Superset has completed a $4 million seed round of financing, led by 7RIDGE and Exponential Science Capital.
On February 11, Superset—a unified liquidity execution layer for stablecoins, tokenized deposits, and on-chain forex—closed a $4 million seed funding round. The round was led by 7RIDGE and Exponential Science Capital.
The project is currently partnering with liquidity providers, market makers, stablecoin issuers, aggregators, and wallets to prep for a larger-scale product launch.
When asked about the core challenge Superset aims to tackle, the team noted that while the stablecoin market is large and fast-growing, it’s highly fragmented in structure. That’s exactly the problem Superset is built to solve.
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Tonight, ahead of the release of the US Non-Farm Payrolls and Unemployment Rate, the probability of a 25 basis point rate cut in March is 21.7%.
On February 11, CME Group’s FedWatch Tool shows that ahead of tonight’s release of U.S. nonfarm payrolls and unemployment rate data, the probability of a 25-basis-point rate cut by the Federal Reserve in March is 21.7%, while the likelihood of holding interest rates unchanged stands at 78.3%.
The U.S. Bureau of Labor Statistics will publish January’s seasonally adjusted nonfarm payrolls (expected: 7,000 new jobs) and January’s unemployment rate (expected: 4.40%) tonight at 21:30 Beijing Time (UTC+8).
Ahead of upcoming key U.S. employment and inflation readings, investors are growing cautious, sending Bitcoin and other cryptocurrencies lower. Analysts note the market is in a consolidation phase, awaiting clearer guidance on interest rate trends. Meanwhile, demand for downside protection in crypto-related stocks—such as Coinbase and MicroStrategy—is rising.
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Solana Ecosystem Meme Coin PIPPIN Continues to Surge, Market Cap Surpasses $450 Million, Up Over 20% in 24 Hours
As of Feb. 11, per GMGN’s monitoring, Solana ecosystem meme coin PIPPIN has trended upward consistently since Feb. 6. Its market cap has climbed from a low of roughly $160 million to $450 million, with a 20% gain over the past 24 hours.
BlockBeats notes that meme coin trading is highly volatile, relies heavily on market sentiment and hype cycles, and lacks tangible value or practical use cases. Investors are advised to exercise caution.
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Non-Farm Payrolls Preview: U.S. January Non-Farm Data to Show Modest Growth, But Job Market 'Hot on Paper, Lukewarm in Reality'
**February 11**
U.S. January nonfarm payroll growth may have edged up slightly, supported by fewer layoffs in seasonal industries. However, hiring was held back by ongoing import tariff uncertainty and stricter immigration enforcement limiting labor supply, keeping the overall labor market subdued.
Despite solid economic growth, the labor market remains soft. “Labor market pressure could be greater than the headline unemployment rate indicates,” said Diane Swonk, chief economist at KPMG. “Wages are cooling, it’s harder to find work after being unemployed, and recent graduates are facing tougher job searches too. Even with strong on-paper economic data, the labor market is still quite rigid in reality.”
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The crypto market dipped in the United States before the release of employment and inflation data, with Bitcoin falling to $67,000.
February 11 — Bitcoin and other cryptocurrencies are sliding as U.S. investors turn cautious ahead of key employment and inflation data releases.
Analysts note the market is currently in a consolidation phase, waiting for clearer signals on interest rate direction. Meanwhile, demand is growing for downside protection on crypto-related stocks like Coinbase and MicroStrategy.
Per HTX market data, Bitcoin has dropped 2.16% over the past 24 hours to $67,154, while Ethereum has fallen 2.7% to $1,952.
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Denmark's largest bank, Danske Bank, offers Bitcoin and Ethereum ETPs to investors, ending an eight-year cryptocurrency "ban."
On February 11, Denmark’s largest lender Danske Bank launched Bitcoin and Ethereum exchange-traded products (ETPs) for investors, putting an end to its eight-year cryptocurrency-related restriction.
Danske Bank attributed the policy shift to surging customer demand for crypto offerings. Previously, the bank had explicitly stated it would not provide any cryptocurrency services. Though it notes the crypto market has matured in recent years, the lender still stresses it does not recommend crypto as an asset class.
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