Odaily Planet Daily reports that Bitcoin experienced its biggest weekly drop in three years last week. February 5th was an unexpected day for crypto market investors: Bitcoin fell 13% that day, marking its largest single-day drop since June 2022, and briefly dipped below $61,000 in the early hours of February 6th. In this sharp correction, veteran crypto investor Yi Lihua sold off 400,000 ETH within a week, incurring a loss of $700 million, becoming the number one "whale" mercilessly hunted down in this crash. However, some funds that bought on the dip have already begun to act. One Hong Kong-based fund started buying on February 6th, the specific scale of which is currently unknown. Some more optimistic people believe that this winter may end sooner than usual. Currently, apart from Yi Lihua, no other top billionaires or leading companies have collapsed or fallen into crisis, and no institutions have been accused of violations. Such situations have repeatedly triggered crises of investor confidence during past market crashes. (Tencent Finance "Deep Dive")

According to Gate data, spot silver surged 5.00% intraday, currently trading at $81.72 per ounce. New York silver futures jumped 6.00% intraday, currently trading at $81.52 per ounce.

Odaily Planet Daily reports that U.S. Treasury Secretary Scott Bessent has suggested holding hearings for Kevin Warsh's nomination as Federal Reserve Chair concurrently with the investigation into current Chair Jerome Powell. Republican Senator Thom Tillis previously stated his intention to delay the selection process for the next Fed Chair until the Justice Department's investigation into Powell concludes. While Tillis supports Kevin Warsh's nomination, as a member of the Senate Banking Committee, he has repeatedly stated his intention to block the nomination until the Justice Department uncovers the truth to uphold the Fed's independence.

According to Scam Sniffer, a single victim lost $12.2 million in January due to copying the wrong address in their transaction history. Combined with a similar attack in December that resulted in 500,000 US dollars, the two victims suffered a combined loss exceeding $62 million. Address poisoning attacks involve attackers sending small amounts of tokens from seemingly similar addresses to trick users into copying the wrong address. Furthermore, signature phishing attacks stole $6.27 million in January, a 207% increase month-over-month. Analysts believe that the Ethereum Fusaka upgrade lowered transaction costs, leading to an increase in the frequency of such attacks. Coin Metrics data shows that stablecoin-related dust transactions currently account for approximately 11% of Ethereum's daily total transactions. Whitestream stated that DAI, due to its protocol governance's lack of cooperation with authorities in freezing addresses, has become the preferred storage method for illicit activities. (Cointelegraph)