Crypto Morning Brief: US Stocks Plunge Across the Board, HyperLend Releases HPL Token Economics
TechFlow Selected TechFlow Selected
Crypto Morning Brief: US Stocks Plunge Across the Board, HyperLend Releases HPL Token Economics
Chainlink launches 24/5 U.S. stock data service, connecting traditional equities markets with blockchain.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Update
U.S. stock indices plunged, chip stocks, gold and silver hit new highs
All three major U.S. equity indices dropped sharply, with the Nasdaq Composite falling over 2%, the S&P 500 down more than 2%, and the Dow Jones Industrial Average declining approximately 1.7%–1.8%. Market fear sentiment rose, pushing the VIX volatility index to recent highs.
Tech and semiconductor stocks broadly declined, with heavyweight names including Nvidia, Tesla, Apple, and Amazon under pressure, dropping between 3% and 4%+.
U.S. Treasury yields surged to multi-month highs as bond selling intensified; the dollar index weakened.
Gold and silver prices reached new all-time highs, with spot gold briefly spiking to around $4,750–$4,763 per ounce, while silver broke above the $90 per ounce level.
U.S. Supreme Court does not rule on legality challenge of Trump’s global tariffs
The U.S. Supreme Court has not issued a ruling on the legal challenge regarding the validity of former President Trump’s proposed global tariffs.
CFTC Chair launches "Future Proof" initiative to upgrade cryptocurrency regulation
According to The Block, Michael Celis, the newly appointed Chair of the U.S. Commodity Futures Trading Commission (CFTC), announced the launch of the "Future Proof" initiative on January 20, aiming to modernize the CFTC’s regulatory approach toward digital assets. In an op-ed published in The Washington Post, Celis emphasized that existing regulatory frameworks are no longer suitable for the rapidly evolving digital asset markets, advocating for a “minimum effective dose” regulatory strategy.
Celis stated that if Congress passes legislation expanding the CFTC’s regulatory authority, the agency is prepared to assume oversight responsibilities for digital asset markets.
Trump Media announces record date for digital token program as February 2
Trump Media & Technology Group (Nasdaq, NYSE Texas: DJT) today announced that the record date for its digital token program will be February 2, 2026. Beneficial owners and registered holders who own at least one share of DJT stock by that date will be eligible to receive tokens and associated rewards. The company will partner with Crypto.com to mint and custody these digital assets.
Hong Kong Securities and Futures Professional Society: Hong Kong has completed initial virtual asset regulatory infrastructure; next focus should shift to commercial application deployment
The Hong Kong government plans to release the 2026/2027 fiscal budget on February 25, with content focusing on virtual assets and investor protection. The Hong Kong Securities and Futures Professional Society stated that Hong Kong has completed its preliminary virtual asset regulatory infrastructure, and the next priority should be advancing commercial applications. By unlocking RWA secondary market liquidity, accelerating product approvals, attracting international liquidity, and enhancing industry training, Hong Kong can evolve from a regulatorily clear market into a globally leading virtual asset hub characterized by abundant liquidity and widespread adoption—aligning with the nation’s “15th Five-Year Plan” goals for financial liberalization and digital economy development.
HyperLend unveils HPL tokenomics: Genesis allocation at 25%, ecosystem growth and incentives at 30.14%
According to HyperLend’s official X account, the lending platform has released its HPL token distribution plan:
Ecosystem growth and incentives: 30.14%;
Genesis allocation: 25%;
Core contributors: 22.5%;
Strategic investors: 17.36%;
Liquidity: 5%.
Pendle launches sPENDLE liquid staking token: Reduces lock-up period from years to 14 days
According to The Block, DeFi protocol Pendle has launched sPENDLE, a liquid staking token that officially replaces the previous vePENDLE system requiring multi-year lockups. The new mechanism reduces withdrawal time from several years to just 14 days, introduces transferable and composable token features, and simplifies user participation. Pendle noted that the original vePENDLE model attracted only about 20% of total token supply—the lowest among similar models. The new system will allocate up to 80% of protocol revenue toward PENDLE buybacks and implement an algorithmic emissions model, expected to reduce overall emissions by approximately 30%. Existing vePENDLE holders will receive bonus multipliers of up to 4x based on remaining lock-up duration, which will linearly decay over two years.
Analysis: Recent surge in Ethereum network activity may be linked to address poisoning attacks
According to Cointelegraph, security researcher Andrey Sergeenkov said the record-breaking surge in Ethereum network activity could be tied to a wave of address poisoning attacks exploiting low gas fees.
Since Ethereum’s Fukuoka network upgrade in December, transaction costs have dropped over 60%, making such attacks more economically viable. Data shows that during the week starting January 12, Ethereum added 2.7 million new addresses and daily transactions spiked to over 2.5 million.
Address poisoning attacks involve scammers sending small transactions from wallet addresses resembling legitimate ones, tricking users into copying the wrong address during transactions. Research indicates some top “poisoners” have sent transactions to over 400,000 recipients, with 116 victims already losing more than $740,000 through this method.
Chainlink launches 24/5 U.S. stock data service, bridging traditional equities and blockchain
In an official announcement, Chainlink recently launched its 24/5 U.S. stock price data feed, providing blockchain applications with real-time data on U.S. stocks and ETFs, covering both regular and off-hours trading periods. The service is now live across multiple blockchain platforms, designed to bridge the gap between traditional market hours and continuous blockchain operations, enabling blockchain-based use cases for U.S. equities.
Multiple trading platforms, including Lighter and BitMEX, have adopted the service for applications such as stock perpetual contracts and prediction markets. Beyond price data, the feed includes bid/ask quotes, volume, and market status information, supporting pricing and risk management for on-chain financial products. This marks a significant advancement in blockchain financial infrastructure.
Trend Research purchases additional 6,656 ETH, now holds ~$1.91 billion worth of Ethereum
According to Onchain Lens (@OnchainLens), Trend Research borrowed $20 million in USDT and used the funds to purchase 6,656 Ether (ETH), subsequently depositing the ETH into the Aave V3 protocol.
Trend Research now holds 651,310 ETH, valued at approximately $1.91 billion.
Bitmine receives shareholder approval to increase authorized shares, enhancing future financing flexibility
According to CoinDesk, Bitmine Immersion Technologies received shareholder approval to raise its cap on authorized shares, increasing future financing flexibility. The company currently holds 4.203 million ETH, 193 BTC, a $22 million stake in Eightco Holdings, and nearly $1 billion in cash.
As disclosed in a press release issued Tuesday, Proposal No. 2 was approved with 81% of votes at the annual general meeting held on January 15, authorizing an increase in the total number of authorized shares. This does not imply immediate share issuance but raises the ceiling for future fundraising, mergers and acquisitions, or continued accumulation of Ethereum holdings.
Pump.fun launches investment arm Pump Fund and $3 million "Build in Public Hackathon"
According to Pump.fun’s official X account, the platform has launched its investment division, Pump Fund, and unveiled a $3 million “Build in Public Hackathon.” The hackathon will fund 12 projects, each receiving $250,000 in funding at a $10 million valuation, along with mentorship from Pump.fun founders.
Participating projects must issue a token, build publicly, and hold at least 10% of the token supply. Unlike traditional hackathons, this event uses a tokenized model where market dynamics—not judges—determine project value. Applications close on February 18, 2026, with the first winners to be announced within 30 days.
Market Data
Suggested Reading
This article is a transcript of Qiao Wang’s podcast interview, discussing investment trends in 2026, AI’s impact on startups, current market sentiment, and topics like health and time management. Qiao shares insights on portfolio construction, AI tools, and predictions for future technology and market developments.
Analyzing X’s open-source recommendation algorithm: What kind of content truly engages audiences?
This article examines the architecture and logic changes in X’s latest open-sourced recommendation algorithm, Phoenix, highlighting the shift from manual feature engineering to AI-driven models and its implications for content creators. It also offers practical advice for creators and discusses the limitations and value of open-sourcing algorithms.
Nyse plans 24/7 stock trading—The world is becoming one giant exchange
This article covers the NYSE’s announcement of plans to launch a tokenized securities platform enabling round-the-clock trading of U.S. stocks and ETFs, settled instantly via stablecoins. This represents deeper integration between traditional finance and crypto infrastructure, eliminating barriers of time, space, and access to enable seamless global trading. While leveraging crypto’s technical infrastructure, broader real-world adoption remains a work in progress.
Wintermute: Three conditions necessary for the 2026 crypto market recovery
This article analyzes why the crypto market failed to achieve a broad rebound in 2025, showing extreme polarization. Leading market maker Wintermute argues the traditional four-year halving cycle is no longer valid, with market dynamics shifting from “seasonal rotation” to “liquidity lock-up.” While Bitcoin and Ethereum have become institutionalized through ETFs, altcoin lifecycles are shortening and overall market pressure persists. A 2026 recovery hinges on three key variables: expansion of institutional investment scope, wealth effects driven by mainstream assets, and retail attention returning from equities back to crypto. Future performance depends on liquidity diffusion and structural shifts.
Stop grinding mindlessly—The best airdrops often come unexpectedly
This article explores how genuine on-chain interactions—not mechanical farming—lead to high-quality crypto airdrops. It emphasizes the importance of building on-chain reputation and meaningful contributions, citing multiple successful retroactive airdrop cases to reveal their underlying logic. It also offers strategies to avoid “grinding fatigue,” encouraging users to engage authentically with protocols they genuinely support.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
