GateNewsBot

Ethereum treasury company Bitmine Chairman Tom Lee stated on CNBC that Bitcoin and the overall crypto market are beginning to recover, and are expected to rebound quickly after multiple significant declines. Currently, Bitcoin has risen to approximately $71,306, and Ethereum to about $2,126, both showing noticeable gains.

Odaily Planet Daily reports that U.S. Treasury Secretary Yellen stated that gold appears to be a typical speculative sell-off; observing that the market's cyclical component is in an expansion phase; and expects the Federal Reserve will not take any immediate action on the balance sheet. Believes Wosh will be very independent. (Jin10)

BlockBeats News, February 8 — According to fees.pump.fun data, Pump.fun spent 15,052.99 SOL (approximately $1.318 million) yesterday to repurchase 632.9 million PUMP tokens.
Since the start of the PUMP buyback on July 15, a total of approximately $282 million worth of PUMP tokens have been repurchased, reducing the total circulating supply by 22.979%.

BlockBeats News, February 8 — Strategy's Bitcoin Strategy Manager Chaitanya Jain posted on social media, saying, "We will never stop buying Bitcoin."
Earlier reports indicate that Strategy founder Michael Saylor has once again shared information related to Bitcoin Tracker. He also stated, "The orange dot is very important." According to previous patterns, Strategy typically discloses increased Bitcoin holdings on the second day after related news is released.

Jiangxi University of Finance and Economics hosts a closed-door seminar on the national Two Sessions policy outlook, where experts recommend strengthening the role of fiscal policy adjustment, increasing the deficit ratio and government bond issuance, implementing interest rate cuts to stimulate investment and consumption, enhancing coordination between fiscal and monetary policies, and stabilizing the real estate market to support credit deployment.

According to Coinglass data, when Bitcoin breaks through $73,000, the liquidation strength of mainstream CEX short positions will reach 482 million; if it falls below $70,000, the long position liquidation strength will be 270 million. The liquidation chart shows the impact of price movements on liquidation strength.

Based announces the launch of its native token BASED, with a total supply of 1 billion tokens, of which 36% are allocated to the community, mainly through points activities and supporters. It will be available for claim in 2026, with additional portions allocated to ecosystem rewards and investors.

BlockBeats News, February 8th, according to HyperInsight monitoring, "Brother Ma Ji" Huang Licheng increased his positions in ETH and HYPE long positions. The current ETH long position is valued at $7.45 million, with an average opening price of $2,046.47, and the HYPE long position is valued at $1.96 million, with an average opening price of $31.9. Currently, the total unrealized profit in the account is $269,000.

ChainCatcher Report: According to Etherscan data, the number of transactions on the Ethereum network yesterday rose to 2,896,853, setting a new record.

ARK Invest CEO Cathie Wood stated that Bitcoin has a low correlation with gold, and gold usually rises before Bitcoin. She mentioned gradually buying into crypto-related stocks and believes that in extreme negative sentiment, it is possible to increase holdings in batches.

PANews February 8 News, according to Cointelegraph, due to Bitcoin payment company Block founded by Jack Dorsey undergoing a broader restructuring, the company has begun notifying hundreds of employees that their positions may be cut during the annual performance review, with the layoffs reportedly reaching approximately 10%.
Block has initiated a restructuring plan in 2024 aimed at improving efficiency and adjusting its product lines. The company is working to integrate its peer-to-peer payment platform Cash App more closely with its merchant services division Square. It is reported that Block plans to release its quarterly earnings report on February 26.

Token Unlocks data shows that tokens such as CONX, AVAX, and APT will undergo large unlocks next week, with unlock amounts accounting for 1.56%, 0.32%, and 0.69% of their circulating supply respectively, totaling approximately $44.4 million. Notably, Starknet and Movement have higher unlock ratios, with the former at 4.61%.

Despite the sharp decline in silver prices, retail investors have invested nearly $500 million in the silver market over the past week, mainly in the largest silver ETF SLV. Analysts say that the massive sell-off has attracted investors, with many viewing it as a low-price buying opportunity.

CoinShares analyzes the quantum vulnerability risk of Bitcoin, believing that the current risk is manageable and will not cause significant market impact. Only about 1.7 million BTC are affected, and modern address design further reduces the potential risk. Cracking it is difficult and requires long-term observation. Institutional investors should rationally assess the risk and do not need to panic.

PANews February 8 News, according to Coinglass data, in the past hour, the total liquidations across the network reached $31,126,600, including $30,655,300 in short positions, $473,400 in long positions, and Bitcoin liquidations amounted to $24,178,800, while Ethereum liquidations reached $4,935,300.

Trader Eugene pointed out that there are obvious issues with the current Bitcoin market structure. Although $60,000 is a reasonable support level, he warns traders not to blindly go long without stop-losses. He emphasizes that survival is the top priority and recommends assessing the risk of each trade and using stop-loss strategies to prevent further downside.

Former Multicoin Capital Managing Partner Kyle Samani pointed out on the X platform that Hyperliquid has structural issues in the cryptocurrency industry, including founders leaving the country, potential illegal fund activities, and closed-source architecture. The comments are mainly personal opinions and lack specific evidence and technical details.

The prosperity of the prediction market in the United States relies on an imperfect regulatory framework and marketing efforts, especially as sports betting accounts for a large portion of trading volume. However, the market needs to establish integrity rules, and non-sports trading volume urgently needs to increase. Currently, insufficient liquidity is preventing institutional participation, and potential regulatory tightening could put market growth under pressure.

Ethereum co-founder Vitalik Buterin stated on the X platform that he will accept Twitter's rebranding to "X" and suggested "Tweet" as a generic term applicable to all similar short-text social platforms. He mentioned that "Crypto Twitter" could be renamed "CryptoX" and has synchronized this message across multiple platforms.

ChainCatcher Message: Ethereum founder Vitalik Buterin posted on X, saying, "ETH is a store of value and one of the most important applications on Ethereum."