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Ethereum Treasury ETHZilla "Surrenders" Amid Downtrend, Shifts Focus to Real Estate Tokenization Business

2 hours ago

On February 5, ETHZilla—formerly the 9th-largest Ethereum Decentralized Autonomous Treasury (DAT) firm—announced a pivot to real estate tokenization. The company has acquired $4.7 million in loans tied to 95 prefabricated and modular homes, with plans to tokenize these assets on an Ethereum Layer 2 network. The loans are secured by first-lien mortgages and carry an expected annual yield of ~10%, which will be converted into cash flow. ETHZilla’s shift comes amid a sharp drop in its Ethereum holdings: its stock has plummeted more than 90% from its August 2025 peak of $107, and the firm sold over $110 million worth of Ethereum last year for buybacks and debt repayment.
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Cryptocurrency Market Cap Shrinks by Nearly $1 Trillion in 22 Days, Decreasing by $45 Billion Daily

February 5th: The cryptocurrency market has shed $1 trillion in capitalization since January 14, with total valuation now at $2.438 trillion—down 5.9% over the past 24 hours. The $1 trillion drop unfolded in 22 days, averaging $45 billion in daily losses.

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Gemini to Cease Operations in the UK, European Economic Area, and Australia

Cryptocurrency exchange Gemini announced on February 5 that it will wind down services for customers in the UK, European Economic Area (EEA), and Australia, with the following key timelines: - Starting March 5, 2026: All accounts in these regions will transition to withdraw-only mode. - Starting April 6, 2026: Gemini will close all customer accounts in the UK, EEA, and Australia. Earlier, Gemini had already revealed plans to cease UK operations, with accounts shifting to withdraw-only on March 5, 2026.

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A newly created wallet has accumulated 55,483 ETH over the past 2 days, worth $115.16 million

On February 5th, LookOnChain monitoring data reveals that a newly created wallet has withdrawn 55,483 ETH—valued at $115.16 million—from cryptocurrency exchange WhiteBIT over the past two days.

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Longling Capital affiliated wallet withdraws 8,500 ETH from Binance, worth $17.51 million

On February 5, per LookOnChain monitoring, a wallet linked to Longling Capital (0x3478)—known for its low-buy, high-sell strategy—has just withdrawn 8,500 ETH from Binance, valued at $17.51 million.

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Grayscale transferred 603.804 Bitcoin to Coinbase Prime, equivalent to $42.03 million

Feb. 5 — Per Arkham data, Grayscale has transferred 603.804 BTC to Coinbase Prime, worth roughly $42.03 million. The firm also moved 206.65 ETH, valued at approximately $420,000.

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US Stock Market Opens Lower, Crypto-Related Stocks Experience Widespread Decline, BitMine Drops by 4.2%

On February 5, per Bitget market data, U.S. stocks opened lower: the Dow Jones Industrial Average (DJIA) fell 0.55%, the S&P 500 dropped 0.87%, and the Nasdaq Composite declined 1.3%. Cryptocurrency-related stocks posted broad declines, with key names including: - MicroStrategy (MSTR): 6.57% lower - Coinbase (COIN): down 4.2% - Circle (CRCL): 3.2% lower - MARA Holdings (MARA): down 5.9% - Riot Blockchain (RIOT): 4.5% lower - Bit Digital Immersion (BMNR): down 4.2% - SuperBid (SBET): 4.21% lower

2 minutes ago