Gate Crypto Flash News and Market Updates

U.S. stocks closed on Tuesday, with the Dow up 0.1%, the S&P 500 down 0.3%, and the Nasdaq down 0.59%. Nvidia, S&P Global, Intel, and Western Digital all declined, while the Nasdaq China Golden Dragon Index rose 0.87%. Alibaba and Dingdong Maicai increased by 2% and 7%, respectively.

The US Dollar Index slightly declined to 96.799 on February 10th, with major currency exchange rates generally weakening. The euro, British pound, Japanese yen, and Canadian dollar all depreciated compared to the previous trading day, while the Swiss franc slightly appreciated.

ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours reached $227 million, with long positions liquidated at $156 million and short positions at $71.47 million. Among these, Bitcoin long positions were liquidated at $57.36 million, Bitcoin short positions at $28.94 million, Ethereum long positions at $49.03 million, and Ethereum short positions at $16.90 million.

ChainCatcher message indicates that at 03:23, 2012.8 BTC (worth approximately $139 million) was transferred from an anonymous address (starting with 3G3J...) to another anonymous address (starting with 3GyP...). Subsequently, this address transferred some BTC (1372.8 coins) to another anonymous address (starting with 3Les...).

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $72,308, the total liquidation strength of long positions on major CEXs will reach $1.117 billion. Conversely, if BTC drops below $65,532, the total liquidation strength of short positions on major CEXs will reach $753 million.

ChainCatcher message, according to Coinglass data, if ETH breaks through $2,103, the total short liquidation strength of mainstream CEXs will reach $679 million. Conversely, if ETH falls below $1,906, the total long liquidation strength of mainstream CEXs will reach $613 million.

Gate News bot message, Bitcoin's hashrate has dropped approximately 20% as mining profitability collapsed. Crashing BTC prices and Winter Storm Fern across 34 U.S. states triggered the largest difficulty adjustment since China's 2021 ban. Many miners shifted operations during this period.

ChainCatcher message indicates that at 02:14, 2.193 million UNI (worth approximately $7.43 million) were transferred from one anonymous address (starting with 0x9c98...) to another anonymous address (starting with 0xf129...).

ChainCatcher message, according to Jinshi reports, Federal Reserve's Logan stated that last year's rate cut was an "insurance" measure to prevent a cooling of the labor market, but it also increased inflation risks.

ChainCatcher news reports that Federal Reserve official Logan stated that inflation has been above the 2% target level for nearly five consecutive years.

ChainCatcher News reports that Federal Reserve's Logan stated that if inflation subsides and the labor market remains stable in the coming months, there will be no need for further interest rate cuts.

ChainCatcher News reports that Federal Reserve's Logan stated that if there is further and substantial cooling in the labor market, interest rate cuts may be appropriate.

ChainCatcher reports that Federal Reserve official Logan stated that he is more concerned about inflation stubbornly remaining high.

ChainCatcher News reports that Federal Reserve's Logan stated that the current policy stance may be very close to a neutral level, with limited dampening effects on the economy.

ChainCatcher News, according to Jinshi reports, Federal Reserve official Logan stated that they are not yet fully confident that inflation will decline to 2% across the board.

Gate News bot message: According to Inner City Press, SafeMoon founder Braden Karony has been sentenced to 100 months in prison.

ChainCatcher News reports that Federal Reserve's Harker stated that achieving a 2% inflation rate is crucial before the next interest rate adjustment.

BlockBeats News, February 11, According to Inner City Press, the Southern District of New York Federal Prosecutor's Office has just received documents from FTX founder SBF requesting a review of cryptocurrency crime cases.

BlockBeats News, February 11 — According to CME "FedWatch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in March is now 21.6%, while the probability of holding rates steady is 78.4%.

ChainCatcher News reports that Federal Reserve official Harker stated that the current Federal Reserve target interest rate is "close" to the neutral level.