[2/2] (BlockBeats | mlmonchain | BlockBeats | Odaily) 4. CME FedWatch: The probability of keeping interest rates unchanged in March is approximately 90.1%, and the probability of a cumulative 25bp rate cut by June is approximately 46.0%. CME's "FedWatch" shows that market expectations for near-term rate cuts are weak: the probability of keeping interest rates unchanged in March is approximately 90.1%; the probability of a cumulative 25bp rate cut by June is approximately 46.0%. (TechFlow) 5. Macroeconomic and Credit Indicators: The US Economic Surprise Index rises to 53.5; technology credit pressure increases. The US Economic Surprise Index rose to 53.5 (the highest level since November 2023); at the same time, the distressed technology loan and technology bond distress ratios increased, indicating rising credit pressure. (Kobeissi Letter) ━━ Project Updates ━━ 1. Coinbase Makes a Frenzy: DOOD Spot Listing Launched, Roadmap Updated (RNBW/RAVE/AZTEC/ESP) Coinbase announced that DOOD spot trading will launch on February 5th (trading will open once liquidity and technical conditions are met); it also updated its roadmap, adding Rainbow (RNBW), RaveDAO (RAVE), Aztec (AZTEC), and Espresso (ESP), emphasizing that final launch still depends on market making and infrastructure maturity. (CoinbaseMarkets | CoinbaseMarkets | CoinbaseMarkets | BlockBeats) 2. Ripple Prime Integrates Hyperliquid, Expanding Institutional DeFi Access Ripple's prime brokerage/institutional platform, Ripple Prime, added support for the decentralized exchange Hyperliquid, aiming to enhance institutional capabilities in DeFi trading and risk control (including centralized risk management, cross-margin trading, etc.). (CoinDesk | Decrypt) 3. Vitalik Transfers Approximately $29 Million in ETH: Funding the Ethereum Foundation and Reiterating Calls for Major Network Overhaul Reports indicate that Vitalik Buterin transferred approximately $29 million in ETH to fund the Ethereum Foundation and reiterated his call for a larger-scale network overhaul amid a weakening market. (Decrypt) 4. European Stablecoin Progress: BBVA Joins EU Bank Stablecoin Project Qivalis Spanish bank BBVA has become the 12th member of Qivalis, a project that plans to launch a euro-pegged token this year to compete with the "digital dollar" in payments and settlements. (CoinDesk) ━━ Other ━━ 1. US Bureau of Labor Statistics Adjusts Key Data Release Dates: Non-Farm Payrolls Delayed to February 11, CPI Revised to February 13 The US Bureau of Labor Statistics has adjusted its data schedule: December JOLTS will be released on February 5; the January non-farm payrolls report is postponed to February 11; the January CPI is revised to February 13. (BlockBeats) 2. Geopolitical Risks: US-Iran Nuclear Talks Reportedly Cancelled, Oil Prices Rise to Around $65/Barrel Reports indicate that the US-Iran nuclear talks, originally scheduled for Friday, have been cancelled, driving oil prices up to around $65/barrel. (Kobeissi Letter) 3. US Stocks and Earnings Reports: Nasdaq Falls About 1.5%; Alphabet Raises 2026 Capital Expenditure Guidance US stocks closed with the S&P 500 down about 0.5% and the Nasdaq down about 1.5%. Alphabet raised its 2026 capital expenditure guidance to the range of $175 billion to $185 billion, drawing market attention. (DB | Tradfin) 4. Precious Metals Pullback and Fund Flows: Gold/Silver Plunge, Record Net Outflows from China's Four Largest Gold ETFs Reports indicate a rapid pullback in gold and silver prices; meanwhile, China's four largest gold-backed ETFs experienced a record net outflow of approximately $980 million in a single day. (Kobeissi Letter | BlockBeats)