Ethereum-focused treasury firm BitMine, chaired by Tom Lee, bought about $83 million worth of ETH in two 20,000-coin deals as the asset traded near multi‑month lows. The company now holds roughly 4.32 million ETH at an average cost of $3,850, leaving it more than $7.8 billion down on paper with prices around $2,040. While some large holders have sold heavily in recent weeks, BitMine is maintaining a long‑term stance and has no debt obligations forcing sales.

Between Jan 22 and Feb 6, Bitcoin network difficulty decreased 14.1%, while publicly listed miner Cango disclosed a weekend sale of 4,451 BTC for about $305M. Miner exchange inflows have stayed near a 30‑day average of 82 BTC, pointing to localized balance‑sheet moves as profitability metrics soften.

On a fourth-quarter earnings call, Strategy CEO Phong Le said the company's balance sheet remains stable and its Bitcoin reserves still cover its convertible debt. He noted that only if BTC fell to $8,000 and stayed there for five to six years would the firm need to consider restructuring or raising additional capital, while Executive Chairman Michael Saylor reaffirmed the company's long-term Bitcoin strategy.

Vitalik Buterin linked wallets offloaded 6,183 ETH over a three day span as Ether slipped below $2,000, with initial disclosures noting 2,961 ETH before a quick update raised the total. ETH hovered near $1,900 after sharp daily and weekly losses, while large holders repositioned through sizable sales and selective dip buying.

Bitcoin fell to roughly $60,000 before rebounding toward $65,000, with Santiment on February 6 linking the recovery to a spike in social media calls for the price to move lower. The pullback erased weeks of gains and left BTC nearly 9% down on the day and about 30% lower over the past month, while traders remain split on whether extreme fear and heavy short positioning can drive a move back toward $70,000 or signal further downside.

Crypto firms have floated giving community banks a bigger role in stablecoins, including holding part of issuers' reserves, to salvage a market‑structure bill. An analyst warned stablecoins may drain up to $500 billion of deposits by 2028, while supply has grown about 40% over the past year. Talks reportedly remain unresolved.

Bitcoin fell below $71,000 and was trading near $70,500, while an analyst’s power-law model indicated a fair value of about $122,762, implying a 41% discount. The study highlighted rising leveraged positioning, elevated implied volatility above 43, and over $2.3 billion in futures and options open interest as signs of stress in derivatives markets.

On February 4, the Financial Times reported that Tether has lowered its fundraising ambition to at least $5 billion after initial discussions around a $15–$20 billion raise tied to a roughly $500 billion valuation drew investor resistance. CEO Paolo Ardoino said the higher number was only a maximum amount the company might sell and stressed that Tether, which issues about $185 billion worth of USDT and reportedly earned around $10 billion in profit last year, does not urgently need outside capital.

A dataset containing 149 million stolen credentials, including access details for about 420,000 Binance accounts, was reported circulating among cybercriminals this week. Security researchers say the information comes from infostealing malware that harvests passwords, private keys, API keys and session tokens from infected devices. Recent data also indicates multi‑billion‑dollar crypto losses and rising attacks on exchanges and large organizations.