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

1. Popular cryptocurrencies on CEX
CEX Trading Volume Top 10 and 24-Hour Price Change:
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 Price Increase Ranking (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 Price Increase Ranking (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. On-chain popular Meme (data source GMGN):
DJT
HAPPINESS
SAD
ET
TP
Headline
The closed-door meeting of the Democratic Senate released positive signals, and there is still hope for advancing crypto legislation.
According to reporter Eleanor Terrett, a Democratic staffer stated that today's relevant meeting had a 'positive' atmosphere and described it as 'the most productive Democratic meeting so far.' Chuck Schumer also attended the meeting, emphasizing the importance of industry participation and calling for maintaining legislative momentum to expedite the passage of the bill.
Although some members of the Democratic Party still hold clear demands regarding certain provisions, participants generally believe that this legislative effort, which was once considered 'on the verge of being shelved' a few weeks ago, is currently 'far from over,' and there is still potential for advancement.
CME Bitcoin futures showed a significant gap, which the market sees as a potential rebound signal.
CME Bitcoin futures experienced a notable price gap during the weekend market closure, providing a certain optimistic expectation for market bulls. Data shows that the CME Bitcoin futures price closed at approximately $84,445 on Friday, while the opening price on Sunday evening dropped to $77,385, corresponding to a previous low in the spot market of about $75,000, thus forming a significant gap.
Note: The CME gap refers to the price gap that forms between the closing price of the futures market 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 align with the ongoing spot market. Historical experience shows that although CME gaps are not absolute and usually get filled within days or weeks, this phenomenon is still regarded by traders as one of the important technical reference indicators.
The probability of the Federal Reserve maintaining interest rates in March is 90.1%.
According to CME's 'FedWatch': The probability of the Federal Reserve lowering interest rates by 25 basis points by March is 9.9%, while the probability of maintaining the current rate is 90.1%. The probability of a cumulative rate cut of 25 basis points by April is 23.2%, with a 75.1% chance of maintaining the current rate, and a 1.6% chance of a cumulative cut of 50 basis points. By June, the probability of a cumulative cut of 25 basis points is 46.0%.
U.S. Republican senators urge the Treasury Department to purchase Bitcoin.
Odaily Planet Daily reports that according to market news: Some Republican lawmakers have urged the U.S. Treasury Department to purchase Bitcoin. It is reported that Senator Cynthia Lummis has suggested to Secretary of the Treasury Yellen to use the U.S. gold reserves to purchase Bitcoin. She proposed this idea to Yellen last year and expressed support for taking action within the existing executive authority.
Industry News
Galaxy Digital: Clients selling approximately $9 billion worth of Bitcoin is not due to 'quantum computing risk.'
Alex Thorn, head of research at Galaxy Digital, stated that a certain client of Galaxy recently sold approximately $9 billion worth of Bitcoin, not out of concerns for so-called '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 the launch of its own crypto token 'CME Coin.'
Terry Duffy, CEO of Wall Street derivatives giant CME Group, stated that the company is exploring the possibility of launching its own crypto token.
Terry Duffy, during the latest earnings call, responded to an analyst's question by stating that CME is evaluating various forms of margin and collateral solutions, including tokenized cash, as well as the 'potential to launch its own tokens for industry participants on decentralized networks.' He noted that tokens from systemically important financial institutions would be more reassuring as margin or settlement tools compared to those issued by smaller financial institutions.
It is reported that CME has currently partnered with Google to advance a tokenized cash program, which is planned to be launched later this year and will complete related transactions through a custodial bank. The mentioned 'own token' is regarded as another independent exploration, and it remains unclear whether it will be a stablecoin or settlement token, with CME not providing further clarification.
If this plan eventually materializes, 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 scheme through JPM Coin. CME also stated that its crypto derivatives business is still expanding, with plans to achieve 24/7 trading for crypto futures in the second quarter of this year.
Trend Research's liquidation price has fallen to about $1,640, with a stop-loss reduction of 188,500 ETH over the past four days.
According to crypto analyst Yu Jin, since the afternoon of February 1st, Trend Research has reduced its positions of about 188,500 ETH at an average stop-loss price of approximately $2,263 over the past four days, involving an amount of about $426 million, and has repaid approximately $385 million USDT to reduce leverage levels.
After continued deleveraging, the liquidation price of its multiple ETH lending positions has fallen to the range of $1,576 to $1,682, mainly concentrated around $1,640. Trend Research currently holds about 463,000 ETH.
1confirmation founder: Polymarket's monthly traffic continues to rise, while Robinhood and Coinbase's traffic shows a downward trend.
Nick Tomaino, founder of 1confirmation, posted on the X platform stating that the monthly traffic of the Polymarket website continues to rise, while the monthly traffic of Robinhood and Coinbase is showing a downward trend.
Arthur Hayes transferred approximately $1 million worth of ENA and PENDLE to Galaxy and Binance, while also increasing his position in HYPE.
According to Onchain Lens monitoring, BitMEX co-founder Arthur Hayes (0x6cd...e21) transferred 3.63 million ENA (valued at $486,000) and 332,000 PENDLE (valued at $487,000) to Galaxy and Binance. In the past two days, BitMEX co-founder Arthur Hayes bought 96,116 HYPE, valued at $3.42 million, and currently holds 161,271 HYPE, valued at $5.78 million.
Project News
Polymarket's cumulative nominal trading volume has surpassed $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 Hyperliquid to expand institutional derivatives trading access.
Ripple announced that it will integrate Hyperliquid into its Ripple Prime platform, marking the first direct support for decentralized finance (DeFi) trading venues on this platform. 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 user transactions on Hyperliquid will still be handled by Ripple Prime as the sole counterparty, establishing a bridge between customers and trading venues to achieve unified risk and margin management without the need to manage positions separately on each platform.
Investment and Financing
IG Group completes the acquisition of Independent Reserve, advancing crypto business expansion in the Asia-Pacific and Middle East.
Online trading giant IG Group has completed its acquisition of the crypto trading platform Independent Reserve, which has been approved by the Monetary Authority of Singapore. This acquisition was first announced in September 2025 and marks IG Group's formal commitment to the digital asset space.
Independent Reserve will join the IG Group system while maintaining the stability and compliance of existing services. IG plans to leverage Independent Reserve's crypto technology and operational experience to launch crypto trading products targeted at local markets in Singapore, Australia, and the UAE in the second half of 2026.
IG Group stated that the acquisition will help expand its compliant digital asset services in a gradually clarifying regulatory market; 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 has completed an additional financing of $23 million.
Digital asset market infrastructure provider Prometheum disclosed that it has completed an additional financing of $23 million, with investors including a group of high-net-worth individuals and institutions, the specific names of which have not been disclosed. The new funds will be used to introduce digital asset products, including cryptocurrencies, tokenized assets, and on-chain securities, into mainstream financial markets.
Matador signed a stock distribution agreement to raise $30 million to increase its Bitcoin holdings.
Bitcoin treasury company Matador Technologies announced that it has signed a stock 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. It is reported that the related common stock will periodically be sold to the public through agents at the company's discretion and sold at the market price at the time of sale, with all transactions adhering to the terms and conditions of the stock distribution agreement.
The prediction market Opinion has completed a $20 million Series A financing, with participation from Hack VC and others.
Odaily Planet Daily reports that prediction market Opinion announced the completion of a $20 million Series A financing, with investors including Hack VC, Jump Crypto, Primitive Ventures, Decasonic, etc. Currently, its trading scope has expanded to macroeconomics, events before token issuance, culture, and cryptocurrencies, covering data such as CPI. The company is reportedly handling about one-third of the global prediction market trading volume, with open contracts exceeding $130 million.
Regulatory Trends
U.S. SEC sues three institutions, accusing them of manipulating the crypto asset market.
According to an announcement from the U.S. Securities and Exchange Commission (SEC), the SEC has filed lawsuits against 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 the aforementioned institutions and nine related individuals executed wash trades through algorithms, creating false trading volume and liquidity illusions, misleading investors into buying related assets under false signals. The case has been submitted to the Federal Court in Massachusetts, and the SEC is seeking a permanent injunction, restitution of unjust enrichment, civil penalties, and bans on executives from serving.
The survey also involves a false 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.
The U.S. CFTC withdraws the proposed ban on political event contracts, indicating a shift in the regulatory stance towards prediction markets.
Mike Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced on Wednesday the formal withdrawal of the proposed regulatory draft on 'event contracts' for 2024, and the repeal of a related guidance issued during the Biden administration. The draft originally aimed to prohibit prediction contracts based on the outcomes of political events, equating them with contracts related to war, terrorism, and other 'against public interest' activities.
Selig stated that the proposal for 2024 reflects the previous government's 'overreaching regulatory judgments.' The CFTC will reintroduce a set of new rules based on the Commodity Exchange Act (CEA) that is more consistent and rational, to support responsible innovation in the derivatives market while aligning with Congress's legislative intent.
This policy adjustment releases a clearer regulatory signal for prediction markets. Previously, the CFTC was forced to allow political prediction contracts to go live after losing a lawsuit against Kalshi. With the new government taking office, institutions including Coinbase and Cboe have also begun actively laying out their prediction market-related businesses. The withdrawal of the old regulation is seen as an important turning point in the regulatory direction for U.S. prediction markets.
Voices of People
Analysis: Bitcoin has fallen back to $74,000, with AI stocks dragging down the crypto market.
Affected by the weakness in tech stocks, Bitcoin fell below $74,000 during U.S. trading hours in the early session. The Nasdaq 100 index fell 1%, as concerns grew that AI could have disruptive effects, leading the iShares Expanded Tech-Software ETF (IGV) to drop a cumulative 17% over the past week. Cryptocurrency mining stocks related to AI infrastructure development also saw declines, with Cipher Mining (CIFR), IREN, and Hut 8 (HUT) all dropping more than 10%. This decline stemmed from chipmaker AMD's 2026 earnings outlook falling short of analyst expectations, causing its stock price to drop 14%.
Bloomberg analyst: Bitcoin ETF investors remain steadfast, with only about 6% of assets actually flowing out.
Bloomberg senior ETF analyst Eric Balchunas posted on the X platform stating that despite Bitcoin's price experiencing a 40% drop, leading to many investors showing unrealized losses, only about 6% of assets in Bitcoin ETFs have flowed out, with 94% remaining steadfast. In contrast, the behavior of veteran Bitcoin investors (OGs) under similar circumstances may differ, and this trend has shown that a new generation of ETF investors is more committed to a long-term holding strategy.
In addition, gold also faced selling pressure, with prices falling 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 53.8, indicating continued expansion in the services sector. However, according to the ADP report, private sector job growth has slowed, with only 22,000 jobs added. Quinn Thompson, Chief Information Officer at Lekker Capital, stated that there are signs of employment weakness in manufacturing, professional and business services, and large employers, and believes that the market has underestimated the scale of stimulus measures that the Federal Reserve may implement in 2026.
Analysis: Bitcoin has not been 'overbought' since the end of 2024, indicating that the bear market may have persisted for over a year.
Analysis shows that the 14-day relative strength index (RSI) of Bitcoin during 2025 and since the end of 2024 has never touched the historical overbought range. This relationship between price and RSI suggests that the previous Bitcoin cycle peak may have occurred in November 2024, and the subsequent market trend has entered a bear market phase, meaning the bear market may have lasted over a year.
Analysis: A survey of crypto investors shows a capital preference leaning towards infrastructure, with DeFi investments coming in 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 is based on responses from 242 participants at a January invitation-only event, covering institutional investors, founders, executives, regulators, and family office representatives. The results indicate that 85% of respondents prioritize infrastructure as their main investment focus, ahead of 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, there is a reduction in aggressive innovation compared to last year's expectations, indicating that investors are more focused on executable implementation rather than speculative innovation. In terms of industry trends, capital is flowing more towards core infrastructures such as custody, clearing, stablecoin frameworks, and tokenization, 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 construction of the crypto market for long-term sustainable development.