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Cointime News Wrapup-Afternoon Version: Polygon Launches Decentralized ID Product Powered by ZK Proofs
To smooth and facilitate the reading experience for all users, we hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
Liquid Capital founder Yi Lihua stated in an article that first, he acknowledges that the market cycle is still valid. With the US stock market holding strong and the new phase of DAT/ETF, the consensus in the crypto circle has not been broken, coupled with the market being easily manipulated. But on the other hand, thinking in reverse, entering a bear market in the crypto space is also the best time to lay out plans, just like in the last cycle when we benefited from positioning during the bear market. The future is bright, still optimistic about the next bull market opportunity in the industry, will continue to work hard building, pessimists are correct, optimists win.
according to Lookonchain monitoring, Trend Research sold another 20,770 ETH (approximately 43.57 million USD) in the past 20 minutes, currently holding only 10,303 ETH (approximately 21.5 million USD).
market shows BTC breaking through $69,000, currently at $69,039, with a 24-hour increase of 3.96%. The market is highly volatile, please manage your risk accordingly.
according to on-chain analyst Ai Yi (@ai_9684xtpa), the "BTC OG insider whale" has deposited 69.08 million USDT into a Binance deposit address associated with Yili Hua. In the past 11 hours, a total of 10,000 ETH and 69.08 million USDT have been transferred in, with a total value of 89.47 million USD.
the market shows BTC falling below $69,000, currently at $68,957.16, with a 24-hour increase of 5.84%. The market is highly volatile, please manage your risk accordingly.
the market shows ETH breaking through $2000, currently at $2000.7, with a 24-hour decline of 3.93%. The market is highly volatile, please manage your risk accordingly.
the market shows BTC breaking through $68,000, currently at $68,000.01, with a 24-hour decline of 3.33%. The market is highly volatile, please manage your risk accordingly.
the market shows BTC breaking through $67,000, currently at $67,006.7, with a 24-hour decline of 3.83%. The market is highly volatile, please manage risk accordingly.
According to CoinTime, COINMY has been confirmed as the title sponsor of “The Silent Rise” summit, taking place in Hong Kong on February 9. COINMY (CMY) is a globally compliant digital asset exchange focused on bridging traditional payment systems with the crypto ecosystem, with an emphasis on transparency, security, and efficient global trading infrastructure. “The Silent Rise” is a themed summit co-hosted by RWAX, METASTONE, ChainTimes, and other ecosystem partners, with sponsorship support from CoinMy, Nexus Chain, and several more Web3 projects. The event will be held from 14:00 to 22:00 on February 9 at the 28th floor of Crowne Plaza Hong Kong Causeway Bay, and is positioned as one of the most anticipated side events during Consensus Hong Kong 2026. The summit will feature multiple roundtable discussions covering key themes such as AI, Real-World Assets (RWA), and next-generation financial systems. The summit brings more than 20 prominent speakers to explore emerging trends, system design, and the evolving architecture of Web3.
On February 6, Cardano founder Charles Hoskinson revealed in a live broadcast that despite losing more than 3 billion US dollars in the crypto field, he still chooses to stay in the industry rather than quit. In response to external comments that he can afford the losses because he is wealthy, he said: "If you think I am in this business for the money, you are completely wrong — even if I lose everything, I will not stop."
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