CrossCurve: The exploit has been contained, the stolen EYWA has been frozen and cannot be traded

Feb 2 — Per DefiLlama data, while mainstream perpetual futures DEXs (Perp DEXs) still see solid trading activity, open interest and total value locked (TVL) have trended steadily downward, signaling a broad market shift toward deleveraging. Among these platforms, Hyperliquid maintains relatively high trading volume but has seen a sharp drop in open interest—down ~30% from its prior reading. Below is the 24-hour trading volume breakdown for major Perp DEXs: - Hyperliquid (https://app.hyperliquid.xyz/join/NTOD): 24h volume ~$83B, TVL ~$43.9B, open interest ~$59.1B - Aster (https://www.asterdex.com/en/referral/aboter): 24h volume ~$47.8B, TVL ~$11.4B, open interest ~$20.2B - EdgeX: 24h volume ~$46.1B, TVL ~$2.02B, open interest ~$8.53B - Lighter (https://app.lighter.xyz/?referral=70045843): 24h volume ~$40.5B, TVL ~$9.54B, open interest ~$11.3B - Extended: 24h volume ~$22B, TVL ~$2.15B, open interest ~$3.11B - Pacifica (https://app.pacifica.fi/?referral=pacbot): 24h volume

Trend Research just deposited 20,000 ETH into Binance, per Onchain Lens monitoring as of Feb. 2.

February 2nd — Per monitoring from HyperInsight, the main address of Abraxas Capital (0x5b5d...) closed out 1,348.11 ETH in short positions, worth approximately $3.0076 million. Following this trade, the total value of the address’s ETH short position dropped to $18.0584 million. The position currently holds a floating profit of roughly $7.2781 million, with a return rate of 403.03%. Its average entry price is $3,202.42, and the liquidation price stands at $5,967.56. This address belongs to Abraxas Capital, a well-known hedge fund. The fund has been building a large ETH short position since May and was once Hyperliquid’s largest contract whale by capital. Since November, the address has consistently taken profits, with its position size shrinking significantly from a peak of $920 million.

Interoperable liquidity protocol Euclid Protocol has closed a $3.5 million seed round and seed extension, with participation from KuCoin Ventures, Gate Ventures, 0G Labs, Atom Accelerator DAO, Kahuna Ventures, and several angel investors. Euclid plans to launch its full mainnet and conduct a Token Generation Event (TGE) in the first half of 2026, followed by the rollout of Nest—a thematic treasury strategy product built on Euclid.

On February 2nd, He Yi addressed community concerns regarding claims that Binance’s Bitcoin purchases are solely for internal fund management and did not involve receiving Bitcoin from external addresses, stating, “Binance will conduct internal purchases on Binance.”

February 2 — Blockstream CEO Adam Back has denied any direct or indirect financial ties between his company and late financier Jeffrey Epstein or his estate, per The Block. The statement came after the U.S. Department of Justice (DOJ) released millions of pages of Epstein-related documents, which include emails between Back, Blockstream co-founder Austin Hill, and Epstein. Back clarified that Epstein was once a limited partner in a fund holding a small stake in Blockstream but has since fully divested. The newly unsealed documents also reveal Epstein’s connections to several cryptocurrency industry figures and his proposal to create a digital currency based on Bitcoin technology. Prior details from the Epstein files note that Epstein participated in Blockstream’s $18 million seed funding round, initially investing $50,000 before increasing his stake to $500,000.