Binance WOTD answers for February 6 are out, themed AI Innovation. Words range from 3-letter TAO to 8-letter ANALYSIS. Correct guesses earn BNB rewards from a 500,000 BNB prize pool.
Huobi HTX will host a themed livestream at 20:00 today, according to an official announcement. The session is titled around whether Bitcoin’s macro narrative can still hold up, against a backdrop that includes the end of a ceasefire, oil prices breaking above 75, and STRATEGY selling coins at a loss for the first time. Crypto KOLs including Huabai Blockchain, Zhencheng Xiaodaoshi, Crypto.0824, and OxPink are set to join the discussion. Topics will cover renewed tension in the Middle East, strong gains in international oil prices, expectations around Federal Reserve policy, BTC’s market outlook, crypto asset allocation opportunities, and risk management strategies. The event is framed as a multi-angle market discussion intended to give investors additional trading reference points.
In an exclusive interview with The Block, Binance founder Changpeng Zhao (CZ) revealed inside details of his $500 million investment in Elon Musk's acquisition of X (formerly Twitter), the political backstory behind Greece blocking Binance's MiCA license, and his firsthand account of prison life. CZ admitted his past philosophy of 'ask for forgiveness, not permission' and that if he could do it again, he would block all US users from the start. He reaffirmed crypto as the future of money, predicting Bitcoin could reach $1 million by 2033, and disclosed that his most-used AI is the free version of Kimi, simply because his paid quota ran out. CZ also discussed the $2 million he donated to Prison Professor, a charity helping ex-inmates, his views on AI improving crypto security, and his thoughts on CEA, Aster, and STRATEGY's complex financial products. The interview covers CZ's evolving role from a workaholic founder to an industry enabler, focusing on user protection, long-term thinking, and global regulatory dynamics.
The Bitcoin Historian @pete_rizzo_ posted that Blockstream CEO Adam Back defended Michael Saylor and Strategy live on Bloomberg, arguing that FUD around MSTR and STRC is baseless and that Strategy is not going to zero.
The Bitcoin Historian posted on X that Blockstream CEO Adam Back responded on Bloomberg to criticism involving Michael Saylor, Strategy, MSTR and STRC, arguing that the FUD around MSTR and STRC is baseless and that Strategy is not going to zero.
Before testing potential price support levels, the Bitcoin sell-off has already distinguished between determined and forced sell-offs. Geoffrey Kendrick, Head of Global Digital Asset Research at Standard Chartered Bank, pointed out that Strategy (NASDAQ: MSTR) sold 32 Bitcoins at a time when Bitcoin (BTC) was already under pressure, intensifying the weakness in the cryptocurrency market this week and confirming the market's criticism of the corporate Bitcoin reserve model. Standard Chartered is not focused on this sell-off, but on the possible market reaction. Strategy sold 704 Bitcoins on December 22, 2022, for tax optimization, and bought another 810 Bitcoins two days later, setting a clear precedent for the bank to anticipate a new round of Bitcoin hoarding following this sell-off.
Bitcoin plunged 19% over 7 days, reaching $59,100 This round of declines continues the previous heavy sell-off, causing Bitcoin to fall 19.3% in seven days, 22.2% in the past two weeks, and 26.8% in the past month. Over the past year, prices have dropped by 42.3%. The current trading range of $59,000 to $60,000 has pushed Bitcoin's price well below the $71,000 level seen just four days ago (June 1).
