☀️ (2026.02.09) Summary of major cryptocurrency news and comments
Have a great day! Weekly Start
1️⃣ Bitcoin mining difficulty drops 11%, the largest drop since China's Bitcoin ban in 2021
📌 (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
✏️ (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...
2️⃣ ENS abandons its L2 and operates fully on the Ethereum mainnet
📌(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.
✏️ (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...
3️⃣ MegaEther will buy back MEGA with their USDM stablecoin profits.
📌 (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.
✏️ (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...
4️⃣ Russia's largest bank is preparing to allow crypto-backed loans.
📌 (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.
✏️ (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. 🤩
#CryptocurrencyNews #CoinNews #Cryptonews #BTC #ETH