Crypto KOL 0xSun is long silver with a floating loss of about $200,000, with an average entry price of $86.38

On February 2nd, MLM Monitor reported that an address suspected of being affiliated with Multicoin Capital accumulated 355,000 HYPE tokens last week, valued at $40.8 million.

On Feb. 2, Elon Musk announced that Grok Imagine 1.0 has now been fully released. Grok Imagine 1.0 is xAI’s latest AI-generated audiovisual tool, delivering 10-second 720p videos with a notable boost to audio quality. In its first 30-day trial window, users have already created over 1.245 billion videos using the platform.

On February 2, HTX market data shows Bitcoin has rebounded above $76,000, with its 24-hour decline narrowing to 3.5%.

February 2nd — Per Bitget market data, global financial markets declined, with South Korea’s KOSPI 200 Index futures dropping 5% to trigger a 5-minute circuit breaker. S&P 500 Index futures extended their losses to 1.1%, while Nasdaq Index futures fell 1.5%. In China’s A-shares, the Shanghai Composite Index widened its decline to 1.3%, and the Shenzhen Component Index dropped more than 1.4%.

Feb. 2 — On-chain analyst Ai Auntie (@ai_9684xtpa) notes that Trend Research, a subsidiary of Yihua, currently holds 618,245.96 ETH at risk of liquidation. The firm has collateralized $13.3 billion worth of WETH across six addresses and borrowed $9.39 billion in stablecoins. If ETH prices fall to the $1,781.09–$1,862.02 range, gradual liquidation will be triggered **without additional margin or deleveraging**.

On February 2, The Wall Street Journal reported that Coinbase CEO Brian Armstrong has emerged as the top adversary of Wall Street’s traditional financial giants, clashing with the industry’s future direction. Armstrong holds sharp disagreements with bank executives—including JPMorgan Chase’s CEO—over crypto regulation, particularly the Crypto-Currency Market Structure Law (CLARITY Act). Banks fear stablecoins’ high yields could siphon $6.6 trillion in bank deposits, harming their lending businesses. Armstrong advocates for free-market competition and accuses banks of stifling competitors. Stripe CEO Patrick Collison noted that Brian’s argument is clearly not in Coinbase’s self-interest: “In a world where revenue sharing is prohibited, USDC would at least appear far more direct and profitable for Coinbase. From what I can tell, Brian’s stance stems from his belief in a vibrant, competitive market to protect consumer freedom—and he deserves high praise for that.” Armstrong retwe