U.S. spot Bitcoin exchange-traded funds extended their recovery this week, posting fresh inflows that nearly erased last week’s losses, even as Bitcoin prices remained under pressure.Spot Bitcoin ETFs recorded $166.6 million in net inflows on Tuesday, lifting total inflows for the week to $311.6 million, according to data from SoSoValue.The rebound comes after $318 million in net outflows last week, the third consecutive weekly decline, which pushed cumulative losses over the prior three weeks to more than $3 billion.Inflows return despite Bitcoin price weaknessETF momentum has improved despite Bitcoin falling 13% over the past seven days and briefly slipping below $68,000, according to CoinGecko.Analysts earlier this week pointed to signs of a potential inflection across crypto exchange-traded products, citing a slowdown in selling pressure and more stable fund flows.Goldman trims Bitcoin ETFs, adds XRP and Solana exposureInstitutional positioning continues to evolve. Goldman Sachs disclosed in a Form 13F filing with the U.S. Securities and Exchange Commission that it reduced its Bitcoin ETF exposure in the fourth quarter of 2025.The bank cut its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) by 39%, reducing shares outstanding from about 34 million in Q3 to 20.7 million in Q4, valued at roughly $1 billion. Goldman also trimmed positions in other Bitcoin-linked products, including Fidelity’s Wise Origin Bitcoin Fund (FBTC), Bitcoin Depot, and Ether ETFs.At the same time, Goldman disclosed first-time positions in XRP and Solana ETFs, acquiring 6.95 million XRP ETF shares worth $152 million and 8.24 million Solana ETF shares valued at $104 million.SoSoValue data shows spot altcoin ETFs also attracted modest inflows on Tuesday, with Ether funds adding about $14 million, while XRP and Solana ETFs gained $3.3 million and $8.4 million, respectively.Most ETF investors continue to holdDespite recent volatility, long-term ETF holders have largely remained in place. Eric Balchunas, senior ETF analyst at Bloomberg, said last week that only around 6% of total Bitcoin ETF assets have exited during the downturn.Balchunas added that while IBIT’s assets have fallen to about $60 billion from a peak near $100 billion, the fund could remain at that level for years and still retain its distinction as the fastest ETF on record to reach $60 billion in assets.

Investinglive 分析师 Justin Low 表示，所有目光都聚焦于非农就业数据，市场参与者正静候消息以做出反应。而目前，交易员预期美联储今年将累计降息约 60 个基点，且已定价 6 月会议将实施下一次 25 个基点降息。昨日呈现的疲软消费者图景自然强化了这一预期定价。若今日非农就业数据表现强劲且失业率企稳，则表明美联储可能会在更长时间内维持利率不变。乐观情形下，这可能会显著降低上半年降息的风险。但鉴于昨日美国消费者数据传递出的喜忧参半的信号，现在完全排除 6 月或 7 月进一步降息的可能性还为时过早。(金十)

上线短短 5 个月，Boros 的名义交易额已超 60 亿美元，其未平仓合约量更是在近期创下 2.68 亿美元的历史新高。

Retail investor participation in the crypto market remains subdued, extending the current consolidation phase, according to analysis from Matrixport.In a chart released by the firm, Matrixport said retail engagement has stayed low over the past year. The firm pointed to trading volumes in the Korean market—often viewed as a proxy for retail activity—as evidence that meaningful buying demand from retail investors has yet to emerge.The lack of retail inflows has weighed on derivatives markets. With insufficient incremental spot demand, perpetual futures funding rates have remained depressed, limiting opportunities for leveraged long positioning. Low funding rates have also reduced returns from basis trading strategies, such as cash-and-carry arbitrage.As a result, institutional participation has remained measured. Matrixport noted that compressed arbitrage yields have constrained incremental inflows into spot Bitcoin ETFs, keeping overall ETF demand relatively moderate despite broader institutional interest.The firm said this dynamic aligns with its earlier assessment from March 2024, when it warned that without a retail-led rally widening the futures–spot spread, institutional capital allocation would be unlikely to accelerate meaningfully. 

SBF 在 X 平台发文表示，新证据表明，拜登政府的司法部曾威胁多名证人保持沉默或改变证词，我的定罪应该被推翻。法官 Lewis Kaplan 应回避此项动议。鉴于他预先判断被告（包括我、Ryan Salame 和 Donald Trump）并设置对我们不利条件的模式，他无法做出公正的裁决。

The U.S. dollar is likely to remain volatile ahead of the January non-farm payrolls (NFP) release, as markets brace for what could be the largest annual downward revision to U.S. employment data on record, according to Maybank.In a research note cited by Jin10, Maybank said the U.S. Dollar Index (DXY) has recently found near-term support, with some short positions being modestly unwound as investors adopt a cautious stance before the data release. This has helped stabilize the dollar despite weaker-than-expected U.S. December retail sales, which showed zero month-on-month growth.Markets focus on jobs data and revisionsMarket attention is now firmly on January’s U.S. labor report. Maybank expects non-farm payrolls to rise by around 65,000 jobs, compared with roughly 50,000 in the previous month, while the unemployment rate is forecast to hold at 4.4%.More critically, the bank highlighted expectations for a 2025 annual benchmark revision of about -825,000 jobs, a figure that would mark the largest downward revision in U.S. payroll history. Maybank said this looming adjustment has been a key factor weighing on the dollar in recent sessions, as investors reassess the underlying strength of the U.S. labor market.Dollar likely to consolidate before releaseDespite elevated volatility earlier in the week, Maybank expects the dollar to trade in a consolidative range ahead of the NFP release, as markets await confirmation from the labor data.

资产管理规模达 3.5 万亿美元的高盛披露其增持了 237,874 枚 MSTR 股票。目前高盛共持有 2.33 亿枚 MSTR 股票，总价值达 3.01 亿美元。（BitcoinTreasuries.NET）

Leading altcoins dropped, as analysts cite capital flight to gold, ETF outflows, and cascading liquidations for draining market liquidity. source: https://decrypt.co/357693/zcash-bnb-sui-lead-altcoin-losses-as-crypto-market-slides

Jack Dorsey 旗下的 Cash App 宣布对大额购买 BTC 及定期购买 BTC 的行为免收手续费。（Bitcoin Magazine）

加密资产从边缘资产走向主流资产，本身就是一个缓慢而曲折的过程。

The Federal Reserve’s campaign against inflation is approaching its final phase, with underlying price pressures expected to remain contained through this year and next, according to BeiChen Lin, a senior investment strategist at Russell Investments.In a report cited by Jin10, Lin said that while inflation victory is not yet complete, the “finish line is coming into view.” He pointed to a labor market that is gradually moving back toward balance, helping to moderate inflation in the services sector.Lin added that inflation driven by tariffs is likely to gradually subside in the second half of the year, easing a key source of recent price pressure. At the same time, subdued activity in the U.S. real estate market is expected to continue acting as a drag on inflation.Even if the U.S. economy maintains trend-level growth this year—or slightly exceeds it—Lin said inflation should remain benign and manageable through 2025 and into 2026.The assessment supports broader market expectations that inflation risks are receding, potentially giving the Federal Reserve greater flexibility in its policy outlook as price stability improves. 

A second White House meeting between major banks and cryptocurrency industry leaders ended without a formal agreement on stablecoin yield rules, but participants described the discussions as more productive than prior talks. com. source: https://techgaged.com/white-house-urges-stablecoin-deal-sets-the-deadline-as-debate-continues/

Hong Kong is set to issue its first stablecoin licences in March 2026, following the new Stablecoins Ordinance. The city is also expanding crypto market rules and tokenisation projects while China remains cautious about cryptocurrency activity.

The European Union is preparing to wage war against Russia by implementing a complete ban on all cryptocurrency transactions between EU residents and Russian entities

The EU plans to sanction two Kyrgyz banks and several other foreign lenders for helping Russia move money through crypto and bypass existing sanctions. It also wants to block all crypto transactions linked to Russia, including stablecoins and the digital rouble, to close this route for payments and trade.

Former FTX CEO Sam Bankman-Fried is making another dramatic move to salvage his reputation, this time filing a motion for a new fraud trial in an attempt to overturn the conviction that landed him a 25-year prison sentence.

近日，火币HTX正式宣布推出业内首个聚焦真实资金沉淀的“新增资金返佣试运行方案”，并于2026年2月6日全面上线。

赵长鹏,Binance,CZ 最新专访：崛起、陨落与重生 金色财经,从卖房梭哈 600 美元的 BTC 开始。

LayerZero正在尝试成为“下一代全球金融清算基础设施”。

Former SafeMoon CEO Braden John Karony was sentenced to 100 months in a US federal prison after being found guilty of running a scheme that misled investors and diverted millions from the project’s liquidity pools. The court said he and his co-conspirators secretly used investor funds for personal profit, despite promising the money was locked and safe.