On February 6, 2026, 21Shares submitted a prospectus to the U.S. Securities and Exchange Commission for the 21Shares Ondo Trust, a proposed spot ETF that would hold ONDO and track the CME CF Ondo Finance-Dollar Reference Rate, with a planned Nasdaq listing and Coinbase Custody as custodian. ONDO recently traded around $0.2555, down 14.5% over the past week but still seeing daily volumes above $116 million, while Ondo Finance is reported to control more than half of a tokenized equity sector approaching $1 billion in value.

Vitalik Buterin has argued that Ethereum’s Layer 1 now scales well enough that Layer 2 networks should prioritize advanced features over pure throughput, while ENS has canceled its Namechain L2 to keep ENSv2 fully on mainnet. MetaMask has integrated tokenized U.S. stocks, ETFs, and commodities via Ondo Finance, and perpetual DEXs recorded $70 billion in trading volume on February 5, their second-largest day on record. These moves highlight Ethereum’s evolving scalability roadmap and the growing link between decentralized markets and traditional financial assets.

The XRP Ledger is adding institutional features for tokenization, lending, and FX, with XRP used as the native bridge asset and for transaction fees that are burned over time. New tools such as Multi-Purpose Tokens, token escrow, batch transactions, and identity-linked credentials support compliant asset issuance, while a planned lending protocol and upcoming upgrades like Confidential Transfers and a Permissioned DEX aim to broaden on-chain financial use cases.

MicroStrategy's MSTR shares climbed more than 20%, rebounding from a prior low near $107 to trade around $128, as Bitcoin moved back above $69,000. TD Cowen analyst Lance Vitanza reaffirmed a Buy rating and a $440 price target, highlighting the firm's $2.25 billion cash position and ability to handle a deeper BTC downturn. Company executives reiterated that they do not expect to liquidate Bitcoin holdings unless the price falls to about $8,000 and signaled plans to keep accumulating during market weakness.

As Bitcoin’s price slipped below $75,000, Michael Saylor’s company Strategy moved into an unrealized loss of more than $900 million on its 712,647 BTC, acquired at an average of $76,037 per coin. Despite the drawdown and a daily low under $75,000, Strategy’s stock MSTR closed 4.6% higher at $149.71 while analysts noted the firm’s holdings face no immediate liquidation risk.

Bitcoin has dropped below $84,000 after several unsuccessful attempts to break through the $94,000–$97,000 resistance zone, with some analysts warning that a further decline toward the $74,000–$76,000 area is possible if the level does not hold. Other market observers point to historical cycle patterns that could see the price fall much deeper, while some analysts still view the broader structure as bullish and see potential for a move toward $200,000 before a major correction.

Ethereum is trading near $2,850 after failing to hold above $3,000, logging declines of about 5% on the day and 4% over the week. Several analysts highlight recurring chart structures, with one comparing the current 47% drop and consolidation to a 2024 move toward $4,000, and another mapping a multi‑year cup‑and‑handle pattern that implies a possible $10,000 target. Additional wedge and momentum indicators point to a potential breakout zone, with some traders watching the $3,900–$4,300 band if resistance levels are cleared.

XRP is changing hands near $1.81 after a daily drop of almost 5% and a weekly decline of about 6%, while analysts highlight a roughly 434-day consolidation phase. Key chart watchers are focusing on the $1.80 support zone and a tight $1.80–$2.00 range, as on-chain data shows 42 new wallets with at least one million XRP and continued inflows into XRP-linked ETFs.

Ethereum trades above $3,000 while analysts flag parallels to the 2015–2018 cycle and 2017 rally. Leshka.eth projects a 3–4x move within six months, as open interest sits around 5 million ETH and non-empty wallets exceed 175 million. Spot ETH ETFs posted a $63.53 million net outflow on January 27.