Crypto Data and Research Reports

Ethereum EIP-8025 allows zkAttesters to validate blocks by verifying zk proofs without re-executing every transaction. The first L1 zkEVM workshop is set for February 11, 2026, covering witness standards, CL integration, and prover setup. Ethereum is planning a change to how block validity c

At the Consensus HK Conference, Gate hosted a networking event focusing on the integration of RWA and TradFi assets. CEO Dr. Han stated that multi-asset collaboration will drive industry expansion. Gate is also expanding TradFi products, supporting multiple asset transactions with leverage of up to 500x, demonstrating its liquidity integration advantages.

On February 11, news reports indicate that since 2026, Ethereum (ETH) has continued to weaken, with a total decline of over 30% this year, and the price has once fallen below the $2,000 mark. The latest data shows that ETH is currently trading at approximately $1,971. The main holding groups—including long-term accumulated addresses and ETF investors—have all entered an unrealized loss zone, but there has been no panic outflow of funds. The market presents a complex pattern of “price pressure and stable chips.” On-chain analyst CW8900 pointed out that the current ETH price has fallen below the realized average price established during the whale accumulation period since June 2025, indicating that a large number of core addresses are in floating loss. Meanwhile, the on-paper loss of the world's largest Ethereum vault, BitMine, has exceeded $7 billion. However, data shows that these addresses have not withdrawn en masse; instead, they have continued to add positions at low levels.

On February 11, experts stated that the tokenization of real-world assets (RWA Tokenization) is still in the early stages of market hype, but its long-term potential is being accelerated and validated by traditional financial institutions and blockchain companies. As public blockchain infrastructure like Ethereum gradually matures, asset onboarding is being viewed as a vital part of the future financial system. Min Lin, Managing Director of Global Expansion at Ondo, pointed out at the Hong Kong Consensus Conference that the US Treasury bond market alone is valued at $29 trillion. When combined with the global stock market, the total scale approaches $127 trillion, with the US accounting for about $69 trillion. This scale means that even a very small percentage of assets going on-chain is enough to trigger a structural change in the entire crypto financial ecosystem.

On February 11th, news broke that on its first day of launch, the Monad platform quietly demonstrated "platform-level" trading capabilities on the Solana network. According to statistics from Sunrise DeFi writer shaddwfax, the on-chain trading volume of MON on Solana, when compared to traditional crypto trading platforms, would rank in the top five globally on that day, second only to a few leading platforms. This performance quickly sparked a reevaluation in the market of Solana's high-throughput public chain and its DeFi liquidity capacity. Data shows that the initial trading volume of MON on Solana was approximately $97 million, not a slow accumulation but a rapid surge within a short period. Within 24 hours of launch, its trading volume exceeded that of early Hyperliquid MON trades by over 122%, making Solana the core battleground for this round of price discovery. Even more noteworthy, within just 48 hours, the network completed over $400 million in related transactions, with nearly 360,000 total trades, demonstrating large-scale participation of real users and real funds.

On February 11, it was reported that in the latest episode of the All-In Podcast, CZ and renowned investor Chamath Palihapitiya proposed a disruptive view of market perception: the most serious issue in cryptocurrency today is not price volatility, ETF approval, or regulatory disputes, but the lack of native privacy at the protocol layer. They believe this flaw is becoming a core obstacle preventing crypto assets from truly mainstream adoption. Chamath pointed out that while Bitcoin's public ledger enhances system credibility, it also destroys "homogeneity." Every transaction can be traced, meaning each Bitcoin carries a complete history and cannot circulate freely like cash. When combined with KYC mechanisms, blockchain records become permanently linked to real identities, significantly weakening anonymity.

February 11 News, as the largest stablecoin by market capitalization, USDT has recently shown rare signals. Its market cap growth, after expanding for two consecutive years, has turned negative for the first time, sparking market concerns about a weakening mid-term trend. Multiple on-chain indicators show that changes in stablecoin supply are becoming a key reference for measuring risk appetite and liquidity in the crypto market. Data shows that the 60-day moving average of USDT market cap change, as reported by CryptoQuant, turned negative in February. The last time a similar situation occurred was in the third quarter of 2023. Historical charts indicate that when USDT supply continues to grow, new liquidity often flows into crypto assets; when the growth rate is negative, it suggests funds are more inclined to withdraw from the market rather than wait for a rebound. Analyst Crypto Tice pointed out that a contraction in purchasing power weakens downside support, making short-term rebounds more susceptible to selling pressure.

February 11 News, privacy cryptocurrency Zcash (ZEC) continues to weaken amid rising market risk aversion, with a decline of over 25% this month. In January, ZEC plummeted more than 41%, continuing its downward trend since 2026. As of press time, ZEC is priced at approximately $227.22, down another 4.29% in the past 24 hours. Looking back at its trend, ZEC once surged over 440% in October 2025 against the trend, becoming one of the few strong assets at that time. Despite volatile fluctuations in November and December, it ultimately closed slightly higher. However, after entering 2026, global risk assets came under pressure, coupled with rumors of Electric Coin Company (ECC) parting ways with Bootstrap, which significantly cooled market sentiment and led to continuous selling pressure on ZEC.

Success in crypto often carries an unexpected cost. Networks that attract heavy usage can become victims of their own growth when fees rise, and everyday activity becomes difficult. That painful pattern shaped Ethereum during its busiest period, when congestion and expensive transactions

Odaily Planet Daily reports that, according to Token Terminal data, the Ethereum staking rate has exceeded 30%, reaching a new all-time high.

Gate News bot message, FTX/Alameda has unstaked 196,611 SOL tokens, with a total value of $15.97 million. The unstaking operation involves a significant amount of Solana tokens previously locked in staking.

On February 11, it was reported that the US spot Bitcoin ETF recorded net capital inflows for the third consecutive trading day, attracting approximately $167 million on Tuesday. The total inflow for this week has reached $311.6 million, nearly offsetting last week's outflow of $318 million. Previously, these products experienced three consecutive weeks of negative inflows, with total outflows exceeding $3 billion. Although Bitcoin's price has fallen about 13% over the past seven days and briefly dropped below $68,000, capital movement indicates that there has been no large-scale withdrawal by institutions. Several analysts pointed out that recent selling pressure has significantly eased, and the ETF capital curve shows signs of stabilization, with market sentiment gradually recovering.

Gate News bot message, Whale 0x28eF staked 60,073 ETH valued at $117.08 million. Three days ago, this whale purchased 60,784 ETH worth $126 million. According to earlier reports from Lookonchain on February 8, 2026, the whale withdrew 60,784 ETH ($126 million) from centralized exchanges over a 30-h

Pantera Capital Managing Partner Paul Veradittakit stated at Consensus 2026 that the firm manages assets worth $6 billion, with 2025 marking a record high in capital deployment. Although crypto trading volume declined, venture capital funding increased by 14%, and institutional Bitcoin holdings rose to 15%. Veradittakit predicts that 2026 will be the "Year of Utility" for cryptocurrencies, with investments focusing on AI and crypto integration, tokenized assets, and other areas. He recommends developers prioritize product fit and sustainable development.

Shiba Inu remains under intense bearish pressure, but fresh on-chain data shows exchange reserves have shrunk massively from 82 trillion last month. The rapid decline in Shiba Inu’s exchange reserve has sparked debate over how the shift could influence SHIB’s price action. Key Points Shiba Inu

In 2026, Chinese meme coins have continued from the end of 2025, with BNB Chain DEX trading volume peaking at over $6 billion. Binance leads the way, with Hachimi, DORA, Wo Tma Lai Le, and Snowball closely behind. Unlike Western meme coins, Chinese meme coins emphasize language-specific humor. Four.meme's daily Twitter posts exceed 20,000 coins, dominated by BNB Chain, with Solana and Base playing secondary roles.

BitMine Chairman Tom Lee stated at the Consensus 2026 Conference that if Ethereum reaches $1890 again, it will form a perfect bottom. He pointed out that since 2018, Ethereum has experienced 8 declines of over 52%, and all 8 previous declines resulted in V-shaped bottom reversals. Last year, Ethereum dropped 64% from January to March and recovered at the same speed.

The tokenized commodity market has increased by 53% in six weeks, reaching $6.1 billion, as gold transfer onto the blockchain makes it the fastest-growing vertical in the real-world asset tokenization market. By early 2026, the tokenized commodity market is valued at just over $4 billion, with gold products dominating the market. Tether Gold and PAX Gold listed by Paxos account for over 95% of the share, with growth outpacing tokenized stocks and funds.

Ethereum has fallen over 30% since the beginning of the year, with the price dropping below $2,000 and trading prices below the average entry price of accumulated addresses and ETF holders. BitMine's unrealized losses have surged from $6 billion to $7 billion, but on Tuesday, they still bought 40,000 ETH and staked 140,400 tokens, with total staked amount reaching 2.97 million. Despite the losses, the net holdings of exchanges have turned negative, indicating withdrawals exceeding deposits, and Ethereum whales continue to increase their holdings.

BlackRock Bitcoin ETF (IBIT) options trading volume surges, becoming the ninth-largest options trading platform in the U.S. As of February 10, there are 7.33 million IBIT contracts active or open interest, ranking ninth among options linked to U.S. listed stocks, ETFs, and indices. The open interest of options linked to the SPDR Gold ETF is 6.44 million contracts, lower than IBIT.