「Comrade」 Huang Licheng reduces leverage by selling off ETH and UNI positions to avoid liquidation, facing a loss of $1.4 million in the past week

On February 9th, Tom Lee—Chairman of Ethereum treasury firm Bitmine—told CNBC in an interview: “Over just the past eight years, Ethereum has seen seven drawdowns of more than 60%. The good news? All seven of those ended with V-shaped recoveries: a waterfall decline first, then a rapid bounce back.” He added: “If the crypto market is currently forming a bottom (a scenario that looks plausible from current signals, especially given MicroStrategy’s roughly 25% rebound), historical experience shows such rebounds often follow a V-shaped pattern. That means we typically recover at a speed similar to how fast we fell.”

Feb. 9 — U.S. Treasury Secretary Yellen, per market sources, states gold is undergoing a typical speculative sell-off. (Golden Ten)

**U.S. Stocks Surge Friday; Dow Breaks 50,000 for First Time, Biggest Daily Gain Since May 2023** U.S. equities staged a strong rebound on Friday, February 9, as the Dow Jones Industrial Average (DJIA) hit a historic milestone—breaking through the 50,000-point threshold. The index recorded its largest single-day gain since May 2023. Former President Donald Trump took to Truth Social to claim: “Experts predicted hitting 50k on the Dow by the end of my term would be a great achievement—but I did it three years early. U.S. stocks are at record highs, national security is stronger, all thanks to our great tariff policy. I expect the Dow to hit 100,000 before my term ends. Remember: everything Trump says is right! I hope the Supreme Court is taking note of these developments.” Trump has repeatedly tied public comments to apparent “pump-and-dump” stock activity, with subsequent market rallies often linked directly to his policy announcements and tariff adjustments: - In April 2025

Per Defillama figures, Hyperliquid’s revenue hit $25.19 million this week, marking three straight weeks of growth for the platform. Per HTX market data, HYPE climbed from a Jan. 21 low of $20.5 to briefly top $38, and now trades at $31.5. Even amid the broader crypto market downturn—with Bitcoin dipping to $60k at one point—the HYPE/BTC pair has surged over 70% in the past two weeks.

Xinhua News Agency, February 8 — U.S. Treasury Secretary Janet Yellen said Wednesday she does not anticipate the Federal Reserve will act quickly on the balance sheet matter. She noted that she believes Federal Reserve Chair Jerome Powell will maintain his independence.

Per LookOnChain monitoring, two new wallets—17oiCa and 0x929f—have withdrawn 3,500 BTC (valued at $249 million) and 30,000 ETH (valued at $63 million) from Binance as of 5 hours ago on February 8th.