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Cryptocurrency spot trading volume has halved in three months, Cointelegraph reported. The outlet noted that Binance's BTC trading volume plummeted from $200 billion last October to $104 billion this January. This decline in spot demand is being attributed to a large-scale forced liquidation event on Oct. 10 of last year. Liquidity is being further depleted by stablecoin outflows from exchanges and a decrease in their market capitalization, the report added. Justin d'Anethan, head of research at Arctic Digital, predicted that the biggest risk for BTC in the coming months will be macroeconomic factors, including a potential hawkish turn by the U.S. Federal Reserve. However, he suggested that a resumption of ETF inflows, the enactment of crypto-friendly legislation, and slowing U.S. employment data could act as catalysts for a rebound.

South Korean crypto exchange Upbit announced the listing of Moonbird (BIRB) for trading against BTC, USDT, and KRW at 9:00 a.m. UTC on Feb. 3.

An address presumed to belong to BitMEX co-founder Arthur Hayes deposited $500,000 worth of ENA and $500,000 worth of PENDLE into FalconX about 12 minutes ago, Onchainlens reported. The same address had also deposited $980,000 worth of LDO to FalconX eight hours prior. Deposits to exchanges are typically interpreted as a precursor to selling.

An address believed to belong to Ethereum founder Vitalik Buterin has sold another 211 ETH ($492,000), Onchainlens reported. To date, the address has sold a total of 704 ETH ($1.65 million).

The recent Bitcoin (BTC) rebound is more of a technical bounce than a trend reversal, The Block reported. Vincent Liu, Chief Investment Officer (CIO) at Kronos Research, explained that the move is the result of short covering after large-scale liquidations, a resolution of oversold conditions, and a flow of liquidity into major assets. He added that while the rally could continue in the short term, it is likely to remain a short-lived rebound unless accompanied by spot-driven capital inflows and an improved macroeconomic environment.

Decentralized cryptocurrency exchange (DEX) ASTER announced today that it is launching a trading campaign for its precious metals-pegged perpetual futures. Participants can earn rewards by trading USDT-based perpetual contracts for gold (XAU), silver (XAG), platinum (XPT), palladium (XPD), and copper (XCU). The size of the reward pool is proportional to the cumulative trading volume of these contracts, reaching 100,000 USDF at $1 billion in volume, 500,000 USDF at $5 billion, and a maximum of 1 million USDF at $10 billion. In addition to USDF rewards, traders can also accumulate points for Aster's Airdrop Season 6. The campaign runs from 0:00 a.m. UTC on Feb. 3 to 11:59 p.m. UTC on Feb. 8.

South Korea's Financial Supervisory Service (FSS) has launched a preliminary market surveillance review into the unusual price volatility of ZKsync (ZK) on the Upbit exchange, the Korea Economic Daily reported. The FSS's Virtual Asset Investigation Bureau explained that it is "currently securing related data and reviewing the details," adding that the matter could be escalated to a formal investigation depending on its severity. On Feb. 1, ZKsync surged nearly 1000% around the time of an Upbit system maintenance period before crashing. The incident led to allegations of price manipulation within the crypto community.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.97% long, 50.03% short - Binance: 50.76% long, 49.24% short - OKX: 50.33% long, 49.67% short - Bybit: 50.97% long, 49.03% short

Binance has announced it will delist several margin trading pairs at 6:00 a.m. UTC on Feb. 6. The affected pairs include: - Cross Margin: KNC/BTC, COTI/BTC, BAT/BTC, DUSK/BTC, RLC/BTC, GRT/ETH, GLM/BTC, and KAVA/BTC. - Isolated Margin: KNC/BTC, COTI/BTC, BAT/BTC, DUSK/BTC, JST/BTC, RLC/BTC, GRT/ETH, GLM/BTC, KAVA/BTC, and CTK/BTC.

Trend Research deposited an additional 10,000 ETH, worth $23.35 million, to Binance five minutes ago, Onchain Lens reported. This follows a previous transaction where the firm deposited a total of 93,588 ETH to Binance, which it then sold to repay a loan.

U.S. spot ETH ETFs saw a net outflow of $15.58 million on Feb. 2, marking the third consecutive day of net outflows, according to TraderT. - BlackRock's ETHA: -$82.84 million - Fidelity's FETH: +$66.62 million - Bitwise's ETHW: +$4.99 million - VanEck's ETHV: +$7.64 million

U.S. spot Bitcoin ETFs saw net inflows of $562.62 million on Feb. 2, according to data compiled by TraderT. This marks a return to net inflows for the first time in five trading days. The inflows were led by BlackRock and Fidelity. - BlackRock's IBIT: +$142.72 million - Fidelity's FBTC: +$153.35 million - Bitwise's BITB: +$96.5 million - Ark Invest's ARKB: +$65.07 million - Invesco's BTCO: +$10.09 million - VanEck's HODL: +$24.34 million - Grayscale's Mini BTC: +$67.24 million

Tether has launched MiningOS, an open-source Bitcoin mining software, Cointelegraph reported. MiningOS features a modular and scalable operating system suitable for everyone from individual miners to institutions. It provides a self-hosted mining architecture that communicates with other devices via a peer-to-peer network.

Trend Research has deposited an additional 20,000 ETH, worth $46.54 million, to Binance, according to Onchain Lens. The firm has now deposited a total of 93,588 ETH to the exchange, which it sold to repay a loan.

A whale address that was liquidated for $230 million during the mass liquidation event on Oct. 10 of last year has withdrawn 806.47 BTC, worth $63.36 million, from crypto market maker B2C2 and Coinbase over the past 11 hours, on-chain analyst ai_9684xtpa reported. The address, which begins with bc1qf, currently holds $3.14 billion in BTC and $1.07 billion in ETH.

An address believed to belong to Singapore's DBS Bank received an additional 2,500 ETH ($5.85 million) from Wintermute approximately two hours ago, according to The Data Nerd. The address has accumulated a total of 24,898 ETH ($61.34 million) over the past week.

Users of the bankrupt exchange FTX have reached a settlement in their lawsuit against the company's law firm, Fenwick & West, Cointelegraph reported. Attorneys for Fenwick and the FTX users are scheduled to submit the settlement agreement to the court on Feb. 27. The specific terms of the agreement have not been disclosed. FTX users had previously filed a class-action lawsuit alleging that Fenwick assisted former FTX executives in creating shell companies to misappropriate billions of dollars.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - ETH: $200 million liquidated (58.95% longs) - BTC: $190 million liquidated (54.81% longs) - SOL: $21.74 million liquidated (64.74% longs)

According to CoinNess market monitoring, BTC has fallen below $78,000. BTC is trading at $77,991.18 on the Binance USDT market.

Solana ecosystem project Step Finance announced that it suffered a hack of approximately $40 million on Jan. 31. The breach occurred after an executive's device was compromised. The team has reported the incident to the police and has asked users to refrain from using the STEP token until the investigation is complete.

SpaceCoin, a decentralized satellite-based internet project, has announced the launch of its SPACE staking program. The program will be available for a limited time and offers participants rewards of around 10% APR. Staking is limited to SPACE tokens issued on the Creditcoin chain.

ING Germany, one of the country's largest financial institutions, has launched a crypto exchange-traded product (ETP) trading service for retail investors, Wu Blockchain reported. The move allows ING customers to directly invest in ETPs tracking indices for cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) through their securities accounts.

Binance has announced it will conduct wallet maintenance for approximately 60 minutes to resume withdrawal services following recent issues.

South Korean exchange Bithumb has announced that it will temporarily suspend deposits and withdrawals for Frax Share (FXS) starting at 10:00 a.m. UTC today to support the token's rebranding and swap.

Binance has announced it will temporarily suspend deposits and withdrawals for Sei (SEI) to support an upcoming network upgrade. The suspension is scheduled to begin at 4:30 p.m. UTC on Feb. 3.