According to DB News, the DOJ is cleared to sell 69,370 $BTC($6.58B) confiscated from Silk Road.

Last Friday, February 2nd, former President Trump nominated Kevin Wash as the next Chair of the Federal Reserve. Traders have since priced in two interest rate cuts from the Fed this year. Wall Street analysts shared varied takes on U.S. monetary policy under Wash’s tenure, summarized by BlockBeats below: **BlueBay Asset Management CIO Mark Dowding** The market broadly expects Wash to lean dovish, arguing AI-driven productivity gains will keep inflation in check. Futures markets still anticipate two Fed rate cuts this year. Compared to other potential candidates, Wash may be viewed as *less* dovish. **Sparta Capital Securities Chief Market Strategist Peter Cardillo** Wash has long been seen as hawkish, but recently he appears to align with Trump’s stance. Speculation suggests he won’t be swayed by the White House—he’ll remain cautious while striking a balance. **GlassRatner Advisory & Capital Group Managing Director Seth R Freeman** A top priority for Wash as Fed chair will

On February 2nd, Hyperinsight monitoring data shows the "20 Million Bandit" address (0x880a...) executed a profit-taking move on its BTC short positions, closing out 29.24 BTC worth roughly $3.02 million. Following this reduction, the total value of its BTC short positions dropped to $18.794 million. The average entry price dipped slightly from $81,539.30 to $81,254.10. The position currently holds a floating profit of around $1.44 million, a return rate of 84.34%, and a liquidation price of $117,063.41. This address has long engaged in high-frequency multi-currency arbitrage trading, with an average holding period of roughly 20 hours. Since last October, starting with an initial capital of approximately $20 million, it has amassed nearly $100 million in profits.

On February 2nd, per GMGN monitoring, Solana’s on-chain token PURCH saw a rapid surge in market capitalization driven by Circle CEO Jeremy Allaire’s mention of the Purch project on X. It topped out at $19 million briefly before plummeting sharply. Currently, PURCH has a market cap of roughly $7.5 million, trades at around $0.0075 per token, and remains up 420% over the past 24 hours. BlockBeats advises users that meme coin trading is extremely volatile—often fueled by market sentiment and speculative hype—with no inherent value or practical use case. Investors are urged to exercise caution.

On February 2, Hyperliquid tweeted that HIP-3 markets’ open interest has reached a record $1 billion since last week, with 24-hour trading volume hitting $4.8 billion.

Feb 2: Mysterious "7 Siblings" whale has again purchased 6,820 ETH for $15 million, per Onchain Lens monitoring. Over the past two days, the whale has amassed 30,959 ETH at an average price of $2,332 per token, totaling $72.21 million in value.

On-chain data as of February 2nd shows the Binance SAFU Fund address conducted an authorization 10 minutes ago, appearing to either add two new addresses to its "allowed recipients whitelist" or prepare to boost its Bitcoin holdings. Earlier reports note three days have passed since Binance announced its "$1 billion Bitcoin purchase plan," with no buy activity from the SAFU Fund address to date. This may be linked to the weekend break.