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Ethereum Foundation Member: Ethereum is moving towards confirming execution correctness through zkEVM proof verification

2 hours ago

February 10: Ethereum Foundation member ladislaus.eth noted the network is undergoing a key, largely under-the-radar architectural shift—moving from nodes re-executing every transaction in a block to verifying execution correctness via zkEVM proofs. Backed by EIP-8025 (Optional Proof of Execution), the proposal lets validators opt to validate multi-client zk proofs at the consensus layer instead of running a full execution layer (no upgrades or forks required). This mechanism is expected to slash node hardware and sync costs significantly, benefiting independent validators and home nodes. It also lays groundwork for future L1 execution scaling, ePBS (slated for the Glamsterdam upgrade), and native rollups. Ethereum’s L1-zkEVM roadmap targets 2026, with its first dedicated conference set for February 11.
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South Korean publicly traded company Parataxis Korea increased its holdings by 50 Bitcoins, bringing the total holding to 200 Bitcoins

On February 10, per BitcoinTreasuries.NET, South Korean publicly traded firm Parataxis Korea added 50 bitcoins to its holdings, pushing its total to 200 BTC.

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Citi Analyst: Powell May Take Gradual Approach to Fed Balance Sheet Reduction

Feb. 10 — A Citigroup strategist said Federal Reserve Chair nominee Kevin Warsh may take a gradual approach to shrinking the central bank’s $6.6 trillion balance sheet to avoid reigniting market turmoil. Citi strategists Alejandra Vazquez Plata and Jason Williams note the Fed under Warsh still has options to reduce its footprint. Rolling over longer-dated Treasury holdings into short-term debt — framed as the “path of least resistance” — would shorten the weighted average maturity of its holdings. The incoming chair may seek consensus among policymakers while prioritizing securing committee support for rate cuts. Additionally, the Fed could slow its ~$40 billion monthly Treasury purchases or halt them entirely. Other options include letting its mortgage-backed securities (MBS) holdings shrink naturally as they mature. Citi projects coupon-bearing bond issuance will rise starting in November 2026, with a risk of delay until February 2027. (FXStreet)

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Arthur Hayes Calls Out Kyle Once Again, Inviting Him to Pick the Ultimate Shitcoin

On February 10, BitMEX co-founder Arthur Hayes once again called out former Multicoin co-founder Kyle Samani on X, challenging him to a bet on the "ultimate shitcoin" prediction. Yesterday, Hayes hit back at Samani’s criticism of Hyperliquid by formalizing the bet: he claims HYPE’s price will outperform every shitcoin with a market cap over $1 billion in the coming months.

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Consolidation Phase After Dead Cat Bounce, Market Bottom Price Prediction Summary

**Crypto Market Brief: Bitcoin Correction & Bear Market Bottom Predictions** February 10: After a steady crypto market decline since January 15, Bitcoin plummeted from $97,000 to over $60,000. It later rebounded in a correction to ~$70,000 before trading sideways for several days. With broad consensus the market is in a bear phase, BlockBeats rounded up key bottom forecasts from analysts: - **@alicharts**: Bitcoin is approaching its 200-week moving average (~$58,000) — a level that has acted as a bear market bottom and accumulation zone multiple times over 12 years. Historical bottoms also typically align with the -1.0 MVRV price band, currently ~$52,040. - **Glassnode’s Chris Beamish**: Bitcoin has strong support above $60,000, where long-term holders have heavy concentration. Upward, high supply density near $80,000 forms key resistance, defining current supply dynamics. - **Peter Brandt (2018 crash predictor)**: If Bitcoin plunges to its historical “banana peel” suppo

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A newly created address deposited 12.88 million USDC into Hyperliquid, going long on ETH with 20x leverage

February 10th, per LookOnChain monitoring, the new address 0x6C85 deposited 12.88 million USDC into Hyperliquid to open a long ETH position with 20x leverage. As of now, the user holds an open long position of 16,270 ETH (valued at $33.38 million).

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「Crypto Trader CBB」 continues to build a long position on the Nasdaq 100, with a position size of over $2.06 million

February 10th — Per HyperInsight monitoring (https://t.me/HyperInsight), cryptocurrency trader CBB (X: @Cbb0fe) has opened a new long position in XYZ100: 81.89 contracts, valued at approximately $2.0654 million, with an average entry price of $25,209.56. The position’s current liquidation price is $22,049.20, while XYZ100 trades at $25,220.99 — leaving the long position slightly profitable. CBB is a veteran trader and on-chain participant with roughly 100,000 followers on X. He gained widespread attention for organizing a 2025 hunt targeting a multi-billion-dollar BTC short whale. Currently, he engages in high-frequency commodity trading on Hyperliquid, primarily holding short positions.

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