Address 0x880a…, known as "the 20M swing trader," trimmed 155.17 ETH from its long position on Feb. 4, reducing the marked value to $1,096,500, Hyperinsight data show. The remaining position shows a floating gain of about $9,600, or 10.51%, with an average entry price that rose from $2,257.91 to $2,259.63. Since October, the address has deployed roughly $20 million in principal and realized nearly $100 million in profit through high-frequency swing trades across multiple tokens, maintaining an average holding period of about 20 hours, according to Hyperinsight.

Binance Alpha will list Warden Protocol (WARD) on Feb. 4, according to an official announcement. Eligible users can claim an airdrop using their Alpha Points on the Alpha page once trading begins. Further details on the listing and airdrop will be disclosed later, the notice stated.

Ethereum co-founder Vitalik Buterin has said that his earlier vision of layer-2 networks acting as separate, branded shards of Ethereum "no longer makes sense" as the base layer continues to scale, and that layer-2 projects should instead focus on offering distinct functionality while remaining closely interoperable with Ethereum, according to Cointelegraph. He linked the shift in strategy to recent improvements in Ethereum’s layer-1 scalability, which have reduced the need for layer-2 networks to serve solely as throughput solutions, the report said.

Three cryptocurrency wallets that had been inactive for about four years purchased a total of 5,970 ETH at an average price of $2,195, spending approximately $13.1 million, about eight hours ago, according to on-chain data reported by blockchain analytics platform Lookonchain.

Trend Research sold 153,500 ETH at an average price of $2,294, totaling $352 million, between February 1 and the present, according to data from EmberCN. Concurrently, the firm repaid 266 million USDT on February 4, a strategic move aimed at reducing its overall leverage. Despite these actions, EmberCN data indicates that Trend Research currently holds 498,000 ETH, valued at $1.11 billion, with a cost basis of $3,180. The firm has incurred total losses of $605 million, comprising $136 million realized and $469 million unrealized, while still maintaining $743 million in leveraged borrowing. Their ETH borrowing positions show liquidation prices ranging from $1,685 to $1,855.

On February 4, a significant cryptocurrency whale, identified by on-chain analytics as "BTC OG Insider," executed substantial transactions involving Ethereum. Over a seven-hour period, this entity transferred a total of 35,000 ETH, valued at approximately $78.31 million, to the Binance exchange. Concurrently, the whale repaid $82.39 million in outstanding loans. A portion of these funds, specifically 15,000 ETH worth $33.35 million, was explicitly deposited to Binance for loan repayment purposes, according to data from Onchain Lens, as reported by BlockBeats. These movements highlight notable activity within the crypto market, indicative of strategic asset management by large holders.

Ethereum co-founder Vitalik Buterin sold 1,441 ETH worth $3.297 million over the past two days, OnchainLens data show. BlockBeats reports he moved 16,384 ETH from a personal address to a multisig five days earlier and began selling on Feb. 3. The transactions align with a multi-year donation plan he announced on Jan. 30 to support open-source, secure and verifiable software and hardware full-stack systems.

Axie Infinity announced on Feb. 4 it will introduce the non-transferable token bAXS, backed 1:1 by AXS and designed to reduce inflationary rewards for genuine players. The game will conduct two rounds of bAXS airdrops based on users' Axie scores and AXS staked, with participants required to stake at least 10 AXS before 00:01 UTC on Feb. 5 to qualify for the first round's 100,000 bAXS pool. HTX data show AXS climbed from about $1 at the start of the year to $1.62, with an intraday high of $2.99.

Ronin's Saigon testnet is scheduled to migrate to the Ethereum mainnet on Thursday, Feb. 5, 2026, marking Ronin's return to Ethereum and its upgrade to a Layer 2 network, BlockBeats reports. The hard fork is planned at block height 45528550 at 23:58:55 UTC, when the Saigon testnet chain ID will change to 202601. Ronin's mainnet chain ID will remain unchanged after the migration.