esp

According to the official announcement, Binance users with Alpha Points greater than or equal to 240 can participate in this Prime Sale event through the Alpha activity page. Participating in this event will consume 15 points.Please note: This Prime Sale event supports refunds. The claiming period for this Prime Sale is 24 hours (until February 11, 2026, 22:00 UTC+8), and claims made after this period will not be accepted. The BNB and Alpha Points staked by users who do not claim will be automatically refunded to your participation wallet within 7 working days.

According to the official announcement, Bybit has launched ESP (Espresso) pre-market trading, with a maximum leverage of 10x. The trading start time is February 10, 2026, at 18:10 (UTC+8).

According to the official announcement, Binance will launch pre-trading for the ESP USDT perpetual contract.

According to on-chain analyst Yu Jin's monitoring, in the past 8 hours, two addresses opened the largest ETH positions by value on Hyperliquid, one long and one short:Address 0xa5B0...1D41 went long with 60,000 ETH (position value of 12.2 million USD), opening price at 2,060 USD, liquidation price at 1,329 USD.Address 0x15a4...dfdb went short with 30,000 ETH (position value of 6.1 million USD), opening price at 2,024 USD, liquidation price at 2,143 USD.

According to official news, Binance has announced the subscription details for the Espresso (ESP) token Prime Sale event.This subscription adopts an oversubscription model, with a subscription limit of 3 BNB per user. Token allocation will be proportional to the total amount of BNB deposited by all participants. After the Pre-TGE phase, users can claim ESP Key (BSC), and ESP tokens will be airdropped to Binance Alpha accounts on the day of TGE, allowing users to trade.The subscription period is from February 10, 20:00 to 22:00, with a total subscription amount of 3.75 million USD (paid in BNB), totaling 53.85 million ESP (accounting for 1.5% of the total supply), with a subscription price of approximately 0.069638 USD per ESP (paid in BNB).

Binance Wallet announced on social media that the sixth Pre-TGE Prime Sale will launch Espresso (ESP) on February 10th from 20:00 to 22:00.Eligible users must hold Binance Alpha points. The specific rules for Pre-TGE and the event entry page will be announced soon.

Co-founder of Story Protocol, SY Lee, responded to the project's postponement of the first large-scale IP token unlock to August 2026, stating that the blockchain network still needs "more time" to build real use cases. This postponement lasts for 6 months, during which the team and investors' tokens will remain locked to reduce short-term circulation pressure.SY Lee mentioned that the current on-chain revenue being close to zero does not accurately reflect Story's business status, as its business model does not rely on gas fees, but instead provides licensing services for human-generated data to AI training in an off-chain manner.He pointed out that the project is shifting from tokenized media content to "non-scrapable" human contribution data and enterprise-level licensing collaborations. While this adjustment reduces short-term visible on-chain revenue, it helps to release long-term commitments and alleviate token supply pressure.

Huobi founder Li Lin stated that he is neither an investor in LD nor Garrett Gin, and that he has not reduced his holdings in Bitcoin or Ethereum during this market cycle, adding that external parties should not associate related market rumors with him.He mentioned that he has taken a break for many years, but still needs to clarify related rumors almost every year.

CryptoQuant analyst Darkfost published an analysis stating that as Bitcoin's price gradually retraced from its historical high in October to around 50%, the amount of stablecoins flowing into exchanges is increasing. By the end of December 2025, the weekly average inflow of stablecoins (7-day moving average) had dropped to $51 billion, reflecting a lack of demand faced over the past few months. Today, the inflow has reached $98 billion, doubling and just surpassing the 90-day average of $89 billion.This indicates that the pace of capital deployment has accelerated in recent weeks, and the market clearly needs funds. Although the selling pressure in the market remains too high and has not been fully digested, this is still a positive signal as it suggests that investor interest is gradually recovering.

According to Onchain Lens (@OnchainLens), as the cryptocurrency market prices decline, the assets held by Michael Saylor's Strategy and Tom Lee's Bitmine are facing significant paper losses.When the BTC price fell below $61,000, the Bitcoin assets held by Strategy faced a paper loss of over $10.16 billion. At the same time, as the ETH price dropped below $1,800, the Ethereum assets held by Bitmine faced a paper loss of over $8.65 billion.

According to market news, there are still ETH bulls buying.Longling Capital's associated address withdrew 8,500 ETH from Binance 9 hours ago, worth $17.51 million, at a withdrawal price of $2,059.55. The CVault Finance deployment address bought 4,431.77 ETH through Uniswap 2 hours ago, worth $8.17 million, at a cost of $1,844.78.

The Polymarket team member shampoo accused competitor Kalshi on social media of inflating its esports trading volume through data manipulation. shampoo stated that the platform artificially increased its trading volume by approximately $1.7 billion by adding a generalized "esports" category, while actual data shows its esports trading volume is only about $63 million, less than 10% of Polymarket's esports trading volume.Additionally, Kalshi also referred to the CS market as both CS:GO and CS2 for double counting.shampoo mentioned on social media that users can verify this situation themselves by checking the API data in the network requests.

According to official news, Gate Alpha will launch the 156th phase of the ETF token XAU3L special points airdrop on February 5 at 17:00 (UTC+8). This airdrop will adopt a tiered airdrop model with high, medium, and low levels. Users holding 100 ≤ Gate Alpha points ≤ 159 can receive 4 XAU3L (claiming 0.1 KDK) airdrop tokens, consuming 11 Gate Alpha points; users holding 160 ≤ Gate Alpha points ≤ 181 can receive 10 XAU3L (claiming 0.2 KDK) airdrop tokens, consuming 13 Gate Alpha points; users holding ≥ 182 Gate Alpha points can receive 20 XAU3L (claiming 0.3 KDK) airdrop tokens, consuming 14 Gate Alpha points.The top 4 cryptocurrencies by growth rate on Gate Alpha today are: TRVL (219.42%), CANG (139.82%), Buttons (124.24%), and FINA (92.71%).Gate Alpha now supports popular public chains such as SOL, ETH, Gate Layer, BNB Chain, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and enables seamless trading of tokens across all chains through the contract address search function, facilitating cross-chain trading and allowing users to access on-chain tokens with one click.

According to official news, Coinbase's listing roadmap has added Rainbow (RNBW), RaveDAO (RAVE), Aztec (AZTEC), and Espresso (ESP).

Ethereum co-founder Vitalik Buterin recently stated that the initial idea of using L2 as the main scaling engine for Ethereum is no longer reasonable, and he called for second-layer networks to evolve towards stronger specialization. This statement quickly prompted responses from mainstream L2 teams such as Arbitrum, Optimism, and Base.Vitalik pointed out that many L2s still rely on multi-signature bridges and have not fully inherited Ethereum's security; at the same time, with the increase in gas limits and the advancement of native Rollup solutions, the throughput capacity of the Ethereum mainnet itself is strengthening. Against this backdrop, the positioning of L2 needs to be rethought.Karl Floersch, co-founder of the Optimism Foundation, stated that he supports building a modular L2 that covers the entire decentralized spectrum, but also admitted that there are still real challenges such as long withdrawal periods, immature Stage 2 proof mechanisms, and insufficient cross-chain tools.Steven Goldfeder, co-founder of Offchain Labs, the developer of Arbitrum, emphasized that scaling remains the core value of L2. He believes that even if the Ethereum mainnet's capabilities improve, it will be difficult to replace L2's role in handling thousands of TPS during peak times, and warned that if Ethereum is unfriendly to Rollups, institutions may choose independent Layer 1s instead.Jesse Pollak, head of Base, stated that scaling Ethereum L1 is beneficial for the entire ecosystem, while agreeing that L2 cannot just be a cheaper version of Ethereum. He pointed out that Base is forming its own characteristics through application layer differentiation, account abstraction, and privacy features.Additionally, StarkWare CEO Eli Ben-Sasson hinted on social media that ZK-native L2s (such as Starknet) have, to some extent, aligned with the specialization direction proposed by Vitalik. Overall, L2 builders generally accept the trend of de-homogenization and repositioning, but there are still divergences on whether scaling remains a core mission.

According to Cointelegraph, after Ethereum co-founder Vitalik Buterin commented that "the original vision of Layer 2 as the primary scaling engine is no longer applicable," several L2 builders responded, generally agreeing that Rollup needs to move beyond the positioning of "a cheaper Ethereum," but there are disagreements on whether scaling should still be its core role.Optimism co-founder Karl Floersch welcomed the challenge of building a modular L2 stack that supports "full-spectrum decentralization," while acknowledging that there are still major obstacles such as long withdrawal periods, second-stage proofs not being production-ready, and insufficient cross-chain application tools. He supports the native Rollup precompiled solutions emphasized by Buterin.Steven Goldfeder, co-founder of Arbitrum developer Offchain Labs, took a firmer stance, arguing that although the Rollup model has evolved, scaling remains the core value of L2. He pointed out that Arbitrum was not built as "a service of Ethereum," but because Ethereum provides a highly secure and low-cost settlement layer, making large-scale Rollups possible. He warned that if Ethereum is seen as hostile to Rollups, institutions might choose to launch independent Layer 1 chains instead of deploying on Ethereum.Base head Jesse Pollak stated that scaling Ethereum L1 is "a victory for the entire ecosystem," agreeing that L2 cannot just be "a cheaper Ethereum." He mentioned that Base is differentiating itself through applications, account abstraction, and privacy features, and is working towards decentralization in the second stage.StarkWare CEO Eli Ben-Sasson hinted that some ZK-native L2s (like Starknet) believe they already fit the specialized role described by Buterin. The entire Ethereum ecosystem is facing a roadmap adjustment: the base layer aims to enhance its capabilities, while L2 is repositioning itself as a dedicated environment serving different technical needs.

BitMine Chairman Tom Lee recently responded to market doubts, denying that the company's substantial unrealized losses in Ethereum reserves would create a "ceiling" on future ETH prices. He stated that experiencing unrealized losses during a market downturn is an "intrinsic characteristic of the Ethereum reserve strategy, not a design flaw."Previously, some commentators claimed that BitMine's holdings of ETH had incurred approximately $6.6 billion in unrealized losses and believed that these ETH would eventually be sold off, thereby suppressing prices, even describing Lee as the "exit liquidity" for early ETH holders. In response, Lee countered that such views "misunderstand the operational logic of Ethereum reserve companies," emphasizing that BitMine's goal is to track and outperform ETH performance over complete market cycles, rather than engage in short-term trading.Data shows that over the past month, ETH prices have dropped nearly 30%, and BitMine's stock price has also fallen by about 30% during the same period. Currently, BitMine holds approximately 4.285 million ETH, accounting for about 3.5% of the circulating supply, making it the largest publicly listed Ethereum reserve company by known scale. Its holdings' market value had approached $14 billion at the end of 2025 and the beginning of 2026, before declining to below $10 billion with the market correction.Lee compared the current situation to an index ETF, stating that experiencing unrealized losses during a systemic downturn is a normal phenomenon, not a strategic failure. The debate surrounding Ethereum reserve companies has also intensified: critics argue that large reserve companies could become a potential source of selling pressure, while supporters emphasize that they are closer to long-term, index-like exposure tools.From a valuation perspective, as the market weakens, most ETH reserve companies' stock prices have fallen below their crypto asset net value (mNAV), which objectively suppresses the motivation for low-priced capital raises and limits dilution risk. Supporters believe that this mechanism acts as a "natural circuit breaker," reserving ammunition for the next cycle.

According to market disclosure data, Bitmine, the ETH treasury company, has an unrealized loss of up to $6.6 billion in its ETH holdings. The company's chairman, Tom Lee, responded on the X platform, stating that some market views misunderstand the operational logic of the Ethereum treasury. Bitmine's core goal is to track ETH prices and strive for outperformance over a complete market cycle. It is normal for ETH prices to decline in sync during a downturn in the crypto market.The "unrealized losses" in ETH holdings that Bitmine is experiencing at this stage are not a systemic flaw but rather a part of the product design. He also questioned whether similar criticism should be directed at index ETFs that incur losses during downturns.Tom Lee previously emphasized that Bitmine has no liabilities, and given the strengthening fundamentals of Ethereum, the recent market pullback is "very attractive." In the long term, Ethereum will still be an important infrastructure for the future financial system.

According to Onchain Lens monitoring, HyperLiquid is witnessing a whale battle between longs and shorts. The whale "0x8d0" deposited 3 million USDC and opened a BTC long position with 20x leverage, despite having previously lost over 11 million dollars. The whale "0x218" deposited 5.2 million USDC and opened a BTC short position with 14x leverage, having previously made a profit of 10 million dollars.

According to Gate market data, the S&P 500 index opened up 12.98 points on February 3 (Tuesday), an increase of 0.19%, reporting at 6,989.42 points; the Nasdaq Composite index opened up 51.84 points, an increase of 0.22%, reporting at 23,643.95 points; the Dow Jones index opened up 147.43 points, an increase of 0.3%, reporting at 49,555.09 points.