XXYY.cc | February 7, 2026

Keywords: Dow Jones breaks 50,000 · BTC rebounds violently · Saylor's holding red line · Non-farm data

1️⃣ The Dow Jones reached above 50,000 points for the first time in history, led by tech stocks

Overnight, the U.S. stock market rebounded strongly, with the Dow Jones soaring 1,200 points to first cross the 50,000 mark. Despite Nvidia, the AI leader, performing moderately, the market experienced a retaliatory recovery after the 'Black Thursday', with both the S&P 500 and Nasdaq recording significant gains, boosting the sentiment for all risk assets.

2️⃣ BTC shows a V-shaped reversal, quickly recovering from $60,000 to $70,000

After hitting an annual low of $60,074, BTC surged violently overnight by over 15%, briefly rushing back to $70,000. Analysts describe this move as the 'leveraged washout' after being 'extremely oversold'. Currently, the price has rebounded to around $66,300 and is fluctuating as the market digests over $1.2 billion in ETF outflows this week.

3️⃣ MSTR financial report: holding 713,000 BTC, currently in a paper loss state

Strategy (MSTR) latest financial report shows that its average holding price for BTC is around $76,000. At the current price, the company's paper loss is about $4.7 billion. Although the stock price has risen by 6.7% due to the market rebound, Michael Saylor's 'infinite accumulation' strategy is facing its most severe test since 2024.

4️⃣ U.S. non-farm employment figures exceed expectations, market lowers the probability of rate cut in March

The January non-farm report shows that the labor market remains resilient, with unemployment rates staying low. After the data was released, U.S. Treasury yields rose, and the dollar index strengthened. This has made investors worried that even if the newly nominated Fed chair Warsh takes office, he may find it difficult to fulfill the promise of 'immediate significant rate cuts'.

5️⃣ Gemini announces restructuring: laying off 200 overseas employees and streamlining international operations

Affected by the recent 'winter' sentiment in the crypto market, Gemini announced plans to cut 200 overseas employees. Co-founders Winklevoss brothers stated they will focus on core compliance business. This move is seen as a 'contraction for survival' signal for secondary exchanges amid a liquidity drought.

6️⃣ ENS Labs strategic shift: abandoning L2 plans, fully returning to Ethereum mainnet

ENS Labs announced the cancellation of its Layer 2 plan called 'Namechain', and will instead fully deploy ENS v2 on the Ethereum mainnet. This decision responds to Vitalik's recent call for a re-evaluation of L2 value.