Daily Market Wrap | Feb. 02

Hot Topics

• Bitcoin drops below $80,000 after $1.6B January spot ETF outflows, third-worst month on record.
• Tether reports over $10 billion net profit in 2025, with excess reserves reaching $6.3 billion.
• WisdomTree reports $2.24 billion crypto AUM for Q4 2025, with CEO Steinberg noting tokenization momentum building but still early.

Market Updates

• Polymarket expands to Solana via Jupiter DEX integration, enabling in-app prediction market trading.
• CrossCurve bridge exploited for ~$3 million via spoofed cross-chain messages bypassing smart contract validation.