FOMO(@tryfomo) shows that Mello (@mellometrics), head of Solana at @worldlibertyfi, spent $18.9K to buy 831,370 $WAR.

Feb 3 — Per Onchain Lens monitoring, an 8-year dormant Bitcoin address "3BTqd" has transferred 243 BTC (valued at roughly $19.15 million) to crypto exchange Gemini.

**February 3 – A cryptocurrency advocacy group described Monday’s White House meeting on “Defining Stablecoin Yield” as a “critical step” and necessary development for advancing crypto legislation amid ongoing legislative efforts. Compromise solutions on the issue, however, may not come easily.** **Representatives from Coinbase, major crypto industry associations, and banking organizations gathered in Washington, D.C., to discuss regulatory approaches to stablecoin yields and whether third parties (including Coinbase) should be permitted to offer such yields. The meeting was chaired by Patrick Witt, a member of the President’s Digital Asset Advisory Committee.** **Blockchain Association CEO Summer Mersinger stated: “Today’s White House meeting marks a significant step forward in pursuing a bipartisan legislative solution for digital asset market structure. We appreciate Patrick Witt and the administration’s leadership in convening stakeholders to address one of the remaining crit

February 3rd — Per Coinglass data, Bitcoin fell below $75,000 yesterday and has rebounded above $78,000 today. Funding rate metrics show strong bearish sentiment in the market: Bitcoin’s funding rate has turned negative across multiple exchanges, meaning short traders are paying fees to long traders to maintain their positions. Ethereum’s negative funding rate is notably higher than Bitcoin’s, reflecting a more pessimistic market outlook for Ethereum. Note from BlockBeats: Funding rate is a fee set by crypto trading platforms to keep contract prices aligned with underlying asset prices, primarily for perpetual contracts. It’s an exchange between long and short traders—platforms do not collect this fee; instead, it adjusts the cost or profit of position holders to ensure contract prices track underlying asset values closely. Key rate thresholds: - 0.01% = baseline rate - Above 0.01% = generally bullish market - Below 0.005% = generally bearish market

On Feb. 3, Bitcoin climbed above $79,000, posting a 24-hour gain of 1.52% per HTX market data.

On February 3, monitoring by HyperInsight (via Telegram: @HyperInsight) showed that the main address of Abraxas Capital (0x5b5d...) closed out a portion of its HYPE short position, reducing holdings by 62,511.35 HYPE tokens—equivalent to approximately $2.14 million. Following this operation, the total value of its remaining HYPE short position dropped to $6.79 million. The position is currently floating a profit of roughly $1.64 million, with an average entry price of $42. This address is the primary contract address of the well-known hedge fund Abraxas Capital. The fund has been building a large short position since May and once held the title of Hyperliquid’s largest contract whale by capital. Since November, the address has consistently taken profits, significantly cutting its position size from a peak of $920 million.

On February 3, alternative data shows the cryptocurrency Fear & Greed Index stands at 17 (up from 14 yesterday), meaning the market remains in the "extreme fear" zone. Note: The index ranges from 0 to 100 and is calculated using these indicators: - Volatility (25%) - Market Volume (25%) - Social Media Hype (15%) - Market Surveys (15%) - Bitcoin Dominance (10%) - Google Trends Analysis (10%)