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- 🐻 The Bears are in Control (New Kirin)
🐻 The Bears are in Control (New Kirin)
ALSO: JPMorgan spreads BTC hopium 🙏
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🧠 Today’s DYOR:
• Bitcoin price plunges toward $60,000
• JPMorgan says Bitcoin could reach $266,000 'long term'
• Aster layer-1 blockchain testnet goes live
• The bull case for $2Z
Let’s dive in.
📈 Market Indicator
👀 Trending
🔴 Bitcoin price plunges toward $60,000 as $1 billion in liquidations hit in 24 hours
Bitcoin plunged toward $60,000 after breaking key support, marking a nearly 50% drawdown from its October 2025 all-time high above $126,000. Over $1 billion in leveraged positions were liquidated in 24 hours, intensifying the selloff as long bets were wiped out. The crash spilled into crypto stocks and ETFs, with volatility signaling a sharply bearish shift in market structure.
JPMorgan says bitcoin could reach $266,000 over the long term as it becomes more attractive than gold on a volatility-adjusted basis. Analysts note this target is unrealistic in the near term, with BTC under pressure from weak sentiment and broader risk-off markets. Still, they see strong upside once conditions normalize and bitcoin reasserts its role as a hedge.
💻 Aster layer-1 blockchain testnet goes live, mainnet rollout targeted for Q1
Aster has launched its layer-1 blockchain testnet, with a mainnet rollout targeted for Q1 2026 as it builds its perp DEX ecosystem. The move follows its 2025 rebrand and positions Aster against rivals like Hyperliquid with a custom high-throughput chain. Perp DEX volume nearly tripled in 2025, highlighting strong demand for onchain derivatives.
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🌍 Industry News
BlackRock’s spot bitcoin ETF posts $10B daily volume record as BTC records major intra-day decline [Read more]
Strategy posts $12.6B Q4 loss as bitcoin slide triggers one of largest quarterly hits in corporate history [Read more]
Tether deepens metals exposure with $150M investment in Gold.com [Read more]
Sen. Mark Warner says he’s in ‘crypto hell’ as Senate works to revive stalled market structure bill [Read more]
ETH treasury co. ETHZilla to tokenize a portfolio of 95 home loans yielding 10.36% annually [Read more]
Gemini exits UK, EU and Australia, cuts 25% of staff as exchange refocuses on US [Read more]
EU tokenization companies push for DLT pilot changes amid US momentum [Read more]
🚀 Projects
Loan backed by 2.3% of AAVE supply hit by cascading liquidations as token slides [Read more]
Liquidity layer Multiliquid, Metalayer launch instant redemption backstop for RWAs on Solana [Read more]
Trump-linked WLFI faces probe over $500M UAE crypto deal [Read more]
Stablecoin protocol Cap airdrops $12M in stablecoins to early users [Read more]
BNB price hits 7-month low despite 1 million new addresses [Read more]
EVM L1 Berachain to unlock 30% of circulating supply on February 6 [Read more]
🔥 Trending Tokens
$HYPE (+24%): Hyperliquid destroys the bears with Coinbase listing [Read more]
$XTZ (-19%): Tezos drops despite Bitnomial listing [Read more]
$RNBW (-67%): Rainbow wallet sinks as airdrop recipients take profit [Read more]
$LDO (-31%): Lido Finance plummets alongside the Ethereum crash [Read more]
$WLFI (-29%): WLFI sinks with ongoing probe [Read more]
* % increase shown are changes over the past week
🌙 Daily Pick
$2Z: DoubleZero is a high-performance global network of independently contributed links, purpose-built for blockchain and other distributed systems.
X: @doublezero
CA: J6pQQ3FAcJQeWPPGppWRb4nM8jU3wLyYbRrLh7feMfvd
Current Price: $0.09077
FDV: $907M
Bullish Outlook: The bull case for 2Z rests on rare regulatory clarity and growing real-world adoption. A 2025 SEC no-action letter significantly reduces U.S. regulatory risk, while Grayscale’s inclusion of 2Z on its watchlist signals rising institutional interest. On the fundamentals side, DoubleZero is already powering a meaningful share of Solana validators, positioning it as critical infrastructure for network performance. If validator adoption continues to scale, rising utility demand could help offset token inflation and support long-term value.
*Disclaimer: This content is for informational purposes only and should not be considered financial advice; always do your own research before making any investment decisions.
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