Polymarket Chief Legal Officer: Lawsuit Filed Against Massachusetts in Federal Court

As of February 10, Coinglass data shows the Coinbase Bitcoin Premium Index has stayed in negative territory for 26 straight days, currently at -0.0514%. Since the start of 2024, it has only posted a positive premium on 2 days. Note from BlockBeats: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a leading U.S. exchange) and the global market average. It’s a key gauge for tracking U.S. capital inflows, institutional investment interest, and shifts in market sentiment. A positive premium means Coinbase’s Bitcoin price is above the global average—typically signaling strong U.S. buying pressure, active entry by institutions or compliant funds, ample USD liquidity, and modestly bullish investor sentiment. A negative premium, by contrast, indicates Coinbase’s price is below the global average, often reflecting heavy U.S. selling pressure, reduced investor risk appetite, rising market risk aversion, or capital outflows.

On February 10, Bitcoin slipped below $69,000, down 2.2% in 24 hours, per HTX market data.

**F2Pool Founder: Wall Street’s ETH Understanding Lags Crypto’s 2014-2015 Era** Feb 10 — Jiang Zhuo’er, founder of mining pool F2Pool, said in a post that Wall Street’s current grasp of Ethereum (ETH) remains at the level of the crypto community’s 2014-2015 understanding. BTC’s “digital gold” narrative is accessible to external capital, he noted, while ETH’s “smart contract” value proposition is far more complex. The first ETH/BTC rate surge kicked off with the 2016-2017 ICO boom, when countless tokens launched. The second surge began in 2026-2027 amid the tokenization of traditional finance (USD, U.S. equities, U.S. Treasuries), with a flood of RMA tokens hitting the market.

**ASTER Whale (neoyokio.eth) Expands Position to $11M, 4x Leverage; Unrealized Profit ~$250k** As of February 10, per Coinbob Popular Address Monitor, the neoyokio.eth whale (0x152) has added to its ASTER position again over the past two days—after opening a 2x-leveraged ASTER spot position on January 28. The whale now holds a $11 million position with 4x leverage, an average entry price of $0.603, and ~$250,000 in unrealized profit (8% ROI), making it the largest ASTER long position on Hyperliquid. A linked sub-address (0xfb5...) previously held ~$2 million in ASTER longs but stopped out before the February 6 market dip and currently holds no related positions. This whale also has a track record of strategic trades: On September 24, it took a 1x-leveraged long position in XPL at an average $0.69, building a $20 million position that became the largest on-chain XPL long during the token’s sharp rally. It peaked with over $16 million in unrealized profit and was once flagged fo

On February 10, per BitcoinTreasuries.NET, South Korean publicly traded firm Parataxis Korea added 50 bitcoins to its holdings, pushing its total to 200 BTC.

Feb. 10 — A Citigroup strategist said Federal Reserve Chair nominee Kevin Warsh may take a gradual approach to shrinking the central bank’s $6.6 trillion balance sheet to avoid reigniting market turmoil. Citi strategists Alejandra Vazquez Plata and Jason Williams note the Fed under Warsh still has options to reduce its footprint. Rolling over longer-dated Treasury holdings into short-term debt — framed as the “path of least resistance” — would shorten the weighted average maturity of its holdings. The incoming chair may seek consensus among policymakers while prioritizing securing committee support for rate cuts. Additionally, the Fed could slow its ~$40 billion monthly Treasury purchases or halt them entirely. Other options include letting its mortgage-backed securities (MBS) holdings shrink naturally as they mature. Citi projects coupon-bearing bond issuance will rise starting in November 2026, with a risk of delay until February 2027. (FXStreet)