Morning News | Jupiter will integrate Polymarket; Bitcoin briefly fell below the Strategy cost price; UAE royal family member acquires 49% stake in WIFI for $500 million
Overview of Important Market Events on February 1整理：ChainCatcher
Important News:
- DCG Founder: Market downturn can clear leverage and junk tokens, large-scale capital rotation is about to begin
- Bitcoin briefly drops below Strategy cost price of $76,037 for the first time since October 2023
- Base network experienced intermittent trading delays this morning, currently the official claims overall stability has been restored
- Jupiter announces integration with prediction market Polymarket
- Vitalik: Creator token incentives have limited effects, the core issue is insufficient quality content filtering
- UAE royal family member secretly acquires 49% stake in Trump-owned World Liberty Financial for $500 million
- Zhao Changpeng responds to polarized public opinion: may be influenced by market bull-bear cycles and changes in industry environment and market sentiment
What important events happened in the past 24 hours?
U.S. House Speaker: Confident of securing enough votes to end partial government shutdown by Tuesday
According to ChainCatcher, citing NBC News, U.S. House Speaker Johnson expressed confidence in securing enough votes to end the partial government shutdown by at least Tuesday.
ChainCatcher reports that Vitalik Buterin discussed the design philosophy of creator coins on the X platform, pointing out that the overall effectiveness of content incentives in the crypto industry over the past decade has been limited. The core issue is not a lack of content supply, but rather insufficient mechanisms for filtering and discovering quality content. In the current context where AI can generate large amounts of content at low cost, the industry's goal should shift from "incentivizing more content" to "identifying and amplifying high-quality content."
Vitalik believes that Substack is a relatively successful case of creator incentives, with the key being the platform's active selection and support of quality creators rather than relying solely on mechanism design. He noted that existing creator token projects generally face a structural issue of "high social influence users dominating the rankings," which does not truly reflect content quality.
On the proposal front, Vitalik suggested establishing a non-tokenized creator DAO, where members vote to select creators while maintaining clear content positioning and scale control to build stable branding and commercial bargaining power. At the same time, creators would be allowed to issue personal tokens, which, if they enter the creator DAO, could be repurchased and burned using DAO profits, transforming the role of speculators into "quality creator predictors," thereby reducing pure speculative cycles and enhancing quality content filtering efficiency.
Vitalik stated that future effective governance mechanisms may increasingly combine prediction markets and multi-party governance structures to enhance system resistance to manipulation and goal consistency.
ChainCatcher reports that, according to on-chain analyst Yu Jin's monitoring, the current costs and profit-loss status of several institutions are as follows:
- MicroStrategy: The current BTC price has dropped near MicroStrategy's cost line: it holds 712,600 BTC at an average cost of $76,037. Floating profits have almost evaporated, and a further drop of $3,000 would officially "trap" them.
- Tom Lee's Bitmine: Holds 4.243 million ETH at an average cost of $3,849. Bitmine has been "trapped," but with ETH now at $2.4K, the floating loss has reached a record high of $5.92 billion. Losses have exceeded one-third (-36%).
- Yi Lihua's Trend Research: Holds 651,500 ETH at an average cost of about $3,180, currently facing a floating loss of $475 million. Due to added borrowing leverage, their ETH positions have a liquidation price around $1,880, approximately $570 away from the current price.
Michael Saylor releases Bitcoin Tracker information again, may disclose increased holdings next week
ChainCatcher reports that Strategy founder Michael Saylor has released Bitcoin Tracker-related information again, stating: "More Orange."
According to previous patterns, Strategy always discloses increased Bitcoin holdings the day after related news is released.
DCG Founder: Market downturn can clear leverage and junk tokens, large-scale capital rotation is about to begin
ChainCatcher reports that in response to the downturn in the crypto market, DCG founder and CEO Barry Silbert stated, "This is a blessing from the cryptocurrency gods. Clearing leverage and junk tokens. A large-scale capital rotation is about to begin; it's time to choose your investment targets. My choices are BTC, ETH, SOL, ZEC, TAO, Bittensor subnet tokens."
Bitcoin briefly drops below Strategy cost price of $76,037 for the first time since October 2023
ChainCatcher reports that Bitcoin's price briefly dropped below the Strategy holding cost of approximately $76,037, marking the first time since October 2023 that Bitcoin has fallen below this key cost level.
UAE royal family member secretly acquires 49% stake in Trump-owned World Liberty Financial for $500 million
ChainCatcher reports that, according to market news, a senior member of the UAE royal family secretly purchased a 49% stake in Trump-owned cryptocurrency project World Liberty Financial for $500 million.
Base network experienced intermittent trading delays this morning, currently the official claims overall stability has been restored
ChainCatcher reports that the Base official disclosed this morning that the Base mainnet experienced intermittent trading packaging delays, and users may have felt that transaction confirmation times were significantly higher than normal. However, the official emphasized that blocks were still being produced continuously, and transaction processing had not been interrupted.
The team has confirmed that the repair measures are effective, overall network stability has been restored, and a complete incident review (RCA) and public post-analysis report will be released in the coming days.
In the context of increasing network congestion, transactions may still experience delayed packaging or be dropped, and the team is advancing long-term solutions and will continue to synchronize progress.
Trump: Hopes Fed nominee Waller can lower interest rates
ChainCatcher reports that, according to Jinshi, U.S. President Trump stated that he believes Fed nominee Waller may receive votes from Democrats and hopes Waller can lower interest rates.
Zhao Changpeng responds to polarized public opinion: may be influenced by market bull-bear cycles and changes in industry environment and market sentiment
ChainCatcher reports that Dragonfly managing partner Haseeb posted on the X platform, stating that in recent months, public opinion on Binance founder Zhao Changpeng (CZ) has shown a significant reversal: he was viewed as a "hero" upon his release, while current opinions equate him with negative figures like SBF. He believes both extreme views are unreasonable but reflect an interesting phenomenon of changing market sentiment.
CZ subsequently responded that both views are overly simplistic and may be related to changes in market cycles and macro environments. For example, the crypto industry previously formed sympathy under regulatory pressure, while in a relatively friendlier policy environment, if Bitcoin does not continue to reach new highs, market sentiment may turn negative. This could also simply be a sentiment change driven by bull-bear cycles, and he stated that the team will continue to focus on building and appreciates community support.
Jupiter announces integration with prediction market Polymarket
ChainCatcher reports that Jupiter announced on the X platform that it will integrate with the prediction market Polymarket, making Jupiter an innovative prediction platform on Solana, allowing users to directly use Polymarket through the built-in "prediction" feature in the Jupiter App.
SBF tweets in support of Trump's crypto policy and criticizes Biden for "choosing Gensler as SEC Chairman"
ChainCatcher reports that FTX founder Sam Bankman-Fried (SBF) has recently tweeted multiple times, stating that U.S. President Trump is correct on cryptocurrency issues, while Biden has messed up crypto. This series of posts was made a few days after the release of former Alameda Research CEO Caroline Ellison.
Additionally, SBF praised Trump's actions on issues outside of cryptocurrency while claiming, "All the world leaders I've met are fed up with Biden; he chose Gary Gensler as SEC Chairman." According to data from the crypto prediction platform Polymarket, traders currently believe there is a 17% chance that Trump will pardon SBF before 2027.
ChainCatcher reports that CryptoQuant CEO Ki Young Ju stated on the X platform that the current decline in Bitcoin is mainly due to ongoing selling pressure and a lack of new capital. He pointed out that the realized market cap has recently flattened, indicating that there has been no significant new capital entering the market. In this environment, if the total market cap falls, it typically does not belong to a bull market structure.
Ki Young Ju further stated that due to ETF funds and Strategy's continued buying, early holders still hold significant unrealized profits and have gradually realized profits since early last year. Previously strong capital inflows once supported Bitcoin around $100,000, but currently, related incremental funds have significantly weakened. He believes that Strategy was one of the important driving forces behind this round of price increase, and if Michael Saylor does not significantly reduce holdings, the market may struggle to replicate the approximately 70% level of deep retracement seen in previous cycles. Overall, selling pressure continues, and the market bottom has not yet been clearly defined, but this bear market phase is more likely to present a wide range of oscillation patterns.
PeckShield: 16 hacking incidents occurred in the crypto market this January, with total losses reaching $86.01 million
ChainCatcher reports that PeckShield stated on the X platform that there were 16 hacking incidents in the cryptocurrency field, with total losses reaching $86.01 million. Compared to January 2025 ($87.25 million), this represents a slight year-on-year decrease of 1.42%, but compared to December 2025 ($75.95 million), it shows a significant month-on-month increase of 13.25%.
Tom Lee: The impact of the 1011 incident's deleveraging is greater than the FTX collapse, triggered by a pricing flaw from a certain CEX leading to chain liquidations
ChainCatcher reports that Tom Lee stated during a podcast episode of "The Compound" this Thursday that the current bear market was triggered by the largest deleveraging event in crypto history that occurred in October last year (larger than the FTX collapse): a pricing flaw from a trading platform triggered a chain of automatic liquidations, affecting over 2 million accounts globally, destroying one-third of market makers, and severely impacting the balance sheets of trading platforms, leading to a "limping" of the entire ecosystem.
Tom Lee also stated that the selling pressure has not completely ended, similar to the recovery in 2022 which took 8-12 weeks, but there are currently no clear rebound signals.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of February 2, 09:00,
The top five popular ETH tokens in the past 24 hours are: SHIB, LINK, PEPE, UNI, ONDO
The top five popular Solana tokens in the past 24 hours are: arc, PENGUIN, USELESS, swarms, 67
The top five popular Base tokens in the past 24 hours are: SKYA, B3, TOSHI, toby, KEYCAT
What are some noteworthy articles to read in the past 24 hours?
Strategy cost line breached, crypto market faces another "liquidation day"
On February 1, 2026, Beijing time, Bitcoin briefly dropped below $76,000, breaching the Strategy cost line for the first time in nearly two and a half years, and also falling below the $80,000 mark for the first time since April 12, 2025, just a step away from the low of around $74,500 set on April 7, 2025.
Risk warning
Risk warning
