โ๏ธ (2026.02.09) Summary of major cryptocurrency news and comments Have a great day! Weekly Start 1๏ธโฃ Bitcoin mining difficulty drops 11%, the largest drop since China's Bitcoin ban in 2021 ๐ (Summary) - Bitcoin mining difficulty fell 11.16% on Saturday - This is the largest drop since China's Bitcoin ban in July 2021 - Hashrate dropped by approximately 20% this month alone - The biggest factors are the falling Bitcoin price and the winter cold - The current Bitcoin price averages 87k - The price itself is highly inefficient at 70k โ๏ธ (Personal Comment) - Miners and hashrate continue to struggle - Personally, I believe that when the hashrate drops this much, - it means Bitcoin is approaching a bottom, - but it also means that a sudden drop is possible, - so it's more accurate to interpret this as a bottom over time rather than a price drop. Original Link (www.theblock.co/post/388955/bi... 2๏ธโฃ ENS abandons its L2 and operates fully on the Ethereum mainnet ๐(Summary) - ENSv2 will operate exclusively on Ethereum. - Ethereum's scalability has increased much faster than expected over the past two years. - Therefore, they decided that there would be no problem with running it on Ethereum. - The time and money invested in building their L2 will be used for interoperability between L2 and ENS v2. โ๏ธ (Personal Comment) - As Vitalik said, "Layer 2s are unnecessary." - ENS seems to have realized this and decided to build on Ethereum. - Personally, seeing these developments, I wonder if the Ethereum era will return. - In the past, L2 and bridges were built outside of Ethereum. - Now, it's time to return to Ethereum... - I'm very excited about the future of Ethereum in its next cycle. I'm excited. Original link (www.theblock.co/post/388932/en... 3๏ธโฃ MegaEther will buy back MEGA with their USDM stablecoin profits. ๐ (Summary) - MegaEther will purchase MEGA tokens with their USDM stablecoin profits. - All MegaEther apps will support USDM. - USDM is a stablecoin created through a partnership between Esena and megaETH. - This stablecoin generates profits from USDtb and BlackRock's BUIDL. - MegaEther also disclosed four key performance indicators (KPIs) required to release 50% of their tokens. - These include a 30-day average of $500m USDM supply and 10 apps earning more than $50k in fees for 30 days. - MegaETH will conduct a token generation event (TGE) when all three KPIs are met. โ๏ธ (Personal Comments) - The USDM approach itself is very refreshing. - The KPI-based TGE seems... too strict. - Personally, I'm saying they'll build an ecosystem without tokens, meet the KPIs, and then release tokens. - I think it could take 3-4 years, like a real base. - So what happens to token buyers? - I think it's right to announce these KPIs and give those who participated in the sale the option of a refund. Original link (www.theblock.co/post/388914/me... 4๏ธโฃ Russia's largest bank is preparing to allow crypto-backed loans. ๐ (Summary) - Sberbank is preparing to offer crypto-backed loans. - This decision was made in response to strong customer demand. - Currently, over $408 billion worth of digital assets have been issued on the Sberbank platform. - The Central Bank of Russia currently classifies cryptocurrencies as foreign assets. - While purchasing and selling are permitted, their use as a means of payment is prohibited. โ๏ธ (Personal Comment) - Russia is starting to accept cryptocurrencies one by one, isn't it? - China took a completely different path, saying, "Let's make our own." - Russia's stance is to quickly accept BTC, ETH, etc. based on government support. Interesting difference. - But the government is so powerful that if they want to create something, it's done so quickly. Original link (www.theblock.co/post/388822/ru... Hearts and likes are a huge help to BQ content. ๐คฉ #CryptocurrencyNews #CoinNews #Cryptonews #BTC #ETH
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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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