I. Crypto Market Overview

Key Takeaways

1.

Macro Environment

The Reserve Bank of Australia raised rates to 3.85% amid persistent inflation, tightening liquidity and risk appetite in Asia-Pacific. The US Dollar Index fell 0.21% as Fed rate cut expectations grew, supporting crypto as an alternative asset. Regulatory clarity advances, with the US CFTC and Canada introducing new digital asset frameworks to attract institutional capital.
2.

Crypto Market

The crypto market saw broad declines over the past 12 hours, with BTC down 3.02% to $76,394 and ETH down 3.27% to $2,267.7, pressured by ETF outflows and weak spot demand. Altcoins were mixed: MORPHO (MORPHO) rose 3.78% on DeFi activity, Zilliqa (ZIL) gained 4.03% after a network upgrade, while Solana (SOL) fell 4.67%. Hyperliquid (HYPE) dropped 1.81% despite high volume, and Polygon (POL) slid 4.13%.
3.

Today's Outlook

Digital Assets Week opens in Hong Kong, spotlighting institutional adoption and the latest digital asset trends. This event may drive regional sentiment and highlight Asia’s growing role in crypto innovation and capital flows.
Fear and Greed Index
10.00% Annual Percentile
15 Fear
Total Crypto Market Cap
$2.63T
0.02%
Total Market Trading Volume
$130.12B
32.26%
Altcoin Season Index
45.45%
Quarterly Percentile
30 / 100
Total Futures Market Open Interest
3.44B
2.61%
Futures
613.21B
8.40%
Perpetuals

II. Industry Updates

Macro-economic Policies

1.

The Reserve Bank of Australia raised its cash rate by 25 basis points to 3.85%, citing persistent inflation. This hawkish move strengthened the Australian dollar and is expected to tighten liquidity, potentially reducing risk appetite and DeFi activity in Asia-Pacific crypto markets.

2.

The U.S. House passed a funding bill to end the government shutdown, stabilizing financial markets. Crypto prices, including Bitcoin and Ether, rebounded from intraday lows as risk sentiment improved, but overall market volatility remains elevated.

3.

The U.S. Dollar Index declined by 0.21% to 97.434, reflecting shifting expectations for Federal Reserve policy. A weaker dollar may support Bitcoin and other crypto assets by increasing their appeal as alternative stores of value.

4.

Gold and silver prices surged by 6% and 12% respectively, while Bitcoin volatility remained subdued. This divergence suggests a temporary rotation of capital into traditional safe-haven assets, which could dampen short-term crypto inflows.

5.

USDC Treasury minted 250 million new USDC tokens, indicating sustained demand for stablecoins. This expansion in stablecoin supply supports on-chain liquidity and may facilitate increased trading and DeFi activity across crypto markets.

Cryptocurrency Regulatory Trends

1.

Ebury, a Santander fintech, launched crypto services in Brazil focusing on stablecoin transactions, fully complying with new Banco Central do Brasil regulations, boosting institutional adoption and market confidence.

2.

The US CFTC Chair announced a forthcoming crypto market structure bill aiming to set a "gold standard" for digital asset regulation, expected to enhance clarity and attract institutional capital to US markets.

3.

Canada's CIRO introduced a digital asset custody framework for crypto trading platforms, establishing risk-based requirements to strengthen investor protection and support compliant market growth.

4.

USDC Treasury minted $250 million in new tokens, reflecting ongoing regulatory-compliant demand for stablecoins and reinforcing their role in on-chain settlements amid evolving oversight.

5.

Regulators have implemented new digital asset custody rules, mandating stricter capital, cybersecurity, and segregation standards, which are expected to improve investor protection and reduce systemic risks in crypto markets.

Trending Tokens

1.

Hyperliquid (HYPE): HYPE surged over 20% in 24h, driven by the HIP-4 product update introducing outcome-based trading and option-like derivatives, with daily volume exceeding $1.19B.

2.

Polygon (POL): POL rose nearly 19% after Polygon Labs announced the acquisition of Coinme and Sequence on January 13, aiming to expand regulated stablecoin payments in the U.S.

3.

MORPHO (MORPHO): MORPHO gained over 9% in 24h, supported by recent integrations with Bitwise's onchain vault and increased DeFi lending activity, with 24h trading volume at $38.6M.

Smart Money Movements

1.

Trend Research sold 153,500 ETH for $352 million at $2,294 each, reducing leverage and now faces a $605 million total loss with $1.11 billion in ETH remaining.

2.

Bitcoin whales offloaded 50,181 BTC in the past two weeks, driving the price below $75,000 and increasing market volatility, according to Glassnode data.

3.

Norwegian pension fund KLP increased its Bitcoin exposure by investing in Strategy (MSTR), despite recent losses, reflecting long-term institutional confidence in crypto.

4.

Binance transferred 8,138 BTC and Coinbase moved 12,249 BTC within 30 minutes, coinciding with the Arbitrum DAO governance account compromise.

5.

BlackRock deposited 1,134.13 BTC ($88.69M) and 35,358 ETH ($80.65M) into Coinbase, signaling continued institutional accumulation of major crypto assets.

Events to Watch

Feb 4 (Wed)

Digital Assets Week opens in Hong Kong, focusing on the latest trends in digital assets and institutional adoption.

Feb 5 (Thu)

XDC Network (XDC) will unlock $30.4 million in tokens; Ronin's Saigon testnet migrates to Ethereum mainnet, marking a key Layer 2 upgrade.

Feb 5 (Thu)

European Blockchain Convention begins, gathering asset managers, hedge funds, and institutional investors for industry discussions.

Feb 9 (Mon)

AIBC Eurasia Summit and Global Blockchain Show kick off in Dubai, spotlighting blockchain, Web3, and digital innovation with 300+ speakers.

Feb 10 (Tue)

FinovateEurope 2026 starts in London, uniting 1,000+ financial leaders to discuss fintech and digital asset integration.

III. Phemex Market Focus

New Listings

1.

Feb 03: (TRIA/USDT)

Introducing Tria(TRIA) to the Phemex Spot Market with TRIA/USDT trading pair.
2.

Feb 03: (ZAMA/USDT)

Introducing Zama(ZAMA) to the Phemex Spot Market with ZAMA/USDT trading pair.
3.

Jan 29: (QQQON/USDT)

Introducing Invesco QQQ Ondo Tokenized(QQQON) to the Phemex Spot Market with QQQON/USDT trading pair.
4.

Jan 29: (SPYON/USDT)

Introducing SPDR S&P 500 ETF Ondo Tokenized(SPYON) to the Phemex Spot Market with SPYON/USDT trading pair.
5.

Jan 29: (MSTRON/USDT)

Introducing MicroStrategy Ondo Tokenized(MSTRON) to the Phemex Spot Market with MSTRON/USDT trading pair.

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