KEYTAKEAWAYS
- DeepSeek achieved remarkable growth with 100 million users in 7 days, reaching 40% of ChatGPT's daily active users within 20 days.
- OpenAI is expanding its European presence by opening its first German office in Munich, citing Germany's technical expertise and market importance.
- Bitcoin's ecosystem shows strong growth with record mining difficulty, while Coinbase leads public blockchain companies with $71.2B market capitalization.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. DeepSeek Surpasses 100 Million Users in 7 Days
According to Jin10, DeepSeek has surpassed 20 million daily active users within 20 days, which is 40% of ChatGPT. After the release of DeepSeek-R1 a few days ago, it experienced a surge in the last week of January, accumulating 125 million users in January (including website and app cumulative without deduplication). Over 80% of users came from the last week, meaning DeepSeek achieved a growth of 100 million users in just 7 days.
2. The Ethereum Foundation transferred 50,000 ETH to a multi-signature wallet for participating in DeFi
According to Foresight News, the Ethereum Foundation has transferred 50,000 ETH, valued at approximately $131.66 million, to a multi-signature wallet intended for participation in decentralized finance (DeFi). This transaction was monitored by Ember three hours ago.
3. BlackRock plans to launch a Bitcoin spot investment product in Switzerland
On the 9th, cryptocurrency-focused media Bitcoin News reported via X (formerly Twitter) that “BlackRock is preparing to launch a Bitcoin spot investment product in Switzerland,” adding that “this could be a catalyst for a significant influx of institutional funds into the European cryptocurrency market.”
4. Ethereum L1 block gas limit increased to 36M
According to a technical update forwarded by Vitalik, Ethereum L1 recently completed a dynamic adjustment of the block Gas limit from 30M to 36M, which increased the L1 transaction throughput by 20% and is expected to reduce transaction fees by 10% to 30%.
5. U.S. CFPB employees protest against Elon Musk
In a significant development at the U.S. Consumer Finance Protection Bureau (CFPB), approximately 100 employees protested outside the agency headquarters on February 8, following website malfunctions that coincided with Elon Musk’s “CFPB RIP” post on X.
The demonstration came amid concerns over Musk’s DOGE agency gaining administrative access to CFPB’s IT systems and potential conflicts of interest, particularly given X’s partnership with Visa for payment services. The situation escalated when Trump-appointed acting director Russell Vought ordered a halt to bank investigations and supervisory activities, while also requesting zero funding for the agency’s third quarter.
The CFPB, established in 2010 after the global financial crisis, has returned over $6 billion to consumers and imposed $3.2 billion in fines during the Biden administration.
NOON NEWS
1. Silicon Valley investors warn DeepSeek may impact NVIDIA’s stock, with more black swan events possible in the next 2-5 months
The founder and managing partner of AMINO CAPITAL from Silicon Valley, Li Qiang, when talking about the appearance of DeepSeek causing Nvidia’s stock price to fall, said, “In another 2-5 months, there may be more black swan events because everyone has high expectations for its stocks. Any so-called black swan event or accident will cause a huge fluctuation in its stock.”
Li Qiang pointed out that “this phenomenon is inevitable in the short term, but in the long run, because it is still leading the way. From the perspective of the big wave of artificial intelligence, it is actually just beginning now. It’s similar to how internet was back in 2000. In the long run Nvidia is still a good company with great potential for development.”
2. As of February 8, publicly listed Bitcoin mining companies hold over 95,000 BTC
The latest data from the encryption research institution HODL15Capital shows that as of February 8, 2025, publicly listed Bitcoin mining companies hold a total of over 95,000 BTC.
Among them, Marathon Digital (MARA) holds the most BTC, with 45,659 coins, followed by Riot Platforms (RIOT) with 18,221 coins, CleanSpark (CLSK) with 10,556 coins, and Hut 8 (HUT) with 10,208 coins. Other major mining companies such as HIVE, FUFU, CANGO, and CANAAN hold less than 3,000 coins each.
3. OpenAI to establish its first German office in Munich
The AI company is expanding its European presence with a new office in Munich, Germany, slated to open in the coming months. According to OpenAI, Germany represents their largest European market for users, subscribers, and API developers.
The Munich office will initially focus on hiring for go-to-market, global affairs, and communications positions, though specific headcount targets weren’t disclosed. This expansion follows OpenAI’s recent office openings in Paris, Brussels, and Dublin, strengthening their foothold in the EU. CEO Sam Altman highlighted Germany’s technical expertise and industrial innovation as key factors in choosing Munich for their first German location.
The company has been in discussions with German officials about this expansion since 2023.
4. Bitcoin network hash rate reaches 852 EH/s (7-day SMA), hitting a new all-time high
On February 8, 2025, the Bitcoin network hash rate rose to 852 EH/s (7-day SMA), surpassing the peak record of 840 EH/s set a few days ago. Among 70 identifiable participants, 19 mining pools control 97.7% of the network hash rate.
5. Uniswap’s TVL may drop out of the top 10, with profitability and capital efficiency still needing improvement
Uniswap TVL slipped to tenth place due to declining yields and transaction migration, and its ranking may continue to fall in the future. According to WuSaid, WuSaid learned that Uniswap TVL has slipped to tenth place and may fall out of the top 10. The top 9 dApps are mainly related to revenue and capital efficiency.
EVENING NEWS
1. Pump.fun co-founder denies rumors of a potential token issuance, despite speculation it may use a Dutch auction model for public sale
Crypto influencer He Bi (@hebi555) reported on February 9 that Pump.fun plans to issue tokens through a Dutch auction model for its public offering. The platform is reportedly working with major centralized exchanges to establish the offering procedures. However, Pump.fun is currently facing a class action lawsuit in the United States, which could potentially impact the token issuance plans.
2. Report: Coinbase holds the highest market cap among 46 publicly listed blockchain companies
Coinbase stands as the largest publicly traded blockchain company, with a market cap of $71.2 billion as of February 8, 2025. This figure places it far ahead of its closest competitor, Galaxy Digital, which holds a market cap of just $6.7 billion – making Coinbase more than ten times larger.
3. Michael Saylor hints at destroying his Bitcoin private keys upon his death
According to Cointelegraph, Michael Saylor hinted that after his death, his Bitcoin private keys will be destroyed to ensure that his Bitcoins will never be sold, calling it a “proportional contribution” to all Bitcoin holders.
4. Bitcoin mining difficulty rises by 5.61% to 114.17 T, setting a new all-time high
Bitcoin mining difficulty increased by 5.61% to 114.17 T, setting a new record. The adjustment occurred at block height 883,008 on February 9 (17:33:07 GMT+8), marking the highest difficulty level to date.
5. University of Waterloo receives $1 million in funding for AI and blockchain research
The University of Waterloo has announced a $1 million (CAD 1.4 million) grant from Interop Labs. This funding will enhance the university’s research capabilities and support the establishment of a new artificial intelligence and blockchain research lab within the David R. Cheriton School of Computer Science. The new facility, named the GENESIS Lab, will offer 12 PhD and 6 undergraduate scholarships through the student-run organization Waterloo Blockchain.
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