U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

On February 2nd, per Onchain Lens monitoring, the "7 Siblings" bottom-fishing whale added another 11,333 ETH to its holdings, spending roughly $26.13 million total. Over the past two days, the entity has allocated $57.21 million to acquire 24,139 ETH, averaging out to an entry price of ~$2,370.

Per Coinglass data, as of February 2nd, if Bitcoin breaks above $80,000, total short liquidations across major centralized exchanges (CEXs) will hit $1.063 billion. Conversely, should Bitcoin drop below $76,000, total long liquidations across major CEXs will total $296 million. BlockBeats Note: Liquidation charts do not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. Instead, the bars on these charts reflect how significant each liquidation cluster is relative to adjacent clusters—this is referred to as "strength." In short, liquidation charts indicate the magnitude of impact a given price level will have if reached. A taller "liquidation bar" means a more severe reaction will unfold at that price due to a liquidity cascade.

February 2nd — Per HTX market data, Bitcoin has rallied past $78,000, last trading at $78,005, with its 24-hour decline narrowing to 1.27%.

**February 2nd** Per Onchain Lens monitoring, Trend Research deposited 30,000 ETH (≈$70.18 million) to Binance in the past 5 hours, and has since completed the sale and loan repayment. Over the past 18 hours, Trend has cumulatively sent 40,000 ETH (≈$94.53 million) to Binance, with 6,412 ETH withdrawn from the exchange during that window.

Feb 2nd (official sources) — CrossCurve announced its cross-chain bridge was attacked, with the attacker exploiting a smart contract vulnerability. The project team urged users to immediately cease all interactions with CrossCurve pending the completion of its investigation, and will continue updating the community via official channels. The team later confirmed some addresses received token funds intended for other users due to the vulnerability. No evidence of intentional malicious activity linked to the affected addresses has been found to date, and the team urged those address owners to cooperate in returning the erroneously transferred funds. Per its Safe Harbor Responsible Disclosure Policy, white-hat hackers assisting in fund recovery may keep up to 10% of recovered funds as a bounty. CrossCurve stated that if funds are not returned within 72 hours of Ethereum block height 24,364,392, or if no effective communication is established, the team will escalate its response as n

**February 2** — Per Crowdfund Insider, the European Commission has ramped up enforcement of crypto asset regulatory frameworks, launching infringement procedures against multiple EU member states for failing to transpose or comply with new EU rules on crypto asset taxation and market regulation. In the latest round of infringement decisions, the Commission said it has sent formal warning notices to 12 member states for not fully transposing EU rules on crypto asset tax transparency and information exchange into national law. The 12 countries are: Belgium, Bulgaria, the Czech Republic, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, the Netherlands, Poland, and Portugal. This action ties to **EU Directive (EU) 2023/2226**, which amends the EU’s long-standing tax administrative cooperation framework. The directive extends reporting and information-sharing obligations to crypto asset service providers to boost tax transparency and regulate crypto asset transactions.