ETH falls below the $2700 mark

According to BlockBeats, on February 7th, Binance founder CZ initiated a vote in X on whether BNB Chain should attempt to eliminate or actively reduce MEV issues.

BlockBeats News: On February 7th, according to official sources, Stacks announced that it is the fastest-growing developer ecosystem ranked 7th according to Electric Capital data. Meanwhile, Stacks is the 24th largest asset in the Coinbase Coin50 Index; Stacks is the third asset launched by Grayscale Trust; Stacks allows users to earn native Bitcoin profits by staking STX.

Matrixport pointed out in the report that many traders may make emotional trading decisions, but Bitcoin always responds rationally to macroeconomic, monetary, and liquidity events. After Trump's victory in November 2024, both Bitcoin and altcoins surged due to market expectations that he would establish strategic Bitcoin reserves and position the United States as a global cryptocurrency center. However, the hawkish tone at the December FOMC meeting suppressed liquidity expectations. Market sentiment remained strong before Trump's inauguration on January 20th, but uncertainty gradually increased thereafter. Unlike the new DeFi cycle in the bull market of 2020/2021, the era of memes and Pump.fun has arrived. The two main beneficiaries of the Pump.fun meme craze are Solana and Ravdium, but as daily trading activity declines, the hype driven momentum quickly fades away. In the past 30 days, the daily issuance of memes on Pump.fun has decreased by 16%, indicating a weakening of speculative interest. A key factor contributing to this slowdown is the Trump meme, which has attracted a large number of retail investors to enter and purchase at unfavorable prices. Despite the recent surge in Ravdium (RAY) prices, there has been a significant trend: the number of wallets holding over 10000 SOLs has sharply decreased in the past two months, indicating that major players are shipping and may suppress the continued rise in SOL prices. However, this may also indicate that early whales who accumulated SOL before the end of the 2023 meme cycle are now cashing out and reallocating their earnings to Bitcoin. This round of movement can explain why Bitcoin remains resilient despite the overall downturn in the Shansai coin market.

According to BlockBeats, on February 7th, the Indian cryptocurrency trading platform WazirX officially announced that it is migrating funds from its existing cold wallet to a new wallet for better fund management, increased accessibility, and improved operational efficiency.

BlockBeats News: On February 7th, according to official sources, the Matrix Layer Protocol (MLP) platform announced the official launch of its AI investment advisory service. This product integrates blockchain and artificial intelligence technology to provide users with professional cryptocurrency market investment advice. At the same time, it integrates advanced DeepSeek data analysis technology to provide intelligent decision support that is more in line with the cryptocurrency market. The newly launched AI investment advisory service offers three subscription options: Experience version: 100 MLP/100 times; Daily version: 1000 MLP/1100 times; Professional Advanced Version: 10000 MLP/12000 times. Among them, MLP is the ecological token of the project, which has been launched on (Gate. io). The usage limit of the professional advanced version is equivalent to two months of service volume of mainstream AI products in the market, providing highly cost-effective solutions for heavy users. This service adopts differentiated pricing strategies for different user groups, and newly registered users can receive the benefit of 100 free conversations. Users with higher demand for deep data mining and professional analysis of the encryption market can choose the professional advanced version. MLP stated that integrating DeepSeek technology enables our AI investment advisors to better fit the characteristics of the cryptocurrency market, providing users with more accurate and forward-looking investment decision support. At present, the service has officially opened for recharging and use.