Crypto Data and Research Reports

ChainCatcher message: According to Whale Alert monitoring, the USDC Treasury has minted an additional 250 million USDC on the Solana chain.

Polygon joins EEA to work on institutional payment rails, global settlement, and compliant movement from onchain to traditional rails. Open Money Stack ties stablecoin rails to Coinme on/off ramps and Sequence wallet tools for merchant and user access. Polygon has joined the Enterprise

Messari's BNB Chain Q4 2025 report shows that the BNB market capitalization at the end of the year reached $118.9 billion, a 17.8% increase year-over-year. The average daily trading volume grew by 30.4%, with RWA becoming the growth engine, and on-chain scale reaching $20 billion. The stablecoin market cap increased by 9.2%, and DeFi TVL was $6.6 billion.

Odaily Planet Daily reports that digital asset management company DDC Enterprise Limited announced today the purchase of 100 Bitcoins. This purchase marks the company's fifth consecutive week of buying Bitcoin, bringing its total Bitcoin holdings to 1,988 coins. (Businesswire)

ChainCatcher reports that, according to Arkham data, at 21:23, 170 BTC (worth approximately $11.36 million) was transferred from an anonymous address (starting with 168Bve...) to Cumberland DRW.

Grayscale’s latest research finds Bitcoin’s short-term price movements correlate more with stocks than with gold. The asset manager’s report highlights that Bitcoin’s fall alongside tech equities challenges the “digital gold” narrative Grayscale Investments released a research report

Bitcoin has fallen for three consecutive days after reaching $70,000, and market panic sentiment has intensified. Although spot trading volume has decreased, stable ETF capital inflows have offset selling pressure. On-chain data indicates that this correction is mild, and short-term prices are still expected to be highly volatile. The market is paying attention to US economic data that could influence risk asset sentiment.

Recently, Bitcoin's price briefly dropped below $75,000 due to weekend sell-offs, triggering a sharp change in market sentiment. Pessimistic bets on its future trend have surged on the prediction platform Polymarket. Analysts believe that the current market is influenced by technical factors and macro liquidity, while Bitcoin's core value is being overlooked. Institutional forecasts are divided, but investors should focus on tangible factors such as holding costs, macro data, and on-chain activity, and maintain their own investment logic.

This report points out that in the long-term sluggish cryptocurrency market, projects that can survive typically demonstrate practical solutions to address real problems. Projects like Hyperliquid, Canton, and Kite AI highlight their practical application value in different fields and emphasize three key factors for assessing their feasibility: the existence of the problem, the reasonableness of the solution, and the team's execution capability.

Under Tom Lee's leadership, BitMine has aggressively accumulated Ethereum, staking an additional 140,400 ETH worth approximately 19,283,746,565,748,392,010 million. They now hold 2.97 million ETH, representing 68% of their crypto assets. Despite recent stock declines, BitMine aims for long-term staking yields and strategic investments.

Nancy Guthrie, missing since February 1, received a ransom demand in Bitcoin. Activity was detected in the ransom wallet following FBI interest in the case. The investigation continues, with no confirmed links to the kidnappers yet.

Ethereum EIP-8025 allows zkAttesters to validate blocks by verifying zk proofs without re-executing every transaction. The first L1 zkEVM workshop is set for February 11, 2026, covering witness standards, CL integration, and prover setup. Ethereum is planning a change to how block validity c

At the Consensus HK Conference, Gate hosted a networking event focusing on the integration of RWA and TradFi assets. CEO Dr. Han stated that multi-asset collaboration will drive industry expansion. Gate is also expanding TradFi products, supporting multiple asset transactions with leverage of up to 500x, demonstrating its liquidity integration advantages.

On February 11, news reports indicate that since 2026, Ethereum (ETH) has continued to weaken, with a total decline of over 30% this year, and the price has once fallen below the $2,000 mark. The latest data shows that ETH is currently trading at approximately $1,971. The main holding groups—including long-term accumulated addresses and ETF investors—have all entered an unrealized loss zone, but there has been no panic outflow of funds. The market presents a complex pattern of “price pressure and stable chips.” On-chain analyst CW8900 pointed out that the current ETH price has fallen below the realized average price established during the whale accumulation period since June 2025, indicating that a large number of core addresses are in floating loss. Meanwhile, the on-paper loss of the world's largest Ethereum vault, BitMine, has exceeded $7 billion. However, data shows that these addresses have not withdrawn en masse; instead, they have continued to add positions at low levels.

On February 11, experts stated that the tokenization of real-world assets (RWA Tokenization) is still in the early stages of market hype, but its long-term potential is being accelerated and validated by traditional financial institutions and blockchain companies. As public blockchain infrastructure like Ethereum gradually matures, asset onboarding is being viewed as a vital part of the future financial system. Min Lin, Managing Director of Global Expansion at Ondo, pointed out at the Hong Kong Consensus Conference that the US Treasury bond market alone is valued at $29 trillion. When combined with the global stock market, the total scale approaches $127 trillion, with the US accounting for about $69 trillion. This scale means that even a very small percentage of assets going on-chain is enough to trigger a structural change in the entire crypto financial ecosystem.

On February 11th, news broke that on its first day of launch, the Monad platform quietly demonstrated "platform-level" trading capabilities on the Solana network. According to statistics from Sunrise DeFi writer shaddwfax, the on-chain trading volume of MON on Solana, when compared to traditional crypto trading platforms, would rank in the top five globally on that day, second only to a few leading platforms. This performance quickly sparked a reevaluation in the market of Solana's high-throughput public chain and its DeFi liquidity capacity. Data shows that the initial trading volume of MON on Solana was approximately $97 million, not a slow accumulation but a rapid surge within a short period. Within 24 hours of launch, its trading volume exceeded that of early Hyperliquid MON trades by over 122%, making Solana the core battleground for this round of price discovery. Even more noteworthy, within just 48 hours, the network completed over $400 million in related transactions, with nearly 360,000 total trades, demonstrating large-scale participation of real users and real funds.

On February 11, it was reported that in the latest episode of the All-In Podcast, CZ and renowned investor Chamath Palihapitiya proposed a disruptive view of market perception: the most serious issue in cryptocurrency today is not price volatility, ETF approval, or regulatory disputes, but the lack of native privacy at the protocol layer. They believe this flaw is becoming a core obstacle preventing crypto assets from truly mainstream adoption. Chamath pointed out that while Bitcoin's public ledger enhances system credibility, it also destroys "homogeneity." Every transaction can be traced, meaning each Bitcoin carries a complete history and cannot circulate freely like cash. When combined with KYC mechanisms, blockchain records become permanently linked to real identities, significantly weakening anonymity.

February 11 News, as the largest stablecoin by market capitalization, USDT has recently shown rare signals. Its market cap growth, after expanding for two consecutive years, has turned negative for the first time, sparking market concerns about a weakening mid-term trend. Multiple on-chain indicators show that changes in stablecoin supply are becoming a key reference for measuring risk appetite and liquidity in the crypto market. Data shows that the 60-day moving average of USDT market cap change, as reported by CryptoQuant, turned negative in February. The last time a similar situation occurred was in the third quarter of 2023. Historical charts indicate that when USDT supply continues to grow, new liquidity often flows into crypto assets; when the growth rate is negative, it suggests funds are more inclined to withdraw from the market rather than wait for a rebound. Analyst Crypto Tice pointed out that a contraction in purchasing power weakens downside support, making short-term rebounds more susceptible to selling pressure.

February 11 News, privacy cryptocurrency Zcash (ZEC) continues to weaken amid rising market risk aversion, with a decline of over 25% this month. In January, ZEC plummeted more than 41%, continuing its downward trend since 2026. As of press time, ZEC is priced at approximately $227.22, down another 4.29% in the past 24 hours. Looking back at its trend, ZEC once surged over 440% in October 2025 against the trend, becoming one of the few strong assets at that time. Despite volatile fluctuations in November and December, it ultimately closed slightly higher. However, after entering 2026, global risk assets came under pressure, coupled with rumors of Electric Coin Company (ECC) parting ways with Bootstrap, which significantly cooled market sentiment and led to continuous selling pressure on ZEC.

Success in crypto often carries an unexpected cost. Networks that attract heavy usage can become victims of their own growth when fees rise, and everyday activity becomes difficult. That painful pattern shaped Ethereum during its busiest period, when congestion and expensive transactions