According to Ember Monitoring, Ethereum treasury firm BitMNR (@BitMNR) continued to buy 20,000 ETH today, worth $41.98 million. BitMNR (0xBf0...7f52) currently has a floating loss of $7.5 billion on its ETH holdings. Following this week's price decline, the firm has cumulatively bought 40,000 ETH, worth a total of $88.02 million, with an average purchase price of approximately $2,200.

South African Reserve Bank Governor Lesetja Kganyago warned of a potential "fragmentation" risk in the crypto asset market as stablecoins gain wider adoption. Speaking at the Warwick Economic Summit in 2026, Kganyago stated that central banks have a responsibility to "maintain the unity of the currency and its affordability for the public," and the development of stablecoins could pose a challenge to this goal. He pointed out that stablecoins, as digital tokens typically backed by assets such as US Treasury bonds and designed to be pegged to fiat currencies, have recently been increasingly used in South Africa as relatively low-volatility crypto asset instruments. The South African Reserve Bank had previously warned in November 2025 that the lack of comprehensive regulation of stablecoins was becoming a new risk to the country's financial system. Furthermore, Kganyago stated that rising global uncertainty highlights the importance of multiple financial models for central banks, especially in the context of changes such as US tariffs. (Bloomberg)

Market expert Umair Crypto has released an updated technical analysis on the Solana price from last week. In his new report, the analyst highlighted that Solana’s market structure still remains decisively bearish, especially after its recent crash to two-year lows. Despite the downtrend, Umair Crypto believes that Solana could still build enough momentum to reach higher levels. He has shared multiple bullish and a few bearish targets for the cryptocurrency, depending on its next price movements source: https://www.newsbtc.com/altcoin/can-solana-price-still-reach-a-new-ath-after-crashing-to-2-year-lows/

Bitwise advisor Jeff Park has addressed recent rumors regarding Nasdaq's position limits on IBIT options. According to NS3.AI, Park clarified that Nasdaq has not removed these limits. The current proposal under discussion seeks to standardize position limits for cryptocurrency ETFs, setting a cap of 250,000 for FBTC, ARKB, HODL, and Ethereum ETFs, similar to the existing limits for IBIT and BITB. Jeff Park highlighted that a request to increase the IBIT options limit to 1 million has been submitted but remains unapproved. He urged investors to independently verify information to avoid misinformation.

Two high school students from San Luis Obispo County, California, have been charged with multiple felonies after allegedly traveling more than 600 miles to Scottsdale, Arizona, in an attempted cryptocurrency robbery valued at $66 million. source: https://www.ethnews.com/california-teens-charged-after-alleged-66-million-crypto-robbery-attempt-in-arizona/

Coinbase CEO Brian Armstrong posted on social media that while the crypto market has experienced significant volatility in the past few days, this is not new, as the crypto industry has already gone through multiple market cycles. In his personal opinion, the current volatility will not change his long-term bullish stance on crypto assets. Armstrong pointed out that crypto technology is rapidly eroding the traditional financial services landscape, and the process of reshaping the financial system is still underway. At the same time, Coinbase will continue to deliver products and services in any market environment, focusing on driving the updates and upgrades of the financial system.

Bitwise advisor Jeff Park analyzed the sharp drop in Bitcoin and the crypto market on February 5th, arguing that the volatility was more likely triggered by risk mitigation within the traditional financial system and derivatives mechanisms, rather than by the fundamentals of the crypto industry itself or a single "black swan" event. Park pointed out that Bitcoin ETFs, especially IBIT, saw record trading volumes and options activity that day, with options trading clearly dominated by bearish positions. Furthermore, Bitcoin's price movements had been highly correlated with risk assets such as software stocks in previous weeks. February 4th was marked by Goldman Sachs' prime brokerage (PB) division as a day of extreme drawdown for multi-strategy funds, subsequently requiring rapid and indiscriminate deleveraging for risk management. This process impacted Bitcoin-related positions and further amplified the decline on February 5th. He analyzed that although prices fell by more than 13% within two days, and the market initially expected large-scale ETF outflows, actual data showed that Bitcoin ETFs as a whole actually recorded net inflows, with IBIT adding approximately 6 million units, increasing its size by over $230 million. This indicates that the selling pressure primarily stemmed from "paper money" and non-directional trading related to hedging and market making, rather than a long-term capital outflow. Jeff Park further hypothesizes that multi-asset portfolios were forced to deleverage in a highly correlated environment, including hedging exposure to Bitcoin; rapid liquidation of options and basis trading triggered a short-term gamma effect, forcing counterparties to sell IBIT during the decline, thus exacerbating volatility, but without resulting in a substantial long-term capital outflow. Bitcoin prices rebounded on February 6th as some neutral strategies replenished their positions. He concludes that this decline is more likely a result of the resonance between traditional financial system risk management and derivatives mechanisms, rather than a structural deterioration in the crypto market itself. Changes in ETF net inflows in the following days will be a crucial indicator for determining whether new long-term demand has emerged.

Bitwise advisor Jeff Park clarified recent market rumors, stating that the claim that "Nasdaq has removed the IBIT options position limit, thus giving Wall Street unlimited leverage" is untrue. Park explained that "removing standard restrictions on crypto assets" does not equate to "no restrictions whatsoever," but rather corrects previous non-standard, discriminatory rules imposed on crypto assets. The relevant documents actually propose removing the 25,000-unit options position limit for FBTC, ARKB, HODL, and the Ethereum ETF, aligning it with the current 250,000-unit standard position limit for IBIT and BITB, to achieve fair competition at the rule level. He further pointed out that IBIT's application to increase the options position limit to 1 million units was indeed submitted last November, but has not yet been approved. Park also reminded investors to maintain the habit of independent research (DYOR), not to blindly trust unverified market interpretations, and to verify through the OCC database that the current IBIT options position limit remains at 250,000 units.

Weak structure and defensive positioning will continue to limit upside conviction. source: https://ambcrypto.com/21shares-ondo-etf-filing-sparks-attention-but-will-it-help-its-price/

null source: https://x.com/BSCNews/status/2020285759241216408

Bithumb, a South Korean exchange, has an outrageous operational ceiling: Bithumb issued 620,000 BTC out of thin air. (Golden Finance) Someone almost made a free $130 million profit.

2026 will be the year we decide that mainstream adoption at the expense of core values ​​is not worthwhile. Decentralization that is "good enough" is not good enough. Users deserve something better than trusting infrastructure providers to access "trustless" networks.

While regulatory oversight of virtual currencies and stablecoins has been further strengthened, a narrow compliance loophole seems to have been left open for RWA businesses, which were recently subject to strict regulatory scrutiny.

This game is far from over—the next wave of price increases may not be driven by optimism, but by the essential need to "have to buy."

Barclays believes that the sharp decline in the software industry is having a significant impact on its business development companies, which hold a high percentage of investment exposure (20%).

"2.6" is destined to be recorded in the history of virtual currencies, and it seems to have provided the reason for this crash.

This article provides a comprehensive, point-by-point interpretation of the recent joint notice issued by eight ministries.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse Morning 8," issue 2960, providing you with the latest and fastest news on the digital currency and blockchain industry.

RWA, Law, Policy, Official Stance: The Rules of the Game for RWA in China Have Been Defined—RWA Will No Longer Be a Gray Area. Golden Finance, February 6, 2026, a day worth remembering.

The China Securities Regulatory Commission (CSRC) hereby issues the "Regulatory Guidelines on the Issuance of Asset-Backed Securities Tokens by Domestic Assets Overseas," which shall take effect from the date of issuance.