Daily Market Wrap | Feb. 09

Hot Topics

• Global crypto ETP outflows slowed to $187 million last week, signaling early stabilization.
• Crypto liquid funds, caught off guard by Bitcoin's rapid 20%+ crash.
• Tether's gold holdings surpass $23 billion, with recent buys outpacing most central banks, per Jefferies.

Market Updates

• CoinShares estimates only ~10,200 BTC face meaningful quantum risk, deeming broader threats overstated.
• ENS Labs scraps Namechain Layer 2, deploying ENSv2 exclusively on Ethereum mainnet.