Biton Daily News (February 10th)

Hot News:

1. AI Detection Flags Meme Coin Video by President of the Central African Republic as Deepfake, Project's Authenticity Questioned
   According to Cointelegraph, the President of the Central African Republic, Touadéra, announced the launch of an official meme coin, CAR, on the X platform, claiming it as an "experiment" to promote national development. However, the announcement video was flagged as suspicious by two AI deepfake detection tools. According to GMGN data, CAR's market cap has surpassed $700 million. The project's authenticity is being questioned, with AI deepfake detection platform Deepware's two models suggesting a high likelihood of the video being a deepfake, with one model indicating an 82% probability.

2. Texas Bitcoin Reserve Bill Submitted to Senate Finance Committee for Review
   The Strategic Bitcoin Reserve bill for Texas has recently been read and submitted for review by the Senate Finance Committee. Senate Bill 778, proposed by Senator Charles Schwertner, suggests the establishment of a state-controlled Bitcoin reserve as financial security, further solidifying Texas’ role in digital asset innovation.

Key Data:

1. Public Companies Currently Hold 622,735 BTC, Nearly 3% of Total Supply
   As of now, public companies collectively hold 622,735 BTC, valued at $59.82 billion, which represents 2.965% of the total supply of 21 million BTC.

2. Circle Issues Additional 250 Million USDC on Solana Blockchain
   According to Solscan, Circle issued an additional 250 million USDC on the Solana blockchain this morning, bringing the total USDC issued on Solana this year to 7 billion.

Project Updates:

1. Report: Coinbase Has the Highest Market Cap Among 46 Public Blockchain Companies, Ten Times Larger than Second-Place Galaxy Digital
   A recent report by CoinGecko reveals that there are 46 publicly listed blockchain companies to watch, with most listed on Nasdaq. The largest by market cap is cryptocurrency exchange Coinbase (COIN), at $71.2 billion, far surpassing second-place Galaxy Digital (GLXY), which has a market cap of $6.7 billion. Coinbase's market cap is more than twice the total market cap of the next nine largest blockchain companies, which stands at $33.2 billion.

2. DeepSeek Clarifies Not Issuing Cryptocurrencies, Causing the Price of Fake Tokens to Crash
   After DeepSeek officially clarified that they had never issued any virtual currencies, several fake DeepSeek tokens saw their prices rapidly “crash.” Numerous tokens named "DeepSeek," "DeepSeekAI," and "DeepSeekR1" are now inactive, with one fake DeepSeek token called “Seek” reaching a market cap of $48 million before its collapse. According to security company BlockAid, 75 fake DeepSeek tokens have been created on Ethereum and Solana networks, with total fraudulent amounts reaching 420 million RMB.

Other Major News:

1. US Foundations and University Endowments Join Crypto Investment Rush, Seeking Bitcoin Portfolios
   Cryptocurrency venture funds report that several years ago, endowments and foundations were cautious about crypto investments but are now pouring in large amounts of money. Pantera Capital, a leading VC fund focused on California digital assets, has seen its number of endowment and foundation clients grow eightfold since 2018. Yale University’s endowment was one of the first to invest in crypto venture funds back in 2018 when Bitcoin’s price was less than one-tenth of what it is today.

2. FOX Reporter: Most Large US Crypto Companies Will Not Advertise During Super Bowl This Year
   FOX Business reporter Eleanor Terrett posted on X: “I’ve learned that most major US cryptocurrency companies won’t be advertising during the Super Bowl this year. However, we may see some ETF-related commercials since they missed the approval deadline to buy ad slots last year. These slots are typically sold out by October/November. FOX sold out all ad slots by early November this year.”