Bloomberg: Citigroup Teams Up with Coinbase to Explore Offering Stablecoin Payment Services to Customers

Xinhua News Agency, February 8 — U.S. Treasury Secretary Janet Yellen said Wednesday she does not anticipate the Federal Reserve will act quickly on the balance sheet matter. She noted that she believes Federal Reserve Chair Jerome Powell will maintain his independence.

Per LookOnChain monitoring, two new wallets—17oiCa and 0x929f—have withdrawn 3,500 BTC (valued at $249 million) and 30,000 ETH (valued at $63 million) from Binance as of 5 hours ago on February 8th.

Data from fees.pump.fun shows Pump.fun spent 15,052.99 SOL (roughly $1.318 million) yesterday to repurchase 632.9 million PUMP tokens. Since launching its PUMP buyback initiative on July 15th, the platform has repurchased approximately $282 million worth of PUMP, cutting the total circulating supply by 22.979%.

Feb. 8: Chaitanya Jain, the Bitcoin Strategy Manager at Strategy, posted on social media: “We will never stop buying Bitcoin.” Earlier, Michael Saylor—Strategy’s founder—again shared details about the Bitcoin Tracker, stating: “Orange dots are very important.” Based on historical patterns, Strategy typically discloses its Bitcoin purchase details the day after such announcements.

Feb. 8 data from Coinglass shows that if Bitcoin breaks above $73,000, the total short liquidation intensity across major centralized exchanges (CEXs) will hit $482 million. Conversely, if Bitcoin drops below $70,000, the total long liquidation intensity on these major CEXs will reach $270 million. Note from BlockBeats: Liquidation charts do not display the exact number or value of contracts being liquidated. Instead, the bars on these charts represent the relative importance of each liquidation cluster compared to neighboring clusters—i.e., "intensity." Thus, liquidation charts illustrate how significantly reaching a specific price level will impact the market. A taller "liquidation bar" means the price hitting that level will trigger a more intense reaction due to a liquidity cascade.

February 8 — Omnichannel trading platform Based today announced the launch of its native token, BASED, alongside its tokenomics details. The total supply of BASED is 1 billion tokens, with allocations broken down as follows: - 36% to the community - 23.64% for ecosystem and community rewards - 20.36% for investors - 20% for core contributors Community token distributions are further specified: - 23.5% (235 million tokens) will go to Based community members who joined Season 1/2 point activities, PUP holders, BasedPal NFT holders, and launch partners supporting the token generation event (TGE). Applications open in March 2026 with no lock-up period. - 7.5% (75 million tokens) is earmarked for the Ethena community. - 5.0% (50 million tokens) is reserved for Season 3 participants. （Note: Corrected a factual typo in the original—23.5% of 1 billion tokens equals 235 million, not 2.35 billion.）