Gate.io Launches INIT Perpetual Contract Pre-trading

As of February 16, per HTX market data, Bittensor (TAO) rallied 7% in the short term driven by its listing on Upbit. The token was last trading at $203, posting a 24-hour gain of 6.64% and a 23% gain over the past week.

February 16th: Per Whale Alert tracking, an Ethereum pre-mine address dormant for 10.6 years has just been activated. The address holds 1,430 ETH, currently valued at roughly $2.81 million—compared to just $443 back in 2015.

On February 16, Animoca Brands announced it has received a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Asset Regulatory Authority (DVARA). The authorization allows the company to operate in the Emirate of Dubai (excluding the Dubai International Financial Centre, DIFC) and offer virtual asset (VA) brokerage trading, VA management, and investment services to global institutional and accredited investors.

On February 16th, Upbit will list Bittensor (TAO) for trading on KRW, BTC, and USDT pairs.

As of February 16, data from GMGN (via [link]) shows Base Layer AI token VVV has surged more than 34.2% over the past 24 hours. Its market capitalization briefly topped $530 million to hit a recent high, before settling at $510 million currently. The 24-hour trading volume stands at $26.6 million. BlockBeats notes that meme coins typically lack practical use cases and are highly volatile—investors should exercise caution.

As of February 16, Bitcoin has traded within a narrow range, per data from Coinglass. Current funding rates across major centralized (CEX) and decentralized (DEX) exchanges signal an overall bearish market sentiment, with specific rates detailed in the attached image. **BlockBeats Note:** Funding rates are fees set by crypto exchanges to keep perpetual contract prices aligned with the underlying asset’s spot price. They function as a fund transfer between long and short traders—exchanges do not collect this fee, but use it to adjust traders’ holding costs or profits and anchor contract prices to the underlying asset. A 0.01% funding rate is the baseline: - Rates above 0.01% = bullish sentiment; - Rates below 0.005% = bearish sentiment.