CryptoQuant CEO: The bottom of this cycle will be around $56,000

**Crypto Analytics Firm Bubblemaps Accuses X Longform Contest Winner of Meme Token Pump-and-Dumps** On February 11, Bubblemaps released an analysis claiming Beaverd — winner of X’s $1 million longform creation contest — used a public wallet to launch 10+ meme tokens, netting over $600,000 in profits. One token, SIAS, crashed to zero shortly after launch; its official account was later deactivated. Before collapsing, SIAS briefly hit a $6 million market cap, leaving users with heavy losses. Beaverd also launched 10+ other worthless meme tokens, per the report. Beaverd responded to Bubblemaps’ tweet: “Cry all you want, this isn’t even one of my top five masterpieces.” **Contest Win Context** On February 4, X named Beaverd (@beaverd) the grand prize winner. His winning article — *“Deloitte, a $740 Billion Cancer Spreading Across America”* — examines the government consulting giant’s role in federal and state IT systems. The piece racked up 44.71 million views, 29,000 likes,

February 11th — InvestingLive analyst Justin Low noted all eyes are on today’s U.S. non-farm payrolls (NFP) data, with market participants on edge for the release to guide their next moves. Traders are currently pricing in roughly 60 basis points of total Fed rate cuts this year, including a 25-bp reduction at the June meeting. Yesterday’s soft consumer data only reinforced those expectations. A stronger-than-expected NFP report today, paired with a stable unemployment rate, would signal the Fed could hold rates steady for longer. In a bullish outcome, that would sharply cut the odds of a first-half (H1) rate cut. Still, given mixed signals from yesterday’s U.S. consumer prints, it’s too soon to fully rule out additional rate cuts in June or July. — FXStreet

On February 11th, on-chain analyst Ember Ye reported that Coinbase has added Aztec (AZTEC) to its listing roadmap. The project team also tweeted yesterday to confirm the exact TGE (Token Generation Event) time: 3:00 PM Beijing time on February 12th. Back in December 2023, Aztec hosted a fully on-chain automated token auction, with 16,741 addresses participating. In total, 15% of its tokens were sold, raising 19,388 ETH (equivalent to $59.13 million). This gave the project a fully diluted valuation (FDV) of $490 million, with an average cost of $0.0473 per token. After the auction ended, 4,234.6 ETH ($12.91 million) was paired with 273 million AZTEC tokens in a Uniswap V4 liquidity pool. However, the pool remains inactive because tokens cannot be transferred before the TGE. Once the TGE goes live, this $26 million in liquidity will activate simultaneously, making AZTEC one of the top on-chain tokens with deep liquidity.

As of February 11, the probability that Bitcoin will drop to $55k this year on Polymarket has climbed to 78%. Additionally, the odds of it falling to $50k are 63%, while the chances of it rising to $80k stand at 72% and to $90k at 55%.

**SBF (via friend) claims Biden DOJ threatened witnesses; demands conviction reversal, Kaplan recusal** On February 11, Sam Bankman-Fried (SBF) posted a message (relayed by a friend with access to his account—he is currently in prison) asserting new evidence shows the U.S. Department of Justice (DOJ) under President Biden’s leadership threatened multiple witnesses to stay silent or alter their testimony. He argued his conviction should be overturned. SBF also called for Judge Lewis Kaplan to recuse himself from the motion, citing the judge’s tendency to prejudge and preordain guilt for the defendant (himself) and claiming Kaplan has intentionally made things difficult for his team, making a fair ruling impossible. The post tagged @realDonaldTrump. BlockBeats Note: SBF is currently incarcerated; the message was relayed by a friend with access to his account.

On February 11, per Bitget market data, pre-market trading for U.S.-listed crypto-related stocks saw a broad decline. Key moves include: - MicroStrategy (MSTR): Down 3.38% - Coinbase (COIN): Down 4.01% - Circle (CRCL): Down 1.99% - MARA Holdings (MARA): Down 3% - Riot Blockchain (RIOT): Down 2.63% - Bit Digital Inc. (BTBT): Down 3.26% - Sphere 3D Corp. (ANY): Down 1.95% ### Notes on U.S. language/format habits: 1. Used **"per"** (common in financial/quick news) instead of "according to" for conciseness. 2. Swapped "crypto concept stocks" for **"crypto-related stocks"** (more natural in U.S. market terminology). 3. Used clear bullet points (standard for quick stock updates) and separated stock names/code/drops for readability. 4. Kept original stock names/codes as provided (e.g., "MARA Holdings" instead of full "Marathon Digital Holdings" to match input). 5. Avoided redundant wording (cut unnecessary breaks, kept flow tight for a news brief).