The U.S. House of Representatives Initiates Investigation into $500 Million Transaction Involving a Member of the UAE Royal Family

On February 5, Binance announced it will launch five US stock-margined perpetual contracts in batches, starting at 22:30 UTC+8 on February 9. The contracts are MSTRUSDT, AMZNUSDT, CRCLUSDT, COINUSDT and PLTRUSDT, with each supporting up to 10x leverage.

Bitcoin dropped below $70,000 on February 5th, marking its first time below that threshold since November 6, 2024, per HTX market data.

As of February 5, CME’s FedWatch Tool indicates the following rate policy odds **ahead of tonight’s U.S. Initial Jobless Claims release (21:30 UTC+8)**: - 12% chance of a 25-basis-point Fed rate cut at the March meeting; 88% odds rates remain unchanged. - For policy through April: 75.2% odds of no rate adjustments; 23% odds of a cumulative 25-basis-point cut; 1.7% odds of a cumulative 50-basis-point cut. The Federal Open Market Committee (FOMC) has its next two meetings scheduled for March 18 and April 29. ### Notes on U.S. style adaptation: 1. Used **"odds"** (common in market data/quick takes) instead of repeated "probability"; 2. Tightened phrasing for brevity (e.g., "ahead of" instead of "before the release of"; "remain unchanged" for flow); 3. Added **parenthetical FOMC full name** (standard for first reference in U.S. business/finance content); 4. Structured with bullet points (standard for clear, scannable market briefs); 5. Kept time zone notation concise (ma

February 5th — U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig, newly appointed, expressed support for legitimate prediction market innovation, noting it is time to set clear rules. Earlier reports confirm the CFTC has formally withdrawn a Biden-era proposal to ban political event prediction contracts.

Feb 5th: Bitcoin was hovering above $70k, while its average production cost sits around $87k—creating a ~20% gap, a classic bear market sign. In the 2019 and 2022 bear markets, BTC prices fell below production costs but eventually rebounded. Bitcoin’s total network hash rate peaked at ~1,100 EH/s in October, then dropped ~20%. It’s now rebounded to 913 EH/s and starting to stabilize. At current prices, many miners are still unprofitable. With revenue lagging operating costs, miners must keep selling BTC to cover daily operations, energy bills, and debt repayments. But long-term, this situation won’t last much longer.

On February 5, the U.S. Commodity Futures Trading Commission (CFTC) announced a significant policy shift: it formally withdrew a Biden administration-era proposal to ban political event prediction markets and signaled it intends to craft new regulations. The agency is realigning its position amid ongoing power dynamics and seeking to expand its regulatory authority.