Bitcoin’s price saw sharp swings between 5-6 February, with a 14.3% drop followed by a 12.2% rebound, while key volatility gauges moved higher. Large holders sent around 12,000 BTC to Binance on 06 February, with multiple days above 5,000 BTC inflows as the price slid from $95,000 toward $60,000 and then hovered near $67,800 under its 20-day MA.

Citi completed an internal tokenization proof-of-concept on Solana with PwC, according to X. Token Terminal reports the network handles about 3x more daily transactions than Ethereum, while DeFiLlama shows $6.36 billion TVL and roughly $3.72 billion DEX volume. Despite the activity, SoSoValue noted $8.89 million weekly SOL ETF inflows alongside a 11% price decline and total assets near $673.99 million.

This week, Coinbase introduced Agentic Wallets, a new infrastructure that lets AI agents autonomously hold, spend, earn, and trade cryptocurrencies while using Coinbase's security and compliance tools. Over the same period, more than 13,000 AI agents registered on Ethereum after the ERC-8004 standard went live, and Lightning Labs detailed tools for AI payments over the Bitcoin Lightning Network alongside gains in several AI-linked tokens.

The tokenized commodities market has climbed past $6 billion in value in 2026, driven largely by gold-backed assets on Ethereum. XAUT now holds a $3.6 billion market cap and PAXG has reached $2.3 billion, while versions on other chains continue to grow more slowly. Ethereum remains the primary network for these tokens, as investors seek on-chain exposure to physical gold without handling storage or intermediaries.

Bitcoin’s recent weakness coincides with negative inflows over the past 30 days, with roughly $2.6 billion exiting and a realized profit-to-loss ratio near 0.25. Peak fear often aligns with short-term bottoms, but any rebound would hinge on selling pressure easing and buyer support returning.

Coinbase’s Base app will discontinue Creator Rewards on Feb 18 and wind down its Farcaster social feed to concentrate on trading. Base-linked DEXs handled $15.2B over the past 30 days and the network has accrued $190.6M in fees, suggesting a native Base token may be unnecessary for growth.

Vitalik Buterin envisions Ethereum as core infrastructure for decentralized AI, focusing on user protection, privacy, and verifiable machine behavior. However, ETH has dropped to yearly lows while Solana has surpassed it in January DEX volumes, putting pressure on Ethereum to convert its long-term roadmap into visible growth.

Hyperliquid’s perpetuals market logged $3.76 billion in trading volume, $4.05 billion in open interest, and $122.96 million in liquidations, pointing to heavy leveraged positioning under volatile conditions. In contrast, Aster and Lighter reported multi-billion dollar volumes but only $7.2 million and $3.34 million in liquidations respectively, suggesting that much of their activity may be driven by incentives or internal flows rather than genuine risk-taking.

Ethereum’s monthly active addresses have reached an all-time high of 15.19 million, while derivatives funding rates and leverage on platforms like BitMEX and Binance are rising. ETH is trading in a $2,000-$2,200 range with easing selling pressure, but elevated long positioning may increase the risk of pullbacks if spot demand does not strengthen.