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News Preview:
The White House will convene a meeting with banks and crypto companies on February 2nd (Eastern Time) to reach a legislative compromise;
Aster will launch its sixth phase airdrop on February 2nd, distributing 0.8% of the total supply;
The Zama privacy protocol's token generation event is scheduled for February 2nd;
Crypto wallets Rainbow and DeFi project YO Protocol plan to conduct TGE on February 5th;
On February 6th at 21:30, the US will release January unemployment rate, January seasonally adjusted non-farm payrolls, and the final value of the 2025 non-farm employment benchmark change (not seasonally adjusted);
Strategy will announce its Q4 2025 financial report and hold a video conference on February 6th.

On January 30, 2026, the precious metals market experienced a major crash, with spot silver dropping 30% in one day and gold falling 9%. This volatility was triggered by Trump's nomination of Waller as Federal Reserve Chair. The market's reaction to the policy shift led to a strong rebound in the US dollar, significantly reducing the appeal of gold and silver. At the same time, the gold and silver markets saw large-scale sell-offs due to overbought conditions and forced liquidations. Market analysis suggests that if Waller successfully takes office, it could stabilize the dollar, but gold and silver will face a prolonged adjustment period.

Privacy tokens often become the focus of speculation at the end of each bull market, reflecting the market's conflicting privacy demands and regulatory pressures. Historically, privacy tokens like ZEC and XMR have sparked heated discussions due to technological innovations, but in practical applications, privacy needs have not been fully met. Behind the current hype around privacy tokens, there is a complex interaction between regulation and market sentiment, leading to investors' repositioning behaviors. The future of privacy tokens still requires exploration of their true application scenarios and value.

Polymarket's token sale prediction markets show that prediction accuracy is not reliable and actually exhibits systematic over-optimism. An in-depth analysis of 231 markets found that the prediction accuracy one week before closing was only 66.7%. High trading volume in the market is often a contrarian signal, indicating a greater risk of collapse. Investors should remain cautious of over-optimism to avoid significant losses.

Recently, the open-source project Clawdbot (now called Moltbot) has quickly gained popularity, aiming to provide a resident AI agent that automatically performs tasks and connects to Web3. It lowers the barrier to Web3 participation through self-hosting and multi-channel access, and can help with monitoring and automation. However, users should be cautious of security risks, set permissions reasonably, and ensure privacy safety. The agent can serve as an assistant but should not become an asset manager.

Original author: Huang Wenjing, Yan Xuesong
Introduction
Looking back at the beginning of 2026, 2025 was a year of transformation in the crypto world—Bitcoin reached new highs, key projects were launched one after another, and the market steadily moved upward in a rational manner. More profound changes stem from the maturing of global regulation: stablecoins, licensing, and anti-money laundering rules have been clearly implemented in multiple countries, injecting long-awaited certainty into the industry.
Among them, the EU MiCA regulation was fully implemented at the end of 2024, entering a critical phase of enforcement in 2025. This unified framework covering 27 countries acts like a beacon, delineating compliance boundaries while illuminating new growth opportunities. When the transition periods officially ended in many countries in the fourth quarter of last year, the European market had become calm and restructured—68 new licensed institutions entered the scene, traditional VASPs successfully transformed into CASPs, and new forces also made a strong debut.
For entities holding licenses to provide crypto asset services under the 36-month MiCA period

Digital collectibles, everyone is probably no stranger to them. Before 2021, domestic players called them NFTs; after 2021, domestic players called them digital collectibles.
Rewinding to March 2021, Beeple's digital artwork sold for $69 million at Christie's auction house, allowing the global market to see the true value of NFTs for the first time and making this narrative a new focus beyond crypto assets.
This wave quickly spread to China. Starting in the second half of 2021, major domestic companies began to test the waters one after another: Tencent's "Huanhe" launched in August 2021, digital collectible business under the AntChain ecosystem had already begun to promote and gradually form the "Jingtan" brand in 2021, and JD.com's "Lingxi" was launched at the end of 2021. Subsequently, in the first half of 2022, a large number of small and medium platforms flooded in, further accelerating industry expansion. According to industry data, by June 2022, China had

Original Author: Shao Jiadian Lawyer
Introduction
In recent years, during the compliance discussions surrounding crypto payments and stablecoin projects, the Australian DCE (Digital Currency Exchange) has often been viewed as a relatively "friendly" entry point: no financial license is required, as long as registration is completed with AUSTRAC and an anti-money laundering system is established, enabling the operation of cryptocurrency and fiat currency exchange services.
However, if we continue to apply this understanding from the perspective of 2026, the judgment may often be biased. This is because what is happening in Australian regulation is not an adjustment to a single "license," but a reconstruction of the overall regulatory logic for virtual asset services.
The real questions that need to be answered have shifted from "Is DCE easy to do?" to: under the new regulatory structure, what is the position of DCE? What problems can it still solve, and what problems are it clearly unable to solve?

Author: Viee, Amelia | Biteye Content Team
On January 29, 2026, gold experienced its largest single-day drop of 3%, marking the biggest decline in recent times. Just a few days earlier, gold had broken through $5,600 per ounce to hit a new high, and silver also followed the upward trend. The year 2026 has just begun and has already far exceeded JPMorgan's mid-December expectations.
Data source: JPMorgan
In contrast, Bitcoin remains within a weak correction zone, showing continued divergence from the market performance of traditional precious metals. Despite being called "digital gold," Bitcoin still seems unstable. During periods of inflation, war, and other traditional factors that favor gold and silver, it instead behaves more like a risk asset, fluctuating with risk appetite. Why is this the case?
If we cannot understand Bitcoin's actual role within the current market structure, we cannot make reasonable asset allocation decisions.
Therefore, this article attempts to analyze from multiple angles.

Hyperliquid enters a new phase in 2026, focusing on whether sustainable value can be achieved. Its profit structure shifts from traffic-driven to cash flow-driven, generating stable income through transaction fees, and enhancing value through buyback mechanisms and locked tokens. The team unlock process is smoothly released to reduce market pressure, and market share depends not only on trading volume but also on open interest contracts. Despite its advantages, caution is needed regarding risks caused by declining trading activity. Overall, Hyperliquid aims to build a business model with cash flow and returns.

I wrote my first line of smart contract code during the ICO frenzy of 2017. As a seasoned builder who has lived through 2026, experienced “94”, DeFi Summer, NFT craze, FTX collapse, and countless “cryptocurrency is dead” debates, I have seen countless project founders “kill themselves” in a thousand ways. I found that in this long Crypto journey, the definition of “winning” has never been about how many billions your FDV hit on TGE day or whether you achieved a grand slam. It’s about whether you are still fighting against the entire world for your sovereignty consciousness. Every team with a slight technical background or some resources can at least issue a coin once. Even if the code is forked, or the white paper is written by GPT, as long as it’s launched during the bull market, or relies on someone’s support, or you have the surname Trump, anyone can become a fleeting “unicorn”.

Summary: A Fish CoolFish
Source: Hoover Institution
Note: The original video was recorded in May 2025
Host: Welcome to "Extraordinary Insights." I am Peter Robinson. Kevin Wash was born in northern New York, graduated from Stanford University, and later earned a law degree from Harvard University. Mr. Wash's early career included positions on Wall Street and in Washington. In 2006, President George W. Bush appointed him to the Federal Reserve Board, where he served until 2011. Notably, Mr. Wash served as a Federal Reserve Governor during the 2008 financial crisis—which was arguably the most severe financial storm in over half a century. Today, Mr. Wash commutes between New York and Stanford: he works at an investment firm in New York and is a researcher at the Hoover Institution at Stanford University.
Kevin, welcome back.

As the crypto market attracts traditional financial liquidity, on-chain stocks and perpetual contracts are emerging as new trading tools. Tokenized stocks issued on the platform cater to traders who are not connected to the traditional financial system, driving concentrated trading volume. The on-chain technology stack is rapidly taking shape, and in the future, a global unified margin network will be formed. Time is of the essence; all parties need to seize the regulatory gap, quickly deploy strategies, and win the competition.

Author: Huobi Growth Academy
Summary
Stock contracts, as innovative products connecting traditional financial markets with the crypto derivatives system, are rapidly reshaping on-chain trading patterns. We will delve into the product essence, growth logic, technical architecture, and market ecology of this emerging sector, and systematically analyze the regulatory challenges and future prospects it faces. Research shows that perpetual stock contracts are not merely a simple conceptual innovation but are built on the foundation of over $160 trillion in global stock market capitalization, combined with the structural opportunities of mature perpetual contract trading paradigms. Currently, leading Perp DEXs represented by Hyperliquid, Aster, and Lighter have taken the lead in establishing a complete stock perpetual product matrix, forming a clear advantage in trading depth, user experience, and asset coverage. However, regulatory uncertainty remains the biggest constraint in this sector, and exploration of product compliance pathways is ongoing.