Crypto Technical and Fundamental Expert Here to prevent you from losing your hard earned money in trading News Updates Signals Motivation Not Financial Advice
MARKET UPDATE: $ALTCOINS ➖➖➖➖➖➖➖ The monthly candle has just closed, and altcoins are ending the month below their ascending trendline. This close confirms structural weakness rather than consolidation, increasing downside risk across the broader market.
As long as this structure remains broken, altcoins stay vulnerable and upside moves should be treated as corrective. ➖➖➖➖➖➖➖
Vitalik Buterin said creator coins fail because the real challenge today is filtering for high-quality content, not incentivizing more of it. He pointed to Substack’s curated, hands-on model as more effective and suggested small, non-token DAOs to select creators, with creator coins acting as prediction tools rather than pure speculation.
SoSoValue announced that its Layer-1 order-book trading platform SoDEX is now open to the public. $SOSO serving as the gas and governance token for the underlying ValueChain. SoDEX goes live with a points incentive program, 150 million $SOSO allocated for ecosystem rewards.
Asia’s Weekly TOP10 Crypto News: Hong Kong accelerates virtual asset and stablecoin regulation; Russia’s crypto rules set to take effect in 2027; South Korea considers allowing institutions to issue virtual assets; Kazakhstan plans to build national crypto reserves with seized assets; Japan launches public consultation on new crypto and payment regulations and More.
According to PeckShield, the crypto industry recorded 16 hacks in January 2026 with total losses of $86.01 million, down 1.42% YoY but up 13.25% MoM, while phishing losses remained severe at over $300 million. The largest incidents included Step Finance ($28.9M), Truebit ($26.4M), SwapNet ($13.3M) and Saga ($7M).
February 1, 2026 ➖➖➖➖➖➖➖ MARKET ANALYSIS: Market Cap.: $3.14 T 24h Volume: $127.08 B $BTC Dominance: 59.8 % $ETH Dominance: 12.1 % ➖➖➖➖➖➖➖ TOP GAINERS (BINANCE FUTURES) SOL/USDT: +17% Solana leads large-cap gains with sustained futures participation. AXS/USDT: +13% Axie Infinity extends upside as buyers remain active. LPT/USDT: +11% Livepeer maintains positive momentum supported by derivatives flow.
HIGHEST VOLUME (FUTURES) BTC/USDT: $10.48 B Bitcoin futures continue to dominate liquidity and hedging activity. ETH/USDT: $5.89 B Ethereum volume stays solid but secondary to BTC flows.
DAILY OUTLOOK The cryptocurrency market on February 1, 2026 records a total capitalization of $3.14 T with higher 24h volume, reflecting renewed participation. Bitcoin dominance at 59.8 % confirms continued capital concentration, while Ethereum maintains a stable secondary role at 12.1 %. Futures activity shows selective strength in established large-cap assets, reinforcing a rotational environment rather than a broad market breakout. ➖➖➖➖➖➖➖
CryptoQuant CEO Ki Young Ju said Bitcoin is declining as selling pressure persists and fresh capital inflows have dried up. He added that without major selling from MicroStrategy’s Michael Saylor, a deep 70% crash like past cycles is unlikely, but warned the market has not yet found a clear bottom and may enter a prolonged sideways consolidation.