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Bitcoin's market capitalization has dropped three places to 12th in global asset rankings, now standing at $1.64 trillion, according to data from 8marketcap. Cointelegraph noted that the cryptocurrency has been pushed out of the top 10 global assets amid a large-scale sell-off. The media outlet added that the data illustrates the significant price volatility Bitcoin has experienced in recent months.

According to CoinNess market monitoring, BTC has risen above $84,000. BTC is trading at $84,120.5 on the Binance USDT market.

Major exchanges have seen $212 million worth of futures liquidated in the past hour. In the past 24 hours, $1,451 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has risen above $83,000. BTC is trading at $83,037.73 on the Binance USDT market.

Dave Portnoy, the founder of online sports betting site Barstool Sports, has purchased an additional $1 million worth of XRP and $500,000 in BTC, U.Today reported. In a video announcement, Portnoy referenced Warren Buffett's investment advice to buy when there is blood in the streets.

Executives at Visa and Mastercard have assessed that stablecoins are currently ill-suited for everyday consumer payments, particularly in digitally advanced markets, Coindesk reported. During an earnings call this week, Visa CEO Ryan McInerney stated that the U.S. already offers various convenient methods for digital dollar payments directly from checking or savings accounts, reducing the relevance of stablecoins for such transactions. Similarly, Mastercard CEO Michael Miebach noted that while the company is investing in emerging technologies like stablecoins and AI-powered agents, the focus is more on infrastructure than innovation. He emphasized that stablecoins are simply another currency the network can support, viewing their primary use case as trading rather than payments.

According to CoinNess market monitoring, BTC has fallen below $82,000. BTC is trading at $81,956.01 on the Binance USDT market.

Major exchanges have seen $108 million worth of futures liquidated in the past hour. In the past 24 hours, $1,420 million worth of futures have been liquidated.

An address poisoning attack has resulted in the theft of $12.3 million worth of ETH, blockchain analytics firm Cyvers Alerts reported on X. The victim, who was first targeted 37 hours prior, intended to send funds to an address beginning with 0x6D90CC8C but was tricked into sending them to a malicious look-alike address starting with 0x6d9052b2.

Coinbase announced on Jan. 30 that it will list INX. Trading for the INX/USD pair will begin once liquidity conditions are met.

President Donald Trump stated that his nominee for the next Federal Reserve Chair, former Fed Governor Kevin Warsh, would cut interest rates even without pressure from the White House, according to Walter Bloomberg.

Citibank has assessed in a new report that while the crypto market structure bill (CLARITY) is a key catalyst for legalizing cryptocurrency in the U.S., its progress is being slowed by negotiations over controversial provisions. According to CoinDesk, Citibank noted that although the goal is to pass the bill in the coming months, it is increasingly likely to be delayed until after 2026. The bank identified clarifying the definition of DeFi as the biggest hurdle, with the main point of contention being when decentralized protocols, software, and their developers become regulated service providers. In contrast, the debate over stablecoin rewards is seen as having more room for compromise.

The three major U.S. stock indices have opened lower. The S&P 500 is down 0.24%, the Nasdaq Composite is down 0.32%, and the Dow Jones Industrial Average is down 0.24%.

KRAKacquisition, a special purpose acquisition company (SPAC) backed by a Kraken affiliate, has listed on the Nasdaq Global Market. The company raised $345 million in its initial public offering (IPO) by issuing 34.5 million shares at $10 apiece, The Block reported. Its ticker is KRAQU.

Ethereum staking platform Lido has launched its key staking feature, stVaults, on its mainnet. According to The Block, the feature was first introduced in February 2025 as part of Lido's V3 upgrade and subsequently tested with partners including Chorus One, P2P.org, Nansen, and Linea. stVaults are modular smart contracts that allow institutions to customize their staking configurations to ensure regulatory compliance and operational control.

The U.S. Department of Labor announced that the Producer Price Index (PPI) for December rose 0.5% from the previous month, surpassing the market forecast of 0.2%. The PPI is often considered a leading indicator for the Consumer Price Index (CPI).

Falcon Finance has launched a $50 million ecosystem fund to support the development of yield-generating infrastructure backed by real-world assets (RWA) like tokenized U.S. Treasurys and gold, the company announced on its official website. The fund will concentrate its investments in three main areas: government bonds and fixed-income products, tokenized RWA protocols, and infrastructure based on precious metals such as gold, silver, and platinum. Half of the total funds will be allocated to capital investments, with the remaining 50% structured as FF token incentives subject to vesting conditions.

Decentralized perpetual futures exchange Aster announced via X that it will begin the sixth stage of its airdrop, dubbed "Convergence," on Feb. 2. This phase, described as the most stringent of the entire airdrop, will distribute just 0.8% of the total token supply and includes a six-month lock-up and a burn mechanism. The stage six airdrop will run for approximately eight weeks until March 29, with a total of 64 million ASTER tokens to be distributed.

OKX announced that it will list ZAMA for spot trading at 1:00 p.m. UTC on Feb. 2.

Nubank, Latin America's largest digital bank that supports cryptocurrency trading, has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a branch in the United States, CoinDesk reported. Upon final approval, Nubank would be able to offer digital asset custody services alongside deposit accounts, credit cards, and lending services under the federal regulatory framework. The bank had previously initiated preparations for its U.S. expansion, pursuing the establishment of hubs in Miami, the San Francisco Bay Area, Northern Virginia, and North Carolina's Research Triangle.

Hong Kong authorities have announced plans to launch a stablecoin licensing regime and will submit a bill to the Legislative Council this year to regulate digital asset custody. Additionally, the government intends to introduce a reporting framework and amend laws to facilitate the automatic exchange of tax information on crypto assets between jurisdictions, starting in 2028.

Bybit has announced that it will list ZAMA for spot trading.

U.S. President Donald Trump has nominated former Federal Reserve Governor Kevin Warsh as the next chair of the central bank, Aggr News reported. In a post on Truth Social, Trump praised Warsh for his extensive research in economics and finance, adding that he would become one of the greatest Fed Chairs in history. While Warsh has traditionally been viewed as a monetary policy hawk, recent assessments suggest he has also shown dovish tendencies. He has consistently emphasized the Federal Reserve's independence and discipline. Within the cryptocurrency market, Warsh has faced criticism for reportedly viewing digital assets as speculative instruments that would disappear with the end of a low-interest-rate environment, while also stressing the importance of real interest rate hikes and reduced liquidity.

An accelerating exodus of Bitcoin miners could push the price below $60,000 in the medium term, Cointelegraph reported, citing data from Capriole Investments. The analysis suggests that short-term downward pressure is increasing, based on current mining costs and hashrate indicators. As of January this year, the average electricity cost to mine one Bitcoin was approximately $59,450, with the total mining cost at around $74,300. With Bitcoin currently trading near $82,000, there is still room for a price correction before miners begin to incur substantial losses. The report noted that historically, Bitcoin's price has tended to revert to a level reflecting mining electricity costs following prolonged downturns. If this pattern repeats, a potential price bottom could form between $59,000 and $74,000.

Decentralized exchange Aster has announced a trading competition for users of its Shield Mode feature with a total prize pool of $15,000. The event will run from Jan. 30 to Feb. 8. The first-place prize of 10,000 USDF will be awarded to the trader who records a profit of over $50,000. An additional $5,000 will be distributed among all participants who make at least one profitable trade during the competition. Aster's Shield Mode features private order execution, zero slippage, fees charged only on profits, and leverage of up to 1,001x.