Bitcoin Spot ETF Total Assets Fall Below $100 Billion, Cumulative Net Inflows of 68,918 BTC Since Listing
Feb 9: Total assets of U.S. Bitcoin spot ETFs have fallen below $100 billion, now at $99.16 billion—down ~40% from the October 2023 peak of $165.15 billion. Since their official launch in January 2024, cumulative inflows total 689,180 BTC, worth $55.01 billion.
In holdings: BlackRock’s IBIT leads with 765,200 BTC, followed by Fidelity’s FBTC (198,400 BTC) and Grayscale’s GBTC (159,600 BTC).
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Ilya: Continuing to Build for Ethereum and SharpLink, Maintaining Confidence and Persistent Effort
On February 9th, Daniel, founder of Liquid Capital (formerly LD Capital), posed for a photo with SharpLink’s Chief Information Officer and Chief Development Officer, and stated: “We’re continuing to build for Ethereum alongside SharpLink, remaining confident and committed to our ongoing efforts.”
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Analysis: Yesterday's BTC and ETH spot minute charts experienced abnormal price fluctuations, possibly due to a certain market maker bot being liquidated
On February 9th, Wintermute founder Evgeny Gaevoy—head of the crypto market maker—weighed in on the abnormal Bitcoin and ETH spot price swings on 1-minute charts during the early hours of February 8th.
He noted the anomaly was likely driven by a liquidation event involving a market maker’s trading bot, which could have resulted in tens of millions of dollars in losses. The price dip wasn’t due to malicious activity from the bot’s operator, and Wintermute itself was not involved, Gaevoy clarified.
Gaevoy also pushed back on rumors of “major institutional liquidations” circulating in the market, saying even if such events occurred, they wouldn’t have a meaningful long-term impact. Unlike past collapses (e.g., Three Arrows Capital, FTX)—where liquidation news spread rapidly and clear red flags emerged (like institutions seeking bailouts)—current rumors stem mostly from anonymous accounts and lack confirmation from credible sources.
This cycle’s leverage is primarily tied to perpe
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Kyle criticized Hyperliquid, sparking a heated debate, as FWDI faced backlash due to poor performance and was mocked in retaliation.
**February 9**
Kyle Samani—former Multicoin co-founder and board chair of Forward Industries (FORD)—criticized Hyperliquid in a post, sparking heated community debate.
His take: *“Hyperliquid epitomizes crypto’s worst traits in many ways. The founder fled his home country to build it; it openly enables crime and terrorism; it has closed-source code and is permissioned.”*
Yunt Capital analyst Steven pushed back: *“Yes, Hyperliquid embodies most of crypto’s downsides—including VC rejection, democratizing liquidity via HLP, growing its community with the largest token airdrop in history ($9B), and using all $960M in HL revenue to buy back tokens instead of pocketing any. Updated data on Hyperliquid’s Aid Fund buyback shows the fund holds 40M HYPE tokens, funded by long-term protocol revenue.”*
Hyperliquid community member Luke Cannon mocked Samani’s role as chair of Solana’s largest treasury firm Forward Industries (FWDI): *“FWDI has all the problems of a DAT company—its stock
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Base Protocol Token Surges as Part of the Ecosystem, with BNKR and CLWNCH Leading the Way
February 9th — Per data from GMGN (link: https://t.me/gmgnaibot?start=i_m4TE56o8), tokens in the Base ecosystem are leading today’s gains, including:
- AI agent token **BNKR** hit a recent high with a $102 million market cap, up 45% in 24 hours on $13.6 million in trading volume;
- Base ecosystem issuance platform token **CLANKER** climbed above $36, pushing its market cap over $36 million (16.2% 24-hour gain, $3.7 million volume);
- Meme coin **CLAWNCH** briefly rebounded to nearly $10 million in market cap, now retracing to $7.5 million (62% 24-hour gain, $3.3 million volume);
- Meme coin **KellyClaude** saw a modest rebound, peaking at $8 million market cap before settling at $7.5 million (7.2% 24-hour gain);
- Crypto wallet Rainbow’s token **RNBW** rose 31.2% in 24 hours, with a current $7.1 million market cap and $1.3 million in volume.
**BlockBeats Note**: Many meme coins lack actual use cases, face extreme price volatility, and investors should exercise caution.
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Bitcoin Rebounds to Hit $71,000, Up 2.25% in 24 Hours
Bitcoin rebounded to $71,000 on February 9th, per HTX market data, with a 24-hour gain of 2.25%.
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