Stablecoin inflows to exchanges have doubled to $98 billion, topping the 90-day average of $89 billion. The move comes amid strong selling pressure, with bitcoin falling more than 10% toward $64,000. Some mid-cap stablecoins gained share even as the broader segment’s market cap slipped 1.0% WoW to $305.1 billion.

Marathon Digital moved 1,318 BTC valued at $86.9 million within a 10-hour window while Bitcoin slid toward $63,000, its lowest level since October 2024. The miner distributed funds across wallets linked to Two Prime, BitGo and a new address, as its shares and other mining stocks declined amid falling hash price, softer revenues, and weather‑related power issues.

On February 4, 2026, Arkham reported that Bhutan moved $22.4M in Bitcoin from sovereign wallets over the past week, including a transfer five days earlier to QCP Capital-labeled addresses. The country's crypto portfolio has fallen from $1.4B to $412M, and it remains the seventh-largest government BTC holder.

On Monday, Michael Burry warned that ongoing Bitcoin weakness could trigger as much as $1 billion in end‑of‑month liquidations in gold and silver. By Wednesday morning in Asia, Bitcoin was at $76,362 after a 3.17% daily drop and a 14.44% weekly decline, as his remarks emphasized pressure on risk assets and corporate holders.

The White House convened crypto industry groups, exchanges, and Wall Street banks at the Eisenhower Executive Office Building on Monday to negotiate the U.S. crypto market structure bill, focusing on whether exchanges can offer yield on stablecoins. Participants were instructed to reach a compromise on stablecoin rewards by the end of this month, with trade groups describing the meeting as a constructive step toward bipartisan legislation. Senior administration officials said recent talks have resolved several difficult policy disputes and expressed confidence that the remaining issues on stablecoin yields can also be settled.

On February 1, 2026, CrossCurve warned on X that its cross-chain bridge was under attack due to a smart contract vulnerability. The team reported about $3 million in losses across several networks, while Defimon Alerts described a spoofed cross-chain message path and CrossCurve offered a 10% white-hat bounty with a 72-hour deadline for fund returns.

The White House plans to host cryptocurrency, banking and lobbying representatives on February 2, 2026 to address disagreements over the stalled CLARITY Act market structure bill. Discussions are expected to center on how the legislation handles interest and rewards on dollar-pegged stablecoins, with a Coinbase representative among those set to attend.

Tether Holdings has accumulated around 140 tons of gold after buying over 70 tons last year, CEO Paolo Ardoino said. The firm adds more than a ton weekly and stores bullion in a Swiss bunker; its gold-backed XAUT rose 3.99% in the last 24 hours and logged weekly and monthly gains.

Thailand’s Department of Special Investigation said it uncovered an illegal Bitcoin mining network tied to four senior Provincial Electricity Authority officials. On January 19, officers seized 3,642 mining rigs under "Operation Copperhead," and investigators also confiscated thousands of rigs linked to an assistant PEA governor with cash deposits worth 19 million baht ($612.9K).