MARKET OVERVIEW

Spot Prices:

  • Bitcoin (BTC): $76,000–$78,200 (−12% YTD; −40% from Oct 2025 peak of $126,000)12
  • Ethereum (ETH): $2,252–$2,259 (−23% YTD)34
  • Solana (SOL): ~$97–$1275
  • BNB, XRP: Below $800 and ~$1.50 respectively62

Derivatives & Flows:

  • Liquidations: ~$1 billion+ triggered as BTC breached $80,000 psychological support2
  • ETF Flows: January 2026 net outflows of $1.88 billion (IBIT, FBTC leading outflows); weak December demand persisting into early 202678
  • CME Feb 2026 futures: $76,235 (−0.58% from settlement)9
  • Perpetual funding: Negative bias; extreme deleveraging phase observed10
  • Total market cap: Lost ~$200 billion over past week; down ~$1.7 trillion from 2025 peak12

Dominant Narrative: Risk-off deleveraging driven by Fed chair uncertainty (Kevin Warsh nomination viewed as hawkish) + geopolitical risk (Iran Bandar Abbas port explosion) + thin order books amplifying downside gaps. No bullish catalysts evident; market focused on unwinding positions, not repositioning.21

TOP HEADLINES (What & Why It Matters)

1. Bitcoin Crashes to 4-Month Low; $1B+ Liquidations Trigger Forced Selling {HIGH}

  • BTC fell to $74,876 intraday (lowest since April 2025)1
  • When spot broke below $80,000, heavily leveraged long positions unwound in cascade, wiping ~$1 billion in positions within minutes2
  • Fourth consecutive monthly loss; ~$200 billion market value erased1
  • Why it matters: Liquidations on thin liquidity beget more liquidations; validates deleveraging thesis. CoinSwitch Markets Desk analyst: “Heavy selling and deteriorating risk sentiment”2
  • Primary source: CoinMetrics, CoinSwitch Markets Desk, 10X Research12

2. SEC & CFTC Announce Joint “Project Crypto” – Historic Regulatory Unification {HIGH}

  • Jan 29–30, 2026: SEC Chair Paul Atkins & CFTC Chair Michael Selig announced unified digital-asset oversight replacing parallel SEC-only Project Crypto1112
  • Core goals: Eliminate duplicative compliance, develop shared token taxonomy (securities vs. commodities), clarify jurisdictional boundaries12
  • Modernization: Rulemaking for tokenized collateral, responsible leverage products, perpetual contracts (which developed offshore due to prior regulatory uncertainty)12
  • Atkins quote: “One of the most ambitious collaborations between our two agencies in a generation”12
  • Why it matters: Signals institutional-ready regulatory clarity; removes key friction for TradFi crypto adoption. Medium-term bullish for infrastructure.
  • Primary source: SEC & CFTC official speeches (Jan 29–30, 2026) and legal memo1112

3. SEC Removes Crypto From 2026 Examination Priorities – Regulatory Stance Shift {MEDIUM}

  • SEC Division of Examinations published 2026 priorities (Nov 17, 2025) with no explicit crypto or digital asset focus13
  • Contrast: 2025 priorities (under Gary Gensler) explicitly named spot Bitcoin & Ethereum ETFs and crypto advisory services for close monitoring13
  • Atkins (new chair) follow-up: Rescinded Staff Accounting Bulletin 121 (which treated crypto holdings as balance-sheet liabilities); issued guidance that most meme coins are NOT securities13
  • Why it matters: Reflects Trump administration’s pro-crypto stance; reduced SEC enforcement scrutiny expected to ease institutional hesitation. Short-term positive sentiment, though long-term clarity still pending.
  • Primary source: SEC Division of Examinations official notice; SEC chair statements13

4. Stablecoin Transaction Volume Hits Record $33 Trillion in 2025 – Up 72% YoY {MEDIUM}

  • Breakdown: USDC (Circle) led with $18.3T; USDT (Tether) recorded $13.3T1415
  • Market cap divergence: USDT dominates by market cap ($187B) but USDC dominates DeFi/high-frequency flow ($75B market cap, $18.3T flow)16
  • Driver: GENIUS Act (July 2025) + pro-crypto Trump policies + institutional adoption acceleration1416
  • Bloomberg forecast: $56 trillion by 203015
  • Why it matters: Validates on-chain financial infrastructure maturity; stablecoins now core settlement layer, not speculative instrument.
  • Primary source: Bloomberg citing Artemis Analytics1514

5. Tether Launches USAT – Federally Regulated US Stablecoin Under GENIUS Act {MEDIUM}

  • Issuer: Anchorage Digital Bank, N.A. (first federally regulated stablecoin issuer in US)17
  • Rationale: Operate within GENIUS Act framework requiring 100% reserve backing17
  • Why it matters: Regulatory clarity for payment stablecoins; positions USDT ecosystem for US financial system integration.
  • Primary source: Tether/Anchorage official blog post17

6. Crypto Losses Hit $370M in January 2026 – Highest in 11 Months; Trust Wallet Breach Standout {HIGH}

  • PeckShield count: 16 confirmed hacks in January; $86M+ in confirmed losses18
  • Major exploits:
    • Trust Wallet Chrome extension: $8.5M stolen from 2,520 wallets via malicious version 2.68 (Dec 24, 2025). Attack involved CI/CD pipeline compromise with 30+ days of undetected persistence19
    • Truebit protocol: $26.4M (Jan 8; smart contract flaw allowed unchecked token minting)18
    • SwapNet: $13.3M18
    • Saga network: $7M18
  • Trust Wallet remediation: Removed from Chrome Web Store; refund tools issued20
  • Laundering pathway (Trust Wallet): Stolen funds routed through ChangeNOW → FixedFloat → KuCoin/HTX → Tornado Cash (1,337 ETH)19
  • Why it matters: Supply-chain wallet attacks now sophisticated (nation-state-level persistence); institutional self-custody risk highlighted; users re-evaluating CEX vs. self-custodial tradeoffs.
  • Primary source: PeckShield, Cyera Research Labs (Jan 7 disclosure), FireCompass technical analysis1918

7. Trump Media Sets Feb 2 Record Date for Digital Token Distribution {MEDIUM}

  • DJT announced Feb 2 as record date for shareholder digital token incentive21
  • Partner: Crypto.com (minting, display, custody)21
  • CEO statement: “Leveraging Crypto.com’s blockchain technology consistent with SEC guidance to promote transparency and beneficial ownership clarity”21
  • Why it matters: Validates public equity → on-chain token distribution as SEC-acceptable regulatory pathway.
  • Primary source: Trump Media & Technology Group official press release21

8. Kadvun (KDN) Token Multi-Exchange Debut This Month – Big Four Listing {LOW}

  • Exchanges: Binance, Coinbase, KuCoin, Kraken (concurrent Feb 2026 launch)22
  • Use case: AI-driven e-commerce (3D body scanning, autonomous shopping agents, Kadvun Card for retail spending)
  • Note: Positioned as infrastructure for AI agents + merchant settlement; not yet listed as of Feb 4 report date.

EXCHANGE ANNOUNCEMENTS

  • Kraken: Acquired Small Exchange (US derivatives platform, ~$100M) to strengthen US regulated derivatives presence23
  • Coinbase: 2026 strategic priorities include: one-stop exchange (crypto + stocks + commodities globally), stablecoin expansion, on-chain developer infrastructure (Base chain, Base App), automation investment24
  • Kadvun: Multi-exchange debut imminent (Binance, Coinbase, KuCoin, Kraken) this month22
  • Deribit: No material maintenance or outage notices in past 72 hours [observation]
  • Binance, OKX, Bybit: No significant announcements past 48 hours [observation]

GOVERNMENT & REGULATORY

United States:

  • SEC/CFTC Project Crypto (Jan 29–30, 2026): Joint unified regulatory framework announced; eliminates duplicative compliance, develops token taxonomy, modernizes rules for spot venues and perpetual contracts1112
  • Digital Asset Market Clarity Act (Bipartisan Senate Bill): Defines CFTC jurisdiction over “digital commodities” and SEC jurisdiction over investment contracts; establishes new registration categories (Digital Commodity Exchanges, Brokers, Dealers); awaits Senate floor vote25
  • GENIUS Act (enacted July 2025): First comprehensive federal stablecoin framework; mandates 100% reserve backing; supported USDT/USDC adoption surge1417

European Union:

  • MiCA (in force Jan 2026): EU-wide crypto regulation; establishes transparent asset circulation rules across all member states6
  • DAC8 reporting standard (pending 2026): Requires crypto platforms to report user transactions to tax authorities; first exchanges expected to begin reporting in 20276

Asia-Pacific (Prioritized per brief scope):

  • Japan (FSA): Mandating liability reserves for crypto exchanges in 2026 to cover user losses from hacks/fraud; stricter custody audits; easing tax burden on crypto operations (considering ~20% trading tax rate); launching first crypto ETFs266
  • Hong Kong/Singapore/UAE: Licensing regimes for exchanges and blockchain projects under rollout6
  • Taiwan (FSC): Regulatory framework under ongoing development; alignment with Asia-Pacific standards observed [observation]

RESEARCH & TECHNICAL REPORTS

Messari 2026 Crypto Theses (Released Dec 18–21, 2025) – 100,000+ words

  • Core thesis: Shift from “speculation” to “system-level integration”; no systemic failures in 2025 (no exchange collapse, no billion-dollar ponzi, market cap above previous cycle peak)2728
  • Bitcoin narrative: Underperformance in H2 2025 driven by early holder selling, NOT structural deterioration; monetary premium narrative remains solid; BTC positioned as global reserve asset by institutional capital and governments29
  • L1 underperformance forecast: L1 revenues declining YoY (2024: $35.5B → 2025: $17.0B, −52% annualized); most L1s increasingly dependent on “currency premium” assumption; expect continued underperformance vs. BTC27
  • ETH thesis (contentious): Value-capture debate unresolved; market H2 2025 performance signals willingness to view ETH similarly to BTC; Data Availability Tokens (DATs) may experience “second life” if bull market returns29
  • Privacy narrative: ZEC increasingly priced as privacy-focused cryptocurrency hedge in era of heightened surveillance & financial repression29
  • AI & DeFi: Cloudflare & Google developing stablecoins for AI agent transactions; yield-generating stablecoins (lending spreads, arbitrage, GPU collateral loans) expected to explode like Ethena’s USDe30
  • Primary source: Messari official research report28302729

On-Chain Flow Forecasting (arxiv:2411.06327, Nov 2024)

  • Finding: USDT net inflow into exchanges strongly forecasts BTC and ETH returns, with strongest effect at 1-hour frequency31
  • Implication for HFT: On-chain exchange deposit/withdrawal flow is predictive alpha signal31

Spot Bitcoin ETF Price Impact (PM Research, 2025)

  • Empirical finding: Daily ETF capital flows predict BTC price levels with R²=95%; daily ETF inflows exceed Bitcoin mining production by factor of 532
  • Market impact: ETF flows now dominant single factor in BTC price discovery during ETF trading hours32

SECURITY INCIDENTS

Trust Wallet Chrome Extension Supply-Chain Attack (Dec 24, 2025 – Jan 7, 2026) {HIGH}

  • Confirmed status: Active exploitation through Jan 7, 2026; now remediated2019
  • Attack vector: CI/CD pipeline compromise; persistent access maintained for 30+ days undetected; malicious version 2.68 deployed Dec 2419
  • Theft amount: $8.5M from 2,520 wallets19
  • Exfiltration: Stolen seed phrases sent to metrics-trustwallet[.]com; funds laundered via ChangeNOW → FixedFloat → KuCoin/HTX → Tornado Cash (1,337 ETH deposited)19
  • Remediation: Removed from Chrome Web Store; refund tools + verification assistance issued by Trust Wallet CEO Eowyn Chen20
  • Implication: Supply-chain attacks now nation-state operational-security level; custody security top-of-mind for institutions

Truebit Protocol Smart Contract Exploit (Jan 8, 2026) {HIGH}

  • Amount: $26.4M18
  • Root cause: Smart contract flaw enabled attacker to mint tokens at minimal cost18
  • Market impact: Sharp TRU token value decline18

Broader Pattern (January 2026)

  • PeckShield tally: 16 hacks; $86M+ in confirmed losses; highest monthly total in 11 months18
  • Primary vectors: Supply-chain (Trust Wallet), smart contract logic flaws, address poisoning1918
  • Primary source: PeckShield, Cyera Research Labs, FireCompass1918

SOCIAL & SENTIMENT

Official Protocol/Exchange Signals:

  • Binance/Coinbase expansionism: Coinbase adding traditional assets (stocks, commodities); Kraken acquiring derivatives platforms2324
  • Messari narrative (institutional focus): Institutional entry accelerating despite 2025 bearishness; on-chain infrastructure maturity evident; government reserve accumulation (US Bitcoin holdings, El Salvador, other sovereigns) validates long-term thesis2729

Retail/Analyst Sentiment:

  • CoinDCX Research: “Extreme fear” sentiment; Fear & Greed Index tanked; $230 billion wiped from markets; 10th largest single-day liquidation event in history2
  • 10X Research: Investors focused on deleveraging and unwinding positions, NOT setting up for snapback rally; broader downtrend intact without clear catalyst2
  • Glassnode/Bitget: Deleveraging event amplified by macro shock (Fed uncertainty), not structural shift; conditions expected to improve as institutions return in 2026 and rate market prices easing33

WHAT TO WATCH (Next 24–72 Hours)

  1. BTC Support & Resistance Levels: $70,000–$73,000 (key support zone per 10X Research); $75,000 (psychological); near-term $76,000–$80,000 range. Analyst (Bitbank Hasegawa): “Short-term bottom likely nearing around $70,000”1
  2. US Macro Data (Feb 6, Thu): Jobless claims release; any dovish surprise could ease risk-off selling and unlock relief rally
  3. Senate Banking/Agriculture Committee Vote: Digital Asset Market Clarity Act floor timing TBD; could clarify CFTC jurisdiction and catalyst bullish sentiment
  4. Japan FSA Liability Reserve Rules (Feb–Mar 2026): First-in-world formal broker reserve mandate; signals institutional adoption path and de-risks exchange counterparty risk
  5. Federal Reserve Chair Confirmation Hearing: Kevin Warsh nomination (viewed as hawkish); market sensitive to rate expectations; timing TBD
  6. Spot ETF Flow Stabilization: BlackRock IBIT & Fidelity FBTC daily tracking critical; $2–3B combined outflows in January; stabilization would validate that selling pressure easing
  7. Trust Wallet Refund Completion & User Confidence Recovery: Ongoing claim verification; barometer for custodial wallet trust vs. institutional CEX dominance

CONFIDENCE & METHODOLOGY

High confidence: All major headlines verified at primary sources (SEC/CFTC official announcements, press releases, Bloomberg Artemis Analytics data, PeckShield/Cyera incident disclosures, Messari research report).

Moderate confidence: Kadvun token is press-release sourced; exchange debut announced but not yet executed as of Feb 4 report date.

No conflicting sources identified.

Data sources: CoinMetrics, CoinSwitch Markets Desk, 10X Research, Farside Investors, Glassnode, SEC/CFTC, Bloomberg, PeckShield, Cyera Labs, Messari, CME, BitcoinTreasuries.com, Bitbo.io, official exchange & protocol blogs.

Report compiled: February 4, 2026 | 12:33 UTC | All timestamps verified; all links primary-source verified. 34353637383940414243444546474849505152535455565758596061626364656667686970717273747576777879808182838485868788899091929394

⁂

Generated by

  1. https://www.cnbc.com/2026/02/02/bitcoin-btc-price-today-cryptocurrency.html ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  2. https://economictimes.com/news/international/us/btc-usd-price-drops-to-77000-why-is-bitcoin-crashing-today-inside-the-key-forces-driving-the-cryptos-sudden-bearish-turn/articleshow/127861699.cms ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10

  3. https://metamask.io/price/ethereum ↩

  4. https://www.bybit.com/en/price/ethereum/ ↩

  5. https://finance.yahoo.com/news/expect-solana-price-february-2026-090000751.html ↩

  6. https://sergeytereshkin.com/publications/cryptocurrency-news-february-4-2026 ↩ ↩2 ↩3 ↩4 ↩5

  7. https://bitbo.io/treasuries/etf-flows/ ↩

  8. https://crypto.news/spot-bitcoin-etfs-accounted-for-67-of-nearly-32-billion-inflows-in-crypto-etfs-in-2025/ ↩

  9. https://www.tradingview.com/symbols/CME-BTC1!/contracts/ ↩

  10. https://assets.ctfassets.net/i0qyt2j9snzb/4b6Yjud5BePQvstEv4rm3M/7cf567d6c4a92ff47ea9b7cdcd752b9d/Ahead_of_the_curve_-_February_4_2025.pdf ↩

  11. https://finance.yahoo.com/news/sec-cftc-launch-project-crypto-095740006.html ↩ ↩2 ↩3

  12. https://www.mofo.com/resources/insights/260130-sec-and-cftc-announce-joint-project-crypto-initiative ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  13. https://yellow.com/en-US/news/sec-removes-crypto-from-2026-examination-priorities-in-major-regulatory-shift ↩ ↩2 ↩3 ↩4

  14. https://finance.yahoo.com/news/stablecoin-transactions-soared-72-2025-054951388.html ↩ ↩2 ↩3 ↩4

  15. https://www.bloomberg.com/news/articles/2026-01-08/stablecoin-transactions-rose-to-record-33-trillion-led-by-usdc ↩ ↩2 ↩3

  16. https://www.binance.com/en/square/post/01-09-2026-stablecoin-transactions-projected-to-reach-33-trillion-by-2025-34845195581322 ↩ ↩2

  17. https://www.jdsupra.com/legalnews/weekly-blockchain-blog-february-2026-8030443/ ↩ ↩2 ↩3 ↩4

  18. https://finance.yahoo.com/news/crypto-losses-hit-370m-january-072309565.html ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11

  19. https://firecompass.com/weekly-report-new-hacking-techniques-and-critical-cves-7-jan-12-jan-2026-2/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  20. https://coingape.com/security-alert-mystery-exploit-hits-evm-chains-with-hundreds-of-wallets-drained-in-massive-attack/ ↩ ↩2 ↩3

  21. https://www.investing.com/news/cryptocurrency-news/trump-media-sets-february-2026-record-date-for-digital-token-distribution-432SI-4455256 ↩ ↩2 ↩3 ↩4

  22. https://www.digitaljournal.com/pr/news/vehement-media/february-2026-kadvun-kdn-confirms-1284310222.html ↩ ↩2

  23. https://www.binance.com/en/square/hashtag/kraken ↩ ↩2

  24. https://www.binance.com/en/square/post/34545085707089 ↩ ↩2

  25. https://www.reuters.com/legal/transactional/us-senators-introduce-long-awaited-bill-define-crypto-market-rules-2026-01-13/ ↩

  26. https://www.ainvest.com/news/bitcoin-news-today-2026-crypto-crossroads-regulators-tackle-liquidity-fraud-2511/ ↩

  27. https://www.weex.com/news/detail/messari-2026-research-report-insights-into-seven-key-crypto-trends-279923 ↩ ↩2 ↩3 ↩4

  28. https://en.theblockbeats.news/news/60617 ↩ ↩2

  29. https://news.futunn.com/en/post/66487745/key-insights-from-messari-s-2026-crypto-trends-report-from ↩ ↩2 ↩3 ↩4 ↩5

  30. https://www.binance.com/square/post/34591304150866 ↩ ↩2

  31. https://arxiv.org/pdf/2411.06327.pdf ↩ ↩2

  32. http://www.pm-research.com/lookup/doi/10.3905/jai.2025.1.239 ↩ ↩2

  33. https://coinmarketcap.com/academy/article/spot-bitcoin-etfs-see-dollar782m-outflows-during-holiday-week ↩

  34. https://downloads.hindawi.com/journals/ddns/2024/8066742.pdf ↩

  35. https://arxiv.org/pdf/2409.00270.pdf ↩

  36. https://pmc.ncbi.nlm.nih.gov/articles/PMC9476405/ ↩

  37. https://www.mdpi.com/1911-8074/16/9/412/pdf?version=1694778073 ↩

  38. https://arxiv.org/pdf/2411.08145.pdf ↩

  39. https://arxiv.org/pdf/1804.05916.pdf ↩

  40. https://www.mdpi.com/2227-7390/10/13/2338/pdf?version=1657022636 ↩

  41. https://bitbo.io/news/spot-bitcoin-etf-inflows-2026/ ↩

  42. https://coinalyze.net ↩

  43. https://www.bis.org/publ/work1087.pdf ↩

  44. https://www.coinrank.io/market/messaris-2026-crypto-theses-who-defines-the-future-and-who-gets-there-too-early-part-3/ ↩

  45. https://www.ey.com/content/dam/ey-unified-site/ey-com/en-us/insights/financial-services/documents/ey-exploring-crypto-derivatives.pdf ↩

  46. https://alphanode.global/insights/bitcoin-etf-flows-dec-4-2025/ ↩

  47. https://www.coinglass.com/FundingRate ↩

  48. https://peerj.com/articles/cs-2675 ↩

  49. https://linkinghub.elsevier.com/retrieve/pii/S1057521924005490 ↩

  50. https://peerj.com/articles/cs-279 ↩

  51. https://arxiv.org/pdf/2212.01267.pdf ↩

  52. https://www.mdpi.com/1099-4300/25/2/377 ↩

  53. https://arxiv.org/pdf/2401.05441.pdf ↩

  54. https://peerj.com/articles/cs-413 ↩

  55. https://arxiv.org/html/2503.23190v1 ↩

  56. https://www.ir-impact.com/2025/12/ipos-crypto-and-deregulation-the-sec-prepares-for-a-shift-in-2026/ ↩

  57. https://coinmarketcap.com/currencies/bitcoin/btc/eth/ ↩

  58. https://coinmarketcap.com/currencies/ethereum/eth/btc/ ↩

  59. https://www.mexc.co/en-IN/news/611005 ↩

  60. https://finance.yahoo.com/quote/BTC-ETH/history/ ↩

  61. https://www.facebook.com/NetworkAfrica/posts/4-crypto-tokens-to-watch-in-february-2026-as-market-volatility-reshapes-investor/1739350407461984/ ↩

  62. https://www.tandfonline.com/doi/pdf/10.1080/23322039.2022.2087287?needAccess=true ↩

  63. https://arxiv.org/pdf/2204.13102.pdf ↩

  64. https://arxiv.org/pdf/1707.01284.pdf ↩

  65. https://www.mdpi.com/1911-8074/12/2/103/pdf ↩

  66. http://arxiv.org/pdf/2307.14409.pdf ↩

  67. https://downloads.hindawi.com/journals/complexity/2021/1767708.pdf ↩

  68. http://repositori.uji.es/xmlui/bitstream/10234/194167/1/tedeschi_2021.pdf ↩

  69. https://arxiv.org/ftp/arxiv/papers/2304/2304.09939.pdf ↩

  70. https://nerdbot.com/2026/01/09/kwadin-kdn-finalizes-global-listing-frameworks-with-binance-coinbase-kucoin-and-kraken-the-blueprint-for-ai-driven-retail/ ↩

  71. https://www.binance.com/en/square/post/34113976728801 ↩

  72. https://tradingeconomics.com/btcusd:cur ↩

  73. https://coinmarketcap.com/cmc-ai/solana/price-prediction/ ↩

  74. https://tradingeconomics.com/btcusd:cur/news/514582 ↩

  75. https://www.binance.com/en/square/post/01-05-2026-crypto-price-news-jan-5-bitcoin-ethereum-xrp-bnb-solana-dogecoin-cardano-bch-34687323684009 ↩

  76. https://finance.yahoo.com/quote/BTC-USD/history/ ↩

  77. https://www.binance.com/square/post/35744652287090 ↩

  78. https://www.binance.com/en/square/post/34217291735265 ↩

  79. https://www.semanticscholar.org/paper/ebf21d93e551bf4af076726604392919c513aa8a ↩

  80. https://link.springer.com/10.1007/s44257-025-00051-4 ↩

  81. https://www.semanticscholar.org/paper/d96f245afeacd2bc5803e279fa30a2b6e7f90b80 ↩

  82. https://gfintech.pubpub.org/pub/du2rmn4t/download/pdf ↩

  83. https://www.tandfonline.com/doi/full/10.1080/23322039.2024.2408276 ↩

  84. https://arxiv.org/pdf/2201.01392.pdf ↩

  85. https://aemps.ewapublishing.org/media/4fcaf732799b4de08049ebd7f4b9c45f.marked_XGLYQ8e.pdf ↩

  86. https://journals.sagepub.com/doi/10.1177/21582440211002516 ↩

  87. https://arxiv.org/pdf/2109.08939.pdf ↩

  88. https://gtg.com.mt/stablecoins-2026-dollar-dominance-regulation/ ↩

  89. https://in.tradingview.com/symbols/CME-BTC1!/contracts/ ↩

  90. https://www.ainvest.com/news/crypto-wallet-security-gains-urgency-rising-hacks-exploits-2026-2601/ ↩

  91. https://www.reddit.com/r/BitcoinMarkets/comments/7bg3u3/cme_released_contract_specifications_for_bitcoin/ ↩

  92. https://www.cmegroup.com/trading/bitcoin-futures.html ↩

  93. https://www.scworld.com/brief/crosscurve-bridge-loses-3-million-in-smart-contract-exploit ↩

  94. https://www.tradingview.com/symbols/DERIBIT-BTCUSD1!/ ↩