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Source: Euro Area Finance Ministers to Discuss Euro-Backed Stablecoin Issuance

2 hours ago

Feb. 6: Sources told FXStreet that Eurozone finance ministers are set to discuss issuing a euro-denominated stablecoin and boosting the euro’s status as a currency via increased joint EU debt issuance.
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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.

3 minutes ago

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.

3 minutes ago

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.

3 minutes ago

US Stock Market Opens Higher, Crypto-Related Stocks Rebound Significantly, MSTR Opens 11.2% Up

Feb. 6 — Bitget market data shows U.S. stocks opened higher with the Dow up 0.25%, S&P 500 +0.27% and Nasdaq +0.37%. Amazon (AMZN.O) dropped 9% after forecasting a 50% jump in capital spending by 2026. Nvidia (NVDA.O) rose 2.7% following five straight days of losses. Crypto-linked stocks posted gains: MSTR opened up 11.2%, BMNR +8.91%, COIN +7.01% and CRCL +11.09%.

3 minutes ago

Federal Reserve Bank of Boston: Replenishing Scarce Reserves Is Feasible, Said Powell With No Fed Plan

February 6: Boston Fed President stated, “I believe restoring a scarce reserve regime is feasible. I have no clue what Powell is planning for the Fed’s ‘regime change’.” Note: Following the 2008 financial crisis, the Fed adopted an “ample reserves” framework to stabilize markets. A shift back to “scarce reserves” would entail cutting reserves to pre-crisis levels—this could boost monetary policy transmission efficiency but demands careful liquidity risk management. The Boston Fed’s comments signal confidence in further balance sheet reduction.

3 minutes ago

Galaxy Board of Directors Approves $200 Million Stock Buyback Program

Galaxy Digital announced on February 6 that its board of directors has greenlit a share buyback program authorizing up to $200 million in Class A common stock. The 12-month plan allows the crypto firm to repurchase shares via open-market purchases, privately negotiated deals, or other methods, subject to market conditions. Founder and CEO Mike Novogratz noted the program is rooted in Galaxy’s strong balance sheet and confidence in its long-term outlook, aimed at returning capital to shareholders when the stock’s price fails to reflect the company’s underlying value.

3 minutes ago