Encrypted Breakfast | February 2nd 1. Spot gold began its decline during the European session, plunging as much as 12% to around $4,680, marking its largest single-day drop since 1983, with a daily range of nearly $770, erasing all gains for the week. Spot silver also plummeted as much as 35% to around $73, its largest single-day drop on record, and a weekly decline of over 17%. This morning, gold opened $90 lower, and silver opened 4.5% lower. 2. The money market is betting that the Federal Reserve will cut interest rates more than twice this year, each time by 25 basis points. 3. Pay close attention to Friday, January 6th, when the unemployment rate and non-farm payroll data will be released at 21:30. 4. Over $2.5 billion in crypto market liquidations: Long positions dominate, with a single Ethereum liquidation reaching $220 million. 5. CrossCurve bridge hacked: fake messages cause $3 million in cross-chain losses. 6. Step Finance vault robbed of $27 million: Solana DeFi platform STEP token collapses by 80%. 7. MicroStrategy's Bitcoin holdings turn to losses: Saylor's strategy faces challenges due to the price crash. 8. Jupiter integrates with Polymarket: Users can directly access the prediction market through the app. 9. Virtuals launches Openclaw+ACP: enhancing AI and social Fi capabilities. 10. Binance vs OKX "10.10 flash crash" controversy: CZ denies profiting, Star Xu accuses Binance of being irresponsible. 11. 2026-02-02 20:00: ZAMA tokens are listed on Binance trading. 12. BTC OG Insider: A whale deposited over 100,000 ETH into Binance in the past 24 hours. [Bitcoin Market Analysis] Bitcoin falls below $76,000: The market suffered a sharp decline due to the Fed's nomination and geopolitical risks. Total market capitalization shrank by 6%. US Bitcoin spot ETFs saw net outflows of over $1.6 billion in January. Bitcoin has fallen below $80,000, and the continued decline over the weekend is quite unusual. There will likely be another drop after the US stock market opens tonight. Overall, the macroeconomic forecast for Q1 is not very optimistic. A real trend rebound is expected to occur in June, so there will be good opportunities to get on board during this period. Currently, there are no market signals for Bitcoin on the 4-hour chart. Coupled with the decline and adjustment in gold, it is highly likely that it will fall below 70,000. This could happen in an instant or it could take a month. In short, the current market sentiment is very panicked, but I firmly believe it will get better because I have already seen the scenario of a future bull market, which is the emergence of Agents. The explosive popularity of OpenClaw has already shown this prototype. By configuring a wallet for AgWnt, one can find various opportunities to make money. In other words, the main force of future trading will be Agents, not humans. [Risk Warning] Digital assets are highly volatile and carry extremely high risks. Please participate with caution, never go all in, and never use leveraged loans.