Daily Crypto Briefing 20260208
1. The stablecoin RLUSD on Ethereum has burned 2.5 million tokens in the past 24 hours, having already burned over 25 million this week, with a current market cap of $1.49 billion.
2. On February 8th, abnormal fluctuations were observed in the 1-minute chart of Bitcoin and ETH spot on Binance, with single-minute amplitudes exceeding 1% and even 3% from 00:05 to 00:17, possibly due to a malfunction in the market maker grid strategy.
3. A newly created address withdrew 60,000 ETH from Gate on February 8th, worth $122.96 million, and deposited it into Aave V3, likely for leveraged operations.
4. Wintermute CEO Evgeny Gaevoy expressed skepticism regarding recent market rumors of “institutional blow-ups,” believing that the leverage structure in this cycle is more orderly and that margin management on exchanges has improved.
5. Bitcoin's current bear market performance has set the worst record for the same period, with a decline of 30%.
6. Ripple participated in a stablecoin regulatory summit held at the White House with major cryptocurrency companies and representatives from traditional finance, with sources stating that the closed-door meeting was constructive.
7. 50,001 WETH (worth approximately $1.018 million) was transferred from an unknown wallet to the Aave protocol.
8. On February 6th, the cryptocurrency market experienced a strong rebound, with Bitcoin returning above $70,000, and both Ethereum, Dogecoin, and Solana rising over 10%.
9. On February 6th, Eastern Time, the Dow Jones Industrial Average first crossed the 50,000-point mark, triggering a chain reaction in global markets, with the cryptocurrency market also experiencing a strong return.
10. Bitcoin returned to $68,000, ending a three-day decline.
