| Open‑Source Intelligence for Crypto | | | Crypto Signals Daily | | | | |
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Bitcoin Sell-Off Deepens on Macro and Liquidity Fears; Ethereum, Solana Bearish |
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February 2, 2026 |
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Today’s Setup
Crypto Markets Face Broad Selling Amid Macro and Security Risks
Bitcoin Decline: BTC price crashes below $75k with $1.3B liquidations; institutional outflows and liquidity drought compound sell-off. Ethereum and DeFi Stress: ETH slides to $2,300 amid $1.16B liquidations; major whales sell $371M ETH to repay Aave loans, signaling caution. Security Concerns: Step Finance suffers $27M hack, triggering Solana price drop below $100; CrossCurve bridge exploited for $3M.
Watch: Polymarket faces US regulatory hurdles after Nevada court bans contracts; $790M crypto ETF outflows feed market risk-off sentiment.
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Top Stories
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Bitcoin Slumps Below $75K Amid $1.3 Billion Liquidations and ETF Outflows
Bitcoin’s price fell sharply to near $74,500 as a $1.3 billion liquidation event coincided with $2.8 billion pulled from Bitcoin ETFs in two weeks. Macro economic pressures including US labor data and recession fears deepen the sell-off, triggering significant losses for holders like MicroStrategy and elevated derivatives stress signals.
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Ethereum Falls to $2,300 with $1.16 Billion Liquidated; Whales Repay Aave Debt
Ethereum led liquidations amid the market downturn with $1.16 billion wiped out, dropping to $2,300. Meanwhile, two major whales sold $371 million in ETH over two days to repay loans on Aave, the largest decentralized lending protocol, reflecting growing risk aversion.
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Solana Price Drops Below $100 Following $27M Step Finance Hack
Solana fell under $100 after a $27 million treasury breach at Step Finance led to the theft of 261,854 SOL and a 90% crash in STEP token price. The hack raised alarms about governance and security in Solana DeFi ecosystems.
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Abu Dhabi Royal-Backed Firm Acquires 49% Stake in Trump-Linked Crypto Startup for $500M
An investment vehicle backed by Sheikh Tahnoon bin Zayed al-Nahyan acquired a 49% stake in World Liberty Financial, a Trump family crypto venture, for $500 million, stirring ethical questions and regulatory scrutiny in the US.
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US Treasury Sanctions Two UK Crypto Exchanges Linked to Iran’s IRGC
Zedcex and Zedxion, two UK-registered crypto exchanges, were sanctioned by the US Treasury for processing nearly $1 billion in transactions tied to Iran’s Islamic Revolutionary Guard Corps, marking a first in blacklisting entire digital asset platforms for Iran-related sanctions.
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| Also on the Wire |
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• Crypto theft surged to $370 million in January, the highest total in 11 months, driven largely by phishing scams and major exploits including Step Finance and Truebit.
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Cointelegraph
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• CrossCurve DeFi protocol suffered a $3 million cross-chain bridge exploit exploiting spoofed messages, prompting investigation and potential legal action.
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Cointelegraph
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• India’s 2026 budget maintains a 30% crypto tax and adds a $545 penalty for unreported crypto transactions, continuing regulatory pressure on holders.
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CoinDesk
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• Nomura's crypto subsidiary Laser Digital posted losses while applying for a US bank charter to expand institutional custody and staking services.
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BeInCrypto
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• Polymarket integrated with Solana via Jupiter DEX with a $35 million investment, though a Nevada court issued a temporary restraining order blocking contract offerings.
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CoinDesk
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• Hong Kong positions itself as a global cryptocurrency hub amid growing regional regulatory clarity, according to a local lawmaker.
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CoinDesk
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• Bitcoin wallets active from 2010 to 2017 moved nearly 5,000 BTC (~$383 million) in January after years of dormancy, signaling renewed interest in legacy coins.
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Bitcoin News
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• BitRiver CEO Igor Runets detained on multiple tax evasion charges; he was placed under house arrest as legal pressures mount.
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CryptoNews
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