Market Chill Plus Overvaluation: MetaDAO Sees First ICO Flop Project

Feb. 9 — Data from LookIntoBitcoin shows a BlackRock ETF-related address has just deposited 2,268 BTC (~$155.94M) and 45,324 ETH (~$91.77M) into Coinbase Prime.

On February 9, per Onchain Lens monitoring, a newly created wallet deposited 5 million USDC into HyperLiquid and opened a 20x leveraged ETH short position.

On February 9th, Binance Wallet announced it will partner with Espresso to launch the exclusive ESP token pre-sale event “Pre-TGE Prime Sale” on February 10th. During the event, users may subscribe to Espresso’s ESP token via Binance Wallet. The sale follows an oversubscription model, with a maximum deposit of 3 BNB per user. Token allocations will be proportional to the total BNB deposited by all participants. To qualify, users must hold the required Binance Alpha Points during the subscription period. Allocations are calculated based on each user’s deposit amount relative to the total deposit pool. After the subscription period concludes, users must claim a key (representing their allocated ESP amount on BNB Smart Chain) through the Prime Sale event page in Binance Wallet. Any excess BNB will be automatically refunded. Actual ESP tokens will be airdropped directly to users’ Binance Alpha accounts on the Token Generation Event (TGE) day, after which users can begin trading th

Whale Alert: Circle minted 250M USDC on Solana at 19:20 Beijing time on February 9th.

Feb. 9 — Research and brokerage firm Bernstein’s analysts reaffirmed a long-term bullish view on Bitcoin, noting the current pullback is the weakest bear market the asset has ever seen — and doesn’t undermine its broad adoption prospects or investment logic. Led by analyst Gautam Chhugani, the team said in a client report Monday: “We’re in Bitcoin’s weakest bear market on record.” They noted recent price weakness stems from a confidence crisis, not underlying system flaws, and kept their $150,000 end-2026 target for Bitcoin. Bernstein emphasized past Bitcoin downturn catalysts haven’t materialized this time: no major bankruptcies, hidden leverage uncovered, or systemic collapse. Instead, analysts cited strong institutional coordination in the current cycle, including a Bitcoin-friendly U.S. president, spot Bitcoin ETF adoption, growing corporate treasury allocations, and ongoing participation from large asset managers. Addressing Bitcoin’s recent underperformance vs. gold amid