<h2>标题</h2>
<p><strong>▌比特币跌破 69,000 美元</strong></p>
<p>市场数据显示，比特币已跌破 69,000 美元，目前交易价格为 68,983.9 美元，24 小时内下跌 3.72%。市场波动性较高，请管理好风险。</p>
<p><strong>▌Ark Invest 上周四出售了超过 1900 万美元的 Coinbase 股票</strong></p>
<p>根据 Bitcoin.comNews 的报道，Ark Invest 在上周四比特币暴跌至近 60,000 美元时，出售了超过 1900 万美元的 Coinbase 股票。该公司还减少了其 ETF 中 119,236 股$COIN 股票的持有量。</p>
<p>+7.2%；</p>
<p>狗狗币价格为 0.09833 美元，24 小时变化约为 +8.5%；</p>
<p>XRP 价格为 1.37 美元，24 小时变化约为 +14.3%；</p>
<p>TRX 价格为 0.2782 美元，24 小时变化约为 +2.7%；</p>
<p>WLFI 价格为 0.1242 美元，24 小时变化约为 +7.2%；</p>
<p>狗狗币价格为 0.09833 美元，24 小时变化约为 +7.2%；</p>
<p>狗狗币价格为 0.09833 美元，24 小时变化约为 +2.7%；</p>
<p>WLFI 价格为 0.1242 美元... +8.3%；HYPE 价格为 31.68 美元，24 小时变化约为 +6.0%。政策 ▌南非储备银行行长 Kganyago 警告稳定币使用上升带来的风险 南非储备银行行长 Lesetja Kganyago 警告称，随着稳定币越来越受欢迎，相关风险也在上升，表示这些加密资产面临 “破裂” 的风险。在 2026 年华威经济峰会上，Kganyago 表示，中央银行需要 “保护货币的统一性和公众的货币可负担性。” 他补充道，指的是稳定币，“事实是，这些东西可能会分裂。” 区块链应用 SushiSwap 将整合到 Solana 链中，支持 Sol 和 EVM 之间的跨链资产交换 2 月 8 日，Sushi 的董事总经理 Alex 宣布与 Jupiter 达成合作，SushiSwap 将很快整合到 Solana 链中。这将支持在 Solana 上的链上交易以及 Sol 和 EVM 网络之间的跨链交换。用户将能够在 Solana 链上使用 SushiSwap 交易 Meme 币、代币化股票、RWA 资产等。官方启动定于 2 月 9 日。加密货币</p>
<hr/>
<h2>根据 Onchain Lens 监测，在过去 24 小时内，鲸鱼地址 “0x28e” 提取了 50,415 个$ETH（约合 1.0454 亿美元），并转移到多个钱包，其中 “0x3E1” 持有 50,155 个$ETH（约合 1.0453 亿美元）。</h2>
<h2>加密货币</h2>
<p>Bitwise 顾问：市场卖压主要由 “纸钱” 和与对冲及做市相关的非方向性交易驱动 Bitwise 顾问 Jeff Park 发布了对近期市场急剧下跌的分析。他首先澄清了 “纳斯达克已取消 IBIT 期权的头寸限制，从而给予华尔街无限杠杆” 的说法是不真实的。黑石的 IBIT 和 BITB 始终遵循 250,000 单位的标准头寸限制。SEC 文件仅将现货 ETF（如 FBTC 和 ARKB）的头寸限制提高到 250,000 单位，使其与 IBIT 和 BITB 的头寸限制保持一致，以确保市场公平竞争。去年 11 月，黑石的 IBIT 提交了将限制从 250,000 美元提高到 100 万美元的申请，但未获批准。关于市场崩盘的原因，Jeff Park 表示，这更可能是由于传统金融系统和衍生品机制的风险缓解所引发，而不是加密行业本身的基本面变化或单一的 “黑天鹅” 事件。在那一天，比特币 ETF，尤其是 IBIT，创下了交易量和期权活动的记录，期权交易明显以看跌头寸为主。比特币在两天内下跌超过 13%，市场最初预期 ETF 资金会大规模流出，但实际数据显示净流入。这表明卖压主要来自 “纸钱” 和与对冲及做市相关的非方向性交易，而不是长期资金的撤出。未来几天 ETF 净流动的变化将成为判断是否存在新的长期需求的重要指标。根据分析师 @alicharts 引用的 Santiment 数据，比特币社交情绪指数已达到近四年来的最低点，表明散户投资者的恐慌达到了顶峰。此外，从技术角度来看，比特币正接近其 200 周移动平均线（目前为 58,000 美元），这一水平在过去 12 年中多次作为熊市的底部和积累区。</p>
<p><strong>▌观点：这一轮加密熊市并非由单一因素造成；15 个因素共同推动市场急剧下跌</strong></p>
<p>2 月 7 日，著名阿根廷经济学家和资深加密交易员 Alex Krüger 在社交媒体上发文称，这一轮加密熊市并非由单一因素造成。他总结了 15 个推动市场急剧下跌的因素，主要包括：“1011” 清算、国债股票表现降温、量子威胁、AI 替代效应（资本、人才和矿业公司转向 AI）、特朗普的政治风险、加密行业创新稀缺、过度增量代币供应，以及 Walsh 被提名为新任美联储主席等。</p>
<p>... 以上观点得到了智能合约之父、CastleIsland Ventures 的联合创始人 Nic Carter 的支持。Nic Carter 认为，这场加密货币熊市不应归因于单一事件，以上提到的 15 个因素中有许多相当棘手。比特币的市值已跌出全球前 10 大资产，目前排名第 14，而以太坊的市值已降至全球第 75。Coinbase 首席执行官：尽管市场波动，仍对长期持乐观态度。Coinbase 首席执行官 Brian Armstrong 表示：“加密市场在过去几天经历了显著的波动。这并不新鲜。加密行业迄今经历了多个市场周期。就个人而言，这并没有改变我的看法——我认为在长期内几乎只能对加密行业保持乐观。它正在以惊人的速度侵蚀和重塑传统金融服务。无论市场状况如何，Coinbase 将继续推进其产品和业务。我们的使命是更新和升级金融系统。” 重要经济动态 Polymarket 预测美联储在 3 月份维持利率不变的概率已上升至 84%。根据 Polymarket 的数据，“美联储在 3 月份维持利率不变的概率已上升至 84%，而 25 个基点降息的概率已降至 15%，该预测事件的交易量已达到 75,991,850 美元。” 在人类历史上，黄金始终是商业活动中的核心商品。黄金作为最终价值储存的核心原因在于它没有对手方风险。它是唯一不属于他人负债的资产。其高的存量与流量比确保了稀缺性，使其免受法定货币的任意贬值。然而，最近出现了一种新的货币竞争者。尽管与传统金属不同，比特币等加密货币因其波动性和加密特性被称为 “黄金杀手”。比特币常被称为数字黄金。它能在未来取代黄金吗？如果可以，放弃这种古老资产是否明智？2025 年将结束这一争论：黄金仍然是真正的货币，而比特币仍然是一种风险资产。尽管历史波动性极高，比特币的下跌尚未达到需要谨慎的程度，但整个生态系统已遭受重大损失。黄金重申了其千年不变的 “货币之王” 地位。它是一种国家资产，是在没有电力、互联网或许可的情况下的最终保障。相比之下，比特币已成熟为一种高贝塔资产，具有一定的机构权威。它主要是交易者的资产，从其剧烈的双向波动中获利。如果黄金是传统的家庭和帝国财富的保障，那么比特币则是一种特立独行的热门资产：难以捉摸，有时失控，却又神秘迷人。它是否能转变为我们所渴望的储备资产，只有通过进一步的压力测试和多年的反复试验才能揭晓。</p>

BRRR

CORZ

BITF

<p>比特币已跌破 69,000 美元，目前交易价格为 68,983.9 美元，24 小时内下跌 3.72%。Ark Invest 在比特币接近 60,000 美元时出售了超过 1900 万美元的 Coinbase 股票。市场波动性较高，各种加密货币表现不一。南非储备银行行长警告称，稳定币使用增加带来了风险。SushiSwap 计划整合到 Solana 以实现跨链交易。Bitwise 顾问将市场下跌归因于 “纸面资金” 和非方向性交易，而非单一事件。分析师建议，多个因素正在推动当前的加密熊市</p>

<h2>Headline</h2>
<div class="lb-trans"><h2>标题</h2>
</div><p><strong>▌BTC Falls Below $69,000</strong></p>
<div class="lb-trans"><p><strong>▌比特币跌破 69,000 美元</strong></p>
</div><p>Market data shows that BTC has fallen below $69,000, currently trading at $68,983.9, a 24-hour drop of 3.72%. Market volatility is high; please manage your risk.</p>
<div class="lb-trans"><p>市场数据显示，比特币已跌破 69,000 美元，目前交易价格为 68,983.9 美元，24 小时内下跌 3.72%。市场波动性较高，请管理好风险。</p>
</div><p><strong>▌Ark Invest Sold Over $19 Million Worth of Coinbase Stock Last Thursday</strong></p>
<div class="lb-trans"><p><strong>▌Ark Invest 上周四出售了超过 1900 万美元的 Coinbase 股票</strong></p>
</div><p>According to Bitcoin.comNews, Ark Invest sold over $19 million worth of Coinbase stock last Thursday as Bitcoin plummeted to nearly $60,000. The company also reduced its holdings of $COIN stock in its ETF by 119,236 shares.</p>
<div class="lb-trans"><p>根据 Bitcoin.comNews 的报道，Ark Invest 在上周四比特币暴跌至近 60,000 美元时，出售了超过 1900 万美元的 Coinbase 股票。该公司还减少了其 ETF 中 119,236 股$COIN 股票的持有量。</p>
</div><p>+7.2%；</p>
<div class="lb-trans"><p>+7.2%；</p>
</div><p>DOGE price is $0.09833, 24-hour change is approximately+8.5%；</p>
<div class="lb-trans"><p>狗狗币价格为 0.09833 美元，24 小时变化约为 +8.5%；</p>
</div><p>XRP price is $1.37, 24-hour change is approximately+14.3%；</p>
<div class="lb-trans"><p>XRP 价格为 1.37 美元，24 小时变化约为 +14.3%；</p>
</div><p>TRX price is $0.2782, 24-hour change is approximately+2.7%；</p>
<div class="lb-trans"><p>TRX 价格为 0.2782 美元，24 小时变化约为 +2.7%；</p>
</div><p>WLFI price is $0.1242, 24-hour change is approximately+7.2%；</p>
<div class="lb-trans"><p>WLFI 价格为 0.1242 美元，24 小时变化约为 +7.2%；</p>
</div><p>DOGE price is $0.09833, 24-hour change is approximately+7.2%；</p>
<div class="lb-trans"><p>狗狗币价格为 0.09833 美元，24 小时变化约为 +7.2%；</p>
</div><p>DOGE price is $0.09833, 24-hour change is approximately+2.7%；</p>
<div class="lb-trans"><p>狗狗币价格为 0.09833 美元，24 小时变化约为 +2.7%；</p>
</div><p>WLFI price is $0.1242 ... +8.3%; HYPE price is $31.68, a 24-hour change of approximately +6.0%. Policy ▌South African Reserve Bank Governor Kganyago Warns of Risks from Rising Stablecoin Usage South African Reserve Bank Governor Lesetja Kganyago warned that as stablecoins become increasingly popular, the associated risks are rising, stating that these crypto assets are at risk of “fracture.” Speaking at the 2026 Warwick Economic Summit, Kganyago said that central banks need to “protect the unity of currency and the affordability of currency for the public.” He added, referring to stablecoins, &#34;The fact is, these things can split.&#34; Blockchain Applications SushiSwap to Integrate into Solana Chain, Supporting Cross-Chain Asset Exchange Between Sol and EVM On February 8th, Sushi Managing Director Alex announced a partnership with Jupiter, with SushiSwap soon to be integrated into the Solana chain. This will support on-chain trading on Solana and cross-chain exchanges between the Sol and EVM networks. Users will be able to trade Meme coins, tokenized stocks, RWA assets, etc., on the Solana chain using SushiSwap. The official launch is scheduled for February 9th. Cryptocurrency</p>
<div class="lb-trans"><p>WLFI 价格为 0.1242 美元... +8.3%；HYPE 价格为 31.68 美元，24 小时变化约为 +6.0%。政策 ▌南非储备银行行长 Kganyago 警告稳定币使用上升带来的风险 南非储备银行行长 Lesetja Kganyago 警告称，随着稳定币越来越受欢迎，相关风险也在上升，表示这些加密资产面临 “破裂” 的风险。在 2026 年华威经济峰会上，Kganyago 表示，中央银行需要 “保护货币的统一性和公众的货币可负担性。” 他补充道，指的是稳定币，“事实是，这些东西可能会分裂。” 区块链应用 SushiSwap 将整合到 Solana 链中，支持 Sol 和 EVM 之间的跨链资产交换 2 月 8 日，Sushi 的董事总经理 Alex 宣布与 Jupiter 达成合作，SushiSwap 将很快整合到 Solana 链中。这将支持在 Solana 上的链上交易以及 Sol 和 EVM 网络之间的跨链交换。用户将能够在 Solana 链上使用 SushiSwap 交易 Meme 币、代币化股票、RWA 资产等。官方启动定于 2 月 9 日。加密货币</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2>According to Onchain Lens monitoring, in the past 24 hours, the whale address “0x28e” withdrew 50,415 $ETH (approximately $104.54 million) and transferred it to multiple wallets, of which “0x3E1” holds 50,155 $ETH (approximately $104.53 million).</h2>
<div class="lb-trans"><h2>根据 Onchain Lens 监测，在过去 24 小时内，鲸鱼地址 “0x28e” 提取了 50,415 个$ETH（约合 1.0454 亿美元），并转移到多个钱包，其中 “0x3E1” 持有 50,155 个$ETH（约合 1.0453 亿美元）。</h2>
</div><h2>Cryptocurrency</h2>
<div class="lb-trans"><h2>加密货币</h2>
</div><p>Bitwise Advisor: Market Selling Pressure Primarily Driven by &#34;Paper Funds&#34; and Non-Directional Trading Related to Hedging and Market Making Bitwise advisor Jeff Park has published an analysis of the recent sharp market decline. He first clarified that the claim that &#34;Nasdaq has removed the position limit for IBIT options, thus giving Wall Street unlimited leverage&#34; is untrue. BlackRock's IBIT and BITB have always adhered to the standard position limit of 250,000 units. SEC documents only raised the position limit for spot ETFs such as FBTC and ARKB to 250,000 units, aligning them with the IBIT and BITB position limits to ensure fair market competition. Last November, BlackRock's IBIT submitted an application to increase the limit from $250,000 to $1 million, but this was not approved. Regarding the reasons for the market crash, Jeff Park stated that it was more likely triggered by the risk mitigation of the traditional financial system and derivatives mechanisms, rather than changes in the fundamentals of the crypto industry itself or a single &#34;black swan&#34; event. On that day, Bitcoin ETFs, especially IBIT, saw record trading volumes and options activity, with options trading clearly dominated by bearish positions. Bitcoin fell more than 13% within two days, and the market initially expected a large-scale outflow of ETF funds, but the actual data showed a net inflow. This indicates that the selling pressure mainly came from &#34;paper money&#34; and non-directional transactions related to hedging and market making, rather than a withdrawal of long-term funds. Changes in ETF net flows in the coming days will become an important indicator for judging whether there is new long-term demand. According to analyst @alicharts, citing Santiment data, the Bitcoin social sentiment index has reached a nearly four-year low, indicating that retail investor panic has peaked. Furthermore, from a technical perspective, Bitcoin is approaching its 200-week moving average (currently at $58,000), a level that has repeatedly served as a bottom and accumulation zone for bear markets over the past 12 years.</p>
<div class="lb-trans"><p>Bitwise 顾问：市场卖压主要由 “纸钱” 和与对冲及做市相关的非方向性交易驱动 Bitwise 顾问 Jeff Park 发布了对近期市场急剧下跌的分析。他首先澄清了 “纳斯达克已取消 IBIT 期权的头寸限制，从而给予华尔街无限杠杆” 的说法是不真实的。黑石的 IBIT 和 BITB 始终遵循 250,000 单位的标准头寸限制。SEC 文件仅将现货 ETF（如 FBTC 和 ARKB）的头寸限制提高到 250,000 单位，使其与 IBIT 和 BITB 的头寸限制保持一致，以确保市场公平竞争。去年 11 月，黑石的 IBIT 提交了将限制从 250,000 美元提高到 100 万美元的申请，但未获批准。关于市场崩盘的原因，Jeff Park 表示，这更可能是由于传统金融系统和衍生品机制的风险缓解所引发，而不是加密行业本身的基本面变化或单一的 “黑天鹅” 事件。在那一天，比特币 ETF，尤其是 IBIT，创下了交易量和期权活动的记录，期权交易明显以看跌头寸为主。比特币在两天内下跌超过 13%，市场最初预期 ETF 资金会大规模流出，但实际数据显示净流入。这表明卖压主要来自 “纸钱” 和与对冲及做市相关的非方向性交易，而不是长期资金的撤出。未来几天 ETF 净流动的变化将成为判断是否存在新的长期需求的重要指标。根据分析师 @alicharts 引用的 Santiment 数据，比特币社交情绪指数已达到近四年来的最低点，表明散户投资者的恐慌达到了顶峰。此外，从技术角度来看，比特币正接近其 200 周移动平均线（目前为 58,000 美元），这一水平在过去 12 年中多次作为熊市的底部和积累区。</p>
</div><p><strong>▌Opinion: This round of crypto bear market is not caused by a single factor; 15 factors combined to drive the market down sharply</strong></p>
<div class="lb-trans"><p><strong>▌观点：这一轮加密熊市并非由单一因素造成；15 个因素共同推动市场急剧下跌</strong></p>
</div><p>On February 7th, Alex Krüger, a renowned Argentine economist and veteran crypto trader, posted on social media that this round of crypto bear market is not caused by a single factor. He summarized 15 factors that drove the market down sharply, mainly including: the &#34;1011&#34; liquidation, the cooling of Treasury stock performance, the quantum threat, the AI ​​substitution effect (capital, talent, and mining companies shifting to AI), Trump's political risks, the scarcity of innovation in the crypto industry, excessive incremental token supply, and Walsh's nomination as the new Federal Reserve Chairman, etc.</p>
<div class="lb-trans"><p>2 月 7 日，著名阿根廷经济学家和资深加密交易员 Alex Krüger 在社交媒体上发文称，这一轮加密熊市并非由单一因素造成。他总结了 15 个推动市场急剧下跌的因素，主要包括：“1011” 清算、国债股票表现降温、量子威胁、AI 替代效应（资本、人才和矿业公司转向 AI）、特朗普的政治风险、加密行业创新稀缺、过度增量代币供应，以及 Walsh 被提名为新任美联储主席等。</p>
</div><p>... The above viewpoint was shared and supported by Nic Carter, the father of smart contracts and co-founder of CastleIsland Ventures. Nic Carter believes that this crypto bear market should not be attributed to a single event, and many of the 15 factors mentioned above are quite thorny. Bitcoin's market capitalization has fallen out of the top 10 global assets, currently ranking 14th, while Ethereum's market capitalization has fallen to 75th globally. Coinbase CEO: Remains Bullish on the Long Term Despite Market Volatility Coinbase CEO Brian Armstrong stated, “The crypto market has experienced significant volatility over the past few days. This is nothing new. The crypto industry has gone through multiple market cycles so far. Personally, this doesn’t change my view—I think you can almost only remain bullish on the crypto industry in the long term. It is eroding and reshaping traditional financial services at an astonishing pace. Regardless of market conditions, Coinbase will continue to advance its products and business. We have a mission to update and upgrade the financial system.” Important Economic Developments Polymarket predicts the probability of the Federal Reserve keeping interest rates unchanged in March has risen to 84%. According to Polymarket data, &#34;the probability of the Federal Reserve keeping interest rates unchanged in March has risen to 84%, while the probability of a 25 basis point rate cut has fallen to 15%, and the trading volume for this predicted event has reached $75,991,850.&#34; Throughout human history, gold has always been a core commodity in commercial activities. The core reason why gold is the ultimate store of value is that it has no counterparty risk. It is the only asset that is not a liability of others. Its high stock-to-flow ratio ensures scarcity, making it immune to arbitrary devaluation of fiat currencies. However, recently, a new currency competitor has emerged. Despite being different from traditional metals, cryptocurrencies such as Bitcoin are touted as gold killers due to their volatility and cryptographic properties. Bitcoin is often called digital gold. Can it replace gold in the future? If so, is it advisable to abandon this ancient asset? 2025 put an end to this debate: gold remains the true currency, while Bitcoin remains a risk asset. Despite historically high volatility, Bitcoin's decline hasn't reached a level requiring caution, yet the entire ecosystem has suffered significant losses. Gold has reaffirmed its millennia-old status as the &#34;king of currencies.&#34; It is a national asset, the ultimate guarantee without electricity, internet, or permission. In contrast, Bitcoin has matured into a high-beta asset with a degree of institutional authority. It is primarily an asset for traders, profiting from its dramatic two-way volatility. If gold is the traditional safeguard for building family and empire wealth, Bitcoin is a maverick hot asset: elusive, sometimes out of control, yet mysteriously alluring. Whether it can transform into the reserve asset we desire will only be revealed through further stress testing and years of trial and error.</p>
<div class="lb-trans"><p>... 以上观点得到了智能合约之父、CastleIsland Ventures 的联合创始人 Nic Carter 的支持。Nic Carter 认为，这场加密货币熊市不应归因于单一事件，以上提到的 15 个因素中有许多相当棘手。比特币的市值已跌出全球前 10 大资产，目前排名第 14，而以太坊的市值已降至全球第 75。Coinbase 首席执行官：尽管市场波动，仍对长期持乐观态度。Coinbase 首席执行官 Brian Armstrong 表示：“加密市场在过去几天经历了显著的波动。这并不新鲜。加密行业迄今经历了多个市场周期。就个人而言，这并没有改变我的看法——我认为在长期内几乎只能对加密行业保持乐观。它正在以惊人的速度侵蚀和重塑传统金融服务。无论市场状况如何，Coinbase 将继续推进其产品和业务。我们的使命是更新和升级金融系统。” 重要经济动态 Polymarket 预测美联储在 3 月份维持利率不变的概率已上升至 84%。根据 Polymarket 的数据，“美联储在 3 月份维持利率不变的概率已上升至 84%，而 25 个基点降息的概率已降至 15%，该预测事件的交易量已达到 75,991,850 美元。” 在人类历史上，黄金始终是商业活动中的核心商品。黄金作为最终价值储存的核心原因在于它没有对手方风险。它是唯一不属于他人负债的资产。其高的存量与流量比确保了稀缺性，使其免受法定货币的任意贬值。然而，最近出现了一种新的货币竞争者。尽管与传统金属不同，比特币等加密货币因其波动性和加密特性被称为 “黄金杀手”。比特币常被称为数字黄金。它能在未来取代黄金吗？如果可以，放弃这种古老资产是否明智？2025 年将结束这一争论：黄金仍然是真正的货币，而比特币仍然是一种风险资产。尽管历史波动性极高，比特币的下跌尚未达到需要谨慎的程度，但整个生态系统已遭受重大损失。黄金重申了其千年不变的 “货币之王” 地位。它是一种国家资产，是在没有电力、互联网或许可的情况下的最终保障。相比之下，比特币已成熟为一种高贝塔资产，具有一定的机构权威。它主要是交易者的资产，从其剧烈的双向波动中获利。如果黄金是传统的家庭和帝国财富的保障，那么比特币则是一种特立独行的热门资产：难以捉摸，有时失控，却又神秘迷人。它是否能转变为我们所渴望的储备资产，只有通过进一步的压力测试和多年的反复试验才能揭晓。</p>
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BTC falls below $69,000; Ark Invest sells off large amounts of Coinbase stock.

- BTC 当前交易价为 $68,983.9，24 小时跌幅为 3.72%。
- Ark Invest 上周四出售价值超 $19 百万的 Coinbase 股票。
- 南非央行行长警告稳定币风险，呼吁央行维护货币统一。

比特币跌破 69,000 美元；Ark Invest 大量出售 Coinbase 股票