Cipher Mining intends to raise $2 billion through a senior secured notes offering
On February 4, Nasdaq-listed Bitcoin mining firm Cipher Mining announced plans to offer senior secured notes to qualified institutional buyers—subject to market conditions and other factors—to raise a total of $2 billion. Guarantors for the transaction are Cipher Black Pearl and 11786 Wink LLC.
Net proceeds from the issuance will cover remaining construction costs for a high-performance computing data center in Wink, Texas, fund a debt service reserve fund, and pay associated fees and expenses.
3 minutes ago
55 Years of Data Reveals Gold Bull Market Path: Historical Pullback Revisited, Structural Support Still in Place
On February 4, gold rebounded sharply after plunging 10% last week, sparking debate in markets over whether the bull market has ended. Analysts say the downturn is more likely a short-term pullback within the bull run, not a trend reversal.
Analysts note gold is now in its third major bull market since 1971. Historically, the two prior cycles (1971–1980 and 2001–2011) saw multiple deep 10%–20% retracements that didn’t break the long-term uptrend. The current bull run has also had several corrections, with volatility ongoing.
A key difference this time: central banks’ steady, large-scale gold buying has added stronger structural support to the cycle. Data shows global central banks’ net gold purchases hit 328 tons in 2025. Some institutions say while gold is somewhat overvalued relative to models, it’s not in a bubble yet.
UBS says gold bull markets typically end only when central banks regain strong credibility and monetary policy regimes shift fundamentally. Amid doubts about
3 minutes ago
An entity conducted a large-scale ETH dump on Hyperliquid to repay its loan on Aave
February 4th — Per MLM Monitor, a single entity is currently dumping large amounts of ETH via 11 wallets on Hyperliquid to repay a loan on Aave:
In the past 5 hours, the entity has sold 31,700 ETH (≈$80.8M) on Hyperliquid; over the past 4 days, it has offloaded a total of 47,000 ETH (≈$120M).
Currently, the entity still holds 49,600 ETH (≈$112M) as collateral on Aave, where it has borrowed $86M in USDC.
As ETH prices fall, the position is near liquidation—pushing the entity to keep selling ETH to repay debt and avoid full liquidation.
Relevant wallet addresses:
0xc1ae7B499fA724A4A5098d308eBAcb49B7272e2c
0xC7880fC94d88476c0df9272928645834E6F39854
0xdb906D0dfd17C05DF42B9A20EBd1287Ff88Cb13c
0xaDfFE2BEAfaE564E6FE372d660AA8b27767F2B33
0x04c58EE5E5FC5f56A824184c5d88e94B7cA4aA76
0x57f4Fb3bd619f50d0fe74aaaCff723494CfDE132
0x2BFA70961B22af71E41028E57D18AA23e640971e
0x0246B8b0CF8c681a14EefDDa6Db2f9f8Ae28DEF2
0x23B6820d1563a21Ba1D81631214fccBAd72982c2
0xe7CEAD883d
3 minutes ago
Vitalik Questions L2 Scaling Path, Arbitrum, Optimism, and Base Respond Collectively on "Dehomogenization" Direction
On February 4, Ethereum co-founder Vitalik Buterin recently said the original idea of Layer 2 as Ethereum’s primary scaling solution is “no longer tenable,” calling for Layer 2 networks to evolve toward a more specialized direction. The statement quickly drew responses from major L2 teams including Arbitrum, Optimism, Base, and others.
Vitalik noted many Layer 2 solutions still rely on multi-sig bridges and haven’t fully inherited Ethereum’s security. Meanwhile, with higher Gas limits and progress in native Rollup solutions, Ethereum’s mainnet throughput is rising—so Layer 2’s positioning needs to be reconsidered.
Optimism Foundation co-founder Karl Floersch expressed support for building a modular Layer 2 covering the “entire decentralization spectrum,” but acknowledged current challenges: long withdrawal periods, immature Stage 2 proof mechanisms, and insufficient cross-chain tools.
Arbitrum dev team Offchain Labs co-founder Steven Goldfeder emphasized scaling remains Layer
3 minutes ago
Bloomberg: Gold Rebounds, Cryptocurrency Continues to Face Pressure
February 4th (Bloomberg) — Amid pressure on global risk assets, gold and crypto have shown a sharp divergence in trends.
Gold has rebounded after pulling back from its all-time high, once again topping $5,000 per ounce. Some funds are buying the dip: Fidelity’s fund noted it’s ready to re-enter gold positions after what it called the “largest drop in forty years,” arguing the market bubble has somewhat deflated.
Meanwhile, the crypto market continues to slide. Since January 29, total crypto market capitalization has shrunk by roughly $467.6 billion, with Bitcoin leading the declines. High-profile investor Michael Burry warned Bitcoin has fallen about 40% from its October 2023 peak, and he doesn’t rule out it worsening into a self-reinforcing “death spiral.”
Data shows crypto assets have lost a cumulative $1.7 trillion in market value since their October peak. Against a backdrop of macro uncertainty and waning risk appetite, funds are clearly flowing back to traditional safe-ha
3 minutes ago
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