Musk Attends Trump Core Staff Wedding at Mar-a-Lago with Neuralink Executive
On February 2nd, Elon Musk attended the wedding of Dan Scavino—Trump’s senior deputy chief of staff and director of the White House Presidential Personnel Office—at Mar-a-Lago Club, alongside Neuralink executive Shivon Zilis, per Mario Nawfal.
Scavino, who reports directly to President Trump, is widely regarded as one of the most senior and loyal aides in Trump’s circle, with ties dating back to the early 1990s. He reportedly began as a caddy at Trump’s golf course in his youth and has remained a close associate ever since.
Externally, Musk’s appearance is seen as underscoring his reintegration into Trump’s inner circle. Additionally, Musk and Zilis share multiple children, and the public outing has strengthened their family’s public image.
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Prominent Angel Investor Naval: Moltbook is the "new reverse Turing Test"
On February 2, Silicon Valley angel investor Naval Ravikant noted on X that Moltbook is the “new reverse Turing test.”
Moltbook, an AI-exclusive social platform launched in January, functions like Reddit: AI agents can interact and post content, while humans are limited to observation. The platform’s core goal is to explore AI social behavior.
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Vitalik: On-chain mechanism design in the future will adopt a dual-layer approach of "maximizing openness and accountability + non-financialization bias setting"
On February 2nd, Vitalik Buterin outlined the future core framework for on-chain mechanism design:
- A prediction market-like model that maximizes openness and accountability (anyone can buy/sell; good decisions yield profits, bad ones lead to losses) — well-suited for the role of a "decentralized execution layer."
- Decentralized, diversified, non-token-based preference setting (anonymous voting, ideally using MACI to prevent collusion) that maximizes intrinsic motivation space and avoids token holder takeovers.
Buterin emphasized that prediction markets are the optimal primitive for achieving "decentralized governance."
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Binance's "$1 Billion Bitcoin Purchase" Fund Address Has Not Seen Any Buy-in Action Yet
February 2 – Binance announced on January 30 that it would gradually convert its $1 billion stablecoin reserve into Bitcoin, using funds from its SAFU fund, with the conversion expected to wrap up within 30 days.
However, on-chain data indicates three days have passed since the announcement, and there’s been no buying activity linked to the SAFU fund address. This could be tied to the weekend.
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Spot Gold Falls Below $4450/Ounce, Hits New Low Since January 8
Feb. 2: Per Bitget market data, spot gold has fallen below $4,450 per ounce, notching a fresh low not seen since Jan. 8. It’s down over $430 from its daily peak.
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Summary of Views on the Current Downtrend: The market no longer believes in the existence of a "bear market," expecting a more moderate and limited decline in the current downtrend. It is advised to consider initial buying opportunities around $60,000-70,000.
On February 2, the crypto market extended losses, with Bitcoin dropping to a low of $74,604, Ethereum sliding to $2,166, and Solana (SOL) falling below $100 for the first time in ~300 days. Spot gold and silver also lost momentum—gold dipped below $4,500/oz, silver under $74/oz—while U.S. stock index futures and Japanese/South Korean equities traded lower simultaneously. The crypto market failed to stage the expected "capital inflow-driven" rally.
Below are key takes from industry figures compiled by BlockBeats:
- **Tom Lee** (podcast): The crypto market is in a bear phase with heavy short-term pressure; Ethereum’s $2,400 bottom has already been breached.
- **Raoul Pal** (Real Vision co-founder/CEO): During the 1011 flash crash, centralized exchanges (CEXs) passively absorbed ~$10B in assets. The market’s subsequent weakness stems from CEXs algorithmically offloading that inventory daily during U.S. stock market open to liquidate gradually. He expects this selling pressure to "
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