Day: February 5, 2026

Ether has dropped below $2,000, underperforming other major cryptocurrencies as selling accelerates from leveraged traders, onchain liquidations and long-term holders. 

Liu’s remarks come as cryptocurrencies plunge and other industry leaders are narrowing their own visions for blockchain utility. 

Larger rival Sberbank beat Sovcombank to the punch, but it’s still running as a pilot program. 

Ahead of the fourth-quarter earnings report tonight, shares are down another 13% as bitcoin falls back to $68,000. 

Anchorage Digital is the firm issuing Tether’s USAT stablecoin, designed for the U.S. market. 

Crypto liquidations crossed $1 billion over the past 24 hours, wiping out about $980 million million in bullish leveraged bets 

“This drawdown feels horrible not because of the magnitude, but because it’s unfair,” said longtime bitcoin maxi Samson Mow. 

Sui (SUI) joined Ripple (XRP) as an underperformer, falling 9.5% since Wednesday.