**February 2** — Per Crowdfund Insider, the European Commission has ramped up enforcement of crypto asset regulatory frameworks, launching infringement procedures against multiple EU member states for failing to transpose or comply with new EU rules on crypto asset taxation and market regulation. In the latest round of infringement decisions, the Commission said it has sent formal warning notices to 12 member states for not fully transposing EU rules on crypto asset tax transparency and information exchange into national law. The 12 countries are: Belgium, Bulgaria, the Czech Republic, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, the Netherlands, Poland, and Portugal. This action ties to **EU Directive (EU) 2023/2226**, which amends the EU’s long-standing tax administrative cooperation framework. The directive extends reporting and information-sharing obligations to crypto asset service providers to boost tax transparency and regulate crypto asset transactions.

Onchain Lens data shows that as of February 2nd, the "BTC OG Insider Whale" transferred an additional 15,001 ETH to Binance 6 hours ago, worth roughly $34.57 million. Over the past two days, the whale has sent a total of 121,185 ETH to the exchange, with the cumulative value totaling approximately $2.9237 billion.

February 2 (Monday Morning) - USD/JPY strengthened; Asian stock index futures broadly declined; U.S. stock index futures down 1%, underscoring fragile Wall Street sentiment after a turbulent week. - At the open, spot gold’s drop widened to 3.5%; silver down nearly 9%; WTI crude down 4%. - Earlier, the U.S. dollar posted its largest single-day gain since last May on Friday, driven by a sharp precious metals slump and Trump’s nomination of Kevin Warsh as the next Federal Reserve Chair. (Source: Oriental Wealth)

As of February 2nd, monitoring from HyperInsight (via its Telegram channel @HyperInsight) shows: Huang Licheng, known as "Big Brother Ma Ji," closed his long positions in BTC, ETH, and HYPE two hours ago—all of which incurred losses again. His on-chain contract account currently holds just $1,278. On-chain records indicate his most recent deposit to Hyperliquid (via app.hyperliquid.xyz/join/NTOD) was made two days ago, totaling 249,800 USDC.

Monday, February 2nd — Bitcoin’s downturn extended into the session, with the token last trading at $76,482. That marks a 2.31% 24-hour decline, putting it near its 2025 low of $74,508. The total cryptocurrency market capitalization shed 3.1% over the past 24 hours, now standing at $2.637 trillion. Several altcoins also posted sharp losses, including: - C98: Last trading at $0.0195, down 32.53% in 24 hours - SYN: Currently at $0.0815, a 19.45% 24-hour drop - ENSO: Trading at $1.193, off 16.7% over the past day

Real Vision co-founder and CEO Raoul Pal said in a podcast this week that Bitcoin’s fair value, per his global liquidity model, should be around $140,000. However, the “1011 event” (triggered by Trump’s tariff policy) caused crypto to underperform stocks and gold, he noted. Pal outlined the “1011 event” as follows: A major macro shock spurred mass liquidation of highly leveraged positions. At the peak of cascading selloffs, Binance’s API briefly went offline, blocking professional market makers from placing orders, providing liquidity, or hedging risks. A chain reaction amplified losses, forcing top centralized exchanges (CEXs) to use their balance sheets to absorb positions and prevent a full system collapse. As a result, Pal estimates CEXs passively absorbed roughly $10 billion in assets. The market’s subsequent long-term weakness stems from these CEXs algorithmically selling their inventory during U.S. stock market open hours to offload holdings, he explained. Pal expects t