A Whale Once Again Sells 2,676 ETH, incurring a Total Loss of Over $20 Million
Feb. 5 — Per OnchainLens monitoring, a whale address has once again transferred 2,676 ETH (valued at roughly $5.69 million) to FalconX, pushing its cumulative losses past $20 million.
The address currently holds just 854 ETH (≈$1.82 million). Full address: 0xaea5ad2ad59c0e75ba2ae3f26bccdcbccffdd5fd
Notably, the address deposited 8,329 ETH into Galaxy Digital as recently as yesterday.
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Multicoin Co-Founder's Deleted Tweet Before Resigning: No Longer Believe in the Web3 Vision
On February 5th, Multicoin Capital co-founder Kyle Samani responded to a "bear market rant" from community user Taran (@Taran_ss) — a post he quickly deleted — with the following comments:
“Crypto isn’t nearly as fun as many people — myself included — once thought it would be. I used to buy into the Web3 vision, the dApp hype. Now I don’t. Blockchain is fundamentally an asset ledger: it’ll reshape finance, but that’s it. DeFi’s another area worth watching, sure. Crypto will keep improving, but all the truly interesting questions have already been answered — except for on-chain privacy/confidentiality. (I still think Zama will win that race.)”
Earlier today, Samani announced his resignation from Multicoin Capital, noting he’ll remain Chairman of Forward Industries (the largest SOL treasury holder) while taking a break to explore new tech directions.
In a follow-up tweet, Samani clarified he’s still extremely bullish on SOL and crypto, and will stay engaged in the space both per
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Crypto KOL CBB Takes Profit at $9M on-chain Short Position of US Stock, Holding previously focused on today's leading storage sector downturn
On February 5th, per data from Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), amid a recent global asset pullback and downturn in the U.S. semiconductor storage subsector, crypto KOL CBB’s on-chain address (0xEFd3...) has been consistently taking profits from short positions in U.S. stocks and commodities—netting $1.4 million in daily gains.
The account’s total position has fallen from roughly $41 million yesterday to $31.2 million, with a cumulative position closeout of about $9 million.
Recent positions center on shorting semiconductor storage names: Intel (INTC), SanDisk (SNDK), and Micron (MU). CBB has taken significant profits amid today’s declines and partially unwound positions. Current key positions include:
- xyz:INTC (3x short): ~$6.77M position, avg entry $49, liquidation ~$62.7, profit $8k
- xyz:SNDK (3x short): ~$5.09M position, avg entry $660, liquidation ~$839, profit $480k
- xyz:MU (3x short): ~$4.32M position, avg entry $419, liquidation ~
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Huobi Responds to Binance Overseas Withdrawal FUD: Platform Funds Continue to Flow In Net, Withdrawal Safety on Chain Should Be Noted
February 5 – Binance co-founder He Yi recently addressed the “withdrawal push” launched by the overseas community: “Some community members have launched a large-scale withdrawal push. While it’s still unclear why deposits into Binance actually increased after the push kicked off, I think it’s a good thing to regularly conduct stress tests for all platforms.”
He Yi also reminded users to double-check withdrawal addresses during the withdrawal process and avoid mistakes, as on-chain funds sent to an incorrect address can’t be recovered.
Meanwhile, sharp accusations targeting Binance have emerged in the market. Community user Rand (@RandySparkys) made unsubstantiated claims that “Binance is already insolvent,” citing allegations including “over $22 billion in asset outflows over the past week,” “platform usage at a four-year low,” “Binance has sued those questioning its solvency,” and “CZ has sued those accusing him of fraud.” The authenticity of these FUD claims remains unconfirmed
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Last Night's Market Recap: Despite Several Twists and Turns, US-EU Manage to Resume Negotiations, Bitcoin Hits New Bear Market Low, Nasdaq Falls 1.5% Dragging Down Crypto Stocks
Feb. 5 —
The U.S. and Iran had previously agreed to hold talks in Istanbul on Friday, with other Middle Eastern nations participating as observers. On Tuesday, however, Iran said it wanted to shift the venue to Oman and hold bilateral talks focused solely on its nuclear program. U.S. officials initially signaled openness to the venue change but later rejected the request.
Subsequently, at least nine Middle Eastern countries reached out to the White House via diplomatic channels to urge the Trump administration not to carry out its threat to withdraw from the talks. The final nuclear negotiations are set for 10 a.m. local time Friday in Muscat, Oman’s capital (2 p.m. Beijing time, Feb. 6).
Bitcoin hit a new bear market low twice early Wednesday (local time) — likely amid U.S.-Iran nuclear negotiation turmoil — dropping to as low as $71,888 before falling further to $71,680 at press time. The Nasdaq Composite slid 1.5%, with AMD (AMD.O) down 17.3%, Tesla (TSLA.O) off nearly 4%, a
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