Starting from 00:00, within 71 minutes, the price of ETH surged from $1970 to $2063, an increase of 4.68%.

On February 6, 2026, East Eight Time, **ENS (Ethereum Name Service)** announced the halt of the development of the dedicated Layer 2 network **Namechain**, changing the originally planned **ENSv2** launch on L2 to a direct deployment on the Ethereum mainnet. This shift closely follows the **Fusaka upgrade** completed by Ethereum in 2025: the mainnet gas limit has been raised to **60 million**, along with changes such as EIP-4444, significantly enhancing the execution layer's capacity.

From February 6 to 7, Eastern Standard Time, after Bitcoin previously dropped below approximately **$60,000**, it staged a rapid counterattack, quickly rising to nearly **$70,000**, showcasing a typical "sharp drop and sharp rise" market trend. The 24-hour Bitcoin price increase on mainstream exchanges was roughly in the range of **2.2%-9.7%**, while the crypto-related sectors in the US stock market also strengthened, with some assets like **Strategy** surging about **20.05%** in a single day, indicating a resonance and repair of risk appetite both on-chain and off-chain.

In the East Eight Time Zone this week, after experiencing a sharp decline, Bitcoin quickly surged from around $60,010, with a rebound of nearly 15%, significantly amplifying the daily volatility of the entire cryptocurrency market. During this period, over $2.6 billion in crypto positions were forcibly liquidated, and the spot Bitcoin ETF recorded a net outflow of about $434 million in a single day. However, in contrast, Bitcoin's price showed relative resilience around the $69,000 range. This "liquidation"

The South Korean exchange **Bithumb** reported a reward distribution blunder this week in the UTC+8 time zone: the plan was to distribute a small incentive of about **2000 KRW** to users, but due to an internal operational error, it was mistakenly reported as "issuing about **2000 BTC**" (this figure is currently only seen in online discussions and awaits multi-source verification). According to a single source, the **BTC price on the platform was once about 10% lower than the external market**, and the risk control system was triggered at around **5**.

Want to set sail in the market? Liying is here to share a little secret, navigating together with everyone, letting the ship of dreams ride the winds and waves, heading towards the shores of success!

On February 6, at 8:00 AM UTC+8, against the backdrop of Bitcoin's global price breaking **$69,000** and a 24-hour increase of about **2.3%-2.9%**, the South Korean exchange **Bithumb** mistakenly sent **2000 BTC** to users due to an operational error, and then quickly froze accounts and reverted the price. This sharp deviation lasted only about **5 minutes**, contrasting with the price range of **$69,000-$69,100** on **HTX** and **OKX** at the same time.

You can follow the official account Gu Jingci, which focuses on guidance and layout for mainstream coins.

Starting from 21:00, within 101 minutes, the price of ETH surged from $1918 to $2000, an increase of 4.25%.

On February 6, 2026, during the U.S. stock trading session, **TD Cowen** analyst **Lance Vitanza** released his latest views, choosing to maintain a **"Buy" rating for MicroStrategy (MSTR) with a target price of $440**, without turning conservative due to the recent significant fluctuations in Bitcoin. On the same trading day, MSTR's stock price surged by about **9.94%-11.2%** at one point, while the spot **BTC traded in a narrow range of $67,879-$68,014**.

Bitcoin technology remains decentralized, with regulation only affecting the periphery; the core network can operate without any central authority.

On February 6, 2026, at 8:00 AM UTC+8, **TD Cowen** analyst Lance Vitanza's team updated their research report, lowering the **MicroStrategy (MSTR) target price from $500 to $440**, while still maintaining a "Buy" rating (according to a single source). This combination of "cutting the price but not the rating" quickly sparked discussions in the market. At this time, the price of Bitcoin, according to HTX data, had once **surpassed $67,500**. MS

On February 6, 2026, at 8:00 AM UTC+8, **Trend Research** transferred **30,000 ETH** to Binance within approximately 3 hours, equivalent to about **$58.18 million** at the time. This was captured by multiple data sources on-chain. Although the scale of this transfer was enough to trigger market nerves, public data shows that Trend still holds approximately **217,274 ETH** (about $421 million) on-chain, and this number is in a continuous downward trend. As the