Starknet Launches BTC Staking and 100 Million STRK Incentive Program

On February 9th, Sky Protocol (formerly MakerDAO) officially announced that it repurchased 31 million SKY tokens last week, with the transaction valued at 1.9 million USDS. The protocol’s total repurchase volume has now exceeded 108 million USDS.

On February 9, the MegaETH team officially announced the launch of its mainnet and the release of its ecosystem frontend, The Rabbithole, via social media. Per the announcement, The Rabbithole helps users discover active and upcoming applications, bridges, and asset exchanges, while also sending ecosystem event notifications.

On February 9th, Varun Srinivasan—co-founder of Farcaster—announced via social media that he has joined the Tempo team and will focus on stablecoin research and development.

On February 9, Backpack founder Armani Ferrante took to social media to share: Backpack’s tokenomics revolves around a core principle: no insider dumping to retail. No founder, executive, employee, or venture capitalist should profit from tokens before the product hits “escape velocity.” For Backpack, “escape velocity” is defined as a U.S. initial public offering (IPO). The listing could happen soon, take time, or never materialize—but the team is pushing hard for it. Every time Backpack expands to a new region (EU, Japan, U.S.) or launches a new product (prediction markets, stock trading, card services), it’s a growth opportunity. Tokens act as fuel—just like the points system did in past seasons—to keep igniting new markets. For this to work, there’s a hard rule: the growth value from new token releases must always outweigh the dilution they cause. Here’s how it breaks down: Founders, executives, team members, and VCs won’t get direct token allocations. All “team allocati

According to Bitget market data on February 9, U.S. stocks opened lower: - Dow Jones Industrial Average: -0.14% - S&P 500: -0.24% - Nasdaq Composite: -0.34% Crypto-related stocks posted a broad decline, with key moves including: - Coinbase (COIN): -3.13% - Circle (CRCL): -1.31% - MicroStrategy (MSTR): -6.59% - Bullish (BLSH): +2.73% - Bitmine (BMNR): -3.47% - SharpLink Gaming (SBET): -2.7% - Bit Digital (BTBT): -2.2% - ETHZilla (ETHZ): -1.45% - ALT5 Sigma (ALTS): -4.12% - American Bitcoin (ABTC): -4.58% - Kindly MD (NAKA): +2.08% - Solana Co (HSDT): -6.62%

Glassnode reported on social media Wednesday (Feb. 9) that Bitcoin rebounded to $69,000 following a sharp downward correction. The broader market remains in a defensive posture—spot, derivatives, and on-chain metrics all signal caution, with the rebound’s sustainability hinging on a recovery in spot demand. Off-chain metrics are stabilizing, though market confidence remains muted. Spot and ETF metrics are bouncing back from recent lows, while futures and options positioning remains defensive—reflecting traders’ cautious stance and persistently soft risk appetite. On-chain metrics are mixed: underlying network activity has fundamentally strengthened, but fund flows and profit/loss (P&L) conditions continue to soften. This suggests that while network participation has improved, market demand remains lackluster and profit potential is constrained. At Bitcoin’s $70,000 price level, total market unrealized losses stood at roughly 16% of its market capitalization. Current market vol