PANews

PANews February 5 news, according to DWF Labs partner Andrei Grachev's analysis, the cryptocurrency market may be approaching the bottom, with an expected fluctuation space of about 15% around the current price level. He believes that, although professional investors are still actively deploying funds into real-world assets and projects with 'grand visions,' the inflow of direct purchases in the spot market has almost stagnated, as those holding cash can currently trade under very favorable conditions. At the same time, merger and acquisition activities are very active behind the scenes, with many companies that have already generated revenue planning to go public.

He expects that most altcoin projects will decline after the bear market, and only those that genuinely do work and drive business development will rise with the overall growth of the future market. Retail funds are currently mostly concentrated in speculative platforms like Pump Fun, but when the market recovers and coin prices rise, they will return to the market, chasing assets and newly emerging 'grand vision' tokens that mainstream funds are currently laying out. To summarize his core views: the market is nearing the bottom; venture capital investments are active in infrastructure, RWA, and other fields; cash is king, and quality assets can be acquired at high discounts; long-term industry growth is a certainty, with the core issue being the survival rate.

Today's news highlights:

White House officials: Trump is expected to sign the cryptocurrency market structure bill before April.

Cryptocurrency compliance company TRM Labs completed a $70 million Series C financing, with a valuation of $1 billion.

PlanB proposed four scenarios for a bear market: in extreme cases, Bitcoin could retrace to $25,000.

Vitalik raised concerns about the L2 scaling model, and Arbitrum, Optimism, and Base responded in succession.

Multicoin co-founder Kyle Samani has transitioned to an advisory role, focusing on emerging technologies such as AI and robotics.

Tom Lee refuted the claim that Ethereum's treasury losses will suppress future ETH prices: 'This is a feature, not a bug.'

Author: a16z

Compiled by: Jiahui, ChainCatcher

AI systems are disrupting an internet originally designed for human scale, making collaboration, transactions, and the generation of voice, video, and text unprecedentedly cheap, and these generated contents are increasingly difficult to distinguish from human activity. We are surrounded by CAPTCHAs; and now, we are beginning to see agents interacting and transacting like humans.

The issue is not the existence of AI; it is that the internet lacks a native way to distinguish between humans and machines, while also protecting privacy and usability.

PANews reported on February 5 that the OSL Group, a leading stablecoin trading and payment platform in Asia, will hold a series of themed events called “No Ramp” during the Consensus Hong Kong 2026 conference. According to the public agenda, the OSL Group will announce the latest developments regarding its previously launched compliant USD stablecoin USDGO during the events.

The OSL Group will launch the USD stablecoin USDGO on December 11, 2025, positioning it as a cornerstone in the company's global payment infrastructure development, with a formal launch expected in the first quarter of 2026. USDGO is pegged 1:1 to the US dollar and undergoes rigorous third-party audits, with Anchorage Digital, the first and only federally regulated crypto bank in the United States, serving as the issuer. The OSL Group is responsible for the brand operation and distribution of USDGO.

PANews February 5 news, according to research data from CryptoQuant, the borrowing demand in the cryptocurrency market saw a rebound at the beginning of 2026. The stablecoin lending activity on AAVE v3 slightly rebounded after hitting a low in December 2025, with the total lending volume increasing compared to the December low, indicating that market leverage demand is gradually recovering, although the recovery process is rather mild, and the market is still in a cautious rebuilding phase. In addition, the credit activity of the CeFi lending platform Nexo also saw recovery at the beginning of 2026, with loan withdrawals in January reaching $24 million, a month-on-month increase of 9%, but lending activity remains below mid-2025 levels.

We are excited to announce that AppWorks has invested in Sanctum's native token $CLOUD. This investment symbolizes our long-term belief in the Sanctum founding team and recognition of the strong moat they have built over the years.

In this article, we will share why we believe Sanctum is one of the most important infrastructures in the Solana ecosystem; how it will reshape the most misunderstood verticals in the cryptocurrency space, and why Sanctum is currently on the verge of a breakout.

Sanctum: Breaking the Norms of Solana LST

To understand Sanctum, we first need to understand the history of Solana's liquid staking tokens (LST).

In early February 2026, Trump nominated former Federal Reserve Board member and monetary policy hawk Kevin Warsh to be the next chair of the Federal Reserve. This appointment caused a significant upheaval in the global financial markets, referred to in the crypto market as the 'Warsh Effect.' Major cryptocurrencies saw a sharp decline, with nearly $1 billion in net outflows from spot Bitcoin ETFs in a single day. Our in-depth analysis suggests that the essence of the Warsh Effect is a 'shift in anchor points' regarding the underlying logic of monetary policy — transitioning from the old narrative where 'sustained inflation drives fiat depreciation, benefiting crypto assets as value storage tools' to a new paradigm of 'interest rate discipline strengthening the dollar's credibility, and liquidity contraction punishing risk assets.' In this paradigm shift, the pricing mechanism of crypto assets is undergoing structural reconstruction: the correlation between Bitcoin and tech stocks continues to strengthen, forcing acceptance of the identity as a 'high beta risk factor'; the entire market's valuation drive is shifting from liquidity expansion to actual interest rate pricing; there will be significant internal differentiation in the market, with assets that have real cash flows and practical application scenarios receiving valuation premiums. Looking ahead, crypto assets may evolve into 'non-sovereign digital collateral' rather than traditional safe-haven assets. Investors need to systematically adjust their allocation framework, viewing cryptocurrencies as 'high beta risk factors' that are highly sensitive to macro liquidity, and focus more on fundamental analysis, risk management, and liquidity reserves during tightening cycles.

Written by: angelilu, Foresight News

The top startup incubator Y Combinator (abbreviated as YC), which has successfully incubated Airbnb, Stripe, and Coinbase, announced on February 3 that starting in the spring of 2026, its funded startups can choose to receive a $500,000 investment in the form of USDC stablecoin. This is also the first official announcement from YC to provide investment in the form of stablecoins.

From Bystander to Participant

In 2012, when YC invested in Coinbase, the price of Bitcoin was only between $5 and $13. In the following 14 years, although YC invested in nearly 100 crypto companies, the investment funds were still transferred through traditional bank transfers.

PANews reports on February 5 that, according to SoSoValue data, the total net outflow of Bitcoin spot ETFs yesterday (February 4, Eastern Time) was 545 million USD.

Yesterday, the Bitcoin spot ETF with the highest single-day net outflow was the Blackrock ETF IBIT, with a single-day net outflow of 373 million USD. Currently, the historical total net inflow for IBIT has reached 61.785 billion USD.

The second highest is the Fidelity ETF FBTC, with a single-day net outflow of 86.4363 million USD. Currently, the historical total net inflow for FBTC has reached 11.192 billion USD.

As of the time of writing, the total net asset value of Bitcoin spot ETFs is 93.508 billion USD, with an ETF net asset ratio (the market value as a percentage of the total market value of Bitcoin) reaching 6.36%, and the historical cumulative net inflow has reached 54.752 billion USD.

PANews reported on February 5 that, according to SoSoValue data, there was a total net outflow of 79.4773 million USD for Ethereum spot ETFs yesterday (Eastern Time on February 4).

The Ethereum spot ETF with the highest single-day net outflow yesterday was the Blackrock ETF ETHA, with a net outflow of 58.9480 million USD, and the total historical net inflow for ETHA has reached 12.144 billion USD.

Secondly, the Fidelity ETF FETH had a net outflow of 20.5293 million USD on a single day, and the total historical net inflow for FETH has reached 2.565 billion USD.

As of the time of publication, the total net asset value of Ethereum spot ETFs is 12.708 billion USD, with an ETF net asset ratio (the market value in proportion to the total market value of Ethereum) reaching 4.85%, and the historical cumulative net inflow has reached 11.907 billion USD.