Institutional Alert: S&P 500 Average Plunge of 16% After Fed Chair Change

On February 3, spot gold surged past $4,940 per ounce, climbing 5.99% intraday, according to Bitget market data.

**February 3 – Gnosis co-founder Friederike Ernst warned that as Wall Street and traditional financial firms ramp up their entry into crypto, the industry risks diluting its core principles.** She noted crypto was never intended to be just a "back-end upgrade" for traditional finance (TradFi) — but rather to reshape money, platforms, and power structures, with a focus on individual sovereignty, collective ownership, and personal agency. Ernst recalled that when Gnosis launched in 2015, crypto was still viewed as a "weird" fringe technology. That "weirdness," she said, spurred a rethinking of the financial system’s essence and power distribution. Today, however, crypto is moving mainstream: Robinhood is rolling out blockchain-based stocks, major U.S. banks are hiring stablecoin engineers, and governments are pushing TradFi-crypto integration. As the regulatory landscape improves and institutional capital pours in, Ernst urged entrepreneurs to stay vigilant against value drift.

Spot gold jumped more than 5% on February 3, per Bitget market data, heading for its biggest daily gain since November 2008.

On February 3rd, Binance Alpha has listed Tria (TRIA).

On February 3, the Tesla Owners Silicon Valley account on X (formerly Twitter) asked Elon Musk when he would follow through on his 2021 claim that “SpaceX will literally put a Dogecoin on the moon.” Musk replied the same day: “Maybe next year.” The comment reignited market interest in a potential link between Dogecoin (DOGE) and SpaceX. Musk has previously openly supported Dogecoin, and his statements have repeatedly had a significant impact on DOGE’s price and market sentiment.

**Breaking: New Wallet Gets $19.4M in HYPE Tokens From Anchorage; Ribbit Capital-Linked Wallet Receives $7.3M** Per data from MLM Monitor, a newly created crypto wallet has received 522,000 HYPE tokens (valued at roughly $19.4 million) from Anchorage in the past 14 hours. Separately, a wallet believed to be associated with Ribbit Capital picked up an additional 195,000 HYPE tokens (approximately $7.3 million) around 13 hours ago.