February 4, 2026 | A summary of noteworthy crypto news from the past 24 hours!

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A sudden V-shaped shock hit overnight… will your portfolio hold up?

1️⃣ BTC briefly broke below $73,000 around 2 AM, then quickly bounced back above $76,000 .
Observations show that large funds are actively implementing high-frequency Short strategies, and pessimistic sentiment remains quite strong. It's not advisable to rush into an "all-in" Longing position at this time.

2️⃣ $ETH briefly dropped to $2,110 USD , then recovered to the $2,200–$2,300 USD range. Many "whales" have reduced their positions over the past two days, while unrealized losses across the market remain significant.

3️⃣ $ SOL is causing a lot of controversy.
The Dou Shou Chang (Arena) community is calling for Longing positions, while the Binance Killers group is leaning towards Short.
Consensus point: $95–$100 is the key support zone.

4️⃣ Memecoin $CLAWSTR explodes, market Capital reaches $13.7 million , increasing more than 33 times in just 24 hours .
A new "monster" appears every day.

5️⃣ on-chain data shows that a suspected whale has transferred approximately 310,000 ETH (approximately $651 million ) to Binance over the past three days, most likely to repay a loan .

6️⃣ Standard Chartered revises its outlook on SOL :

  • Lowering the 2026 target to $250

  • Still optimistic about reaching $2,000 by 2030.
    Well, let's just keep "selling dreams" then.

7️⃣ An AAVE DAO proposal suggests scaling back the multi- chain AAVE V3 (Phase 1) deployment , proposing to freeze the zkSync, METIS , and Soneium networks.
Future blockchains must ensure a minimum of $2 million in revenue per year .

8️⃣ Polymarket received a 14-day temporary ban in Nevada , forcing it to stop offering event contracts to local residents.
The courts tend to classify these markets as unlicensed gambling .
Unexpected — but also completely… unsurprising.

9️⃣ Kraken's parent company, Payward , announced its fiscal year 2025 financial results:

  • $2.2 billion in revenue

  • $2 trillion in volume
    Is an IPO imminent?

10 Tether has open-sourced its Bitcoin mining operating system , MiningOS , under the Apache 2.0 license, with a modular, peer-to-peer (P2P) architecture.
The Mining SDK is expected to launch in the next few months.

1️⃣1️⃣ The US federal government has officially ended the partial shutdown . The budget has been extended until September 30th .
After the House of Representatives passed the bill, President Trump signed it into law at the White House. The Department of Homeland Security was given an additional two weeks of funding to continue negotiations.

A classic example of an unresolved conflict of interest is the prolonged nature of a situation where the other party continuously tests their limits of tolerance.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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