BlackRock ETF address sent 3402 BTC and 1508 ETH to Coinbase
On February 13, per Onchain Lens monitoring, BlackRock’s ETF address transferred 3,402 BTC (valued at $227.5 million) and 1,508 ETH (valued at $29.52 million) to Coinbase, with potential for additional deposits.
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Bhutan Continues Bitcoin Sell-Off as Mining Plan Slows Down
On February 12th, the Bhutanese government transferred 100 Bitcoin (BTC) to QCP Capital—valued at roughly $6.77 million—per Arkham data released February 13th.
Over the past three weeks, Bhutan has sold Bitcoin on a weekly basis. The country offloaded at least $100 million worth of BTC in September 2024 and continues to gradually reduce its holdings.
Currently, Bhutan holds $372 million worth of Bitcoin across confirmed wallets.
Additionally, Bhutan’s planned Bitcoin mining operations—originally set to partner with Bitdeer Technologies for up to 600 megawatts (MW) of capacity—have seen slowed output since the April 2024 Bitcoin halving, per on-chain data.
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Coinbase has launched a CDP SQL API that supports x402 payments, enabling AI agents to autonomously access on-chain data
On February 13th, Coinbase’s Developer Platform (CDP) launched an SQL API supporting x402 payments—enabling AI agents to access Base’s indexed data (blocks, transactions, token transfers, decoded events) on demand, with no API key, account registration, or manual intervention required.
Each SQL query costs a flat $0.10, settled instantly on-chain via USDC. The x402 protocol streamlines the payment flow: an agent receives a 402 error response with the payment request, signs a USDC payment proof, and immediately gets the query results.
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Kalshi Partners with Brokerage Firm Game Point Capital to Expand into Institutional Sports Risk Hedging
February 13th — Kalshi, the prediction trading platform, has entered the institutional sports risk hedging space, partnering with brokerage Game Point Capital to help teams hedge performance bonus payouts, per Kalshi CEO Tarek Mansour.
Game Point Capital underwrites billions in sports insurance annually, with its core business focused on performance bonus insurance for teams and players. These policies ease financial pressure on sports clubs from large contract bonus payouts tied to milestones like playoff qualification or championship wins.
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DeFiance CEO: Crypto Venture Capital Model is Dead, Future Will Only Invest in Cash-Flow Businesses
On February 13th, DeFiance Capital CEO Arthur posted on Medium, highlighting a full transformation in the cryptocurrency market: shifting from a venture capital-backed, growth-focused valuation system to a cash flow-centric model—framing this as the most reliable path to deliver substantial returns for investors.
“VC-style crypto is dead; cash flow-style crypto is eternal,” Arthur wrote. “All future projects I invest in must be pure cash flow businesses—able to recoup all invested capital within 6 to 12 months and deliver a 3x to 5x return solely from cash flow. Projects relying solely on hyped growth narratives will no longer work.”
He added that investors who haven’t grasped this shift will only continue to drain capital endlessly.
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Alameda Research has transferred the ZRO swapped yesterday to the Wintermute address
**Alameda Transfers ZRO (Swapped for STG) to Wintermute; LayerZero’s Zero Chain Launch Plan Precedes Swap**
- Onchain Lens monitoring reveals Alameda Research transferred ZRO tokens (from a recent STG exchange) to the Wintermute address 12 hours ago.
- Two hours prior, Alameda’s liquidation address converted 129 million STG (12.9% of total STG supply) into 11.142 million ZRO, worth ~$24.29 million.
- The swap followed LayerZero’s announcement yesterday of plans to launch its L1 public chain, Zero.
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