1️⃣ Bitcoin Tests $68,500 Support Level Amid Selling Wave

With a $746 ATR, Bitcoin tests the lower Bollinger Band support at $68,576, indicating a potential reversal after a significant decline; low volatility suggests a possible breakout. Institutional fund flows are diverging, with $165.8 million in ETF inflows offsetting $4.74 million outflows; the Fear and Greed Index has dropped to 10 (Extreme Fear), which, combined with ETF accumulation, may signal contrarian positioning.
2️⃣ MegaETH Launches Mainnet and Introduces Ecosystem Frontend The Rabbithole
MegaETH's mainnet officially launches, alongside the release of the ecosystem frontend The Rabbithole. This interface supports users in discovering applications, cross-chain transactions, asset swaps, and receiving ecosystem notifications. It uses natural language prompts for interaction and integrates deposit functions. Applications are categorized by launch progress.
3️⃣ Federal Reserve Board Member Waller: Cryptocurrency Market Frenzy May Be Fading
Federal Reserve Board member Waller stated that the crypto market frenzy driven by the Trump administration is waning, related to recent market sell-offs. He noted that crypto market volatility is normal, and recent fluctuations may stem from regulatory uncertainty and risk management adjustments by large financial institutions. Mainstream institutions have sold off due to risk adjustments.
4️⃣ Trump Sets 15% Growth Target; Waller Faces Huge Pressure as Fed Chair Nominee
Trump said his nominee for Federal Reserve Chair must stimulate the economy to achieve 15% growth. If Waller takes office, he will face significant pressure. The US economy is expected to grow 2.4% this year, below the average of the past fifty years. Since the 1950s, GDP has only exceeded 15% growth a few times. This move aims to inject economic vitality ahead of midterm elections.
5️⃣ Vitalik Shares Future Vision and Short-Term Focus for Ethereum and AI Integration
Vitalik proposed a vision for ETH and AI integration, focusing on empowering humans and avoiding AI safety risks. He outlined four short-term directions: building trustless private interaction tools, making ETH the layer for AI economy coordination, implementing the "Autonomous Verification" vision, and leveraging AI to expand human collaboration, supporting decentralized cooperation.
6️⃣ Bitcoin Market Sentiment Hits Record Low; Contrarian Investors See $60,000 as Bottom
BTC sentiment index drops to an all-time low, with the Fear and Greed Index at its lowest point ever. Contrarian investors believe $60,000 may be the cycle bottom. The market is oversold, similar to the 2018 bear market and the 2020 pandemic crash; however, structural risks remain. Only strong spot demand can sustain a rebound, with further downside possible in the long term.
7️⃣ Contracts for Gold Assets XAUT, PAXG, and XAU Enter Top 20 Rankings
According to Coinglass, contracts for three gold assets are now in the top 20: XAUT with $497 million (10th), PAXG with $398 million (13th), and XAU with $213 million (19th).
8️⃣ Astra Nova Transferred 5.354 Billion RVV in 4 Days, Accounting for 53.54% of Total
After the RVV/USDT perpetual contract was delisted on February 10, Astra Nova transferred out 5.354 billion RVV in four days, representing 53.54% of the total. RVV price dropped 59% (from $0.0027 to $0.0011). Some RVV has entered multiple exchanges, and the remaining RVV shows signs of inflow. The project was hacked in October, leading to a sale of RVV and raising concerns.
9️⃣ Hyperliquid Surpasses Coinbase in Nominal Trading Volume
Artemis monitoring shows that on-chain derivatives exchange Hyperliquid's nominal trading volume has exceeded Coinbase's, reaching $2.6 trillion compared to Coinbase's $1.4 trillion. Hyperliquid's trading volume is approximately 1.86 times that of Coinbase.
🔟 Hong Kong Victory Securities Stops Crypto Trading for Mainland China Users
Starting February 9, 2026, Hong Kong Victory Securities will disable all crypto trading functions for users with mainland China identities, retaining only withdrawal capabilities. Deposits and new trades will no longer be supported, in compliance with Hong Kong Securities and Futures Commission regulations and mainland policies. Non-mainland tax residents can continue trading.
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