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XRP has fallen to its lowest price since the election of U.S. President Donald Trump, CoinDesk reported. The cryptocurrency dropped to $1.44, its lowest level since November 2024, breaking below a key support level that had attracted buyers during a sharp decline last April. According to the report, this indicates that sellers have gained control of the market. With no clear support in the $1.00 to $1.44 range, a further decline could see the price drop sharply below $1.

Bitcoin's decline in the cryptocurrency market today has been steeper than that of Ethereum (ETH) and other altcoins. According to data from TradingView, the total cryptocurrency market capitalization (TOTAL) is down 2.43% to approximately $2.4 trillion. In contrast, the market cap excluding Bitcoin (TOTAL2) has fallen by a smaller 1.68% to $977.91 billion. The market cap of all cryptocurrencies excluding both Bitcoin and Ethereum (TOTAL3) saw the mildest drop, down 1.37% to $725.73 billion. Currently, Bitcoin's market dominance is at 59.17, having decreased by 0.53%.

U.S. spot Ethereum ETFs recorded a net outflow of $78.11 million on Feb. 4, returning to net outflows after just one day, according to TraderT. No individual ETFs saw net inflows. - BlackRock's ETHA: -$57.58 million - Fidelity's FETH: -$20.53 million

Lee Eog-won, chairman of South Korea’s Financial Services Commission (FSC), has expressed a reserved stance on the government's plan to cap major shareholder stakes in crypto exchanges at 15%, Money Today reported. Speaking at a briefing before the National Assembly's National Policy Committee on Feb. 5, Lee questioned who would invest or drive innovation under a uniform cap, suggesting that ownership limits should be tiered. He noted that the exchange market is nearly a monopoly, with latecomers holding a combined market share of under 3%. Forcing companies with less than 1% of the market to diversify their major shareholder stakes would leave no one to invest, he argued, adding that various opinions on the matter need to be considered. Separately, regarding a government policy to recognize consortiums where a bank's stake exceeds "50% + 1 share" as stablecoin issuers, Lee stated that the FSC is not favoring any specific business sector.

According to CoinNess market monitoring, BTC has fallen below $71,000. BTC is trading at $70,910.01 on the Binance USDT market.

U.S. Bitcoin spot ETFs saw a total net outflow of $545.34 million on Feb. 4, according to data compiled by TraderT. This marks the second consecutive day of net outflows, with no individual ETF recording a net inflow. - BlackRock (IBIT): -$373.83 million - Fidelity (FBTC): -$86.44 million - Ark Invest (ARKB): -$31.72 million - Franklin Templeton (EZBC): -$6.38 million - VanEck (HODL): -$5.20 million - Grayscale (GBTC): -$41.77 million

Binance Co-CEO He Yi has sarcastically commented on a boycott and withdrawal campaign targeting the exchange that has been spreading within parts of the crypto community. She noted that assets held in Binance addresses have actually increased since the campaign began, adding that attempts at regular withdrawals from all exchanges are not a bad idea as a form of stress test. Yi also advised users to double-check addresses during withdrawals, as on-chain transfer errors are irreversible. She suggested that for those anxious about using Binance Wallet or Trust Wallet, a hardware wallet could be a viable option. The campaign stems from widespread mistrust within the crypto community, leading some users to attempt mass withdrawals from Binance to self-custody wallets and contributing to ongoing FUD (Fear, Uncertainty, and Doubt) around the exchange.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $270 million liquidated (83.69% longs) - ETH: $180 million liquidated (66.33% longs) - SOL: $70.52 million liquidated (93.06% longs)

South Korea's Korea Insurance Institute announced today it will launch a pilot program to accept stablecoins for course fee payments. According to a report by Etoday, this marks the first time an educational institution in the country has accepted stablecoin payments. The new payment option will be available starting Feb. 9. Payments can be made using USDT and USDC, which the institute plans to replace with a won-denominated stablecoin once relevant legislation is passed.

According to CoinNess market monitoring, BTC has fallen below $72,000. BTC is trading at $71,974.35 on the Binance USDT market.

Multichain middleware platform Bifrost (BFC) has partnered with blockchain-based fintech startup Moin (MOIN) and Japanese blockchain project Japan Open Chain (JOC), the company announced via X. Bifrost stated that it will build a practical global stablecoin payment system by leveraging Moin's payment network, local Japanese infrastructure, and its own cross-chain layer.

Hong Kong's asset management industry could double in size if it adopts tokenized finance and cryptocurrency infrastructure, according to a joint white paper by Boston Consulting Group (BCG), Aptos (APT) Labs, and Hang Seng Bank, The Block reported. The paper, which is based on the results of Phase 2 of the Hong Kong Monetary Authority's (HKMA) e-HKD+ pilot project, presents a tokenization strategy for the structural expansion of the asset management industry. The report assessed that the pilot's results show token-based financial infrastructure is not only technically feasible but also commercially competitive.

Startale, a Web3 joint venture between Sony and the Astar Foundation, has launched Strium, a Layer 1 blockchain designed to support forex (FX), tokenized stocks, and real-world asset (RWA) trading and infrastructure, Cointelegraph reported. Strium provides a blockchain-based infrastructure that enables 24-hour trading and instant settlement. The platform will initially support trading in synthetic assets based on U.S. and Japanese stocks and commodities, with plans to expand into tokenized stocks and asset-backed tokens for users who complete Know Your Customer (KYC) verification.

An anonymous whale has sold off significant ETH and SOL holdings at a substantial loss, EmberCN reported. About four hours ago, the whale deposited 96,585 ETH and 334,000 SOL to an exchange. The ETH, purchased last July for an average price of $3,363, was sold at around $2,222, resulting in an estimated loss of $110 million. The SOL, acquired last October at an average of $186 per token, is believed to have been sold for a loss of $30.78 million. Following these transactions, the address now holds only 58.34 million USDC.

Blockchain-based intellectual property (IP) project Story (IP) has signed a strategic partnership with Web3 entertainment company Witch (WITCH), the Korea Economic Daily reported. The two companies plan to leverage Story's programmable IP infrastructure to expand "WAVIST," the real-world asset (RWA) marketplace operated by Witch, into a global K-culture RWA platform.

Binance has stated that a cease and desist letter circulating online, which demanded the removal of posts about its alleged bankruptcy, is a fake document, The Block reported. On Feb. 4, a post on X claimed the exchange was insolvent and would cause a greater shock than the collapse of FTX. The author of the post later shared an image of what they claimed was a cease and desist letter from Binance. The document threatened legal action if the post was not removed. Binance denied sending the letter, stating that the document was a fabrication and that it had not demanded the post's removal or threatened legal action.

Multicoin Capital co-founder Kyle Samani reportedly stated he no longer believes in the vision of Web3, a comment made before he announced his resignation. Prior to the announcement, Samani posted on X that crypto was not as fundamentally interesting as he and other crypto enthusiasts had hoped. He described blockchain as merely a ledger that, while it would reshape finance, would not have many roles beyond that. Samani noted that DePIN (Decentralized Physical Infrastructure Networks) is noteworthy. He added that while the value of crypto would increase, the answers to all interesting questions, with the exception of on-chain confidentiality, have already been found. The post was deleted shortly after being published.

South Korea's Financial Services Commission (FSC) plans to strengthen its response to new types of crime, such as virtual asset money laundering, by expanding the Travel Rule. In a briefing to the National Assembly's National Policy Committee on Feb. 5, the FSC announced it would enhance its framework for tackling offenses like cross-border crime and digital asset money laundering, Digital Asset reported. The commission is currently pushing to expand the Travel Rule to cover transactions under 1 million won ($680), a threshold that is currently set at 1 million won or more. Additionally, the FSC stated it would support data integration and utilization to foster AI transformation and digital innovation within the financial industry, and would work to establish a comprehensive regulatory system for digital assets.

Ethereum (ETH) founder Vitalik Buterin sold 2,779 ETH over the past three days for $6.22 million, at an average price of $2,238, Onchain Lens reported.

Trend Research, which has been accumulating Ethereum (ETH) since last November, has sold 188,500 ETH ($426 million) at a loss this month, EmberCN reported. The average selling price was $2,263. Following the sale, the firm repaid 385 million USDT to lower its leverage. The liquidation price for many of its ETH-backed loan positions is now concentrated around $1,640. Trend Research still holds 463,000 ETH, worth $998 million, with an average purchase price of $3,180. To date, the firm has realized losses of $173 million and has an unrealized loss of $474 million.

CoinMarketCap's Altcoin Season Index has risen two points from yesterday to 31. The index is calculated by comparing the price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, against Bitcoin over the past 90 days. An altcoin season is declared when 75% of these top coins outperform Bitcoin during that period, while the opposite is considered a Bitcoin season. A score closer to 100 is indicative of an altcoin season.

U.S. crypto firms have proposed a new compromise on the contentious issue of stablecoin compensation within the market structure bill known as the CLARITY Act, Bloomberg reported. The proposal includes measures to simplify the path for regional banks to issue stablecoins directly and a mandate requiring stablecoin issuers to deposit a portion of their reserves with these banks. However, a final agreement has not yet been reached. The banking industry has expressed concerns that if crypto exchanges like Coinbase or stablecoin issuers offer compensation on stablecoins, it could lead to customer fund outflows and negatively impact traditional banks. Negotiations between the crypto and banking sectors are currently underway at the White House and in Congress to find a resolution. U.S. Senate Banking Committee Chairman Tim Scott maintained an optimistic outlook, stating that the bill could strike a balance between the two industries. A prior private meeting among Senate Democrats was also reported to have yielded positive results.

BitMEX co-founder Arthur Hayes deposited 3.63 million ENA and 332,226 PENDLE to Galaxy Digital and Binance, Onchain Lens reported. Each token deposit is worth approximately $500,000. Over the past two days, Hayes also purchased 96,116 HYPE for about $3.42 million. He currently holds 161,271 HYPE, worth an estimated $5.78 million.

The Fear & Greed Index from crypto data provider Alternative fell two points from yesterday to 12, continuing the 'Extreme Fear' stage. The index indicates extreme market fear as it approaches zero and extreme optimism as it approaches 100. The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Discussions surrounding the U.S. crypto market structure bill (CLARITY Act) are overly focused on stablecoin revenue while neglecting concerns about privacy violations, BeInCrypto reported. The outlet noted that as the bill clarifies legal roles, intermediaries like exchanges will likely establish intensive surveillance systems voluntarily to avoid regulatory pressure. This could lead to the delisting of privacy coins and the abandonment of technical anonymity. BeInCrypto also pointed out that because the bill fails to provide specific standards for on-chain privacy, the core value of privacy—a philosophical foundation of cryptocurrency—could be undermined without proper public debate.