Story Foundation Responds to Token Unlock Delay, Stating Project Still Needs Time to Build Use Cases
February 9th, SY Lee—co-founder of Story Protocol—addressed the delay of the project’s first large-scale IP token unlock to August 2026, noting the blockchain network still needs “more time” to build real-world use cases. The six-month extension will keep team and investor tokens locked to reduce short-term circulating supply pressure.
Lee stated near-zero current on-chain revenue fails to accurately reflect Story’s business situation. Its model doesn’t depend on gas fees; instead, it offers permissioned AI training data generated by humans off-chain. He noted the project is shifting from tokenizing media content to “non-scrapable” human contribution data and enterprise partnerships. This adjustment has cut short-term visible on-chain revenue but is designed to unlock long-term commitments and ease token supply pressure. (CoinDesk)
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Kyle's Hyperliquid Criticism Met with Mockery, Crypto Community Rallies Behind Latter
On Feb 9 (yesterday), former Multicoin co-founder Kyle Samani criticized Hyperliquid, claiming its closed-source code "facilitates crime and terrorism." Most crypto industry participants collectively pushed back against the remarks.
DBA co-founder Jon Charbonneau rebutted point-by-point: Hyperliquid’s founder was forced to leave his home region amid regulatory pressure; the "aiding crime and terrorism" claim was nothing more than hyperbole—any large financial system (including Solana and traditional banks) faces similar challenges; closed-source code is a product of current security and competitive dynamics, and many projects (including some backed by Multicoin) operate the same way.
Andy, Rollup founder and Good Idea VC investor, emphasized Hyperliquid is forcing the market to reexamine token design: Over the next 1-2 years, projects that don’t proactively share revenue with users via buybacks or direct payouts will face a dim future. The key lies in current industry projects’ r
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Solana Ecosystem Meme Coin PIPPIN Continues Surge, Up 54%, Market Cap Now at $290M
On February 9, per GMGN monitoring, Solana ecosystem meme coin PIPPIN has been climbing since early yesterday. Its market cap has jumped from roughly $180 million to $290 million, currently trading at ~$0.292—up 54% over the past 24 hours. Prior to that, the token saw a steady decline between Jan. 28 and Feb. 1, hitting a low of $0.15.
BlockBeats advises users that meme coin trading is extremely volatile—often fueled by market sentiment and speculative hype—and lacks real-world value or utility. Investors should exercise caution.
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Tether's Gold Reserves Surpass $23 Billion, Ranking Among Top 30 Holders Worldwide
On February 9, Wall Street investment bank Jefferies released a report noting that stablecoin issuer Tether has continued to expand its gold holdings.
As of January 31, Tether’s gold reserves had risen to approximately 148 metric tons—valued at roughly $23 billion at current prices. The stockpile surpasses that of many sovereign nations and ranks among the world’s top 30 gold holders.
The report details:
- Tether added ~26 tons of gold in Q4 2025.
- It purchased another ~6 tons in January 2026.
- Its quarterly gold purchase volume is second only to a handful of central banks (including Poland and Brazil).
Currently, Tether’s reserves exceed those of Australia, the UAE, Qatar, South Korea, and Greece.
Jefferies emphasized the gold primarily backs Tether’s U.S. dollar stablecoin USDT and its gold-backed token XAUT. Since Tether is privately held, its disclosures are minimal—meaning actual holdings may be higher than reported.
Tether CEO Paolo Ardoino previously state
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Insight: Bitcoin has been below its 100-week moving average for 13 consecutive days, with the historical average being 267 days
**Feb 9th Update**
Coin Bureau CEO Nic noted Bitcoin has closed below its 100-week moving average for the third straight week. The crypto is currently trading below its long-term trend line for 13 consecutive days.
Historical data shows BTC typically stays below the long-term trend line for an average of 267 days once it drops below it. The shortest such stretch was 34 days during the COVID-19 pandemic.
Per historical trends, the market is more likely to linger at low levels for an extended period. A quick rebound remains possible, but the longer Bitcoin stays low, the less probable that outcome becomes.
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