GM20260204
1) Market Trends
BTC has dropped significantly to new lows, altcoins are also down. BTC's rebound is noticeably weaker than gold.
U.S. stocks are down, led by storage and aerospace. Oil prices are rising, and the situation in Iran is tense.
2) Market Highlights:
1. The hype around perp is increasing. Hype will launch a prediction market, with currently 60% of revenue coming from crypto, 20% from gold and silver, and 20% from U.S. stocks. Hype's target customers are primarily in regions with strong regulations like the U.S., Singapore, EU, and Japan, which offshore CEXs dare not touch, while U.S. compliant exchanges cannot offer perpetual contract products. Hype currently has about $100 million in monthly fee income, unlocking $300 million, with a net release of $200 million each month; however, unlocking does not necessarily mean selling off at that time.
2. The price of gold RWA's PAXG and XAUT is rising. Gold and silver have rebounded after being oversold.
