Daily Market Insight - Feb 3
A curated briefing on the day's top 5 hot news stories, protocol updates, and critical market shifts. Stay informed with our daily pulse of the decentralized economy.
Family offices prefer AI as key investment theme over crypto: JPMorgan
Almost 89% of the family offices polled by JPMorgan report zero crypto exposure, with average allocations to digital assets and Bitcoin remaining well below 1%
Spot crypto volumes plunge to 2024 lows amid investor demand weakens
Spot crypto trading volumes have fallen by half since October as liquidity dried up and investor engagement weakened
Bitcoin may fall to $56K as reasons for gains 'remain hard to find': Galaxy
Galaxy's Alex Thorn says Bitcoin's realized price is currently $56,000, a level it is likely to fall to without clear drivers to spark a rally
Tether releases open-source operating system for Bitcoin mining
Tether first announced plans for an open-source mining OS in June last year, aiming to let Bitcoin miners enter the game without relying on expensive third-party vendors
Trump denies knowledge of Abu Dhabi royal's $500M stake in WLFI
The reported World Liberty Financial deal, said to have been made four days before the president's inauguration, would make the UAE company the largest shareholder in WLFI
- 89% of JPMorgan-surveyed family offices hold zero crypto — AI is winning the institutional allocation battle; average crypto exposure remains below 1%.
- Spot volumes down ~50% since October, back to 2024 levels — liquidity is thin; Galaxy's Alex Thorn warns BTC could revisit the $56K realized price with no clear catalyst for a rally.
- Tether open-sources its Bitcoin mining OS — reduces miner dependence on third-party vendors, decentralizing the infrastructure stack.
- Trump denies knowledge of $500M UAE stake in WLFI — the deal, reportedly struck four days before inauguration, would make the Abu Dhabi royal the largest WLFI shareholder; political and regulatory exposure is rising.
