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Polymarket's parent company files for 'POLY' trademark, possibly preparing for token issuance

2 hours ago

On February 6, Polymarket parent company Blockratize filed trademark applications for “POLY” and “$POLY” as part of its token issuance plan—covering software, tokens, and platform services tied to the financial and crypto markets. Polymarket executives have confirmed the firm plans to launch its native POLY token and conduct an airdrop, per reports—but a specific timeline has not been announced yet. (The Block)
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Trend Research transferred 20,000 ETH to Binance

Feb 6: Trend Research sent 20k more ETH to Binance 10 mins ago, per Arkham data.

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Cryptocurrency Market Resurgence Continues, Ethereum Breaks $2000

February 6th: HTX market data shows the crypto market’s rebound is ongoing, with Ethereum topping $2000 and now trading at $2002.32.

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glassnode: Bitcoin Valuation Level Reaches Historical Lows, Signaling Exhaustion of Downside Potential

On February 6, Glassnode posted that Bitcoin’s “Yardstick” indicator has hit an all-time low—well below prior cycle bottoms—signaling the cryptocurrency is severely undervalued relative to its network security (hash rate). Historical data shows such extreme lows often mark downside exhaustion and a confluence of long-term opportunities, with past similar instances preceding significant Bitcoin price rebounds. Note: Developed by Capriole Investments, the Bitcoin Yardstick is defined as Bitcoin’s market capitalization divided by its hash rate, normalized over two years of data. Like a stock’s P/E ratio, it’s used to assess Bitcoin’s valuation.

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Ronin Testnet has completed the Ethereum migration, with Mainnet scheduled to upgrade to Ethereum L2 in the first half of 2026.

On February 6, GameFi blockchain Ronin announced that its Saigon testnet has successfully migrated to Ethereum. The network’s mainnet will undergo the planned Ethereum Layer 2 (L2) migration, which is expected to wrap up between Q1 and Q2 2026.

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Analysis: Bitcoin's current support is above $60,000, with resistance near $80,000

On February 6, Glassnode analyst Chris Beamish noted that Bitcoin’s HODLer Cost Basis Heatmap shows a strong support level above $60,000—an area where long-term holders are heavily concentrated. Further up, near $80,000, dense supply forms a key resistance level. This range defines the current supply chain dynamics.

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Influenced by a strong opening in the US stock market, Bitcoin rebounds to break through $68,000.

Feb. 6 – Bitcoin has rebounded, breaking above $68,000 on the back of a strong opening for U.S. stocks, per HTX market data. It is currently trading at $68,005.

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