This article will analyze the complex logic behind Ethereum’s weakness from three dimensions: market sentiment, technological innovation bottlenecks, and capital trends.

According to Odaily, Electric Capital partner Avichal recently stated on social media that the 'golden era' for software engineers in San Francisco has concluded. From 2000 to 2020, software engineering was synonymous with high-paying careers. However, with over 100,000 layoffs in the tech industry in 2024, the globalization of remote work, and the rapid advancement of AI technology, the career trajectory for software engineers has fundamentally shifted. Avichal likened the rise of ChatGPT to a '2008 moment' for the software engineering sector, altering the market landscape. Despite these changes, Avichal emphasized that the situation is not entirely negative. The future will favor small, efficient teams, with AI-driven efficiency leading to the emergence of billion-dollar companies built by teams of just ten people. AI-first companies are expected to dominate the market, granting designers, product managers, and domain experts unprecedented influence, thereby fostering a new generation of entrepreneurs. He predicts that as the cost of software production continues to decrease, the enterprise software industry will undergo significant transformation. The era of 'easy money' for ordinary software engineers is over, and a new 'gold rush' in San Francisco has quietly begun.

According to Odaily, Kyber Network announced on X that KyberSwap will discontinue support for Polygon zkEVM starting this week. This decision is part of ongoing efforts to streamline and enhance the platform. The company aims to optimize its services to maintain KyberSwap as a high-performance, user-friendly, and secure platform. The focus will be on chains that are most active and valuable to the community. Transactions on this chain will cease, and users are not required to take any action.

According to Odaily, Caroline Butler, the Global Head of Digital Assets at BNY Mellon, has recently advocated for a comprehensive reevaluation of digital asset regulation. She emphasized that blockchain and smart contracts should not merely enhance existing infrastructure by 20%. One of the initial actions by the new acting chair of the SEC was to revoke SAB 121, a move BNY Mellon has been lobbying for since its introduction. Butler believes that regulation should be reimagined around the future of capital markets, which will focus on wallet structures. She stated, "It should not conform to our current model, as wallets should encompass a variety of elements. This will disrupt the current model where institutions are more segmented by asset class. We should have a use-case-driven regulatory system that manages and focuses on wallets. I think this is a significant shift." Additionally, Nadine Chakar, Managing Director and Global Head of Digital Assets at DTCC, highlighted the need for a cultural shift within the market, given that companies are divided into fixed income and derivatives teams. She added, "While we are exploring disruptive technologies, I believe that innovation will be incremental for some time before the industry can truly thrive."

Odaily Planet Daily News The Japanese Financial Services Agency has begun to consider positioning crypto assets (virtual currencies) as financial products similar to securities, with the aim of requiring companies to disclose more detailed information to protect investors. Currently, the Financial Services Agency is holding closed-door research meetings with experts to review whether the current regulation of virtual currencies is sufficient. It is reported that the Japanese Financial Services Agency has begun to design a system that will announce a system reform policy in June this year and amend the law in the ordinary Diet in 2026 after discussions in the Financial System Committee this fall. Bloomberg recently reported that "the expert research group set up by the Japanese Financial Services Agency generally agreed that cryptocurrencies are beginning to be positioned as investment targets", which seems to be a response to the US SEC's approval of Bitcoin Spot ETF and Ethereum Spot ETF, as well as the Trump administration's support for the crypto industry. The new system also aims to lift the ban on "Bitcoin Spot ETF" and may reduce the current tax rate of up to 55% to 20%, the same as the financial income tax rate, in order to achieve the purpose of both protecting investors and revitalizing the market. An important question raised in the future is whether the target will be all crypto assets, or just those that have been approved as ETFs in the U.S., such as Bitcoin and Ethereum. (Nikkei)

Odaily Planet Daily News Caroline Butler, global head of digital assets at BNY Mellon, recently called for a broad rethinking of digital asset regulation so that blockchain and smart contracts are more than just a 20% incremental optimization of existing infrastructure. One of the first actions of the new acting chairman of the SEC was to revoke SAB 121, a move that BNY Mellon has been lobbying for since the bill was introduced. Butler believes that regulation needs to be reimagined around the future of capital markets, which will revolve around wallet structures: "It shouldn't fit our model today, because wallets should contain a lot of things. This will break our model today, where our institutions are more divided by asset class. We should have a use case-driven regulatory regime to manage and focus on wallets. I think this is a huge shift." In addition, Nadine Chakar, managing director and global head of digital assets at DTCC, pointed out that given the company's division into fixed income and derivatives teams, a cultural shift is needed within the market, adding: "While we are working on disruptive technologies, I think innovation will only be incremental for some time before the industry can thrive."

Odaily Planet Daily News According to the official announcement, LBank has launched the CAR U-based perpetual contract at 15:00 (SGT) on February 10, 2025, with a maximum leverage of 50 times.

Odaily Planet Daily News According to The Data Nerd, yesterday, the smart money "J9nMx" spent $40,300 to buy 26.98 million jailstools. The address then sold 8.53 million tokens for $873,000 and transferred 500,000 tokens to Kraken. Currently, the smart money still holds 1.75 million tokens.

Odaily Planet Daily News According to official news, Gate.io will launch the first ANLOG perpetual contract real-time trading (USDT settlement) at 19:00 (UTC+8) on February 10, 2025, supporting 1-50 times leverage. CoinGecko data shows that Gate.io has cumulatively supported more than 600 perpetual contract currencies and is the preferred platform for more than 20 million users worldwide.

The Newport landfill closure marks the end of James Howells' decade-long quest to recover a hard drive containing 8,000 lost Bitcoin, worth $768 million. <p>The post Lost Bitcoin Mystery: 8,000 BTC Worth $768M Likely Gone for Good first appeared on Ecoinimist.</p> source: https://ecoinimist.com/2025/02/10/8000-bitcoin-lost-as-landfill-closes/?utm_source=rss&utm_medium=rss&utm_campaign=8000-bitcoin-lost-as-landfill-closes

A closely followed crypto strategist believes Bitcoin (BTC) will take a serious hit if it corrects below $90,000. In a new strategy session, pseudonymous analyst Cheds tells his 49,600 YouTube subscribers that Bitcoin appears to be currently trading in a sideways trend with a well-defined resistance at $107,000 and a clear support level at $90,000. […] The post Trader Warns Bitcoin Could... source: https://dailyhodl.com/2025/02/10/trader-warns-bitcoin-could-witness-severe-momentum-blow-if-it-loses-90000-heres-his-downside-target/

Solana’s top narrative for 2025, a comprehensive interpretation of Solayer, SOON, and Sonic SVM.

A landfill in Wales, believed to contain a hard drive with 8,000 Bitcoin, is slated for closure.

Figure AI ended its partnership with OpenAI after developing its own advanced AI for humanoid robots. The company secured major deals, including one with BMW, and plans to reveal a groundbreaking robot achievement soon.

The diamond hand who has targeted multiple Al Agent blue-chip targets talks about his investment research methodology and position-building style.

Elon Musk has denied any interest in purchasing TikTok, despite speculation from Chinese officials about him buying its US operations if a ban occurs. President Trump has also suggested that Musk or Oracle's Larry Ellison could acquire the platform through a government-backed deal.

A landfill in Wales is set to close after it was reportedly home to a hard drive containing 8,000 Bitcoins.

When a White House reporter asked Trump: You transferred more than a billion dollars through Trump Tokens, what do you think about this? Trump replied: "Compared with these people (Masayoshi Son, Musk), this is small money."

Michael Saylor's company, Strategy, is preparing for another major Bitcoin purchase, continuing its aggressive accumulation strategy. The firm holds over 471,000 Bitcoin, worth $45 billion, and has raised billions through stock offerings to finance its acquisitions.

Solana-based Pump.fun denied rumours of an upcoming token launch. Co-founder Alon Cohen rejected claims of leaked tokenomics as false, despite documents suggesting a planned issuance of 420 million tokens, with 210 million for public sale through Dutch auctions on centralised exchanges.