Tom Lee, chairman of Ethereum treasury company Bitmine, stated in an interview that Ethereum has experienced seven pullbacks exceeding 60% in the past eight years alone, all of which were followed by rapid recovery. He pointed out that these patterns typically involve a sharp initial drop followed by a rapid rebound. Lee also suggested that if the current crypto market is in a bottoming-out phase, this possibility exists based on some market performance, citing Strategy's recent approximately 25% rebound as one factor to observe. He noted that historical experience shows such rebounds tend to be relatively rapid. (CNBC)

A prominent cryptocurrency trader, known as 'Hyperliquid Early Contributor Loracle,' has reportedly achieved significant profits through strategic trading activities. According to BlockBeats On-chain Detection, the trader's account balance surged from under $7 million to approximately $41.1 million within a month, marking a nearly sixfold increase. This growth was primarily driven by a single large deposit of $7.44 million. The trader is currently the largest long position holder in HYPE and the largest short position holder in Bitcoin (BTC) on the Hyperliquid platform. Their strategy involves maintaining long positions in HYPE while engaging in swing trading with BTC and Ethereum (ETH). Over the past weekend, the trader executed four swing trades in two days, initially profiting $6.37 million from short positions in BTC and ETH, followed by additional gains of $3.82 million from long positions. As of the latest update, the trader has opened new short positions in BTC and ETH, continuing their strategy. The main holdings are as follows: - HYPE (5x long position): Approximately $48.52 million in size, with an average price of $24.37, resulting in an unrealized profit of about $12.46 million (+128%). - BTC (20x short position): Approximately $43.15 million in size, with an average price of around $70,073, leading to an unrealized loss of about $510,000 (-24%). - ETH (20x short position): Approximately $10.15 million in size, with an average price of around $2,056, resulting in an unrealized profit of about $140,000 (-27%). Loracle, whose real name is Laurent Zeimes, is an active participant in the Hyperliquid ecosystem and is recognized as one of its early contributors. He is also the founder of Hypurrfun and has been actively trading HYPE contracts at an average price of $22, with positions still open.

Leveraged money managers have significantly increased their bullish positions on the Australian dollar, reaching the highest level in over eight years. Bloomberg posted on X, highlighting that these investors are betting on anticipated gains in bond yields to mitigate short-term market volatility. This strategic move reflects confidence in the Australian currency's potential to withstand fluctuations, driven by expectations of rising yields in the bond market.

Australia has implemented a 10% tariff on steel ceiling frames imported from China. Bloomberg posted on X, this decision follows an investigation conducted by the country's Anti-Dumping Commission. The move aims to address concerns over unfair trade practices and protect domestic industries from the impact of dumped goods. The tariff is expected to influence the market dynamics between the two nations, potentially affecting pricing and supply chains. The Australian government continues to monitor the situation to ensure fair competition and safeguard local manufacturers.

Bitcoin experienced its biggest weekly drop in three years over the past week. February 5th was an unexpected day for crypto market investors: Bitcoin fell 13% that day, marking its largest single-day drop since June 2022, and briefly dipped below $61,000 in the early hours of February 6th. In this sharp correction, veteran crypto investor Yi Lihua sold off 400,000 ETH within a week, incurring a loss of $700 million, becoming the number one "whale" mercilessly hunted down in this crash. However, some funds that bought on the dip have already begun to act. One Hong Kong-based fund started buying on February 6th, the specific scale of which is currently unknown. Some more optimistic people believe that this winter may end faster than usual. Currently, apart from Yi Lihua, no other top billionaires or leading companies have collapsed or fallen into crisis, and no institutions have been accused of violations. Such situations have repeatedly triggered crises of investor confidence during past market crashes. (Tencent Finance "Deep Dive")

Asian stock markets experienced a broad increase following a historic election victory that boosted investor sentiment. According to Ming Pao, the Nikkei 225 index surged by 5.7% to reach a record high. Meanwhile, U.S. futures continued to rise this morning after gains in the U.S. stock market last week. Hong Kong stocks rebounded, marking the largest increase in over a week, while the national index also reached a one-week high.

According to Gate data, spot silver surged 5.00% intraday, currently trading at $81.72 per ounce. New York silver futures jumped 6.00% intraday, currently trading at $81.52 per ounce.

A Bitcoin Genesis wallet just received 2. 565 BTC, worth over $150,000. source: https://www.cryptopolitan.com/bitcoin-genesis-wallet-gets-2-5-btc/

US Treasury Secretary Scott Bessent has urged the Senate Banking Committee to move forward with confirmation hearings for Federal Reserve chair nominee Kevin Warsh. According to Cointelegraph, this call comes amid a standoff over an ongoing investigation into current Fed chair Jerome Powell. Bessent's remarks were made during an appearance on Fox News’ Sunday Morning Futures, where he addressed recent opposition from Republican Senator Thom Tillis. Tillis has expressed his intention to delay the confirmation process for the next Fed chair until the Department of Justice (DOJ) concludes its probe into Powell. Bessent highlighted Tillis's support for Warsh, describing him as a strong candidate. He suggested that the hearings should commence while the investigation led by attorney Jeanine Pirro continues. Despite backing Warsh, Tillis, a member of the Senate Banking Committee, has repeatedly stated his commitment to blocking the nomination until the DOJ uncovers the truth, emphasizing the importance of protecting the Federal Reserve's independence. Tillis told CNBC that he would introduce Warsh if the matter is resolved, but not before. Republicans hold a majority in the Senate Banking Committee, controlling 13 out of 24 seats, which could allow them to advance Warsh's nomination. However, Tillis's opposition could shift the decision-making power to the Democrats. The DOJ's investigation into Powell began in early January, involving grand jury subpoenas and potential criminal charges related to expenses on a renovation project at Fed office buildings. Powell has denied the allegations, arguing that the investigation is politically motivated due to the Fed's interest rate policy, which contrasts with the preferences of U.S. President Donald Trump. On January 30, Trump officially nominated Kevin Warsh to succeed Powell as the next Fed chair. Following a presidential nomination, the nominee must undergo a review hearing before the Senate Banking Committee. The committee then votes on whether to recommend the nominee to the full Senate. If confirmed by the Senate, the nominee can be sworn in as the next Fed chair.

Data shows order-book anomalies and liquidation cascades per flow data; market-making bot liquidation, BTC and ETH minute chart, CME Bitcoin futures gap source: https://coincu.com/news/bitcoin-edges-lower-as-bot-unwind-signals-surface/

Sanae Takaichi's landslide victory gives her the strongest mandate from the public, allowing her to fully implement her radical fiscal nationalist agenda. However, market concerns about her increasing Japan's debt burden have triggered volatility in the yen.

Pudgy Penguins has launched 'Pudgy Petals', a three-day Valentine’s pop-up in New York that brings its characters into a real-world gifting and retail experience. The event centres on a plush bouquet product and interactive activities, as the brand expands beyond NFTs into physical spaces and mainstream culture.

In a sweeping regulatory crackdown, the People’s Bank of China (PBOC), alongside a coalition of top state agencies, has formally banned the issuance of yuan-linked stablecoins and sharply curtailed real-world asset (RWA) tokenization

This paper proposes a simplified analytical framework for predicting market insider trading, elucidates the general understanding of insider trading, and explains how it should be applied to predicting markets.

Tens of thousands of NFL fans sit down to watch the Super Bowl, and many also keep an eye on a second screen—following the trading activity in the prediction market.

AI legal tools replace repetitive, transactional work, rather than the core of the legal profession—human professional judgment, ethical considerations, creative argumentation, and emotional connection.

While the US fiscal deficit may fluctuate in the short term, its long-term trend is towards deterioration. Policy commitments need to be translated into concrete actions, otherwise, they will exacerbate economic risks. Going forward, a balance must be struck between growth and responsibility to ensure fiscal stability.

Based on the latest developments in the cryptocurrency industry, Multicoin Capital outlined eight key investment themes in the crypto space, which it believes will drive the growth of cryptocurrencies and permissionless finance over the next decade.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse Morning 8," issue 2962, providing you with the latest and fastest news on the digital currency and blockchain industry.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, mining information, project updates, technological advancements, and other industry dynamics.