Federal Reserve Governor Milan: The Fed Needs to Cut Interest Rates by About One Percentage Point This Year

Cipher Mining Inc. plans to raise $2 billion through the U.S. high-yield bond market to fund data center construction tied to Amazon, Bloomberg reported Feb. 3. The company said it will issue privately placed bonds maturing in 2031 to cover remaining construction costs for its Black Pearl mining data center in Wink, Texas.

On February 3, the UK’s data protection regulator launched an investigation into Elon Musk’s xAI, ramping up scrutiny over the AI chatbot Grok’s use to generate and share personalized images of individuals. The UK Information Commissioner’s Office (ICO) said in a Tuesday statement that the formal probe will focus on whether xAI improperly processed personal data when creating these images. Last month, Grok sparked strong public and political backlash after X users coerced the chatbot into generating AI images of real people without their consent. Earlier Tuesday, French law enforcement raided X’s office in Paris. The ICO noted it has the power to impose a maximum fine of ￡17.5 million (around $24 million) on xAI, or 4% of the company’s global annual revenue—whichever is higher. (Source: Golden Finance)

On February 3, Yi Lihua, founder of Liquid Capital (formerly LD Capital), took to social media to share: "As a participant in this bull run, we still hold high hopes for the new bull market’s performance—ETH hitting over $10,000 and BTC surpassing $200,000. Liquid Capital has only made partial portfolio adjustments to manage risk, and our outlook on the future bull market remains unchanged. I understand the frustration many feel toward the industry and key players, especially after the 1011 incident, which triggered liquidity crunches and alleged platform manipulation. But I believe the crypto industry’s long-term trend is intact. When calculating investment returns over the next three years, now is the best time to buy spot assets. Volatility is a defining feature of crypto; throughout history, countless investors have been shaken out by this volatility, yet rebounds that doubled in value often followed."

On February 3, Robinhood announced it has listed the gold token PAXG.

On February 3, per Bitget market data, spot silver climbed above $88 per ounce—fully recouping yesterday’s losses and notching an intraday gain of over 11%.

Bloomberg — Galaxy Digital, the cryptocurrency financial services firm founded and led by billionaire Michael Novogratz, reported a wider-than-expected loss in the fourth quarter of 2025 amid a downturn in the crypto market. In a Tuesday statement, the company said its net loss for Q4 2025 totaled $482 million, or $1.08 per share—driven primarily by falling digital asset prices during the period. Bloomberg-surveyed analysts had forecast a loss of $282 million, or $0.99 per share.