DEBUNK(web3 Research)

DEBUNK(web3 Research)

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A 5-Minute Recap of Last Week's Web3 Market

We have compiled the latest market information and major news from the past week.

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mitsui
Feb 01, 2026
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Good morning.
I’m Mitsui, a web3 researcher.

This is a summary article covering the web3 market over the past week. We gather information from over 20 domestic and international media outlets and newsletters, selecting news items from them. Please use this to catch up on information and trends!

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Israel attacks Gaza, cryptocurrency market crashes, $220 billion wiped out; ETH and XRP lead weekend losses

  • Amid thin liquidity over the weekend, ETH and XRP led sharp declines, with the entire cryptocurrency market losing approximately $220 billion.

  • While it remains unclear whether geopolitical risks (Gaza airstrike reports) were the direct cause, cryptocurrency markets reacted as the first to reflect risk-off sentiment.

  • High-leverage positions triggered a chain reaction of liquidations, resulting in approximately $1.1 billion in stop-loss orders being triggered for ETH.

  • While BTC showed relative resilience, altcoins suffered more severe declines due to their weaker liquidity.

MegaETH outlines four KPIs that determine the release schedule for 53% of the MEGA token supply.

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  • Over 53% of the MEGA token supply,Unlocked based on KPI achievement, not timeadopted the design

  • Key performance indicators include four metrics: TVL, decentralization stage of Layer 2, protocol performance, and overall decentralization of Ethereum.

  • A countermeasure to the “low float, high FDV” problem: a structure where supply enters the market based on success

  • If KPIs are not met, tokens will remain locked, leaving room for future governance decisions.

  • Token distributionFrom speculative rewards to behavior-guiding incentivesattempt to shift to

Lido announces the release of Lido V3 on the Ethereum mainnet

  • Lido V3 operates on the Ethereum mainnet,stVaultsintroduced a modular staking platform

  • A new staking design that balances customizability (operating entity, policies, reward structure) and liquidity (stETH)

  • Delivering institutional-grade ETH staking with asset segregation, auditability, and liquidity for institutional investors

  • Node operators can implement differentiated product designs (fees, APR, DeFi integration).

  • The critical evolution of staking from a “single product” to an “infrastructure layer”

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