News

BlockBeats news, on February 4, the Saigon testnet of the Ronin chain will migrate to the Ethereum mainnet this Thursday, marking Ronin's return to Ethereum and its upgrade to Layer 2. The hard fork is scheduled to take place at block height 45528550 (February 5, 2026, 23:58:55 UTC), at which time the testnet chain ID will also be updated to 202601. After the mainnet migrates to Ethereum, the mainnet chain ID will remain unchanged.

According to a report by Bijie Network: Top analysts have differing views on the recent trends in cryptocurrencies. Tom Lee from Fundstrat believes the market may rebound, noting that the market bottom trend is consistent, with a target price of $77,000 for bitcoin and $2,400 for ethereum. In contrast, Alex Thorn from Galaxy and Aurelie Barthere from Nansen predict further price declines. Thorn points out that bitcoin's price could fall to the 200-week moving average near $50,000. Barthere emphasizes the macroeconomic risks posed by potential policy changes from the Federal Reserve. Despite the pessimistic outlook, on-chain data shows that some large holders are increasing their positions at current price levels.

Galaxy Digital CEO Mike Novogratz stated that he does not believe quantum computing will pose a significant long-term threat to bitcoin, noting that the network can adapt through quantum-resistant code.