Coinbase CEO: Market Volatility is Not Unusual, No Reason Not to Be Bullish on Cryptocurrency Long Term

On February 8, Arweave (AR) community member @mil_itia noted that the Arweave network has been consistently producing blocks and all transactions are processing normally. The issue stems from Viewblock’s block explorer relying on locally cached counts instead of the actual network block height, and the team is working to resolve it. Yesterday, data from Arscan showed the Arweave (AR) network had not generated any new blocks for over 24 hours. The last recorded block—numbered 1,851,686—was mined on February 6 at 11:18:15 Beijing time.

February 8 Two California high school students—16 and 17 years old—face felony charges for driving over 600 miles to Arizona to commit a violent home invasion robbery, targeting a family they believed held $66 million in cryptocurrency. On the morning of January 31, the suspects arrived at a Scottsdale residence in the Sweetwater Ranch community wearing FedEx uniforms, forcibly entered the home, bound two adults with duct tape, and assaulted them to extort crypto. The victims denied owning any cryptocurrency, sparking further violence. When police responded, they found a woman screaming and a man struggling with one suspect. The teens fled in a blue Subaru but were taken into custody shortly after on a dead-end street. They face eight charges, including kidnapping and aggravated assault. “Wrench attack” incidents targeting crypto holders are on the rise: roughly 60 cases were reported in 2025, up from 41 in 2024 and 36 in 2021.

On February 8th, per HTX market data, the crypto market traded sideways overnight. Bitcoin held above $69,000, while Ethereum rebounded to break $2,100 and is now trading at $2,090. The total crypto market capitalization dropped 1% over the past 24 hours to $2.449 trillion. Leading the rebound among top altcoins are: - LA: $0.273 (up 34% in 24h) - BANANAS31: $0.00388 (up 21.84% in 24h) - F: $0.00658 (up 15.4% in 24h) - GPS: $0.0102 (up 14.7% in 24h) - RESOLV: $0.086 (up 11.6% in 24h) Top decliners among altcoins include: - CHESS: $0.0084 (down 26.6% in 24h) - SIGN: $0.029 (down 17.9% in 24h) - API3: $0.324 (down 16.2% in 24h) - FRAX: $0.75 (down 10.2% in 24h) - Binance Life: $0.095 (down 9.7% in 24h)

On-chain analyst Auntie Ai (@ai_9684xtpa) noted on February 8th that two addresses likely linked to the same entity boosted their ETH holdings by 53,544.2 ETH over the past 24 hours. The purchase totals $111 million, with an average entry price of $2,074.40. Since February 1st, the entity has accumulated 63,784.8 ETH in total—valued at $133 million overall, at an average entry price of $2,083.61.

On February 8th, U.S. state Illinois introduced a state-level "Bitcoin Reserve Community Act" earlier this week. The legislation will establish a state-run Bitcoin multi-signature cold storage program, launching with the Altgeld Bitcoin Reserve. Under the bill, future BTC transactions or sales will require new legislative authorization.

February 8th, Ryan Navi—Chief Information Officer (CIO) of Forward Industries (FWDI), the largest Solana treasury firm—stated that market mispricing is creating opportunities. FWDI has no debt, and in the event of industry liquidity stress, it will pursue an offensive strategy to consolidate other SOL treasury companies. Currently, Forward holds nearly 7 million SOL, more than the combined holdings of the next three closest competitors. Navi emphasized: “A leveraged balance sheet is the true advantage in the crypto treasury market. While others operate defensively, Forward will take the initiative. It will remain unleveraged and debt-free, viewing Solana as a long-term strategic infrastructure investment rather than short-term speculation.”