On January 31, House Democratic Leader Hakim Jeffries stated that they would not help Republicans pass a federal government funding bill through a fast-track process. US media pointed out that Jeffries' statement suggests the US government shutdown may last longer than expected. The US Senate passed a funding bill for several federal departments for the remainder of the fiscal year on January 30, which will be sent to the House for consideration. However, the House is in recess and may vote on the funding bill as early as February 2. It is reported that the operating funds for several federal departments, including the State Department and the Pentagon, ran out on January 30, thus the US federal government entered a partial shutdown starting at midnight on January 31. (Jinshi)

India has raised certain stock trading tax rates in an effort to further curb retail speculative trading. According to Jin10, the budget proposal submitted to parliament on Sunday outlines an increase in the securities transaction tax on stock index futures from 0.02% to 0.05%. Additionally, the tax rate on option premiums and option exercises has been raised from 0.1% to 0.15%. This announcement led to a sharp decline in the stock market, with India's major index, the NIFTY 50, dropping nearly 3% during intraday trading. Shares of the Bombay Stock Exchange (BSE), India's second-largest securities exchange, and brokerage firms like AngleOne also saw significant declines. This move underscores India's determination to curb speculative trading, as the influx of retail traders has positioned India as the largest market for contract trading volume globally. Regulatory bodies had previously introduced several restrictive measures at the end of 2024, including limiting each exchange to one weekly index option contract.

Bitcoin briefly fell below $76,000 in thin weekend trading, a pullback of about 40% from its 2025 high, marking its longest monthly losing streak since 2018. Market analysts point out that this decline was not triggered by panic selling or systemic risk, but rather by a combination of disappearing buying pressure, shrinking liquidity, and weakening confidence. Data shows that Bitcoin has been slow to react to geopolitical tensions, a weaker dollar, and rebounds in risk assets, and the recent sharp fluctuations in precious metals have not brought about a rotation of funds. Spot ETFs continue to see net outflows, institutional buying has cooled significantly, and market depth remains more than 30% lower than its October high last year. Analysts generally believe that the correction cycle is not yet over. Kaiko predicts that Bitcoin may need another 6 to 9 months to see a substantial recovery; some institutions also warn that Bitcoin may struggle to reach new highs within the next 1,000 days. Overall, price, correlation, and market sentiment are all under pressure simultaneously. (Bloomberg)

Key takeaways Strategy is only about 1. source: https://coindoo.com/strategy-wont-be-liquidated-even-if-bitcoin-falls-further-says-michael-saylor/

On Feb 01, 2026, 07:16 AM(UTC). According to Binance Market Data, Ethereum has dropped below 2,400 USDT and is now trading at 2,399.919922 USDT, with a narrowed 10.85% decrease in 24 hours.

FTX founder Sam Bankman-Fried said US president Donald Trump was “right on crypto” and that Joe Biden “bungled crypto” in a series of recent X posts. source: https://cointelegraph.com/news/ftx-sam-bankman-fried-caroline-ellison-donald-trump?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

In January, the Solana network experienced a significant increase in daily active addresses, growing by nearly 115%. According to PANews, the latter half of the month consistently saw over 5 million active addresses. Meanwhile, the Ethereum network also witnessed a 25% rise in daily active addresses following a major network upgrade in December.

On February 1, the Rafah crossing, located at the border between Gaza and Egypt, commenced trial operations. According to Jin10, the opening is primarily aimed at testing technical and security systems, with only a limited number of individuals participating in the exercise. The crossing is expected to fully reopen for two-way pedestrian traffic starting February 2. A joint oversight team, comprising Egyptian representatives, EU observers, and relevant Israeli authorities, is on-site to focus on identity verification and security system adjustments. Initially, the Rafah crossing will allow limited pedestrian passage. Individuals wishing to cross must submit their names at least 24 hours in advance and undergo remote screening by Israeli security officials.

Gold, silver, investment, metals market crash: Is the supercycle logic still strong? Jinse Finance: The precious metals market sees another week of gains, but this may well be far from over.

This week, 17 blockchain startups completed funding rounds, raising a total of $285.4 million. Mesh (formerly Front Finance) raised $75 million in its Series C funding round, the largest single funding round this week.

In two days, 30,000 AI agents registered accounts on the same website, Moltbook. These weren't registered by humans; they were registered by the AI ​​itself.

On January 30, Kevin Warsh was nominated as the next chairman of the Federal Reserve.

US President Trump's nomination of Kevin Warsh as Federal Reserve Chairman triggered the worst sell-off in precious metals in decades.

Several portfolio managers contacted on Friday said they believed Warsh was unlikely to cater to Trump's whims or significantly alter the Fed's stance.

"If your startup isn't a YC-backed B2B SaaS + GPT shell company, and you haven't hired ABG as your chief marketing officer, then you're basically doomed."

Vitalik is one of the guardians of TheDAO Security Fund.

The question for the next decade is simple: will the crypto world learn to build tollbooths, or will traditional finance learn to exploit the crypto world's path? We bet on both.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, market and contract data, mining information, project updates, technological advancements, and other industry dynamics.