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According to Coinglass data, Bitcoin has rebounded strongly, rising above $71,000. Currently, the funding rates on major CEX and DEX have turned positive, approaching neutrality, and bearish sentiment has significantly eased.The specific funding rates for major cryptocurrencies are shown in the attached image. Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders; the trading platform does not charge this fee, which is used to adjust the cost or profit of traders holding contracts, keeping the contract price close to the underlying asset price. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

According to a report by Bloomberg, a working paper from the European Central Bank warns that the widespread adoption of stablecoins poses significant risks to the banking sector in the eurozone and the monetary policy sovereignty of the European Central Bank, particularly for stablecoins pegged to foreign currencies like the US dollar.The paper points out that the rapid expansion of stablecoins could trigger a reallocation of retail bank deposits towards digital assets, constraining banks' ability to act as credit intermediaries and increasing uncertainty in the transmission of policy rates to loan volumes. If a mature stablecoin market is dominated by non-euro-denominated instruments, the risks will be further amplified. The President of the Dutch Central Bank stated that stablecoins, due to their reserve management methods, could pose risks to the core of the financial system. The President of the German Central Bank had previously praised euro-denominated stablecoins for payments.

The prediction market recorded a total trading volume of $23.4 billion in February, a decline of about 12% from January's record $27.1 billion, ending a five-month upward trend and marking the first monthly drop since August 2025. The decline was mainly dragged down by the BNB Chain platform Opinion, whose trading volume plummeted from over $10 billion to $3.1 billion. Notably, the authenticity of Opinion's data has previously been questioned.Meanwhile, the performance across platforms was mixed. Kalshi's trading volume rose to a historic high of $9.8 billion, further solidifying its leading position in the industry; Polymarket saw a slight increase, rising from $7.7 billion to $7.9 billion.In recent years, the prediction market has evolved from a niche tool to a mainstream financial application, widely used for event predictions such as elections and economic indicators.

According to CoinGlass data, the market activity of gold (XAUT) and silver (XAG) has significantly increased. Among them, the trading volume of XAUT contracts exceeded $3.684 billion, with an increase of 80.88%; the trading volume of XAG contracts surpassed $3.651 billion, with an increase of 71.05%, and the total open interest across the network is approximately $247 million. Notably, the trading volume of XAUT contracts on the Gate platform exceeded $94.2 million, ranking third globally; the open interest of XAG surpassed $20.45 million, ranking among the top three globally; and the number of XAG contract trades exceeded 455,800, ranking second globally.Gate has pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, which offers users greater strategic flexibility and asset management efficiency in volatile markets. Additionally, Gate TradFi offers XAUUSD (gold) and XAGUSD (silver) contract for difference trading, being the first in the industry to launch a multi-leverage trading mechanism. The first batch includes XAUUSD20 (gold 20x), XAUUSD100 (gold 100x), and XAUUSD200 (gold 200x) contract for difference products, along with new silver products XAGUSD10 (silver 10x), XAGUSD20 (silver 20x), and XAGUSD50 (silver 50x), further optimizing the overall trading experience while enhancing strategic flexibility.

According to Crypto Briefing, JPMorgan CEO Jamie Dimon recently stated on CNBC that he supports the development of blockchain technology but emphasizes that stablecoin rewards should adhere to the same regulatory standards as traditional banking products. He believes that any company holding customer funds and paying interest is essentially engaged in banking and should be subject to appropriate regulation.Dimon suggested that rewards could be offered on transactions rather than balances as a compromise. Currently, the Senate Agriculture Committee has passed parts of the market structure bill, which aims to clarify the jurisdiction of the SEC and CFTC, requiring customer funds to be segregated and proof of reserves.

According to Jinshi, the U.S. short-term CPI swap surged significantly, with the 1-year contract rising by 11 basis points to 2.62%.

According to Gate market data, European stocks opened lower, with the German DAX index and the Euro Stoxx 50 index both down over 2%, the French CAC 40 index down 1.34%, and the UK FTSE 100 index down 0.68%. The Spanish IBEX 35 saw a decline of 3.15% during the day.

White House Crypto and AI Director David Sacks stated, "White House Cryptocurrency Council Executive Director Patrick Witt has done an outstanding job mediating compromises between banks and the crypto industry. No one has worked harder than him to push for the passage of crypto market structure legislation.By the way, the crypto industry has made significant concessions on stablecoin yields, and now it's time for banks to respond accordingly."

Current SEC Chairman Paul Atkins criticized former Chairman Gary Gensler for not attempting to adapt to innovation during his tenure at an event at the University of Texas, stating that the U.S. has missed significant opportunities in the cryptocurrency space and is now trying to catch up.Paul Atkins noted that since the Trump administration, the SEC has shifted to a more industry-friendly stance, establishing a cryptocurrency task force, dismissing several enforcement cases against large institutions, and launching Project Crypto to update regulations. Paul Atkins emphasized the potential of distributed ledger technology in payment clearing and settlement, and revealed that the SEC has approved WisdomTree's 24/7 settlement tokenized money market fund, with plans to further promote tokenized bank deposits.

The Gate Research Institute recently released the report "Cryptocurrency Market Review for January 2026," which points out that in January, the market capitalization distribution of stablecoins on public chains remains highly concentrated. Ethereum accounts for more than half of the share, continuing its position as a core clearing and DeFi liquidity hub; Tron firmly holds second place, playing a key role as a high-frequency settlement channel in cross-chain payments and token transfers.In terms of macro assets, gold and silver prices have risen to historical highs, driving significant expansion in the tokenized commodity sector. The total market capitalization of related tokens has surpassed $5 billion, with an increase of over 35% in the past 30 days, and monthly on-chain transfer volume exceeding $13 billion, with gold-related tokens being the main growth driver. Meanwhile, the trading volume in prediction markets reached a new high of $12 billion in January, with total on-chain transaction fees exceeding $11 million. With the support of incentive mechanisms and short-cycle high-frequency contracts, trading activity and protocol revenue have both increased.On the capital side, the Web3 industry completed a total of 53 financing rounds in January, with a cumulative scale of approximately $1.82 billion, primarily flowing into blockchain services and CeFi-related sectors.In terms of security, Web3 risk events exhibit a "few large amounts, dispersed small amounts" loss structure. Contract vulnerabilities remain the primary source of risk, accounting for 34.5%; among them, Step Finance suffered a supply chain attack, resulting in asset losses of approximately $40 million, making it the largest security incident of the month.

According to GMGN data, the top 5 tokens with net inflows from KOL in the past 24 hours are as follows:DOH (DGhY....ump): Net inflow of $5,000, with a 24-hour increase of 7671.7%, currently priced at $0.0002.KURO (7H2k....BLV): Net inflow of $1,000, with a 24-hour increase of 135%, currently priced at $0.0004.Lobstar (AVF9....ump): Net inflow of $1,000, with a 24-hour decrease of -31.1%, currently priced at $0.0028.PeaceClaude (CrTT....ump): Net inflow of $1,000, with a 24-hour increase of 564.6%, currently priced at $0.0001.STANCIL (E6zf....ump): Net inflow of $940, with a 24-hour increase of 3.7%, currently priced at $0.0002.

According to Bloomberg ETF analyst James Seyffart, 13F filing institutions have collectively reduced their holdings in Ethereum spot ETFs, with hedge funds concentrating their selling due to the collapse of basis trade returns; traditional/long-term funds are increasing their positions against the trend, with Harvard's endowment fund being the largest new buyer this season.

According to Jin Ten, Fed's Goolsbee stated that interest rates can be lowered, but he does not want to make significant cuts before inflation eases.

Bloomberg senior ETF analyst Eric Balchunas posted on the X platform, stating that yesterday, Bitcoin ETFs attracted about $500 million in inflows, marking the largest single-day increase in recent times. Over the past two days, the total inflow has reached approximately $750 million, coinciding with a period of strong pessimism in the market. He described this influx of funds as "hitting a home run during a slump in the game," providing a boost to the market.Year-to-date, Bitcoin ETFs have still seen a net outflow of less than $2 billion, but it remains unclear whether this marks the beginning of a true rebound or just a temporary "dead cat bounce."

According to market news, Bitcoin's recovery today is closely related to a similar rebound in the U.S. stock market, with artificial intelligence and tech stocks leading the market higher. The tech-heavy Nasdaq index led the gains, rising by 1.05%, while the S&P 500 index increased by 0.68%. The Dow Jones Industrial Average rose by 421 points, closing up 0.86% on Tuesday. Analysts point out that the correlation between Bitcoin and gold, as well as U.S. stocks, is currently at its lowest level since the FTX incident in 2022.Despite gold rising 51% over the past six months while Bitcoin has fallen 43%, on-chain data firms believe that this extreme divergence historically indicates significant upside potential. Additionally, the Coinbase premium index turned positive for the first time since January 15, accompanied by a net inflow of $258 million into spot ETFs on Tuesday, indicating that U.S. institutional buying is returning. QCP Capital founder Darius Sit stated that this divergence reflects changes in liquidity driven by position liquidations and leverage, rather than a failure of Bitcoin's long-term narrative.

According to Jinshi, U.S. President Trump stated that interest rates should be significantly lowered when mentioning the candidates for the Federal Reserve Chairman.

The Ethereum Foundation has announced the establishment of the Platform Team, aimed at building the most powerful Ethereum platform possible, enabling better support for users, applications, and all organizations built on Ethereum at both the L1 and L2 layers.Improving the relationship between L1 and L2 layers to create a mutually reinforcing system across various levels. The Foundation stated that since the introduction of the rollup-centric roadmap five years ago, a chain ecosystem has developed around the Ethereum L1 layer. The early rollup mindset has been replaced by differentiated L2 layer networks, each possessing unique and valuable economic systems, thereby extending Ethereum's core characteristics to millions of users.As Ethereum matures, the Foundation believes that more measures must be taken to build a unified platform that can fully leverage the unique advantages of the Ethereum system (L1 + L2). This includes enhancing the value proposition of L2, optimizing the adoption drivers for L2, enabling it to create value for Ethereum more broadly, guiding the ecosystem towards a more secure, permissionless architecture, and simplifying the process for users and institutions to adopt Ethereum.More importantly, building a strong Ethereum means driving technological improvements to reinforce and enhance Ethereum's core characteristics and unique advantages.

According to The Block, Coinbase's incubated Ethereum Layer 2 network Base has announced its separation from Optimism's Superchain ecosystem, shifting to a unified tech stack operated by Base, and abandoning external dependencies on OP Stack as well as Flashbots and Paradigm.This change aims to reduce the coordination overhead of maintaining code across multiple teams, simplifying the system through optimizations based on open-source components like Reth, while maintaining the "Stage 1" rollup status. It plans to be temporarily compatible with OP Stack, but future hard forks will require migration to the new Base client. The upcoming hard fork includes Base V1 (supporting Fusaka and switching to TEE/ZK proofs), and subsequent versions will synchronize with the Ethereum Glamsterdam upgrade; the blog emphasizes the protocol's openness and welcomes alternative implementations.

According to The Block, Coinbase's Ethereum Layer 2 network Base announced that it will no longer rely on Optimism's OP Stack and Superchain architecture, instead opting for a "unified stack" operated independently by Base.According to the official blog, Base will integrate core components that were previously scattered across multiple teams and code repositories (including key modules like the sequencer) into a unified codebase "base/base" to reduce coordination and maintenance costs, and to optimize deeply for its own needs.At the same time, Base will also reduce its external dependencies on Flashbots, Paradigm, and others. In terms of governance, Base will adjust the security committee structure, replacing the original Optimism-related seats with newly added independent signers.Despite the shift towards an autonomous technical architecture, Base stated that the protocol will remain open source and publicly standardized, welcoming third-party developers to create independent clients and maintain cross-upgrade compatibility. Base is currently the largest network in the OP Stack Superchain ecosystem.

According to Jinshi News, the Federal Reserve's meeting minutes show that at the January meeting, Roberto Perli, the manager responsible for the Federal Reserve's financial market operations, pointed out that the trading department of the New York Fed conducted a "currency check" on the USD/JPY exchange rate, after which the dollar significantly depreciated. After the release of the meeting minutes, the USD/JPY briefly plummeted over 40 points, reaching a low of 154.33.