Binance to Launch TRIAUSDT Perpetual Contract

On Feb. 6, Amazon’s pre-market trading price dropped 7.3% to $206.39, per Bitget market data. Several major investment banks — including Goldman Sachs and Citi — have cut their price targets for the e-commerce giant.

**February 6th: BTC Drop Linked to IBIT Hedge Fund Leveraged Options Liquidations?** Parker White, CIO and COO of DeFi Dev Corp, said Tuesday that Bitcoin’s recent sharp decline may stem from forced liquidations of leveraged options positions held by an IBIT hedge fund—with a large-scale move potentially disclosed imminently. Overseas crypto communities have shown partial agreement with the speculation. Haseeb, partner at Dragonfly, called the comment “a relatively reasonable explanation for what unfolded in the market.” The market is now awaiting relevant documents to surface in three months to verify the claim—a key advantage of on-chain markets. Ki Young Ju, CEO of CryptoQuant, noted it’s hard to fathom institutions dumping such a large volume of Bitcoin all at once unless forced. The chilling reality of Bitcoin’s forced sell-off is its tendency to trigger a chain reaction: liquidations drive price drops, push miners to bankruptcy, and force even long-holding retail investo

On February 6, data from MerkleMonitor indicates the 1inch team’s investment fund withdrew 20 million 1INCH (valued at $1.86 million) from Binance to an on-chain address two hours prior. Back in November 2023, the fund transferred 5 million USDC to Binance. Over the past three months, it has continuously withdrawn a total of 58.66 million 1INCH (valued at $5.53 million) from the exchange to on-chain addresses.

On February 6, per Onchain Lens data, a BlackRock ETF wallet address has deposited 3,948 BTC (valued at roughly $261 million) and 5,734 ETH (valued at roughly $11.04 million) into Coinbase, with additional deposits expected to follow.

February 6th — per Dumpster DAO core member Definalist — South Korean crypto exchange Bithumb staff mistakenly sent 2,000 BTC instead of the intended 2,000 Korean won as a reward, resulting in hundreds of users accidentally receiving the airdrop. Following the incident, Bitcoin’s price on Bithumb temporarily dropped 10% relative to other markets.

This Thursday, February 6th, U.S. initial jobless claims for the week ending January 31st hit 231,000—above the expected 212,000. Additionally, Wednesday’s ADP private payrolls data showed the private sector added just 22,000 jobs in January, missing market expectations, while the prior month’s figure was revised lower. The latest employment readings have renewed market focus on the Federal Reserve’s March policy decision. As of press time, Polymarket odds of a March rate cut have risen from 8% two days ago to 16%, while the chance of rates holding steady has fallen from 91% to 82%.