Ethereum Slashes Fees

️ On today's Top Picks:

Crypto News

• ⭐️ Ethereum developers target March 13th for Dencun upgrade.

• Prometheum, the only US-registered crypto securities platform chooses Ethereum $ETH.

• Ethereum Name Service $ENS debating on releasing an in-house L2 dubbed, “the identity layer.”

• Frax $FRAX launches L2 network Fraxtal with mainnet available for specific launch partners.

• ⭐️ Do Kwon wins second appeal against Montenegro High Court's decision to uphold extradition requests.

• NYAG triples estimated size of alleged fraud to $3B in case against DCG.

• US Energy Information Administration now requires mining operations to report power consumption.

• Bakkt warns it may be unable to continue business due to insufficient funds.

• Wemade $WEMIX being investigated for allegedly dodging reporting duties.

Alpha

• Roadmap Calendar for February through April by LayerGG.

• What Is ERC404 and how does it work by Binance Research.

• Kinto launches Phase Three The Rescue with mainnet set for April.

• Orbiter launches Happy Lunar New Year campaign on Galxe.

• Bebop launches Flying Dragon quest on Rep3.

• Opal approved for a Balancer grant to develop Omnipools for LSTs/LRTs & stablecoins.

• Rabby Wallet releases Mobile Beta for Android with iOS coming soon.

• Guild introduces Guild Points Engine to reward most active members.

Airdrops

• ⭐️ Pixels $PIXEL is closing in by Olimpio.

• David Hoffman posts, "February is airdrop month, pt II," on X.

• Mode Intract campaign by CC2.

Finance News

• ⭐️ Sam Altman seeks as much as $7 Trillion for new AI chip project.

• US SEC fines 16 firms over $81M for record-keeping failures.

• US lawmakers accuse VC firms of funding Chinese military-linked firms.

• Microsoft $MSFT closes at a $3.12 Trillion market cap, the largest market cap for a US company ever.

• Nvidia $NVDA to build custom AI, console, and telecom chips for high-profile customers.

• Cloudflare $NET revenue and adjusted earnings surpass expectations as company wins larger deals.

Security and Exploits

• DeBank releases Lock Address feature in the event that your private key gets compromised.

• Revoke announces support for Mode.

• Samsung updates Magician software after high severity vulnerability was found.

Token Unlocks

• Moonbeam / 3.04M $GLMR / ~$1.2M / FEB 10
• Aptos / 24.84M $APT / ~$218M / FEB 11

Funding

• ⭐️ Superform Labs, a universal yield marketplace; raises $6.5M in funding led by Polychain Capital.

• Flood, a DEX aggregator; raises $5.2M in Seed funding led by Bain Capital Crypto & Archetype.

• Fuzzland, AI x dynamic analysis solutions for Web3; raises $3M in Seed funding led by 1kx.

• UniSat, a Bitcoin service provider; raises an undisclosed amount in Pre-Series A funding led by OKX Ventures.

• DEXTools; a DeFi application; raises an undisclosed amount in Seed funding led by OKX Ventures.

The Degen Farmer