Your Daily Crypto - 4th Feb


Today’s Top Caps

BTC $72K (-3.9%)

ETH $2115 (-3.6%)

USDT $1

BNB $714 (-4.9%)

XRP $1.51 (-2.8%)

Source: Coinmarketcap

 

Today's Top Gainers

HYPE, MYX, ATOM, OP, NIGHT

Source: Coinmarketcap 24HR Top100

 

Top ETF Tracker

BTC -272M, ETH +14M,

SOL +1M, XRP +19M.

Source: Coinmarketcap / Coinglass

 

Today's Top Headlines

Binance announced they’ve bought another $100M of Bitcoin a day after rumours of a ‘Bank Run’ on them emerge.

“Binance has completed the second batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins.”

This comes a day after they announced “We are aware of some technical difficulties affecting withdrawals on the platform. Our team is already working on a fix, and services will resume as soon as possible. We appreciate your patience and will keep you posted!” Which fueled rumours of Binance being insolvent and apparently sparked a flurry of withdrawals.

Binance later quelled the rumours however by announcing “The issue has been identified and fixed. Withdrawals have resumed and are being processed now.”

Source: Binance

Spain's second-largest bank BBVA (with $800 billion in assets) joins the Qivalis group.

The group now includes 12 major EU banks (including BNP Paribas, ING, and UniCredit), aiming to launch a regulated euro stablecoin to challenge dollar stablecoin dominance. Qivalis is applying to the Dutch central bank for electronic money institution authorization under the MiCA framework, with the token planned for launch in the second half of 2026.

Source: WuBlockchain

He’s down $500M .. But still LONG $1B of Eth

Jack Yi’s Trend Research is long over $1 Billion of ETH through levered AAVE positions - and as of today they are down $562M on-chain. Trend Research has deposited $367.8M of ETH into Binance since the start of the month, to try and wind down their positions. Their vault liquidations are estimated to begin at ~$1800 ETH.

Source: Arkham

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Arbitrum confirms its Governance social account is secured again and is reviewing safeguards to prevent future incidents.

Source: Arbitrum

CoinMarketCap released its January 2026 Major Crypto Exchange Reserves Ranking Report.

Binance ranked first with total reserves of about $155.64 billion, including $47.47 billion in stablecoins (30.5%) and $49.84 billion in Bitcoin-related assets (32.03%). OKX followed with roughly $31.29 billion, ahead of Bybit ($14.17 billion), Gate ($7.86 billion), HTX ($6.92 billion), Bitget ($5.33 billion), MEXC ($2.97 billion), and KuCoin ($2.16 billion).

Source: Coinmarketcap

Jim Cramer said, "EVERYTHING IS NOT FINE" WITH BITCOIN.. PEOPLE NEED TO GET OUT.''

Thank you Jim!

Source: CryptoToni

Until Next Time, Stay Frosty!

 

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