According to CoinGlass data, $1.04 billion in crypto positions were liquidated on Thursday, including $868 million in longs and $174 million in shorts, while XRP fell as much as 15%. XRP dropped to an intraday low of $1.32 and was recently trading at $1.37, with total liquidations on the token reaching $34.64 million over the last 24 hours. Despite the steep decline and a weekly loss of 27%, an XRP Ledger validator known as Vet emphasized that the crypto sector is still progressing and expressed confidence in an eventual recovery.

On February 5, Binance Coin (BNB) extended its decline, sliding 7.79% over the last 24 hours and trading near $665.55. After losing support at $672.70, bears are eyeing the $650 zone in the short term, with a potential move toward the $600 range if daily candles keep closing at or below current levels.

Polymarket, the largest fully onchain prediction market on Polygon, will shift from bridged USDC.e to a native USDC integration, according to an announcement with Circle on Thursday. USDC.e currently supports trading, order placement, and settlements. Circle said native Polymarket USDC will roll out in the "coming months."

According to the analysis, XRP is pressing into the $1.3 demand area after a series of lower lows and failed attempts to reclaim supply. Any bounce is viewed as corrective while price stays beneath the mid-channel near $1.6, with an additional cap at $2. A decisive break below $1.3 could expose lower, untested liquidity levels.

Brazil's Chamber of Deputies is advancing Bill 4.308/2024, requiring stablecoin issuers to hold 1:1 reserves and segregate client funds, effectively prohibiting algorithmic models. In parallel, Bitcoin Hyper ($HYPER) reports an ongoing presale exceeding $31.2M, with Etherscan data showing three whale wallets accumulating a combined $1M in early 2026.

Institutional custodian Hex Trust has deepened its collaboration with Flare to roll out secure institutional access to FXRP minting and native FLR staking. Under the arrangement, Hex Trust handles custody, governance and compliance while Flare provides the protocol layer, enabling clients to mint and redeem FXRP and stake FLR directly through Hex Trust's platform. Hex Trust previously launched Wrapped XRP across multiple chains with $100 million in initial liquidity, and the firm plans to keep supporting additional Flare-based assets for institutional DeFi participation.

On Feb. 4, Crypto Patel said XRP/USD had entered a $1.50–$1.30 accumulation zone, with deeper bids planned at $0.90–$0.70 if $1.30 breaks. Charting Guy mapped a potential March bottom around $1.20, allowing for a wick near $1.00. At press time, XRP traded at $1.3888.

Shiba Inu posted a death cross on the 30‑minute chart as the selloff extended into a third day. The token slipped from a Feb. 3 peak at $0.00000702 and saw sharper losses on Thursday, while crypto liquidations reached $1.06 billion in 24 hours, with $894 million longs and $162 million shorts, according to CoinGlass.