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Michael Saylor Responds to Quantum Computing Risk: Threat at Least 10 Years Away, Strategy to Launch Bitcoin Security Initiative

2 hours ago

On February 6th, Michael Saylor addressed concerns about Bitcoin’s quantum computing risk during MicroStrategy’s fourth-quarter earnings call, dismissing those claims as mere FUD surrounding Bitcoin. Saylor noted that quantum computing remains over a decade away from true maturity—currently a promising but early-stage technology. Many industries, including financial services and defense, still heavily rely on traditional cryptographic systems. Worldwide, investment and research into post-quantum cryptographic protocols (to counter quantum threats) are intensifying. The Bitcoin community has also been engaging in and contributing to relevant R&D efforts. If Bitcoin ever requires an upgrade in the future, a global consensus will be reached. Once post-quantum security upgrades are deployed, Bitcoin will only grow stronger. MicroStrategy plans to launch a Bitcoin security initiative, partnering with global cybersecurity, cryptographic, and Bitcoin security communities.
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A Whale Moves 10,000 ETH Worth $19.27M from Binance After 2-Year Dormancy

**Feb 6: Onchain Lens Data Shows 2-Year Dormant Whale Pulls 10k ETH From Binance (Worth $19.27M)** Earlier, the same whale transferred 43,562 ETH (valued at $104.2M) from Binance between March 11, 2023, and April 19, 2024 — all for staking purposes. --- Note: Adjusted for American news conventions (concise headline, numeric abbreviations like "k"/"M", date format "Feb 6" instead of "February 6th", and tight, scannable structure).

7 minutes ago

Aave Founder: Aave Protocol Liquidated Over $450 Million in Collateral Last Week

On February 6, Aave founder Stani Kulechov took to social media to note that the Aave protocol and the broader DeFi space had a highly resilient week. Over the past seven days, the protocol saw over $450 million in liquidations across multiple blockchains. For a DeFi protocol with over $50 billion in total value locked (TVL), this amounted to roughly 0.9% of its total deposits at the time. Aave also continued to generate incremental revenue during the period. While defaults can occur in lending, the protocol has built-in mechanisms to address these scenarios. Additionally, Aave V4 will launch with a new liquidation engine designed to boost the protocol’s flexibility and performance.

7 minutes ago

Analyst: Gold Sell-off Could Trigger Chain Reaction, With Some Investors Even Selling Off Other Assets to Cover Losses

**Gold Drop Ripples Through Metals, Sparks Profit-Taking in Euro/Dollar** Feb. 6 — Analyst Jeremy Boulton noted that gold’s sharp drop rippled through other metals, potentially sparking a chain reaction where investors may lock in profits or sell off other fundamentally sound assets to cover losses. A wave of unrealized gains is currently waiting to be realized across markets. While AI-linked stocks have been in focus, the broader stock market remains resilient. In forex, traders who piled into high-risk, high-reward currency trades tied to last year’s interest rate arbitrage frenzy have also reaped big gains. Though such bets carry elevated risk, returns have been extremely lucrative—mirroring gains in stocks and the euro. Gold’s decline dragged the euro/dollar exchange rate lower, prompting traders to lock in profits. While euro/dollar long positions aren’t as crowded as gold’s, overbought signals emerged after the pair broke above 1.20. Rising risk aversion is fueling dolla

7 minutes ago

Ark Invest Increased $17.8M in Bullish Stock Yesterday, Decreased $17.4M in Coinbase Stock

February 6 (Thursday) — Cathie Wood’s Ark Invest adjusted its crypto-related stock positions, buying roughly $17.8 million worth of Bullish shares and selling ~$17.4 million in Coinbase stock. Per transaction filings, Ark acquired 716,030 Bullish shares across three of its exchange-traded funds (ETFs). On the same day, it offloaded 119,236 Coinbase shares. Crypto-linked stocks broadly declined that day: Bullish dropped 8.5% to $24.90, while Coinbase slid 13.3% to $146.12. Their monthly drops widened to 39.6% and 41.7%, respectively.

7 minutes ago

Trend Research is accelerating the sale of ETH to repay a loan, having sold 170,033 ETH in the past 10 hours.

February 6 — Per LookOnChain monitoring, Trend Research is ramping up Ethereum sales to pay off outstanding loans. Over the past 10 hours, the firm has sold 170,033 ETH, worth approximately $3.225 billion. It currently holds 293,121 ETH, valued at roughly $5.63 billion.

7 minutes ago

A certain whale withdrew 769.89 BTC after 3 months of inactivity, equivalent to around $50.62 million

On Feb. 6, data from Onchain Lens shows a whale that had been dormant for three months withdrew 769.89 BTC—valued at $50.62 million at the time. The whale currently holds 807 BTC, worth approximately $53.10 million.

7 minutes ago