Crypto Market Faces ETF Outflows, Regulatory Uncertainty, and Major Token Unlocks

I. Crypto Market Overview

Key Takeaways

Macro Environment

Ripple's EMI license in Luxembourg enables EU-wide blockchain payment expansion, boosting institutional adoption. The White House hosts a pivotal meeting on stablecoin yields, highlighting regulatory uncertainty. Hawkish Fed expectations and geopolitical risks drive $1.7B in digital asset outflows, pressuring crypto markets.

Crypto Market

The crypto market remains under pressure, with BTC at $77,667 (-0.44%) and ETH at $2,302 (-2.83%) over 24h, reflecting risk-off sentiment and ETF outflows. Altcoins show mixed trends: RIVER (+25.08%), MYX (+22.80%), and STABLE (+29.19%) lead gains, driven by ecosystem growth and protocol upgrades, while ZKsync lags (-13.18%).

Today's Outlook

Key events today include the US ISM Manufacturing PMI and Prices release at 3:00 pm GMT, which may impact global risk assets. Major token unlocks for HYPE, BERA, and XDC are scheduled, potentially affecting token prices and overall crypto market liquidity.

Fear and Greed Index

14.00% Annual Percentile

18 Fear

Total Crypto Market Cap

$2.63T

0.47%

Total Market Trading Volume

$191.80B

0.05%

Altcoin Season Index

54.55%

Quarterly Percentile

31 / 100

Total Futures Market Open Interest

3.39B

0.93%

Futures

628.78B

7.82%

Perpetuals

II. Industry Updates

Macro-economic Policies

Ripple has secured a full Electronic Money Institution (EMI) license in Luxembourg, enabling it to expand blockchain-based payment and digital asset services across the EU. This regulatory milestone is expected to boost institutional adoption and enhance cross-border liquidity for crypto markets.

Kevin Warsh's nomination as the next Federal Reserve Chair has triggered market debate over future US monetary policy. His focus on the Fed's balance sheet and skepticism toward quantitative easing have increased volatility in crypto markets, with investors anticipating potential shifts in liquidity conditions.

Digital asset investment products saw $1.7 billion in net outflows last week, led by Bitcoin and Ethereum, as hawkish Federal Reserve expectations and geopolitical uncertainty pressured crypto prices and DeFi liquidity.

Solana experienced $31.7 million in ETF outflows and dropped to a 10-month low, reflecting deteriorating investor sentiment amid broader market volatility and capital exit from digital asset products.

The White House is convening a meeting with crypto and banking sector leaders to discuss stablecoin yields, highlighting the growing impact of stablecoins on both traditional finance and DeFi market dynamics.

Cryptocurrency Regulatory Trends

The White House will host a meeting today with crypto firms and banks to discuss stablecoin yields, a key issue delaying the US crypto market structure bill; the outcome could impact stablecoin product offerings and investor confidence.

Ripple has secured a full Electronic Money Institution (EMI) license from Luxembourg, enabling it to expand regulated blockchain payment services across the EU and potentially boosting institutional adoption of digital assets.

The US Treasury has sanctioned two UK-based crypto exchanges for facilitating nearly $1 billion in transactions linked to Iran’s IRGC, signaling stricter enforcement against crypto platforms involved in sanctions evasion and increasing compliance risks for exchanges.

The US Senate Agriculture Committee narrowly passed the CLARITY Act, aiming to establish a federal regulatory framework for digital assets, but partisan divisions and unresolved issues on DeFi and ethics create uncertainty for its final passage and market clarity.

India’s 2026 Union Budget introduced tighter reporting requirements for virtual digital assets, increasing compliance obligations for crypto investors and potentially affecting trading activity in the region.

RIVER (RIVER): RIVER surged 25% in 24h to $23.68, driven by record open interest and high trading volume of $129.95M as its chain-abstraction stablecoin system gains traction.

MYX Finance (MYX): MYX Finance jumped 22.7% in 24h to $5.92, with $24.95M volume, fueled by cross-chain perpetuals adoption and protocol upgrades on Linea, Arbitrum, and BNB Chain.

Mantis (M): Mantis price remained flat, but recent ecosystem updates include new gaming features and enhanced data privacy, supporting user engagement and platform security.

Smart Money Movements

Strategy (MSTR) purchased 855 BTC for $75.3 million last week, increasing its total holdings to 713,502 BTC at an average price of $76,052.

An OTC whale acquired 30,392 ETH worth $70.12 million and 500 CBBTC valued at $30.74 million within 10 hours, signaling aggressive accumulation during market volatility.

Blackrock transferred 58,327 ETH, approximately $133.32 million, to Coinbase, indicating potential strategic repositioning in its crypto portfolio.

Tether increased its gold reserves to 140 tons, valued at $23 billion, supporting its XAUt stablecoin and surpassing the gold purchases of many central banks.

A dormant Bitcoin wallet moved 2,819 BTC, worth $213 million, after 8 years of inactivity, with 1,500 BTC ($114 million) deposited to Paxos.

Events to Watch

Feb 2 (Mon)

US ISM Manufacturing PMI and Prices for January to be released at 3:00 pm GMT; China's Caixin Manufacturing PMI out at 01:45 GMT, both key for global risk assets.

Feb 2 (Mon)

Major token unlocks for HYPE, BERA, and XDC scheduled, potentially impacting token prices and overall crypto market liquidity.

Feb 3 (Tue)

Reserve Bank of Australia to announce interest rate decision at 2:30 PM AEDT, with a media conference at 3:30 PM AEDT; markets expect a possible rate hike.

Feb 4 (Wed)

Chainflip Lending Beta ends; FLIP rewards to be distributed to participants. ISM Non-Manufacturing PMI and ADP Nonfarm Employment Change data releases may influence market sentiment.

Feb 6 (Fri)

US Non-Farm Payrolls, Unemployment Rate, and Average Hourly Earnings for January to be released at 08:30 AM EST; Hyperliquid (HYPE) and Berachain (BERA) major token unlocks may affect market volatility.

Table of Contents

I. Crypto Market Overview

Key Takeaways

Macro Environment

Crypto Market

Today's Outlook

II. Industry Updates

Macro-economic Policies

Ripple has secured a full Electronic Money Institution (EMI) license in Luxembourg, enabling it to expand blockchain-based payment and digital asset services across the EU. This regulatory milestone is expected to boost institutional adoption and enhance cross-border liquidity for crypto markets.

Digital asset investment products saw $1.7 billion in net outflows last week, led by Bitcoin and Ethereum, as hawkish Federal Reserve expectations and geopolitical uncertainty pressured crypto prices and DeFi liquidity.

Solana experienced $31.7 million in ETF outflows and dropped to a 10-month low, reflecting deteriorating investor sentiment amid broader market volatility and capital exit from digital asset products.

The White House is convening a meeting with crypto and banking sector leaders to discuss stablecoin yields, highlighting the growing impact of stablecoins on both traditional finance and DeFi market dynamics.

Cryptocurrency Regulatory Trends

The White House will host a meeting today with crypto firms and banks to discuss stablecoin yields, a key issue delaying the US crypto market structure bill; the outcome could impact stablecoin product offerings and investor confidence.

Ripple has secured a full Electronic Money Institution (EMI) license from Luxembourg, enabling it to expand regulated blockchain payment services across the EU and potentially boosting institutional adoption of digital assets.

The US Treasury has sanctioned two UK-based crypto exchanges for facilitating nearly $1 billion in transactions linked to Iran’s IRGC, signaling stricter enforcement against crypto platforms involved in sanctions evasion and increasing compliance risks for exchanges.

The US Senate Agriculture Committee narrowly passed the CLARITY Act, aiming to establish a federal regulatory framework for digital assets, but partisan divisions and unresolved issues on DeFi and ethics create uncertainty for its final passage and market clarity.

India’s 2026 Union Budget introduced tighter reporting requirements for virtual digital assets, increasing compliance obligations for crypto investors and potentially affecting trading activity in the region.

Trending Tokens

RIVER (RIVER): RIVER surged 25% in 24h to $23.68, driven by record open interest and high trading volume of $129.95M as its chain-abstraction stablecoin system gains traction.

MYX Finance (MYX): MYX Finance jumped 22.7% in 24h to $5.92, with $24.95M volume, fueled by cross-chain perpetuals adoption and protocol upgrades on Linea, Arbitrum, and BNB Chain.

Mantis (M): Mantis price remained flat, but recent ecosystem updates include new gaming features and enhanced data privacy, supporting user engagement and platform security.

Smart Money Movements

Strategy (MSTR) purchased 855 BTC for $75.3 million last week, increasing its total holdings to 713,502 BTC at an average price of $76,052.

An OTC whale acquired 30,392 ETH worth $70.12 million and 500 CBBTC valued at $30.74 million within 10 hours, signaling aggressive accumulation during market volatility.

Blackrock transferred 58,327 ETH, approximately $133.32 million, to Coinbase, indicating potential strategic repositioning in its crypto portfolio.

Tether increased its gold reserves to 140 tons, valued at $23 billion, supporting its XAUt stablecoin and surpassing the gold purchases of many central banks.

A dormant Bitcoin wallet moved 2,819 BTC, worth $213 million, after 8 years of inactivity, with 1,500 BTC ($114 million) deposited to Paxos.

Events to Watch

Feb 2 (Mon)

Feb 3 (Tue)

Feb 4 (Wed)

Feb 6 (Fri)

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