be known or visible. On the contrary, its decentralization narrative is strengthened by the creator’s absence. There is no founder to defer to, no authority to appeal to and no identity to attack or defend.
While most organizations or projects rely on founders or management teams, Bitcoin functions precisely because identity is irrelevant.
- Cardano (ADA) may rebound if it breaks resistance near $0.31–$0.35.
- Leios upgrade aims to boost Cardano’s speed, security, and decentralisation.
- CME futures launch adds regulated institutional exposure to ADA.
Cardano (ADA) has struggled to regain momentum over the past year.
Currently, ADA is trading at $0.2635, with a slight 0.7% increase in the last 24 hours.
The 24-hour range spans from $0.2611 to $0.2723, reflecting modest intraday volatility.
Over the last seven days, ADA has lost about 11%, and its one-year performance remains down 62.4%.
Despite the persistent bear market, Cardano’s trading volumes over 24 hours remain significantly high at $407.8 million, indicating that the token continues to see active trading.
Market catalysts and institutional support
Cardano’s broader market outlook is influenced by the upcoming layer-1 upgrade dubbed Ouroboros Leios.
The Ouroboros Leios upgrade, confirmed at a Tokyo community event on the Midnight Japan Tour by Input Output’s Michael Smolenski and Cardano founder Charles Hoskinson, is expected to improve scalability, security, and decentralisation.
Leios will introduce parallel block processing to increase transaction throughput dramatically.
If successful, this upgrade could address the blockchain trilemma and attract more developers and users to the network.
On the institutional front, the CME Group recently launched ADA futures, including standard and micro contracts.
Cardano, Chainlink and Stellar futures are now available to trade.
Expand your trading strategy with the capital efficiency and flexibility of these new contracts, available in both larger and micro sizes.
Start trading today. ➡️https://t.co/CMksnUfZpo pic.twitter.com/19thOQHGZk
— CME Group (@CMEGroup) February 9, 2026
These futures provide regulated exposure to Cardano for professional traders and investors.
The addition of micro contracts lowers the entry barrier and may boost liquidity in the short to medium term.
Historical price data also provides context.
ADA’s all-time high was $3.09 in September 2021, while its all-time low of $0.01925 in March 2020 demonstrates the token’s extreme volatility.
Despite its current decline, ADA has grown by over 1,200% from its lowest point, showing long-term resilience.
Cardano technical outlook
From a technical standpoint, ADA faces key resistance around $0.28 to $0.31, which could define the short-term trajectory.
The Relative Strength Index (RSI) is near 33, suggesting the token is approaching oversold conditions.
The Moving Average Convergence Divergence (MACD) indicator also shows bearish momentum, although the potential for reversal exists if buyers step in.
Bollinger Bands indicate that the price is near the lower range, hinting at some room for a bounce.
On the upside, a recovery above $0.31 could open the path toward $0.35, while a failure to hold support near $0.25–$0.26 may push ADA lower.
Analysts note that an inverse head-and-shoulders pattern may be forming, signalling a potential trend reversal.
They highlight that a breakout above $0.275–$0.28 could target $0.346, representing roughly a 30% upside from current levels if the selling pressure continues to ease and trading volume confirms the move.
Ultimately, ADA’s next move will depend on whether buyers gain confidence and push the token above resistance.
The Bank of England has launched a new industry experimentation initiative to explore how tokenized assets could be settled using synchronized, atomic settlement in British pounds sterling as part of efforts to modernize the UK’s real-time gross settlement (RTGS) infrastructure.
The Synchronisation Lab initiative will allow 18 selected companies to test delivery-versus-payment and payment-versus-payment settlement between the BoE’s next-generation RTGS core ledger, known as RT2, and external distributed-ledger platforms, in a non-live environment without using real money, according to a bank statement.
The six-month pilot, scheduled to start in spring 2026, is intended to validate the central bank’s design choices for synchronized settlement, assess interoperability between central bank money and tokenized assets, and inform the development of a potential future live RTGS synchronization capability.
Originally announced in October, the initiative brings together 18 participants, including market infrastructure providers, banks, fintechs and decentralized-technology companies to test use cases spanning tokenized securities settlement, collateral optimisation, foreign exchange and digital-money issuance.
Among the Web3 participants, Chainlink and UAC Labs will test decentralized approaches to coordinating synchronized settlement between central bank money and assets issued on distributed-ledger platforms. Companies such as Ctrl Alt and Monee will focus on delivery-versus-payment settlement for tokenized gilts and other securities.
Other participants, including Tokenovate and Atumly, will test conditional margin payment workflows and digital-money issuance and redemption flows designed to coordinate with RTGS settlement. The roster also includes Swift and LSEG.
The bank said the work of the lab initiative will be used to refine the design of its RTGS synchronization capability and support further development work, with participants expected to present their use cases and findings following the conclusion of the program.
Related: UK Lords launch stablecoin inquiry as Bank of England moves to finalize rules
Global central banks expand pilots
The Bank of England is just one of a roster of central banks exploring how tokenization, programmable settlement and digital currencies could reshape their core monetary and payment systems.
In May, the Federal Reserve Bank of New York and the Bank for International Settlements published research from Project Pine examining how smart contracts could support monetary policy in tokenized financial systems, including a prototype toolkit for faster and more flexible central bank actions on programmable ledgers.
In October, the Monetary Authority of Singapore announced BLOOM, an initiative aimed at expanding settlement infrastructure to support transactions in tokenized bank liabilities and regulated stablecoins.
Beyond tokenization pilots focused on settlement and market infrastructure, central banks have also been running experiments with central bank digital currencies (CBDCs).
In Australia, the central bank launched a wholesale digital currency trial in July using stablecoins, tokenized bank deposits and a pilot CBDC.
This was followed by the United Arab Emirates completing its first government payment with a digital dirham in November, and China-led mBridge reporting in January that it had processed $55 billion in cross-border CBDC transactions across multiple jurisdictions.
Magazine: Bitcoin’s ‘biggest bull catalyst’ would be Saylor’s liquidation: Santiment founder
A week ago, X’s million dollar Creators competition drew to a close, with user “beaverd” awarded the grand prize for their article entitled “Deloitte, a $74 billion cancer metastasized across America.”
“Congratulations, you’re a millionaire,” the announcement read, though it appears the winner was already over halfway there.
An investigation by crypto analytics company Bubblemaps claims that beaverd is a “serial rugger who made $600,000 from memecoin pump and dumps.”
Read more: Clawdbot creator Peter Steinberger: ‘Crypto folks, stop harassing me’
Bubblemaps describes how the crypto crowd was pleased to see a “web3 native with a Milady PFP” win the competition.
However, examination of addresses connected to beaverd’s public address, including one registered as adolfnigler.sol with Solana Naming Service, uncovered less than exemplary behaviour.
Bubblemaps states it found a connection to the deployer of Pump Fun token SIAS. The token “soared to $6 million mcap, dumped to 0 minutes later, deleted all its social media.”
Beaverd made $600,000 in the process by “sniping” the launch.
The thread claims Bubblemaps identified “dozens of memecoins,” with names such as PISS, 4am, RACISM, ExitStrat and EGG, all of which “went to zero.”
Apparently unbothered by the attention being given to their extra curricular activities, beaverd replied to Bubblemaps’ thread.
Rather than denying the allegations, they suggest that plenty of other, more lucrative, examples remain unidentified: “cry me a river, also these arent (sic.) even the top 5 greatest hits.”
Read more: Bubblemaps links MYX team to $170M airdrop farm
‘I’m a little bit racist’
X awarded $1 million to beaverd’s post for being the “Top Article by US Verified Home Timeline impressions.”
The announcement says the piece “examines the role of a major government consulting firm in federal and state IT systems, analyzing contract data, audits, and documented system failures.”
Its author, who admits to being “a little bit racist,” and isn’t sorry about it, is also behind SomaliScan which purports to be a government payments transparency dashboard.
Both on the site and on X, beaverd describes themself as “God’s most retarded soldier.”
Beaverd replied to the winning post, plugging the contract address for their Pump Fun memecoin somaliscan. The token is down 86% since its all-time-high (the day after the Creator prize was announced), according to CoinGecko data.
The irony of a seemingly unrepentant “serial rugger” being awarded $1 million for an article on government spending wastage isn’t lost on us here at Protos.
Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.
Chainlink price continued its downward trend on Tuesday, February 10, continuing a downward trajectory that started in August when it peaked at $27.8.
Summary
- Chainlink price has dropped in the last four consecutive weeks.
- The Bank of England selected it as a member of its Synchronization Labs.
- Technical analysis suggests that the LINK price will continue falling.
Chainlink (LINK) token was trading at $8.60, down by 70% from its highest point in 2025. It is hovering near its lowest level since Aug. 2024.
LINK token retreated even after the Bank of England selected Chainlink as part of the Synchronization Lab, where it will provide decentralization solutions. It joins other major entities like Swift, Quant (QNT), the London Stock Exchange, ClearToken, and Nuvante that will participate in the program.
The Synchronization Lab is a new project that will allow synchronization operators to demonstrate how they will interact with the upcoming RT2 synchronization capability. It will build on Project Meridian, which has demonstrated that the synchronization operator concept is technically feasible.
According to the statement, the Synchronization Lab will also demonstrate synchronization’s flexibility and supporting ecosystem readiness.
The Bank of England becomes the next major organization to select Chainlink as its oracle provider. Some of its top partners are companies like UBS, Euroclear, JPMorgan, DTCC, ANZ Bank, and Fidelity.
These partnerships have helped boost Chainlink’s revenue over time, which has helped it boost the Strategic LINK Reserves. Data shows that the network has accumulated 1.9 million tokens worth over $16.2 million.
Meanwhile, spot Chainlink ETFs have continued doing well this month and are beating other coins like Bitcoin and Ethereum. Spot BTC ETFs have accumulated over $5.58 million in assets this month, while Bitcoin funds have shed over $173 million. Ethereum funds have shed $108 million in outflows this month.
LINK price technical analysis
The weekly chart shows that the LINK price has slumped in the past few months, moving from a high of $27.46 in August to a low of $8.5.
It has dropped below the crucial support level at $10.24, the neckline of the giant head-and-shoulders pattern, which has been forming since October 2023.
It has moved below the 50-week and 100-week Exponential Moving Averages, while the Relative Strength Index has continued moving downwards. The two averages have formed a bearish crossover.
Therefore, the next key support level to watch will be at $5.541, its lowest level in June 2023. If this happens, the coin will fall by about 35% from the current level.
Bitcoin’s long-standing narrative as “digital gold” is being put to the test as its recent price action increasingly resembles that of a high-risk growth asset rather than a traditional safe haven, according to new research from Grayscale.
Report author Zach Pandl said on Tuesday that while Grayscale still views Bitcoin (BTC) as a long-term store of value due to its fixed supply and independence from central banking authorities, recent market behavior suggests otherwise.
“Bitcoin’s short-term price movements have not been tightly correlated with gold or other precious metals,” Pandl wrote, pointing to record rallies in bullion and silver prices.
Instead, the analysis found that Bitcoin has developed a strong correlation with software stocks, particularly since early 2024. That sector has recently come under intense selling pressure amid concerns that artificial intelligence could disrupt or render many software services obsolete.
The report suggests Bitcoin’s growing sensitivity to equities and growth assets reflects its deeper integration into traditional financial markets, driven in part by institutional participation, exchange-traded fund activity and shifting macroeconomic risk sentiment.
The shift comes as Bitcoin has experienced about a 50% drawdown from its October peak above $126,000. The decline unfolded in several waves, beginning with a historic October 2025 liquidation event, followed by renewed selling in late November and again in late January 2026. Grayscale also pointed to “motivated US sellers” in recent weeks, citing persistent price discounts on Coinbase.
Related: Crypto’s 2026 investment playbook: Bitcoin, stablecoin infrastructure, tokenized assets
Part of Bitcoin’s ongoing evolution
Bitcoin’s recent failure to live up to its safe-haven narrative should not be viewed as a setback but rather as part of the asset’s ongoing evolution, according to Grayscale.
Pandl said it would have been unrealistic to expect Bitcoin to displace gold as a monetary asset in such a short period.
“Gold has been used as money for thousands of years and served as the backbone of the international monetary system until the early 1970s,” Pandl wrote.
While Bitcoin’s failure to reach similar monetary status is “central to the investment thesis,” he said, it could evolve in that direction over time as the global economy becomes increasingly digitized through artificial intelligence, autonomous agents and tokenized financial markets.
In the near term, Bitcoin’s recovery may depend on fresh capital entering the market, either through renewed ETF inflows or a return of retail investors. Market maker Wintermute said retail participation has recently been concentrated in AI-related stocks and growth narratives, limiting near-term demand for crypto assets.
Related: Wall Street’s crypto debate is over as banks go all-in on BTC, stablecoins, tokenized cash
Hedera has remained under pressure after a sustained decline kept HBAR trapped within a month-long downtrend. Price has struggled to attract meaningful demand, leaving recovery attempts muted.
A breakout from this structure requires stronger investor support, which remains limited for now. This lack of conviction is giving derivatives traders time to position cautiously.
HBAR Traders Are Under Threat
Futures positioning shows a clear bearish skew. The liquidation map indicates that short contracts carry greater exposure than longs across key price levels. This imbalance reflects traders’ expectations that HBAR may continue to face downside pressure before any durable recovery takes shape.
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However, this setup creates a potential squeeze scenario. If HBAR escapes its downtrend and rallies toward the $0.1035 resistance, nearly $5 million in short positions could face liquidation. Such an event would force bearish traders to cover, potentially injecting sudden buying pressure and shifting short-term sentiment.
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On-chain momentum signals offer a mixed picture. The Chaikin Money Flow formed a bullish divergence against the price’s lower lows earlier this week. While price continued falling, CMF trended higher, suggesting selling pressure was easing rather than intensifying.
Despite this divergence, confirmation remains absent. CMF has yet to cross above the zero line, which would signal inflows dominating outflows. Capital continues leaving HBAR, albeit at a slower pace. Until this shift completes, the bullish signal remains tentative rather than decisive.
HBAR Price May Not See a Bounce Back Just Yet
HBAR is trading near $0.0903 at the time of writing. Price action at this level has not inspired confidence among investors. Weak participation continues to limit capital inflows, reinforcing bearish conviction among futures traders who see little reason to unwind positions prematurely.
The near-term outlook hinges on whether HBAR can break its downtrend. Continued consolidation above the $0.0901 support would reduce immediate downside risk. If inflows begin improving alongside price stability, HBAR could advance toward the $0.1030 resistance. Reaching this level would place short positions under pressure and potentially trigger liquidations.
Downside risk remains prominent if conditions deteriorate. A breakdown below the $0.0901 support would expose HBAR to further losses. Under that scenario, price could slide toward $0.0830. Continued weakness could extend declines to $0.0751, fully invalidating the bullish thesis and confirming continuation of the broader downtrend.
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