169th Ethereum Consensus Layer Core Devs Meeting (ACDC) Summary

February 11 A-share cryptocurrency concept stocks saw unusual trading activity Tuesday afternoon, with Unisplendour Corp. hitting the daily up limit, followed by Tsinghua Unigroup, Hengbao Co., Winning Health Technology Group and Sifang Jingchuang. Separately, Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), said the Hong Kong Monetary Authority (HKMA) is actively reviewing stablecoin issuer license applications and expects the first batch to be issued next month. (FX678)

Per Coinglass data as of February 11: - If Bitcoin falls below $66,000, cumulative long liquidation intensity across major centralized exchanges (CEX) will hit $532 million. - Conversely, should Bitcoin rise above $69,000, cumulative short liquidation intensity on these platforms will reach $316 million. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts at risk of liquidation. The bars instead reflect the relative importance of each liquidation cluster compared to adjacent clusters (defined as "intensity"). This means the chart indicates how strongly the underlying asset’s price will react when hitting a specific level: a taller bar signals a more intense price response driven by a liquidity surge.

**February 11** The U.S. January nonfarm payrolls (NFP) report—originally scheduled for last Friday—has been delayed until this Wednesday due to a brief government shutdown of certain agencies. Weakness in prior “secondary” employment indicators has stoked market concerns about slowing job growth. Key data highlights: - January ADP private payrolls were lackluster; - Challenger, Gray & Christmas job cuts surged; - The four-week moving average of initial jobless claims rose; - December JOLTS job openings dropped to a nearly five-year low. Offsetting some pessimism: ISM Manufacturing and Services Employment Indices held relatively steady. Ahead of the NFP release, White House officials are guiding market expectations: - Senior Trade Advisor Peter Navarro said reasonable monthly job growth expectations should see a “significant downward adjustment.” Given current deportations of undocumented immigrants and a shrinking labor force, he noted ~50,000 monthly gains now co

On February 11th, per Farside Investors data, the U.S. Ether ETF recorded a net inflow of $13.8 million yesterday—marking its second straight day of net inflows.

February 11 – Farside Investors data indicates US spot Bitcoin ETFs recorded a net inflow of $166.5 million yesterday, marking the third straight day of net inflows.

February 11: LayerZero Unveils New L1 Architecture Zero LayerZero rolled out its new Layer 1 (L1) architecture, Zero, on February 11. The design uses zero-knowledge (ZK) proofs to decouple execution from validation, building a heterogeneous multi-core "world computer" that claims 100x scalability while preserving decentralization. The launch has sparked widespread discussion in the global crypto community. ### Industry Reactions - **Crypto influencer foobar** called Zero "the most important blockchain since Ethereum," hailing LayerZero as the first to hit 100x scalability while maintaining (or even boosting) decentralization and unifying multiple capabilities into one architecture. He also expressed optimism about its competitiveness in real-world asset (RWA) tokenization. - **Grant** described the solution as "mind-blowing," noting it’s one of the "coolest" things he’s encountered since entering crypto. He believes LayerZero could crack the top 10 protocols if fully implemen