EdEden

Galaxy Digital-related address deposited 200,000 SOL into an exchange within 5 hours, valued at approximately $16 million.
ForesightNewsFeb 12, 2026
#Crypto Stocks MAG7.SSI+1.27% $SOL +0.69% $OKB+3.65%
According to Lookonchain monitoring, a Galaxy Digital-related address deposited 200,000 , worth approximately $16.00 million, to Binance, OKX, and Bybit in the past 5 hours.

@Plasma $XPL
The Ark and the Long Drift
Crypto's story begins in 2008, amid the global financial crisis, when trust in the traditional financial system collapsed almost overnight. In that moment, Satoshi Nakamoto released the Bitcoin whitepaper — and built an ark for the world.
Its design was simple but radical: no trusted intermediaries, self-custodied private keys, true ownership of assets, and a new way to reconstruct trust through blockchain technology. From the very beginning, this technology was meant as a gift to ordinary people — not a tool for Wall Street.
To those who believe in technology’s development to reshape the world, AI and blockchain represent two foundational forces: one redefining productivity, the other reshaping the very structure of economic relationships — together forming the bedrock of the next twenty years.
Seventeen years later, this ark called Crypto began to drift off course, lost in fog and noise. Bitcoin had grown into a giant, yet the industry’s center of gravity quietly shifted.
While AI was reshaping productivity at an exponential pace and opening new frontiers of real value, crypto narrowed itself into an increasingly explicit game of liquidity speculation. As meaningful innovation stalled, doubts grew about whether blockchain still held relevance beyond its own ecosystem. By 2025, that divergence was no longer theoretical. U.S. equities expanded as an asset class where technological progress translated into company performance and rising asset values, while crypto remained locked in a closed-loop contest for liquidity, unable to spill into the broader economy.
Inside the industry, the shift was even more stark. Exchanges systematically promoted products with extreme leverage. The implicit goal was no longer to improve trading efficiency, but to increase the likelihood of liquidation. Gradually, the nature of gambling overtook that of a trading platform.
At the same time, project teams turned away from users. Their primary audience became exchanges, market makers, and venture capital firms. User value nearly vanished from the equation. Token issuance ceased to be an act of asset listing and became the opening of yet another betting table. Asset quality lost relevance. The only remaining question was whether more participants could be drawn in to place their trades.
What crypto technology once sought to achieve was clear. It aimed to reshape economic relationships, reduce centralization, and move toward a more equitable system. During this phase, those ideals were reduced to a facade. The most primal form of desire-driven business, the casino, took center stage and used the language of blockchain as a convenient shield.
Can Blockchain Still Shape the World, or Has It Lost Its Way?
When building became an object of ridicule and speculation rose to dominance, what unfolded was not value creation through technology, but the acceleration of entropy in its name. The drift reached its peak inside a mirage of false prosperity.
And yet, false prosperity is always destined to an end.
In October 2025, a long-accumulated liquidity bubble, detached from fundamentals, began to rupture in a chain reaction triggered by an unexpected technical failure. Over the following months, crypto assets entered their darkest period, moving in stark divergence from every other major asset classes.
Figure 1: Bitcoin underperforming traditional assets and decoupling from Gold since October 2025. Data Source: SoSoValue
As the mirage evaporated, it left behind more than disillusionment. Hard realities surfaced. But vast amounts of noise disappeared with it. Excess burned off. False signals collapsed. What remained was no longer obscured.
For the first time in a long while, the course ahead became clear again.
Thus, this moment may be both the worst of times and the best of times. In the quiet morning after the fog lifts, committed builders can recognize one another more easily. Only by moving forward together can the ark return to its intended course and sail toward a brighter future.
We believe that blockchain will truly change how humanity establishes trust, and its first destination must be the finance industry. By rebuilding the financial system, we can offer more people around the world, and all forms of participants, even including AI agents, an equal entry point into financial life.
SoSoValue’s Origins and Its Mission to Serve Global Crypto Investors
SoSoValue did not begin as a consumer product. It began as an internal research tool.
The motivation was simple and uncompromising. We were a team focused on investing in technology. Like many capital market survivors who were not crypto native, and who had been shaped by cycles, fundamentals, and hard-earned common sense, we were drawn in by the belief that blockchain could change the world. We wanted to invest in crypto for the long term. Instead, we found a decision environment so chaotic and so structurally different that it broke our existing research framework.
Information was fragmented and difficult to verify. Social media mixed facts with opinions until they became indistinguishable. The same concept could mean entirely different things depending on whether it was interpreted through the lens of an engineer, a financier, a marketer, or a gambler. That was the moment we realized the industry was still early. And if we wanted clarity, we would have to build our own filters. When ChatGPT arrived, we finally had the missing piece that allowed us to turn research needs into working tools at speed.
At first, the tool was shared only among friends. But in the open spirit of blockchain, we made it freely available to the community. Even product name came from a casual chat. "After using the research filters, seems most cryptocurrencies had no real value, just so so." We laughed, then we kept the name. SoSoValue became a reminder to stay disciplined, to keep filtering noise through research, and to remember a simple truth. In every era, real value is rare. It must be tracked, uncovered, and sometimes created.
In early 2024, a mainstream opportunity found us for the first time. From a research perspective, we believed a Bitcoin spot ETF was highly likely to be approved. It would not only help reduce Bitcoin’s volatility, but could also become the key channel connecting equity markets and crypto markets, reshaping the industry’s structure. We launched the world’s first Bitcoin spot ETF dashboard. We also became the first platform to systematically define and track net inflows and net outflows as a core metric. The market response exceeded everything we expected. By helping users truly see where capital was moving, we earned our first million high-quality, real users.
From there, our vision and mission became clear. Enable crypto investment for the global masses. Put investors at the center. Use AI and blockchain to build a platform that reduces noise, increases efficiency, and makes investing more accessible, with investor interest as the first principle.
As our vision solidified and our path sharpened, more like-minded experts joined us. They came from blockchain infrastructure, DeFi product design, trading systems, asset issuance, and investment banking. At the same time, the community grew stronger. It became a journey that was demanding, yet deeply joyful. First-principles discussions across disciplines forced ideas to collide and evolve. Along the way, we learned constantly from the people beside us. Because we were not obsessed with rushing to an outcome, we could stay focused on the long work: identifying real pain points, understanding real user needs, and refining infrastructure and products until they could carry weight.
Today, with the full opening of SoDEX, we have finally completed the foundational map of SoSoValue’s product landscape.
Why Build SoDEX?
SoSoValue, SSI(SoSoValue Index), and SoDEX were not born from random inspirations. They emerged from a step-by-step reasoning process grounded in the real pain points of the industry.
The first problem we set out to solve was information asymmetry. SoSoValue Terminal was where we achieved our first product market fit, and it became the foundation of our user base. Whether in traditional finance or in crypto, the core issue has always been the same. The signal-to-noise ratio is too low.
SoSoValue Terminal offers investors a free and professional filter for noise. It integrates the analytical frameworks used by experienced investors, structures information across key dimensions, and tracks what truly matters. The goal is simple. Every crypto investor should have access to information services at the level of Wall Street, and information itself should be more evenly distributed. From launching the industry’s first Bitcoin spot ETF dashboard to reaching tens of millions of real users, the market response confirmed a clear demand for reliable and high-certainty information.
Understanding information, however, is only the first step. Once investors see clearly, they need asset allocation. SSI became our second validation of product market fit, this time in passive investing. With research as the foundation, the next challenge is translating insights into sustainable returns — through a long-term, risk-aware asset allocation framework. Our ambition is to grow alongside our users for the next twenty years. Financial history is clear on one point. Most investors are not equipped to consistently outperform the market. What they need is beta exposure, not alpha gambling.
That insight led us to launch the SSI protocol, the SoSoValue Index. Built on data from our platform, SSI decentralizes the power to define assets and turn outstanding portfolio strategies into tradable indices. For users, it means allocating capital as easily as buying an ETF, with portfolios constructed by top researchers. For researchers, it means publishing indices through data and methodology, and becoming fund managers in Web3. The result is a richer, more transparent set of onchain portfolios, and a step toward building an onchain equivalent of Vanguard, where capable and principled individuals can manage assets through a shared trust infrastructure.
In less than a year, SSI reached nearly five hundred thousand onchain holders, with more than half holding Mag7.ssi. This confirmed a deeper truth. Users are not just looking for data. They are looking for assets that can endure across cycles. That clarity led to our second objective. To help users allocate and manage assets onchain while pursuing long-term compounding.
The final challenge was scale. Asset issuance onchain does not scale easily, and this bottleneck gave rise to SoDEX. When SSI operated at a smaller scale, a combination of Layer 2 solutions and third-party AMM models was sufficient. But once we aimed to expand product categories, increase scale, and deliver to a broader audience, the limits of existing infrastructure became unavoidable. Ease of purchasing, efficiency of index composition, onchain liquidity, and capital efficiency for market makers all became hard constraints.
We needed a high-performance onchain platform built around an order book. We had no intent to reinvent the wheel. Yet after extensive research, we found that no existing chain could achieve all three requirements at once. High-performance order books, native support for spot markets, and the ability to issue real world assets. The conclusion became evident. To continue sailing in the direction of our original mission, we had to build our own Layer 1 Chain.
SoDEX, Making the Ark Seaworthy Again
When there is no road, you build one.
But as we prepared for SoDEX and dug deeper into the industry, we encountered a reality far more troubling than poor usability. The deeper issue was not technical friction, but a fundamental misalignment in business models.
First, the brutal lifecycle. In a market driven by exchanges chasing short-term traffic and revenue, the average user lifespan has fallen to less than three months. This constant cycle of fast entry and fast exit turns users into temporary passersby, never participants.
Second, the hidden profit model. We uncovered an unspoken rule that exists across parts of the industry. For some platforms, trading fees are no longer the primary source of income. User losses are. Once a platform survives on users losing their principal, the relationship ceases to be one of service. It becomes a zero-sum confrontation.
Third, bad money drives out good. Loud voices and exaggerated calls dominate the spotlight, while serious researchers who refuse to participate in extraction find themselves without sustainable paths to survive economically. Those who should have been rewarded become marginalized.
This form of prosperity is built on the erosion of user trust and the depletion of industry integrity. The end is preordained.
It was at this point that we realized something fundamental. In the face of such an unsustainable structure, building a better-designed DEX alone would not change the outcome. And so we made a deeper decision. We would build ValueChain and SoDEX ourselves.
Satoshi built the first ark so ordinary people hold assets that could not be diluted. We want to follow that original intent and build an onchain financial ark. One that allows everyday participants to invest and trade assets safely and efficiently, and lowers the threshold for participating in financial life through blockchain technology.
SoDEX is built on two non-negotiable principles. Transparency and security.
From a technical perspective, it has two defining characteristics.
Built on ValueChain’s composite architecture of multiple subchains, SoDEX connects the account systems of high-performance spot trading and perpetual trading chains. Users do not need to switch accounts. They can trade crypto-native assets alongside equities, indices, commodities, and other real world assets in one place. Capital efficiency improves. Asset allocation becomes simpler.By reusing the Mirror Protocol infrastructure from the SoSoValue Indexes Protocol, and combining third-party custody with bridge-based design, SoDEX improves security for multi-asset and crosschain operations.
From a product perspective, we focus on two things.
Integrated spot and perpetual markets that expand access to high-quality financial products. Users can buy spot assets with the smooth experience they expect from centralized exchanges, manage exposure through perpetuals, and issue their own indices on top of SoDEX infrastructure to participate in a wider range of strategies.And relentless improvement of user experience for everyone. We respect professional standards, but we believe institutional-grade performance and seamless execution should be basic infrastructure, not a privilege reserved for a few.
Today, SoDEX goes live. The blueprint we carried for so long is finally complete.
SoSoValue - helps everyday investors filter noise and see the truth.
ValueChain - provides performance and trust through a transparent Layer 1 Chain.
SoDEX, SSI, and an open set of tools - together form a platform where anyone can invest with minimal friction, access a broad range of onchain assets, and trade with confidence.
The future this ark sails toward is a complete onchain financial system. One built not only for today’s crypto assets, but for a world where all forms of assets can move freely on a single transparent chain. SoDEX is the vessel prepared for that future.
A New "Renaissance" Moment
Finally, we want to share a bit about why we have been so persistent.
On many late nights, we kept returning to the same question. Why does today’s market feel so deeply fractured? On one side, AI advances at breathtaking speed. On the other, crypto faces a persistent exhaustion of liquidity. We witness productivity compounds exponentially, while blockchain as a means to unshape economic relationships still remains mired in a primitive game of "musical chairs."
This sense of rupture reminds us of Europe five hundred years ago, during what history later called the Renaissance. Two technologies emerged then that permanently changed the course of human society.
The Gutenberg printing press broke the monopoly over knowledge. Books reached ordinary people, and cognition itself was liberated.Double-entry bookkeeping established the foundation of trust in modern commerce. Capital could move across borders, and finance entered an era of expansion.
History does not repeat itself, but it often rhymes. Today, we stand at a similar crossroads.
AI is the printing press of our time. It makes intelligence and productivity abundant, and it expands the size of the pie.
Crypto is the double-entry system of our time. It upgrades trust based on people to verification based on code, and it determines how the pie is distributed.
This should have been a moment when ordinary people gained new leverage over their own futures. That belief is why we entered this industry in the first place. We see technology as a ladder toward a more equitable world. We are not merely building an exchange. We are defending the idea that technology, when guided correctly, can serve the public good.
One more thing.
SoDEX is a high-performance, high-trust, low-barrier, one-stop investment platform. It is not a casino designed to manufacture illusions. If what you seek is short-term adrenaline, this may not be the right place. But if you believe in long-term thinking, and are willing to let wealth grow alongside real value through compounding, then we are walking the same path.
What Satoshi sought to introduce to the world was not speculation, but sovereignty. Everything we do is an extension of that choice. To manage wealth safely within a transparent and fair system.
On this new ark, we are never opponents. We are fellow explorers.
This letter is your boarding pass.
Boarding pass privileges will be distributed to eligible early users, according to official announcements.
An ecosystem incentive pool has also been reserved to support long-term participants and builders, rewarding real contribution and sustained commitment.

Adam, a macro researcher at Greeks.live, posted on X stating that put options continue to dominate the market. Today, $BTC large-size put options traded exceeded $1.00 billion, accounting for 37%, with out-of-the-money puts concentrated between $60,000 and $65,000.
Regarding maturities, medium-term options—primarily for the next month and March—are dominant, indicating institutional bearish sentiment toward medium- to long-term price action. Bearish expectations are particularly strong over the next one to two months.

$VANRY @vanar According to Axios citing sources familiar with the matter, Backpack Exchange, a centralized cryptocurrency exchange founded by former FTX and Alameda executives, is negotiating a new round of funding at a pre-money valuation of $1 billion. Specifically, Backpack is planning to raise $50 million, but the final funding round could be larger.