Skybridge Capital has been accumulating Bitcoin in tranches at $84,000, $63,000, and the current range
On Feb. 11, SkyBridge Capital founder Anthony Scaramucci told the Consensus Hong Kong conference that his firm continues to buy Bitcoin despite the recent market downturn, revealing it has been gradually building its position at around $84,000, $63,000, and the current lower range.
Bitcoin had previously fallen from above $126,000 in October to nearly $60,000 before rebounding to roughly $69,000. Scaramucci described buying Bitcoin during a downtrend as "catching a falling knife" but remains firmly bullish.
He also noted former President Trump is "more crypto-friendly than his predecessor," though added Trump’s controversial geopolitical moves (such as comments about Greenland) could deepen partisan divisions and thus impact digital asset legislation.
Additionally, Scaramucci stated that Solana—a programmable Layer 1 public blockchain—is poised to capture significant market share amid the competitive landscape for such networks.
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ZRO surges over 20% in the last 24 hours, reaching a market capitalization of $1.116 billion, previously receiving early investment from FTX.
As of Feb. 11, HTX market data shows ZRO’s 24-hour price surge has widened to 20.38%, currently trading at $2.259 with a market cap rising to $1.116 billion.
Tether Investments announced a strategic investment in LayerZero Labs yesterday. The interoperable infrastructure, paired with Tether’s Wallet Development Kit (WDK), delivers underlying channels for real-world use cases including digital asset payments, settlement, and custody.
Notably, LayerZero Labs also secured early-stage investment from FTX previously.
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Smart trader 5MhdpM, who made $4.5M on $TRUMP and $281K on $DJT, spent 100 $SOL($8,230) to buy 220,405 $WAR.
Another smart trader on $Trump bought $WAR. Trader 5MhdpM made $4.5M on $TRUMP and $281K on $DJT. Two hours ago, he spent 100 $SOL($8,230) to buy 220,405 $WAR.
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The White House Hosts Second CLARITY Act Event, 'Productive,' but Banking Industry Remains Stubborn on Stablecoin Yield Issue
On February 11, the White House hosted its second cryptocurrency summit, bringing together teams from the digital asset industry and traditional banking. The meeting aimed to bridge gaps between the two sides on multiple issues—with stablecoin yields likely the most critical.
Crypto journalist Eleanor Terrett noted this gathering was “smaller in scale, more efficient” than the prior meeting. The top agenda item she cited? Banning stablecoins from generating yields, a push banks say would harm their “public” lending business—though the reality tells a different story.
Ripple Chief Legal Officer Stuart Alderoty signaled a potential imminent agreement: “Today’s White House meeting was productive—there’s a growing spirit of compromise. Bipartisan momentum for smart crypto market structure legislation remains clear. We need to act now while the window is open to secure a real win for consumers and the U.S.”
Coinbase Chief Legal Officer Paul Grewal commented: “The crypto industry is
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Stablecoin Infrastructure Levl Completes $7 Million Seed Round Financing, Led by Galaxy Ventures
On February 11, stablecoin infrastructure startup Levl announced it has completed a $7 million seed funding round, per Fortune magazine.
The round was led by Galaxy Ventures, with participation from Protagonist, Deus X, Blockchain Builders Fund and other institutional investors.
Levl plans to double its team size and prioritize expansion into the Latin America and Africa markets. The firm provides stablecoin payment infrastructure for digital wallets and fintech companies, serving over 20 clients with an annualized transaction volume exceeding $1 billion.
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Stripe will support Base Chain USDC payments via x402 and will expand to other chains in the future
On February 11, Stripe Product Manager Jeff Weinstein announced via social media that the company will soon support USDC stablecoin payments via x402. Currently, only the Base chain is supported, with plans to expand to additional protocols, payment methods, currencies, and blockchains in the future.
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