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Pre-market: US Stocks Up, Bitcoin Slightly Gains, Temporarily Breaks $67,500

2 hours ago

February 6th — Per HTX market data, Bitcoin extended its rebound in premarket U.S. stock trading, edging up slightly. At press time, BTC briefly topped $67,500 and was last trading at $67,401, with its 24-hour decline narrowing to 0.23%.
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Bithumb Acknowledges Mistakenly Airdropping a Large Amount of Bitcoin to Users, Causing a Temporary Sharp Drop in On-Exchange Bitcoin Price

February 6: Korean exchange Bithumb released a statement confirming it mistakenly airdropped a large amount of Bitcoin to users Wednesday, with those recipients then selling the crypto—triggering a sharp drop in Bitcoin’s price on the platform. Earlier, Dumpster DAO core member Definalist noted Bithumb staff had intended to distribute 2,000 South Korean won as a reward but mistakenly sent 2,000 BTC instead. Hundreds of users received the unexpected airdrop, pushing Bitcoin’s price on Bithumb to a 10% discount compared to other markets at one point.

15 minutes ago

Yesterday, the Multicoin associated address transferred 440,000 JITOSOL to a liquidity provider, worth approximately $47 million.

**Multicoin Transfers 440k JITOSOL to Market Makers; Remains Top SOL Holder** Arkham analyst Emmett Gallic, in Feb 6 monitoring, reported Multicoin-linked addresses sent 440,000 JITOSOL to market makers FalconX and Galaxy Digital the prior day (Feb 5). The transfer is valued at ~$47 million. Gallic estimates Multicoin still holds at least 2.8 million SOL (~$250 million)—down from 24 million SOL in early 2021. Separately, Multicoin co-founder Kyle Samani announced Feb 5 he’s stepping down to explore new tech-focused directions, though he’ll remain Chairman of the firm, one of the largest SOL treasury holders.

15 minutes ago

U.S. Treasury Secretary: 'Crypto Market Structure Bill' Signing Is Critically Important to Become Law

February 6, U.S. Treasury Secretary Janet Yellen took to X to thank Senator Cynthia Lummis for her continued work in the Senate advancing critical digital asset market structure legislation. She stressed the importance of signing the "Crypto Market Structure Act" into law, noting the digital asset revolution is already underway and expressing confidence that bipartisan leadership will enable the U.S. to ultimately see this revolution through.

15 minutes ago

MegaETH: Will Use Native Stablecoin Revenue to Buy Back MEGA Token

On February 6, MegaETH announced via an X post that it will use revenue from its native stablecoin to buy back MEGA tokens.

15 minutes ago

Jiang Zhuo'er: Expects Bitmain's Liquidation Line to Drop to $1500, Ethereum Shows Strong Intent to Rebound from Oversold Territory

On February 6th, Jiang Zhuo'er—founder of Lebit Mining Pool (B.TOP)—said in a post that Yi Lihua has been selling ETH to deleverage, predicting Yi’s goal is to push his liquidation line down to around $1500. He added that the "bomb" of Yi’s large long position liquidations has mostly been defused: Over the past 13 hours, ETH has held steady near $1900 despite 220,000 ETH being unwound in concentrated fashion, signaling strong market buying pressure and a solid intent to repair oversold conditions. In earlier news that same morning, Jiang noted the current decline was severely oversold, having bought the ETH dip at $1850. "This kind of oversold scenario is a once-a-year opportunity," he said.

15 minutes ago

Ignore the Bounce Trend, Swing Whale "pension-usdt.eth" Adds to ETH Short Position to $53.73 Million

On February 6th, HyperInsight monitoring data shows that Binance whale address "pension-usdt.eth" ignored the positive open of the U.S. stock market and added to its Ethereum short position amid a rebound. As of press time, its ETH short position has grown to $53.73 million, with a total holding of 27,104 ETH.

15 minutes ago

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