Binance Confirms Completion of SAFU Fund's First Asset Purchase, $100 Million Bought This Time

The White House is set to meet with crypto firms and banks at 1 p.m. ET on February 2 (2 a.m. Beijing Time on February 3) to discuss disagreements over stablecoin yields in the CLARITY Act.

On February 2, ZAMA officially published an article detailing its network staking mechanism. The Zama protocol uses a Delegated Proof of Stake (DPoS) mechanism, allowing users and participants to delegate their ZAMA tokens to operators that run the network’s infrastructure. There are currently 18 active operators: 13 Key Management Service (KMS) nodes and 5 Fully Homomorphic Encryption (FHE) co-processors. Staking rewards are funded by the protocol’s inflation mechanism, with an annual inflation rate of 5% of the initial total ZAMA supply. Of this, 60% goes to KMS operators and their delegators, while 40% goes to co-processor operators and their delegators. Rewards are distributed based on the square root of each operator’s total stake—meaning delegators earn higher returns by staking with smaller operators, which incentivizes network decentralization. Operators deduct a commission (up to 20%) before distributing rewards to delegators; the remaining amount is split proporti

Feb. 2 — Per Onchain Lens monitoring, a whale has spent 1.94 million USDC to acquire 414.37 XAUT at $4,673 each over the past three hours.

**February 2nd** Per Coinglass data, the crypto market’s funding rates reflect **overwhelmingly bearish sentiment** after another intraday dip today—with bearishness toward BTC and ETH even stronger than that for altcoins. - BTC and ETH contract funding rates are **negative across nearly all platforms**; - Altcoin rates, while bearish overall, are mostly positive. Specific funding rates are detailed in the attached image. --- **BlockBeats Note**: Funding rate is a fee mechanism for crypto perpetual contracts (set by exchanges) to align contract prices with underlying asset values. It involves fund exchanges between long and short traders—**exchanges do not charge this fee**. Its purpose is to adjust the cost or profit of contract holders, keeping prices in line with the underlying asset. - 0.01% = baseline rate; - Above 0.01% = generally bullish; - Below 0.005% = generally bearish.

On February 2nd, analyst Axel Adler Jr. noted that the “Bitcoin Futures Funding Rate Index” combines price dynamics with derivative funding flows (maker/taker volume + open interest changes). Since last Friday, the funding rate index has plummeted from roughly 50 to a critical 7.1%—the lower bound of the index’s range and an extreme value over the past month. The sustained price trend since January 28 confirms the ongoing bear market. Critically, the index has fallen below the 45% threshold since January 30, signaling entry into bearish territory per the model’s definition. Historically, a 7.1% reading typically signals a market capitulation zone. For a state transition to occur, the index must rebound above 45% and prices stabilize. Until then, any rebound technically remains a bear market corrective structure. Separately, the “Bitcoin Localized Squeeze Index” (a metric integrating volatility, funding rates, and leverage levels) acts as a comprehensive pressure indicator. Dur

February 2, 2026 – Sharp swings in precious metal prices have wiped out 2026’s strongest rally, raising the risk of heavy selling pressure on global equities (Japanese and South Korean stocks already faced pressure in Asian trading). Gold plunged 10% at one point on Monday, while silver (SI=F) dropped more than 15%. As of press time, both metals have pared losses, but the broad market selloff has investors bracing for continued pressure on U.S. stocks when they open. ETF outflows are also dragging the crypto market lower. Malaya Bank Securities’ Tareck Horchani noted that former President Trump’s nomination of Kevin Wash as Federal Reserve Chair has sparked cross-asset volatility, as investors reassess positions in currencies, commodities, and stocks—especially after the U.S. dollar rebounded. Volatility has intensified further following the Chicago Mercantile Exchange Group (CME Group), a leading commodity exchange, announcing higher margin requirements for precious metal futures.