Global Markets

ChainCatcher news reports that the US Dollar Index (DXY) has fallen by more than ten points in the short term, currently at 96.78.

Goldman Sachs warns of a potential $80 billion sell-off in US stocks, which could negatively impact BTC prices. Meanwhile, gold and silver prices have eased, prompting investor interest despite economic uncertainties.

Latest data shows that publicly traded companies holding Solana as treasury assets are under significant accounting pressure. According to estimates based on disclosed acquisition costs and current market prices compiled by CoinGecko, these companies have collectively unrealized losses exceeding $1.5 billion. They hold over 12 million SOL, approximately 2% of the total supply, with SOL currently trading around $84. The losses are mainly concentrated among several US-listed companies, including Forward Industries, Sharps Technology, DeFi Development Corp, and Upexi, with a combined unrealized loss of over $1.4 billion. Since some companies have not fully disclosed their cost basis, the actual loss could be even higher. Although no forced sales have occurred yet, the capital markets have already "priced in" the risk, with their stock prices generally below the market value of their held tokens, significantly limiting their financing capabilities.

February 10 News, as the spot gold price approaches $5,000 per ounce, the valuation gap between altcoins and gold has widened sharply. Crypto analyst Michaël van de Poppe pointed out that the current "altcoin-to-gold" ratio has fallen to its lowest historical level, with the weekly RSI dropping to 25, approaching the extreme levels seen during the 2020 pandemic black swan event. This indicator is seen as a "structural low-price" signal for non-mainstream crypto assets relative to precious metals. Against the backdrop of a strong rally in gold, RWA tokens linked to physical gold have become some of the few contrarian assets. PAX Gold (PAXG) fluctuates around $5,035, with a daily trading volume exceeding $400 million; Tether Gold (XAUT) remains around $5,013, with a nearly 11% increase over the past month. However, from a global perspective, the market size of tokenized commodities is only about $800 million to $1 billion, still very limited compared to the trillions of dollars in the global spot gold market.

February 10 News, global payments giant Visa has officially launched an on-chain settlement system based on the Ethereum network, using USDC as the settlement medium. The service was quietly launched in December 2025, but its on-chain annualized transaction volume has already exceeded $3.5 billion, marking an acceleration of the traditional financial system's migration to blockchain infrastructure. By transferring some cross-border and institutional payments on-chain, Visa provides corporate clients with 24/7 fund settlement capabilities, eliminating delays caused by banking hours and multiple intermediaries. The settlement cycle has been compressed from several days to just a few minutes, while also enhancing the traceability and transparency of fund flows. This change demonstrates that Ethereum is no longer just a smart contract platform but is evolving into a global settlement network.

Visa has begun settling stablecoin transactions on Ethereum, significantly improving payment speed and transparency. This integration supports 24/7 transactions, benefiting financial institutions and marking a shift of blockchain into mainstream finance.

Despite continuous positive signals such as ETF approvals and institutional adoption, since mid-last year, funds in the crypto market have been steadily flowing out, and Bitcoin's price performance has been more similar to high-growth software stocks in the US rather than traditional safe-haven assets. Grayscale's latest research indicates that the correlation between Bitcoin and the US software sector has significantly increased, showing that its trading logic is more aligned with growth assets. Data shows that from the beginning of 2024 to now, Bitcoin and US software stocks have moved in highly synchronized patterns. During recent sell-offs, both have fluctuated almost in the same direction, indicating that this round of decline is more due to a broad de-risking of growth assets rather than issues specific to the crypto industry itself. Fund flows also confirm this: US investors led the recent sell-off, with related Bitcoin ETPs experiencing approximately $318 million in net outflows since early February, further suppressing prices.

Hyperscale Data, a company under the New York Stock Exchange, announced that its Bitcoin treasury has increased to 589.4502 BTC, with a total market value of approximately $41.4 million. Its wholly-owned subsidiary Sentinum holds 548.5903 BTC and plans to increase the value of its Bitcoin assets to $100 million.

Bitcoin ETFs have seen increased institutional demand, with notable inflows despite overall outflows. Analysts label recent downturns as the weakest bear case in Bitcoin's history, indicating resilience among early investors amid rising financialization concerns.

Odaily Planet Daily reports that the Bitcoin ETF assets held by Harvard University have surpassed the assets it holds in Google stocks. (Bitcoin Magazine)

Victory Securities Hong Kong will officially close all cryptocurrency trading functions for users with mainland China identities starting from the afternoon of February 9, 2026, retaining only withdrawal privileges. This is Victory Securities' final measure to gradually tighten services for mainland users, following restrictions implemented earlier, such as banning purchases from mainland IP addresses and suspending new address verifications starting December 19. This move aims to comply with the regulatory requirements of the Hong Kong Securities and Futures Commission and relevant policies in mainland China. Users who are not mainland tax residents are not affected.

Chainlink Co-Founder Sergey Nazarov stated that this cycle reveals two key points: significant improvement in industry risk management with no FTX-style systemic collapse; and accelerated RWA on-chain process independent of crypto prices. With over 70% market share, Chainlink supports RWA development through its three core capabilities: data, connectivity, and orchestration. Nazarov predicts that the total on-chain RWA value will surpass that of cryptocurrencies.

BlockBeats News, February 10 — Ark Invest, led by Cathie Wood, increased its holdings by 57,164 shares (worth $1.83 million) of Bullish stock on Monday, which saw a single-day price increase of 16.76%. It is worth noting that Ark purchased 393,057 shares of Bullish stock last Friday, valued at approximately $10.8 million. (The Block)

Stripe is arranging a new round of tender offers with a valuation of at least $140 billion, a jump of over $30 billion from last year's $107 billion. This payments giant has been frequently conducting tender offers since 2024, allowing employees to cash out without going public. Co-founder John Collison stated in January this year that Stripe is not in a rush to go public, as they lay off 300 employees while continuing to hire.

Federal Reserve Board Governor Christopher Waller stated on February 9 that recent sharp fluctuations in Bitcoin indicate that the TACO trading frenzy that occurred when the Trump administration took office has subsided. Bitcoin fell to $60,000 on February 5, nearly erasing the gains since Trump's election. Waller pointed out that the surge in volatility is driven by regulatory uncertainty and institutional risk management, with companies entering through ETFs being forced to close positions.

Bitcoin (BTC) continues its sluggish trend, temporarily trading around $70,050 on February 10. Jump Trading will provide liquidity in exchange for a small stake in Kalshi and Polymarket; such market-making agreements are similar to venture capital arrangements. MicroStrategy increased its holdings by 1,142 Bitcoins last week, and BitMine has accumulated a total of 40,000 ETH.

MrBeast's Beast Industries acquires the teen-oriented Step Bank. The YouTuber with 466 million subscribers received a 200 million investment from BitMine in January and applied for the "MrBeast Financial" trademark, including crypto trading services, in October. Step has 6.5 million users and has raised 500 million dollars from celebrities.

NYMEX gold futures rise to $5,100 per ounce, up 2.41% for the day. Gold and silver futures climb, with market analysts indicating that precious metals may enter another bull market, recommending investors to buy on dips.

Google launches Project Genie, an interactive world for prompt generation, triggering panic in gaming stocks. Unity plummets 35%, with Take Two, Nintendo, and others declining. Unity CEO states that it is an accelerator, not a risk; probabilistic generation is not suitable for gaming. Take Two CEO: Tools are not the same as the作品, talent remains key.

OpenAI releases GPT-5.3-Codex, the first model that "participates in creating itself," capable of debugging its own code, managing deployment, and diagnosing tests. Karpathy states that this update is "the closest scenario to AI taking off."