What to know : XRP tumbled more than 16 percent to about $1.29, the weakest performance among major tokens as bitcoin slid 7 percent, with roughly $46 million in XRP derivatives liquidations amplifyin

On February 5, 2026, at 8:00 AM UTC+8, **Gemini** announced that it would close its operations in **the UK, the European Economic Area, and Australia**, hitting the brakes hard for a trading platform that once boasted about its globalization story. According to the announcement, relevant accounts will be fully shut down on **April 6, 2026**. The platform has already entered the "asset withdrawal period" for existing users: **from March 5, only withdrawal functions will be retained**, after which the registration portal will be closed, incentive programs will be halted, and account permissions will be continuously restricted.

Even Multicoin no longer believes in Web3.

Shares of the company fell 5% in pre-market trading.

1. On-chain funds: None 2. Maximum price fluctuation: $I’m here, $WARD 3. Top news: After Multicoin co-founder Kyle announced his departure, the crypto community sounded the alarm on talent loss.

When all platforms are promoting precious metal contracts and tokenization of US stocks, is it a risk or an opportunity?

On February 5, 2026, the controversy surrounding the flow of funds at Binance suddenly intensified on crypto Twitter and various communities. Various "screenshots" and "exposés," combined with past memories of industry runs, quickly triggered a new wave of panic associations regarding fund safety. As public opinion approached its peak, Binance founder **CZ** publicly responded to the related rumors, citing statistics from multiple industry media and data platforms, stating that Binance maintained a level of several billion dollars over the periods of **1 day, 7 days, and 1 month**.

On February 4, 2026, Ripple officially announced a significant decision: Ripple Prime (Ripple's institutional-grade Prime Brokerage platform) officially supports Hyperliquid.

Vitalik Buterin candidly stated in his latest article that the hope for Ethereum's scalability relying on Layer 2 solutions is "no longer reasonable," a statement that has sent shockwaves through the entire crypto world. The increase in the gas limit on the Ethereum mainnet and the implementation of native Rollups are reshaping the narrative of blockchain scalability. According to core market data, the total value of Ethereum Rollups has decreased by 13.2% year-on-year, down to $40.3 billion, compared to nearly $50 billion at its peak in mid-2025.

Kyle's departure is essentially a "value choice."

the lights of Wall Street flicker in the winter night, as global markets hold their breath waiting for the first call from the new head of the Federal Reserve. This candidate for Fed chairman, praised by Trump as "possibly the greatest ever," steps onto the stage with a rare combination of monetary policies. Waller was once seen as a typical "hawk"—his criticisms of quantitative easing and uncompromising anti-inflation stance are well-known. However, before he was nominated as Fed chairman,

On February 5, 2026, at 8:00 AM UTC+8, the price of Bitcoin quickly fell below the **$71,000 mark**, currently reported at approximately **$70,945.49**, with a 24-hour decline expanding to **7.5%**. Ethereum also briefly dropped below **$2,100**, with a daily decline of about **8.66%**. The overall market is showing a pattern of a sharp pullback with increased volume from high levels. Amidst the intense price fluctuations, a rare combination has emerged on the on-chain and derivatives side: on one hand, some large whales have chosen to sell at a loss on several high-risk small-cap tokens.

In the past 24 hours, the market has seen liquidations reach as high as $659 million. Notable investor Michael Burry wrote on social media, "The nauseating scenario is now within reach." The price of Bitcoin has dropped over 40% from its historical high in 2025, hitting a new low not seen in 15 months. A storm sweeping through the cryptocurrency market is escalating. Bitcoin briefly fell below the $73,000 mark, erasing all gains since Trump was re-elected in November 2024.