Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

Feb. 4 – Tom Lee, Chairman of BitMine, took to X (formerly Twitter) to address the unrealized losses on its ETH holdings, which have reached up to $6.6 billion. He noted some market participants have misinterpreted the operational logic behind Ethereum’s treasury. BitMine’s core objective is to track ETH’s price and aim for outperformance across a complete market cycle—so it’s normal for ETH’s price to decline in tandem with a downturn in the crypto market. The current unrealized losses on its ETH holdings are not a systemic flaw but a deliberate part of the product’s design, Lee emphasized. He added BitMine has no outstanding liabilities. Given Ethereum’s robust fundamentals, the recent market pullback is “highly attractive,” and Ethereum is expected to remain a key piece of infrastructure for the future financial system over the long term.

**Feb. 4 Update:** Solana co-founder Toly has updated his X profile avatar, adding laser eyes and backpack details to his original Moonbird derivative avatar—a move the community is interpreting as hinting at an upcoming Backpack TGE. This follows a Jan. 27 shift where Toly swapped his profile picture to a derivative of the Moonbird NFT series, with Moonbird launching its TGE the very next day (Jan. 28).

On February 4th, GMGN monitoring (link: https://gmgn.ai/base/token/i_m4TE56o8_0x81be0217e166182d35b21e7d65d2b2bb7ea4cb07) highlighted a standout trader in the Base ecosystem meme coin **CLAWSTR**—address "0x2f". Yesterday, when CLAWSTR’s market cap hovered around just $110,000, the trader put ~$4,600 into the token. As prices surged afterward, they sold in batches while the market cap climbed into the $5 million–$15 million range. Total profits hit ~$190,000, with an eye-popping ROI of 4110%. As of now, CLAWSTR’s market cap is temporarily pegged at $12 million, with a current price of ~$0.00012. The meme coin was co-launched by Nostr founder Derek Ross and Bitcoin ecosystem developer Alex Gleason as a community support token for Clawstr.com. Clawstr is a decentralized social network built for AI agents on the Nostr protocol—and it scored a retweet yesterday from Martti Malmi, an early Bitcoin developer. BlockBeats warns that meme coin trading is highly volatile, relies heav

February 4 – Spot gold and silver have extended their rebound, per Bitget market data. Gold has climbed back above the $5,000 per ounce mark, currently trading at $5,058/oz with a 24-hour gain of 2.26%. Silver has risen to $88/oz, posting a 3.28% increase over the past 24 hours.

On February 4, Chainwire reported that prediction market platform BLUFF has closed a $21 million funding round. The round was led by blockchain-focused fund 1kx, with participation from Makers Fund, Maximum Frequency Ventures, Delphi Ventures Founders, and additional investors. The BLUFF team plans to use the funds to accelerate development of its innovative prediction platform and expand adoption.

On February 4, Onchain Lens monitoring data shows a whale deposited 8,329 ETH into Galaxy Digital after holding the tokens for four months. The 8,329 ETH currently has an unrealized loss of $19.69 million, with its total value at $18.59 million. Originally, the whale withdrew 11,860 ETH from OKX when the tokens were worth $46.26 million. The whale still holds roughly 3,530 ETH, valued at approximately $8 million now.