Daily Market Wrap | Feb. 05

Hot Topics

• Silver plunges 17%, reigniting leveraged tokenized metal liquidations.
• Bitcoin slides below $71,000 to lowest since October 2024 amid tech selloff and ETF outflows.
• Tether's USDT adds record 35.2 million users in Q4 2025, reaching 534.5 million total amid market downturn.

Market Updates

• SBI Holdings unveils Strium Network proof-of-concept, a Layer 1 blockchain co-developed with Startale for tokenized securities.
• Multicoin co-founder Kyle Samani steps back from the firm to explore AI and other tech, continuing Solana advocacy.