24H Popular Cryptocurrencies and News|The Democratic Party of the U.S. Senate held a closed-door meeting that released positive signals, and there is still hope for the advancement of cryptocurrency legislation; the Chicago Mercantile Exchange's Bitcoin futures showed a significant gap, which the market views as a potential rebound signal (February 5).

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5 hours ago

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Headlines

U.S. Senate Democrats' Closed-Door Meeting Sends Positive Signals, Hope for Crypto Legislation Progress Remains

According to reporter Eleanor Terrett, a Democratic staffer stated that the atmosphere of the relevant meeting held today was "positive," calling it "the most productive Democratic meeting so far." Chuck Schumer also attended the meeting, emphasizing the importance of industry participation and calling for momentum in legislative progress to expedite the passage of the bill.

Although there are still clear demands for certain provisions within the Democratic Party, attendees generally believe that this legislative effort, which was once seen as "on the verge of being shelved" a few weeks ago, is "far from over," and there is still potential for progress.

CME Bitcoin Futures Show Significant Gap, Market Sees It as a Potential Rebound Signal

CME Bitcoin futures experienced a significant price gap during the weekend market closure, providing some optimistic expectations for market bulls. Data shows that the CME Bitcoin futures price closed at approximately $84,445 on Friday, while the opening price when trading resumed on Sunday night dropped to $77,385, corresponding to the spot market, which had previously dipped to around $75,000, thus creating a significant gap.

Note: The CME gap refers to the price discontinuity between the futures market's closing price and the next opening price. Since CME futures do not trade 24/7, price jumps occur during weekends or maintenance periods when trading does not match the spot market. Historical experience shows that while CME gaps are not absolute rules and are usually filled within days or weeks, this phenomenon is still regarded by traders as an important technical reference indicator.

Probability of Fed Keeping Rates Unchanged in March at 90.1%

According to CME's "FedWatch": The probability of the Federal Reserve cutting rates by 25 basis points by March is 9.9%, while the probability of keeping rates unchanged is 90.1%. The probability of a cumulative 25 basis point cut by April is 23.2%, with a 75.1% chance of maintaining rates. The probability of a cumulative 50 basis point cut is 1.6%. By June, the probability of a cumulative 25 basis point cut is 46.0%.

U.S. Republican Senators Urge Treasury to Buy Bitcoin

Odaily Planet Daily reports that some Republican lawmakers are urging the U.S. Treasury to purchase Bitcoin. Senator Cynthia Lummis has reportedly suggested that Treasury Secretary Yellen use U.S. gold reserves to buy Bitcoin. She proposed this idea to Yellen last year and expressed support for actions within the existing executive authority.

Industry News

Galaxy Digital: Client's Sale of Approximately $9 Billion in Bitcoin Not Due to "Quantum Computing Risk"

Galaxy Digital's research director Alex Thorn stated that a client of Galaxy recently sold approximately $9 billion in Bitcoin, not due to concerns over "quantum computing risk."

He pointed out that although Galaxy Digital founder and CEO Mike Novogratz mentioned that some market views consider quantum computing as one of the explanations for Bitcoin's price weakness, Novogratz himself does not agree with this statement.

CME Group CEO: Exploring Launch of Own Cryptocurrency "CME Coin"

CME Group CEO Terry Duffy stated that the company is exploring the possibility of launching its own cryptocurrency.

In a recent earnings call, Terry Duffy responded to an analyst's question, stating that CME is evaluating various forms of margin and collateral solutions, including tokenized cash, as well as "potentially launching a proprietary token for industry participants on a decentralized network." He noted that tokens from systemically important financial institutions would be more reassuring as collateral or settlement tools compared to those issued by smaller financial institutions.

It is reported that CME is currently collaborating with Google to advance a tokenized cash solution, which is planned to be launched later this year, with transactions completed through a custodian bank. The mentioned "proprietary token" is seen as another independent exploration, and it is not yet clear whether it will be a stablecoin or a settlement token, with CME not providing further clarification.

If the plan is ultimately realized, it will be CME's first explicit proposal to issue its own assets on a decentralized network. Previously, among traditional financial institutions, JPMorgan has launched a tokenized deposit solution through JPM Coin. CME also stated that its cryptocurrency derivatives business is still expanding, with plans to achieve 24/7 trading of cryptocurrency futures in the second quarter of this year.

Trend Research's Liquidation Price Drops to Around $1,640, 188,500 ETH Liquidated in the Last Four Days

According to crypto analyst Yu Jin, since the afternoon of February 1, Trend Research has liquidated approximately 188,500 ETH at an average price of about $2,263 over the past four days, involving an amount of approximately $426 million, and has repaid about $385 million in USDT to reduce leverage levels.

After continuously reducing leverage, the liquidation price of several ETH lending positions has dropped to the range of $1,576–$1,682, mainly concentrated around $1,640. Currently, Trend Research still holds approximately 463,000 ETH.

1confirmation Founder: Polymarket Website Monthly Visits Continue to Rise, Robinhood and Coinbase Visits Decline

1confirmation founder Nick Tomaino posted on X platform that the monthly visits to the Polymarket website are continuously rising, while the monthly visits to Robinhood and Coinbase websites are showing a declining trend.

Arthur Hayes Transfers Approximately $1 Million in ENA and PENDLE to Galaxy and Binance, While Increasing HYPE Holdings

According to Onchain Lens monitoring, BitMEX co-founder Arthur Hayes (0x6cd…e21) transferred 3.63 million ENA (worth $486,000) and 332,000 PENDLE (worth $487,000) to Galaxy and Binance. In the past two days, BitMEX co-founder Arthur Hayes bought 96,116 HYPE, worth $3.42 million, and currently holds 161,271 HYPE, worth $5.78 million.

Project News

Polymarket Cumulative Nominal Trading Volume Exceeds $50 Billion

According to Dune data, Polymarket's cumulative nominal trading volume has exceeded $50 billion, currently reported at $50.346 billion.

Ripple Prime Integrates Hyperliquid to Expand Institutional Derivatives Trading Access

Ripple announced the integration of Hyperliquid into its Ripple Prime platform, marking the platform's first direct support for decentralized finance (DeFi) trading venues. This integration allows Ripple Prime users to access the Hyperliquid on-chain derivatives market while managing existing asset exposures, which include not only centralized crypto exchanges but also traditional markets such as foreign exchange and fixed income. It is reported that trades on Hyperliquid will still be handled by Ripple Prime as the sole counterparty, bridging the gap between clients and trading venues to achieve unified risk and margin management without the need to manage positions separately across platforms.

Investment and Financing

IG Group Completes Acquisition of Independent Reserve, Advancing Crypto Business Expansion in APAC and the Middle East

Online trading giant IG Group has completed the acquisition of the crypto trading platform Independent Reserve, a deal that has received approval from the Monetary Authority of Singapore. This acquisition was first announced in September 2025, marking IG Group's formal commitment to the digital asset space.

Independent Reserve will be integrated into the IG Group system while maintaining stable and compliant operations of its existing services. IG plans to leverage Independent Reserve's crypto technology and operational experience to launch crypto trading products tailored to local markets in Singapore, Australia, and the UAE in the second half of 2026.

IG Group stated that this acquisition will help expand its compliant digital asset services in a market where regulations are becoming clearer; Independent Reserve believes that with IG's resources and regional network, it will accelerate the internationalization of its crypto products.

Digital Asset Market Infrastructure Provider Prometheum Completes $23 Million Additional Financing

Digital asset market infrastructure provider Prometheum has disclosed that it has completed an additional $23 million in financing, with investors including a group of high-net-worth individuals and institutions, whose names have not yet been disclosed. The new funds will be used to bring digital asset products, including cryptocurrencies, tokenized assets, and on-chain securities, into mainstream financial markets.

Matador Signs Equity Distribution Agreement to Raise $30 Million for Bitcoin Accumulation

Bitcoin treasury company Matador Technologies announced that it has signed an equity distribution agreement with ATB Cormark Capital Markets, planning to raise $30 million through the issuance of common stock to support its strategic Bitcoin accumulation, aiming to hold 1,000 Bitcoins by the end of 2026. The related common stock will be sold to the public from time to time through agents at the company's discretion and at market prices at the time of sale, with all transactions adhering to the terms and conditions of the equity distribution agreement.

Prediction Market Opinion Completes $20 Million Series A Financing, with Participation from Hack VC and Others

Odaily Planet Daily reports that prediction market Opinion has announced the completion of $20 million in Series A financing, with participation from Hack VC, Jump Crypto, Primitive Ventures, Decasonic, and others. Its trading scope has expanded to include macroeconomic events, pre-token issuance events, culture, and cryptocurrencies, covering data such as CPI. The company currently handles about one-third of the global prediction market trading volume, with open contracts exceeding $130 million.

Regulatory Trends

U.S. SEC Sues Three Institutions for Manipulating Crypto Asset Markets

According to a statement from the U.S. Securities and Exchange Commission (SEC), the SEC has filed a lawsuit against three institutions: ZM Quant Investment, Gotbit Consulting (Gotbit Hedge Fund), and CLS Global FZC, accusing them of impersonating "market makers" and manipulating various crypto asset markets through wash trading and other means, misleading retail investors.

The SEC pointed out that these institutions and nine related individuals executed wash trades through algorithms, creating a false appearance of trading volume and liquidity, enticing investors to buy related assets based on misleading signals. The case has been submitted to the federal court in Massachusetts, where the SEC is seeking a permanent injunction, restitution of unjust enrichment, civil penalties, and bans on executive positions.

The investigation also involves a fake token enforcement action created by the FBI to reveal related manipulation techniques. The SEC stated that it will continue to strengthen regulatory enforcement against fraud and manipulation in the crypto asset market.

U.S. CFTC Withdraws Ban Proposal on Political Event Contracts, Signaling Shift in Prediction Market Regulation

Mike Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced on Wednesday the formal withdrawal of the "event contract" regulatory proposal put forth in 2024 and the repeal of a related guidance issued during the Biden administration. The proposal originally aimed to ban prediction contracts based on political event outcomes, equating them with contracts related to wars, terrorism, and other "against public interest" matters.

Selig stated that the 2024 proposal reflected the previous administration's "overreach in value-judgment regulation," and the CFTC will reintroduce a new set of rules based on the Commodity Exchange Act (CEA) that is more consistent and rational, supporting responsible innovation in the derivatives market and aligning with the legislative intent of Congress.

This policy adjustment releases clearer regulatory signals for prediction markets. Previously, the CFTC lost a lawsuit against Kalshi, forcing it to allow political prediction contracts to launch. With the new administration in place, institutions including Coinbase and Cboe have also begun actively laying out prediction market-related businesses. The withdrawal of the old regulations is seen as a significant turning point in the direction of U.S. prediction market regulation.

Voices

Analysis: Bitcoin Falls to $74,000, AI Stock Pressure Drags Down Crypto Market

Affected by weak tech stocks, Bitcoin fell below $74,000 during the early trading hours in the U.S. The Nasdaq 100 index dropped by 1%, as concerns grew that AI could have disruptive effects, with the iShares Expanded Tech-Software ETF (IGV) declining by 17% over the past week. Crypto mining stocks related to AI infrastructure development also saw declines, with Cipher Mining (CIFR), IREN, and Hut 8 (HUT) all dropping over 10%. This decline stemmed from chip manufacturer AMD's 2026 earnings outlook falling short of analyst expectations, leading to a 14% drop in its stock price.

Bloomberg Analyst: Bitcoin ETF Investors Hold Firm, Actual Outflow of Assets Only About 6%

Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that despite Bitcoin's price experiencing a 40% drop, leading many investors to incur paper losses, only about 6% of assets in Bitcoin ETFs have actually flowed out, with 94% still holding their positions. In contrast, the behavior of long-time Bitcoin investors (OGs) may differ under similar market conditions, indicating that this trend shows a new generation of ETF investors is more committed to long-term holding strategies.

Additionally, gold also faced selling pressure, with prices retreating from a high of $5,113 per ounce to below $5,000. In terms of economic data, the U.S. January ISM Services PMI was at 53.8, indicating continued expansion in the services sector. However, according to the ADP report, private sector job growth slowed, with only 22,000 jobs added. Quinn Thompson, Chief Information Officer of Lekker Capital, noted that there is a trend of job weakness in manufacturing, professional and business services, and large employers, and believes the market is underestimating the scale of stimulus measures that the Federal Reserve may introduce in 2026.

Analysis: Bitcoin Has Not Been "Overbought" Since the End of 2024, Bear Market May Have Lasted Over a Year

Analysis shows that Bitcoin's 14-day Relative Strength Index (RSI) during 2025 and since the end of 2024 has never reached the historical overbought range. This relationship between price and RSI suggests that the last Bitcoin cycle peak may have occurred in November 2024, with subsequent market trends entering a bear market phase, indicating that the bear market may have lasted over a year.

Analysis: Crypto Investor Survey Shows Capital Preference Shifting Towards Infrastructure, DeFi Investment Second

A survey released by the digital asset conference CfC St. Moritz shows that crypto investors and executives are shifting their funding focus from decentralized finance (DeFi) to core infrastructure development. The survey was based on responses from 242 participants at an invitation-only event in January, covering institutional investors, founders, executives, regulators, and family office representatives. The results indicate that 85% of respondents prioritize infrastructure as their primary investment focus, surpassing DeFi, compliance, cybersecurity, and user experience.

Liquidity shortages are seen as the most pressing risk in the industry, with market depth and settlement capacity being key bottlenecks limiting large-scale institutional capital entry. Although most respondents hold a positive outlook on revenue growth and innovation for 2026, the reduction in aggressive innovation compared to last year's expectations indicates that investors are more focused on practical execution rather than speculative innovation. In terms of industry trends, capital is increasingly flowing towards core facilities such as custody, clearing, stablecoin infrastructure, and tokenization frameworks, while consumer-facing application development is relatively neglected. The survey shows that about 84% of respondents believe the macro environment is generally favorable for crypto development, but the existing market infrastructure is still insufficient to support large-scale capital entry. Overall, institutional investors are shifting their strategic focus from high-risk applications to the foundational infrastructure for the long-term sustainable development of the crypto market.

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