Trend Research has completely liquidated its ETH holdings, incurring a massive loss of $688 million.
According to Arkham data, Trend Research, under Yili Hua, transferred the last approximately 534 ETH to Binance yesterday, completing the total liquidation of ETH. Over the past 8 days, the institution has sold more than 658,000 ETH, with a total value of about $1.354 billion. Due to an average selling price lower than the cost price, this round directly incurred a loss of $688 million, not only reversing the previous profit of $315 million but also accumulating a loss of $373 million.
Jack Dorsey's Block company plans to lay off up to 10%.
The Bitcoin payment company Block (founded by Jack Dorsey) is advancing its restructuring, and has begun notifying hundreds of employees that their positions may be cut after the annual performance review, with the layoff ratio possibly reaching up to 10%. It is reported that Block started its restructuring plan in 2024, focusing on integrating Cash App and Square businesses to improve efficiency. The company will release its quarterly financial report on February 26, and analysts predict that its fourth-quarter profit will reach $403 million, with revenue of $6.25 billion.
The CFTC has relaxed regulations, allowing national trust banks to issue stablecoins.
The U.S. Commodity Futures Trading Commission (CFTC) has expanded regulations related to stablecoins, explicitly allowing national trust banks to issue stablecoins pegged to the U.S. dollar under the GENIUS Act framework.
Ark Invest increased its holdings in Bullish stocks while reducing its holdings in Coinbase stocks.
Cathie Wood's Ark Invest made another move last Friday, increasing its holdings in Bullish stocks valued at $10.7 million while reducing its holdings in Coinbase stocks valued at $22 million. According to trading disclosures, Ark Invest bought over 390,000 shares of Bullish stocks through three of its exchange-traded funds, while selling over 130,000 shares of Coinbase stocks during the same period.
Musk completed SpaceX's acquisition of xAI using a two-step merger process.
Insiders revealed that Musk used a two-step merger process in the deal for SpaceX's acquisition of xAI, which not only avoids repaying billions of dollars in debt but also provides tax benefits to shareholders while allowing SpaceX to avoid any legal liabilities related to xAI. The acquisition was officially announced this Monday, and after the merger, the company's valuation reached $1.25 trillion, with plans to go public later this year. xAI will retain its independent entity and operate as a wholly-owned subsidiary of SpaceX, currently including the X social platform and Grok chatbot.
The probability of Bitcoin rising to $75,000 in February has increased to 64%.
As Bitcoin prices return to above $70,000, related predictions on the Polymarket platform show that the probability of Bitcoin rising to $75,000 in February has increased to 64%; additionally, the probability of rising to $80,000 is 30%, while the probability of dropping to $60,000 is 37%.
BlackRock's IBIT market value has fallen to $51.7 billion.
Data released by BlackRock shows that as of February 5, the market value of its IBIT holdings was $517.402 billion, with approximately 761,900 Bitcoins held.
Cathy Wood: The crypto market may be approaching a potential bottom.
Ark Invest CEO Cathie Wood stated that Bitcoin has a low correlation with existing assets and is a good choice for asset diversification. Institutions are also seriously considering cryptocurrencies. She believes that the current market has experienced a significant decline and is nearing what many technical analysts refer to as a potential bottom area, where volatility is usually high near the bottom. Although she cannot promise, multiple favorable factors are gradually aligning.
Arthur Hayes: No conspiracy to crash the crypto market, only increases will follow.
BitMEX co-founder Arthur Hayes stated that BTC derivatives will not create market trends but will only amplify volatility, and there is no secret conspiracy to crash the crypto market. He stated that not providing bailouts can quickly clear overly leveraged funds, and afterward, the crypto market will return to a rhythm of only increases.
Michael Saylor released information about the Bitcoin Tracker again.
Michael Saylor released information related to the Bitcoin Tracker on the X platform again. According to previous patterns, Strategy may disclose Bitcoin accumulation data this week.
Strategy Bitcoin strategy manager: Will continue to buy Bitcoin.
Chaitanya Jain, Bitcoin strategy manager at Strategy, stated on social media that the institution will never stop buying Bitcoin.
The number of daily transactions on the Ethereum network has reached a historical high.
According to Etherscan data, the number of transactions on the Ethereum network reached 2.8969 million on February 7, setting a historical high.
Vitalik: ETH combines value storage and core application attributes.
Ethereum founder Vitalik Buterin (V God) stated on the X platform that ETH is not only a value storage tool but also one of the most important applications on the Ethereum network.
Yi Lihua: Optimistic about the next bull market in the crypto industry, the bear market is the right time to position.
Liquid Capital founder Yi Lihua stated that the market cycle remains effective; currently, U.S. stocks are strong, ETFs are entering a new phase, and the consensus in the cryptocurrency industry has not been broken. He believes that entering a bear market is actually the best time to position, as the gains from the last bull market stemmed from positioning during the bear market. The future of the industry looks bright, and he remains optimistic about the next bull market, continuing to deepen his involvement in the industry.
Li Lin responded to rumors: Did not reduce BTC and ETH positions, not a related investor.
Huobi founder Li Lin responded to recent rumors in his social circle, clearly stating that he is not an investor of LD or Garrett Gin, and he has never reduced his holdings of BTC and ETH during this market cycle. He also mentioned that he has been rumored multiple times in recent years and had to repeatedly clarify.
Multiple tokens such as CONX and SEI will see significant unlocks this week, with CONX unlocking worth over $15 million.
According to Token Unlocks data, several tokens will see significant unlocks this week: On February 15, CONX will unlock about 1.32 million tokens, worth approximately $15.6 million; on February 11, AVAX will unlock about 1.67 million tokens, worth approximately $15.2 million; on February 10, APT will unlock about 11.31 million tokens, worth approximately $12.3 million; additionally, STRK, SEI, and MOV will also unlock this week, with unlock values of approximately $6.3 million, $4.2 million, and $3.8 million, respectively.
China's foreign exchange reserves have increased for six consecutive months, with the central bank's gold reserves increasing for 15 consecutive months.
Due to the decline of the U.S. dollar index and the rise of global financial asset prices, China's foreign exchange reserves continue to increase. According to data from the State Administration of Foreign Exchange on February 7, as of the end of January, China's foreign exchange reserves reached $339.91 billion, an increase of $41.2 billion compared to the end of December last year; the same day, data from the central bank showed that as of the end of January, China's gold reserves reached 7.419 million ounces, an increase of 40,000 ounces month-on-month, having increased gold holdings for 15 consecutive months.
Goldman Sachs traders warn: The stock sell-off is not over.
Goldman Sachs trading department stated that U.S. stocks rebounded last Friday, recovering the weekly losses, but will still face selling pressure from trend-following algorithm funds this week. The S&P 500 index has fallen below a short-term trigger point, triggering stock sell-offs by Commodity Trading Advisors (CTA). Goldman predicts that these funds will remain net sellers in the coming week, and if the stock market falls again, it may trigger a sell-off of about $33 billion this week. If the S&P 500 falls below 6707 points, the sell-off scale may reach $80 billion in the next month.
Bessent: The Fed is not expected to quickly adjust its balance sheet.
U.S. Treasury Secretary Bessent stated that the current decline in gold prices is a typical speculative sell-off, and the market cycle is in an expansion phase; he expects the Fed will not take quick action to adjust its balance sheet and believes that Waller will maintain a high degree of independence.
Disclaimer: The content of this article is for reference only and does not constitute any investment advice. Investors should rationally consider cryptocurrency investments based on their own risk tolerance and investment goals and should not blindly follow trends.