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Vitalik proposes integrating a prediction market and a DAO into the creator token ecosystem, weakening the celebrity effect and strengthening intrinsic value

2 hours ago

On February 4th, Ethereum co-founder Vitalik Buterin said the current Creator Coin ecosystem overrewards fame and traffic—and could be improved by combining prediction markets with Creator DAOs. He proposed setting up small Creator DAOs (max 200 members) focused on specific niches, where members vote anonymously to approve new creators, reject applicants, and remove existing ones. Additionally, he suggested adding prediction markets where participants can bet on which creators will get accepted by the DAO. Vitalik argues this setup would turn speculation into “predictions about top-tier creators,” avoiding Creator Coin’s cycle of pure speculative trading. Using DAO revenue to buy back and burn tokens of accepted creators would boost the tokens’ value backing. He emphasized ultimate decision-making should lie with creators making actual high-quality content—not speculators. The idea has sparked industry debate: some question the Creator Coin model outright, while others say the two-layer structure keeps decentralization while adding a needed content curation layer to tie token value to real contributions and long-term revenue.
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Tether Mints 1 Billion USDT on Tron Network

On Feb. 5, Lookonchain data shows Tether has just minted an additional 1 billion USDT on the Tron network. Over the past three days, Tether and Circle have collectively issued stablecoins totaling $3 billion. ### Notes on American English adjustments: 1. **Date format**: "Feb. 5" (common abbreviation vs. full "February 5th") 2. **Terminology**: "minted" (more natural for crypto stablecoin issuance than "issued" in U.S. crypto discourse) 3. **Clarity**: "Lookonchain data" (preferred over "according to lookonchain monitoring" for brevity) 4. **Numerals & currency**: "$3 billion" (uses dollar sign instead of "US dollars"; "three days" instead of "3 days" for formal brevity in news) 5. **Flow**: Smooth, headline-friendly structure typical of U.S. crypto news alerts.

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After facing liquidation 262 times, the "buddy" recharged and went long on ETH and HYPE, with ETH's liquidation price at $1,933.21.

February 5th — Per Lookonchain monitoring, the "Big Brother Whale" address tied to Huang Lizheng hasn’t thrown in the towel despite 262 liquidations. The whale just deposited an extra 249,950 USDC and continues leveraging ETH and HYPE. Current Positions: - 1,000 ETH (~$2.13M) | Liquidation Price: $1,933.21 - 26,000 HYPE (~$904K) | Liquidation Price: $26.93

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A Whale Whacked by a $24.27M Loss After Selling 9,485 ETH at Peak

Per Lookonchain monitoring on February 5th, a whale address (0x66cF) bought 9,485 ETH 5 months ago at the $4,721 peak, spending $44.78 million. One hour before the update, the same address sold all 9,485 ETH at $2,162 each, with a transaction volume of ~$20.5 million—realizing a $24.27 million loss (-54%).

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Bitmine Ethereum Holdings Unrealized Loss Widens to $7.357 Billion, Hitting an All-Time High

On-chain data as of February 5 shows Bitmine holds 4.243 million Ethereum (ETH) tokens, with an average acquisition cost of roughly $3,849. Amid the recent sustained downturn in the cryptocurrency market, ETH has dropped to $2,115, pushing the firm’s ETH holdings to a record-high unrealized loss of $7.357 billion.

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AI Concerns Impact Tech Stocks, Crypto Market, and Mining Companies Collectively Under Pressure

**February 5th Crypto & Market Update** Bitcoin slipped below $74,000 during U.S. stock market morning trading, as the prior day’s rebound from lows quickly fizzled. Tech stocks sold off again, dragging down crypto market sentiment. The Nasdaq 100 extended its weakness, with the software sector tumbling sharply—amplifying worries about the AI industry’s outlook. Crypto mining stocks tied to the AI infrastructure theme dropped in tandem: Cipher Mining, IREN, and Hut 8 all fell more than 10%. Earlier, AMD plunged 14% on weaker-than-expected 2026 performance guidance. On the macro front, U.S. economic data showed divergence: the services sector remained in expansion, but job growth slowed sharply. Some analysts argue the market may be underestimating the Federal Reserve’s potential easing moves in 2026.

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Bitcoin Holdings Strategy's Unrealized Loss Widens to $1.464 Billion

**February 5th** Bitcoin is hovering near $74,000 as the crypto market continues to slide. Unrealized losses at Strategy—the world’s largest Bitcoin reserve firm—have widened to $1.464 billion. Strategy holds 713,502 BTC, with an average purchase price of $76,052 and a total cost basis of approximately $54.26 billion.

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