Ethereum Drops Below $2200, 24-hour Loss of 9.8%

On February 2nd, Elon Musk and LinkedIn co-founder Reid Hoffman clashed over the Epstein case. Hoffman accused Musk of “fabricating facts via the influence of a $220 million political donation with Trump to cover up his own crimes in the case.” Musk denied ever attending Epstein’s parties and shared emails between Hoffman and Epstein, stating: “Epstein kept pestering me to go, but I always refused. But you actually went.” Today, Musk’s pinned tweet clarified his involvement in the Epstein case, saying: “No one has worked harder than me to push for full disclosure of the Epstein files and prosecute those who abuse children. I know exactly what mainstream media, far-left propagandists, and the truly guilty will do — and I’ll be mercilessly smeared for it. But I never attended his parties, never set foot on his chilling island, and did nothing wrong. The strong must protect those who can’t protect themselves — especially vulnerable kids. To better protect children and give them a chanc

On February 2, per LookOnChain monitoring data, a long-dormant Bitcoin whale (address: 1NY5Kh) moved all 2,819 BTC it held—valued at roughly $213 million—after 8 years of inactivity, 15 minutes prior. Of that total, 1,500 BTC (worth ~$114 million) were deposited into Paxos.

On February 2, Jupiter announced a $35 million strategic investment from ParaFi Capital to accelerate the development of its on-chain financial infrastructure.

February 2 — Antpool data indicates that based on current Bitcoin mining difficulty and an electricity cost of $0.08 per kWh, several miners including the Antminer S19 XP+ Hyd, Whatsminer M60S, and Avalon A1466I have hit their shutdown prices. Meanwhile, the Antminer S21 series (S21, S21+, S21 Hyd.) is approaching a shutdown price of roughly $69,000. Additionally, high-hashrate miners like the Antminer U3S23H and Antminer S23 Hyd have shutdown prices above $44,000.

On February 2, Binance will list Zama (ZAMA) for spot trading and add a seed tag to the token.

February 2nd — According to Coinbob Popular Address Monitoring, Bitcoin tested $75,000 over the weekend while Ethereum (ETH) dropped below $2,400. Bullish on-chain whale positions were nearly wiped out with heavy losses; short-focused whales, meanwhile, continued taking profits and reaping significant gains. Key data follows: - **BTC OG Insider Whale**: Largest on-chain ETH and SOL long positions fully liquidated, with liquidation volume exceeding $700 million. Cumulative losses over the past two weeks total ~$270 million; the address has lost over $128 million since October. - **CZ Opposing Trader**: Former second-largest ETH holder and largest XRP long position holder. ETH and XRP long positions were consecutively liquidated over the weekend, with losses of ~$50.46 million. Last week, the address faced $65.13 million in liquidations; its $260 million long positions are now fully cleared. - **Buddy Huang Licheng**: Despite adding $390,000 in collateral over the weekend, HYPE and