The South Korean exchange said an internal error during a promotional event 
led to brief price dislocations, stressing that no customer assets were lost.

Bithumb confirms reward payout error after abnormal Bitcoin trades

Coinbase adopts Sui token standard, expanding access for institutions and 
retail as SUI rebounds 14% from recent lows.
The post Sui Network partners with Coinbase as exchange adopts Sui token 
standard appeared first on Crypto Briefing.

Sui Network partners with Coinbase as exchange adopts Sui token standard

On Feb. 6, 2026, bitcoin rebounded 15% from the previous day of just below 
$60,000 to over $71,000, restoring its $1.4 trillion market cap after a sharp 
selloff. Liquidation Engine: The Mechanics of the Rebound On Feb. 6, 2026, 
bitcoin finally halted a harrowing freefall that had effectively neutralized 
the “Trump Bump,” erasing nearly all […]

‘Mathematical Limit’ Reached? BTC Reclaims $71,000 as RSI Hits Oversold Levels

Nvidia CEO Jensen Huang says AI infrastructure spending is sustainable and 
will span 78 years as capex hits $650B in 2026.
The post Nvidia CEO says AI data center spending will last 7–8 years amid 
$650B capex boom appeared first on Crypto Briefing.

Nvidia CEO says AI data center spending will last 7–8 years amid $650B capex boom

Crypto’s latest drawdown hit the majors in size: bitcoin fell about 8.1% over 
the past 24 hours and is down roughly 29.5% over the past 30 days, while Ether 
dropped about 9.4% on the day and about 41.4% over the past month; XRP was off 
about 10.3% in 24 hours and roughly 42.7% over 30 days, and Solana slid about 
12.3% on the day and around 42.8% over the month. While many point to the 
nomination of Kevin Warsh as next US Federal Reserve chair, renowned macro 
analyst Alex Krüger argued on X on Friday that it is the cumulative effect of 
narrative fatigue, weakening marginal demand, and a macro regime wake-up call 
that hit after the market had already started to roll over. What Went Wrong 
For Crypto? Krüger framed the move as a momentum break that turned into a 
seller’s market. In his telling, the “10/10 slaughter” — a nod to the 
sharpness of the unwind, with a pointed aside about whether he’d “get sued” 
for mentioning Binance — was less a mystery than a pileup of factors that 
steadily drained risk appetite and then yanked away the last hope of a 
liquidity tailwind. Related Reading: Bitwise CIO Warns Market Is Facing A 
‘Full-Bore’ Crypto Winter, Not A Pullback He pointed first to the hangover 
from Digital Asset Treasuries (DATs), and then to a reversal in flows tied to 
criminal networks. Krüger said “major flows reversed after the DoJ indictment 
of the Cambodian Prince Group last October,” describing it as a material shift 
in demand that the market may have been underappreciating while price was 
still holding up. What went wrong with crypto 1. 10/10 slaughter (will I get 
sued if I mention Binance?). 2. Digital Asset Treasuries (DATs) hangover. 3. 
Reversed flows from crime syndicates: major flows reversed after the DoJ 
indictment of the Cambodian Prince Group last October. 4. Quantum… — Alex 
Krüger (@krugermacro) February 6, 2026 Two other themes in his post leaned 
explicitly on fear and opportunity cost. Krüger flagged “quantum fears (real)” 
as a psychological overhang, and then argued that the AI boom has become a 
direct competitor for both capital and talent. He said the pivot isn’t subtle: 
“capital pivoting to AI,” “talent pivoting to AI,” and even “miners pivoting 
to AI,” all of which tighten the loop around crypto’s ability to reaccelerate. 
In parallel, he suggested the market’s global bid has narrowed. Krüger cited a 
“perception of Bitcoin as American,” adding that there are “few Chinese 
buyers,” a contrast with the participation he said had been “behind the metals 
uptrend in large numbers.” He also described a structural shift in who “owns” 
the trade. “The Swamp &amp; Institutions taking over,” he wrote, arguing the 
market has moved from “Cypherpunk/Rebel tech to ETF tech.” In his framing, 
crypto used to be “for misfits &amp; geniuses,” but now “it’s a line item in a 
401k” — a change that, in his view, crowds out the volatility-driven momentum 
that historically pulled in OGs and retail. Other pressure points were more 
familiar: political risk around Trump association (“what happens once 
Democrats are back?”), “minimal innovation (since Hyperliquid),” and the 
brutal reflexivity of the Solana memecoin cycle — “Solana casino massacre 
(thank Pump Fun &amp; the Memecoin Supercycle).” He paired that with a supply 
critique: “There are 29.91 million cryptocurrencies tracked by CoinMarketCap,” 
he wrote, warning that “almost every coin in the top 200 is grossly 
overvalued” alongside “never ending” launches that “pump then dump to oblivion 
where only insiders profit.” He even declared the “dead digital gold 
narrative” as another drag on marginal buyers. Related Reading: Crypto Isn’t 
Broken, It’s A US Liquidity Squeeze, Says Raoul Pal The mechanical result, 
Krüger said, was straightforward: “sellers dumping more aggressively than 
usual on every pump,” while “buyers not showing up to buy the dips as much any 
longer.” Then came what he framed as the macro trigger that hardened the 
selloff. “And then came the Warsh nomination (beating Hassett and Rieder), and 
the market suddenly became deeply aware that Warsh is a strong advocate of a 
small balance sheet: goodbye Quantitative Easing (QE) and Yield Curve Control 
(YCC) dreams, hello Quantitative Tightening (QT) fears. That is what 
happened.” Krüger stressed he was describing the past, not forecasting the 
next move, arguing the damage has already been done. Still, he noted that 
“volume, liquidations, implied volatility and options skew indicate that a 
local bottom is likely in.” In replies, the conversation turned toward what 
crypto might still be for in an AI-led cycle. A user said the rotation “makes 
sense,” but argued the bigger upside is in “agent stacks” that could 
eventually “manage crypto liquidity,” positioning crypto rails as 
infrastructure for machine-to-machine value transfer. Krüger largely agreed on 
the asymmetry. “I don’t know. I was hoping momentum. Momentum can do magic,” 
he wrote. “I’m very concerned about points #3 and #4. Saylor just started a 
new initiative on #4, maybe that helps. Reality is crypto can’t compete with 
AI. It’s impossible. But it could be used by AI. That’s high quality hopium 
right there. Agent-to-Agent payments would be better served on crypto rails.” 
At press time, BTC traded at $66,029. Featured image created with DALL.E, 
chart from TradingView.com

Cryptocurrency price in ZAR