Coinbase to List ZAMA Perpetual Futures Trading

On February 2nd, major cryptocurrencies like Bitcoin, Ethereum, and Solana staged a mild rebound following an earlier dip on Monday. Notably, Goldman Sachs highlighted that despite weak price performance, on-chain activity told a contrasting story—particularly for the Ethereum and Solana networks: - Ethereum’s daily average active addresses, new addresses, and transaction count rose 27.5%, 26.8%, and 36.0% month-over-month (MoM), respectively. - Solana’s daily average active addresses and transaction count increased 24.3% and 8.2% MoM, respectively. Ethereum hit a new all-time high in daily new addresses: an average of 427,000 new addresses were added daily in January, compared to 162,000 daily during the 2020 “DeFi Summer.” Its 7-day moving average of daily active addresses now stands at 1.2 million—another all-time high. Goldman Sachs also flagged that Ethereum’s current market value is now below its realized value (calculated as the total value based on the last on-chain

Bitcoin has climbed above $79,000 as of Feb. 2, per HTX market data. It’s currently trading at $79,111, with a 24-hour gain of 2.48%.

February 2nd — Citing monitoring from HyperInsight (Telegram handle: @HyperInsight), "Big Brother Whale" trader Huang Licheng has been ramping up leverage on his 25x ETH long position opened on Hyperliquid over the past 10 minutes. As of press time, the position size stands at 1,200 ETH (roughly $2.84 million), with unrealized profit currently at $33,000 — a 29.3% return.

On February 2nd, data from Onchain Lens indicates a newly created crypto wallet has just deposited 3.18 million USDC into HyperLiquid and opened a 20x leveraged long position on ETH. The whale is likely to continue accumulating or opening new positions moving forward.

February 2: Per monitoring from Hyperinsight (via https://t.me/HyperInsight), as Bitcoin staged a slight rebound, "Big Brother Whale" Li Chengpeng has once again opened a long position. He currently holds a 25x-leveraged long position on ETH, with a position size of 400 ETH—equivalent to roughly $930,000.

Per official sources, Coinbase will list Zama (ZAMA) for spot trading on Feb. 2. The ZAMA-USD trading pair is set to go live later today in supported regions if liquidity requirements are met.