CZ Responds to "Exchanges Should Stop Listing Shitcoins": Exchanges Should Provide Access to All Assets

On February 10, per LookOnChain data, the "BTC OG Insider Whale"—identified by agent Garrett Jin—has withdrawn 77.48 million USDT from Binance and repaid a loan on the Aave protocol.

Binance Wallet has launched an ETHGas (GWEI) trading competition on Binance Alpha, per an official announcement. During the campaign, participants who trade ETHGas (GWEI) via the non-custodial Binance Wallet or Binance Alpha will be eligible to share exclusive token rewards. Competition periods (UTC+8): - First batch: Feb 10, 2026, 9:00 PM – Feb 17, 2026, 9:00 PM - Second batch: Feb 17, 2026, 9:00 PM – Feb 24, 2026, 9:00 PM

**February 10 Update: Star (OKX) Pushes Back on CZ’s DEX-CEX Framing** On February 10, Star (associated with OKX) responded to Binance CEO Changpeng Zhao (CZ) on X, rejecting his earlier take on decentralized (DEX) vs. centralized (CEX) exchanges: “At first glance, [CZ’s statement] seems plausible, but it’s a flawed analogy. DEX and CEX serve fundamentally different roles: DEX offers open, permissionless access as a purely self-custodial tool—service providers aren’t intermediaries and don’t control user funds. Users interacting with DEXs should (and presumably do) understand they’re using a tool and bear full responsibility for their actions.” Star cited former U.S. SEC Chairman Paul Atkins: *“The right to self-custody private property is one of America’s foundational values, and this right should not disappear when logging onto the internet.”* By contrast, Star noted, CEXs hold custody of user funds (similar to banks) and thus must uphold explicit obligations: anti-money

On February 10, Coinglass data showed Bitcoin dropped below $69,000. Funding rate metrics reveal the market remains broadly bearish: BTC and ETH funding rates are negative across multiple exchanges, meaning shorts are paying longs to maintain their positions. Bearish sentiment toward major altcoins SOL and XRP is stronger than toward Bitcoin. BlockBeats Note: A funding rate is a fee set by crypto exchanges to align perpetual contract prices with the underlying asset’s spot price. It facilitates fund transfers between long and short traders—exchanges do not collect this fee. The mechanism adjusts the cost or profit of traders holding contracts to keep contract prices close to the underlying asset’s price. **Funding Rate Baselines**: - 0.01% = baseline rate - Above 0.01% = generally bullish market - Below 0.005% = generally bearish market

On February 10, per monitoring from HyperInsight, as Ethereum briefly dropped below $2,000, the entity known as "Pal" partially closed its ETH long positions. It currently holds 3,500 ETH in long positions, with an unrealized loss of $180,000 and a liquidation price of $1,991.01.

February 10th — Basechain AI project Bankr announced today that its token issuance platform is now live. Key updates from the announcement: - New tokens issued via Bankr will generate higher fees for delegates. - Third-party service fees have been scrapped, with that portion of revenue reinvested into the ecosystem. - Developers will earn roughly 14% more per transaction fee, plus additional revenue flowing to the BNKR ecosystem. - Total transaction fees remain 1.2%; existing tokens will not migrate to the new mechanism. - Bankr’s LLM key is launching soon: using just one line of code, delegates’ transaction fees will automatically cover API costs. Per GMGN monitoring (link: https://gmgn.ai/base/token/i_m4TE56o8_0x22af33fe49fd1fa80c7149773dde5890d3c76f3b), the Base ecosystem AI Agent token BNKR briefly topped $120 million in market cap (an all-time high). It currently holds a $108 million market cap with a 24-hour growth rate of 19.8%.