Linera Launches Babbage Testnet

On February 2, Onchain Lens monitoring reports a new address withdrew 252 BTC from Binance, with the assets valued at roughly $19.35 million.

On February 2nd, data from Coinbob Popular Address Monitoring (via https://t.me/Coinbob_track_CN) shows the "ZEC Largest Short" address has been taking large profits on its ETH short position between February 1st and 2nd, reducing holdings by over $40 million. Its ETH short position has dropped sharply from roughly $57 million to $9.5 million—an 80% reduction. The position’s current unrealized profit stands at ~$4.2 million (662% return), with an average entry price of $3,235. This week alone, the address has accumulated $15.5 million in total profits; it was previously one of the largest on-chain ETH short positions. Notably, the address is known for building a massive ZEC short: it began shorting ZEC at $184, once facing a $21 million unrealized loss before turning profitable. It still holds shorts in ETH, ZEC, and other assets, and the recent consecutive profit-taking appears to be active gain realization.

On-chain data from February 2nd shows an address tied to Bhutan’s sovereign wealth fund Druk Holdings sold an additional 26,535 ETH in the past 24 hours. As of press time, this address has an Aave Health Factor of 1.17, holds 51,710.6793 stETH, and still has $79.75 million in outstanding USDT loans.

On February 2, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that Binance’s SAFU Fund address has begun testing USDT receipts, having received a total of 64.811 USDT from a hot wallet.

Last Friday, February 2nd, former President Trump nominated Kevin Wash as the next Chair of the Federal Reserve. Traders have since priced in two interest rate cuts from the Fed this year. Wall Street analysts shared varied takes on U.S. monetary policy under Wash’s tenure, summarized by BlockBeats below: **BlueBay Asset Management CIO Mark Dowding** The market broadly expects Wash to lean dovish, arguing AI-driven productivity gains will keep inflation in check. Futures markets still anticipate two Fed rate cuts this year. Compared to other potential candidates, Wash may be viewed as *less* dovish. **Sparta Capital Securities Chief Market Strategist Peter Cardillo** Wash has long been seen as hawkish, but recently he appears to align with Trump’s stance. Speculation suggests he won’t be swayed by the White House—he’ll remain cautious while striking a balance. **GlassRatner Advisory & Capital Group Managing Director Seth R Freeman** A top priority for Wash as Fed chair will

On February 2nd, Hyperinsight monitoring data shows the "20 Million Bandit" address (0x880a...) executed a profit-taking move on its BTC short positions, closing out 29.24 BTC worth roughly $3.02 million. Following this reduction, the total value of its BTC short positions dropped to $18.794 million. The average entry price dipped slightly from $81,539.30 to $81,254.10. The position currently holds a floating profit of around $1.44 million, a return rate of 84.34%, and a liquidation price of $117,063.41. This address has long engaged in high-frequency multi-currency arbitrage trading, with an average holding period of roughly 20 hours. Since last October, starting with an initial capital of approximately $20 million, it has amassed nearly $100 million in profits.