Market Update - Thursday, February 5

- Gold fluctuates around $5,000, while Bitcoin continues to decline, trading between $72,000 and $73,000. Market sentiment index hits a low of 12, indicating "extreme fear."

- U.S. and Iran nuclear negotiations have been revived and are scheduled to take place tomorrow morning, February 6, in Oman.

- Former President Trump spoke with President Xi, discussing trade and geopolitical issues, with a visit to China planned for April.

ETF Spot Update as of February 4:
- Bitcoin shows a negative balance of $171.5 million, with Fidelity selling $86.4 million. BlackRock has no data available.
- Ethereum has a negative balance of $20.5 million, with no data from BlackRock.
- Solana shows a negative balance of $6.7 million.

- Crypto companies are proposing to deposit stablecoin reserves at smaller banks and support them in issuing stablecoins to resolve the CLARITY bill deadlock.

- The UK is holding hearings on stablecoins, with experts criticizing them as merely an entry and exit point for crypto, rather than a future currency.

- Spain's second-largest bank, BBVA, joins a coalition of 12 major EU banks to develop a euro stablecoin, expected to launch in the second half of 2026.

- The U.S. Treasury Secretary clarified that there is no plan for the government to bail out Bitcoin or the crypto market in the event of a collapse.

- CME Group is considering launching "CME Coin" and is collaborating with Google to develop tokenized cash by the end of this year.

- Japanese financial giant SBI is partnering with Startale to launch Layer1 Strium for forex trading, tokenized stocks, and real-world assets.

- Trend Research continues to transfer 25,000 ETH ($53 million) to Binance, bringing the total transferred to 188,588 ETH ($427 million) to repay debts.

- TRM Labs, a crypto crime tracking firm, has raised $70 million in Series C funding from Goldman Sachs, Citi Ventures, and others, achieving a valuation of $1 billion.