Bitcoin was trading at 126k four months ago

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At a conference dedicated to the riskiest traders in finance, Miami's crypto scene appeared far different than during its pandemic-era boom.

The Vibes From the 'Davos for Degens' as Bitcoin and Ethereum Plummeted

Crypto-native brand Pudgy Penguins is hosting a pop-up Valentine's Day event in New York City, complete with a plush bouquet.

Pudgy Penguins Hit New York City With Valentine's Day Pop-Up Event

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
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