Ronin Network's Saigon Testnet will migrate to the Ethereum Mainnet this Thursday

**February 4: Smarter Web Company, the UK’s largest Bitcoin custody firm, listed on the London Stock Exchange’s main market on February 3 with ticker symbol SWC. Its first-day closing price was 43 pence, giving it a market cap of roughly ￡118 million.** **Currently, Smarter Web Company holds 2,674 bitcoins, acquired at an average cost of roughly $111,000 each.** ### Notes on American English adjustments: 1. **"Custody firm"** replaces "treasury company" (more accurate for crypto asset holding, aligns with U.S. industry terminology). 2. **"Ticker symbol"** replaces "stock code" (standard U.S. term for public company trading identifiers). 3. **"Market cap"** (short for market capitalization) is the common U.S. shorthand in financial news. 4. **"Acquired at an average cost"** clarifies "purchased at an average price" (U.S. financial writing often emphasizes "cost basis" for holdings). 5. **"Roughly"** (casual, common in quick updates) replaces "approximately" (slightly mo

On February 4, monitoring by The Data Nerd indicates DBS Bank transferred 3 million USDC to Galaxy Digital—potentially signaling continued Ethereum accumulation. Prior to this development, DBS had already accumulated 24,898 ETH over the past week.

Feb. 4 — Bloomberg reports NVIDIA is reportedly nearing a $2 billion investment agreement with OpenAI. The deal is not yet finalized, and terms remain subject to change.

On February 4, X Platform officially announced the results of its Long Article Creation Contest. The $1 million grand prize went to Beaverd (@beaverd) for his winning long article “Deloitte, a $740 Billion Cancer, Has Spread Across the United States,” which examines the role of a major government consulting firm in federal and state IT systems. The piece garnered 44.71 million views, 29,000 likes, and 7,700 retweets. The Kobeissi Letter took second place and a $500,000 prize with its economic analysis content, delivering real-time insights into global tariffs and geopolitical trade shifts to help millions understand the drivers behind market fluctuations. The $250,000 Creator’s Choice Award went to DAN KOE (@thedankoe) for sharing actionable personal development insights—including how to build deep focus, define priorities, and establish long-term advantages—to support people’s growth. Honorable mentions went to Nick Shirley, Josh Wolfe, Kaizen Asiedu, and Ryan Hall, each t

As of February 4, data from EmberCN shows Yilihua’s Trend Research has closed 153,500 ETH positions via stop-losses since February 1, with an average exit price of $2,294—totaling $352 million in proceeds. The firm has repaid 266 million USDT to reduce leverage. Current liquidation prices for its multiple ETH borrowing positions range from $1,685 to $1,855, with the bulk concentrated around $1,800. Trend Research now holds 498,000 ETH (valued at $1.1 billion) at an average cost of $3,180. Total losses stand at $605 million: $136 million in realized losses and $469 million in unrealized losses. The firm still maintains $743 million in leverage.

On February 4, Patrick Witt, digital asset advisor to former President Donald Trump, said the White House would not sign off on the **Cryptocurrency Market Structure Clarity Act** (CLARITY Act) if it includes provisions targeting Trump. Witt called the ethical provisions in the bill’s early draft “completely outrageous” and explicitly stated, “We would not allow provisions targeting the President personally or his family members.” The CLARITY Act is currently deadlocked over several issues, with Democrats pushing to bar senior government officials from profiting from the crypto industry. Sources say the White House has instructed industry insiders to submit a compromise proposal by the end of February. As midterm elections approach, the longer the legislative process drags on, the harder it will be for Congress to pass the bill.