Your Daily Crypto - 6th Feb


Today’s Top Caps

BTC $64K (-8.4%)

ETH $1887 (-10.2%)

USDT $1

BNB $620 (-10.2%)

XRP $1.29 (-9.5%)

Source: Coinmarketcap

 

Today's Top Gainers

DCR, MYX, M

Source: Coinmarketcap 24HR Top100

 

Top ETF Tracker

BTC -434M, ETH -80M,

SOL +2M, XRP +1M.

Source: Coinmarketcap / Coinglass

 

Today's Top Headlines

Bitcoin records one of its worst days ever.

Yesterday Bitcoin dropped around 14%, marking its 4th worst single-day drop of the decade.

For context:

• Mar 12, 2020 (COVID crash): -27.2%

• Nov 9, 2022 (FTX collapse): -15.9%

• Jun 13, 2022 (Terra/Luna collapse): -15.1%

Yesterday’s selloff now ranks alongside crypto’s most severe systemic shocks, despite no clear catalyst driving the move.

Crypto liquidations hit $1.95B in the last 24 hours, with brutal deleveraging coming from $1.7B in long liquidations, against $213M from shorts.

Source: Coinbureau

Gemini Exchange Exits EU, UK, and Australia.

Gemini is shutting down operations in the UK, EU, and Australia by April 2026. The Timeline they have given is from now until March 5th accounts will be switched to ‘Withdrawal-only mode’ with all accounts being closed on April 6.

The reasons given for exiting these areas are high costs, complexity and slow pace of regulation, and focus on the US market.

Users within these areas are strongly advised to remove your funds from Gemini as soon as possible.

Source: Gemini

Binance co-founder He Yi announced on X that Binance are basically giving zero mindshare to the latest community anger and rumours of a ‘Bank Run' toward them.

She said “Some friends in the community have initiated a withdrawal campaign. Although the number of assets in Binance addresses has increased after the campaign was launched, I believe that regularly initiating withdrawals from all trading platforms is a very effective stress test.

I hope everyone carefully checks the addresses during the withdrawal process to minimize errors, as there is no way to recover funds on the blockchain.”

It's worth noting that on-chain data actually backs up her claim that Binance had greater inflows during the community ‘Bank Run'.

Source: Heyibinance

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Strategy Inc. reported its fourth-quarter and full-year 2025 results, disclosing holdings of 713,502 BTC as of Feb. 1, 2026, acquired at a total cost of approximately $54.26 billion, or $76,052 per bitcoin.

The company raised $25.3 billion in 2025 and established a $2.25 billion USD reserve, providing about 2.5 years of dividend and interest coverage. In Q4 2025, Strategy recorded $17.4 billion in unrealized losses from digital assets under fair-value accounting and posted a quarterly net loss of $12.4 billion.

Strategy also announced they will initiate a Bitcoin Security program that coordinates with the global Cyber, Crypto, and Bitcoin security community.

“Bitcoin FUD is Inevitable, including Quantum FUD. Quantum computing is 10+ years away; it is a promising but nascent technology.”

Source: Strategy

Polymarket posted on X that it will partner with USDC, and that Polymarket user balances will soon be backed 1:1 by U.S. dollars, with more details to follow.

Source: Polymarket

Blockratize Inc., Polymarket’s parent company has filed a trademark application for $POLY.

Source: Cointelegraph

Until Next Time, Stay Frosty!

 

 

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