Hyperliquid’s HYPE token rallied even as Bitcoin, Ethereum, and Solana stayed in the red after a February push into tokenized silver boosted platform activity. The token also weathered a $300 million unlock during 2–8 February while new HIP-3 tools and a Kraken listing helped absorb supply. Continued rollout of outcome-based trading on HyperCore aims to keep the momentum.

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.

Over the past week, Bitcoin moved toward $78K while Ethereum weakened, according to AMBCrypto. Select altcoins diverged: Hyperliquid rallied from the low $20s to test $32-$34, Canton advanced about 29%, and Stable spiked to $0.026 before easing to $0.023. Meanwhile, Solana fell ~15% and WLFI dropped ~26%.

Bitcoin slid to roughly $78,000 after cascading liquidations stripped $1.3 billion from leveraged positions within 12 hours. Bull Theory said the turbulence was part of a $12 trillion cross-asset drawdown that also dragged metals and U.S. equities lower.

Polkadot's native smart contracts hub went live via a major runtime upgrade that also set a fixed 2.1 billion DOT supply and outlined lower long-term inflation. While the upgrade aims to speed up transactions and simplify development, DOT traded near $1.87 with muted price action, neutral RSI, modest inflows, and largely steady open interest.

Strategy disclosed last week that it bought 2,932 Bitcoin for about $264.1 million at an average price of $90,061 per BTC, lifting its total holdings to 712,647 BTC, or 3.2% of Bitcoin's 21 million supply. The firm's Bitcoin, accumulated at an average cost of roughly $76,037 per coin, represents about $54.2 billion in total spend and is now valued near $62.5 billion, extending its lead over other publicly listed BTC treasuries.

Bitcoin fell about 6.5% this week, with price action remaining orderly rather than cascading, as traders waited for clearer signals. Reports that the New York Fed checked rates with major banks amid yen weakness — the first such concern in over a decade — kept macro risks in view.

Pump.fun introduced the Pump Fund, a $3 million program aimed at financing early‑stage teams based on public traction, starting with a build‑in‑public hackathon. Over the past week, platform fee revenue climbed to an estimated $7.6 million and the 30‑day total rose to $24.8 million, while the PUMP token stalled in a consolidation phase.

The combined stablecoin market cap has climbed to a record $307.7 billion, while tokenized funds and other RWAs are also at all-time highs. At the same time, Bitcoin's market cap has dropped faster than stablecoin supply, driving the Stablecoin Supply Ratio sharply lower and signaling unusually large sidelined buying power. This pattern has historically appeared near local market bottoms, with on-chain liquidity waiting for clearer risk conditions before rotating back into volatile assets.