「Serial Rug Puller」 Trader Liquidates ETH Bought at Peak, Loses $171,000

On February 16, Animoca Brands announced it has received a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Asset Regulatory Authority (DVARA). The authorization allows the company to operate in the Emirate of Dubai (excluding the Dubai International Financial Centre, DIFC) and offer virtual asset (VA) brokerage trading, VA management, and investment services to global institutional and accredited investors.

On February 16th, Upbit will list Bittensor (TAO) for trading on KRW, BTC, and USDT pairs.

As of February 16, data from GMGN (via [link]) shows Base Layer AI token VVV has surged more than 34.2% over the past 24 hours. Its market capitalization briefly topped $530 million to hit a recent high, before settling at $510 million currently. The 24-hour trading volume stands at $26.6 million. BlockBeats notes that meme coins typically lack practical use cases and are highly volatile—investors should exercise caution.

As of February 16, Bitcoin has traded within a narrow range, per data from Coinglass. Current funding rates across major centralized (CEX) and decentralized (DEX) exchanges signal an overall bearish market sentiment, with specific rates detailed in the attached image. **BlockBeats Note:** Funding rates are fees set by crypto exchanges to keep perpetual contract prices aligned with the underlying asset’s spot price. They function as a fund transfer between long and short traders—exchanges do not collect this fee, but use it to adjust traders’ holding costs or profits and anchor contract prices to the underlying asset. A 0.01% funding rate is the baseline: - Rates above 0.01% = bullish sentiment; - Rates below 0.005% = bearish sentiment.

February 16th — Per Onchain Lens monitoring, a newly created wallet address spent 2.75 million USDC to buy 21.11 million WLFI at an average price of $0.13. The address still holds 11.21 million USD1 and is expected to keep purchasing.

Token unlock data shows several major crypto tokens will undergo one-time large unlocks this week, including ZRO, ARB, KAITO, YZY, ZK, and APE. Here’s the breakdown: - ZRO: 44.99 million tokens (valued at approx. $44.99 million, 5.98% of its circulating supply) unlock on Feb 19 - YZY: 20.33 million tokens (valued at approx. $20.33 million, 17.24% of its circulating supply) unlock on Feb 17 - ARB: 10.62 million tokens (valued at approx. $11 million, 1.88% of its circulating supply) unlock on Feb 16 - KAITO: 10.16 million tokens (valued at approx. $10.16 million, 10.64% of its circulating supply) unlock on Feb 19 - ZK: 3.79 million tokens (valued at approx. $3.79 million, 3.06% of its circulating supply) unlock on Feb 16 - APE: 1.94 million tokens (valued at approx. $1.94 million, 1.51% of its circulating supply) unlock on Feb 17