U.today

After a massive V-shaped recovery from its flash crash to $60,000, one of the world's largest asset managers hasindicated that the bottom might be in.

Jurrien Timmer, the director of global macro at Fidelity Investments, has publicly identified the mid-$60k range as a critical buy zone.

The key price point

The broader market was fixated on macro headlines last week, but Timmer kept his eye on Bitcoin's technicals. Despite the fear that gripped the market earlier today, he reaffirmed his conviction in the asset's price floor.

"The markets spoke loudly last week to the next Fed Chair being announced," Timmer wrote. "For Bitcoin, though, I continue to view $65k as an attractive entry point."

Gold will keep outperforming Bitcoin

Timmer also addressed the "elephant in the room", which is the fact that gold has recently outperformed its digital counterpart.

Gold has surged to new all-time highs due to central bank buying and geopolitical fear.

Timmer attributes this lag to technical positioning rather than a fundamental failure of Bitcoin.

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"Given the distance between gold and Bitcoin vis-à-vis their support levels," Timmer explained, "I suspect that gold will continue to outpace Bitcoin until the flows converge further."

Timmer shared what he described as a "somewhat cosmic-looking chart" tracking commodities and bonds since the cyclical bull market began in October 2022.

The data highlights a stark reality for traditional 60/40 portfolios: long-term bonds are failing to protect investors, while "hard assets" are soaring.

"In my view, commodities (including precious metals) continue to serve as important diversifiers in this era of fiscal dominance, regardless of who finances the debt and how," Timmer stated.

He noted that precious metals have "quickly... risen in the ranks despite their very low correlation" to the S&P 500, effectively taking market share from Bitcoin in recent months. In contrast, long bonds remain "dead last," warning that if bonds become positively correlated with stocks again, investors will desperately need "uncorrelated assets (including alts) to navigate risks."

18 years vs. 5 millennia

In a chart comparing the inflation-adjusted market capitalizations of monetary assets, he noted that gold currently sits at roughly $35 trillion, while Silver and Bitcoin are tied at approximately $1.8 trillion.

The speed at which Bitcoin reached that milestone, however, is unprecedented in human history.

"It’s amazing to me that it took Bitcoin 18 years to reach a market cap of $1.8 trillion; it took silver five millennia," Timmer observed. "Apples to oranges of course, but still."

Andrew Webley, CEO of newly London-listed The Smarter Web Company, dismissed the "Hotel California" liquidity crisis facing other digital asset treasuries.

Despite the company’s Bitcoin treasury sitting nearly $100 million underwater, Webley rejected the idea of capitulation.

The founder of The Smarter Web Company Plc (SWC)has told Bloomberg that he would rather sell his own arm before selling Bitcoin.

"Hotel California"

According to a recent report by Tokenize Capital, many DATs are now "zombie companies," forcing them to sell assets just to keep the lights on.

If these firms turn into forced sellers, this could shatter conviction in Bitcoin.

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That said, Webley claims this "healthy operating business" provides the cash flow needed to service costs without touching the Bitcoin stack

The company, which has acquired roughly £220 million, is the leading corporate Bitcoin holder in the UK.

MSTR's sudden recovery

As reported by U.Today, Bitcoin recently reclaimed the $70,000 level, and it is now on track to record its best daily gain in years.

The shares of Strategy (MSTR), the leading corporate Bitcoin holder, are currently up by more than 23%.

This could finally be the start of the much-awaited recovery for the embattled digital asset companies.

Ripple integrates Hyperliquid

Ripple Prime International CEOshares excitement about latest integration with potential upside for XRP.

Derivatives access. Ripple has enabled Hyperliquid support on its institutional prime brokerage platform, Ripple Prime.

Ripple Prime International CEO Mike Higgins shares his excitement about the latest integration of Hyperliquid, a leading decentralized derivatives venue. Yesterday, Ripple announced that Ripple Prime, its institutional prime brokerage platform, has enabled support for Hyperliquid.

According to Mike Higgins, the next phase of institutions joining the on-chain economy starts with capital markets' integration and the integration of HyperliquidX, a liquid venue for crypto price discovery and on-chain derivatives remains an obvious place to start.

XRP cross margin. Ripple Prime clients can now cross-margin crypto across asset classes, including XRP.

The move enables institutions to access on-chain derivatives liquidity through HyperliquidX; Ripple Prime customers can also cross-margin crypto with all asset classes supported by the prime brokerage platform, which includes XRP.

Higgins signals benefits for XRP amid the latest Hyperliquid integration, saying, "From XRP and other crypto assets to heavy metals perps. I’m incredibly excited for Ripple Prime clients to be able to tap into this liquidity through a single, secure counterparty."

Peter Brandt flags 'campaign selling' of Bitcoin

Legendary trader Brandtspots a cold, surgical sell-off unfolding.

Manufactured crash. Peter Brandt says Bitcoin’s eight-day downtrend shows signs of deliberate campaign selling, not random liquidation.

According to veteran chartist Peter Brandt, the current eight-day downtrend on Bitcoin (BTC) shows all the hallmarks of a calculated campaign sell-off, not a random liquidation.

His analysis points to two critical levels now in play: the already-breached $70,000 and a far more ominous target at $63,800, based on a measured move from the recent wedge breakdown. With over $850 million wiped out in liquidations and fear metrics collapsing, this is not a normal dip.

Campaign selling. Brandt highlights a clear pattern of lower highs and lower lows, describing it as institutional-sized flows systematically reducing exposure.

If Brandt’s structure plays out, the market may be staring down a deeper flush that few retail holders are ready for.

In his latest public Bitcoin outlook, Brandt pointed to the ongoing eight-day streak of lower highs and lower lows in BTC’s price, characterizing the formation as a textbook example of "campaign selling" — in which institutional-sized flows systematically get rid of excessive exposure to the cryptocurrency.

Vitalik-Linked on-chain activity adds pressure to Ethereum sell-off

Ethereum co-founder Buterin is activelyselling his Ethereum holdings.

ETH sell-off. On-chain data shows wallets linked Buterin traded roughly 2,961.5 ETH (about $6.6 million) over the past three days.

High-profile on-chain activity connected to Ethereum Cofounder Vitalik Buterin seems to be the most recent catalyst for the severe selling pressure that Ethereum is currently experiencing.

Blockchain tracking data indicates that over the past three days wallets linked to Buterin have bought and sold about 2,961.5 ETH, or roughly $6.6 million, at an average execution price of about $2,228.

Volume spike. The breakdown triggered one of the largest sell-offs since mid-2025, sending ETH rapidly into the $2,100–$2,200 range.

The timing of this activity is critical for Ethereum's price structure. ETH has already lost important support zones on the daily chart, which were once strong consolidation areas around $2,800 and $2,700. One of the biggest sell-offs since mid-2025 occurred as a result of the most recent breakdown, which drove the price quickly toward the $2,100-2,200 range.

Sellers, not passive holders, are driving the current price action, as evidenced by the volume spike during the decline.

Bitcoin has just stormed back above the $70,000 psychological threshold, according to data provided by the Bitstamp exchange. It has managed to reach an intraday high of $70,224.

On Thursday, a cascade of institutional selling drove the price vertically down. Bitcoin pierced support levels to hit a wick low of approximately $60,000

However, the "V-shaped" recovery has been just as violent as the crash. Bitcoin has rallied over $10,000 from the lows in a matter of hours.

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In fact, BTC is now on track to record the biggest one-day gain since March 13, 2023. This date marks the "SVB Crisis" rally. Following the collapse of Silicon Valley Bank, the Fed stepped in with the BTFP (Bank Term Funding Program). Bitcoin surged approximately 9.6% in a single day. Since then, there have been remarkably few single-day candles exceeding 10%.

However, it remains to be seen whether this recovery will be more than a dead cat bounce, and the bulls are definitely not out of the woods just yet.

Shiba Inu fell to a never-before-seen-low of $0.00000507 in the intraday session on Friday. The last time Shiba Inu traded near this level was in September 2021, when it reached $0.00000510.

The broader crypto market extended its sell-off on Friday, with several cryptocurrencies, including Shiba Inu, plunging deeper into losses.

In the last 24 hours, $2.44 billion were liquidated in leveraged bets across the crypto market, according to CoinGlass data. A total of $1.9 billion of this figure was long positions expecting the market to rebound, while short positions accounted for $535 million.

Cryptocurrencies have been on shaky ground following a brutal sell-off last October, which sapped market confidence. Selling increased this week in line with an unwinding of leveraged bets and broader market volatility.

Where to from here?

Shiba Inu marked three days of declines from February, with Thursday's drop being the largest as SHIB fell from $0.0000067 to $0.00000558.

The drop continued on Friday, pushing SHIB to a rare low of $0.00000507 as it plunged to oversold levels. Shiba Inu afterward rebounded, reaching $0.00000620. Shiba Inu had slightly recovered, also still trading in red, down 3.44% in the last 24 hours to $0.00000615 and down 16% weekly.

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Amid the drop, crypto market sentiment fell to its lowest level since the FTX collapse, as the Fear and Greed Index dropped to 9, signaling "extreme fear" as traders adjusted their positioning amid the market crash.

In previous cycles, extreme fear has often coincided with local bottoms, mostly because panic sentiment tends to flush out leveraged traders and short-term holders. This rebound scenario will be watched for in coming sessions.

A positive precedent was set the last time SHIB traded near the $0.000005 low. Shiba Inu increased 830% in the following month, after hitting a low of $0.0000051 in September 2021 to reach an ATH of $0.000088 in October 2021.

Next key resistances for Shiba Inu lie at $0.0000077 and $0.00001 (the daily MA 50 and 200) in the event that the market rebounds.

In other news, Coinbase is set to launch COIN50 Perpetual-Style Futures, which includes Shiba Inu and allows investors to gain exposure to the top 50 digital assets through a single perpetual-style futures contract.

Bitcoin surged 10% to $66,800 just a day after a 17% crash, while the S&P 500 took only a 0.47% upside, causing Wall Street to take notice. Popular TV hostJim Cramer points to the phenomenon of "leverage rotation," saying investors sold their stocks to capitalize on Bitcoin.

The setup shows a bigger change — Bitcoin is separating itself from regular markets when things get stressful. Gold and silver also rose, but neither matched BTC's upside pull. Crypto is making a comeback after losing ground in a liquidation death spiral, and equities are feeling the impact.

The Bitcoin rally's impact on the S&P shows you the leverage that's in the system. People sold the S&P to finance their bitcoin

— Jim Cramer (@jimcramer) February 6, 2026

The result is not just an anomaly — it is a sign that capital may be exiting stocks for something riskier this Friday.

Bitcoin becomes Wall Street's leverage

According to Cramer, the rally onBitcoin (BTC) showed just how much leverage is built into the system. His theory is that investors are offloading their S&P 500 positions to put their money into Bitcoin instead.

Whether it is meant as serious criticism or just a general assessment, the data seems to back up his point. And it is not just stocks taking a hit.

Bitcoin is now traded like its own asset class, especially when liquidity tightens. Risk-on days used to lift all boats. Not this time. While Bitcoin soared, capital rotated violently out of equities.

Even traditional safe havens like gold (+2.77%) and silver (+5.68%) could not match BTC’s magnetism.

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Looking at the big picture, the S&P 500 had been holding on near record highs above $7,000 for a while, but then it took a big dip in February. On Tuesday, it had its worst day since October, dropping below its short-term support level.

The idea that Bitcoin would eventually become separate from traditional markets during big economic problems is now happening, though in a weird way.

Nobel Prize-winning economist Paul Krugman argues that the current crypto crash differs from previous cycles due to a crisis of faith after the previous rally was driven mostly by politics.

The "libertarian ideology" that historically supported Bitcoin’s floor doesn't apply now that the asset has become a "political creation."

"It has bounced back several times from big declines because people had faith in it and because... there was a lot of ideology behind it. But this time looks different," Krugman said.

"Fimbulwinter"

Krugman claims that BTC may be facing its "Fimbulwinter", a reference to Norse mythology that describes the final winter before Ragnarok (the end of the world).

He has argued that Bitcoin is not going to be an enduring asset after the leading cryptocurrency severely underperformed gold.

"…the next gold turns out to be gold, not Bitcoin. I think it's a big wake-up for people that, you know, maybe this isn't actually going to be an enduring asset," Krugman said.

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"In terms of the original idea that this was actually a superior form of money, it's a total bust, and it's a 17-year-old bust. That's the thing that gets to me. This is not an idea of the future. This is not a cutting-edge technology. This is something that is only slightly younger than the first iPhone."

"If it hasn't made any inroads as an actual legitimate means of payment in 17 years, then clearly, it wasn't a great idea to start with," he said.

A bottom signal?

During the massive crypto crash, the industry’s most vocal and long-standing critics have re-emerged to read its last rites. In the span of just 48 hours, Krugman, Nouriel Roubini, and Mark Dow have all issued statements predicting the total collapse of the asset class. Asreported by U.Today, Roubini recently went as far as predicting another crypto apocalypse.

Some market observers now view this chorus of doom as a buy signal.

Earlier today, Bitcoin crashed to $60,255, the lowest level since October 2024, but it then managed to pare these losses.

Binance has announced delistings on its spot and futures trading volume as February progresses. The crypto exchange also revealed listings for new tradfi perpetual contracts.

In a recent announcement, Binance issued a notice of removal of 20 spot trading pairs on Feb. 6. The affected spot trading pairs include those of AI and DeFi tokens RENDER/FDUSD, NEAR/FDUSD and SUSHI/BTC.

Others affected include AUDIO/BTC, BB/FDUSD, BERA/FDUSD, EIGEN/BTC, FIDA/BTC, HEI/BTC, IOTX/ETH, KERNEL/FDUSD, MANTA/BTC, MTL/BTC, PEOPLE/FDUSD, RONIN/BTC, SAPIEN/BNB, SCR/BTC, S/ETH, S/FDUSD and VANA/FDUSD.

The delisting only pertains to the affected trading pair as the tokens can still be traded in other trading pairs available on Binance.

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In a similar action, two perpetual contracts will be delisted on Feb. 10. In a separate announcement, Binance stated that its futures platform, Binance Futures, will close all positions and conduct an automatic settlement on RVVUSDT and YALAUSDT Perpetual Contracts on Feb. 10 at 9:00 a.m. (UTC). The contracts will then be delisted after the settlement is complete.

Binance usually reviews the crypto assets listed on its platform, with the delistings following one such review.

Binance to list Amazon, Strategy perpetual contracts

Binance will be launching multiple equity perpetual contracts on its platform on Feb. 9. These include Amazon(AMZNUSDT), Strategy (MSTRUSDT), Palantir (PLTRUSDT), Circle (CRCLUSDT) and Coinbase (COINUSDT). These will be launched between 2:30 p.m. (UTC) and 3:10 p.m. (UTC) on Feb. 9, with 10x leverage.

This serves to expand the list of trading choices offered on Binance Futures and improve users’ trading experience. The TRIAUSDT Perpetual Contract is set to be launched with up to 50x leverage on Feb. 6.In separate news, Binance has completed the purchase of 3,600 BTC for its SAFU Fund, amounting to 250 million USD stablecoins. Binance's SAFU BTC address now holds 6,230 BTC.

According toWhale Alert, a fresh $1,000,000,000 USDT mint has entered the crypto market today, landing just asXRP andShiba Inu (SHIB) attempt rebounds from their deepest 2026 sell-offs.

The situation is different for these popular cryptocurrencies, though. One one side, XRP is reacting after collapsing through multimonth support at $1.30. On the other, SHIB is fighting to escape extreme downside zones last seen during prior market stress cycles.

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (999,707,500 USD) minted at Tether Treasuryhttps://t.co/xJD8CP4OGN

— Whale Alert (@whale_alert) February 6, 2026

Whether this $1 billion capital injection becomes defensive fuel, speculative firepower or a simple balance sheet for exchanges like Binance or Coinbase will shape how altcoins like SHIB and XRP behave in the weekend ahead.

XRP and Shiba Inu (SHIB) skyrocket amid "dead cat bounce"

After the dust of the $2.6 billion liquidation tsunami settled, XRP has exploded nearly 18% off its capitulation lows near $1.22, bouncing hard from a 26% breakdown that nearly triggered panic across long-term holders. XRP is still down over 40% from its December peak and remains locked below critical resistance zones near $1.60.

The price action looks reactive but not yet conviction-driven, and comes just days afterXRP printed its lowest level since October 2025.

In the meantime,Shiba Inu (SHIB) is grinding back to the $0.0000068 resistance after briefly spiking below $0.00000507, a level not seen since the Terra collapse in 2023. The 7.8% bounce today might look like relief, but structurally, SHIB remains in a brutal downtrend. The meme coin is still trading 86% below its local top and faces layered supply walls near $0.000009 and $0.00001102.

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The timing of the $1 billion USDT mint raises key questions. Is this new liquidity designed to stabilize plunging altcoins? Or is it dry powder for exchange reserves amid cascading liquidations?

For now, all eyes remain on XRP’s ability to reclaim $1.6 and SHIB’s fight to break out of its liquidity trap. If this $1 billion hits exchanges in full force, the next move could be decisive — up or down.

Tether CEO Paolo Ardoino, on Friday, Feb. 6, sparked fresh discussion in the crypto community after making a post that seems bullish for Bitcoin amid the deep price correction seen across the crypto market.

The long-time Bitcoin advocate and founder of the largest stablecoin firm expressed his current mood in relation to Bitcoin via a recent X post featuring a short video depicting an army at war, holding a shield and sword.

Considering the timing of the post and Bitcoin’s current market performance, Ardoino’s post has been widely interpreted as a metaphor for resilience and defense under the looming sell-off pressure.

Bitcoin drops 50% from ATH

Ardoino issued the post just after Bitcoin retested $60,000 as it continues to drop significantly in price.

Amid the prolonged price correction, the asset has now plunged by more than 50% from its all-time high, marking one of its deepest price declines in recent market cycles.

While the high market volatility has continued to spark doubts among investors, with the leading cryptocurrency facing sustained selling pressure amid broad market uncertainty, Ardoino’s recent post suggests that major players view the downturn as a test of endurance rather than a defeat.

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While Bitcoin’s high-profile investors and institutional investors have continued to show resilience amid the deep price correction, they have continued to double down on Bitcoin’s dip, signaling long-term confidence in Bitcoin’s future price prospects.

Following the widespread narrative that periods of extreme volatility and fear often precede recovery phases, and that conviction is forged during market distress, the post issued by Tether’s CEO has further sparked hopes among smaller investors.

The crypto market is facing one of the biggest dumps in recent times, according to CoinMarketCap.

BTC/USD

The rate of Bitcoin (BTC) has declined by 4.79% over the last 24 hours.

On the daily chart, the price of BTC has made a false breakout of yesterday's bar's low at $62,200. Even if the bar closes far from that mark, the main crypto has not accumulated enough energy for a continued upward move.

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In this case, sideways trading in the range of $63,000-$70,000 is the most likely scenario.

Bitcoin is trading at $66,305 at press time.

ETH/USD

The rate of ETH has fallen by 6.7% since yesterday.

From the technical point of view, Ethereum (ETH) is trading similarly to BTC. The rate of the main altcoin is below the psychological mark of $2,000. Until its breakout happens, traders may expect a further decline to the $1,700-$1,800 range.

Ethereum is trading at $1,923 at press time.

XRP/USD

XRP is the exception to the rule, rising by 0.92% over the last day.

On the daily time frame, the rate of XRP has bounced off the nearest support at $1.2543. However, buyers might need more time to accumulate energy for further growth. In this regard, sideways trading in the zone of $1.35-$1.50 is the most likely scenario over the next few days.

XRP is trading at $1.3792 at press time.

ADA/USD

The price of Cardano (ADA) has fallen by 3.7%.

Despite today's growth, the rate of ADA remains under bears' pressure. Bulls may start thinking about a possible bounceback only if the rate fixes above the nearest level at $0.2756. Until it happens, traders may expect an ongoing correction.

ADA is trading at $0.2634 at press time.

SHIB/USD

SHIB has kept up with most of the other coins, going down by 4.49%.

On the daily chart, the rate of SHIB has made a false breakout of the $0.00000543 level. If the candle closes far from that mark, the bounce back may continue to the $0.00000650 area.

SHIB is trading at $0.00000604 at press time.

Precision is a "foreigner" in a $1.2 trillion market defined by chaos and slippage. Yet, following yesterday’s brutal $2.6 billion liquidation cascade,Bitcoin achieved the statistically impossible — a "perfect bottom" at exactly $60,000.00.

Across global order books, from Coinbase to Binance, as presented by TradingView, the price halted without a single cent of deviation.

Is this algorithmic perfection, a coordinated institutional floor, or a "ghost order" from the industry's deepest pockets? We deconstruct the most surgical market event since Satoshi vanished.

Bitcoin's perfect bottom amid $2.6 billion bloodbath

The chart stopped dead at $60,000 — not a cent more, not a cent less forBitcoin (BTC). After a staggering $13,000 drop in a single daily candle, the price of the leading cryptocurrency printed an eerily perfect bottom across Binance, Bybit, Coinbase and even regional derivatives platforms.

No wicks through, even by $0.01, just pure symmetry. It was as if a force beyond retail and algorithmic logic had dumped Bitcoin straight to $60,000 and bought it.

The move began during early U.S. hours when cascading liquidations — triggered by failed support at $66,000 — accelerated down through $62,000 and briefly touched $60,000 before instantly bouncing.

Last time the market saw something like this was when the price of Bitcoin peaked exactly at memetic$69,420 BTC back in 2021, marking the all-time high for the cryptocurrency for the next three years.

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Speculation ranges from coordinated OTC desks to algorithmic triggers coded to protect balance sheets. Still, questions like "was this price level programmed?" or "is it a round-number psychological trap?" remain unanswered.

Whatever the case, the $60,000 line now carries mythic weight. If it holds, it may be remembered like $3,000 in 2018 or $69,420 in 2021. But if broken, it could trigger a mass exodus to $47,000.

For now, welcome to Bitcoin's new mystery.

Industry participants might be focused on the current market meltdown, but Bitwise is choosing to position in the DeFI world throughUniswap. In a recent update, it was revealed that Bitwise has filed for a spot Uniswap ETF, a rare feat considering the current market outlook.

Bitwise Uniswap ETF merits

Bitwise Uniswap ETF'sregistration statement was filed on Feb. 5 with the United States Securities and Exchange Commission (SEC).

Per the filing, Bitwise said the UNI fund will not include staking to start, but it plans to add it later if needed.

"The Trust’s investment objective is to seek to provide exposure to the value of Uniswap held by the Trust, less the expenses of the Trust’s operations and other liabilities," according to the statement.

Having co-pioneered othermajor crypto ETFs, the choice of Uniswap was not far-fetched. UNI is the native token of the Uniswap decentralized exchange. As the leading DEX, UNI offers a unique value proposition.

New UNI token crypto ETF filedBitwise Uniswap ETFTicker: tbaFees: tbaEffective date: tbaUniswap (decentralized smart contracts exchange built on Ethereum):https://t.co/9RpAhCGzBCBitwise ETFs:https://t.co/bjDpw84avfPreliminary prospectus:https://t.co/3N85aH5e8w… pic.twitter.com/V2qoGa7BaB

— ETF Hearsay by Henry Jim (@ETFhearsay) February 6, 2026

Among other uses, UNI helps to offer an incentive on the exchange and as a governance token. Per the filing, Bitwise has enlisted Coinbase Custody Trust Company LLC as the custodian for the fund if approved.

UNI price reacts

Despite the positive ETF update, the price of Uniswap has generally underperformed, in line with market realities.

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As of writing time, the token was changing hands for $3.33, down by 7.91% in the past 24 hours. This price level is the worst it has recorded since June 2024.

The sell-off has, however, not impacted other crucial metrics like trading volume, which has jumped by more than 90% to $692.7 million.

Uniswap has been in the news lately, with a recent update hinging on Binance setting a newlisting standard for UNI. With the Bitwise ETF and other key market advances, the UNI price may clear its biggest deficit in the weeks to come.

The People's Bank of China (PBOC) hasissued a comprehensive new mandate aimed at stamping out the evolving risks in the digital asset sector alongside seven other powerful government ministries, Sina, a major Beijing-based publication, reports.

The notice, titled "Notice on Further Preventing and Disposing of Risks Related to Virtual Currencies," was released jointly by the PBOC, the National Development and Reform Commission (NDRC), the Ministry of Public Security, and the China Securities Regulatory Commission (CSRC), among others.

It established that conducting virtual currency-related business activities within China constitutes illegal financial activity and is strictly prohibited. It also established a coordination mechanism for cracking down on the hype of virtual currency trading to continuously clean up and rectify the chaos in virtual currencies.

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The notice explicitly states that "domestic entities and the offshore entities they control" are prohibited from issuing virtual currencies overseas without explicit approval from relevant authorities.

It emphasizes that no unit or individual, domestic or foreign, may issue stablecoins pegged to the Renminbi overseas without approval from relevant departments.

Further crackdown on mining

The notice reiterates the prohibitive policy on virtual currency "mining" within China. The National Development and Reform Commission will lead the strict control of virtual currency "mining" activities.

China's numerous bans

Since 2013, China has issued numerous decrees restricting digital assets, each one framed as the final nail in the coffin.

In 2017, the world's second-largest economy banned crypto exchanges, causing a massive crash.

In 2021, China banned crypto mining, forcing the "Great Migration" of hashrate to the U.S.

In early December 2025, the PBOC released a statement vowing to intensify its crackdown on "virtual currencies," specifically targeting stablecoins.

In recent weeks, XRP Ledger has seen a sharp increase in activity, with on-chain metrics indicating that transaction counts and payment volumes have quickly increased by almost 20%.

Investors are currently awaiting the Feb. 8 results of XRP ETF trading and its impact on price dynamics and overall market sentiment, so this spike comes at a critical time for XRP markets.

Moving in darkness

Cryptocurrency markets have historically been significantly impacted by ETF-related flows; for instance, Bitcoin ETFs saw outflows of almost $500 million during a time of increased market stress, which drove the market as a whole lower and put significant downward pressure on BTC.

Investors in XRP are now unsure whether a similar situation might occur or if XRP will act differently. According to the current market structure, XRP might escape a disastrous sell-off, driven by ETFs like the one that recently occurred with Bitcoin. Despite its weakness, the price action has not completely crashed, and there is still some buying activity near important support zones.

XRP Ledger activity grows

On the other hand, on-chain activity presents a more nuanced picture. There is a massive network transaction flow indicated by the spike in XRP Ledger usage. While increased activity may occasionally be a sign of expanding adoption or rekindled investor interest, it can also be a sign of increased token movement toward exchanges.

XRP is at a turning point as we approach the ETF results. ETF flows staying steady and general market sentiment improving could cause XRP to level off and start building a recovery base. Further downside pressure is still possible, though, if ledger activity keeps showing heavy distribution and ETF flows fall short of expectations.

XRP saw a significant volume surge on a major derivatives exchange, even as the broader crypto market intensified its weeklong sell-off on Friday.

In the last 24 hours, $2.51 billion were liquidated in leveraged bets across the crypto market, according to CoinGlass data. A total of $2.03 billion of this figure was long positions expecting the market to rebound, while short positions accounted for $475.66 million.

Amid the crash, XRP's futures volume rose 5,674% in the last 24 hours to $214.89 million on the Bitmex crypto exchange, even as the market traded lower.

Cryptocurrencies have been on shaky ground following a brutal sell-off last October, which sapped market confidence. Selling increased this week, in line with an unwinding of leveraged bets and broader market volatility.

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At the time of writing, XRP was down 0.18% in the last 24 hours to $1.36, a low last seen in November 2024, when it rose sharply by nearly 300%, from $0.49 to $1.95.

What to watch now?

Open interest (OI) has declined in futures tied to major cryptocurrencies, including XRP, which was down 6.57% in the last 24 hours to $2.46 billion. Crypto market sentiment has also fallen to its lowest level since the FTX collapse, as the Crypto Fear and Greed Index fell to 9, signaling "extreme fear," with traders adjusting their positioning amid the market crash.

In previous cycles, extreme fear has often coincided with local bottoms, mostly because panic sentiment tends to flush out leveraged traders and short-term holders. This rebound scenario will be watched for in coming sessions.

For economic data, investors will be looking out for the University of Michigan’s consumer sentiment index, which is due to be published at 10:00 a.m. ET.

The release of the key nonfarm payrolls report for January, initially due Friday, is now expected on Feb. 11.

Next week, investors will be watching the release of the consumer price index report for January, which has also been delayed till Feb. 13, two days later than originally scheduled.

In RLUSD news, Bitrue has listed 10 new Ripple USD stablecoin trading pairs, including BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, SOL/RLUSD, TRX/RLUSD, ADA/RLUSD, BNB/RLUSD, DOGE/RLUSD, SUI/RLUSD and HBAR/RLUSD.

Ethereum is going through one of its most aggressive sell-off periods in recent memory as funds, ecosystem insiders and major holders all try to limit their exposure. As volatility increases and ETH moves closer to the psychologically crucial $2,000 zone, on-chain data now reveals a wave of forced selling and liquidation avoidance from some of the largest market players.

Large holders start selling

The founder of Aave, Stani Kulechov, sent out the most recent signal just hours ago when he sold 4,503 ETH for about $8.36 million at about $1,857. These actions by prominent ecosystem players are rarely ignored and frequently heighten market anxieties, particularly in times of unstable markets. 

Large amounts of ETH are still being sold by Trend Research to exchanges at the moment. In an effort to sell and lessen its exposure to debt, the fund recently sent Binance 20,000 Ethereum, or $38.6 million. With $343.77 million in debt and liquidation thresholds ranging from $1,509 to $1,800, Trend Research currently has 416,149 ETH on Aave valued at almost $791 million.

That is not the end of the pressure. Additional reports indicate that wallets may be connected to Konstantin Lomashuk, a well-known ETH user and cofounder of P2P.org and cyber. His fund transferred 12,458 stETH and 2,566 ETH, or about $29 million, to Wintermute. This is usually a sign that market sales or liquidity operations are about to begin. 

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Simultaneously, Lomashuk reportedly went long ETH four days ago in an attempt to catch the market bottom but was fully liquidated six hours ago, losing more than $4 million as the price continued to decline. The attempt demonstrates how even seasoned market players miscalculated downside risk.

ETH pushed on Binance

Additionally Trend Research transferred 203,000 ETH valued at $457 million to Binance overall. The company currently owns over 463,000 ETH, and its total losses are estimated to be over $855 million. Additionally, it has been reported that Vitalik Buterin has been selling Ethereum, which has put additional psychological pressure on the market.

As leveraged positions, funds and whales all unwind at the same time, Ethereum appears to be going through a coordinated exodus. The upcoming weeks are crucial for the asset's long-term trajectory

Amid the bearish outlook of the leading cryptocurrency asset, Bitcoin (BTC), some stakeholders remain concerned about quantum threats. One of them, Capriole founder Charles Edwards,insists that quantum computing threats are real and long-term issues that need urgent attention and action.

Quantum computing risk not Bitcoin price driver

According to Edwards, there is a strong need in 2026 to tackle the potential challenges that quantum computers could pose to Bitcoin. He maintains that the Bitcoin community has to do something to secure the asset and other blockchains, not in the future but now.

Meanwhile, Edwards says quantum computer threats do not justify the current bearish price of Bitcoin.

"It does not justify prices of $60K today, it's more than fully priced in," Edwards wrote.

Notably, some segments of the crypto community argue that Bitcoin’s price should be high right now because of looming quantum risk. They believe that upgrades would make Bitcoin stronger and safe, thereby increasing its value.

The Quantum threat is big and must be addressed with urgency this year. That said, it does not justify prices of $60K _today_, it's more than fully priced in.

— Charles Edwards (@caprioleio) February 6, 2026

Additionally, with "race to safety" narratives circulating, Bitcoin should begin to climb in value. However, Edwards says this logic is not sound as quantum risk is not a valid reason because the market has already accounted for the quantum narrative.

It appears that a Bitcoin accumulator,Strategy’s Michael Saylor, is already making moves to address quantum computer threats. As per reports, Strategy is planning to launch a Bitcoin security program that would tap into communities for solutions to the threat.

However, unlike Edwards, Saylor believes the threat is still more than 10 years away, and most industry players are still relying on traditional cryptography. He thinks that a shift to protect against quantum threats would be arrived at via consensus.

Another renowned voice in the industry, Craig Wright — the self-styled Satoshi Nakamoto from Australia — hasdismissed threats from quantum computers. Wright refers to the narratives as "bedtime stories." He insists that the fears are just noise, as no quantum computer can break a hash.

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Experts downplay panic from quantum threat

Interestingly, Craig Wright is not alone in this line of reasoning. AGoogle veteran, Graham Cooke, has stated that the math behind wallets remain stronger than the "fabric of space time."

He argues that even if there are advances in quantum computing, the mathematics protecting digital assets remain foolproof against any threats.

For his part, JAN3 CEO Samson Mow has said people in the crypto space shouldstop stressing themselves over the "wrong things" when reacting to quantum threats. Mow maintained there is no need to worry.

It is Feb. 6, Friday, and the crypto market is dealing with the implications of yesterday's $2.6 billion bloodbath; that is how much, according to CoinGlass, was liquidated in derivatives on crypto yesterday.

On today's agenda, though, is how Grayscale just dumped XRP worth $1.15 million in one day as the price plummeted 26%. Cardano Creator Hoskinson claims to have lost over $3 billion, yet he refuses to cash out. Meanwhile, the ADA charts indicate an 80% drop straight to $0.053.

Finally, Binance pulled the plug on 20 spot pairs right after $2.6 billion in liquidations rocked the market. Bitcoin bounced back up to $60,000, but it still looks doomed, down 48% from its October peak.

There are no catalysts or safety nets — just "blood in the streets," as Ripple CEO Brad Garlinghouse has said. Altcoins are being wiped out, miners' reserves and ETFs have become weapons, and "crypto winter" is no longer a nightmare scenario; it is the current environment.

TL;DR

Grayscale was revealed as one of the biggestXRP ETF sellers amid a -26% daily price crash.Cardano creator Charles Hoskinson says he lost over $3 billion in crypto, ADA eyes $0.053.Binance cuts 20 spot pairs after a $2.6 billion liquidation storm asBitcoin dips to $60,000s.No, secret Ripple founder is not dumping XRP: Here's who is

If you were one of those blaming Ripple insiders for the XRP crash, data just killed that theory. On Feb. 5,XRP lost over 26% in a single trading day — its worst 24-hour sell-off since mid-2022. Rumors swirled that Ripple wallets might be dumping again. But ETF data exposes the real reason.

According toSoSoValue’s ETF flows, Grayscale’s GXRP spot ETF saw a net outflow of 974,110 XRP yesterday, equivalent to over $1.15 million, and it was the only XRP ETF with any outflows at all. Franklin’s XRPZ and Canary’s XRPC posted $1.63 million and $503,000 in daily net inflows, respectively.

That points to concentrated dumping from Grayscale holders, not Ripple staff or "secret" founders.

Even with $66.8 million in total XRP spot ETF trading activity on the day, only one player was selling big, and it was Grayscale. As of Feb. 6, the total XRP spot ETF net inflow remains positive at $1.21 billion, with net assets hovering around $1.07 billion.

But if Grayscale’s sell-off is extending, it risks sparking another confidence crisis for XRP.

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Cardano creator admits $3 billion losses as ADA price eyes 80% collapse

Charles Hoskinson’slivestream confession on X from Tokyo hit differently. The Cardano founder publicly admitted to losing over $3 billion in personal crypto holdings, calling it an unrealized loss but refusing to sell. ADA crashed over 10% on Thursday, slipping under $0.27, and is now teetering on critical weekly supports.

“It’d have been real easy to cash out… Do you think I honestly care if I lose it all?” - Charles Hoskinson on X

That stoicism did not stop ADA from bleeding. According to analyst Ali Martinez, the ADA weekly chart now targets $0.249 as immediate support, with $0.115 and even $0.053 as potential capitulation zones.Cardano token is already down over 75% from its 2025 peak, and an 80% drawdown scenario is now just a 15% drop away.

Hoskinson’s comments came as a morale boost to the community, but the price chart tells a more ruthless story. Cardano developers may be building, but ADA holders are exiting.

If $0.249 fails to hold, ADA may enter a brutal illiquidity pocket, where double-digit drawdowns can happen intraday. That puts $0.115 as a medium-term bear target unless market sentiment shifts somehow.

20 pairs set to be delisted by Binance after $2.6 billion liquidation tsunami

Thursday’s liquidation carnage erased$2.6 billion in derivatives across the crypto market, and the world's largest crypto exchange, Binance, is already slashing exposure. Theexchange announced the delisting of20 spot pairs, citing poor liquidity and risk concentration.

Affected pairs include: AUDIO/BTC, BB/FDUSD, BERA/FDUSD, EIGEN/BTC, FIDA/BTC, HEI/BTC, IOTX/ETH, KERNEL/FDUSD, MANTA/BTC, MTL/BTC, NEAR/FDUSD, PEOPLE/FDUSD, RENDER/FDUSD, RONIN/BTC, SAPIEN/BNB, SCR/BTC, S/ETH, S/FDUSD, SUSHI/BTC and VANA/FDUSD.

The move follows aggressive sell-offs in midcap and low-liquidity altcoins, many of which were forced into liquidation "death" spirals as BTC cratered toward$60,000. Several of the affected pairs were down30-70% during peak liquidation windows.

Binance’s risk desk appears to be proactively pruning volatility to avoid cascading failures — especially with BTC hovering just 10% above$66,000 in what may be a "dead cat bounce."

Crypto market outlook: XRP, BTC, ADA price update

As we enter the second week of February, most major assets face critical weekly closes. XRP ETF flows remain net positive, but the Grayscale exit is a red flag. ADA is nearing chart oblivion, and Hoskinson’s morale boost will not change price gravity. Binance’s mass delisting signals that de-risking is not done yet.

Expect more forced sellers, painful bounces and wild swings. Focus on BTC’s ability to hold $66,000 into the weekend. If that breaks, prepare for the $50,000s or worse.

Key levels to watch:

Bitcoin (BTC): Holding $66,000 keeps hope alive; lose it, and next stops are $60,000, then $52,000, $47,300 and finally $42,000.XRP: Under $1.3 risks $1 break; $0.33 follows fast.Cardano (ADA): Teeters at $0.273, with $0.249 as last real support before collapsing toward $0.115 and then $0.053.

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On Feb. 11 and 12, XRP holders, builders, institutions and Ripple leaders will come together for XRP Community Day 2026, a global, virtual event that will celebrate XRP's increasing utility, adoption and real-world impact, as well as the broader XRPL ecosystem.

Three live X Spaces are set to be hosted by Ripple, covering EMEA, the Americas and APAC regions. Feb. 11 is specifically for EMEA and the Americas, while Feb. 12 will cover the APAC region.

In a recent tweet, RippleX shares what to expect at a key segment of the event. The "XRP Features: What’s Live and What’s Next" segment of the event will feature Ayo Akinyele, Head of Engineering at RippleX; Jasmine Cooper, RippleX Head of Product; and RippleX Engineer Mayukha Vadari, with XRP community members Vet and Krippenreiter as moderators.

XRP Features: What’s Live and What’s NextGet the latest on• Programmability, privacy, compliance• Native lending and DeFi tooling• How roadmap features translate into more XRP utilityDon't miss this session next week during XRP Community Day! 🗓️1:55 PM ET | 10:55 AM… https://t.co/1huQyTw1zt pic.twitter.com/yPO94znD45

— RippleX (@RippleXDev) February 5, 2026

The segment will share the latest updates on the XRP Ledger and what’s coming next for XRP. Speakers will walk through the progress made on the XRP Ledger across programmability, privacy, compliance and the native lending protocol, and how these changes support DeFi.

The focus of the discussion will be on how these features allow real applications by users, shedding light on how the XRP Ledger roadmap is turning into practical capability while connecting ongoing development directly to XRP’s expanding utility.

RippleX unveils focus areas for XRPL DeFi

In a recent blog, RippleX shared an update on the XRP Ledger Institutional DeFi roadmap, which details how the XRP Ledger is progressing toward everyday institutional use, with XRP at the center of settlement, FX, collateral and on-chain credit.

RippleX stated in a tweet that the focus areas this year for XRP Ledger institutional DeFi are lending, privacy and permissioned on-chain markets.

Ripple X shares features that have already gone live on the XRP Ledger and what is coming, which includes Permissioned DEX, Lending Protocol (XLS-65/66), Confidential Transfers for MPTs to be released in Q1, Smart Escrows, MPT DEX Integration and Institutional DeFi Portal.

Later this year, native on-ledger credit markets will be introduced through the Lending Protocol.

The Lending protocol will enable XRP in lending, where XRP can be both borrowed and lent. It is also the default bridge asset in FX flows and settlement.