With Bitcoin in the $70K band, rising electricity costs are squeezing mining margins and pushing several rigs toward shutdown or break-even, according to Antpool. CryptoQuant data shows miners moved about 175,000 BTC to Binance in January, with single-day transfers nearing 10,000 BTC. Tether's MiningOS aims to reduce operational friction for both small and large mining setups.

On February 3 2026, Ethereum cofounder Vitalik Buterin used X to revisit the role of Ethereum's layer-2 networks, arguing that the original vision for L2s no longer fits current conditions. He pointed to the slow and difficult progress of L2s toward stage 2 and interoperability, alongside a scaling L1 with low fees and planned gas limit increases, and proposed that L2s reposition as a spectrum of options that add value beyond basic scaling.

On February 3, 2026, Super Micro Computer reported second-quarter revenue of $12.68 billion, beating the $10.42 billion consensus; GAAP diluted EPS was $0.60 and non-GAAP EPS was $0.69. Net income stood at $400.6 million, and gross margin slipped to 6.3%. The company guided at least $12.3 billion for Q3 revenue and projected fiscal 2026 sales of at least $40.0 billion.

Crypto analyst Gert van Lagen says Bitcoin's bullish market structure remains intact if price stays above $74,400. In a recently shared two-week chart on X, he labels the decline as Wave IV and maps a Wave V impulse, with potential targets at $260,000–$320,000 and a final extension toward $400,000.

In a CNBC interview, Fundstrat's Tom Lee argued that conditions were aligning for a crypto market bottom after Bitcoin fell from $90K to $75K and then recovered to $78K. However, Galaxy's Alex Thorn and Nansen's Aurelie Barthere warned that macro risks and weak catalysts could still push BTC toward its 200-week moving average near $50K.

Ether fell 28% in a week to $2,110 as risk-off sentiment in US markets and a drop in leveraged positions hit the asset. At the same time, ETH perpetual futures funding turned negative, spot ETFs saw $447 million in outflows over five days, and decentralized exchange volumes on Ethereum dropped 47%, signaling softer demand despite some viewing negative funding as a potential entry point.

On February 2, 2026, analyst Trader Tardigrade highlighted that Dogecoin's weekly Price Momentum Oscillator has again fallen to levels that previously preceded rallies of 21,000% between 2015 and 2018 and 800% from 2022 to 2024. Dogecoin is also trading within a year-long falling wedge, with indicators like RSI and MACD suggesting a potential bottom, while traders watch resistance near $0.115, $0.28 and $0.48 ahead of a possible move toward $0.75. Elon Musk's renewed comments about sending DOGE to the "literal moon" are adding a familiar social backdrop, and some investors are also eyeing the Bitcoin Hyper presale, which has raised almost $31 million for a Solana-inspired Bitcoin Layer-2.

On Feb 3, 2026, a guide introduced the Wei Name Service (WNS), a minimal Ethereum naming experiment. It provides human-readable .wei addresses via a single NFT contract and IPFS frontends, with pricing from 0.0005 ETH per year for five-character names to 0.5 ETH per year for one-character registrations.