The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

On February 4, Ripple integrated Hyperliquid—its decentralized derivatives protocol—into Ripple Prime, its institutional-grade brokerage platform, marking the platform’s first direct support for decentralized finance (DeFi). With this integration, Ripple Prime clients can now efficiently manage Hyperliquid’s on-chain derivative positions, plus their risk exposure to centralized crypto markets and traditional assets like foreign exchange (FX) and fixed income, all within a single brokerage framework. Ripple noted that institutional clients using Hyperliquid will only interact with Ripple Prime as their counterparty, with all positions managed under a unified risk and margin system. This step reflects growing institutional participation in the DeFi space, and Ripple Prime intends to expand support for both centralized and decentralized liquidity venues simultaneously going forward.

On February 4, several traders noted that Bitcoin is approaching the 200-week moving average (EMA/SMA)—a key long-term support level—around $68,000. This level could serve as a critical bottom zone in the current correction. Analysts point out this marks the first time BTC has retested this long-term trendline since late 2023. Historical data shows Bitcoin often retraces to the 200-week moving average and forms a medium-term bottom after breaking below the 100-week moving average. Some traders expect the $68,000 level to be a key area to monitor if prices decline further; should it break, the next focus range may shift to $55,000–$58,000. Despite a more than 40% pullback from its peak, market sentiment has not shown widespread capitulation. Institutional analysts note crypto market “winters” typically last around 14 months, and the current phase may be nearing its end. Meanwhile, U.S. Bitcoin spot ETFs have recorded net outflows of roughly $3.2 billion since mid-January—accountin

Feb 4: New York Silver Futures surged 10% intraday to $91.64/oz, per Bitget market data. Spot silver is up 7.7%.

On February 4th, Ethereum dropped below $2,200, down 4.68% over the past 24 hours, per HTX market data.

On February 4, spot silver climbed more than 6% intraday, last trading at $90.64 an ounce, per Bitget market data.

On February 4, asset management firm ProShares announced the launch of the KRYP ETF—the first U.S. cryptocurrency asset ETF tracking the CoinDesk 20 Index. The fund gives investors exposure to a basket of the 20 largest and most liquid cryptocurrencies by market capitalization. The index is market-weighted with weight caps and undergoes quarterly rebalancing to mitigate single-asset concentration risk. The CoinDesk 20 is selected from the top 250 cryptocurrencies by market cap, excluding stablecoins, meme coins, privacy coins, and various pegged/wrapped assets. ProShares noted that as the cryptocurrency market matures, investors are shifting from individual assets to more diversified allocations. KRYP aims to provide a decentralized entry point into the crypto market via a single ticker.