Ethereum fell 19% over three days to trade below $2,400, exposing large unrealized losses for prominent holders. On-chain data shows major positions, including 4.24 million ETH bought near $3,854, are down roughly $6.8 billion, with other whales facing hundreds of millions. Technicals flag $2,400 as key support, with $2,700–$2,800 as near-term resistance.

In January, Polygon burned 25.7 million POL, about 0.24% of total supply, as on‑chain activity climbed. Despite a 9–10% daily bounce to about $0.11–$0.113 and a near 20% uptick in 24‑hour volume, the token remains range‑bound below mid‑2025 highs. RSI sits in the low‑40s, pointing to a relief bounce rather than a trend shift.

ParaFi Capital is committing $35 million to Jupiter, the Solana-based onchain trading and liquidity aggregator. The companies said tokens were bought at prevailing market prices with no discount, carried extended lockups, and the transaction settled entirely in JupUSD, with warrants enabling ParaFi to purchase additional tokens at higher prices. Jupiter described it as its first outside capital.

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 2, Ripple highlighted fresh milestones and scrutiny. The company said it obtained full Electronic Money Institution authorization in Luxembourg after an earlier preliminary nod, while U.S. case files mentioned Ripple in an email release; XRP hovered near $1.64 and recently touched about $1.50, down 14% week‑over‑week (per CoinGecko).

On February 2, 2026, debate around XRP intensified after May 2018 messages mentioning Gary Gensler and a July 31, 2014 Blockstream email resurfaced. Posts tagged "EpsteinFiles" make influence claims, but no evidence links Epstein to SEC actions. XRP fell almost 15% to $1.62 at press time.

On February 2, 2026, Jupiter Exchange said it secured a $35 million strategic investment from ParaFi Capital at spot price, with settlement entirely in JupUSD and an extended token lockup. The move targets long-term onchain infrastructure on Solana; at the time of writing, JUP traded around $0.1838 with market cap near $596 million.

According to Shayan Markets, XRP is tracking a clear downtrend on the daily and 4‑hour charts after multiple supports gave way. Upside attempts are contained below the $2.00–$2.20 supply, with $1.5 acting as crucial support and $1.30–$1.40 flagged as lower high‑timeframe demand. Short term, consolidation is more probable, with bounces viewed as corrective.