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According to PANews, Michael Saylor, the founder of Strategy (formerly MicroStrategy), has expressed his views on national cryptocurrency investments. Saylor stated that only a nation-state has the capability to purchase 20% of all Bitcoin, and he believes that the United States should be the one to make such an acquisition.

Following Bybit’s confirmation of a $1.4 billion Ethereum (ETH) security breach, Binance executives have extended their support, reinforcing the industry's collaborative stance on security.Bybit CEO Ben Zhou revealed that the exploit was executed through a masked UI attack on a multisig cold wallet transaction. The attackers manipulated the signing process to alter the smart contract logic, gaining control over the wallet and transferring its ETH holdings to an unknown address. Despite the breach, Zhou assured users that all other cold wallets remain secure and withdrawals are operating normally.Binance’s Immediate ResponseYi He, Binance’s co-founder, was quick to offer assistance, stating, "We are here when you need." Former Binance CEO CZ also weighed in, suggesting a proactive security measure to prevent further potential risks. "Not an easy situation to deal with. Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed. Good luck!"  

The Bybit exploit, which resulted in the theft of 514,000 ETH worth $1.429 billion, has seen the hackers disperse 490,000 ETH across 49 different addresses, with each address receiving 10,000 ETH, according to blockchain monitoring firm EmberCN.In addition to the massive ETH transfers, the attackers are also attempting to unstake 15,000 cmETH, a move that requires an 8-hour waiting period before funds become available. The possibility of intercepting the pending unstake remains uncertain at this stage.

Bybit CEO Ben Zhou has publicly expressed gratitude for the overwhelming support from the crypto community following the $1.44 billion ETH hack. He acknowledged that major exchanges have stepped in to assist Bybit in tracking the stolen funds, reinforcing the strength and resilience of the industry in times of crisis.Zhou specifically praised Binance for being the first exchange to offer support, emphasizing the leadership and proactive response from Binance executives, including Yi He and former CEO CZ.

According to PANews, Elon Musk's social media company, X, is reportedly in discussions with investors to raise funds at a valuation of $44 billion. This valuation matches the price Musk paid when he acquired the company in 2022. Following Musk's acquisition and subsequent reforms, which led to a significant departure of users and advertisers, this funding round could mark a pivotal moment for the social media giant. Sources familiar with the matter indicate that negotiations for this new round of funding are ongoing, and details may change. The company may also decide to abandon the fundraising talks. This marks the first known investment round since Musk privatized the social media company. The individuals providing this information requested anonymity due to the private nature of the discussions.

According to Binance Market Data, Ethereum (ETH) dropped below 2,200 USDT and is now trading at 2,150 USDT, with a 31.63% decrease in 24 hours.

According to Odaily, Coinglass data reveals that the cryptocurrency market witnessed liquidations totaling $1.064 billion over the past 24 hours, with long positions being the most affected. More than 410,000 traders faced liquidations during this period. Notably, a single whale experienced a liquidation of $19.05 million.

Bitcoin has demonstrated resilience amid widespread sell-offs, reclaiming a dominance level of over 60% of the total cryptocurrency market cap. This shift occurs as altcoins face severe losses, with significant drops recorded across the board.Comparative Performance of Bitcoin and AltcoinsWhile Bitcoin's price saw a decrease of 7.3% over the past week, it has fared relatively better compared to its counterparts. Altcoins have not been as fortunate, with Ether falling by 9.3%, XRP dropping 13.8%, and Solana plummeting by 19.3%, according to data from CoinMarketCap. This disparity in performance highlights Bitcoin's perceived stability compared to other cryptocurrencies during market turmoil.Impact of US Trade Tariffs on Crypto MarketsThe downturn in the crypto market has been largely attributed to the newly imposed trade tariffs by US President Donald Trump, which include a 25% tax on imports from Canada and Mexico and a 10% tax on goods from China. These measures have prompted retaliatory tariffs from these nations and have stoked fears of a prolonged trade war, impacting investor sentiment and driving a shift towards safer assets like US government securities.Analysts Predict Further VolatilityTraders and analysts anticipate additional market volatility. Van Nuener, a well-known trader, suggested that the opening of US futures markets might lead to further declines in cryptocurrency prices. Meanwhile, BitMEX co-founder Arthur Hayes and Bitget Research's chief analyst Ryan Lee have both forecasted potential corrections for Bitcoin, pointing to macroeconomic factors such as labor statistics and Federal Reserve policies as key influencers in the near term.Broader Market Reactions and Future OutlookThe crypto market's response to geopolitical and economic developments continues to be closely monitored. The launch of DeepSeek R1, a new AI model from China, has added to the uncertainties, with its implications on US tech stocks and the broader financial markets being particularly noteworthy. The Trump administration's consideration of tighter export restrictions on Nvidia sales to China further complicates the landscape, suggesting that the crypto market may remain volatile in the coming weeks, according to Cointelegraph.

According to Binance Market Data, Ethereum (ETH) dropped below 2,900 USDT and is now trading at 2,899.01001 USDT, with a 9.88% decrease in 24 hours.

According to BlockBeats, data from Farside and Trader T indicate that on February 1, U.S. spot Ethereum ETFs experienced a net inflow of approximately $27.77 million. This marks the second consecutive day of net inflows for these financial products.