News

A 4.8 magnitude earthquake occurred near the Ibaraki Prefecture in Japan at approximately 18:03 local time on February 3, according to Jin10. The Japan Meteorological Agency reported that the earthquake's maximum intensity was recorded at level 3, with a depth of 50 kilometers. There is no risk of a tsunami following this seismic event.

On February 3, a notable cryptocurrency address known for its significant short positions on ZEC executed a series of rapid transactions to expand its ETH long position. According to BlockBeats On-chain Detection, the address, identified as 0xd475..., engaged in intensive operations over approximately 30 minutes, including opening new positions, averaging down, and rolling positions, swiftly increasing its holdings to approximately $2.12 million.

The address initiated its first ETH long position at 15:47, acquiring 442.42 ETH valued at around $1.03 million. Between 16:01 and 16:33, it performed five consecutive averaging down and rolling operations, accumulating an additional 780 ETH. After multiple additions, the total value of its ETH long position reached $2.1216 million, with an average holding price of approximately $2,320.96 per ETH. Currently, the position is experiencing a slight floating profit.

This address is renowned for establishing large-scale short positions on ZEC, having started shorting ZEC at a price of $184, initially incurring a floating loss of $21 million before turning profitable.

Solana has reached significant milestones during recent market volatility, according to Odaily. On January 30, Solana recorded a single-day non-voting transaction volume of 148 million, marking its highest level of activity ever. This figure surpasses Cardano's total historical transaction volume by 30%. Last week was Solana's most active week in history, with network transactions nearing 1 billion and maintaining an average non-voting transactions per second (TPS) of 1505. The total number of transactions during this period is approximately equal to Ethereum's transaction volume over the past two years.

A significant investor, often referred to as a 'whale,' recently sold a substantial amount of $HYPE tokens at a loss, according to analyst @ai_9684xtpa posted on X. The whale had initially purchased over $31.62 million worth of $HYPE between January 28 and January 29, with an average buying price of approximately $33 per token. However, the investor exited the market two days ago when the token price hit a low, selling at around $30 per token, resulting in a loss.

If the investor had held onto the tokens until today, the potential profit could have exceeded $4.23 million. This situation highlights the challenges of timing the market and the complexities involved in buying low and selling high.

On February 3, the British pound approached a five-month high against the euro, driven by improved risk sentiment and market calmness regarding the Bank of England's upcoming interest rate decision. According to Jin10, Antonio Ruggiero from Convera highlighted in a report that the positive correlation between the pound and risk sentiment has bolstered the currency. The pound's breakthrough of the 1.1550 resistance level against the euro further strengthened this trend.

The market widely anticipates that the Bank of England will maintain its interest rates unchanged on Thursday. Ruggiero noted that pound bulls might perceive limited risk of the Bank of England adopting a more dovish stance on policy easing, with a low probability of more than two policymakers voting in favor of a rate cut.

Foresight News posted on X (formerly Twitter) that a Chinese version of shared content has been translated and released. The announcement was made in response to a post by @VittoStack, expressing gratitude for sharing the original content. The translated version aims to reach a broader audience by providing accessibility to Chinese-speaking individuals.

Gold mining stocks in the United States experienced an increase in pre-market trading, driven by a 5.5% surge in gold prices. According to Jin10, Newmont Corporation saw a rise of 5.8%, while Barrick Gold Corporation increased by 5.3%. Additionally, the SPDR Gold Shares ETF (GLD) climbed by 5.9%, reflecting the positive momentum in the gold market.

Crypto KOL Ted posted on X that Ethereum (ETH) remains around the $2,350 mark, with significant selling activity from large holders, known as whales, hindering its potential recovery. The cryptocurrency needs to surpass the $2,400 level to improve its chances of a rebound.

Impala Platinum Holdings Limited, a South African company, has announced that its profits for the second half of the year are expected to surge by approximately 400% compared to the same period last year. According to Jin10, the company attributed this improvement to a significant increase in the average selling price of its products. Impala projects earnings to be between 91 billion rand (approximately $7.74 billion) and 94.5 billion rand. Platinum prices nearly doubled in the six months ending December, while palladium prices rose by about 66% during the same period. Both metals continued to rise into early 2026 but have since given back most of their gains amid a broader decline in precious metals last week.

On February 3, DeFi platform Aave's founder, Stani Kulechov, purchased a five-story Victorian-style mansion in London's Notting Hill for £22 million, marking one of the highest-priced transactions in London's luxury housing market over the past year. According to BlockBeats, the transaction was completed in November of the previous year, with the final price approximately £2 million below the initial guide price provided by the agent. The mansion offers panoramic views of Notting Hill. Kulechov has not commented on the purchase.

The report highlights that London's luxury housing market has been under pressure due to the UK Labour government's increase in stamp duty and the removal of tax benefits for ultra-high-net-worth foreign residents. By December 2025, the volume of transactions for properties over £5 million is expected to decrease by about 40% year-on-year. In this challenging environment, Kulechov's acquisition is seen as a rare highlight in an otherwise subdued market.

On February 3, local time, the defendant in the assassination case of former Japanese Prime Minister Shinzo Abe, Tetsuya Yamagami, announced plans to appeal his life sentence. According to Jin10, the Nara District Court in Japan had sentenced Yamagami to life imprisonment on January 21 for his involvement in the assassination.

AB Kuai.Dong posted on X that gold prices have rebounded to $4,900, recovering all losses from the previous day. Over the past 24 hours, physical gold has increased by approximately 10%, indicating strong market buying power.

The U.S. dollar experienced a decline today following a brief rally triggered by U.S. President Donald Trump's nomination of Kevin Warsh as the next Federal Reserve Chair. According to Jin10, the nomination initially led to market expectations that the Federal Reserve would be led by a 'hawkish' figure. Despite this, Michael Pfister, an analyst at Commerzbank, noted in his report that the fundamental conditions have not undergone significant changes. Pfister emphasized that, compared to the average level of G10 currencies, the dollar has been depreciating since the beginning of the year.

Crypto Rover posted on X, highlighting the recent substantial bounce in gold and silver prices. This development has sparked speculation about whether Bitcoin might follow suit. The precious metals' upward movement comes amid ongoing economic uncertainties, prompting investors to reassess their portfolios.

Gold and silver have historically been seen as safe-haven assets, often attracting attention during times of market volatility. Their recent price surge suggests a shift in investor sentiment, potentially influencing other asset classes, including cryptocurrencies.

Bitcoin, known for its volatility, has been closely watched by market participants looking for signs of a similar upward trend. Analysts are debating whether the cryptocurrency will mirror the movement seen in gold and silver, given its unique market dynamics.

The correlation between Bitcoin and traditional assets like gold and silver remains a topic of interest, as investors seek to understand the implications of these price movements. As the market continues to evolve, the potential for Bitcoin to experience a similar bounce is being closely monitored by traders and analysts alike.

Friederike Ernst, co-founder of Gnosis, has expressed concerns over the cryptocurrency industry's transition from radical innovation to mainstream financial integration. According to NS3.AI, Ernst argues that while recent regulatory victories and the involvement of banks and fintech companies indicate growth, these changes threaten the foundational principles of decentralization and individual sovereignty. She believes that the blending of cryptocurrency with traditional finance compromises the transformative potential that initially drew early adopters to the sector.

Billiton Diamond and Ctrl Alt have successfully tokenized $280 million worth of diamond inventory in Dubai on the XRP Ledger. According to NS3.AI, this initiative utilizes Ripple's custody technology to securely issue and transfer tokens backed by diamonds. The project is awaiting approval from Dubai’s Virtual Assets Regulatory Authority and underscores the growing use of the XRP Ledger for tokenizing physical assets.

Tron founder Justin Sun anticipates artificial intelligence will be pivotal in driving the next significant advancement in the cryptocurrency sector. According to NS3.AI, Sun believes that for cryptocurrency to achieve widespread adoption, it needs a prominent use case similar to ChatGPT. He also predicts that market expansion will continue to depend on existing key areas such as stablecoins and cross-border payments.

ANT.FUN has secured the first place in the Internet Capital Market track at a hackathon organized by the Solana Foundation and Trends.fun. According to ChainCatcher, the team's entry utilized AI multimodal video generation technology combined with real-time trading information to create interactive and engaging videos.

In addition, ANT.FUN announced plans to launch a group chat AI assistant for placing trades this week. The official statement indicated that future product developments will increasingly incorporate AI, aiming to provide an AI trading experience similar to 'Doubao' or 'Yuanbao' for general users.

Eurozone government bond yields experienced a slight increase, mirroring the movement of U.S. Treasury yields, as the market commenced a subdued day. According to Jin10, despite widespread expectations that the European Central Bank (ECB) will maintain its key policy interest rate unchanged, Thursday's meeting remains a focal point for the Eurozone bond market, with potential discussions on the strength of the euro. Senior rate strategists Benjamin Schroeder and Michiel Tukker from ING Bank noted in a report, "We believe that if this calm persists, the ECB may approach this Thursday's policy meeting with greater ease." Germany plans to issue green federal bonds through auction, while Italy will issue new 15-year government bonds underwritten by a consortium. Data from the London Stock Exchange Group indicates that the benchmark 10-year German bond yield rose by 1 basis point to 2.876%.

Bitcoin's historical 100-week simple moving average (SMA) has consistently served as a significant macro support level, according to PANews. Since 2015, whenever Bitcoin has fallen below the 100-week SMA, it has typically struggled to recover quickly and has often dropped further to the 200-week SMA. This process is usually accompanied by a substantial correction of 45% to 58%, lasting approximately 30 to 50 days.

Past cycles have shown similar patterns:

In December 2014, after falling below the 100-week SMA, Bitcoin's price dropped by 55%, taking about 35 days to reach the 200-week SMA.

In November 2018, following a weekly close below the 100-week SMA, the price declined by 45% over approximately 28 days.

In March 2020, during the pandemic-induced crash, Bitcoin fell from the 100-week to the 200-week SMA within just one week, experiencing a 47% correction.

In May 2022, after breaching the 100-week SMA, Bitcoin's price decreased by 58%, taking around 49 days.

As of last week, Bitcoin has once again closed below the 100-week SMA. If historical patterns repeat, a correction of around 50% could occur, with the target price range expected to be between $56,000 and $50,000, potentially happening between March and April.