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Glonghui, February 9th｜Deutsche Bank: Raised Eli Lilly (LLY.US) target price from $1,200 to $1,285.

PANews, February 9 – According to the latest crypto weekly report released by a certain exchange, since the beginning of February, global macro uncertainty has continued to intensify. Divergences remain regarding expectations for the rate cut path, the pace of balance sheet reduction, and the coordination of fiscal and monetary policies. Several key macroeconomic data will be released intensively this week, becoming important variables for short-term market pricing. Against this backdrop, the overall crypto market has been under pressure, with bitcoin and ethereum dropping 8.6% and 7.9% respectively over the week. Related ETFs have seen historic net outflows, and market sentiment remains in the "extreme fear" range. Meanwhile, gold and risk assets have fluctuated in tandem, reflecting continued caution in overall financial market risk appetite. At the industry level, structural progress continues. Polymarket and Circle announced a partnership, migrating their settlement system to native USDC, further strengthening the application of compliant stablecoins in on-chain scenarios. In terms of investment and financing, a total of 12 financing deals were completed last week, with funds mainly flowing into the infrastructure sector. Among them, Tether made a strategic investment of $100 million in Anchorage Digital, further expanding its compliant crypto infrastructure layout; TRM Labs completed a $70 million financing round, continuing to expand its crypto intelligence and compliance capabilities. Overall, short-term market volatility pressures persist, but capital and industry development are gradually focusing on defensive attributes and long-term structural opportunities.

Bitcoin continues its recent downward trend, stabilizing below $70,000. Derivatives data shows a clear risk-averse sentiment in the market, including a decline in futures open interest, negative funding rates, an increase in short positions, and rising implied volatility, indicating strong demand for short-term downside protection. In addition, the new token RNBW from crypto wallet Rainbow has dropped about 75% from its ICO price due to distribution delays and infrastructure issues.