BSC On-Chain Meme "BANANA" Surges 97% in 24 Hours, Reaching a Market Cap of $47 Million

As of February 10, alternative data shows the cryptocurrency Fear & Greed Index has dropped to 9—down from 14 yesterday. The weekly average stands at 17, indicating the market remains in the "extreme fear" zone. Note: The index ranges from 0 to 100 and includes these metrics: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), Google Trends (10%).

On February 10, Federal Reserve Governor Christopher Waller announced plans to launch a "limited-purpose account" by the end of this year. With broader crypto market regulation legislation stalled at the congressional level, the Fed will move forward with limited payment system access arrangements. Waller noted that a traditional Federal Reserve master account gives institutions direct access to the Fed’s payment system and the U.S. monetary system, while a "limited-purpose account" will come with significant restrictions—including no interest on balances and no access to discount window loans. The Fed previously sought public input on the plan, which exposed divisions between the crypto industry and community banks: the dispute centers on whether non-traditional financial institutions should be allowed to access certain functions of the U.S. payment system. Waller said the Fed still needs to "work through" relevant details but hopes to roll out the account this year if condition

On February 10th, EmberCN data shows Bitmine added 40,000 ETH (valued at ~$83.38 million) to its holdings 6 hours prior. This week’s single-day buying volume has already matched the total from last week’s entire 7-day period.

February 10 — The U.S. Department of Justice (DOJ) announced Wednesday that Daren Li, a dual citizen of China and Saint Kitts and Nevis, was sentenced in absentia to 20 years in prison plus three years of supervised release by the U.S. Central District Court of California on February 9. Li was convicted for his role in a global cryptocurrency investment scam that defrauded victims of more than $73 million. The 42-year-old pleaded guilty in November 2024 to participating in a transnational crypto scam and money laundering conspiracy based in a fraud hub in Cambodia. But he cut off his electronic monitoring ankle bracelet and fled in December 2025, and remains a fugitive. Prosecutors said the scam ring targeted victims via social media, phone calls, text messages and online dating platforms, building "professional or romantic relationships" to earn trust. The group used fake crypto trading platforms and phishing sites to trick people into investing in fraudulent projects. In some cases

**Market Update (February 10th, via Bitget)** U.S. stocks closed higher on Monday with preliminary moves as follows: - **Indices**: - Dow Jones Industrial Average (Dow): +0.04% (preliminary) - S&P 500 Index: +0.47% - Nasdaq Composite: +0.9% - **Key Tech Stocks**: - Nvidia (NVDA): +2.5% - Microsoft (MSFT): +3% - **Crypto-Related Equities**: - MicroStrategy (MSTR): +2.60% - Coinbase Global (COIN): +1.29% - Circle Internet Financial (CRCL): +5.35% - Super Group (SBET): +1.14% - Bitnile Holdings (BMNR): +4.69% This version aligns with U.S. financial news conventions: concise structure, ticker symbols for clarity, categorized sections (indices/tech/crypto), and conversational brevity typical of market updates.

Feb 10: As Bitcoin and U.S. stocks rebounded, Ethereum (ETH) prices climbed above $2,100. Previously, ETH had plunged 43% in 9 days to a low of $1,750, followed by a roughly 22% technical rebound. However, multiple data indicators signal market caution toward ETH’s short-term trend. In the derivatives market, the two-month ETH futures annualized premium is only ~3%—below the 5% neutral threshold—indicating weak trader risk appetite, with bears still in control. Even with the price bounce, derivative sentiment has not improved meaningfully over the past month. From on-chain and fundamental angles, ETH has underperformed the broader crypto market by ~9% year-to-date (YTD), raising questions about fund flows. Still, Ethereum maintains absolute leadership in Total Value Locked (TVL) and fee revenue: its mainnet accounts for 58% of industry TVL, and combined with Base, Arbitrum, and Optimism, that share exceeds 65%. Yet key issues persist. Slowed on-chain activity has ended Ethereu