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Denmark's largest bank, Danske Bank, offers Bitcoin and Ethereum ETPs to investors, ending an eight-year cryptocurrency "ban."

2 hours ago

On February 11, Denmark’s largest lender Danske Bank launched Bitcoin and Ethereum exchange-traded products (ETPs) for investors, putting an end to its eight-year cryptocurrency-related restriction. Danske Bank attributed the policy shift to surging customer demand for crypto offerings. Previously, the bank had explicitly stated it would not provide any cryptocurrency services. Though it notes the crypto market has matured in recent years, the lender still stresses it does not recommend crypto as an asset class.
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"Whale with 105k ETH Long Position" has reduced their position by 3k ETH in the past 5 hours, resulting in a loss of $302k."

Feb 11: Per on-chain analyst Ai Yi’s (@ai_9684xtpa) monitoring, the whale with a cumulative 105,000 ETH long position cut 3,000 ETH from its holdings in the past 5 hours, incurring a $302,000 loss. Currently, the two addresses’ combined ETH long positions have fallen to 102,000 ETH—total value $202 million—with an unrealized loss of $6.23 million.

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Paxos Teams Up with Aleo to Launch Privacy-First Stablecoin USAD

On February 11, crypto outlet The Block reported that Paxos Labs has partnered with Aleo—a privacy-centric Layer 1 blockchain—to launch USAD, a native privacy-preserving stablecoin built on Aleo’s zero-knowledge (ZK) technology. The move aligns with growing institutional interest in privacy solutions, as businesses seek to leverage blockchain assets without exposing transaction details. Notably, Circle previously tapped Aleo to pilot USDCx, its privacy-enhanced iteration of stablecoin USDC.

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UNI Short-Term Breaks $4.5, Surges Over 24% in 24 Hours

On February 11, per HTX market data, UNI briefly broke above $4.5 and is currently trading at $4.18, gaining more than 24% over the past 24 hours. Earlier reports indicate Uniswap Labs has partnered with Securitize to provide liquidity support for BUIDL, a project by Belldex. Following Belldex’s announcement that it will deploy BUIDL on decentralized finance (DeFi) platform Uniswap, the firm stated it intends to purchase Uniswap’s UNI token but did not publicly disclose the exact purchase amount.

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A user paid a $125,700 Gas Fee for a single transaction

Per LookOnChain’s monitoring, a user shelled out 64.09 ETH (≈$12,570) in Gas fees for a single transaction on February 11.

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BlackRock discloses intent to purchase Uniswap's UNI token, specific amount undisclosed at this time

On February 11, asset management giant BlackRock announced that following the deployment of BUIDL on decentralized finance (DeFi) platform Uniswap, it plans to acquire Uniswap’s UNI token—though the specific purchase amount was not disclosed. Analysts noted the early-stage impact of Uniswap integrating BUIDL may be limited, as the protocol involves Securitize creating a whitelist for institutions to participate in DeFi trading. BlackRock will also add market makers (including long-time crypto liquidity provider Wintermute) to the whitelist to facilitate trading. Additionally, access to BUIDL is restricted to eligible purchasers: individuals or entities with $5 million or more in assets.

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Bitcoin Bounces Above $68,000

On February 11, per HTX market data, Bitcoin rebounded to break above $68,000, posting a 1.5% 24-hour decline.

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