Odaily News According to Coinglass data, the entire network experienced liquidations totaling $187 million over the past 4 hours, with long positions accounting for $161 million in liquidations and short positions accounting for $25.1949 million.

Among these, BTC liquidations amounted to $70.59 million, and ETH liquidations amounted to $60.34 million.

Odaily News: Market News: The U.S. House of Representatives has cleared a procedural hurdle for the government funding bill, paving the way for a final vote. (Jin10)

According to Onchain Lens monitoring, the "1011 Insider Whale" (08b5...edb8e) deposited 20,000 ETH to Binance, valued at $44.96 million.

Odaily News Axie Infinity announced in an official blog post that AXS will become the reserve currency for the new application token, Bonded AXS (bAXS). As an ERC20-C token, bAXS shares the same utility functions as AXS, including being used for Axie evolution, breeding, forging items in App.axie, and staking, among others.

The project team will conduct two rounds of bAXS airdrops targeting AXS stakers and based on Axie Score. The first airdrop pool consists of 100,000 bAXS, with the snapshot taken at 00:01 UTC on February 5. Eligibility for claiming requires wallets staking at least 10 AXS. Details for the second airdrop are pending, and staking the bAXS received from the first airdrop will increase the weight for the second airdrop.

Furthermore, Axie Homeland will be gradually phased out and replaced by the new land game, Terrariums. Terrariums is expected to launch its MVP version in Q2 2026, at which point bAXS will officially go live. Players will be able to earn bAXS rewards through various activities within Terrariums.

Odaily News: Tom Lee, co-founder of Fundstrat, stated on CNBC that the cryptocurrency market may have already touched or is nearing the bottom. Despite recent significant price volatility in Bitcoin and Ethereum due to safe-haven capital flowing into the precious metals market and policy uncertainty in Washington, the network fundamentals remain robust. According to Tom DeMark's technical analysis, Bitcoin around $77,000 and Ethereum around $2,400 have completed the price and time-based bottoming logic. Additionally, the publicly listed company BitMine Immersion Technologies (BMNR), where Tom Lee serves as Chairman, recently purchased another 41,788 Ethereum, bringing its total holdings to over 4.28 million, which accounts for approximately 3.5% of Ethereum's circulating supply.

Odaily News According to Lookonchain monitoring, a whale (0x4f76) deposited 4 million USDC again after a 2-month interval to purchase HYPE. Currently, this address holds 591,470 HYPE, valued at $20.17 million, with an additional 2.43 million USDC being deployed to buy more HYPE.

Odaily News Vitalik.eth posted on the X platform, stating that there has been increasing discussion recently about the ongoing role of L2s within the Ethereum ecosystem. As progress towards L2s entering Stage 2 is far slower than expected, and L1 itself is scaling with a significant gas limit increase anticipated for 2026, this means the original vision of L2s as Ethereum's "branded shards" is no longer applicable, and new paths are needed.

Vitalik Buterin pointed out that L1 no longer needs L2s as branded shards, and L2s cannot or are unwilling to meet the properties required for true branded shards. He suggested that L2s should identify value-added points beyond just "scaling," such as privacy, application-specific efficiency, extreme levels of scaling, non-financial application design, ultra-low latency, and built-in oracles. If handling ETH or other Ethereum assets, L2s should at least achieve Stage 1 and support maximum interoperability with Ethereum.

Furthermore, Vitalik Buterin stated that over the past few months, he has become more convinced of the value of native rollup precompiles, especially after having the ZK-EVM proofs needed to scale L1. This precompile would make EVM verification without a security council feasible. He believes research should focus on how to design this precompile so that it can verify the EVM portion even when an L2 includes "EVM and other content." This would make achieving secure, robust, trustless interoperability with Ethereum easy and enable synchronous composability.

Odaily News SharpLink posted on platform X stating that despite significant market volatility, SharpLink still generated 482 ETH through staking rewards last week, creating $1.1 million in value for shareholders. SharpLink is committed to maintaining the world's most disciplined Ethereum treasury, focusing on generating the highest yield from its ETH holdings with minimal risk.

Odaily News U.S. House Speaker Johnson: The House will approve advancing relevant legislation on Tuesday to end the brief government shutdown. (Jin10)

Odaily News: Ondo Finance announced on its official website that Ondo Global Markets has confidentially submitted a registration statement to the U.S. Securities and Exchange Commission (SEC). Once effective, this filing will provide global investors with issuer-level disclosures that meet SEC standards. Currently, Ondo Global Markets has become the world's largest tokenized stock platform, with total assets under management (TVL) exceeding $2.5 billion and cumulative trading volume surpassing $9 billion. By integrating SEC-registered transfer agents, broker-dealers, investment advisors, and alternative trading systems (ATS), Ondo Finance aims to support all major tokenization models, including direct ownership, beneficial ownership, and native tokenized securities. The platform currently offers over 200 tokenized U.S. stocks and ETFs to non-U.S. investors.

Odaily News According to Y Combinator Visiting Partner Nemil Dalal, the renowned Silicon Valley incubator Y Combinator will allow startups to choose to receive their YC investment funds in the form of the USDC stablecoin. This option will take effect starting with the Spring 2026 batch.

This is the first time Y Combinator has offered a stablecoin payment option, covering major blockchain networks such as Ethereum, Base, and Solana. Nemil Dalal stated that stablecoin transfer costs are typically less than 1 cent and can achieve second-level settlement, making them a more efficient and cheaper alternative to traditional cross-border remittances. This move comes as stablecoins have reached a regulatory inflection point in the US following the passage of the GENIUS Act last year. YC has currently invested in nearly 100 AI and crypto-related startups and stated that the stablecoin option will not affect the established funding amounts or terms.