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Crypto markets slid deeper into risk-off territory as Bitcoin fell below $64,000, erasing post-election gains and pushing sentiment into extreme fear, with XRP leading the selloff. Elsewhere, Axie Infinity rolled out a new bAXS token airdrop to reward its community, AI-driven disruption weighed on software stocks following Anthropic’s latest push, and Gemini moved to exit Europe and Australia as it refocuses on the U.S. and prediction markets.
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News Roundup
Artificial Intelligence
Anthropic Takes Super Bowl Swipe at ChatGPT’s Move Toward Ads (Decrypt)
Black Pearl Compute Draws $13B Demand in $2B Junk Bond Sale (The Block)
Anthropic’s AI Push Triggers Software Stock Selloff and Valuation Fears (Decrypt)
UNICEF Urges Governments to Criminalize AI-Generated Child Abuse Content (Decrypt)
OpenAI Launches Frontier, an Enterprise Platform for AI Coworkers (OpenAI)
Elite Scientists Say AI Now Handles Most of Their Research Thinking (Decrypt)
Decentralized, Centralized, & Traditional Finance
Shopify’s USDC Checkout Experiment Shows Early Momentum (The Defiant)
Tokenization Could Double Hong Kong’s Fund Industry (The Block)
USD₮ Sets New Records in Q4 as Tether Widens Stablecoin Dominance (Tether)
BitMEX Brings Hyperliquid’s Top Traders to Its Copy Trading Platform (The Defiant)
EU Tokenization Firms Warn DLT Pilot Limits Could Drive Markets to U.S. (The Block)
Kraken Institutional Debuts Managed Crypto Yield Strategy With Bitwise (The Block)
Circle and Polymarket Partner to Bring Native USDC Settlement to Prediction Markets (Circle)
Hex Trust Brings Institutional Access to XRP DeFi via Flare Integration (CoinDesk)
Tether Makes $100M Bet on Anchorage to Expand U.S. Stablecoin Footprint (CoinDesk)
Bullish Posts Q4 Loss as Bitcoin Options Trading Grows (The Block)
Sovcombank Launches Bitcoin-Backed Loans in Russia (CoinDesk)
Record $1M Lightning Payment Shows Bitcoin’s Institutional Potential (Cointelegraph)
Exchanges
Coinbase Adds RaveDAO to Asset Roadmap (Coinbase Markets)
Coinbase Adds Aztec and Espresso Systems to Asset Roadmap (Coinbase Markets)
Binance Rejects Insolvency Claims, Calls Viral Legal Notice a Fake (The Block)
Binance Co-Founder Downplays Withdrawal Campaign as Assets Rise (He Yi)
Gemini Exits Europe and Australia, Cuts Staff to Refocus on U.S. and Prediction Markets (CoinDesk)
Coinbase Lists Hyperliquid (HYPE) for Spot Trading (Coinbase Markets)
South Korea Probes Bithumb Over Alleged Misleading Ads (DL News)
Coinbase Lists Rainbow (RNBW) for Spot Trading (Coinbase Markets)
Exchange-Traded Funds
U.S. Bitcoin spot ETFs recorded $544.94 million in net outflows on Feb. 4.
On Feb. 4, U.S. Ethereum spot ETFs posted net outflows of $79.48 million.
U.S. XRP spot ETFs saw 4.83 million in net inflows on Feb. 4.
On Feb. 4, U.S. Solana sport ETFs logged 6.71 million in net outflows.
Infrastructure
Markets
Bitcoin Deleveraging Accelerates as $55B in Futures Positions Unwind (Cointelegraph)
Ether Slides Below $2,000 as Smaller Holders Capitulate and Whales Accumulate (Cointelegraph)
Vitalik Buterin Sells $6.6M in ETH as Market Sensitivity Intensifies (Cointelegraph)
Bhutan Transfers $22M in Bitcoin as State Holdings Continue to Shrink (Cointelegraph)
Multicoin-Linked Wallets Flagged Rotating $220M in ETH Into HYPE (MLM)
Coinbase Premium Slides to Yearly Low, Signaling Institutional Sell Pressure (Cointelegraph)
Justin Sun Cheers Tron Inc.’s TRX Accumulation as Token Outperforms Bitcoin (CoinDesk)
Bitcoin Slips Back to 2021 High as Bears Tighten Grip Below $70K (The Block)
U.S. Initial Jobless Claims for the week ending Jan. 31: 231k, Exp. 212k, Prev. 209k (DOL)
$2.5B+ Options Expiry Tomorrow With Bearish Bias in Bitcoin and Ether (Deribit)
Bitcoin Slides Below $67K as Risk-Off Sentiment Wipes Out Post-Election Gains (Decrypt)
Polymarket to Replace Bridged USDC.e With Native USDC on Polygon (The Block)
XRP Leads Crypto Selloff as Market Slips Into Extreme Fear (Decrypt)
Politics & Regulation
CFTC Scraps Biden-Era Prediction Market Ban (CoinDesk)
Crypto Industry Floats Stablecoin Concessions to Revive Stalled U.S. Legislation (Bloomberg)
Coinbase Blocks Nevada’s Emergency Effort to Shut Down Prediction Markets (Cointelegraph)
FCC Opens Review of SpaceX Plan to Move AI Data Centers Into Orbit (Decrypt)
House Opens Probe Into UAE-Linked $500M Investment Tied to WLFI (The Block)
Brazil Moves to Ban Algorithmic Stablecoins (CoinDesk)
Virginia Advances Bill for State Cryptocurrency Reserve (Bitcoin Magazine)
Bessent Blasts Crypto ‘Nihilists’ as Senate Market Structure Talks Stall (CoinDesk)
Token Generation Events
Axie Infinity Unveils bAXS Token Airdrop to Reward Stakers and Players (Decrypt)
Treasuries
Venture Capital
Kyle Samani Steps Back From Multicoin to Explore Tech Interests (The Block)
Other News
Bitcoin Developer Urges Adam Back to Step Down After Epstein File Mentions (Decrypt)
Emails Reveal Deep, Personal Ties Between Tether Co-Founder and Jeffrey Epstein (Decrypt)
Vitalik Buterin Urges Builders to Move Beyond Copycat EVM Chains (Vitalik Buterin)
UK Teens Jailed After $4.3M Crypto “Wrench Attack” Robbery (Decrypt)
Check This Out!
TRON reached a major milestone with 100 million monthly active addresses. Since January 2025, TRON has recorded nearly 50% growth in active users, alongside new highs in network activity, with stablecoin market cap hitting a record $84.5 billion and transactions climbing to an all-time high of 342 million.
Source: CryptoRank
Meme of the Day
Source: BoldLeonidas
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