Market Meltdown: Real Liquidations Exceed $10B

️ On today's Top Picks:

Crypto News

• ⭐️ Crypto rebounds as US President Trump pauses Mexico & Canada tariffs; Bitcoin $BTC recovers to over ~$100K after falling as low as ~$92K over the weekend.

• ⭐️ ByBit CEO Ben Zhou estimates total liquidations were $8B to $10B yesterday; analysts claim this was the largest single-day liquidation event in crypto history.

• Andean Medjedovic charged with theft of $65M worth of crypto from KyberSwap & Indexed Finance; Medjedovic remains at large.

• Coinbase $COIN obtains VASP registration in the UK; to offer retail, institutional, and ecosystem products & services to users across the UK.

• Steve Yun launches TVM Ventures, a $100M fund focused on $TON-based startups; prioritizes DeFi & PayFi verticals and targets seed-stage investments at valuations of $5M to $10M.

• THORChain $RUNE members pass proposal to convert ~$200M of unserviceable debt into equity via a new token THORChain Yield $TCY; follows recent suspension of THORFi services on January 23rd.

• Digital Asset Investment Products saw inflows of $527M last week; Bitcoin $BTC $486M, Ethereum $ETH net zero, Solana $SOL $4.5M, Ripple $XRP $14.7M.

Alpha

• Berachain publishes Berachain: Proof of Liquidity whitepaper; Berachain mainnet to launch soon.

• Movement Network launches Cornucopia vaults; deposit into the Cornucopia vaults to earn Movement incentives.

• ⭐️ Monad posts "Monad Testnet: February __, 2025" on X; Monad testnet to launch soon.

• Soneium to launch Week 2 of Soneium Conquest campaign on January 4th; Week 2 features SocialFi & AI agents.

• Soneium introduces Soneium OG Badge; complete 45 txns on Soneium before February 27th to qualify.

Airdrops

• D3 Airdrop Strategy by Earndrop.

• ⭐️ Pudgy Penguins $PENGU airdrop claim coming to an end; unclaimed PENGU to be burnt.

• ICYMI Weekly Airdrop Recap by Earndrop.

• ICYMI Term Labs Airdrop Strategy by Earndrop.

• ICYMI Resolv Airdrop Strategy by Earndrop.

Finance News

• US President Trump signs executive order to create a sovereign wealth fund; US Treasury & US Commerce Departments to be in charge of its formation.

• US Tariffs on Mexico paused for a month; President Trump & Mexican President Sheinbaum reached an agreement following discussions.

• US Tariffs on Canada paused for a month; US President Trump & Canadian President Trudeau reached an agreement following discussions.

• US President Trump considers imposing 10% tariffs on all imported goods from the EU.

• US President Trump appoints Scott Bessent as acting director of the Consumer Financial Protection Bureau; CFPB proposed several rules related to crypto in recent years.

• Gold $XAU reaches new all-time high of $2,829; surge influenced by increased demand for safe-haven assets amid economic uncertainties.

• Stronghold Digital $SDIG fined for breaching power market rules to mine Bitcoin $BTC; to pay over $1.4M in penalties and refunds.

• Intel $INTC receives $536M from the EU following antitrust fine reversal; payment covers interest on original $1.1B penalty which the EU annulled in 2022.

Security and Exploits

• ⭐️ Google releases February 2025 Android security update; patches 48 vulnerabilities including a zero-day kernel vulnerability.

• DeepSeek targeted in EU over data privacy & security concerns; Netherlands issued a warning against using DeepSeek; Italy blocked DeepSeek outright.

• ZachXBT reports Coinbase users have lost more than $65M from December 2024 to January 2025 due to social engineering scams; urges Coinbase to make changes.

• MetaMask unveils LavaMoat, a set of tools for securing JavaScript projects against software supply chain attacks.

• Revoke[.]cash adds support for Soneium.

Token Unlocks

• XDC Network $XDC / ~$84M / FEB 05th
• Kaspa $KAS / ~$19M / FEB 05th
• Neon $NEON / ~$16M / FEB 07th
Sourced from Tokenomist

Funding

• GOAT Gaming raises $4M in Strategic funding led by TON Ventures, Karatage, Amber Group, Bitscale Capital.

The Degen Farmer