Meme Coin KellyClaude Surges to New All-Time High Market Cap of Over $9 Million, with a 24-Hour Growth of 60%

On February 3, analysis showed shrinking liquidity and fading risk appetite have sent cryptocurrency spot trading volume plummeting, with investor participation notably weakening. Data indicates spot volume on major exchanges has halved—from roughly $2 trillion in October 2023 to $1 trillion at the end of January—hitting its lowest range since 2024. CryptoQuant noted spot demand has cooled since October, with the market correction largely triggered by the October 10 liquidation event. Bitcoin’s spot price has dropped about 37.5% from its October high, further tightening liquidity and squeezing trading volume. For example, Binance’s monthly Bitcoin spot trading volume fell from around $200 billion in October to $104 billion currently. Beyond weak demand, liquidity faces additional pressure: Stablecoins are continuing to flow out of exchanges, while the total stablecoin market cap has shrunk by ~$10 billion—eroding the buying pressure base further. On the macro front, institutio

February 3rd — Several institutions note that the sharp rebound in gold and silver prices following a historic sell-off stems more from position adjustments and short-term catalysts than a trend reversal. While technical indicators appear overheated and positioning is crowded, the medium- to long-term drivers underpinning the gold and silver bull market remain solid. Deutsche Bank argues the recent sell-off in the metals has far outpaced apparent bearish signals. The willingness of official, institutional, and individual investors to allocate to gold and silver hasn’t materially weakened, and the current environment differs fundamentally from the long-term weakness phases the metals saw in the 1980s or 2013. Barclays also points out that gold demand remains resilient amid geopolitical uncertainties, rising policy risks, and ongoing reserve asset diversification. For silver, while its volatility is more pronounced due to its smaller market size and high retail participation, its i

The circulating supply of $USDT on #Tron has reached $82.915B, surpassing #Ethereum to rank #1.

February 3rd, per Lookonchain monitoring, Arthur Hayes is continuing to offload his crypto holdings: His associated address just transferred 327,869 PENDLE tokens (≈$502k) and 3.6 million ENA tokens (≈$499k) to FalconX, suggesting a potential further sell-off. Earlier this morning, Hayes also deposited 2.31 million LDO tokens to FalconX, valued at roughly $980k.

February 3 Barclays noted that since 1930, the S&P 500 has averaged a 16% drawdown in the six months following a new Federal Reserve chair’s appointment—well above typical pullback levels. Should Kevin Warsh take office in May, U.S. stocks could face renewed pressure. The report added that a new Fed chair’s tenure often faces a market “test” in the months post-inauguration. U.S. stocks fell after former President Trump nominated Warsh to replace Jerome Powell, as markets viewed him as less dovish than the current chair. Analysts say leadership changes will amplify monetary policy uncertainty amid debates over Fed independence, high inflation, and slowing job growth. Should Warsh push for balance sheet reduction, it could further tighten liquidity—bearish for risk assets. However, his hawkish stance on the balance sheet may help cap gold prices and temporarily support the U.S. dollar.

Global markets stabilized on Tuesday, Feb. 3, as AI spending concerns eased—sparking a broad recovery in risk appetite. Japan’s Nikkei 225 and South Korea’s KOSPI rebounded sharply from the prior session. The KOSPI closed up 6.84% at 5288.08 points, its biggest single-day gain since March 24, 2020. Major chipmakers Samsung Electronics and SK Hynix led the rally. Samsung’s shares jumped as much as 10% intraday, marking its largest daily gain since March 2020. The Nikkei 225 rose 3.92% to close at 54720.66 points, hitting a fresh all-time high. Taiwan’s Weighted Index gained 1.81% to finish at 32195.36 points. (Source: FXStreet)