Chainalysis: Ransomware Payments Fall by 35% YoY in 2024

February 6th. As per crypto analyst Rekt Capital, for a new altseason to potentially commence, Bitcoin Dominance needs to surpass 70%. Currently, Bitcoin Dominance has risen to 64.3% and then retreated to 61%, yet the overall trend remains upward. The analysis indicates that the altseason that lasted until the end of 2024 has already come to an end. Since dropping below 55% in December last year, Bitcoin has been on a recovery path and is currently up by 6%. Historical data shows that 71% is a crucial level for Bitcoin Dominance. If BTC.D encounters resistance at that level, the market may witness the start of a new altcoin season.

On February 6th, according to HTX market data, SOL briefly fell below $200 and is now trading at $200.03, with a 24-hour percentage decrease of 8.04%.

On February 6th, as per the monitoring of lookonchain, Mohammed Dewji MO (@moodewji), a Tanzanian businessman and entrepreneur, launched the TANZANIA token and sold it to investors, reaping a profit of $1.48 million. He distributed 90 SOL tokens (valued at approximately $18,000) to 20 wallets and then purchased 7.93 billion TANZANIA tokens (accounting for 79.5% of the total supply). After completing the accumulation, he disclosed the contract address and subsequently sold all 7.93 billion TANZANIA tokens in exchange for 7,373 SOL tokens (around $1.5 million), ultimately netting a profit of 7,283 SOL tokens (about $1.48 million). Currently, he has deleted all relevant tweets.

On February 6th, a board member of the European Central Bank, Beno?t C?uré, stated, "To keep inflation at 2%, we might need to reduce the interest rate below the neutral rate. The neutral rate will be lower than 2%." "We need to definitely maintain a downward trend in interest rates. I am in favor of a gradual 25-basis-point rate cut. In the face of potential tariffs, Europe must unite and anticipate the upcoming negotiations." (FXStreet)

On February 5th, Federal Reserve's Bostic stated that the labor market might shift towards more hiring or layoffs. He still held the view that inflation would ease back to the Fed's 2% target. The reason for raising interest rates requires relying on evidence of economic overheating. The U.S. labor market has already achieved stability. (FX678)

On February 5th, as per official channels, the XION mainnet event Promethean Saga officially commenced today and is set to initiate a week-long "Believers Assemble" recommended point-winning contest. Promethean Saga is a months-long on-chain initiative that will entail daily community and builder exploration, a Karma leaderboard, and ecosystem competitions, emphasizing XION's explosive ecosystem expansion. The previously launched Promethean Saga Early Access by XION was a success, with its daily active users (DAU) recently surpassing the 150,000 mark.