Feb 4 Wednesday
The Ethereum founder transferred 16,384 ETH to a multi-signature address five days ago before initiating sales. These transactions align with a multi-year donation plan announced 30 days ago to support open-source, secure, and verifiable software and hardware systems.
The BSC ecosystem token BORT experienced a sharp price increase, briefly reaching a market capitalization exceeding $7 million before retracing to approximately $4.9 million. BORT is built on the BNB Chain's BAP-578 mainnet and defines a composable on-chain AI Agent standard, enabling agents to operate as autonomous entities with cross-platform functionality.
The new standard provides developers with unified interfaces and tools for building decentralized applications. It aims to reduce development complexity and accelerate project deployment on the blockchain network.
The BNB Chain developer team has launched the BAP mechanism to enable developers to establish application-layer standards for NFT utility and AI agent behavior without affecting the consensus layer. The BAP-578 standard introduces Non-Fungible Agents as AI-driven on-chain assets capable of autonomous operation, transaction execution, and cross-dApp functionality.
Data from Coinglass reveals the current funding rate for Bitcoin across major exchanges. Binance shows a rate of 0.0001%, OKX at 0.0033%, Bybit at 0.0003%, and Gate at 0.0017%.
The non-tradable bAXS token will be introduced with 1:1 backing by AXS to reduce inflation and reward genuine players. Users must stake at least 10 AXS by February 5 at 00:01 UTC to qualify for the first airdrop from a 100,000 bAXS reward pool.
The proposal aims to streamline Aave V3's multichain strategy by freezing deployments on zkSync, Metis, and Soneium. Future deployments would require a minimum annual revenue guarantee of $2 million from target chains to align costs, risks, and returns.
Ethereum dropped to $2,110 before recovering to $2,340, while the total cryptocurrency market capitalization fell 3.3% to $2.648 trillion. Major altcoins including SOL, ZAMA, and EUL experienced significant declines, and crypto-related stocks such as BitGo Holdings and Coinbase also dropped alongside broader U.S. market indices.
The migration involves a hard fork scheduled at block height 45528550, which will update the testnet chain ID to 202601. Following the mainnet migration to Ethereum, the mainnet chain ID will remain unchanged.
Bitcoin's price dropped to a 14-month low before sharply rebounding, resulting in significant market liquidations. An analyst warned that failure to recover could lead to challenging market conditions ahead.
Negative funding rates typically signal buying opportunities for cryptocurrency traders, but recent US earnings volatility may reduce the indicator's reliability for Ethereum investors. Market conditions are creating uncertainty about the traditional interpretation of this metric.
According to CME's FedWatch tool, the probability of the Federal Reserve maintaining current interest rates in March is 91.1%, with only an 8.9% chance of a 25 basis point cut. Looking ahead to April, there is a 22.5% probability of a cumulative 25 basis point reduction, while by June, the likelihood of a 25 basis point cut rises to 46%.
The Cronos cryptocurrency has experienced an 11% price increase as leveraged trading positions rise across exchanges. Market analysts are monitoring whether this growth reflects sustainable demand or speculative activity.
The total open interest for Ethereum contracts across all exchanges currently stands at $26.93 billion. Binance holds $6.456 billion in open interest, while OKX and Bybit maintain $1.602 billion and $1.978 billion respectively.
The enforcement action targets wagers on sports event contracts offered by the cryptocurrency exchange. This legal action follows Coinbase's announcement about launching prediction markets across all 50 US states.
The BNB token is testing crucial support at approximately $730 amid substantial supply pressure. Market analysts are monitoring whether this level can withstand selling pressure as traders assess the cryptocurrency's technical indicators.
The Nasdaq-listed insurance brokerage announced an unnamed investor will contribute Bitcoin as part of the arrangement. The deal also establishes a strategic partnership focused on artificial intelligence and cryptocurrency initiatives.
The new platform will offer event-outcome contracts with leveraged and margin trading capabilities. It utilizes Crypto.com's existing exchange and clearing infrastructure that is registered with the Commodity Futures Trading Commission.
The investigation focuses on cryptocurrency platforms rather than individual wallets for their role in facilitating sanctions evasion. TRM Labs' Ari Redbord provided details about the Treasury Department's scrutiny of these exchanges.
Bitcoin's decline coincided with increased futures liquidations and concerns about U.S. corporate earnings triggering broader market selling. An analyst noted that Bitcoin's price movement during this period should not be considered unusual market behavior.
The decline was attributed to risk-off positioning and significant derivatives speculation. Futures trading volume increased while spot trading activity decreased.
The wallet addresses linked to Trend Research and a BTC OG insider whale deposited 310,000 ETH worth approximately $651 million to Binance over the past three days. The funds were used specifically for loan repayment purposes according to monitoring data.
The ZEC token experienced a significant price decline, dropping below the key $300 technical support level. Market analysts are monitoring whether this breach could lead to further downward movement in the coming trading sessions.
XRP experienced a significant drop as Bitcoin breached a crucial support level, contributing to a broader cryptocurrency market decline. The downturn affected both major cryptocurrencies and higher-risk tokens during a widespread risk-off movement.
The daily crypto news coverage provides updates on trends and events affecting various sectors of the digital asset ecosystem. It includes information about Bitcoin price movements, blockchain technology, DeFi protocols, NFT markets, Web3 developments, and cryptocurrency regulations.
A single client of Galaxy Digital sold approximately $9 billion worth of Bitcoin holdings. CEO Mike Novogratz described this transaction as part of a broader profit-taking pattern among early cryptocurrency investors.
Bitcoin fell below $75,000 to trade around $73,304 with a 6.14% decline, while Ethereum dropped below $2,200 to approximately $2,123 with a 7.79% decrease. Total liquidations reached $619.23 million over the past 24 hours, including $506.79 million from long positions and $112.44 million from short positions.
Data from Coinglass indicates that a drop below $70,448 for Bitcoin would result in approximately $332 million in long position liquidations across major centralized exchanges. The analysis highlights significant liquidation thresholds at specific price levels for both short and long positions.
Nasdaq 100 futures experienced a decline that expanded to 2% based on market data from Gate. The drop reflects broader market movements in futures trading.
The company's stock experienced significant downward movement during the trading day. The price decline resulted in a new trading level of $2.20 per share.
Buterin cited slow Layer 2 progress toward Stage 2 decentralization and rapid Layer 1 scaling as reasons for the roadmap shift. He stated that Layer 2 solutions should be viewed as a spectrum allowing users to choose different trust and integration levels.
U.S. stock indices are declining due to significant drops in artificial intelligence-linked stocks, software companies, and private equity investments. This broader market weakness is contributing to cryptocurrency market pressures.
Data from Coinglass shows Binance holds $9.68 billion in Bitcoin contract open interest, while OKX and Bybit maintain $3.06 billion and $4.59 billion respectively. The overall reduction in positions across major exchanges reflects changing market conditions for cryptocurrency derivatives.
The BTYB ETF listed on the NYSE primarily invests in US Treasury securities while employing options strategies to generate weekly income and provide Bitcoin-linked exposure. This structure allows investors to access traditional fixed income assets alongside cryptocurrency market participation through derivative instruments.
Lido continues to experience market demand despite a significant token transfer by BitMEX founder Arthur Hayes. The platform faces ongoing risks related to its staking operations and regulatory environment.
Ethereum co-founder Vitalik Buterin stated that current layer-2 solutions have made slower progress toward decentralization than expected. He noted that Ethereum is now scaling directly on its base layer, making some existing roadmaps less relevant.
Numerai has released its monthly update covering multiple platform developments. The company detailed progress on Numercon, agent capabilities, staking mechanisms, risk management features, and a $1 million NMR token buyback program.
Market analysts have identified specific technical indicators that must show positive signals before an altcoin season can be confirmed. These indicators include Bitcoin dominance levels and altcoin market capitalization ratios relative to Bitcoin.
Pantera Capital CEO Dan Morehead stated that Bitcoin will 'massively' outperform gold over the next ten years during a panel discussion at the Ondo Summit in New York. Fundstrat Global Advisors Managing Partner Tom Lee noted that cryptocurrency is becoming increasingly integrated into daily life.
Bitcoin faced resistance at the $80,000 level while gold aimed to reclaim the $5,000 price point. Analysis indicates the cryptocurrency downturn period began in January 2025.
Data from Coinglass indicates that if Bitcoin falls below $75,000, long position liquidations on major centralized exchanges could reach $498 million in intensity. Conversely, if Bitcoin surpasses $79,000, short position liquidations could reach $637 million in intensity, with liquidation charts measuring the relative impact of price movements rather than exact contract values.
The whale, identified by address 0x5d2f4, has placed limit buy orders to purchase 100 BTC if the price drops to $64,967 and 200 BTC if it falls to $59,138. This entity previously entered a 20x leveraged short position on 499.91 BTC at $111,499.3 and has since reduced it to 109.91 BTC, currently showing a floating profit of $3.686 million and having earned $10.0011 million from funding rate settlements.
Fundstrat Co-founder Tom Lee stated that Bitcoin and Ethereum have shown strong network fundamentals despite recent price volatility due to safe-haven flows into precious metals and Washington policy uncertainty. The publicly traded company BitMine Immersion Technologies, where Lee serves as Chairman, recently purchased an additional 41,788 Ethereum tokens, bringing its total holdings to over 4.28 million tokens representing approximately 3.5% of Ethereum's circulating supply.
The whale address 0x4f76 deposited 4 million USDC to purchase HYPE tokens after a two-month interval. This address currently holds 591,470 HYPE tokens and has an additional 2.43 million USDC being deployed for further purchases.
The platform is designed to operate within onchain credit systems, collateralized loans, and DeFi markets. It aims to provide financial services through blockchain technology.
Vitalik Buterin stated that L1 no longer requires L2 as brand shards, and L2 cannot or will not meet the required attributes. He suggested L2 should identify value propositions beyond scaling, such as privacy, application-specific efficiency, and extreme scalability.
Analyst Kendrick Geoffrey reduced his 2026 price target for Solana from $310 to $250. He believes stablecoin micropayments could drive long-term growth as the cryptocurrency expands beyond memecoin applications.
The OG app provides regulated sports event contracts along with financial, political, and cultural event markets. Cryptocom plans to introduce margin trading features, which would make it the first prediction market platform to offer this capability.
Crypto.com announced the launch of its dedicated prediction market platform OG several days before the Super Bowl. The company's co-founder and CEO Kris Marszalek stated that event contract business has grown 40 times week-over-week in the past six months, necessitating this independent product.
The bank reduced its 2026 year-end price target for SOL from $310 to $250 while maintaining a bullish long-term outlook. Standard Chartered's report indicates Solana's decentralized exchange activity is shifting from meme coin trading to SOL-stablecoin pairs, with stablecoin turnover rates two to three times faster than Ethereum.
Silver prices increased by nearly 15% on Tuesday, while gold approached $5,000 per ounce following a 6.5% rise. The cryptocurrency's decline occurred despite a recent recovery attempt in its market value.
Ondo's Global Markets platform enables trading of US stock IPOs on major blockchains from their first day of listing. The Ondo Perps platform allows global non-US users to trade perpetual futures of major US stocks and ETFs with leverage using tokenized securities as collateral.
Ondo Global Markets has confidentially filed a registration statement with the SEC to provide issuer-level disclosures meeting regulatory standards. The platform has integrated SEC-registered transfer agents, broker-dealers, investment advisors, and alternative trading systems to support multiple tokenization models.
Cango Inc. reported holding 7,474.6 Bitcoin at the end of January. The company's CEO stated that severe winter weather in North America temporarily disrupted operations and reduced average hash rate, though favorable network difficulty adjustments partially mitigated these challenges.
Technical charts indicate the recent correction to $100 may represent a buying opportunity for Solana. Traders are monitoring potential recovery patterns that could lead toward the $260 price level.
The product enables brokers, fintech firms, and other intermediaries to access crypto perpetual contracts through a single backend, with options trading planned for Q2 2026. Customer assets are held in audited smart contract vaults on Stellar while Rails operates a centralized matching engine, with settlement data submitted to the blockchain every 30 seconds for independent verification.
The platform integrates market data and trading from leading prediction markets Kalshi and Polymarket into a customizable dashboard. Kairos plans to launch a private beta in the coming weeks and expand its team following the funding round.
The startup accelerator will permit founders in its 2026 spring cohort to receive approximately $500,000 in USDC stablecoins across multiple blockchains including Ethereum and Solana. Y Combinator's crypto visiting partner stated the organization aims to encourage more blockchain-based fundraising ideas through this initiative.
Payward's total transaction volume increased 34% to $2 trillion, while adjusted EBITDA rose 26% to $531 million. Trading services accounted for 47% of revenue, with the remainder coming from non-trading services including custody and payments.
The startup incubator will enable founders to receive its standard $500,000 investment in Circle's USDC stablecoin. Payouts will be supported on Ethereum and Solana blockchains, with potential expansion to additional stablecoins based on demand.
Payward's adjusted EBITDA margin increased to 26%, reaching $531 million, with transaction-based revenue accounting for 47% of its $2.2 billion total. The company, which filed a confidential IPO draft in November, has structured its operations to separate consumer-facing products from infrastructure, comparing this approach to major technology firms.
The integration enables financial institutions to access Canton Network's privacy-focused blockchain for compliant asset tokenization and settlement. Fireblocks provides secure infrastructure for managing digital assets across this regulated distributed ledger environment.
The address associated with Machi Big Brother reduced leveraged long positions in both Ethereum and HYPE tokens. The Ethereum position shows an unrealized loss while the HYPE position shows a gain, resulting in a combined net loss.
The SOL cryptocurrency has experienced a decline in its market value over the past day. Its current trading price stands at $101.48.
The decentralized exchange Hyperliquid has implemented HIP-4 to transition into an 'everything exchange' supporting multiple asset classes. This expansion aims to provide users with a unified platform for trading various financial instruments beyond cryptocurrencies.
Data from Coinglass shows Binance holds $6.36 billion in Ethereum contract positions, while OKX and Bybit maintain $1.78 billion and $1.98 billion respectively. The overall reduction in open interest across major exchanges reflects changing market conditions for Ethereum derivatives.
The financing was led by a global digital asset investor who will inject 15,000 BTC in exchange for company equity. Tianruixiang will establish a global joint innovation laboratory focused on AI-driven cryptocurrency trading systems, blockchain infrastructure, and DApp ecosystems.
The company implemented a multibrand corporate structure to distinguish its consumer offerings from infrastructure services. This organizational change accompanied the significant revenue increase disclosed in the financial report.
The Grayscale CoinDesk Crypto 5 ETF is listed on NYSE Arca under the ticker GDLC. This product, previously known as the Grayscale Digital Large Cap Fund, includes Bitcoin, Ethereum, SOL, and XRP in its portfolio.
The 68th Ethereum All Core Developers Call focused on Fusaka progress, with consensus clients testing higher blob counts and partial cell proofs. Prysm and Lighthouse encountered issues on blob-devnet-0, while Glamsterdam's bals-devnet-2 remains scheduled for February 4 with EIP-7928 requirement, and the Hegota header feature deadline is also February 4.
At market opening, the Dow Jones Industrial Average fell 0.1% while the S&P 500 rose 0.13% and the Nasdaq Composite gained 0.32%. Mining stocks performed strongly with Coeur Mining surging 8.2% and Pan American Silver climbing 6.2%, while PayPal plunged 18% after warning of potential profit decline and announcing a CEO change.
The advisory committee will focus on three core issues through 2026: token classification methods, definitions of intermediaries, and protection of global internet access rights. Committee members include executives from the Avalanche ecosystem and UK House of Lords member Chris Holmes.
Investment firm Bernstein's analysis indicates Robinhood's non-crypto revenue streams provide stability during cryptocurrency market downturns. The report highlights how the company's diversified operations help offset volatility in digital asset trading.
The integration enables financial institutions to custody and settle assets on Canton Network's privacy-focused blockchain infrastructure. This platform is specifically designed for regulated financial market operations.
The Avalanche Policy Coalition has established an advisory council to provide guidance on regulatory matters. The coalition is advocating for the development of global energy standards as cryptocurrency regulations continue to evolve worldwide.