Author: 行政

A leveraged Ethereum position built by Jack Yi’s Trend Research continues to unwind under pressure.The position, assembled through Aave’s lending protocol and reported to have reached roughly $958 million in borrowed stablecoins at its peak, has been shrinking through repeated defensive sales as Ethereum’s price declines.On Feb. 4, Trend deposited another 10,000 ETH (approximately $21.2 million) to Binance to sell and repay loans, according to on-chain tracking profile Lookonchain.The position now holds 488,172 ETH, valued at roughly $1.05 billion at current prices.The deleveraging began in early February, when Trend sold 33,589 ETH (roughly $79 million) and used $77.5 million in…

Ethereum price drops to $2,127 amid market weakness and high volatility. Vitalik Buterin sells $6.6M ETH, part of planned funding moves. Key support at $2,007, with resistance targets at $2,133 and $2,274. Ethereum (ETH) is under pressure as the cryptocurrency continues to face a significant pullback. The price of ETH has dropped to $2,098.91, down 5.6% in the last 24 hours. Ethereum price analysis | Source: TradingView This decline is part of a broader downtrend, with Ethereum losing around 28% over the past week and nearly 34% over the past three months. Trading volume, however, remained elevated at $54.5 billion…

Bitcoin’s latest drawdown is forcing a critical stress test on the “treasury company” trade.Over the past months, the model appeared simple, requiring companies to sell stock or low-cost convertible notes, buy Bitcoin, and rely on rising prices and a persistent equity premium to cover the remainder.However, with Bitcoin sliding towards $70,000, which is significantly lower than the cost basis for most corporate holders, the mechanics of that trade are facing a potential reversal. Market Cap $1.41T 24h Volume $86.43B All-Time High $126,173.18 On Feb. 2, Michael Burry, the investor made famous by The Big Short, issued a warning about this…

Bitcoin temporarily fell below $70,000, erasing gains built over the past 15 months. Over $840 million in leveraged long positions were liquidated during the sell-off. Traders now watch $65,000 support and $72,000 resistance for direction. Bitcoin has suffered one of its sharpest corrections in recent years, wiping out roughly 15 months of bull market gains in a swift and brutal sell-off. The world’s largest cryptocurrency temporarily plunged below the psychologically important $70,000 level, shocking traders who had grown accustomed to sustained upside momentum. The move did not happen in isolation, as it was accompanied by heavy liquidations, weakening sentiment, and…

New Token Launch: Axie Infinity is introducing Bonded AXS (bAXS), a 1:1 backed game token used for breeding, evolving Axies, and marketplace transactions. Airdrop Rewards: 100,000 bAXS will be distributed to players who held at least 10 staked AXS during a February 5 snapshot. Economic Integration: The token is designed to drive the in-game economy, specifically for upgrades and upcoming titles like Atia’s Legacy and Terrariums. Popular NFT game Axie Infinity is creating a new game token called Bonded AXS, or bAXS, and giving it away to players.  The team took a snapshot of the network on February 5 and…

On Feb. 4, the XRP Ledger (XRPL) activated the highly anticipated Permissioned Domains with 91% validator approval.At first glance, the approval appears contradictory, as it involves a public blockchain hosting “permissioned” zones.However, a deeper look at the mechanics shows how the upgrade operates. Permissioned Domains introduces an on-ledger access-control object that enables other network features to reference and restrict participation to digital wallets that hold specific on-chain credentials.The fundamental point of this architectural shift is not to convert the XRPL into a private network.Rather, the objective is to enable highly regulated financial activity to exist on a public ledger, with…

CME Group is exploring a proprietary “CME Coin” designed to run on a decentralised network for market participants. The token would likely be used for margin and settlement, offering an institutional alternative to existing collateral forms. This initiative is separate from CME’s tokenised cash project with Google and aligns with their Q2 launch of 24/7 crypto trading. CME Group CEO Terry Duffy says the exchange is exploring creating its own cryptocurrency, a potential “CME coin” that could run on a decentralised network and be used by other market participants. Duffy revealed the idea on CME’s latest earnings call, when Morgan…

BitMine chairman Tom Lee defended $6 billion in unrealised losses as a deliberate strategy to track Ethereum’s long-term cycle rather than timing the market. The firm holds 4.24 million ETH and recently purchased 40,000 more tokens despite Ethereum sitting 57% below its all-time high. BitMine remains committed to its staking and accumulation model, even as Lee warns that market deleveraging could persist into early 2026. BitMine Immersion chairman Tom Lee said the company’s large unrealised losses reflect the structure of its Ethereum (ETH) treasury strategy, not a mistake in execution. Responding to criticism this week, Lee said BitMine is designed…

House lawmakers confronted Scott Bessent over Treasury oversight and conflicts linked to a Trump-backed crypto firm. Democrats called for a pause on WLFI’s bank charter following revelations of a major foreign stake. Bessent rejected claims the Treasury can support Bitcoin markets or deploy taxpayer funds. US Treasury Secretary Scott Bessent faced heated questioning during a House Financial Services Committee hearing focused on the Treasury Department’s oversight responsibilities and its role within the Financial Stability Oversight Council. Democratic lawmakers concentrated their scrutiny on World Liberty Financial (WLFI), a decentralised finance venture linked to President Donald Trump, and recent disclosures concerning foreign…

Bitcoin’s current pullback is weighed against past bear markets that saw deeper declines over longer periods. On-chain data suggests further downside pressure could emerge if Bitcoin weakens further in US dollar terms. A recurring gold–Bitcoin pattern, however, points to a potential stabilisation window in early 2026. Source: Tapping Into Crypto In the latest episode of Tapping Into Crypto, the hosts examine whether Bitcoin is already deep into a crypto winter or heading into a more severe phase. Drawing on historical market cycles, on-chain behaviour and broader macro conditions, the discussion outlines near-term downside risks alongside signals that could point to…