Gemini announces around a 25% reduction in workforce to focus on the US market

On Feb. 6, Binance founder CZ retweeted his Jan. 25 tweet that read "Poor again," joking that when he first posted the line, Bitcoin’s price dropped from $67k to roughly $30k — but it eventually bounced back, which wasn’t too shabby.

On February 6, Binance Alpha launched Rainbow (RNBW). The token currently trades at $0.1 with a market cap of $21 million. Eligible users will receive 430 RNBW tokens via an airdrop, worth approximately $43 at current rates.

On February 6, Coinbase will launch spot trading for Hyperliquid (HYPE). Should liquidity conditions be met, the HYPE-USD trading pair will go live later today.

On February 6th, Bitwise Chief Investment Officer Matt Hougan noted he met with several financial advisors this week—overall, the group remains bullish on the market. Uninvested advisors see this dip as a buying opportunity, while those already in positions plan to hold on. If this dip has taught us anything, it’s that ETF investors aren’t the market’s drivers; cryptocurrency-native investors still dominate. Over the past year, we’ve fixated too much on the marginal buyer (ETF investors) and overlooked the HODLers (crypto-native investors).

On Feb. 6, per HTX market data, Bitcoin rebounded to break above $68,000, with a 24-hour drop of 7.7%. ### Notes on American language habits applied: 1. **Date abbreviation**: "Feb. 6" (common shorthand for "February 6" in U.S. news/quick updates) 2. **Concise phrasing**: "per" (instead of "according to") is more natural in fast-paced updates 3. **Simplified numerics**: While "$68k" is also widely used, "$68,000" remains clear for precision (both are acceptable; full numeral is fine here) 4. **Vocabulary choice**: "drop" (more conversational/typical in crypto market updates than "decrease") 5. **Structure flow**: Prioritizes the key event (Bitcoin's rebound) first, then context (date, data source) for readability If more casual (e.g., social media update): "Bitcoin rebounded above $68k on Feb. 6, per HTX data — 24-hour drop of 7.7%."

As of February 6: - Michael Saylor’s Strategy holds roughly 713,500 BTC at an average cost of ~$76,052. It has realized over $41.3 billion in peak profit-taking (equivalent to ~250 metric tons of gold) but now faces an unrealized loss of ~$6.4 billion. - Tom Lee’s BitMine holds ~4.29 million ETH at an average cost of ~$3,849, with losses exceeding $8.1 billion (equivalent to ~49 metric tons of gold). - Yi Lihua’s Trend Research holds ~463,000 ETH at an average cost of ~$3,180, incurring losses of over $647 million. Its liquidation price is ~$1,600+, with the loss equivalent to ~4 metric tons of gold.