According to Bitwise's latest Weekly Crypto Market Compass, Bitcoin's price slump driven by heavy crypto ETP outflows and widespread futures liquidations has pushed key valuation metrics into rarely seen discount territory. The report notes that BTC briefly dropped to about $74,700, with nearly 78% of invested capital estimated to be underwater, while sentiment and positioning indicators suggest an increasingly contrarian setup for the broader crypto market.

SpaceX said it will merge with xAI, aligning Elon Musk's AI startup with the aerospace company to pursue orbital data centers and off-Earth AI infrastructure. Tesla previously disclosed a $2 billion purchase of xAI preferred stock, while questions remain about how the combination could influence any future SpaceX listing.

On February 1, 2026, Michael Saylor said Strategy lifted the dividend on its Stretch (STRC) preferred stock by 25 bps to 11.25% for February. It is the sixth rise since the product launched in July 2025, and the rate resets monthly to help keep pricing near the $100 par. STRC last closed at $98.99, with $2.25 billion in reserves supporting payout obligations.

On Friday, Bitcoin fell up to 4% to $81,045, its lowest since November, before trading near $83,651. The move followed U.S. President Donald Trump's nomination of Kevin Warsh as Fed chair and coincided with three straight months of spot ETF net redemptions. Traders debated support near $85,000–$90,000 amid a lingering risk-off tone.

On January 30, 2026, Tether published its Q4 2025 attestation, reporting more than $10 billion in net profit for 2025. The BDO Italy–signed report showed $6.3 billion in excess reserves against $186.5 billion in liabilities, as USDT supply climbed by roughly $50 billion to over $186 billion.

SpaceX is in early talks to merge with xAI and has also weighed a broader combination that could involve Tesla, according to Reuters. The discussions tie into a potential public listing expected later this year, while prediction market odds imply roughly a 50% chance of a SpaceX–xAI deal by mid‑2026 versus about 16% for a Tesla–xAI combination.

Securitize filed a registration statement with the U.S. SEC on Wednesday to advance a SPAC merger with Cantor Equity Partners II, backed by Cantor Fitzgerald. The filing reported $55.6 million in revenue for the first nine months of 2025, up 841% year over year, and $18.8 million for 2024. Cantor Equity Partners II rose 4.4% late Thursday.

Strategy’s shares fell more than 9% in the past 24 hours as Bitcoin declined about 6% to around $82,300, bringing the coin within less than $10,000 of the firm’s average cost. The move tightened the buffer on its large Bitcoin treasury and renewed scrutiny of the stock’s valuation premium and risk profile.

Coinbase has introduced prediction markets across all 50 U.S. states through a partnership with Kalshi, extending its services beyond conventional crypto trading. The rollout, announced in a Wednesday X post, allows users to trade contracts on real-world outcomes in areas such as sports, politics, and culture. This move supports Coinbase's long-term plan to develop an "everything exchange" that includes multiple asset classes within one platform.