Musk Responds to Base Ecology Meme Coin Russell's Tweet, Which Surged 3x Briefly Before Falling Back

**February 11** — The U.S. District Court for the Eastern District of New York on Tuesday sentenced former SafeMoon CEO Braden John Karony to 8 years in prison, per Coindesk. Karony was convicted last year on multiple federal charges tied to investor fraud in his digital asset business. The U.S. Department of Justice (DOJ) alleges he manipulated the SafeMoon (SFM) token’s price, illicitly controlled the company’s liquidity, and stole millions of dollars. Following a three-week trial, he was found guilty of conspiracy to commit securities fraud, wire fraud, and money laundering. Co-conspirator Thomas Smith pleaded guilty to conspiracy to commit securities fraud and wire fraud in February 2025 and is currently awaiting sentencing. Another alleged co-conspirator, Kyle Nagy, remains at large in connection with the SafeMoon fraud case. SafeMoon (SFM) launched in March 2021 amid the meme coin and DeFi craze of the prior bull market. Its tokenomics impose a 10% tax on all transaction

February 11 — Coinbase has added OPINION (OPN) to its listing roadmap, per official sources. The BNB Chain contract address for OPINION (OPN) is 0x7977BF3e7e0c954D12cdcA3E013ADAf57E0B06E0. Trading for OPN will launch only after market support and sufficient technical infrastructure are confirmed. A separate announcement will be issued once these conditions are met.

A smart trader “ANz5PL” made $4.2M on $TRUMP. After 8 months of inactivity, he spent 112 $SOL($9.7K) to buy 307,159 $WAR today.

On February 11, Inner City Press reported that the U.S. Attorney’s Office for the Southern District of New York has received a request from FTX founder Sam Bankman-Fried (SBF) to review files related to a cryptocurrency crime case.

On February 11, per CME’s FedWatch data, the probability the Federal Reserve will cut interest rates by 25 basis points in March is currently 21.6%, while the chance rates remain unchanged stands at 78.4%.

Feb. 11 — Federal Reserve official Harker noted that the Fed’s interest rate policy could stay on hold for quite some time. (Xinhua Finance)