1. Popular cryptocurrencies on CEXs
Top 10 CEX trading volumes and their 24-hour price changes:
- BTC: -3.75%
- ETH: -4.52%
- SOL: -5.57%
- BNB: -2.35%
- ZAMA: +0.14%
- SENT: -6.91%
- DOGE: -2.78%
- TRX: -1.22%
- Binance Life: -7.2%
- IDEX: +0.92%
- ATM: -3.74%
24-hour gainers list (data source: OKX):
- SNT: +11.11%
- RAY: +10.08%
- DOOD: +5.9%
- G: +5.73%
- WCT: +4.58%
- IOTA: +4.42%
- RPL: +4.39%
- DGB: +4.12%
- OMI: +4.08%
- LIT: +4.05%
24-hour cryptocurrency stock gainers list (data source: msx.com ):
- LITE: +10.66%
- LLY: +10.09%
- SIVR: +6.88%
- FIG: +5.61%
- WU: +4.79%
- SQQQ: +3.83%
- PFE: +3.49%
- ADBE: +3.13%
- SLB: +3.09%
- OXY: +2.85%
2. Popular on-chain memes (data source: GMGN ):
- DJT
- HAPPINESS
- SAD
- ET
- TP
Headlines
According to journalist Eleanor Terrett, a Democratic staffer described the meeting as having a "positive" atmosphere, calling it "the most productive Democratic meeting to date." Chuck Schumer, who also attended, emphasized the importance of industry involvement and called for maintaining momentum in the legislation and expediting its passage.
Although there are still clear demands within the Democratic Party for certain provisions, participants generally believe that this legislative effort, which was once considered "on the verge of being shelved" a few weeks ago, is "far from over" and still has a chance of progress.
CME Bitcoin futures saw a significant price gap during the weekend closure, providing some optimism for market bulls. Data shows that CME Bitcoin futures closed at approximately $84,445 on Friday, but opened at $77,385 when trading resumed on Sunday night, corresponding to a previous drop in the spot market to around $75,000, thus creating a clear gap.
Note: A CME gap refers to a price discontinuity between the closing price and the next opening price in the futures market. Because CME futures are not traded 24/7, price jumps occur during weekends or maintenance shutdowns due to the mismatch between the gap and continuous trading in the spot market. Historical experience shows that although CME gaps are not absolute and usually fill within days or weeks, this phenomenon is still considered an important technical indicator by traders.
The probability of the Federal Reserve keeping interest rates unchanged in March is 90.1%.
According to CME's "FedWatch": The probability of the Federal Reserve cutting interest rates by 25 basis points by March is 9.9%, and the probability of keeping rates unchanged is 90.1%. The probability of a cumulative 25 basis point rate cut by the Fed by April is 23.2%, the probability of keeping rates unchanged is 75.1%, and the probability of a cumulative 50 basis point rate cut is 1.6%. The probability of a cumulative 25 basis point rate cut by June is 46.0%.
US Republican senators urge Treasury to buy Bitcoin
According to Odaily Odaily, some Republican lawmakers are urging the U.S. Treasury to buy Bitcoin. Senator Cynthia Lummis has reportedly suggested to Treasury Secretary Bessant that the U.S. gold reserves be used to purchase Bitcoin. She had previously raised this idea with Bessant last year and indicated that she would support taking action within the scope of existing executive authority.
Industry News
Alex Thorn, head of research at Galaxy Digital, said that a Galaxy client's recent sale of approximately $9 billion worth of Bitcoin was not due to concerns about "quantum computing risks".
He pointed out that although Galaxy Digital founder and CEO Mike Novogratz had mentioned that some in the market viewed quantum computing as one of the explanations for the weakening price of Bitcoin, Novogratz himself did not agree with this statement.
CME Group CEO: Exploring the launch of its own cryptocurrency token, "CME Coin"
Terry Duffy, CEO of Wall Street derivatives giant CME Group, said the company is exploring the possibility of launching its own crypto token.
In response to analyst questions during the latest earnings call, Terry Duffy stated that CME is evaluating various forms of margin and collateral solutions, including tokenized cash and "proprietary tokens that may be launched on decentralized networks for use by industry participants." He pointed out that tokens from systemically important financial institutions are more reassuring as margin or settlement instruments compared to tokens issued by small and medium-sized financial institutions.
It is understood that CME is currently collaborating with Google on a tokenized cash solution, planned for launch later this year, with transactions to be completed through a custodian bank. The "proprietary token" mentioned here is considered a separate exploration; whether it will be a stablecoin or a settlement token is unclear, and CME has not provided further details.
If this plan is ultimately implemented, it will be the first time CME has explicitly proposed issuing its own assets on a decentralized network. Previously, among traditional financial institutions, JPMorgan has launched a tokenized deposit program through JPM Coin. CME also stated that its crypto derivatives business is still expanding, with plans to achieve 24/7 trading of crypto futures in the second quarter of this year.
According to crypto analyst Yu Jin, since the afternoon of February 1st, Trend Research has reduced its holdings of approximately 188,500 ETH over the past four days at an average price of approximately $2,263, involving approximately $426 million. It has also repaid approximately 385 million USDT to reduce its leverage level.
Following its continued deleveraging, the liquidation price for multiple ETH lending positions has shifted to the $1576–$1682 range, primarily concentrated around $1640. Trend Research currently holds approximately 463,000 ETH.
Nick Tomaino, founder of 1confirmation, posted on the X platform that Polymarket's monthly visits are steadily increasing, while Robinhood and Coinbase's monthly visits are declining.
According to Onchain Lens monitoring, BitMEX co-founder Arthur Hayes (0x6cd...e21) transferred 3.63 million ENA (worth $486,000) to Galaxy and 332,000 PENDLE (worth $487,000) to Binance. In the past two days, Arthur Hayes bought 96,116 HYPE, worth $3.42 million, and currently holds 161,271 HYPE, worth $5.78 million.
Project News
Polymarket's cumulative nominal trading volume surpasses $50 billion.
According to Dune data, Polymarket's cumulative nominal trading volume has surpassed $50 billion, currently reported at $50.346 billion.
Ripple Prime integrates with Hyperliquid to extend institutional derivatives trading access.
Ripple announced the integration of Hyperliquid into its Ripple Prime platform, marking the first time the platform directly supports a decentralized finance (DeFi) trading venue. This integration allows Ripple Prime users to access Hyperliquid's on-chain derivatives markets while managing existing asset exposures. These exposures include not only centralized crypto exchage but also traditional markets such as forex and fixed income. It is understood that transactions on Hyperliquid will still be exclusively traded through Ripple Prime, bridging clients and trading venues with unified risk and margin management, eliminating the need for separate position management on each platform.
Investment and Financing
Online trading giant IG Group has completed its acquisition of cryptocurrency trading platform Independent Reserve, a deal approved by the Monetary Authority of Singapore. The acquisition, which could be announced as early as September 2025, marks IG Group's significant expansion into the digital asset space.
Independent Reserve will be integrated into the IG Group while maintaining the stability and compliance of its existing services. IG plans to leverage Independent Reserve's crypto technology and operational experience to launch crypto trading products for the local markets of Singapore, Australia, and the UAE in the second half of 2026.
IG Group stated that the acquisition will help it expand its compliant digital asset services in a market where regulations are becoming clearer; Independent Reserve believes that leveraging IG's resources and regional network will accelerate the internationalization of its crypto products.
Digital asset market infrastructure provider Prometheum raises an additional $23 million in funding.
Prometheum, a provider of digital asset market infrastructure, has announced the completion of an additional $23 million in funding. Investors include a number of high-net-worth investors and institutions, whose specific names have not yet been disclosed. The new funds will be used to introduce digital asset products, including cryptocurrencies, tokenized assets, and on-chain securities, into the mainstream financial market.
Matador Signs Equity Distribution Agreement to Raise $30 Million to Increase Bitcoin Holdings
Bitcoin treasury company Matador Technologies announced that it has signed an equity distribution agreement with ATB Cormark Capital Markets to raise $30 million through the issuance of common stock. The aim is to support its strategic Bitcoin accumulation, with a target of holding 1,000 Bitcoins by the end of 2026. The common stock will be sold to the public from time to time through an agent, at the company's discretion, and at the market price at the time of sale. All transactions will be subject to the terms and conditions of the equity distribution agreement.
Odaily Odaily reports that prediction market Opinion has announced the completion of a $20 million Series A funding round, with participation from Hack VC, Jump Crypto, Primitive Ventures, and Decasonic. Its trading scope has expanded to include macroeconomics, pre-coin offering events, culture, and cryptocurrencies, covering data from CPI to other metrics. Data shows that the company currently handles approximately one-third of the global prediction market trading volume, with open interest exceeding $130 million.
Regulatory Trends
The U.S. SEC has sued three institutions, accusing them of manipulating the cryptocurrency market.
According to a notice from the U.S. Securities and Exchange Commission (SEC), the SEC has filed lawsuits against three entities: ZM Quant Investment, Gotbit Consulting (Gotbit Hedge Fund), and CLS Global FZC, accusing them of impersonating "market makers" and manipulating various cryptocurrency markets through methods such as wash trading, thereby misleading retail investors.
The SEC alleges that the aforementioned entities and nine individuals used algorithms to execute wash trades, creating false trading volume and liquidity to induce investors to buy related assets under false signals. The case has been filed in the U.S. District Court for the Southern District of Massachusetts, where the SEC is seeking a permanent injunction, restitution for unjust enrichment, civil penalties, and a ban on their appointment as executive officers.
The investigation also involves an FBI-led enforcement operation targeting fraudulent tokens to uncover related manipulation tactics. The SEC stated that it will continue to strengthen its regulatory enforcement against fraud and manipulation in the cryptocurrency market.
U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig announced on Wednesday that the CFTC has formally withdrawn its 2024 draft regulation on "event-based contracts" and repealed a related guidance issued during the Biden administration. The draft originally aimed to prohibit contracts predicting the outcomes of political events, equating them with contracts related to war, terrorism, and other events "against the public interest."
Selig stated that the 2024 proposal reflects the previous administration's "overreach in value-judgment regulation," and the CFTC will push forward a new set of more consistent and rational rules based on the Commodity Exchange Act (CEA) to support responsible innovation in the derivatives market and in line with the original intent of Congress's legislation.
This policy adjustment sends a clearer regulatory signal to the prediction market. Previously, the CFTC lost its lawsuit against Kalshi and was forced to allow political prediction contracts to be listed. With the new administration in power, institutions including Coinbase and Cboe have begun actively developing prediction market-related businesses. This withdrawal of the old regulations is seen as a significant turning point in the direction of US prediction market regulation.
Character voices
Bitcoin fell below $74,000 in early US trading, weighed down by weakness in tech stocks. The Nasdaq 100 index fell 1%, and the iShares Expanded Tech-Software ETF (IGV) has fallen 17% over the past week due to market concerns about the disruptive impact of AI. Shares of crypto mining companies related to AI infrastructure development also declined, with Cipher Mining (CIFR), IREN, and Hut 8 (HUT) all falling by more than 10%. This decline stemmed from chipmaker AMD's 2026 earnings outlook falling short of analysts' expectations, causing its stock price to drop 14%.
Eric Balchunas, a senior ETF analyst at Bloomberg, wrote on the X platform that despite the 40% drop in Bitcoin's price, resulting in paper losses for many investors, only about 6% of assets in Bitcoin ETFs actually flowed out, with 94% remaining in their positions. In contrast, veteran Bitcoin investors (OGs) might behave differently in similar market conditions, indicating a new generation of ETF investors is more committed to long-term holding strategies.
In addition, gold also experienced a sell-off, with prices falling from a high of $5,113 per ounce to below $5,000. On the economic data front, the US ISM Services PMI for January was 53.8, indicating continued expansion in the service sector. However, according to the ADP report, private sector job growth slowed, adding only 22,000 jobs. Quinn Thompson, Chief Information Officer of Lekker Capital, stated that manufacturing, professional and business services, and large employers all showed signs of employment weakness, and believes the market is underestimating the scale of stimulus measures the Federal Reserve may introduce in 2026.
Analysis shows that Bitcoin's 14-day Relative Strength Index (RSI) has never reached its historical overbought zone during 2025 and since the end of 2024. This relationship between price and RSI suggests that the previous Bitcoin cycle high may have occurred in November 2024, after which the market entered a bear market phase, which also means that the bear market may have lasted for more than a year.
A survey released by the digital asset conference CfC St. Moritz shows that crypto investors and executives are shifting their investment focus from decentralized finance (DeFi) to core infrastructure development. Based on responses from 242 attendees at an invitation-only event in January, including institutional investors, founders, executives, regulators, and family office representatives, the survey results show that 85% of respondents listed infrastructure as their top investment priority, surpassing DeFi, compliance, cybersecurity, and user experience.
Liquidity shortages are considered the most pressing risk in the industry, with market depth and settlement capabilities being key bottlenecks limiting large-scale institutional capital inflows. While most respondents held positive expectations for revenue growth and innovation in 2026, the anticipated level of radical innovation was lower than last year, indicating that investors are more focused on practical implementation rather than speculative innovation. Regarding industry trends, capital is flowing more towards core infrastructure such as custody, clearing, stablecoin infrastructure, and tokenization frameworks, while consumer-facing application development is relatively neglected. The survey shows that approximately 84% of respondents believe the macroeconomic environment is generally favorable for crypto development, but the existing market infrastructure is still insufficient to support large-scale capital inflows. Overall, institutional investors are shifting their strategic focus from high-risk applications to building the infrastructure for the long-term sustainable development of the crypto market.
