CZ: Binance Users Hold the Highest Percentage of Stablecoins Compared to Other CEXs

On February 10, the People’s Bank of China (PBOC) published its 2025 fourth-quarter Monetary Policy Implementation Report for China. The report states the central bank will maintain a moderately loose monetary policy, prioritizing stable economic growth and a reasonable rebound in prices. Given domestic and global economic/financial conditions and market operations, it stresses the need to control the intensity, pace, and timing of policy rollout. It also underscores flexible, effective use of tools like reserve requirement ratio (RRR) cuts and interest rate reductions to keep liquidity reasonably ample and social financing conditions relatively loose. The objectives are to guide reasonable growth in financial aggregates, ensure balanced credit distribution, and align the growth of social financing and money supply with economic growth and the overall price level target. (Source: Golden Ten)

On February 10, DefiLlama data shows Hyperliquid remains the top-ranked platform by trading volume, while other leading perpetual DEXs have daily volumes below $4 billion. Over the past two days, Hyperliquid’s open interest has stayed under $5 billion—dropping to levels last seen in early May 2023, marking a nearly 9-month low. Below are key metrics for major Perp DEXs: - **Hyperliquid**: 24h trading volume ~$66.4B; TVL ~$41.9B; open interest ~$49.5B - **Aster**: 24h trading volume ~$37.2B; TVL ~$11.0B; open interest ~$18.6B - **EdgeX**: 24h trading volume ~$33.0B; TVL ~$1.81B; open interest ~$10.1B - **Lighter**: 24h trading volume ~$22.4B; TVL ~$9.22B; open interest ~$7.36B - **Grvt**: 24h trading volume ~$17.6B; TVL ~$90.99M; open interest ~$4.04B - **Pacifica**: 24h trading volume ~$9.16B; TVL ~$39.10M; open interest ~$50.01M Links (cleaned of non-English paths): [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD) | [Aster](https://www.asterdex.com/referral/

February 10 — Bank of America Global Research now forecasts the Bank of Japan will hike interest rates by 25 basis points in April, advancing its prior expectation from June. The firm also expects additional 25bps rate hikes: one in September 2026, followed by hikes in January and July 2027. (Xinhua)

On February 10, per LookOnChain data, the "BTC OG Insider Whale"—identified by agent Garrett Jin—has withdrawn 77.48 million USDT from Binance and repaid a loan on the Aave protocol.

Binance Wallet has launched an ETHGas (GWEI) trading competition on Binance Alpha, per an official announcement. During the campaign, participants who trade ETHGas (GWEI) via the non-custodial Binance Wallet or Binance Alpha will be eligible to share exclusive token rewards. Competition periods (UTC+8): - First batch: Feb 10, 2026, 9:00 PM – Feb 17, 2026, 9:00 PM - Second batch: Feb 17, 2026, 9:00 PM – Feb 24, 2026, 9:00 PM

**February 10 Update: Star (OKX) Pushes Back on CZ’s DEX-CEX Framing** On February 10, Star (associated with OKX) responded to Binance CEO Changpeng Zhao (CZ) on X, rejecting his earlier take on decentralized (DEX) vs. centralized (CEX) exchanges: “At first glance, [CZ’s statement] seems plausible, but it’s a flawed analogy. DEX and CEX serve fundamentally different roles: DEX offers open, permissionless access as a purely self-custodial tool—service providers aren’t intermediaries and don’t control user funds. Users interacting with DEXs should (and presumably do) understand they’re using a tool and bear full responsibility for their actions.” Star cited former U.S. SEC Chairman Paul Atkins: *“The right to self-custody private property is one of America’s foundational values, and this right should not disappear when logging onto the internet.”* By contrast, Star noted, CEXs hold custody of user funds (similar to banks) and thus must uphold explicit obligations: anti-money