Coinbase is planning to acquire the stablecoin infrastructure BVNK for approximately $2 billion.

February 11: Per monitoring from HyperInsight (via its Telegram channel at https://t.me/HyperInsight), a so-called "ETH Super Bear" has consistently shorted Ethereum (ETH) since the price was $2940. The whale recently began reducing its position, with floating profits now expanding to $8.34 million. Its initial $88.9 million short position has gradually shrunk to $16.45 million through ongoing partial closures. Overall, the whale has accumulated over $80.9 million in profits from shorting ETH. It has been shorting ETH on the Hyperliquid platform since 2024, always using the maximum available leverage—previously 50x, now 25x.

February 11: EmberCN monitoring shows that as ETH briefly dropped to ~$1,950, the largest ETH long position on Hyperliquid has added 5,000 ETH to its holdings. The position, initially opened with 105,000 ETH at an average price of $2,029-$2,060, is now down $10.43 million, with a total value of $205 million.

On February 11, Arkham officially released statistical data showing that Trend Research—a subsidiary of EasyLink—incurred a final loss of $869 million after liquidating its Ethereum holdings last Sunday. Its Ethereum long position, once valued at $2.1 billion, has now been fully cleared from its on-chain account. BlockBeats Note: Previously, several on-chain analysts estimated the loss to fall between $688 million and $734 million.

On February 11, the Bank of England officially launched its "Synchronisation Lab" pilot project—a six-month, non-real-funds experiment to test synchronizing central bank digital currency (CBDC) with tokenized assets for atomic settlement, aimed at modernizing the UK’s Real-Time Gross Settlement (RTGS) infrastructure. The central bank has selected 18 participating institutions, including major firms and fintechs like Chainlink, Swift, and LSEG. Chainlink will test a decentralized solution to enable synchronous settlement of CBDC and securities on a distributed ledger. Other participants will focus on diverse use cases: tokenized government bonds, conditional payments, collateral optimization, foreign exchange settlement, and digital currency issuance.

On February 11, Binance founder CZ joined Chamath Palihapitiya on the *All-In* podcast to share his early career experiences—including stints at Blockchain.info (now Blockchain.com) and OKCoin—along with his deep insights into the Bitcoin industry and value-driven choices from its early days. When joining Blockchain.info, CZ noted the team had just three people then, with him serving as VP of Technology. The team later grew to 18, but a CFO-led management restructuring shifted the corporate culture, prompting CZ and several developers to leave voluntarily. Key takeaways from his time there: learning remote work, getting paid in Bitcoin, and driving user growth to ~2 million via "guerrilla" marketing (like a 150-page post on BitcoinTalk.org). After leaving Blockchain.info, He Yi recruited CZ to OKCoin. The initial offer was a 5% equity stake, but BTC China countered with 10%—prompting OKCoin to match the offer within three hours. CZ ultimately joined OKCoin in Beijing as CTO, taki

On February 11, per HTX market data, BNB briefly fell below $600, posting a 24-hour decline of 5.49%.