Illinois Introduces Statewide "Bitcoin Community Reserve Act"

On February 8, per Arkham data, at 10:49 UTC+8, Trend Research—an arm of EasyHua—transferred roughly 534 ETH to Binance, valued at approximately $1.11 million, completing a full liquidation. The on-chain address now holds just 0.165 ETH.

On February 8, BitMEX co-founder Arthur Hayes said Bitcoin derivatives do not cause price volatility—they only amplify price movements in both directions. The recent crypto market crash is not the result of a secret conspiracy. Fortunately, we were able to quickly liquidate overleveraged investors and return to a market where prices only rise.

On February 8, LookOnChain monitoring data shows that Trend Research—a subsidiary of Yihua—sold an additional 20,770 ETH in the past 20 minutes, valued at $43.57 million. This leaves only 10,303 ETH remaining, worth approximately $21.5 million. A report from yesterday noted that Trend Research has largely completed its ETH sell-off, with the final net loss on its ETH positions totaling roughly $734 million. Position breakdown: - Long 231,000 ETH at an average price of $2,667, liquidated at an average of $4,027 → Profit of $315 million - Long 651,500 ETH at an average price of $3,180, liquidated at an average of $2,053 → Loss of $734 million

As of Feb 8, alternative data indicates today’s Cryptocurrency Fear & Greed Index is 7 (up from 6 yesterday), with market sentiment still in the historically rare “extreme fear” zone. Such extreme fear has only been observed twice before: June 2022 and August 2019. Note: The Fear & Greed Index ranges from 0 to 100, with components including: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Market Dominance (10%) + Google Trends Analysis (10%).

On February 8, Arweave (AR) community member @mil_itia noted that the Arweave network has been consistently producing blocks and all transactions are processing normally. The issue stems from Viewblock’s block explorer relying on locally cached counts instead of the actual network block height, and the team is working to resolve it. Yesterday, data from Arscan showed the Arweave (AR) network had not generated any new blocks for over 24 hours. The last recorded block—numbered 1,851,686—was mined on February 6 at 11:18:15 Beijing time.

February 8 Two California high school students—16 and 17 years old—face felony charges for driving over 600 miles to Arizona to commit a violent home invasion robbery, targeting a family they believed held $66 million in cryptocurrency. On the morning of January 31, the suspects arrived at a Scottsdale residence in the Sweetwater Ranch community wearing FedEx uniforms, forcibly entered the home, bound two adults with duct tape, and assaulted them to extort crypto. The victims denied owning any cryptocurrency, sparking further violence. When police responded, they found a woman screaming and a man struggling with one suspect. The teens fled in a blue Subaru but were taken into custody shortly after on a dead-end street. They face eight charges, including kidnapping and aggravated assault. “Wrench attack” incidents targeting crypto holders are on the rise: roughly 60 cases were reported in 2025, up from 41 in 2024 and 36 in 2021.