🐳 The OTC whale who purchased significant amounts of $BTC and $ETH at the beginning of the market downturn appears to be exiting.
He sold 23,500 $ETH for $47.77M to repay his loans 9 hours ago.
Between Jan 8 and Feb 2, he acquired 163,405 $ETH for $440M at an average price of $2,691.
From Feb 2 to Feb 5, he bought 4,000 $cbBTC for $296M at an average price of $74,004.
He is currently down as much as $135M. link
He sold 23,500 $ETH for $47.77M to repay his loans 9 hours ago.
Between Jan 8 and Feb 2, he acquired 163,405 $ETH for $440M at an average price of $2,691.
From Feb 2 to Feb 5, he bought 4,000 $cbBTC for $296M at an average price of $74,004.
He is currently down as much as $135M. link
🚀 Jack Dorsey announced that Block will cut nearly half of its workforce, reducing headcount from over 10,000 to under 6,000, with more than 4,000 employees departing or entering consultation. He stated that the company remains financially strong with growing gross profit, and the move reflects a shift toward a smaller, flatter, AI-centric organization, opting for a one-time restructuring rather than phased layoffs. link
🥷 Wikipedia co-founder Jimmy Wales stated on X that Bitcoin will not go to zero due to its robust design, barring unforeseen cryptographic failures or a 51% attack. However, he believes Bitcoin will fail as money and a store of value, potentially dropping below $10k by 2050, viewing it more as a hobbyist asset rather than a successful currency, and noted that AI bots have not adopted crypto at scale. #hack link
🇺🇸🔮 Polymarket trader SCssss returned after over a year of silence, placing a $150K bet that the U.S. will confirm the existence of aliens before 2027, with odds at just 16.8%.
Previously, he wagered $50K on Kamala Harris winning the U.S. presidential election but lost that bet. link
Previously, he wagered $50K on Kamala Harris winning the U.S. presidential election but lost that bet. link
🕵️ According to an investigation into the ZachXBT insider probe event on Polymarket, more than 3,630 addresses bet on “Axiom,” with 56.2% ending up profitable. Among the Top 10 highest-profit addresses, 8 are considered insider-linked, generating over $1.2 million in combined profits, typically with very few trades, sometimes only a single market. In total, 3 addresses earned more than $100,000, 47 earned between $10,000 and $100,000, while 2 lost over $100,000 and 50 recorded losses between $10,000 and $100,000. link link
🚀 According to gmgnai, Changpeng Zhao unfollowed Cathie Wood on X at 13:53 UTC+8 and then followed Claude and Anthropic. Previously, on January 26, Wood stated on Fox Business that Bitcoin’s recent pullback was due to a $28 billion deleveraging event caused by a Binance software malfunction on October 10.
🇯🇵🕵️ SBI Holdings Introduces Stablecoin in Japanese Yen - The Block
SBI Holdings is set to launch a stablecoin backed by a trust bank in the second quarter. #stablecoin link
SBI Holdings is set to launch a stablecoin backed by a trust bank in the second quarter. #stablecoin link
🕵️ MARA reported a $1.7B net loss in Q4 2025, compared to a $528M net income a year earlier. This loss was largely due to a $1.5B markdown in the fair value of its bitcoin holdings as #BTC fell about 30% during the quarter. Revenue declined 6% YoY to $202.3M, and adjusted EBITDA was negative $1.49B. MARA ended the year holding 53,822 #BTC, with about 28% loaned or pledged. link