Bitcoin traded around $75,980 as U.S. markets opened on Feb. 4, 2026, with focus on the 200-week EMA near $68,400. According to the article, U.S. spot Bitcoin ETFs recorded nearly $2.8 billion in net redemptions over the past two weeks, while analysts flagged $74,400 and $70,000 as key levels and $55,700–$58,200 as deeper support.

On Tuesday, the Canadian Investment Regulatory Organization (CIRO) released an interim Digital Asset Custody Framework setting tiered limits on how dealer members and custodians hold client crypto. The rules introduce four risk-based tiers with caps from 40% to 100%, restrict internal custody to 20% of client assets, and add stricter governance, insurance, and audit requirements as Canada tightens oversight of hacks and compliance failures.

Crypto.com has launched OG as an independent prediction markets platform for US users, leveraging its CFTC-registered Crypto.com Derivatives North America infrastructure. The spinout follows a reported 40x surge in weekly prediction market activity over the past six months and places OG in direct competition with platforms such as Polymarket and Kalshi.

Ethereum core developers added "Frame Transactions" (EIP-8141) to the shortlist of Hegota headliner proposals after a pull request merged on January 29, 2026, and Vitalik Buterin joined the discussion by linking the design to ERC-4337 paymaster-style mempool rules. At the time the headliner debate was circulating in developer channels, ETH traded around $2,304.7 with a 24-hour move of -0.6%, while desks weighed the implications for mempool policy, order flow segmentation, and protocol-level MEV protection narratives.

On Monday, New York Attorney General Letitia James and four district attorneys sent a letter challenging the GENIUS Act, alleging it gives stablecoin issuers legal cover and leaves fraud victims without restitution. The prosecutors say Tether and Circle each earned $1 billion in 2024 from reserve investments, and cite extensive freezes of USDT and USDC.

On February 1 and 2, 2026, Bitcoin fell about 13% for the week, breaking below the $80,000 level and touching a nine-month low near $74,500. Analysts link the move to a liquidity squeeze, flat Realized Cap metrics, and macro pressure following Kevin Warsh's Fed chair nomination, while Strategy's average BTC entry price around $76,037 briefly turned negative. Despite this structural stress, some models still point to long-term upside, with projections implying potential recovery toward $113,000 by mid-2026.

According to CoinShares, digital asset investment products saw $1.7 billion in redemptions last week, marking a second consecutive week of outflows and pushing year-to-date flows to a $1 billion net outflow. The United States led with $1.65 billion in withdrawals, while short Bitcoin products attracted $14.5 million in inflows.

Bitmine Immersion Technologies, a public crypto treasury firm linked to Tom Lee, is carrying more than $6 billion in unrealized losses on its Ether holdings after the market pullback. The company added 40,302 ETH last week, taking its stash above 4.24 million; Dropstab values the position near $9.6 billion versus an October peak of $13.9 billion.

Ethereum has fallen sharply toward $2,400, with its decline outpacing many other major cryptocurrencies as broader market sentiment weakens. Around $2.5 billion in leveraged crypto positions were liquidated in a single day and large holders have begun trimming exposure, pressuring ETH below key support. Technical indicators now highlight a strong downtrend, with traders watching whether $2,250 and $2,100 emerge as the next major downside targets or if a rebound toward the $2,600–$2,800 area can develop.