Over the last 24 hours, the digital asset market’s total value fell to $2.65 trillion, a $200 billion decline from $2.85 trillion, according to CoinMarketCap. Bitcoin slid more than 6% toward the mid-$78,000s, while Ethereum and Solana lost over 10% and 11%, amid macro jitters and a liquidity-driven unwind flagged by The Kobeissi Letter on January 31.

On February 1, 2026, Tether expanded its tokenized gold product by minting 192,657 XAUT, a tranche valued at nearly $1 billion at prevailing gold prices. Each token corresponds to one troy ounce held in secured vaults, primarily in Switzerland. The issuance highlights growing on-chain demand for real-world assets and differs from fiat-pegged stablecoins due to commodity price exposure.

Crypto ETFs saw a $1.7 billion weekly net outflow, the biggest since mid-November, with cumulative three-month outflows at $2.6 billion. Bitcoin products led with about $1.1 billion redeemed, followed by Ethereum at $630 million and XRP at $18 million. On 29 January and the next day, outflows reached $817 million and $510 million, marking four straight redemption days.

On February 1, 2026, fresh data on India's crypto tax regime for FY 2024–25 showed ₹511.83 crore collected as TDS, with a significant divergence between tax deducted and actual liability. Nearly half of investors ended the year with net losses, yet many still owed or paid tax on gains that could not be offset. Ahead of the Union Budget 2026, industry participants are urging reforms to the 30% tax, loss set-off rules, and the 1% TDS on virtual digital asset trades.

On February 1, 2026, Ark Invest projected that tokenized real-world assets may surpass $11 trillion in value by 2030, up from an estimated $19–22 billion today. The firm expects growth to be driven by institutional adoption, clearer regulation and tokenization of assets such as sovereign debt, bank deposits and public equities.

The SEC said it will operate with minimal staff beginning January 31, 2026 due to a U.S. government shutdown. Its contingency plan pauses tokenized securities registration and crypto product exemptions, slowing reviews across key divisions. Markets expect short-term disruption, while Ethereum trades at $2,439.50 after recent declines.

On February 1, 2026, Arkham Intelligence said the trader known as the Hyperunit whale emptied its ETH treasury into Hyperliquid, with estimated losses near $250 million. The account had earlier made roughly $200 million by shorting Bitcoin and Ether ahead of Donald Trump’s 100% tariff announcement in October. CoinMarketCap showed ETH at $2,418.31, down 10.31% over 24 hours.

On January 31, 2026, the U.S. government entered a partial shutdown after Senate funding votes failed amid DHS reform disputes. A Senate spending bill awaits House review until February 2. Bitcoin traded at $78,552.41, down 6.55% over 24 hours and 11.89% over the past week, with dominance at 58.96% and a market cap of 1.57 trillion.