Odaily Planet Daily News WEEX's native token WXT will be officially launched on LBank on February 12, 2025. This strategic move will further enhance WXT's liquidity in the global market. At that time, users can trade WXT/USDT in LBank and enjoy a more convenient trading experience. As the core token of the WEEX ecosystem, WXT provides a number of functions such as transaction fee discounts, airdrop rewards, VIP membership rights and governance voting. On January 11, 2025, WXT's 24-hour increase exceeded 101%, setting a record high of $0.0339, with strong market performance. The substantial increase in WXT's market value is due to the strong development of WEEX. In 2024, WEEX users increased by 150% to exceed 5 million, ranking among the top 12 exchanges on CoinMarketCap, and the average daily trading volume exceeded US$5 billion. The number of platform trading pairs increased to 1500+, and the market trading liquidity increased significantly. In addition, WEEX invited football legend Michael Owen to serve as a global brand ambassador to strengthen brand influence and accelerate global market development. Not only that, WEEX has announced the launch of a quarterly repurchase and destruction mechanism, using 20% ​​of the platform profit to repurchase and destroy $WXT every quarter. In the first round, 4 billion $WXT has been destroyed, accounting for 40% of the total supply, with a value of over $120 million. The total supply of tokens has now dropped to 6 billion, and the long-term value of WXT will further increase. Andrew Weiner, Vice President of WEEX, said: "The listing of WXT on LBank will further enhance its global liquidity and ecological influence. WEEX will continue to optimize the application scenarios of WXT and promote its deep integration in CeFi and DeFi to create more value for global users." The listing of WXT on LBank is the second CEX exchange listing after MEXC. The addition of LBank will undoubtedly further broaden global trading channels and boost market liquidity and value growth. The future market performance of $WXT cannot be underestimated.

According to BlockBeats, the global market macro commentary magazine, Kobeissi Letter, reported on February 10 that short positions on Ethereum have surged by 40% within a week and have skyrocketed by 500% since November 2024. Wall Street's shorting of Ethereum has reached unprecedented levels, surpassing any previous records. The impact of these extreme short positions has already been observed. On February 2, Ethereum experienced a dramatic 37% drop within 60 hours, coinciding with news related to trade wars. This sharp decline was reminiscent of the 2010 stock market 'flash crash,' although there was no clear news catalyst at that time. The entire cryptocurrency market saw over $1 trillion evaporate in just a few hours. Despite the rapid increase in short positions in December 2024, Ethereum has continued to attract significant capital inflows. Over a span of just three weeks, ETH saw inflows exceeding $2 billion, with a record-breaking $854 million in a single week. However, hedge funds are still aggressively shorting Ethereum, aiming to suppress its rise and limit any breakout movements.

According to Foresight News, data from Alternative.me indicates that the Cryptocurrency Fear and Greed Index has decreased to 43 today, down from 46 yesterday. This suggests that the market remains in a state of 'fear.'

Odaily Planet Daily News Bitget will launch Stool Prisondente (JAILSTOOL) in the Innovation Zone and Meme Zone. The recharge channel is now open, and the trading channel will be open at 17:00 today (UTC+8).

Odaily Planet Daily News Matrixport released today's chart saying that since late January, Ethereum spot ETFs have accumulated $500 million in funds, but ETH prices have not rebounded significantly. This shows that although the gains brought by the Trump election in November have basically been waived, the selling pressure in the market is still strong. However, the interest of long-term value investors seems to be heating up, and even members of the "World Financial Freedom" organization have expressed their concern about ETH. Looking ahead, the Ethereum network upgrade in March may become a potential catalyst, but the market reaction is relatively cold, which is different from the enthusiastic atmosphere during the past few upgrades. At present, the market generally believes that this upgrade is difficult to drive a big market. In the absence of clear positive factors, ETH prices may continue to be under pressure, and Ethereum's market share has dropped to 10%.

Odaily Planet Daily News LBank announcement shows that LBank will launch RedStone (RED) pre-market trading at 18:00 (SGT) on February 10, 2025, and open the RED/USDT trading pair. It is reported that the delivery of RED pre-market trading will be carried out 30 minutes before the official opening, and LBank will redeem RED pre-market trading and official trading tokens 1:1.

If demand for Ondo remains steady, this consolidation phase could quickly turn into an uptrend once the market-wide sentiment stabilizes. source: https://ambcrypto.com/ondo-defends-key-support-these-are-the-levels-to-watch-now/

Economist Henrik Zeberg believes the crypto market is on the verge of its final bullish surge, with Bitcoin and altcoins gearing up for another major rally. The post Bitcoin’s Final Surge? Economist Predicts Massive Crypto Rally appeared first on Cryptodnes. source: https://cryptodnes.bg/en/bitcoins-final-surge-economist-predicts-massive-crypto-rally/

Michael Saylor and Strategy (formerly MicroStrategy) continue their aggressive Bitcoin accumulation strategy, hinting at another major purchase. <p>The post Bitcoin in Focus: Strategy’s Michael Saylor Drops New BTC Chart After One Week first appeared on Ecoinimist.</p> source: https://ecoinimist.com/2025/02/10/michael-saylor-strategy-bitcoin-buy/?utm_source=rss&utm_medium=rss&utm_campaign=michael-saylor-strategy-bitcoin-buy

Odaily Planet Daily News According to BlackRock data, the number of cryptocurrency users has reached 300 million in just 12 years - the speed of popularization is 43% faster than mobile phones and 20% faster than the Internet. The participation of the younger generation, concerns about inflation, and Trump's pro-crypto stance are driving this growth. With the Bitcoin ETF expected to exceed $250 billion, coupled with the accumulation of regulatory benefits, cryptocurrency is accelerating into the mainstream. In this regard, Coinbase CEO Brian Armstrong analyzed, "It depends on how you define the official starting year - whether it is Bitcoin, the Internet or mobile phones - to make this comparison. But in any case, the trend is generally correct. At the current growth rate, the number of Bitcoin adopters should reach one billion by 2030."

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.

We will delve into the heart of Robinhood’s crypto business, explore why its stock price has surged 383% over the past year, and carefully analyze its current investment value and future bullish catalysts.

Are new institutional players influenced by Bitcoin, or are they a factor?

OpenAI CEO Sam Altman said low-cost AI could reduce product costs, but luxury goods would also increase in price.

Kanye West denied plans to launch a token, revealing he rejected a $2 million offer. He criticised celebrity-backed tokens, saying “coins prey on fans with hype,” and expressed interest in speaking with Coinbase CEO Brian Armstrong. Are his comments a critique of celebrities profiting from the meme coin craze?

The algorithmic "deterrence" forces people to always ensure that the best technical talents are responsible for the research and development of BTC system codes, ensuring that the system's security level is always at the forefront of humanity.