Crypto

The sell-off spread across multiple assets, with natural gas down 15.5%, silver off 8%, and gold dropping 5.5%.

Nomura CEO Hiroyuki Moriuchi said that the company introduced stricter position management to reduce risk exposure and limit earnings fluctuations from crypto market swings.

A sharp drop in the bitcoin price while CME was shut leaves bitcoin futures trading well below Friday’s close.

Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), said only a very few stablecoin licenses would be issued initially.

Popular opinion is missing the sea change in the UK’s crypto operating environment. Beneath regulatory criticism, the UK is accelerating its crypto evolution Opinion by: Daniel Taylor, head of policy at Zumo We’re approaching five years since we first heard about the “global crypto hub UK,” and the United Kingdom has drawn its fair share of flak regarding its crypto strategy.  Amid a perpetually delayed regulatory framework, vanishing company approval rates and increasingly loud public criticism of overzealous and nannying “positive frictions,” UK consumers have been left out in the cold both in product access and product choice when compared to international counterparts. Read more

Binance kicked off its $1 billion SAFU conversion into Bitcoin with a $100 million purchase, shifting its user protection fund out of stablecoins and into BTC. Crypto exchange Binance bought its first 1,315 Bitcoin as part of its conversion plan for the Secure Asset Fund for Users (SAFU). The Bitcoin (BTC), worth $101 million, was bought for an average price of $77,409.89 per coin, according to data from Blockchain.com. Binance said it expects to shift the rest of SAFU’s $1B from stablecoins to Bitcoin within the next 27 days. A Binance spokesperson told Cointelegraph on Friday that the SAFU fund will continue to be used as a backstop for users in the event of extreme incidents or losses. Read more

Your day-ahead look for Feb. 2, 2026

Jim Cramer sounds the alarm on bitcoin’s "unreliability" as a short-term currency after a sharp weekend drop.

Ether treasury firms are pressured by the crypto market downturn, as Trend Research was forced to sell $77 million in Ether at a loss, while others are holding through paper losses. Corporate Ether treasury companies are facing significant paper losses on their holdings after the latest market correction pulled many underwater. BitMine Immersion Technologies, the largest corporate Ether (ETH) holder, is sitting on $6.95 billion in unrealized losses. Its Ether holdings were acquired at an average price of $3,883 per token, significantly higher than the current $2,240 ETH price.  SharpLink Gaming, the second-largest Ether treasury firm, is facing $1.09 billion in paper losses, after Ether’s price fell below its average cost basis of $3,609, according to the company’s dashboard. Read more

Crypto markets stabilized after a thinly traded weekend rout wiped out nearly $290 billion of total market capitalization.

Bitcoin just erased over $9,000 in a weekend liquidity trap and the Monday recovery is missing one thing By the time London desks started lighting up this morning, Bitcoin had already moved sharply in off-hours trading. Over the weekend, while most of the world was off-grid or only half-paying attention between errands and late-night scrolling, […] The post Bitcoin price today jumps after 11% weekend dump as global markets open with bullish intent appeared first on CryptoSlate.

The firm holds about $9.2 billion in ETH, down more than 41% from its nearly $15.7 billion total investment.

Crypto ETPs posted two consecutive weeks of outflows, totaling $3.43 billion and driving $1 billion in year-to-date losses, according to CoinShares. Crypto investment products continued their sell-off last week as investor sentiment weakened, marking two consecutive weeks of outflows. Crypto exchange-traded products (ETPs) saw $1.7 billion in outflows during the week, the European crypto investment company CoinShares reported on Monday. The outflows were slightly below $1.73 billion in the week prior, totaling $3.43 billion in the past two weeks. This has turned year-to-date flows negative, with $1 billion withdrawn. Read more

The payments firm said Luxembourg’s CSSF has granted final Electronic Money Institution approval, moving it from “in-principle” status to a license it can use to expand Ripple Payments across the bloc.

Meanwhile, MYX has notched an impressive daily surge.

Bitcoin price action headed toward the 2021 bull market highs as crypto traders warned over a future sub-$50,000 BTC price bottom. Bitcoin (BTC) started the first week of February near 16-month lows, with traders expecting further downside. BTC price weakness compounds after a grim weekend, with BTC/USD reaching levels not seen since November 2024. RSI values form the main basis for expecting a market rebound. Read more

Hong Kong's monetary authority said only a small number of stablecoin issuers will be approved initially, as application reviews near completion. The Hong Kong Monetary Authority (HKMA), Hong Kong's financial regulator, is preparing to grant its first stablecoin issuer licenses in March, according to a Reuters report.  During a Legislative Council meeting on Monday, HKMA Chief Executive Eddie Yue reportedly said the regulator’s review of stablecoin license applications was nearing completion. Yue added that the initial approvals will be limited, with only a “very small number” of licenses expected to be issued in the first batch.  At a subsequent media briefing, the regulator said the assessments were focused on use cases, risk management, anti-money laundering (AML) controls and the quality of backing assets. Licensed issuers are also expected to comply with Hong Kong’s cross-border activity rules.  Read more

India's crypto tax regime remains unchanged, dashing industry hopes for relief from the framework that drove trading offshore.

XRP was rejected at $1.65 during the weekend.

Bitcoin bets on Polymarket show elevated downside risk in 2026 as analysts point to bearish trends and tight US liquidity conditions. Prediction markets have turned more bearish on Bitcoin after a weekend sell-off briefly pushed prices below $75,000 on Monday. On Polymarket, the odds of Bitcoin (BTC) falling below $65,000 in 2026 climbed to 72% on Monday, with almost $1 million in volume. Other large wagers included bets on BTC dropping below $55,000 and reclaiming $100,000 by year-end, with implied probabilities of 61% and 54%, respectively. Read more