PA Daily News | Bitcoin briefly dipped below $73,000; Wintertermute suggests this crypto bear market may end sooner than previous ones.

Today's top news highlights:

Bitcoin briefly fell below $73,000; Ethereum (ETH) briefly fell below $2,200.

Wintermute: Macroeconomic factors and other drivers have propelled the crypto market into a bear market, but it may end sooner than previous bear markets.

Vitalik: Unless L2 can be "extremely scaled" or innovated, the original vision is no longer applicable.

The real-life inspiration for the protagonist of "The Big Short": Bitcoin crash may trigger a $1 billion gold and silver sell-off.

MetaMask supports tokenized US stocks, ETFs, and commodities trading through its integration with Ondo Finance.

Bitwise CIO: The "full-blown crypto winter" masked by institutional funding is nearing its end, not its beginning.

Tether lowers its fundraising target to $5 billion after its $500 billion valuation was questioned.

Standard Chartered lowered its 2026 price forecast to $250, but raised its 2030 forecast to $2,000.

Macro & Regulatory

Trump signs funding bill, ending partial government shutdown.

According to CLS News Agency, US President Trump signed a government funding bill in the Oval Office of the White House on February 3, ending the partial government shutdown. Earlier that day, the US House of Representatives passed a funding bill for several federal departments for the remainder of the fiscal year, resolving the deadlock caused by the partial shutdown that began on January 31. The bill will provide funding for several federal departments until September 30, the end of the fiscal year, and will also provide two weeks of funding for the Department of Homeland Security, which has recently faced controversy and protests over immigration enforcement actions, to allow continued negotiations on improving the department's operations.

Federal Reserve's Barkin: Rate cuts support the job market, inflation task still requires the final step.

According to Jinshi News, Richmond Federal Reserve President Barkin said on Tuesday that the Fed's rate cuts to date have helped "insure" the health of the job market while working to complete the "last mile" of pulling inflation back to the 2% target. Barkin stated that the cumulative 1.75 percentage point rate cuts since the fall of 2024 "provide some insurance to support the labor market as we work to complete the final stage of bringing inflation back to our target." He pointed out that the unemployment rate remains at a historically low level, while inflation is currently still about one percentage point above the target, but is expected to fall back in the coming months. "Inflation remains above our target. It has been since 2021, and I take this continued deviation very seriously. Whatever the 'cause,' today's inflation data will have a significant impact on tomorrow's inflation." Barkin expects the economy to remain resilient in 2026, with "significant stimulus" from deregulation and tax cuts, and businesses maintaining confidence in sustained demand. The recent surge in productivity will also help curb inflation because "businesses are more resilient to higher input costs, and the pressure to raise prices is relatively less."

Earlier reports indicated that Federal Reserve Governor Milan stated that the Fed needs to cut interest rates by about one percentage point this year.

The Nevada Gaming Regulatory Commission has accused Coinbase of offering unlicensed sports betting.

According to Cointelegraph, the Nevada Gaming Regulatory Commission (GNRC) filed documents in the First Judicial District Court of Nevada, accusing Coinbase Financial Markets of offering unlicensed sports betting. The GNRC subsequently requested a temporary restraining order and a preliminary injunction to prohibit Coinbase from “operating a sports betting-related derivatives exchange and prediction market.” GNRC Chairman Mike Dreitzer stated in a statement, “The GNRC is committed to its obligation to operate a thriving gaming industry and protect the citizens of Nevada. Yesterday’s action reaffirms that obligation.” Less than a week ago, Coinbase announced a partnership with Kalshi, launching its prediction market in all 50 states. While the Commodity Futures Trading Commission (CFTC) regulates the Kalshi platform at the federal level, the platform may still face legal action from state regulators, including those in Nevada.

Hong Kong police arrested 682 people in a "planned attack" operation, dismantling a HK$44 million cryptocurrency money laundering syndicate.

According to Hong Kong 01, Hong Kong police disclosed that they launched a citywide enforcement operation codenamed "Operation Scheme" over the past three weeks targeting fraud, cybercrime, and money laundering. 682 people were arrested for conspiracy to defraud, obtaining property by deception, and money laundering, involving 580 fraud and technology crimes with a total amount of HK$620 million. Among these operations, the Hong Kong Police Cyber ​​Security and Technology Crime Bureau's "Operation Warnet" dismantled a local online romance scam syndicate and a money laundering gang using virtual currency. This gang defrauded 314 victims of HK$44 million over the past 16 months, averaging approximately HK$150,000 per case.

Project Updates

Tether releases open-source Bitcoin mining operating system MiningOS

According to CoinDesk, stablecoin issuer Tether has announced the release of its open-source Bitcoin mining operating system, MiningOS. The system aims to simplify mining infrastructure management and reduce reliance on proprietary vendor software. Tether describes MiningOS as a modular, scalable operating system suitable for operations of all sizes, from home miners to large institutions. It employs a self-hosted architecture, communicating with devices through an integrated peer-to-peer network, enabling miners to manage their mining activities without relying on centralized services. The system is built on the Holepunch peer-to-peer protocol and released under the Apache 2.0 license, aiming to maintain its open-source nature with no third-party dependencies.

Aster will launch its sixth phase of the buyback program on February 4th: up to 80% of daily platform fees will be used for ASTER buybacks.

Aster announced on its X platform that its Phase 6 buyback program will provide continued structured support for the ASTER token. Starting February 4, 2026, Aster will allocate up to 80% of its daily platform fees to ASTER token buybacks, comprising two aspects: 1. Automated Daily Buybacks (40% of fees): Executed automatically daily, providing continuous on-chain support and a gradual reduction in supply; this lays a predictable foundation for token value; 2. Strategic Buyback Reserves (20%-40% of fees): Allocated based on market conditions for targeted buybacks; this reserve gives the project the flexibility to respond to market volatility and maximize value creation when opportunities arise. All transactions are fully executed on-chain and publicly verifiable. Execution updates will be provided regularly.

Binance Wallet launches Security Center and Security Scanning Function

According to the official announcement, to further enhance the user's asset security experience, Binance Wallet has officially launched Security Center – a brand-new platform integrating security management, risk monitoring, and protection. Through Security Center, users can comprehensively understand their wallet's risk status, promptly identify potential vulnerabilities, and thus more effectively protect their assets. As a core function of Security Center, Security Scan has also been launched. This function can automatically scan your wallet, promptly identify potential security vulnerabilities, and provide actionable suggestions to help users proactively prevent risks. In addition, Security Center integrates multiple existing security management tools, including backup, verification methods, authorization management, and secure automatic signatures, providing users with a unified, efficient, one-stop security management experience, making wallet security management more convenient and comprehensive.

Ondo Finance launches a "Global Listing" service that allows stocks to be tokenized on the first day of their IPO.

Ondo Finance, a platform for tokenized real-world assets, announced the launch of its "Ondo Global Listing" service. This service enables near-real-time on-chain integration of US stock IPOs, making them available for trading on major blockchains from the first day of listing through the Ondo Global Markets platform. Ondo stated that historically, millions of investors worldwide have been restricted from participating in US IPOs. This new service will allow wallets, exchanges, and blockchains to provide their millions of users globally with on-chain IPO exposure on the first day of listing. These tokenized shares are permissionless, transferable, and designed to achieve stablecoin-like composability across the most widely used blockchain ecosystems.

Y Combinator will allow its spring cohort of entrepreneurs to receive funding in the form of stablecoins.

According to Fortune magazine, Y Combinator, a well-known Silicon Valley startup incubator, announced that it will allow founders of its Spring 2026 cohort of startups to choose to receive funding in the stablecoin USDC, typically around $500,000. Nemil Dalal, Y Combinator's crypto visiting partner, stated that founders choosing stablecoins can receive tokens on multiple blockchains such as Ethereum and Solana, with the possibility of expanding to other stablecoins in the future based on demand. He pointed out that stablecoins are one of the key areas where the institution wants to see more entrepreneurial ideas, and therefore wants to actively implement this direction. Dalal stated that Y Combinator expects more and more startups to begin raising funds on-chain in the future. He believes that despite the current low sentiment in the crypto market, market enthusiasm for stablecoins continues to grow, regardless of the volatility of crypto asset prices.

MetaMask supports tokenized US stocks, ETFs, and commodities trading through its integration with Ondo Finance.

According to an official announcement, Consensys' non-custodial wallet MetaMask has integrated with Ondo Finance, a platform for tokenized real-world assets. Through this partnership, eligible mobile users outside the US can now directly buy, hold, and trade over 200 tokenized US stocks, ETFs, and commodities within their MetaMask wallets via Ondo Global Markets. Initially supported assets include stocks such as Tesla, Nvidia, Apple, Microsoft, and Amazon, as well as ETFs like SLV (silver), IAU (gold), and QQQ. Users do not need to open a traditional retail brokerage account; all transactions are conducted via a crypto channel. Users can use the MetaMask Swaps feature to exchange USDC for Ondo's Global Markets token (GM token) on the Ethereum mainnet. This token is designed to track the market value of its underlying securities. Trading hours are from 8:05 PM ET on Sundays to 7:59 PM ET on Fridays, supporting 24/7 trading, and tokens can be transferred around the clock.

Kraken's parent company announced its 2025 results: adjusted revenue of $2.2 billion, a 33% year-over-year increase.

According to CoinDesk, Payward, the parent company of cryptocurrency exchange Kraken, released its 2025 results, reporting adjusted revenue of $2.2 billion, a 33% year-over-year increase. Adjusted EBITDA rose 26% to $531 million. The company stated that trading revenue accounted for 47% of total revenue, with the remainder coming from non-trading businesses such as custody, payments, and financing. Its total trading volume increased by 34% to $2 trillion, and platform assets under management grew by 12% to $48.5 billion. The number of customer accounts increased by 50% to 5.7 million, partly attributable to acquisitions. The average daily trading volume of its futures products increased by 119% during the period.

The Ethena Foundation launches a 6-month "Ethena Exchange Points" incentive program.

According to official news, the Ethena Foundation has announced the launch of the "Ethena Exchange Points" incentive program. This six-month program aims to reward users for genuine trading activity using USDe as core collateral on exchanges based on Ethena technology (including Ethereal and HyENA). The program comprises two independent sub-projects: "Ethereal Exchange Rewards" and "HyENA Points." Each project typically distributes 100 million points weekly to eligible users, rewarding trading activity using USDe as collateral. Results are updated to the user's account panel at the end of each cycle (weekly). "Ethena Exchange Points" is independent of and can be combined with Ethena's ongoing Q5 points program. To ensure fairness, the system incorporates anti-manipulation measures, excluding self-trading, wash trading, and may implement single-account limits and post-distribution reviews.

Chiliz will launch a US-based fan token, with 10% of the proceeds going towards buying back and burning CHZ tokens.

Chiliz Chain, a public blockchain for sports and entertainment, announced on the X platform that it will launch a US-based fan token in the coming months. 10% of the fan token proceeds will be used to buy back and burn CHZ tokens. Chiliz aims to acquire minority stakes in sports clubs and give fans true ownership through the fan token. Chiliz Group has been invited to join the first CHZ token digital asset treasury (DAT).

Crypto.com will launch its independent prediction market platform, "OG," ahead of the Super Bowl.

According to Bloomberg, cryptocurrency exchange Crypto.com announced the launch of its independent prediction market platform, "OG," ahead of the Super Bowl. OG will offer leveraged and margin trading of prediction contracts, and its backend will still be supported by Crypto.com's existing exchanges and clearinghouses registered with the U.S. Commodity Futures Trading Commission. In addition to sporting events, the platform also plans to offer prediction contracts related to entertainment, politics, and publicly traded companies.

Aave Labs will discontinue its Avara brand.

According to The Block, Aave Labs will discontinue its Avara brand. This brand previously encompassed its spin-off social media protocol Lens and the soon-to-be-shut-down Family wallet. This move comes amid ongoing tensions between Aave Labs and Aave DAO over ultimate control of the Aave lending protocol. Aave Labs is seeking to refocus its efforts on the DeFi space.

Ark Invest increased its holdings in companies such as Bitmine, Coinbase, and Circle.

According to The Block, Ark Invest has increased its holdings in Bitmine, Bullish, Circle, and other cryptocurrency-related stocks during the ongoing market downturn. According to its trading documents, Ark Invest purchased $3.25 million worth of Bitmine stock through its ETF on Tuesday, along with $3.46 million worth of cryptocurrency exchange Bullish and $2.4 million worth of Circle stock. It also increased its holdings in Block Inc. and Coinbase by $1.77 million and $630,606 respectively.

Coin Metrics: Following the Fusaka upgrade, stablecoin "dust" transactions on Ethereum increased by 2-3 times.

According to Cointelegraph, Coin Metrics points out that since Ethereum's Fusaka upgrade in December 2025, network fees have been significantly reduced, making on-chain operations much more convenient. Currently, Ethereum's daily transaction volume exceeds 2 million, and the number of active addresses has increased by 60% compared to the previous average. Coin Metrics notes that the low gas fees have spurred a surge in "dust attacks": Dust transactions involving stablecoins (USDC and USDT) currently account for approximately 11% of Ethereum's total transaction volume and 26% of daily active addresses. Before the upgrade, dust transactions accounted for only 3%-5% of transaction volume; after the upgrade, this proportion has increased 2-3 times. A dust attack refers to a hacker sending a small amount of tokens to random addresses to track wallets or cause network disruption.

Following the merger of SpaceX and xAI, the X platform added a small rocket thumbs-up animation.

According to market sources, following the merger of SpaceX and xAI, the X platform has added a small rocket thumbs-up animation.

Anthropic plans to allow employees to sell shares at a valuation of $350 billion.

According to Bloomberg, a source familiar with the matter revealed that Anthropic is planning a deal that would allow some employees to sell their company shares at a valuation of at least $350 billion. This comes as the company is currently undergoing a funding round that is expected to raise more than $20 billion. The tender offer would allow Anthropic employees to sell a portion of their equity holdings in one of the world's most valuable artificial intelligence startups. The source stated that the $350 billion valuation is the same as the valuation discussed in the company's ongoing funding round, and it is a pre-funding valuation, meaning it does not include the final amount raised.

Coinbase launches prediction market Coinbase Predict

Coinbase has launched its prediction market, Coinbase Predict, initially partnering with Kalshi to provide initial underlying market liquidity. The platform's initial contract offerings focus on "economic indicators."

Binance Alpha will list Opinion (OPN)

Binance Alpha listed Warden Protocol (WARD) on February 4th.

Coinbase will launch Tria (TRIA) spot trading and perpetual contract trading.

CZ Warning: Account X @weibnb posted fake group photos. Beware of scammers using fake images.

Binance founder CZ has issued a warning against scammers using fake images. CZ pointed out that the account "Wei威" (@weibnb), with 863,000 followers, is a potential scammer. This account posted a fake photo of itself with CZ and He Yi, but the original photo is of CZ and He Yi with Aster CEO Leonard. The account has also blocked CZ. CZ emphasized that in another photo of the two, they are not wearing blue or purple shirts, and they have not taken any photos in front of the BBW stage, making it another fake photo.

Beaverd wins $1 million prize for long-form writing on X platform.

Platform X announced the winners of its long-form writing contest, with Beaverd (@beaverd) winning the million-dollar grand prize for his article, "Deloitte, a $74 billion cancer that has spread across the United States." The article explores the role of a large government consulting firm in federal and state government IT systems, analyzing contract data, audit findings, and documented system failures. The article garnered 44.71 million views, 29,000 likes, and 7,700 shares.

WisdomTree CEO: Cryptocurrency has become a core business, and tokenized assets have increased to $750 million.

According to CoinDesk, Jonathan Steinberg, CEO of WisdomTree, a company with $150 billion in assets, stated that cryptocurrency has now become a core business. The company's tokenization efforts are nearing profitability, with tokenized assets growing from approximately $30 million to approximately $750 million, while also expanding into emerging blockchains such as Solana. Steinberg views cryptocurrency as a cornerstone of modern financial infrastructure, citing tokenization funds, the WisdomTree Connect platform, and strategic investments in compliant tokenization technologies as key to the company's long-term growth.

Analysis & Opinions

The real-life inspiration for the protagonist of "The Big Short": Bitcoin crash may trigger a $1 billion gold and silver sell-off.

According to CoinDesk, Michael Burry, the real-life inspiration for the character in "The Big Short" (and an investor who successfully predicted the 2008 financial crisis), warned that the recent decline in Bitcoin could have a ripple effect across the entire market, particularly the gold and silver markets. The Bitcoin crash could force institutional investors and corporate Treasurers to sell up to $1 billion worth of gold and silver to offset losses from cryptocurrencies. Burry believes that Bitcoin's drop below $73,000 exposed its fragile foundation, and a fall to $50,000 would threaten companies holding large amounts of Bitcoin and could even lead to the bankruptcy of some mining companies. Burry argues that Bitcoin has failed as a digital safe-haven asset or a substitute for gold, and the recent ETF-driven rally is merely speculative rather than a reflection of its sustainable real-world applications.

Standard Chartered lowered its 2026 price forecast to $250, but raised its 2030 forecast to $2,000.

According to Decrypt, Standard Chartered Bank has lowered its near-term price expectations for Solana in its latest research report, while significantly raising its long-term forecast. The bank lowered its year-end 2026 price target for SOL from $310 to $250, but expects it to reach $2,000 by the end of 2030. The report points out that Solana's decentralized exchange activity is shifting from Meme coin trading to SOL-stablecoin trading pairs, with its stablecoin turnover being 2 to 3 times faster than Ethereum, demonstrating different use cases; Solana's "ultra-low cost, fast and reliable trading model" will allow it to dominate areas requiring high throughput and low transaction costs, particularly in the micropayments sector driven by AI protocols such as x402.

Glassnode: Bitcoin's realized profit/loss ratio has dropped to around 1.5; a drop below 1 could trigger a capitulation sell-off.

According to Glassnode, Bitcoin's realized profit/loss ratio (90-day simple moving average) has been trending downwards (currently around 1.5), gradually approaching 1, reflecting increasingly depleted market liquidity. Historically, if this indicator consistently falls below 1, it is usually accompanied by widespread capitulation selling—meaning that realized losses across the market exceed profit-taking.

Wintermute: Macroeconomic factors and other drivers have propelled the crypto market into a bear market, but it may end sooner than previous bear markets.

According to Windtermute analysis, Bitcoin's drop below $80,000 triggered $2.55 billion in leveraged position liquidations over the weekend. This decline was driven by multiple macroeconomic factors: earnings from the "Mag7" tech giants putting pressure on the AI ​​narrative, Kevin Warsh's nomination as Federal Reserve Chairman raising policy uncertainty, and a sharp liquidation of speculative positions in the precious metals market. The report points out that the market's reaction to these negative factors was delayed, ultimately culminating in a concentrated release during the typically low-liquidity weekend period. Given the previously high leverage levels, this resulted in the tenth largest liquidation event in cryptocurrency history. During this correction, crypto assets underperformed most traditional assets. The report argues that the market has entered a bear market, but unlike previous bear markets triggered by structural industry collapses (such as the FTX and Luna incidents), this decline is primarily driven by the macroeconomic environment and narrative rotation, leading to an organic deleveraging process. Due to the absence of forced bankruptcies or cascading effects, this cycle may end faster than past bear markets. Current infrastructure is more robust, stablecoin adoption continues to grow, and institutional interest has not disappeared but is currently on a wait-and-see basis. Once macroeconomic uncertainties subside and the Fed's policy path becomes clearer, market attention could quickly return in the second half of 2026. Current market positioning has lightened after liquidation, but confidence remains weak, and prices have re-entered an exploratory phase after two months of sideways trading. While it's too early to talk about a trend reversal, given the crypto ecosystem's lack of structural disruption, any meaningful upward trend could be clearer than rallies in previous bear markets.

Bitwise CIO: The "full-blown crypto winter" masked by institutional funding is nearing its end, not its beginning.

According to The Block, Bitwise Chief Investment Officer Matt Hougan stated that the crypto market has been in a "full-blown crypto winter" since early 2025, but the current market may be closer to the end of a downtrend cycle than its beginning. Hougan pointed out that Bitcoin has fallen about 39% from its all-time high in October 2025, Ethereum has fallen about 53%, and many other digital assets have fallen even more. He believes that the current phase is comparable to the crypto winters of 2018 and 2022, characterized by excessive leverage and widespread profit-taking by early holders, with negative sentiment outweighing incremental positive factors. Although Bitcoin peaked in October 2025, the actual market weakness began in January 2025, only masked by strong inflows into ETFs and digital asset treasuries. Without this support, Bitcoin's decline could be close to 60%. Despite the market weakness, Hougan believes the crypto ecosystem continues to make structural progress in terms of regulation, institutional adoption, stablecoins, and asset tokenization. Looking back at historical cycles, crypto winters often end in despair and depression rather than a reversal in euphoria, and the current sentiment is similar to the characteristics of previous market bottoms. While the timing is uncertain, given that this correction has lasted for more than a year, coupled with potential positive catalysts such as strong economic growth, the passage of regulatory bills, and signs of sovereign adoption of Bitcoin, he believes the market is closer to recovery than further decline.

Vitalik: Unless L2 can be "extremely scaled" or innovated, the original vision is no longer applicable.

Ethereum co-founder Vitalik Buterin stated on the X platform: "With the Ethereum mainnet (L1) scaling itself and the gas limit plan significantly increasing, L2, originally envisioned as 'brand sharding,' is no longer necessary. L2 cannot fully meet the characteristics that 'brand sharding' should have, and some projects may even remain in Phase 1 indefinitely to meet customer regulatory requirements. Therefore, L2 should be repositioned, no longer just pursuing scaling, but providing unique additional functions, such as privacy-dedicated virtual machines, application-specific efficiency, extreme scaling, non-financial application design such as social/identity/AI, and low latency or built-in oracles." Best practices for L2 include: maintaining at least the Phase 1 standard (otherwise it's essentially just a standalone L1 with a bridge), achieving interoperability with Ethereum as much as possible, and exploring integration with native Rollup pre-compilations (ZK-EVM verified) to achieve secure, trustless cross-chain operations and synchronous composability. Users should clearly understand the guarantees provided by L2. The L2 ecosystem will offer diverse choices: chains that rely entirely on Ethereum's trust and credibility, as well as chains with varying degrees of interconnectivity, each focusing on different functions or application scenarios, truly achieving innovative additions rather than simply extending L1.

Yi Lihua: My expectation for a major bull market in the future remains unchanged; now is the best time to buy spot stocks.

Liquid Capital founder Jack Yi posted on the X platform: "As bulls in this round, we remain optimistic about the next bull market: ETH has reached over $10,000 and BTC has exceeded $200,000. We only made some adjustments to control risk, but our expectations for a major bull market in the future remain unchanged. I know everyone is disappointed with the industry and leading companies, especially with the liquidity shortage and manipulation by some platforms caused by the 1011 incident. However, I believe the long-term trend of the crypto market remains unchanged. Now is the best time to buy spot, based on the investment returns over the next three years. Volatility is the biggest characteristic of the crypto market. Countless bulls in history have been shaken off by this volatility, but they have often been followed by a doubled rebound."

Investment and Financing

Tether lowers its fundraising target to $5 billion after its $500 billion valuation was questioned.

According to CLS News Agency, stablecoin giant Tether is facing investor skepticism regarding its $500 billion valuation target. In response, the company intends to lower its fundraising target to $5 billion in its next round of financing. Tether CEO Paolo Ardoino stated that the initial target of $15 billion to $20 billion was a "misunderstanding," and the company would be perfectly content even without raising funds.

Gambling platform BLUFF raises $21 million, led by 1kx.

According to an official announcement, BLUFF, a gambling and entertainment platform, has completed a $21 million strategic financing round, led by 1kx, with participation from Makers Fund, Maximum Frequency Ventures, and other prominent figures including sports champion and technology investor Tristan Thompson.

Nvidia may invest $20 billion in OpenAI; details of the deal are still under negotiation.

According to a report by CLS (China Lianhe Securities), sources familiar with the matter revealed that Nvidia is close to reaching an agreement to invest $20 billion in OpenAI as part of its latest funding round. This would be Nvidia's largest single investment in OpenAI. The sources indicated that the deal has not yet been finalized and the terms are still subject to change.

mechanism

Trend Research stopped losses on 153,500 ETH within two days and repaid 266 million USDT to reduce leverage.

According to on-chain analyst Yu Jin, from the afternoon of February 1st to the present, Trend Research has cumulatively reduced its holdings by 153,500 ETH ($352 million) at an average price of $2,294 over two days, and then repaid 266 million USDT to reduce leverage. Its current liquidation price range for multiple ETH lending positions is between $1,685 and $1,855, mainly concentrated around $1,800. It currently holds 498,000 ETH ($1.11 billion), with an average cost of $3,180. Losses amount to $605 million (realized losses of $136 million + unrealized losses of $469 million). It also has leveraged loans of $743 million.

1,315 BTC were transferred from Binance to Binance SAFU wallet, worth over $100 million.

According to Whale Alert, 1,315 BTC ($100,548,147 USD) were transferred from Binance to Binance SAFU.

BitMine purchased 20,000 ETH via FalconX 20 minutes ago, equivalent to approximately $46.04 million.

According to on-chain analyst Ember, Ethereum treasury BitMine continued to buy to lower the average price: it bought 20,000 ETH (US$46.04 million) through FalconX 20 minutes ago.

BlackRock deposited 1134.13 BTC and 35358 ETH into Coinbase.

According to Onchain Lens, BlackRock deposited 1,134.13 BTC (worth $88.69 million) and 35,358 ETH (worth $80.65 million) into Coinbase, and may deposit more.

Important data

U.S. stocks closed lower across the board, with Coinbase and Circle among those falling by more than 4%.

U.S. stocks closed lower across the board, with the Dow Jones Industrial Average down 0.34%, the Nasdaq Composite down 1.43%, and the S&P 500 down 0.83%. Blockchain-related stocks generally declined, with COIN (Coinbase) down 4.36%, CRCL (Circle) down 4.59%, BMNR (Bitmine) down 1.97%, and MSTR (Strategy) down 4.56%. Spot gold rose above $4,980 per ounce, up 0.85% on the day. Spot silver reversed its intraday losses, after falling more than 2%, and is currently trading at $85.18 per ounce.

Strategy's stock price has fallen for seven consecutive months and is currently down approximately 75% from its all-time high in November 2024.

According to CoinDesk, Bitcoin treasury company Strategy's stock price is currently near $141, down about 75% from its all-time high of around $540 in November 2024, marking its seventh consecutive month of decline. If it continues to fall in February, it could see its eighth consecutive month of decline. Compared to Bitcoin's price decline of about 40% from its all-time high last October, MSTR's stock performance has lagged by about 35 percentage points. The company's market capitalization to Bitcoin Net Asset Value (mNAV) ratio is currently 1.09, still above 1, meaning the company can still raise funds to purchase Bitcoin through public offerings of common stock. However, if the stock price falls further, the scale of future Bitcoin purchases could shrink. If mNAV falls below 1, the company may be forced to pause purchases and wait for a market rebound. In the last bear market (2022), Strategy raised only $275 million and used that money to purchase approximately 10,000 Bitcoins.

Bitcoin briefly fell below $73,000; Ethereum (ETH) briefly fell below $2,200.

Spot gold has climbed back above $5,000.

According to Jinshi News, spot gold broke through $5,000 per ounce, with intraday gains widening to 1.1%, rebounding nearly $600 from this week's low.

Spot silver returns above $90

According to Jinshi News, spot silver accelerated its rise, regaining the $90/ounce mark, with a daily increase of over 5%, and a rebound of over $18 from this week's low.

Ethereum spot ETFs saw a net inflow of $14.0551 million yesterday, marking the first net inflow after three days of net outflows.

Bitcoin spot ETFs saw net outflows of $272 million yesterday, with Fidelity FBTC experiencing the largest net outflow at $149 million.

Platform X announced the winners of its long-form writing contest, with Beaverd (@beaverd) winning the million-dollar grand prize for his article, "Deloitte, a $74 billion cancer that has spread across the United States." The article explores the role of a large government consulting firm in federal and state government IT systems, analyzing contract data, audit findings, and documented system failures. The article garnered 44.71 million views, 29,000 likes, and 7,700 shares.

WisdomTree CEO: Cryptocurrency has become a core business, and tokenized assets have increased to $750 million.

According to CoinDesk, Jonathan Steinberg, CEO of WisdomTree, a company with $150 billion in assets, stated that cryptocurrency has now become a core business. The company's tokenization efforts are nearing profitability, with tokenized assets growing from approximately $30 million to approximately $750 million, while also expanding into emerging blockchains such as Solana. Steinberg views cryptocurrency as a cornerstone of modern financial infrastructure, citing tokenization funds, the WisdomTree Connect platform, and strategic investments in compliant tokenization technologies as key to the company's long-term growth.

According to Decrypt, Standard Chartered Bank has lowered its near-term price expectations for Solana in its latest research report, while significantly raising its long-term forecast. The bank lowered its year-end 2026 price target for SOL from $310 to $250, but expects it to reach $2,000 by the end of 2030. The report points out that Solana's decentralized exchange activity is shifting from Meme coin trading to SOL-stablecoin trading pairs, with its stablecoin turnover being 2 to 3 times faster than Ethereum, demonstrating different use cases; Solana's "ultra-low cost, fast and reliable trading model" will allow it to dominate areas requiring high throughput and low transaction costs, particularly in the micropayments sector driven by AI protocols such as x402.