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Coinbase has announced that it will list Hyperliquid (HYPE). Trading for the HYPE/USD pair is scheduled to begin today, Feb. 6, provided liquidity conditions are met.

Sovcombank, Russia's ninth-largest bank, has become the first major bank in the country to launch a loan product collateralized by Bitcoin. According to CoinDesk, Marina Burdonova, Sovcombank's Head of Compliance, explained that the product allows clients to finance business development without selling their assets. She added that the service is available only to companies and individuals who legally hold cryptocurrency. Previously, in December of last year, Russia's largest state-owned bank, Sberbank, launched a similar service, but it is still operating as a pilot program.

U.S. Treasury Secretary Scott Bessent said there are rumors that China is developing a digital asset based on another asset and not pegged to the yuan, the Watcher.Guru X account reported.

According to CoinNess market monitoring, BTC has risen above $68,000. BTC is trading at $68,050 on the Binance USDT market.

According to CoinNess market monitoring, BTC has fallen below $67,000. BTC is trading at $66,974.32 on the Binance USDT market.

BTC has risen by 1.52% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $68,104.7.

According to CoinNess market monitoring, BTC has risen above $68,000. BTC is trading at $68,030.4 on the Binance USDT market.

As Bitcoin falls below $70,000, CoinDesk has compiled comments from industry experts on the matter. - Balaji Srinivasan, former CTO of Coinbase, stated that he has never been more optimistic about cryptocurrency because a rules-based order is collapsing while a code-based order is emerging. He argued that short-term prices are therefore unimportant. Srinivasan added that nations will fail and be replaced by networks, necessitating cryptocurrency for what he calls internet capitalism, internet democracy, and internet privacy. - Samson Mow, CEO of Jan3, commented that the current downturn feels terrible not because of its scale but due to its perceived unfairness. He noted that while everything else is rising, crypto is stagnating, falling amid concerns of an AI bubble and also when gold prices drop. However, Mow emphasized that absolute scarcity is a clear reality and that prices cannot fall forever.

Bitmain's (BMNR) unrealized loss on its Ethereum (ETH) holdings is estimated to have surpassed $8 billion, according to data compiled by Dropstab. The company holds approximately 4.29 million ETH at an average purchase price of $3,825, with its current unrealized loss estimated at around $8.01 billion.

Margin long positions for Bitcoin on Bitfinex have surged to their highest level in two years despite the cryptocurrency's recent price decline, Coindesk reported. The total volume of BTC margin longs on the exchange currently stands at approximately 77,100 BTC, the largest amount seen since December 2023. The outlet noted that these positions have historically served as a contrarian indicator, typically increasing when the market falls and decreasing as prices rise. According to this pattern, the current buildup in long positions could suggest that Bitcoin's price has not yet reached a bottom.

Major exchanges have seen $473 million worth of futures liquidated in the past hour. In the past 24 hours, $1,435 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $67,000. BTC is trading at $66,883.99 on the Binance USDT market.

According to CoinNess market monitoring, Bitcoin has dropped below 100 million won on the South Korean exchange Upbit for the first time in about one year and three months, since Nov. 6, 2024. The cryptocurrency is currently trading at 99,777,000 won on the platform, down 7.50%. On Upbit, BTC is trading at a price approximately 0.8% higher than on Binance.

According to CoinNess market monitoring, BTC has fallen below $68,000. BTC is trading at $67,901.01 on the Binance USDT market.

Ethereum (ETH) has dropped below $2,000 on the Binance USDT spot market for the first time in approximately nine months, since May 8 of last year. The cryptocurrency is currently trading at $1,998.83, down 6.98% from the previous day.

Major exchanges have seen $128 million worth of futures liquidated in the past hour. In the past 24 hours, $1,091 million worth of futures have been liquidated.

Ethereum (ETH) has fallen below the 3 million won mark on South Korean exchange Upbit. This is the first time the asset has dropped to this level in approximately nine months, since May 8 of last year. It is currently trading at 2,979,000 won, down 5.99% from the previous day.

According to CoinNess market monitoring, BTC has fallen below $69,000. BTC is trading at $68,937.55 on the Binance USDT market.

Circle has announced a partnership with prediction market platform Polymarket to build a dollar-based payment infrastructure. Under the agreement, Polymarket will transition from using bridged USDC on the Polygon chain for trading collateral to native USDC issued directly by Circle. The switch is scheduled to occur over the coming months.

An address starting with 0x3478, believed to belong to Chinese investment firm Longling Capital, has withdrawn 8,500 ETH ($17.51 million) from Binance, according to Lookonchain. The on-chain analytics firm added that Longling Capital is known for accumulating assets at low prices and selling them at higher prices.

Gemini is halting its business in the UK and will only support withdrawals for local user accounts starting March 5, Coindesk reported via its official X account. Walter Bloomberg also noted that Gemini has decided to close accounts in the European Union, the UK, and Australia, and plans to cut its workforce by 25%.

The three major U.S. stock indices opened lower today. - S&P 500: -0.93% - Nasdaq: -1.41% - Dow Jones: -0.45%

Eight cryptocurrency firms, including Securitize, have warned that the EU could fall behind the U.S. in regulating tokenization, CoinDesk reported. In a joint statement, the companies argued that current regulations are hindering the EU's development amid a fierce competition to modernize capital markets using blockchain. The firms stated that while Europe deliberates, the U.S. has already taken action and is on track to control the future digital infrastructure of the global economy. They warned that the U.S. will secure a first-mover advantage before the EU's comprehensive Market Integration and Supervision Package (MISP) fully takes effect in 2030. The group stressed that global liquidity will not wait for the EU and will permanently move to U.S. markets, adding that regulation, not technology, will weaken the competitiveness of the euro. The letter included several proposals: - Abolish restrictions on tokenizable assets. - Increase the transaction volume limit for pilot projects from €6-9 billion to €100-150 billion. - Remove the six-year limit on license validity. The letter was co-authored by Securitize, 21X, Seturion of the Boerse Stuttgart Group, the Central Securities Depository (DCV), Lise, OpenBrick, STX, and Axiology.

Ethereum (ETH) founder Vitalik Buterin has sold 27.6% of the 16,384 ETH he committed to supporting the ecosystem, according to on-chain analyst ai_9684xtpa. To date, he has sold approximately 4,521 ETH for $9.94 million at an average price of $2,202. The sales are reportedly still in progress.

Bitcoin's price decline is due to weakening confidence among institutional investors and regulatory uncertainty, rather than structural market flaws, according to Deutsche Bank. The bank noted that BTC is currently facing headwinds from continuous institutional outflows, a breakdown in its correlation with traditional financial markets, and a loss of momentum in achieving regulatory clarity. Deutsche Bank explained that BTC's status as 'digital gold' has eroded, with the asset falling this year while gold has risen more than 60%, and its correlation with the stock market has also weakened. Furthermore, delays in processing a U.S. bill on crypto market structure (CLARITY) appear to have increased market volatility and dampened investor sentiment. The bank concluded that the current downturn is a process of giving back the gains of the past two years, rather than a market collapse, and represents a step toward BTC becoming a more mature asset.