Daily Recap 2-9

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Grayscale moved 861.5 BTC, valued at around $41 million, to Coinbase Prime Deposit's address and transferred 900 BTC to a new address. Link

Yesterday Bitcoin ETFs drew in a significant $405 million. Link

According to Deribit, the largest group of June expiry ether call options is focused at a strike price of $4,000. Link

Genesis Global Holdco submitted a request to the U.S. Bankruptcy Court in the Southern District of New York on Thursday, seeking the judge's approval for a settlement. Link


EigenLayer -  DeFiLlama reports that EigenLayer's TVL in the Restaking protocol surged 171% over the last week to $5.66 billion, overtaking Uniswap to rank as the fifth largest TVL protocol. Deposits for EigenLayer remain open until 4:00 UTC+8 on February 10th. Link

Bitcoin Ordinals - Binance Research published a report on Bitcoin Ordinals, highlighting that the landscape has expanded into multiple areas including DeFi, NFTs and tooling, creating a burgeoning ecosystem. Link

Optimism - Next week, Optimism will temporarily suspend ETH withdrawals for an hour to conduct a test of its incident response system. Link

zkSync - zkSync is aiming for reduced fees and larger transaction batches following Ethereum's Dencun upgrade. Link

ERC404 - Binance Research wrote an educational thread on ERC404s. Link

SushiSwap - SushiSwap has introduced Susa, a decentralized derivatives exchange operating on Layer N, an Ethereum scaling solution. Link

Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.