Berachain Mainnet Launches This Week with Airdrop

Berachain Mainnet Launches This Week with Airdrop

Berachain, the much-anticipated proof-of-liquidity blockchain, will launch its mainnet on February 6, with a token launch and an airdrop eligibility checker. Built on the Cosmos SDK and fully EVM-compatible, the project has gained a cult following for its unique tri-token system and liquidity-first approach.

Pre-launch vaults have attracted over $3.3 billion in deposits, fueling excitement ahead of mainnet. “By enabling dapps to secure liquidity before mainnet goes live, Boyco allows them to skip years of capital-building,” said pseudonymous team member Jack Bearow.

Berachain’s proof-of-liquidity model ties network security directly to DeFi liquidity, rewarding users with staking tokens convertible into its gas token, BERA. Validators reinvest staking rewards into the ecosystem, while users earn fees in the native stablecoin, $HONEY.

Ahead of the launch, Berachain released its “Honeypaper,” outlining the benefits and risks of its novel design. Backed by $100 million from investors like Framework Ventures, the project’s bold “Q5” launch branding is finally going to become a reality.

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World Liberty Financial Moves $300M+ Crypto to Coinbase

Trump-backed World Liberty Financial has transferred over 90% of its crypto treasury, including massive ETH and WBTC holdings, to Coinbase, according to Arkham Intelligence. The movements involved complex routing, with WBTC passing through CoW Swap and ETH sent in batches as large as $95 million, leaving just $82,000 of ETH in the treasury.

While the reasons for the transfers remain unclear, such moves typically signal an intent to sell, especially amid ETH’s recent 50% price surge to over $2,800. Adding intrigue, World Liberty received dozens of small ETH deposits from newly created wallets, coinciding with Eric Trump’s cryptic post: “In my opinion, it's a great time to add ETH. You can thank me later.” The second part was later cut out.

The protocol also offloaded tens of millions in AAVE, ENA, and LINK, funneling assets through anonymous wallets before landing on the exchange. World Liberty’s crypto stash has plummeted from $363 million to just over $33 million following the transactions.

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US States Race to Bitcoin Adoption Ahead of Federal Reserve

While the US government debates the creation of a national Bitcoin reserve, 21 states are already pushing ahead with crypto legislation, with 16 actively considering bills to invest public funds in digital assets. Arizona, Pennsylvania, Utah, and Texas are leading efforts that range from allocating retirement funds to establishing strategic reserves, potentially locking billions in BTC and stablecoins.

Michigan and Wisconsin have already dipped into crypto ETFs, while Alabama, Florida, and Kentucky are on the verge of similar moves. "We anticipate more nation-states, central banks, sovereign wealth funds, and government treasuries will look to establish strategic positions in bitcoin," Fidelity Digital Assets researchers noted, signaling a global shift toward crypto-backed reserves.

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South Korean City to Seize Crypto from Tax Evaders

Gwacheon City in South Korea will launch an electronic asset seizure system next month to track and confiscate crypto from tax evaders, targeting 361 individuals who owe over $12.9 million in unpaid taxes. The system will cross-reference tax records with data from Korean crypto exchanges, with full-scale seizures planned for the first half of the year.

Authorities will issue warnings to encourage voluntary payments before seizing digital assets, aiming to close tax loopholes and ensure fairness. The city has already recovered $75,500 (110 million won) from crypto seizures in 2024, and officials expect the new system to boost enforcement. Failure to settle dues will trigger immediate asset seizures, marking a strong stance against tax delinquency.

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Data of the Day

Bitcoin's market dominance surged to 58.86% on of February 3, up from 51% in December, reflecting a capital rotation from altcoins amid stagnant overall crypto market cap at $3.5 trillion. Despite Bitcoin's price holding steady between $90,000 and $100,000 since November, altcoin weakness has driven its dominance higher, with TOTAL2 dropping from $1.6 trillion to $1.3 trillion.

Legacy tokens like XRP, Litecoin, and LEO bucked the trend, outperforming Bitcoin with monthly gains of 19%, 10%, and 7% respectively, compared to Bitcoin’s modest 3.5% rise. Meanwhile, liquidity fragmentation is intensifying as exchanges like Coinbase and Kraken added around 100 new spot pairs in the past year.

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More Breaking News

• FTX creditors in the Bahamas with claims under $50,000 will begin receiving repayments on February 18, with a 9% annual interest rate on their 2022 value.
• Aave processes $210 million in liquidations without adding new bad debt, demonstrating resilience amid market volatility triggered by Bitcoin’s sharp drop.
• Coinbase urges US regulators to remove barriers for crypto banking, advocating for state-chartered banks to offer custody and execution services.
• Trivago integrates Travala’s 2.2 million hotel listings, enabling crypto payments in Bitcoin, Ethereum, and other digital currencies for global travelers.
• The CFTC questions Crypto.com and Kalshi over Super Bowl LIX derivatives contracts, probing compliance with US regulations for sports event-based wagers.
• Coinbase users lose an estimated $300 million annually to social engineering scams, with crypto sleuth ZachXBT calling for stronger security measures.
• A Satoshi-era Bitcoin wallet moves 50 BTC worth $5 million, originally mined when Bitcoin was valued at just $0.10, sparking speculation in the community.
• US prosecutors charge Canadian national Andean Medjedovic for $65 million hacks on KyberSwap and Indexed Finance, alleging hacking & money laundering.

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