Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

February 4th, per official sources: Coinbase has officially expanded its super app ecosystem with the public launch of CoinbasePredict, its fully integrated prediction market platform. It will initially partner with Kalshi to secure initial underlying market liquidity. Unlike decentralized rivals, CoinbasePredict operates within a strict regulatory framework, prioritizing transparency, fund segregation, and robust market monitoring. The platform’s initial contract offerings center on economic indicators—for example, the likelihood of newly nominated Federal Reserve Chair Kevin Warsh implementing a 50-basis-point rate cut in March.

Feb 4: Dave Sloan, Senior Economist at Continuum Economics North America, says the January ADP employment report is expected to show 30,000 new jobs added—down from 41,000 in December. The ADP report is seen lagging notably behind January’s nonfarm payroll data, however: nonfarm employment is projected to rise by 85,000. While December’s ADP aligned broadly with nonfarm figures, recent ADP data has consistently underperformed, averaging 22,000 fewer jobs than nonfarm over the past six months. Though the gap narrowed compared to September and November, it’s expected to widen to 50,000 in January. January’s nonfarm payrolls are seen rebounding from recent softness in retail, a factor that has a relatively small impact on ADP data. For the ADP sector breakdown, January is expected to bring modest improvement in goods-producing industries (notably construction) but slower job growth in services. The trend of ADP underperforming nonfarm is most pronounced in services, with sharp dispa

February 4th — Per monitoring by on-chain analyst Ai Auntie (@ai_9684xtpa), address 0x278…3a7f6 conducted its first transaction in 11 months, accumulating $7.58 million worth of XAUT. One hour ago, the address withdrew 1,500 XAUT from OKX at a withdrawal price of $5,055.15, marking its first foray into digital gold.

**February 4th** Per Hyperinsight monitoring data (via their Telegram channel @HyperInsight), the "Strategy Whale" address (0x94d3…) ramped up its ETH and SOL long positions over roughly 10 minutes, adding a total of **$13.045 million** in value. ### Key Moves (Around 15:20 UTC): - **ETH longs**: Rolled over existing positions and added 3,192.17 ETH (~$7.65 million). - **SOL longs**: Added 57,342.34 SOL (~$5.395 million). ### Post-Operation Positions: - ETH longs: Total value = **$65.9302 million**; Average entry = $2,270. - SOL longs: Total value = **$19.5303 million**; Average entry = $98.90. ### Context: This address gained attention in December when it built large short positions on major coins while BTC positions were being ramped up—at one point holding **over $1 billion** in BTC shorts on Hyperliquid, making it the platform’s largest BTC short holder at the time.

On February 4th, on-chain data analyst Wu Jintao reported that a whale/institution that has netted $98.95 million from scalping purchased another 750 cbBTC (valued at ~$55.95 million) today. During the sharp sell-off over the past few days, the entity has accumulated $318 million worth of crypto assets via dip-buying, including: - 83,392 ETH ($204 million) at an average price of $2,450 - 1,500 cbBTC ($113 million) at an average price of $75,820 It now holds 173,000 ETH ($406 million) and 1,500 cbBTC ($113 million), with an unrealized loss of $65.43 million. The average cost basis for ETH is $2,667, while the average entry price for cbBTC is $75,820.

February 4 On-chain analyst Murphy took to social media today, noting Bitcoin has plummeted from its $97k January 15 high to $73k by February 4—breaching the $80k psychological support quickly amid market panic. Key on-chain data: Over 610k BTC (88% of total outflows) left positions above $80k in 20 days, acting as a major selling pressure driver. But URPD on-chain data points to a critical structural shift: Selling pressure from long-term holders with profitable positions has weakened sharply (only 9.7% of the total decline), signaling these holders are highly reluctant to sell. Meanwhile, strong buying pressure has emerged in the $70k-$80k range: Net purchases of ~450k BTC, nearly double the absorption seen in the $80k-$90k range. This suggests capital is “buying the dip” with real funds to build layered support. Murphy’s take: This cycle differs from prior downturns—bulls have mounted sustained, structured defense; coin concentration is gradually shifting lower, not tr