The popular AI framework Virtuals Protocol will host an in-person meet-up in Hong Kong on Friday, January 17.

On February 6, per Onchain Lens data, a BlackRock ETF wallet address has deposited 3,948 BTC (valued at roughly $261 million) and 5,734 ETH (valued at roughly $11.04 million) into Coinbase, with additional deposits expected to follow.

February 6th — per Dumpster DAO core member Definalist — South Korean crypto exchange Bithumb staff mistakenly sent 2,000 BTC instead of the intended 2,000 Korean won as a reward, resulting in hundreds of users accidentally receiving the airdrop. Following the incident, Bitcoin’s price on Bithumb temporarily dropped 10% relative to other markets.

This Thursday, February 6th, U.S. initial jobless claims for the week ending January 31st hit 231,000—above the expected 212,000. Additionally, Wednesday’s ADP private payrolls data showed the private sector added just 22,000 jobs in January, missing market expectations, while the prior month’s figure was revised lower. The latest employment readings have renewed market focus on the Federal Reserve’s March policy decision. As of press time, Polymarket odds of a March rate cut have risen from 8% two days ago to 16%, while the chance of rates holding steady has fallen from 91% to 82%.

On February 6, per Arkham data, Trend Research deposited an additional 20,000 ETH into Binance just 15 minutes ago—valued at roughly $38.43 million.

February 6 The crypto market has faced a sharp downturn over the past two weeks. Bitcoin has plummeted from a $90,000 peak, narrowly clinging to the $60,000 level. But bearish sentiment hasn’t just hit prices: three top executives have announced career transitions in the last 48 hours. Among them: Multicoin Capital’s Kyle Samani (a prominent industry figure), ZKsync CTO Anthony Rose (@anthonykrose), and Eigen Labs Developer Relations Lead Nader Dabit—all have left the crypto space. Against sliding prices, these exec exits likely reflect a mix of the industry’s cyclical pressures and personal decisions.

**February 6th** Peter Brandt— a prominent trader and chart analyst who correctly predicted Bitcoin’s 2018 crash— said this morning that if Bitcoin tests the “Banana Peel” support level (a zone it has touched in prior bear markets), the crypto’s bottom would likely land just below $42,000. Brandt argues the lower bound of the Banana Peel curve is Bitcoin’s strongest, most critical long-term support. Major bear market bottoms in 2011, 2015, 2018, and 2022 have historically hovered near or slightly dipped below this line. **Note**: The “Banana Peel” is a term Brandt coined in his long-term Bitcoin analysis. He visualizes Bitcoin’s logarithmic price trend from 2010 to present as a parabolic “Banana” curve: the outer curve marks historical parabolic uptrends and extreme bull market tops, while the inner curve (the Banana Peel’s lower bound) acts as long-term support typically touched or slightly broken in the deepest bear market retracements.