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Federal Reserve's Rosengren: Tariff Effects Will Fade by Midyear, Fed Can't Ignore Inflation

2 hours ago

February 6 – The Federal Reserve Bank of Boston said Thursday that the impact of tariffs will fade by mid-year. The central bank also noted high inflation has persisted too long and reached a plateau, adding the Fed cannot ignore the inflation issue.
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Analysis: Bitcoin On-Chain Losses Approach Last Bear Market End Levels

CryptoQuant analyst Darkfost noted on February 6 that the crypto market is approaching the on-chain loss supply level observed during the last bear market. Back in November 2022, roughly 10.5 million Bitcoin were in a loss position. Currently, over 9.5 million Bitcoin are in loss, while around 10.4 million remain profitable. Darkfost also pointed out the market is on track to see loss and profit Bitcoin supplies roughly equal—a scenario last seen at the end of the 2022 bear market. Notably, this correction is significant, with loss-holding supply growing rapidly.

9 minutes ago

"The Buddy" topped up with nearly 200,000 USDC, increased long position, overall holding increased to $4.5 million"

On February 6, Onchain Lens monitoring data indicates a crypto whale has once again deposited 198,960 USDC into HyperLiquid. The whale has boosted their long positions in ETH and HYPE, and opened a new long position in BTC.

9 minutes ago

Bitcoin Breaks $69K, Bounces Nearly 15% from Low

On February 6, Bitcoin surged past $69,000, according to HTX market data, with its current price at $69,017. The cryptocurrency has rebounded nearly 15% from today’s low of $60,010.

9 minutes ago

Bithumb Acknowledges Mistakenly Airdropping a Large Amount of Bitcoin to Users, Causing a Temporary Sharp Drop in On-Exchange Bitcoin Price

February 6: Korean exchange Bithumb released a statement confirming it mistakenly airdropped a large amount of Bitcoin to users Wednesday, with those recipients then selling the crypto—triggering a sharp drop in Bitcoin’s price on the platform. Earlier, Dumpster DAO core member Definalist noted Bithumb staff had intended to distribute 2,000 South Korean won as a reward but mistakenly sent 2,000 BTC instead. Hundreds of users received the unexpected airdrop, pushing Bitcoin’s price on Bithumb to a 10% discount compared to other markets at one point.

9 minutes ago

Yesterday, the Multicoin associated address transferred 440,000 JITOSOL to a liquidity provider, worth approximately $47 million.

**Multicoin Transfers 440k JITOSOL to Market Makers; Remains Top SOL Holder** Arkham analyst Emmett Gallic, in Feb 6 monitoring, reported Multicoin-linked addresses sent 440,000 JITOSOL to market makers FalconX and Galaxy Digital the prior day (Feb 5). The transfer is valued at ~$47 million. Gallic estimates Multicoin still holds at least 2.8 million SOL (~$250 million)—down from 24 million SOL in early 2021. Separately, Multicoin co-founder Kyle Samani announced Feb 5 he’s stepping down to explore new tech-focused directions, though he’ll remain Chairman of the firm, one of the largest SOL treasury holders.

9 minutes ago

U.S. Treasury Secretary: 'Crypto Market Structure Bill' Signing Is Critically Important to Become Law

February 6, U.S. Treasury Secretary Janet Yellen took to X to thank Senator Cynthia Lummis for her continued work in the Senate advancing critical digital asset market structure legislation. She stressed the importance of signing the "Crypto Market Structure Act" into law, noting the digital asset revolution is already underway and expressing confidence that bipartisan leadership will enable the U.S. to ultimately see this revolution through.

9 minutes ago

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A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

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A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

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Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

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A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

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