Crypto Morning Brief: U.S. ADP Data Misses Expectations; Binance SAFU Fund Buys $100 Million Worth of Bitcoin
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Crypto Morning Brief: U.S. ADP Data Misses Expectations; Binance SAFU Fund Buys $100 Million Worth of Bitcoin
Trend Research has deposited a total of 188,588 ETH (valued at approximately $426.87 million) into Binance to date, for the purpose of selling and repaying loans.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday’s Market Updates
U.S. Senate Democrats Restart Discussions on Cryptocurrency Market Structure
According to Crypto in America, Senate Democrats plan to resume discussions on cryptocurrency market structure this afternoon—a significant meeting following the postponement last month of the markup session for the Clarity Act. The session will focus on key issues including ethics and DeFi. Previously, the White House convened representatives from the cryptocurrency and banking sectors for a “constructive” dialogue on topics such as stablecoin yields. Patrick Witt, Executive Director of the White House Crypto Council, urged all parties to reach an agreement by the end of this month.
U.S. January ADP Employment Change: 22,000 vs. Expected 48,000
The U.S. January ADP employment change stood at 22,000, significantly below the expected 48,000 and the prior reading of 41,000.
U.S. SEC Files Market Manipulation Charges Against Three Crypto Market Makers: ZM Quant, Gotbit, and CLS Global
According to Financefeeds, the U.S. Securities and Exchange Commission (SEC) has filed market manipulation charges against three crypto market makers—ZM Quant, Gotbit, and CLS Global. The SEC alleges that these firms used algorithms to conduct sham trades and fabricate artificial trading volume to deceive retail investors. Additionally, the SEC has charged nine individuals—including promoters and company employees—for hiring manipulation services and executing meaningless trades, violating anti-fraud and registration provisions under securities law.
As part of the investigation, the U.S. Federal Bureau of Investigation (FBI) conducted a sting operation using a fictitious token named NexFundAI, exposing these firms’ willingness to engage in fake trading. This case has led to charges against 15 entities and triggered related criminal proceedings.
Binance SAFU Fund Buys $100 Million Worth of Bitcoin Again
On-chain data monitoring shows that the Binance SAFU Fund withdrew 1,315 BTC—valued at approximately $100 million—from Binance’s hot wallet address one minute ago.
Solana Co-Founder Updates X Profile Avatar with Backpack and Laser Eyes—Community Speculates TGE Imminent
Solana co-founder Anatoly Yakovenko updated his X profile avatar, adding laser eyes and Backpack elements to his existing Moonbird-derived avatar.
Some community members interpret this avatar change as signaling an imminent Token Generation Event (TGE) for Backpack.
CME Group Plans to Launch “CME Coin” and Collaborates with Google on Tokenized Cash Solution
According to CoinDesk, Terry Duffy, CEO of derivatives exchange CME Group, revealed the firm is exploring the launch of its own cryptocurrency, “CME Coin,” which may operate on a decentralized network.
Duffy stated during the latest earnings call that CME Group is evaluating various margin formats and collaborating with Google to develop a “tokenized cash” solution, expected to launch later this year.
Yi Lihua’s Trend Research Transfers Another 25,000 ETH to Binance, Valued at ~$53.24 Million
According to Onchain Lens (@OnchainLens), Yi Lihua’s Trend Research transferred another 25,000 ETH (valued at ~$53.24 million) to Binance early this morning.
Data shows Trend Research has now deposited a cumulative total of 188,588 ETH (valued at ~$426.87 million) into Binance, intended for sale to repay loans.
Prediction Market Platform Opinion Raises $20 Million in Pre-A Round
According to CoinDesk, blockchain prediction market platform Opinion announced the completion of a $20 million Pre-A round. Investors include Hack VC, Jump Crypto, Primitive Ventures, and Decasonic. The platform employs fully on-chain settlement and currently processes one-third of global prediction market trading volume, with open interest exceeding $130 million.
Prediction Market Platform BLUFF Raises $21 Million in Strategic Funding, Led by 1kx
According to Chainwire, prediction market platform BLUFF has completed a $21 million strategic funding round, led by 1kx, with participation from Makers Fund, Maximum Frequency Ventures, Delphi Ventures Founders, and sports champion and tech investor Tristan Thompson.
The BLUFF team comprises former executives from Stake, Bet365, William Hill, and Bodog, and is building a next-generation social prediction market platform. The platform emphasizes speed, transparency, and alignment of user incentives, offering instant registration, real-time settlement, provably fair prediction mechanisms, and reward systems for user participation in the ecosystem.
Blockchain Intelligence Firm TRM Labs Closes $70 Million Series C, Led by Blockchain Capital
According to Fortune, UK-based blockchain intelligence company TRM Labs announced the closing of a $70 million Series C round, valuing the company at $1 billion. The round was led by early investor Blockchain Capital, with participation from traditional financial institutions including Goldman Sachs, Bessemer Venture Partners, Brevan Howard, Thoma Bravo, and Citigroup Ventures.
Financial Times: Tether Lowers Fundraising Target to Just $5 Billion Amid Investor Skepticism Over $50 Billion Valuation
According to the Financial Times, Tether—the world’s largest stablecoin issuer—has lowered its fundraising target from the previously announced $15–20 billion range to possibly just $5 billion, due to investor skepticism over its $50 billion valuation target.
Tether CEO Paolo Ardoino stated in an interview that the $15–20 billion figure was a “misunderstanding”—it represented only the maximum amount of equity they would be willing to sell, not their fundraising goal. He emphasized that the company is highly profitable and remains “very satisfied” even without selling equity.
Ardoino also compared Tether to AI companies, saying: “AI companies generate the same amount of profit as us—except theirs has a minus sign in front.” Tether reportedly generated ~$10 billion in profit last year, primarily from returns on its asset holdings; however, its 2025 profits declined ~25% year-on-year.
Last September, news emerged that Tether sought up to $20 billion in financing at a $50 billion valuation.
Market Data
Recommended Reading
GameStop Exits, Saylor Keeps Buying
This article recounts how GameStop attempted—but ultimately abandoned—exploring new growth paths via Bitcoin investment. In contrast, Strategy Inc. remains steadfastly committed to holding and accumulating Bitcoin, illustrating starkly divergent beliefs and strategies. It analyzes the rationale and risks behind corporate treasury Bitcoin allocation and outlines three potential future development pathways.
X Awards $1 Million for Outstanding Articles—What Kind of Content Won?
This article discusses X’s long-form writing contest, offering a total prize pool of $2.15 million to incentivize high-quality original content creation, attract paying users, and support the platform’s long-form feature and AI model development.
February 4 Market Recap: Software Stock Crash Triggers Ripple Effects, Safe-Haven Assets Surge
This article analyzes global market volatility on February 4, 2026—particularly the collapse in software stocks and cryptocurrency markets—and explores AI’s impact on SaaS enterprises, the drivers behind gold’s rebound, and core market tensions.
OpenClaw and Moltbook Retrospective: From AI Social Narratives to Agent Economy Outlook
This article examines recent developments in AI Agent technology, especially the OpenClaw and Moltbook incidents and their market impact. It analyzes OpenClaw’s technical architecture and innovation, discusses the illusory boom surrounding the Moltbook platform, and forecasts future trends at the intersection of AI and crypto.
Tiger Research: How Is This Crypto Winter Different?
This article analyzes how the current crypto market is in a downturn, with growing skepticism among participants. Past crypto winters were largely driven by internal factors, whereas today’s volatility stems more from external catalysts—including ETF approvals, tariff policies, and interest rate shifts. Macroeconomic conditions are critical to crypto’s future: expectations of rate cuts and liquidity injections may become key drivers of recovery. The next bull market won’t be broad-based but rather bifurcated—compliant and non-compliant sectors evolving separately, leading to pronounced market divergence.
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