Sustained Bullish Momentum, HYPE Breaks $38

On February 3, ING Deutschland (ING Germany) launched access for retail customers to invest in cryptocurrency-related Exchange Traded Notes (ETNs/ETPs) via its Direct Depot platform. The offering supports investments in digital assets including Bitcoin, Ethereum, and Solana. ING noted the products are physically backed instruments issued by firms like 21Shares, Bitwise, and VanEck, and trade on regulated exchanges. This lets clients gain exposure to cryptocurrencies without managing wallets or private keys themselves. The bank also warned these products carry risks such as price volatility, issuer risk, liquidity issues, and regulatory uncertainty. It added that in Germany, the tax treatment for these ETNs mirrors directly holding cryptocurrencies—holdings of over one year may qualify for a capital gains tax exemption. (Source: The Block)

**Feb 3rd Crypto Update** Per HyperInsight monitoring (Telegram: @HyperInsight), at 13:14 today, an address starting with 0xb49 liquidated a 1,712.48 ETH long position with a liquidation price of ~$2,325 (equivalent to ~$3.98M). The proceeds were used to open a higher-leverage long position in xyz:GOLD (a tokenized gold asset). The address currently holds multiple leveraged positions: - 25x leveraged ETH long: 1,129.9 ETH (~$2.629M); unrealized gain ~$2,201 - 16x leveraged xyz:GOLD long: ~$11.3M; unrealized gain 1.53% - 10x leveraged xyz:SILVER long: ~$1.399M; unrealized loss 0.44%

On February 3, Polymarket launched Chinese New Year Gala-themed prediction markets, per information on its official page. One market asks: Will renowned singer Li Guanyi perform at the 2026 Spring Festival Gala? Another focuses on robot brands participating in the gala, with Yushu and Zhipu listed as predicted participants.

Per Farside Investors data as of February 3rd: - U.S. Bitcoin spot ETFs saw a net inflow of $561.8 million yesterday, **snapping a 4-day streak of net outflows**. - IBIT: $142 million net inflow - FBTC: $153.3 million net inflow - Ethereum ETFs posted a **net outflow of $2.9 million** yesterday: - ETHA: $82.1 million net outflow - FETH: $66.6 million net inflow

**Feb 3 Update** Per Coinbob Popular Address Monitoring (via Telegram: @Coinbob_track_CN), HYPE’s price surge from $30 to $38.5 has sharply narrowed unrealized losses for one of its largest on-chain longs—a whale suspected of insider trading ahead of HYPE’s listing. The position is now near breakeven. Current details on the 5x leveraged HYPE long: - Position size: ~$52M - Average entry price: $38.67 - Unrealized loss: $1.1M (-10%) - Weekly capital recovery: >$15M Background on the whale: The address went long HYPE *before* its Robinhood listing on Oct 23 last year. Its entry price was later undercut, leaving it in unrealized loss for months—with no position adjustments or reductions since. Key prior metrics: - Peak unrealized loss: ~$26M - Liquidation price: ~$20.1 - Liquidation risk hit as low as 0.37% in mid-late January ### Notes on U.S. style alignment: 1. **Concise phrasing**: Uses "Update" (common in crypto news alerts) and bullet points for scann

February 3, per Onchain Lens data, a whale has spent 2.98 million USDC over the past two hours to purchase 647.15 XAUT at 4,601 USDC per token.