Blockstream CEO Denies Financial Ties to Epstein

On February 2nd, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone noted that a key variable as silver and Bitcoin head back toward $50/oz and $50,000, respectively, could be the gradual return of stock market volatility. Until volatility normalizes, initiating new risk-on positions in these assets may not be prudent—especially given the evolving nature of former President Trump’s policies. A cautious short stance could be a reasonable call if silver breaks above $100 or Bitcoin nears $100,000. Reportedly, McGlone’s bearish take on Bitcoin grew notably persistent toward the end of 2025 and early 2026. Around November 2025, he began openly predicting Bitcoin could drop to $50,000 in 2026—roughly a 60% decline from its then-all-time high.

Feb. 2 — Per Onchain Lens monitoring, BlackRock has just deposited 58,327 ETH into Coinbase (approx. $133.32 million) and could further increase its deposit volume.

The White House is set to meet with crypto firms and banks at 1 p.m. ET on February 2 (2 a.m. Beijing Time on February 3) to discuss disagreements over stablecoin yields in the CLARITY Act.

On February 2, ZAMA officially published an article detailing its network staking mechanism. The Zama protocol uses a Delegated Proof of Stake (DPoS) mechanism, allowing users and participants to delegate their ZAMA tokens to operators that run the network’s infrastructure. There are currently 18 active operators: 13 Key Management Service (KMS) nodes and 5 Fully Homomorphic Encryption (FHE) co-processors. Staking rewards are funded by the protocol’s inflation mechanism, with an annual inflation rate of 5% of the initial total ZAMA supply. Of this, 60% goes to KMS operators and their delegators, while 40% goes to co-processor operators and their delegators. Rewards are distributed based on the square root of each operator’s total stake—meaning delegators earn higher returns by staking with smaller operators, which incentivizes network decentralization. Operators deduct a commission (up to 20%) before distributing rewards to delegators; the remaining amount is split proporti

Feb. 2 — Per Onchain Lens monitoring, a whale has spent 1.94 million USDC to acquire 414.37 XAUT at $4,673 each over the past three hours.

**February 2nd** Per Coinglass data, the crypto market’s funding rates reflect **overwhelmingly bearish sentiment** after another intraday dip today—with bearishness toward BTC and ETH even stronger than that for altcoins. - BTC and ETH contract funding rates are **negative across nearly all platforms**; - Altcoin rates, while bearish overall, are mostly positive. Specific funding rates are detailed in the attached image. --- **BlockBeats Note**: Funding rate is a fee mechanism for crypto perpetual contracts (set by exchanges) to align contract prices with underlying asset values. It involves fund exchanges between long and short traders—**exchanges do not charge this fee**. Its purpose is to adjust the cost or profit of contract holders, keeping prices in line with the underlying asset. - 0.01% = baseline rate; - Above 0.01% = generally bullish; - Below 0.005% = generally bearish.