Linera Launches Babbage Testnet

On February 1, GMGN monitoring data shows several meme coins on Binance Smart Chain (BSC) have surged against the broader market trend, hitting new all-time highs. - **BULLA**: Its market cap neared $400 million around 4 a.m. before reaching a new all-time high, then pulled back to $300 million. It currently trades at roughly $0.311, up 164% in 24 hours with a 24-hour trading volume of $98.8 million. - **“I Came on a Horse” (Chinese meme coin)**: Its market cap has surged past $50 million, trading at roughly $0.05. It’s up 68% in 24 hours with a 24-hour trading volume of $21 million. BlockBeats reminds users that meme coins often lack practical use cases, are highly volatile, and investors should exercise extreme caution when considering investments in such assets.

February 1 — Formula News founder Vida announced Thursday morning on her social media platform: “I bought $2 million worth of ETH at an average price of $2,281, with another $20 million in reserve to buy the dip. I plan to hold this ETH position through the start of the week, waiting for stabilization in the precious metals market — I believe crypto will rebound accordingly.”

**Update: Feb 1 – Base Protocol Officials** Base Protocol officials stated this morning that its mainnet experienced intermittent transaction packaging delays, resulting in significantly longer confirmation times for users than usual. Notably, blocks are still being produced continuously, and transaction processing has not been interrupted. The team has confirmed remedial measures have taken effect, with overall network stability now restored. A full post-incident root cause analysis (RCA) and public incident report will be released in the next few days. During periods of increased network congestion, transactions may still face delayed packaging or be dropped. The team is working on long-term fixes and will provide ongoing updates.

Feb. 1 — Market sources report a senior member of the United Arab Emirates (UAE) royal family has secretly acquired a 49% stake in Trump’s World Liberty Financial for $500 million.

On February 1st, AI Monitor reported that multiple ETH whales are panic-selling. - ETH swing trader nemorino.eth liquidated all its WETH holdings over the past 9 hours at an average price of $2514.85. The cost basis for these 7107.08 WETH was as high as $3045.24, resulting in a loss of over $3.769 million from this sell-off. - A whale that previously netted $14.26 million from WBTC (via low buys and high sells) has deposited 3500 ETH worth $8.42 million across multiple exchanges in the past 6 hours, with an average deposit price of $2406.

On February 1, according to data from EmberCN monitoring, Bitmine currently holds 4.243 million ETH (Ethereum) with an average cost basis of $3,849. As ETH dropped to approximately $2,400, the institution’s Ethereum position recorded a record-high floating loss of $5.92 billion, representing a loss of over one-third (-36%).