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Amidst the obstacles to the crypto bill, Lummis supports stablecoins, and U.S. banks may face a window for digital asset transformation
On February 6, it was reported that as the U.S. cryptocurrency market structure bill has yet to be enacted, U.S. Senator Cynthia Lummis called on domestic banks to view stablecoins and digital assets positively. In an interview with Fox Business, she stated that digital asset custody and stablecoin payments are not threats, but rather bring new product forms and growth opportunities to the traditional financial system.
Lummis is currently the chair of the Senate Digital Asset Committee. She pointed out that stablecoins can significantly shorten cross-border and domestic settlement times while reducing costs, thereby expanding the service boundaries of banks. "This is not only beneficial to consumers but also creates new revenue streams for banks," she emphasized.
BTC-7,49%
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Is an Ethereum liquidation storm approaching? $1.7 billion ETH potential liquidation zones revealed, with three key price levels at a glance
February 6 News, the latest on-chain monitoring shows that if Ethereum prices continue to decline, ETH positions worth over $1.7 billion could be forcibly liquidated. Currently, Ethereum hovers around $1896, but the liquidation prices for several high-leverage large positions are well below the current price, becoming a potential risk point of market concern. Once these levels are breached, automatic sell-off mechanisms could rapidly amplify volatility.
The first high-risk zone is between $1560 and $1690. This range mainly comes from Trend Research's leveraged positions, which hold approximately 356,150 ETH with a market value of about $670 million. Due to the use of borrowed funds to amplify positions, a price drop of about 10% to 17% could trigger concentrated liquidations, putting significant short-term pressure on the market.
ETH-9,36%
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Aave Founder Stani: Over $450 million in collateral liquidated in the past week on the Aave protocol
Aave founder Stani stated on the X platform that the Aave protocol has undergone a resilience test over the past week, liquidating over $450 million in collateral, which accounts for 0.9% of total deposits. Aave will also release a new liquidation engine to enhance flexibility and performance, emphasizing the importance of DeFi's resilience and transparency.
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AAVE-11,35%
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Bloomberg analyst warns that the "Trump Effect" is backfiring on the crypto market; Bitcoin drops below $60,000 and may not have bottomed out yet
February 6 News, Bitcoin price briefly dropped close to $60,000 on Friday, with a total decline of about 30% over the past month, accompanied by over $2 billion in forced liquidations. Based on the all-time high, the current price has fallen nearly 50%, almost erasing all gains since Donald Trump was elected President of the United States.
Bloomberg industry research strategist Mike McGlone openly stated on the program that cryptocurrencies are experiencing a backlash from the "Trump effect." He believes that Trump's victory in 2024 and his public support for the crypto industry triggered a rapid influx of speculative funds, which also accelerated the subsequent bubble burst. "This is a classic boom-and-bust cycle," said McGlone.
BTC-7,49%
SHIB-5,85%
DOGE-6,72%
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Satoshi Nakamoto's Bitcoin holdings have shrunk by $60 billion, previously valued at over $130 billion
On February 6th, news reports indicate that as Bitcoin prices have retreated from their high levels at the end of 2025, the massive Bitcoin holdings of its mysterious creator, Satoshi Nakamoto, have also significantly decreased in value. Based on current market prices, the approximately 1.1 million Bitcoins attributed to Satoshi are worth about $71 billion, whereas during the peak a few months ago, this figure exceeded $130 billion, with a loss of over $60 billion.
This change is not due to selling activity. On-chain data shows that wallets associated with Satoshi have been in long-term dormancy since around 2010, with no large-scale transfers ever occurring. These addresses are considered "effectively locked," accounting for about 5% of the total Bitcoin supply, and are the largest known single holdings in the market. Because of this, they are viewed as "sleeping Bitcoins" that will not enter circulation, having a long-term impact on market structure.
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Data: If BTC breaks through $69,230, the total liquidation strength of mainstream CEX short positions will reach $1.919 billion.
ChainCatcher reports that, according to Coinglass data, if BTC breaks through $69,230, the total liquidation strength of mainstream CEX short positions will reach $1.919 billion. Conversely, if BTC drops below $62,694, the total liquidation strength of mainstream CEX long positions will reach $1.015 billion.
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Data: If ETH breaks through $2,020, the total liquidation strength of short positions on mainstream CEXs will reach $905 million.
ChainCatcher reports that, according to Coinglass data, if ETH breaks through $2,020, the total liquidation strength of long positions on major CEXs will reach $905 million. Conversely, if ETH drops below $1,830, the total liquidation strength of short positions on major CEXs will reach $608 million.
ETH-9,36%
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Pump.fun has acquired Vyper, further accelerating the Solana Meme Coin ecosystem's transition towards becoming a comprehensive, full-chain transaction platform.
February 6 News, Solana ecosystem Meme coin issuance platform Pump.fun announced the completion of its acquisition of cryptocurrency trading terminal Vyper. Vyper will gradually cease its independent product operations and migrate core trading and data infrastructure to the Pump.fun ecosystem, allowing users to continue using related tools through Pump.fun's terminals. This move is seen as a key step for Pump.fun towards an integrated platform of "issuance + trading + analysis."
Vyper stated that its main product modules will be shut down starting February 10, with only some features remaining for transitional use. The specific amount of this acquisition has not been disclosed, but both parties confirmed that the integration will focus on trading execution efficiency, on-chain data processing capabilities, and liquidity support for Meme coin projects.
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Democrats mock "cryptocurrency collapse," sparking controversy; Bitcoin plummets, intensifying political polarization
On February 6, amid a sharp decline in the cryptocurrency market, the official account of the U.S. Democratic Party posted a mocking image of Bitcoin's decline on social media, accompanied by the caption "Oops," which quickly sparked strong dissatisfaction within the crypto industry. The image juxtaposed Bitcoin's price chart with an image of Trump wearing a "MAGA" hat, and was criticized by many industry insiders for lacking basic respect for investors' losses.
Market data shows that Bitcoin dropped 8.1% in 24 hours, trading at approximately $65,729, down more than 30% compared to a year ago. During the same period, the cryptocurrency market experienced a large-scale liquidation, with about $2.6 billion in positions forcibly closed within 24 hours, with longs accounting for over 80%.
BTC-7,49%
XRP-0,57%
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Data: 275.96 BTC transferred from an anonymous address, valued at approximately $17.73 million.
ChainCatcher message: According to Arkham data, at 18:16, 275.96 BTC (worth approximately $17.73 million) was transferred from an anonymous address (starting with bc1qfa5x5...) to Cobo.com. The transfer involved a significant amount of cryptocurrency, indicating a potentially large transaction or movement of funds.
BTC-7,49%
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OSL Global Platform launches four USD trading pairs, including XPL and others, on the international site.
OSL Global announces the launch of the USD trading pairs XPL/USD for Plasma(XPL), and opens deposits and withdrawals on the Plasma network. At the same time, the platform has also launched USD trading pairs for Injective(INJ), Arbitrum(ARB), and Stellar(XLM), supporting the respective deposit and withdrawal functions.
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XPL-13,19%
INJ-6,66%
ARB-10,85%
XLM-1,53%
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Bitcoin Lightning Network completes $1 million institutional transfer, marking a milestone in payment settlement
February 6 News, Bitcoin's Lightning Network completed a record-breaking institutional transfer. A digital asset service provider called Secure Digital Markets (SDM) completed a Bitcoin payment worth approximately $1 million through the Lightning Network in a pilot project, used for fund settlement with its partner. This transaction is considered by industry insiders to be the largest publicly disclosed Lightning Network payment case to date.
According to disclosures, the transfer was completed almost instantly with very low fees, significantly better than traditional on-chain settlement methods. The entire process was supported by Voltage, a enterprise-level Lightning Network infrastructure provider, demonstrating the feasibility of the Lightning Network in high-frequency, large-volume, low-latency fund transfer scenarios.
BTC-7,49%
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A major whale address extracted 769.89 BTC, valued at approximately $50,620,000 USD.
Foresight News reports that, according to Onchain Lens monitoring, a whale has withdrawn 769.89 BTC after being dormant for 3 months, worth approximately $50.62 million. Currently, the whale holds 807 BTC, valued at about $53.10 million.
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Report: In January, Web3 security incidents resulted in approximately $414 million in economic losses.
In January 2026, Web3 losses due to security incidents reached $414,639,606, with the majority of losses caused by contract attacks and other issues. Phishing attack losses were approximately $20 million, affecting about 5,000 victims. The number of new Pixiu tokens issued has decreased.
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ETH-9,36%
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XRP price plummets 10%, Peter Brandt warns: Bitcoin may retrace to $42,000
February 6 News, the cryptocurrency market continues to weaken, with XRP leading the decline among mainstream digital assets on Friday, dropping about 10% in 24 hours, and once falling below $1.30, hitting a new low since November 2024. Market sentiment has turned cautious, stemming from veteran trader Peter Brandt's latest prediction on social media, which suggests that Bitcoin may still have room to fall to the $42,000 range.
Currently, Bitcoin has repeatedly failed to hold the key $60,000 level, with short-term pressure clearly evident. Brandt describes the current trend as a "banana peel-style correction," meaning the price drops suddenly and rapidly, catching traders off guard. He believes that $42,000 could serve as a medium-term support zone, and if this level is broken, it will put greater pressure on the entire crypto asset market.
XRP-0,57%
BTC-7,49%
ETH-9,36%
SOL-11,24%
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MARA stock price drops nearly 19% in a single day, $87 million worth of Bitcoin transfer sparks "miner selling pressure" concerns
On February 6th, it was reported that as Bitcoin prices sharply declined, mining company MARA Holdings exhibited unusual on-chain activity, with its stock price plummeting nearly 19% in a single day. Data shows that MARA transferred a total of 1,318 Bitcoins to multiple platforms and custodians within 10 hours, valued at approximately $87 million based on that day's prices, sparking market concerns over "forced Bitcoin sales by miners."
The largest transfer was 653.773 Bitcoins to digital asset management firm Two Prime, followed by an additional nearly 9 BTC. There were also two large Bitcoin transfers to wallets associated with BitGo, totaling about 300 BTC. Additionally, 305 Bitcoins were transferred to a newly registered wallet, with the recipient's identity undisclosed.
BTC-7,49%
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Bitcoin retracement intensifies, ARK buys the dip in COIN, Circle, and mining company stocks
Amid a sharp decline in Bitcoin and increasing market tension, ARK Invest CEO Cathie Wood has chosen to buy more crypto-related stocks against the trend. As Bitcoin drops below $70,000 for the first time since November 2024, market volatility in digital assets has significantly increased, but ARK's actions are seen as a renewed bet on the industry's long-term value.
On February 3, ARK purchased shares of companies such as COIN, Circle, BitMine Immersion Technologies, and Bullish through multiple funds. Among them, ARK spent over $1.3 million to buy 3,510 shares of COIN. Circle, as the issuer of USDC, also received increased holdings from two of ARK's core funds, totaling approximately $8.7 million. ARKK bought 34,342 shares, and ARKF bought 8,536 shares.
BTC-7,49%
USDC-0,03%
ETH-9,36%
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Bitcoin remains resilient at the $60,000 level, but the risk of dropping to $50,000 still persists. Investors should stay cautious as market volatility continues.
February 6 News, Bitcoin rebounded after reaching a temporary low, once approaching the key psychological level of $60,000, but the market remains highly cautious about the subsequent trend. On Thursday evening, Bitcoin briefly fell below $61,000 and oscillated above $60,000. By early Friday morning Eastern Time, Bitcoin recovered to approximately $66,015.
Since reaching a record high of $126,000 in October 2025, Bitcoin has entered a deep correction cycle. Multiple macroeconomic and market structural factors have combined to put overall pressure on risk assets. US tech stocks continued to weaken, intensifying the trend of capital withdrawal from high-volatility assets, and the correlation between Bitcoin and tech stocks has amplified this impact.
BTC-7,49%
ETH-9,36%
XRP-0,57%
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INFINIT announces IN token unlock postponed by three months, temporarily easing short-term selling pressure
February 6 News, INFINIT officially announced that the unlock schedule for IN tokens for investors and core contributors will be delayed to address the current volatile cryptocurrency market environment and to align with the project's established product and ecosystem development pace.
According to the update, the initial token unlock for investors originally scheduled for February 7, 2026, will be postponed by three months to May 7, 2026. Meanwhile, the token lock-up rules for core contributors have also been adjusted accordingly, with the original 12-month lock-up period extended to 15 months, followed by a three-year linear release phase. The project team stated that this adjustment has been unanimously approved by all parties.
IN-6,06%
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"Strategy Opponent" recorded a loss of over $31 million in a single day, once again injecting $8 million to replenish the "ammunition."
BlockBeats reports that on February 6th, "Strategy Opponent" closed positions worth $175 million, incurring a loss of $31.13 million, with account funds dropping below $6 million. Subsequently, $8.29 million was added as margin, and the account has been restored to approximately $12.9 million. The main losses came from long positions in major cryptocurrencies such as ETH, BTC, SOL, and XRP.
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ETH-9,36%
BTC-7,49%
SOL-11,24%
XRP-0,57%
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