Spot Gold Reclaims $4800 Per Ounce

February 3rd – Binance has identified technical issues with its withdrawal function, per official sources. The team is addressing the problem urgently, and affected services will be restored as quickly as possible. Real-time updates on the latest progress will be shared promptly.

On February 3rd, Chaitanya Jain—Bitcoin Strategy Manager at Strategy—posted on social media, stating: “We’re not traders. We don’t speculate, nor do we try to time the market. No technical analysis, no drawing lines on charts. Bitcoin will keep rising. There’s only one strategy in the world: Buy and HODL.”

On February 3, Step Finance released a statement addressing a hacker attack: Approximately $40 million in assets were stolen from its treasury following a breach of a company executive’s device. Upon discovering the security vulnerability, Step Finance immediately launched an investigation with cybersecurity researchers and relevant authorities, notified law enforcement, and temporarily paused some operations. The announcement noted the project has so far recovered around $3.7 million in Remora-related assets and roughly $1 million in other positions. As the largest liquidity provider (LP) for Remora Markets, related LP activities will resume once the system is confirmed fully secure. Step Finance emphasized Remora Markets is unrelated to the incident, and all rTokens remain 1:1 backed by custodied collateral. Pending the investigation’s completion, the project advises users to temporarily refrain from using the STEP token. The team stated it will take measures based on a p

February 3rd — On-chain analyst Wu Jinyu reports a whale/institution active in ETH scalping (with $98.95 million in prior profits) has ramped up holdings: it added 23,000 ETH in the past 15 hours, and has accumulated $262 million worth of cbBTC and ETH purchases over 3 days. **Recent buy breakdown:** - 83,392 ETH ($204 million) at an average price of $2,450 - 750 cbBTC ($57.78 million) at an average price of $77,040 **Current position & unrealized performance:** - Total holdings: 173,000 ETH ($406 million) + 750 cbBTC ($57.78 million) - Unrealized loss: $55.11 million - Average costs: ETH $2,667; cbBTC $77,040

On February 3rd, per Coinbob’s Popular Address Monitoring, Hypurrfun founder Loracle (X: loraclexyz) significantly boosted his 5x leveraged HYPE long position today. The position was opened January 12 at an average price of $22 as part of a bottom-fishing strategy. Amid HYPE’s recent sharp price surge, the position is now deeply profitable—making Loracle currently the largest on-chain HYPE long whale. Since last week, the address’s HYPE long position has grown from $39.55 million to $52.22 million, with the average entry price rising from $22.36 to $24.3. This has yielded a floating profit of $16.1 million and a 154% return rate. His account balance has jumped from roughly $13 million to ~$35.69 million, more than doubling. Loracle, Hypurrfun’s founder (real name Laurent Zeimes), is active in the Hyperliquid ecosystem and recognized as an early contributor. Most recently active in Hyperliquid’s contract market, he bottom-fished and went long on ZEC in December.

On February 3, Strategy announced via an official statement that for U.S. federal income tax purposes, 100% of the distribution payments made to its preferred equity instruments in fiscal 2025 qualify as tax-free returns of capital, up to the amount of each shareholder’s corresponding tax basis in those instruments. In 2025, Strategy completed five initial public offerings (IPOs) of its perpetual preferred stock securities ("digital credits"), raising a total of $5.5 billion. The company has since raised an additional $1.9 billion through its At-The-Market (ATM) program for these digital credit instruments. To date, Strategy has paid cumulative distributions of $413 million on these instruments, translating to a weighted average annualized dividend yield of approximately 9.6%. Strategy noted that it currently has no accumulated earnings and profits (E&P) and does not expect to generate current E&P in the current year or the foreseeable future. Based on this assessment, the compan