Daily| Devansh Mehta joins the Ethereum Foundation; Upbit suspends digital asset deposit and withdrawal services of more than 1 million won

Compiled by: Fairy, ChainCatcher

Important information:

• Nasdaq has submitted application documents to the SEC for listing and trading of CoinShares XRP ETFs and LTC ETFs
• Devansh Mehta joins the Ethereum Foundation, focusing on AI, public products and governance
• Base team members deny rumors that their serializer fee revenue has been transferred to Coinbase for sale
• CoinShares: Net inflow of digital asset investment products last week was US$1.3 billion, with inflows for five consecutive weeks
• Alliance DAO Founder: ETH, which has been cleared for 10 years, has almost ended its growth potential
• Slow Fog Cosine: CAR creator funds are sourced from Binance, and nearly 80% of tokens are distributed on 6 creator related addresses
• Upbit: Due to VerifyVASP server maintenance, digital asset deposit and withdrawal service of more than 1 million won is suspended

"What important events have happened in the past 24 hours"

[Nasdaq has submitted application documents to the SEC for listing and

trading of CoinShares XRP ETFs and LTC ETFs](https://www.chaincatcher.com/article/2166707)

According to Cointelegraph, Nasdaq Securities and Exchange Markets LLC filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of CoinShares XRP ETF and LTC ETF.

[Devansh Mehta joins the Ethereum Foundation, focusing on AI, public

products and governance](https://www.chaincatcher.com/article/2166700)

Devansh Mehta announced on X that it would join the Ethereum Foundation as head of AI x public products/governance. He has been active in the Arbitrum and Gitcoin ecosystems.

Mehta said it is currently focusing on three directions: AI x ecological growth funding, AI x practicality, and AI x governance. For example, he plans to use AI to predict the financing of Ethereum ecosystem projects, develop AI scoring mechanisms to measure the effectiveness of decentralized applications, and explore the introduction of AI prediction market mechanisms into DAO governance to optimize the proposal decision-making process.

[Base team members deny rumors that their serializer fee revenue has

been transferred to Coinbase for sale](https://www.chaincatcher.com/article/2166699)

According to CoinDesk, Base team member Kabir.base.eth denied rumors that Base has been transferring its serializer fee revenue to Coinbase for sale.

Kabir explained that Base uses off-chain custody to ensure security and audit transparency, so funds will be transferred to Coinbase. In addition, Base is mainly settled in ETH and used for Ethereum L1 fee payment and ecological support.

Previously, anonymous analyst Santisa questioned that Base had transferred all sorter fees to Coinbase and may have been sold. Sonic Labs founder Andre Cronje also pointed out that the centralized operation mode of the L2 sorter may affect the deflation effect of ETH, causing Ethereum to re-enter the inflation state.

[CoinShares: Net inflow of digital asset investment products last week

was US$1.3 billion, with inflows for five consecutive weeks](https://www.chaincatcher.com/article/2166698)

According to CoinShares' latest weekly data, digital asset investment products inflows last week for five consecutive weeks, totaling US$1.3 billion, bringing inflows so far this year to US$7.3 billion. Recent price declines have caused ETP's total managed assets to fall from an all-time high of $181 billion set at the end of January to $163 billion. Trading volumes stabilized at $20 billion this week.

From a regional perspective, the inflow of funds in the United States is US$1 billion, but buying on dips is very common. Inflows in most other regions have also occurred. The most eye-catching are Germany, Switzerland and Canada, with inflows respectively. $61 million, $54 million and $37 million.

Bitcoin inflows of $407 million, with global ETP currently accounting for 7.1% of its current market capitalization, becoming the largest holder relative to any other entity. This week, Ethereum became the focus, with its price falling to nearly $2,100 recently, triggering a large amount of buying on dips and inflows of $793 million, surpassing Bitcoin for the first time this year.

[Alliance DAO Founder: ETH, which has been cleared for 10 years, has

almost ended its growth potential](https://www.chaincatcher.com/article/2166688)

Alliance DAO founders Imran Khan and Qiao Wang shared their views on a podcast titled On Consumer Crypto.

Imran believes that "Base supporters in the current market have turned to Solana." Qiao responded to this view, "It is easier to attract users on Solana. For developers familiar with EVM, it is not easy to turn to Solana. It requires learning a whole set of things. Brand new tools, but even so, they still feel it's worth it because Solana provides a better user base and ecological support."

In addition, Qiao also said, "I actually have held Ethereum since the Creation Block. But I sold it last year, and I held it for a full 10 years. You can imagine, holding an asset for 10 years, and then suddenly I feel like , its growth potential is almost over."

[Upbit: Due to VerifyVASP server maintenance, digital asset deposit and

withdrawal service of more than 1 million won is suspended](https://www.chaincatcher.com/article/2166664)

Upbit issued an announcement stating that due to VerifyVASP (VV) server maintenance, digital asset transfers involving more than 1 million won may be affected from 23:00 to 23:30 on February 12, 2025.

This maintenance will affect deposits and withdrawals through travel rule verification and account holder confirmation services.

[The acting director of the US CFPB has cut off the agency's funding

source and suspended some supervision](https://www.chaincatcher.com/article/2166629)

Russell Vought, the newly appointed acting director of the Consumer Financial Protection Bureau (CFPB), said he had cut off the agency's new funding source and had allegedly asked staff to suspend all activities.

Vought said in a February 9 X post: "I have notified the Fed that the CFPB will not withdraw the next unapproved funds because it is 'not reasonably necessary' to perform its duties. In the current fiscal environment Next, the agency's current balance of $711.6 million is actually too high."

It is understood that the institution was established to regulate financial companies such as banks and remittance companies and prevent them from participating in abuse and predatory behavior. It also accepts complaints against U.S. cryptocurrency exchanges.

[Jupiter Lianchuang: CAR token deployer has relocked the contract to

ensure irrevocable](https://www.chaincatcher.com/article/2166636)

Jupiter co-founder meow said on the X platform that the CAR token team has verified its deployment through on-chain transactions and relocked the contract to ensure irrevocable.

The team redeployed the initially cancelable contract and tracked key transaction records from minting to locking, while destroying 0.06942 SOL to verify address ownership. In addition, the tokens have been locked as planned, including national development, charity, public offering allocation and team share, among which national development funds have now been changed to irrevocable. All lock-up situations can be publicly queried through Streamflow.

[Slow Fog Cosine: CAR creator funds are sourced from Binance, and nearly

80% of tokens are distributed on 6 creator related addresses](https://www.chaincatcher.com/article/2166651)

Slow Fog founder Cosine posted on social media that the website of Meme Coin CAR cannot be opened, and the website was also registered on Namecheap 4 days ago. CA creator funds come from Binance, and nearly 80% of CARs are mainly distributed on 6 addresses related to the creator, and the locking position cannot be verified.

"What important events have happened in the past 24 hours"

[Alliance DAO founder talk: Solana will eventually win, Bitcoin

Strategic Reserve (SBR) may become a new ETF moment](https://www.chaincatcher.com/article/2166697)

Imran : There has been a lot of things to watch in recent weeks. In the past month, the market has shown a continuous downward trend overall, and I think our sentiment is highly consistent with the performance of the market.

Qiao : The market does seem a bit weak.

Imran : Overall, the market is digesting the impact of the major news released by Trump and the subsequent liquidity injection. As for the short-term trend of the market, I cannot make a clear judgment, but in the medium and long term, I am still optimistic about the market.

[Guess who is smashing

ETH?](https://www.chaincatcher.com/article/2166704)

During this cycle, ETH's performance lags significantly behind the overall market. Some attribute it to "hard car weight", some accused the Ethereum Foundation (EF) of "unworthy position", and Layer 2 It has become the target of criticism from the community again.

On February 9, Andre Cronje (AC), the god of DeFi and the current Sonic co-founder, posted on X, angrily criticizing that Layer 2 made a lot of profits through continuous selling of the sorter, and has become a parasitic for Ethereum. insect.

[Everything you need to know about the CAR issue of the Central African

President](https://www.chaincatcher.com/article/2166646)

DVM View : President of the Central African Republic Faustin Arche Touadéra ( @FA_Touadera ) officially launched $CAR. Within the first two hours of its launch, trading volume reached US$250 million. Currently, this token is regarded as an "experimental" Meme coin. According to tradingeconomics data, the GDP of the Central African Republic is expected to be US$2.5 billion in 2023, while the market value of $CAR has reached US$500 million, equivalent to 1/5 of GDP. The liquidity is low, at only $3.5 million, so the investment risk is relatively high. This phenomenon reflects the new trend of PoliMeme (Political Meme Coin), which is the second similar incident after another president launched the Meme Coin. Judging from the current situation, the launch of $CAR has also brought new growth opportunities to the $SOL ecosystem.

Meme Popular List

According to the market data of Meme token tracking and analysis platform GMGN , as of 20:00 on February 10:

The top five popular Ethereum tokens in the past 24 hours are: BAD, DOGE, SPX , LINK, PEPU

The top five popular tokens in the past 24h are: CAR , jailstool , YODA, WOMP , JAILMURAD

The top five popular tokens in the past 24h Base are: VIRTUAL , AIXBT , MEGA , USD+, BRETT