Odaily News Hyperliquid is testing native prediction markets on testnet. (MLM)

Odaily reported that Hyperliquid posted on X platform, stating that since last week, the HIP-3 market has reached a new all-time high, with open interest hitting $1 billion and 24-hour trading volume reaching $4.8 billion.

Odaily News According to monitoring by The Data Nerd, 2 hours ago, a whale (0xd47...1A91) began closing part of its ETH short positions. Currently, including funding fees, this whale's ETH position has a floating profit of approximately $8.5 million.

Odaily News According to on-chain information, the Binance SAFU fund address initiated an authorization transaction approximately 27 minutes ago, adding two new addresses to the "Allowed Recipient Whitelist." This may be in preparation for accumulating Bitcoin.

Odaily News DiscusFish, co-founder of Cobo & F2pool, posted on the X platform stating that Bitcoin has fallen nearly 15% this week. When the Bitcoin price reaches $75,000, a single miner with a power consumption of 23.3W/T will reach its breakeven point (i.e., the shutdown price).

Odaily News According to a post by Zhu Su, founder of Three Arrows Capital (3AC), based on his past experience, "selling at the top" is often riskier than selling during a decline. This is because the excitement from successfully exiting at the peak can easily lead to prematurely re-entering positions and overconfidence.

Zhu Su further pointed out that he suspects Garrett, after earning hundreds of millions of dollars from the 10/10 event, may have been similarly affected by such hubris, leading him to take on higher risks in subsequent trades.

Odaily News According to Onchain Lens monitoring, the 7 Siblings whale (0x741...31f3, 0x28a...a6b0) recently purchased an additional 6,820 ETH with 15 million USDT. Over the past 2 days, this whale has accumulated a purchase of 30,959 ETH at an average price of $2,332, with a total value reaching $72.21 million.

Odaily News Yili Hua posted on the X platform, stating that first, it must be acknowledged: since clearing positions at the top, being prematurely bullish on ETH was indeed a mistake, because while BTC was around $100,000, ETH remained at $3,000, which we considered undervalued. Currently, profits from the previous round have been realized. Positions determine the mindset. While controlling risks, we continue to wait for the market to move upward. Thank you for your concern. Investment and trading are the most difficult; being in the industry, one always can't help but be bullish at all times.

Odaily News According to Dune data, despite the crypto market crash over the weekend, prediction market trading remained active, with the weekly transaction count reaching a new all-time high of 26.39 million. Among them, Polymarket recorded 13.34 million transactions, ranking first; Kalshi recorded 11.88 million transactions, ranking second; Opinion recorded 379,300 transactions, ranking third.

Additionally, the weekly trading volume in prediction markets remains high. Polymarket's weekly trading volume last week was $2 billion, with a weekly increase of 18.4%, ranking first; Kalshi's weekly trading volume was $1.4 billion, with a weekly increase of 8.5%, ranking second.

According to official news, the Gate TradFi section has officially opened its web version and concluded its public beta (https://www.gate.com/tradfi), achieving comprehensive coverage across both App and Web terminals. User accounts, funds, and portfolio data remain unified, enhancing trading continuity and operational efficiency.

TradFi is a CFD trading section for traditional financial assets launched by Gate, supporting mainstream assets such as forex, metals, indices, commodities, and popular stocks. Users can trade across multiple markets within the same account system without needing to open additional accounts. USDT is used as the collateral asset for funds, displayed using the internal pricing unit USDx. The trading mechanism is integrated with the MT5 system, with transaction fees as low as $0.018 per trade.

Data shows that since its launch, the total trading volume on Gate TradFi has exceeded $20 billion, with the highest daily trading volume surpassing $5 billion in a single day. The platform launched a TradFi launch celebration event from February 2nd to 22nd, featuring a $150,000 trading reward pool. The "Gate TradFi Gold Fortune Bag" containing 1,152g of gold has been distributed, and the second phase of the event is about to begin.

With the official launch of the web version, Gate is accelerating the construction of a unified trading framework covering both crypto assets and traditional financial assets.

Odaily News On Monday, commodity markets experienced a broad decline, led by gold, silver, crude oil, and industrial metals. CBA commodity strategist Vivek Dhar stated, "The market decided to sell off precious metals alongside US stocks, indicating investors perceive Powell as more hawkish. Furthermore, a strengthening US dollar has also exerted pressure on precious metals and other commodities including crude oil and base metals." However, he maintains his forecast for gold to reach $6000 in the fourth quarter. Asian stock markets followed US stock futures sharply lower, with the chaotic sell-off in precious metals adding a tense atmosphere to the start of a week packed with corporate earnings, central bank meetings, and economic data. Dhar commented, "The key question is whether this marks the beginning of a structural decline in commodity prices or is merely a correction. We view this as an adjustment and a buying opportunity, not a shift in fundamentals." (Jin10)

Odaily News: Spot gold fell below $4,410 per ounce, down 9.82% for the day. (Jin10)

Odaily News Spot silver has fallen below $72 per ounce, nearing the erasure of its year-to-date gains, with an intraday plunge exceeding 15%. (Jin10)

Odaily News Silicon Valley's renowned investor and AngelList co-founder Naval Ravikant recently stated that Moltbook is becoming the new "Reverse Turing Test."

Influenced by these remarks, the Base chain meme coin MOLT experienced a rapid short-term surge, with gains exceeding 50% at one point.

Odaily News Barclays Bank interest rate strategists forecast in a research report that the U.S. Treasury Department will maintain the issuance size of interest-bearing bonds unchanged in the next quarter and throughout fiscal year 2026. Analyst Dhiraj Narula noted that this prediction aligns with previous policy guidance, meaning the issuance volume has remained stable for a full two years since the last increase from February to April 2024. Narula emphasized in the report that the underlying fiscal situation in the United States remains severe. He pointed out: "The nearly $2 trillion annual deficit continues to put pressure on the U.S. Treasury Department regarding debt issuance." While the scale is currently expected to remain unchanged, Narula cautioned that the U.S. Treasury Department stated last November that it had "begun preliminary considerations for potentially increasing" auction sizes in the future. Therefore, the upcoming quarterly refunding announcement may reveal the latest progress on these expansion plans. (Jin10)

Odaily News: South Korea's KOSPI index closed down 274.67 points, or 5.26%, at 4949.69 points on Monday, February 2nd. (Jin10)